Moneycontrol PRO
Open App

Discovery Series: Deccan Cements merits a deeper look

On an absolute basis, the Deccan Cements stock is valued at an EV per ton of $40 only, which appears a deep discount to the usual-replacement cost of $100

April 22, 2021 / 03:36 PM IST
Discovery Series: Deccan Cements merits a deeper look

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

In our discovery series, we are zeroing in on stocks that were not earlier under coverage, but the results and outlook appear promising. An eye-catching financial performance in the previous few quarters prompted us to look at Deccan Cements – a small-scale cement manufacturer that operates in Telangana and Andhra Pradesh. The company has a clinker capacity of 1.8 million tonnes (MT), along with a grinding unit of 2.3 MT. Deccan is a retail- focussed player which sells portland, slag...

  • PRO Panorama

    Moneycontrol Pro Panorama | Rising market stress points to vulnerability, investors should pay close attention

    Oct 6, 2022 / 04:17 PM IST

    In today’s edition of Moneycontrol Pro Panorama: China's bonhomie with Middle East should concern India, ghost of Lehman brothers’ past haunts markets, US and OPEC+ face off, INR likely to weaken further, and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Fighting the Fed 

    Sep 3, 2022 / 10:06 AM IST

    India is bracing for the ripple effect of the frontloading of rate hikes by the US Fed. The question is, can it have the last laugh

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers