Midcap cement duo that deserve attention
The near-term trajectory for the cement companies once again appears uncertain, but government spending in infrastructure development and policy reforms are expected to boost volumes post the easing of restrictions
June 18, 2021 / 10:52 AM IST
India Cements | CRISIL assigned long term rating for company at A/Stable, and short term rating at A1.
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
The cement industry posted a healthy Q4FY21 on the back of a sustained pick-up in economic activity. The broad-based demand across the retail and the institutional channels aided cement off-take across regions. While the localised lockdowns due to the second COVID wave is once again posing challenges to project execution, the cement industry is hopeful that construction activities will regain momentum post the lifting of restrictions.
Healthy volume growth across the board
JK Cement maintained its healthy earnings momentum and delivered...