EBITDA in line; reiterates long-term capacity expansion target

Company
29 Jan 2024
5 Min read 
  • Dalmia Bharat's 3QFY24 results showed in-line EBITDA and higher-than-expected adjusted PAT.
  •  The company expects mid-teens volume growth in FY25 and a long-term CAGR of 1.5% in cement prices.
  •  The stock is currently trading at an attractive valuation of 11.5x/9x FY25E/FY26E EV/EBITDA.
  •  The company has robust capacity expansion plans and a strong balance sheet.
  •  The acquisition of JPA cement assets is expected to be finalized in the next few months.
  •  The company's financial snapshot shows steady growth in sales, EBITDA, and adjusted PAT.
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