INSUBCONTINENT EXCLUSIVE:
JM Financial has upgraded The Ramco Cements from hold to buy in the long term with a target price of Rs 935
The stock gained half a percent to Rs 819 on Friday while the BSE Sensesex closed 12.81 points (0.03%) up at 41,945.37.
Company
FinancialsFor the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 1282.35 crore, down -4.91 % from last quarter
sales of Rs 1348.57 crore and up 12.36 % from last year same quarter sales of Rs 1141.26 crore
The company has reported net profit after tax of Rs 170.10 crore in the latest quarter
Krishnan, Mr.P R Venketrama Raja, Mr.R S Agarwal
Company has SRSV - Associates as its auditors
As on 31-12-2019, the company has a total of 235,576,780 shares outstanding
improve return ratios materially
While the new capacity will be setup at a cost of Rs 3,530 crore, fundamentals are set to improve due to reduction in exposure to South
market to 85% from 87%, according to the brokerage
Despite expansion, the net debt-to-EBITDA stands at comfortable level of 1.94x, said JM Financial
The stock gained half a percent to Rs 819 on Friday.