The management has maintained a strong financial discipline throughout its history and has been utilising internal accruals to strengthen the balance sheet
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Deccan Cements is a small-sized cement manufacturer, with an impressive track record of consistent performance. The firm has produced solid operating metrics, buoyed by a strong financial performance even in competitive market conditions. Investors should keep a close watch on the stock as the recent quarter results reflect a strong recovery from COVID disruptions. Stable quarter Deccan’s Q2 top line came in largely unchanged at Rs 191 crore as volumes and realisations dipped by 2 percent and 1 percent,…
