ACC Limited is India ’s leading manufacturer of cement, mainly into Bulk Cement and Ready Mix Concrete. In CY09, the company?s improved operational efficiency helped to gain a decent performance, despite lower volumes and reported 33% jump in its net profit. The net sales were up by 10% and OPM improved by 230 bps to 23.6%.
Currently, the total capacity of the company stands to 26 MMTPA. Bargarh expansion...
For India, 2009 till now, been a great year with the return of a stable government at centre, good FII inflow, substantial increase in the stock market and less terror attacks. For the first time an Indian won double Oscar and Indian American received Nobel Prize for Chemistry. But H1N1 influenza claiming thousands of lives and a series of plane crashes are some events that we never want to happen again.
Meanwhile,...
Posted by
harsh on Nov 18th, 2009 in
Cement,
Research |
0 comments
Investors are recommended to book profit on the cement counter as this sector looks weak on the following reasons:
- Cement prices are coming down on all India basis with maximum fall observed in South India (E.g. Rs 170 per 50 Kg bag in Vishakapatnam).
- Our discussion with various industry experts suggests us that cement prices seems to have peaked out with supply overhang resulting in lower capacity...