ECONOMY

Orient Cement – Enhanced Performance; De-Levering Balance Sheet: Anand Rathi

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With capacity utilisation in March 2021 at over 100%, Orient Cements Ltd.’s performance was robust, aided by firm prices and cost optimisation.

The de-levering exercise continued healthy cashflow generation and improved working capital.

The company targets a 3.5 million tonne capacity expansion to 11.5 million tonne by FY24.

Despite rising input costs, profitability is expected to be firm.

Risks: Rising pet-coke/diesel prices, demand slowdown.

Click on the attachment to read the full report:

Anand Rathi Orient Cement Company Update.pdf

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