Antique Broking has reiterated its ‘buy’ rating on UltraTech Cement, keeping the target price unchanged at ₹12,800. The target suggests a potential upside of approximately 5.5% from the current market price (CMP) of ₹12,128.00.
The brokerage highlighted that the company is targeting over ₹300 per ton in cost savings over FY25–27E across its existing assets, out of which ₹86 per ton has already been realized in FY25.
Antique continues to maintain its FY26E/27E EBITDA estimates for UltraTech Cement, indicating confidence in the company’s operating performance outlook.
Additionally, UltraTech Cement currently trades at around 17 times FY27E EV/EBITDA and at USD 195 per ton EV/ton, according to the brokerage’s estimates.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
