NCL industries came with a wonderful set of numbers and the Company had strong brand franchise, premium positioning in north coastal AP and low-cost capacity expansion (0.7 MT at Rs1,800 mn ) will enable the company to grow above industry average and post healthy EBITDA/tn in the next few years. Also, NCL will be a key beneficiary of the upcoming demand revival in the south and a sharp rise in cement prices as New capital of AP is going to start very soon and the plant of NCL is located very near to the proposed new capital will have a advantage when compared to others. Other businesses like Pre-fab, bison panel etc., are also having strong reputation locally.
It’s a good stock to watch…
Be and make
Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”
Disclosure: It is safe to assume that i/we might have NCL Industries LTD in my/our portfolio and hence my/our point of view can be biased. Readers should consult their financial advisory before any investments.