@manish26 - I had a quick look at Anjani Portland Cements. Anjani a subsidiary of Chettinad cements has a 1.2 MT capacity. They are also a south based company. This must also benefit from the increased demand and stable prices from this region. However, their leverage is much higher vis-a-vis NCL. Their total debt stands at 190 crores. Also their EV/Tonne is slightly higher at ~56$ vs NCL's 35$.
Both these companies will be subjected to the same risks(Price & Demand) as I have mentioned in my previous posts.
This is based on a quick look at Anjani. Please let me know if I have missed out something.
Thanks,
Ravi S
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