Burnpur Cement climbed 9.80 per cent to Rs 5.04. Saurashtra Cement gained 6,08 per cent to Rs 62.80. Udaipur Cement Works advanced 5.75 per cent to Rs 26.68.

Burnpur, Star Cement: Adani’s Sanghi deal sends smallcap cement shares soaring up to 10%. Here’s why

The subsidiary Udaipur Cement Works sold 19,45,08,912 equity shares to JK Lakhsmi Cement for Rs 350.12 crore in cash. Each share had a nominal value of Rs 4 and was offered at a premium of Rs 14 per share.

JK Lakshmi Cement gains 3% on additional investment in subsidiary

Udaipur Cement Works standalone net profit declines 40.26% in the December 2022 quarter

Udaipur Cement Works standalone net profit declines 78.54% in the September 2022 quarter

Udaipur Cement Works standalone net profit declines 26.57% in the March 2022 quarter

Udaipur Cement Works standalone net profit declines 65.34% in the December 2021 quarter

For arriving at its ratings, CRISIL Ratings has applied its criteria for notch-up of rating based on parent support.

CRISIL assigns ‘AA/Stable’ rating on Udaipur Cement Works bank facilities

Udaipur Cement Works standalone net profit declines 13.31% in the September 2021 quarter

CARE has also reaffirmed Short Term Bank Facilities Rating at the highest possible level of A1+ (CE).

CARE revises ratings on Udaipur Cement Works’ long term borrowings

Udaipur Cement Works reports standalone net profit of Rs 22.09 crore in the March 2021 quarter

Udaipur Cement Works standalone net profit rises 1503.09% in the December 2020 quarter

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Udaipur Cement Works Limited is principally engaged in the manufacturing of cement. The Company is a subsidiary of JK Lakshmi Cement Limited.