News Title: Sagar Cement Share Price 02 April 2024
📈🏗️ South Indian cement company Sagar Cement’s shares are on the rise. The company’s shares reached their annual high in January 2024. Since then, the stock has dropped by 31% from its peak. Those who invested ₹76,000 in Sagar Cement Company’s shares 20 years ago are now millionaires. Sagar Cement’s share price was trading at ₹218.50, up by 4.90% on Monday, April 1, 2024.
📊📈 According to analysts at brokerage firm Geojit BNP Paribas, Sagar Cement Company’s shares could earn a profit of 18% in a short period of time. On April 2, 2004, the company’s shares were trading at ₹1.57. The shares are now trading at ₹218. The company’s shares were trading at ₹179.70 on March 29, 2022. In just nine months, the company’s shares have given a 70% return to its investors. On Tuesday, April 2, 2024, the share price was up by 0.89% at ₹222.
💰💼 Sagar Cement Company’s shares touched ₹304.65 on January 3, 2024. The company was established in 1985. In the quarter ending December 2023, the company’s revenue increased by 16% on a YTD basis. In the previous financial year, the company’s operating profit increased by 83% annually to ₹87 crores.
📆💵 Sagar Cement Company has set a target of ₹470 crores in capital expenditure for the financial years 2024-26. The company currently has a net debt of ₹1,400 crores. The company’s debt/equity ratio is 1.0. The company’s growth and margins are supported by demand growth, improvement in basic infrastructure, government’s positive outlook on housing development, cost reduction plans, and operational efficiency improvement.
📈💼 During the financial years 2024-26, Sagar Cement Company has seen a 17% increase in revenue on an annual basis in revenue collection. The company’s EBITDA could also increase with a growth rate of 34%. In addition, brokerage firm Geojit BNP Paribas has given a buy rating on Sagar Cement Company’s shares and recommended investing at a target price of ₹246.
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