Buy UltraTech Cement, target Rs 4480: Dharmesh Shah

Dharmesh Shah of ICICI Direct has a buy call on UltraTech Cement Ltd. with a target price of Rs 4480.0 .The current market price of UltraTech Cement Ltd. is Rs 4240. The time period given by the analyst is Intra Day when UltraTech Cement Ltd. price can reach defined target. Dharmesh Shah maintains stop loss at Rs 3960.

UltraTech Cement Ltd., incorporated in the year 2000, is a largecap company with a market cap of ₹ 113755.99 crore operating in Cement sector.

UltraTech Cement Ltd. key Products/Revenue Segments include Cement which contributed ₹ 26505.03 Cr to Sales Value (96.94 % of Total Sales), Traded Goods which contributed ₹ 534.33 Cr to Sales Value (1.95 % of Total Sales), Other Operating Revenue which contributed ₹ 220.61 Cr to Sales Value (0.80 % of Total Sales), Scrap which contributed ₹ 45.21 Cr to Sales Value (0.16 % of Total Sales), Sale of services which contributed ₹ 34.52 Cr to Sales Value (0.12 % of Total Sales), Lease Rentals which contributed ₹ .51 Cr to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 7019.81 Cr., up 18.44% from last quarter Sales of ₹ 5927.12 Cr. and up 2.47% from last year same quarter Sales of ₹ 6850.46 Cr. Company has reported net profit after tax of ₹ 726.08 Cr. in latest quarter. The company’s CEO is Mr.K K Maheshwari. It's Board of Directors include Mr.S K Chatterjee, Mr.Gautam Chainani, Mr.M B Agarwal, Mr.Rahul Mohnot, Mr.S Chakravarty, Mr.S K Chatterjee, Mr.Sanjay Mathur, Mr.Vivek Agrawal, Mr.Arun Adhikari, Mr.Atul Daga, Mr.D D Rathi, Mr.G M Dave, Mr.K K Maheshwari, Mr.Kumar Mangalam Birla, Mr.O P Puranmalka, Mr.S B Mathur, Mrs.Rajashree Birla, Mrs.Renuka Ramnath, Mrs.Sukanya Kripalu, Ms.Alka Bharucha. Company has its registered office at 'B' Wing, Ahura Centre,, 2nd Foor,, Mahakali Caves Road,, Mumbai, 400093, Maharashtra. Company has G P Kapadia & Co. as its auditors. As on 31-03-2017, the company has a total of 269,981,625 shares outstanding.