Cement Sector Weekly Report – 06.11.2017 To 10.11.2017
Cement Sector Weekly Report – 06.11.2017 To 10.11.2017
Stocks of cement companies may trade positive next week, as investors anticipate price hikes following the Supreme Court's order to ban the use of pet coke in the Delhi-National Capital Region. We are also positive due to hope of improved demand in coming months. Cement companies in the northern region have to use either usual domestic coal or imported coal due to the Supreme Court ruling. This will eventually result in an increase in power and fuel cost for cement companies.
Cement producers will pass on this increase in costs to end consumers, leading to an increase in cement prices. We also remain positive on the sector in medium to long term, as they expect cement demand to rise because of the government's focus on infrastructure. A pick-up in affordable housing projects is also expected to aid cement demand.
Last week, the government had announced a 6.9-trln-rupee plan to build 83,677 km of roads over the next five years, including the 5.35-trln-rupee Bharatmala road project, which includes a dozen expressways connecting major Indian cities. Cement manufacturers expect good monsoon rains to lead to an improvement in demand for cement. Stocks of India Cements Ltd and Shree Cement Ltd will be in focus next week as the companies will announce their Jul-Sep results.
India Cements will announce its earnings on Thursday. It is expected to report a net profit of 200.50
mln rupees, down 67.9% on year. The company's net revenue is likely to be at around 13.35 bln
rupees, up 2.1% on year. Shree Cement will announce its earnings on Wednesday. It is estimated to
report a net profit of 2.98 bln rupees, up 2.1% on year. For company's net revenue is seen at 21.99
bln rupees, up 9.6% on year.
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Cement Sector Weekly Report – 06.11.2017 To 10.11.2017
Stocks of cement companies may trade positive next week, as investors anticipate price hikes following the Supreme Court's order to ban the use of pet coke in the Delhi-National Capital Region. We are also positive due to hope of improved demand in coming months. Cement companies in the northern region have to use either usual domestic coal or imported coal due to the Supreme Court ruling. This will eventually result in an increase in power and fuel cost for cement companies.
Cement producers will pass on this increase in costs to end consumers, leading to an increase in cement prices. We also remain positive on the sector in medium to long term, as they expect cement demand to rise because of the government's focus on infrastructure. A pick-up in affordable housing projects is also expected to aid cement demand.
Last week, the government had announced a 6.9-trln-rupee plan to build 83,677 km of roads over the next five years, including the 5.35-trln-rupee Bharatmala road project, which includes a dozen expressways connecting major Indian cities. Cement manufacturers expect good monsoon rains to lead to an improvement in demand for cement. Stocks of India Cements Ltd and Shree Cement Ltd will be in focus next week as the companies will announce their Jul-Sep results.
India Cements will announce its earnings on Thursday. It is expected to report a net profit of 200.50
mln rupees, down 67.9% on year. The company's net revenue is likely to be at around 13.35 bln
rupees, up 2.1% on year. Shree Cement will announce its earnings on Wednesday. It is estimated to
report a net profit of 2.98 bln rupees, up 2.1% on year. For company's net revenue is seen at 21.99
bln rupees, up 9.6% on year.
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