UltraTech Cement share price: Motilal Oswal says BUY with target price of Rs 8050
UltraTech cement share price today: Motilal Oswal says that UltraTech Cement 4QFY21 result was impressive on multiple counts. While volume growth remained above industry, EBITDA/unit was strong at Rs 1328/t (+18% YoY), driving 51% YoY growth in EBITDA. Net debt fell Rs 27 bn QoQ to INR67.2b (0.55x TTM EBITDA). UltraTech Cement has grown its market share further due to high clinker availability, which helped it meet strong demand for OPC cement in 4QFY21
Motilal Oswal estimates 19% EPS CAGR. UltraTech Cement remains Motilal Oswal top large cap pick in the cement sector: Reuters