Cement
Cement
from 1,856 today
We maintain our BUY rating on the stock with a TP of Rs 2,260/share, driven by capacity expansion, market share gains, and improved operational efficiencies.
Volume growth is expected to accelerate as capacities rise by ~40% over the next 18 months, though regional competitive pressures and near-term margin headwinds may keep profitability range-bound. We maintain our HOLD rating with an unchanged target price of INR 2,100.
Management expects a meaningful ramp-up from Q3FY27 onwards, supported by the contribution from the acquired JAL assets, which should drive topline growth in H2FY27. We value DBL at 12x EV/EBITDA to arrive at a target price of Rs. 2,278 and maintain our BUY rating.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
