INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a sell call on India Cements Ltd
with a target price of Rs 93
The current market price of India Cements Ltd
is Rs 99.6 Time period given by the analyst is Intra Day when India Cements Ltd
price can reach defined target
Manas Jaiswal recommended to keep stoploss at Rs 103.5.
India Cements Ltd., incorporated in 1946, is a midcap company with a market cap of
key Products/Revenue Segments include Cement which contributed Rs 5537.82 Crore to Sales Value (95.85 % of Total Sales), Ready Mix Concrete
which contributed Rs 101.32 Crore to Sales Value (1.75 % of Total Sales), Clinker which contributed Rs 51.09 Crore to Sales Value (0.88 % of
Total Sales), Income From Construction Work which contributed Rs 36.90 Crore to Sales Value (0.63 % of Total Sales), Wind Power which
contributed Rs 18.00 Crore to Sales Value (0.31 % of Total Sales), Other Operating Revenue which contributed Rs 17.84 Crore to Sales Value
(0.30 % of Total Sales), Traded Goods which contributed Rs 9.05 Crore to Sales Value (0.15 % of Total Sales), Cement (White) which
contributed Rs 5.49 Crore to Sales Value (0.09 % of Total Sales)for the year ending 31-Mar-2017
For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 1397.81 Crore, up 15.23 % from last quarter Sales of Rs
1213.08 Crore and down -8.19 % from last year same quarter Sales of Rs 1522.58 Crore Company has reported net profit after tax of Rs 35.27
Adityan, Mr.Suneel Babu Gollapalli, Mr.V Manickam, Mr.V Ranganathan, Mrs.Chitra Srinivasan, Mrs.Rupa Gurunath
Company has Viswanathan LLP as its auditoRs As on 30-06-2018, the company has a total of 309,282,201 shares outstanding.
