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India`s Prism Johnson swings to Q1 profit on strong cement demand  Indian building materials maker Prism Johnson swung to a profit in the first quarter on the back of strong demand for cement and declining input costs. Consolidated profit after tax was 207.6 million rupees ($2.5 million) in the three months ended June 30, compared with a loss of 160.1 million rupees a year earlier. Demand for cement has been rising following increased government spending on infrastructure projects, analysts say. Prism's revenue from the cement segment, whi...
India`s Prism Johnson swings to Q1 profit on strong cement demand
India`s Prism Johnson swings to Q1 profit on strong cement demand
Source: Reuters
2/08/2023 2:26:05 PM
Prism Johnson Ltd : High-cost pressure persists; tile expansion on track; retaining a Buy Says Anand Rathi Shares and Stock Brokers High-cost pressure persists; tile expansion on track; retaining a Buy High costs at all its divisions curtailed Prism Johnson’s Q2 performance. While the tile expansion is on track, the cement capacity expansion is expected to be delayed due to the high-cost situation. The wind power capacity expansion would help contain costs. We retain our Buy rating, with a lower TP of Rs.152 (earlier Rs.155). Cement division, high-cost pressure. While high costs continue to hamper the performa...
Prism Johnson Ltd : High-cost pressure persists; tile expansion on track; retaining a Buy Says Anand Rathi Shares and Stock Brokers
Prism Johnson Ltd : High-cost pressure persists; tile expansion on track; retaining a Buy Says Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
7/12/2022 2:53:03 PM
Prism Johnson inches up on entering into Supply Agreements with Mayflex, RLJ and Rockhill Prism Johnson is currently trading at Rs. 125.00, up by 0.35 points or 0.28% from its previous closing of Rs. 124.65 on the BSE. The scrip opened at Rs. 123.10 and has touched a high and low of Rs. 125.05 and Rs. 123.10 respectively. So far 584 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 160.00 on 17-Jan-2022 and a 52 week low of Rs. 96.75 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs....
Prism Johnson inches up on entering into Supply Agreements with Mayflex, RLJ and Rockhill
Prism Johnson inches up on entering into Supply Agreements with Mayflex, RLJ and Rockhill
Source: Accord Fintech
19/10/2022 10:25:19 AM
Add Prism Johnson Ltd For Target Rs.151 - ICICI Securities Higher costs impact margins; outlook improving Prism Johnson’s (PRSMJ) Q1FY23 standalone EBITDA inched up 2% YoY to Rs1.5bn, in line with our / consensus estimates. Cement volumes (including clinker) were up 9% YoY while cement EBITDA/te fell 35% YoY to Rs750 (however, up 84% QoQ) owing to higher energy costs. TBK division’s revenue nearly doubled YoY on low base with EBITDA margin at 8.4%, up 520bps YoY but down 360bps QoQ owing to lower capacity utilisation and higher natural...
Add Prism Johnson Ltd For Target Rs.151 - ICICI Securities
Add Prism Johnson Ltd For Target Rs.151 - ICICI Securities
Source: ICICI Securities Ltd
21/09/2022 4:16:35 PM
Prism Johnson slips after Q4 PAT contracts 87% YoY Prism Johnson declined 3.06% to Rs 101.45 after the company reported 87.4% drop in consolidated net profit to Rs 19.85 crore in Q4 FY22 from Rs 157.42 crore in Q4 FY21. Revenue from operations during the quarter was at Rs 1,853.87 crore, marginally higher as compared with same period last year. Total expenses increased by 6.2% to Rs 1,853.31 crore in Q4 FY22 from Rs 1,745.25 crore in Q4 FY21. Profit before tax in Q4 FY22 stood at Rs 27.76 crore, down by 80.9% from Rs 145.39 crore in Q4 FY2...
Prism Johnson slips after Q4 PAT contracts 87% YoY
Prism Johnson slips after Q4 PAT contracts 87% YoY
Source: Dion Global Solutions Ltd
11/05/2022 1:42:23 PM
Add Prism Johnson Ltd For Target Rs.151 - ICICI Securities Weak cement; better TBK Prism Johnson’s (PRSMJ) Q3FY22 standalone EBITDA declined 35% YoY to Rs1.2bn, significantly below our and consensus estimates owing to weak cement division performance. Cement volumes (including clinker) declined 12% YoY, while EBITDA/te declined sharply 58% both YoY and QoQ to Rs385/te owing to higher input costs. However, TBK division performance was better with revenue rising 17% YoY with EBITDA margin of 12.7% (down 140bps YoY and up 180bps QoQ). PRSMJ pla...
Add Prism Johnson Ltd For Target Rs.151 - ICICI Securities
Add Prism Johnson Ltd For Target Rs.151 - ICICI Securities
Source: ICICI Securities Ltd
5/02/2022 10:29:49 AM
Emargin Positional Pick - Buy Prism Johnson Ltd For Target Rs.160 - HDFC Securities Emargin Positional Pick - Buy Prism Cement Ltd For Target Rs. 160- HDFC Securities * Prism Johnson is in an intermediate uptrend as it has been making higher tops and higher bottoms for the last several months. * After consolidating in a range between the 118-127 levels for the last several weeks, the stock has broken out of this range on Monday on the back of above average volumes. * Technical indicators are giving positive signals as the stock is trading above t...
