Sagar Cements - Small Player, Spreading Wings: Geojit Initiates Coverage

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Geojit Research Report.Sagar Cements Ltd., established in 1985, is a south India based cement manufacturer with a capacity of 8.25 million tonne (South-5.75 million tonne, Central-1 million tonne, East1.5 million tonne). Sagar Cements has total captive power capacity of 66.85 megawatt. Industry capacity utlisation to reach back to pre-Covid levels in FY23E, given normalisation of the economy and government of India’s strong focus on housing and infra. Sagar Cements' capacity has grown at 10% compound annual growth rate and reached 8.25 million tonne, and targets ~10 million tonne by FY25. Revenue/profit after tax grew at a CAGR of 11%/28% during last five years. To diversify footprint, the company has recently added capacity in East and Central regions through acquisitions. Further, Sagar Cements has recently raised Rs 5 billion in debt and Rs 3.5 billion as equity for a potential acquisition (Andhra Cements-2.6 million tonnes). .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Sagar Cements - Small Player, Spreading Wings: Geojit Initiates Coverage

Sagar Cements - Small Player, Spreading Wings: Geojit Initiates Coverage

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