Friday, July 27, 2018

Star Cement Ltd Updates


Management is  expecting volume growth of 15%  in FY19. Co will be  net debt free, outstanding subsidy stands at Rs 430 cr.Receivable Subsidy 150C in FY2018-19 & bal in FY2019-20.Using it for Capex at Siliguri(West bengal )  plant & Debt repayment.It is now Trading  at 1.6x EPV( June 2018 earnings ) .Valuations will be stagnanet.Financial will only improve on Debt reduction front only in FY18-19.

No comments:

Post a Comment

Thanks for Your Valuable comments. It will make Us to Serve You in Better Way. For Any STOCKS Query ,Please Call NiftyNext +91 880 2230 836.

Disclaimer

The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
We( WWW.NIFTYNEXT.COM) are not Registered with Any Regulatory Body in India ie SEBI,NSE,BSE,AMFI or Any Otheres.


Blog Archive