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For Deccan Cements, capacity scale-up a good omen for earnings

The management has maintained a strong financial discipline throughout its history and has been utilising internal accruals to strengthen the balance sheet

December 16, 2021 / 03:15 PM IST
For Deccan Cements, capacity scale-up a good omen for earnings

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,...

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