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Cement Dispatches – February 2012
ACC’s cement dispatches for February 2012 stood at 2.15mn tonnes, up by
healthy 7.5% yoy. UltraTech’s cement dispatches stood at 3.52mn tonnes, up by
modest 5.7% yoy. However, on mom basis, dispatches declined for both the
companies, by 3.6% and 5.5%, respectively. Growth in dispatches of UltraTech
and ACC for February 2012 has come in lower than 12.7% yoy growth reported
by Ambuja Cements. We continue to remain Neutral on ACC and UltraTech, as
they are trading at EV/tonne of US$140 and US$147, respectively, on
CY2012E/FY2013E capacity.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Cement Dispatches – February 2012
ACC’s cement dispatches for February 2012 stood at 2.15mn tonnes, up by
healthy 7.5% yoy. UltraTech’s cement dispatches stood at 3.52mn tonnes, up by
modest 5.7% yoy. However, on mom basis, dispatches declined for both the
companies, by 3.6% and 5.5%, respectively. Growth in dispatches of UltraTech
and ACC for February 2012 has come in lower than 12.7% yoy growth reported
by Ambuja Cements. We continue to remain Neutral on ACC and UltraTech, as
they are trading at EV/tonne of US$140 and US$147, respectively, on
CY2012E/FY2013E capacity.
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