|Stock Name : INDIA CEMENTS LTD||Buy : 168||Posted Date : April 16, 2021|
|Stopless : 145||Target : 215|
Overview: India Cements Limited is a cement manufacturing company in India. The company’s headquarters is in Chennai.
About the company: India cements Limited was founded in the year 1946 by MR. S N N Sankaralinga Iyer and MR. T S Narayanaswami.
India cements is one of the oldest Indian corporates, established in 1946, the company set up its first plant in 1949 at Sankarnagar (Talaiyuthu, Tirunelveli district, Tamil Nadu). Today, India Cements has 8 integrated cement plants in Tamil Nadu, Telangana, Andhra Pradesh and Rajasthan and two grinding units, one each in Tamil Nadu and Maharashtra.
India Cements commenced production of Ready Mix Concrete (RMC) on September 16, 1999. The Company has now 9 state-of-the art RMC plants, four in Tamil Nadu, four in Karnataka and one in Andhra Pradesh.The plants include automatic batching plants, transit mixers, concrete pumps and fully equipped laboratories.India Cements owned the Indian Premier League franchise Chennai Super Kings from 2008 to 2014 (Now the team is transferred to a separate entity named Chennai Super Kings Cricket Ltd).The company’s brands include Sankar Super Power, Coromandel King and Raasi Gold.
Management: Mr. N. Srinivasan is the Managing Director and his daughter Ms. Rupa Gurunath is the Whole Time Director of the company.
Foreign Institutions: 12.42%
N Banks Mutual Funds: 3.76%
General Public: 36.65%
Financial Institutions: 5.65%
Dividend: India Cements has declared an equity dividend of 6.00% amounting to Rs 0.6 per share for the year ending March 2020.
Sales Report: For the October-December quarter, India Cements has reported a Consolidated Total Income of Rs 1,189.24 Crore, which is up 8.65 % from last quarter Total Income of Rs 1,094.58 Crore and down 4.93 % from last year same quarter Total Income of Rs 1,250.95 Crore. The overall Q3’s volume of clinker and cement of the company stood at 23.77 lakh tonnes when compared to 26.66 lakh tonnes in the previous year, registering a drop of 11%. But, the net profit was Rs 62.02 crore as against a net loss of Rs 5.37 crore in the corresponding quarter of the last fiscal.
If you find any mistake please contact the email@example.com. This article is general in nature. It does not constitute a recommendations to buy and sell any stock, and does not take account of your objectives, or your financial situation & don’t confirm the correctness or verify of any published contents on site. Largecapindia has no position in the stocks mentioned.Largecapindia aim to bring you long term focused research analysis driven by fundamentals.