agree.
I’m looking if it has a moat here as Cement is a commodity and entry barriers are not very high.
I gather from your report the below advantages –> can they become moat?
- Proximity to new capital.
- Lower transportation costs leading to ‘low cost’ supplier.
- One time BIG construction activity for next few years.
a. Having captive power plant and limestone are good but even other cement companies mostly have it, like Sagar cement.
During your research, what did you feel about promoters? Any nice points, any blemishes? Do they have the passion to make it big in the business?
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