Friday, July 27, 2018

Star Cement Ltd Updates


Management is  expecting volume growth of 15%  in FY19. Co will be  net debt free, outstanding subsidy stands at Rs 430 cr.Receivable Subsidy 150C in FY2018-19 & bal in FY2019-20.Using it for Capex at Siliguri(West bengal )  plant & Debt repayment.It is now Trading  at 1.6x EPV( June 2018 earnings ) .Valuations will be stagnanet.Financial will only improve on Debt reduction front only in FY18-19.

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