INSUBCONTINENT EXCLUSIVE:
Sagar Doshi of Edelweiss Financial Services has a buy call on UltraTech Cement Ltd
with a target price of Rs 4500.0
The current price of UltraTech Cement Ltd
Sagar Doshi recommended to keep a stoploss at Rs 4100
UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 122405.79 Crore) operating in
key Products/Revenue Segments include Portland/Possolana Cement which contributed Rs 35103.39 Crore to Sales Value (98.31 % of Total Sales),
Other Operating Revenue which contributed Rs 530.20 Crore to Sales Value (1.48 % of Total Sales), Scrap which contributed Rs 68.52 Crore to
Sales Value (0.19 % of Total Sales), Sale of services which contributed Rs 1.37 Crore to Sales Value (0.00 % of Total Sales), Lease Rentals
which contributed Rs .02 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 9620.47 Crore, down -5.47 % from last quarter Sales
of Rs 10177.63 Crore and up 4.01 % from last year same quarter Sales of Rs 9249.26 Crore Company has reported net profit after tax of Rs
578.79 Crore in latest quarter
The company’s top management includes Mr.Arun Adhikari, Mrs.Renuka Ramnath, Mrs.Rajashree Birla, Mrs.Alka Bharucha, Mr.S B Mathur, Mr.O P
Puranmalka, Mr.Kumar Mangalam Birla, Mr.K K Maheshwari, Mr.G M Dave, Mr.D D Rathi, Mr.Atul Daga, Mrs.Sukanya Kripalu
LLP as its auditoRs As on 16-10-2019, the company has a total of 288,613,666 shares outstanding.