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Apr-Jun 2013 Earn<strong>in</strong>gs Preview<br />

Cement<br />

Nifty: Company & Sector Valuations<br />

Wgt<br />

(%)<br />

Mcap<br />

(Rs m)<br />

No. of<br />

Shares (m)<br />

CMP<br />

(Rs)<br />

PAT (Rs m) EPS (Rs) PER (x)<br />

2012 2013 2014 2015 2012 2013 2014 2015 2012 2013 2014 2015<br />

16 ACC 0.6% 236,559 187.7 1,260 10,209 13,305 12,425 15,003 54.3 70.8 66.1 79.8 23.2 17.8 19.1 15.8<br />

Growth (%) 4.3 30.3 (6.6) 20.7 4.3 30.3 (6.6) 20.7<br />

17 Ambuja Cements 0.8% 298,292 1,544.4 193 11,780 15,053 15,000 17,330 7.7 10.9 10.9 12.5 25.2 17.7 17.8 15.4<br />

Growth (%) (2.5) 27.8 (0.4) 15.5 (2.8) 41.9 (0.4) 15.5<br />

18 Grasim Industries 1.0% 257,255 91.8 2,803 26,475 27,044 28,557 34,012 288.6 294.8 311.3 369.2 9.7 9.5 9.0 7.6<br />

Growth (%) 16.2 2.2 5.6 19.1 16.1 2.1 5.6 18.6<br />

19 UltraTech Cement 1.0% 517,687 274.2 1,888 12,787 23,066 26,554 30,716 46.7 84.2 96.9 112.1 40.5 22.4 19.5 16.8<br />

Growth (%) 16.8 80.4 15.1 15.7 (46.9) 80.4 15.1 15.7<br />

Total 3.4% 1,309,793 2,098.1 61,250 78,467 82,536 97,060 21.4 16.7 15.9 13.5<br />

Growth (%) 10.1 28.1 5.2 17.6<br />

Source: Company Data, Bloomberg, PL Research<br />

July 8, 2013 180

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