Fundamental

MANGALAM CEMENT LTD 

Ticker : 502157
BUY: Rs304.55
Target: Rs 340 

Mangalam Cement is a cement manufacturing company. On the standalone quarterly front, the company in Q1FY20 posted revenues at Rs. 333.16 crore, up by 30 per cent YoY. The PBIDT jumped to a whopping Rs. 67.98 crore in Q1FY20 as compared to Rs. 4.98 crore in the same quarter of the previous year. In Q1FY20, on the back of robust operational profit, the company posted PAT at Rs. 33.22 crore as against a net loss of Rs. 15.32 crore posted in Q1FY19. Mangalam Cements reported stellar Q1FY20 numbers on the back of strong realisation growth. The company also has the backing of the central region’s continued traction of strong demand and resilience of cement prices in the region. Considering the healthy balance-sheet of the company, we recommend a BUY.