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UltraTech Cement expecting subdued performance as economy slows down

10 Aug 2020 Evaluate

UltraTech Cement is expecting a subdued performance in the wake of weak real estate and overall slowdown in the economy coupled with the impact of the coronavirus pandemic. The nationwide lockdown, amid the coronavirus outbreak, will have a significant near-term impact on the cement industry, however, the Aditya Birla Group firm is confident of its ability to weather the storm and come out stronger given its healthy credit profile.

UltraTech Cement is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India.

Peers
Company Name CMP
Ultratech Cement 11050.10
Ambuja Cements 348.50
ACC 1130.30
Shree Cement 23069.05
Dalmia Bharat 1324.70
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