Nuvoco Vistas Company Ltd., integrated within the yr 1999, is a Small Cap firm (having a market cap of Rs 12293.31 Crore) working in Normal sector.
Nuvoco Vistas Company Ltd. key Merchandise/Income Segments embrace Cement, Development Chemical substances, Different Working Income and Scrap for the yr ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the corporate reported a Consolidated Complete Revenue of Rs 2665.80 Crore, down -9.48 % from final quarter Complete Revenue of Rs 2945.12 Crore and up 20.70 % from final yr identical quarter Complete Revenue of Rs 2208.56 Crore. Firm reported web revenue after tax of Rs 20.47 Crore in newest quarter.
Funding Rationale
The brokerage maintains BUY on Nuvoco Vistas, with an unchanged TP of INR 591/share (11x its consolidated Mar-24E EBITDA). It continues to love it for its management presence within the east, massive retail focus, and varied margin initiatives. In Q1FY22, Nuvoco reported broadly in-line EBITDA (vs ours/consensus estimate). Its unitary EBITDA remained flattish QoQ at INR 789 per MT on wholesome value restoration, regardless of the ~20% rise in gasoline costs QoQ.
Promoter/FII Holdings
Promoters held 71.72 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 3.65 per cent, DIIs 19.06 per cent.
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