Cement manufacturers losing pricing plot, says ICICI Securities; maintains 'buy' only on JK Cement

The cement industry has displayed a trend of maintaining price stability during difficult times, such as the demand weakness observed in FY20 or the COVID-19 pandemic in Q1FY21 and Q1FY22. However, once the situation starts to improve, cement prices tend to decline.

Grasim Industries vs Ambuja Cements: Which is a better long-term investment?

<ul><li>While Grasim Industries has gained 3 percent in the last 1 year, Ambuja Cements has outperformed massively, rising over 20 percent in this period.</li></ul>

Ultratech Cement soared 46% in 9 months; trading near its all-time high

Despite their weak performance in the December quarter, cement stocks are moving higher as the sector's cost pressure is receding as the prices of key fuels in the process of making cement, such as pet coke and coal, are easing.

Birla Corp down 24% in last one year but Centrum sees nearly 80% upside; here's why

Centrum expects the company to double its EBITDA to ₹1900 crore in FY25E from ₹840 crore expected in FY23E, driven by higher volumes and lower costs.

Cement sector outlook: Centrum expects recovery of margins; prefers UltraTech Cement, Birla Corp

After a challenging year, the cement sector in India is likely to witness the twin advantage of better demand and softening of operating costs, thereby leading to the recovery of margins, domestic brokerage house Centrum Broking stated in a recent report.

JK Lakshmi Cement stock gains over 105% in nine months; is it still a ‘buy’?

In its latest December quarter earnings, the company reported a mixed performance, with higher fuel and power costs impacting profits, however, the overall numbers being positive. Domestic brokerage firms remained bullish on the stock following the company's performance in the third quarter. Motilal Oswal said the company's operating performance was in line with their estimates.

UltraTech Cement falls after Q3 earnings but brokerages remain positive on the stock

Following the release of the company's third-quarter numbers, domestic brokerage firms remained bullish on the stock, citing the company's strong fundamentals and growth drivers. Brokerage house IDBI Capital maintained its ‘buy’ rating on the stock with a revised target price of ₹7,965 apiece.

Q3 Earnings Preview: Cement companies' woes likely to continue as input costs eat into profitability

The raw material costs continued to remain a major concern for the cement sector for Q3FY23. The petcoke and coal prices in both domestic and international markets were still higher compared to the long-term average but corrected in the past couple of months.

Major cement companies report net loss amounting to 40-90% in Q2 on higher costs

For the September-ending quarter, cement Major Ultratech Cement posted a 42% drop in its consolidated net profit to ₹755.7 crore from ₹1,310.3 crore in the same quarter last year. The total expenditure of the company jumped nearly 30% to ₹12,026 crore in Q2 from ₹9,302 crore.

Ultratech Cement: Brokerages stay bullish despite a fall in net profit; Here are the key reasons

ICICI securities said that Ultratech Cement's strong strategic growth plan, a prudent approach to generating higher cash flows and capex while maintaining a strong balance sheet would keep it ahead in the league.

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Cement manufacturers losing pricing plot, says ICICI Securities; maintains 'buy' only on JK Cement

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