Emargin Positional Pick - Buy Prism Johnson Ltd For Target Rs.160 - HDFC Securities
Emargin Positional Pick - Buy Prism Johnson Ltd For Target Rs.160 - HDFC Securities
Source: HDFC Securities Ltd
9/11/2021 2:43:49 PM
MTF Stock Pick Buy Prism Johnson Ltd For Target Rs. 149- HDFC Securities MTF Stock Pick Buy Prism Johnson Ltd For Target Rs. 149 - HDFC Securities  TECHNICAL OBSERVATIONS The stock price (Prism Johnson Ltd) as per weekly timeframe chart was moving in an intermediate uptrend over the last one year. We observe a formation bullish sequence like larger higher tops and higher bottoms over the period of time. After the decent downward correction down to Rs 123-124 levels in the recent weeks (new higher bottom), the stock price is now read...
MTF Stock Pick Buy Prism Johnson Ltd For Target Rs. 149- HDFC Securities
MTF Stock Pick Buy Prism Johnson Ltd For Target Rs. 149- HDFC Securities
Source: HDFC Securities Ltd
2/07/2021 2:07:29 PM
Add Prism Johnson Ltd For Target Rs. 150 - ICICI Securities Strong operating performance continues Prism Johnson’s (PRSMJ) Q4FY21 standalone EBITDA grew 68% YoY to Rs2.4bn, above our estimates led by higher cement volumes which grew 26% YoY and 34% QoQ. Besides, consolidated TBK volumes grew strong at 55% YoY with EBITDA margins of 12.6% owing to better product mix and operating leverage. PRSMJ announced addition of 1.0mnte grinding capacity at Satna to be commissioned by Sep’23. It also announced a greenfield tile capacity expansion of...
Add Prism Johnson Ltd For Target Rs. 150 - ICICI Securities
Add Prism Johnson Ltd For Target Rs. 150 - ICICI Securities
Source: ICICI Securities
14/06/2021 10:09:59 AM
Update On Prism Johnson By HDFC Securities Our take Prism Johnson Ltd (Prism) was incorporated in 1992 and is promoted by the Rajan Raheja Group. It is a key cement player in the central Indian region. It has 7 MTPA of cement capacity, a 22.4 MW captive Waste Heat Recovery System (WHRS) and 22.5 MW solar power plant. The company has an established presence in eastern Uttar Pradesh (revenue contribution of ~53%), Madhya Pradesh (revenue contribution of ~25%), and Bihar (revenue contribution of ~22%) markets. Prism's cement busin...
Update On Prism Johnson By HDFC Securities
Update On Prism Johnson By HDFC Securities
Source: HDFC Securities Ltd
11/06/2021 11:53:23 AM
Prism Johnson jumps after commissioning 12.4 MW of WHRS, 10 MW of solar power at Madhya Pradesh Prism Johnson is currently trading at Rs. 130.35, up by 1.30 points or 1.01% from its previous closing of Rs. 129.05 on the BSE. The scrip opened at Rs. 129.15 and has touched a high and low of Rs. 132.00 and Rs. 129.15 respectively. So far 32309 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 132.00 on 31-Mar-2021 and a 52 week low of Rs. 28.20 on 01-Apr-2020. Last one week high and low of the scrip stood at R...
Prism Johnson jumps after commissioning 12.4 MW of WHRS, 10 MW of solar power at Madhya Pradesh
Prism Johnson jumps after commissioning 12.4 MW of WHRS, 10 MW of solar power at Madhya Pradesh
Source: Accord Fintech
31/03/2021 12:23:05 PM
Update On Prism Johnson Ltd By HDFC Securities The management indicated that its cement business continues to be on a firm base and upcoming WHRS and clinker expansions will further boost segmental profits. The ailing TBK (Tiles/Bath/Kitchen) segment reported a healthy margin during 2Q/3QFY21, riding on its strong cost controls and new product launches. Prism is confident of TBK EBITDAM at ~11-11.5% in FY22, as the turnaround is sustainable. Prism is also eyeing strong growth in its RMC business, riding on good demand outlook. With the lo...
Update On Prism Johnson Ltd By HDFC Securities
Update On Prism Johnson Ltd By HDFC Securities
Source: HDFC Securities Ltd
17/03/2021 11:15:18 AM
Prism Johnson Q3 net profit zooms 739.66% at Rs 63.73 cr The company reported standalone net profit of Rs 63.73 crore for the quarter ended December 31, 2020 as compared to Rs 7.59 crore in the same period last year, registering a year-on-year growth of 739.66 per cent. Net revenue of the company declined by 0.39 per cent at Rs 1,368.28 crore in October-December quarter of this fiscal as against Rs 1,373.64 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 5.58 per cent to Rs 1,196.43 crore ...
Prism Johnson Q3 net profit zooms 739.66% at Rs 63.73 cr
Prism Johnson Q3 net profit zooms 739.66% at Rs 63.73 cr
Source: Dion Global Solutions Ltd
28/01/2021 12:37:30 PM