2018

Nov 20 Mumbai

Webinar on Cement sector: Will demand momentum support profitability?

5

Days remaining


Summary

 

In fiscal 2018, cement demand growth hit a multi-year high driven by robust growth from the housing segment, especially in the rural belt, and a raft of infrastructure investments. To be sure, there was a low-base effect, too. But demand growth momentum has continued through the first half of this fiscal with volume rising a sharp 12.5-13.5% led by demand from the southern and eastern regions.

 

However, pricing growth continued to elude the industry on account of ramp-up of acquired assets, coupled with additions of around 24-26 million tonne capacities in the preceding nine months (last quarter of fiscal 2018 and first half of fiscal 2019).

 

Also, rising crude oil prices has cast cloud on the sustenance of profitability. Further, aggregate leverage of cement makers remains high (at over Rs 50,000 crore), driven by acquisitions, which has put some balance sheets under stress.

 

In this context, CRISIL is conducting a webinar on the cement industry, where its analysts will speak on:

 

  • Nuances of demand-supply and regional picture
  • Trends in realisation
  • Impact of high crude prices and weaker rupee on cost
  • Capex outlook of the cement sector
  • Credit view on mid-size cement makers, given their high-leverage profiles

The webinar will include a presentation by CRISIL’s experts, followed by a panel discussion with senior industry leaders and a Q&A session.

Dial-in Numbers for Audio

  • India Toll Free Number
    1800 120 1221 | 1 800 266 1221

    Local Access (Available all over India)
    +91-7045671221

    Universal Access
    +91 22 7115 8056 | +91 22 6280 1155

     

  • International Toll Free Numbers
    United States: 1 866 746 2133
    United Kingdom: 0 808 101 1573
    Singapore: 800 101 2045



 

 

For any assistance/ query, please call: Jeemit Shah | +91 22 3342 3275 | Jeemit.shah@crisil.com