Shree Digvijay Cement Company Ltd (Bullish)
Shree Digvijay Cement Company Ltd:-
FUNDAMENTAL ANALYSIS:-
It was established on 06 Nov 1949 at sikka and is primarily engaged in the business of manufacture and sale of cement. It sells cement under its established brand 'Kamal Cement'. Sector - Cement & Construction Materials.
Positive:-
1. Limestone Availability - Limestone was a major cause of concern for the company for a long time. It was successful in securing new limestone deposit mines and today has 20+ years of limestone for sustaining current production. It also plans to increase this availability to 50 million tonnes for future growth.
2. Productivity - The company's plant is an old plant and had hardly ever produced 1 million tons of cement on a sustained basis. During pandemic shutdown it carried out extensive repairs including repairs to its Waste Heat Recovery System and was successful in producing high clinker with a very high generation of power. In March 2021 company produced the highest ever 98,002 MT clinker and generated over 3 million units of power from WHRS approx 31% of power needs.
3. The Company focuses on generating and consuming more than 65% of its power requirements through green energy.
4. The company primarily sells its cement in the state of Gujarat through a network of 1,000+ channel partners.
5. It also owns and operates a captive sea port that can harbor and handle 3,000-5,000 DWT vessels along the jetty. The port can be used for the import and export of cargo for the co. and others.
6. Company has reduced debt. Its almost debt free now.
7. Stock is providing a good dividend yield of 5.22%. ROCE improving in last 2 years
8. Company has delivered good profit growth of 53.7% CAGR over last 5 years. Company's annual revenue growth of 24.39% outperformed its 3 year CAGR of 12.68%
9. Company has been maintaining a healthy dividend payout of 64.9%
10. Company has spent less than 1% of its operating revenues towards interest expenses and 5.99% towards employee cost in the year ending 31 Mar, 2022.
TECHNICAL ANALYSIS:-
Mkt Cap = 969.71 Cr
EV = 885.67 Cr
52 week high = 88.00
52 week low = 47.10
Promotors HOLDING = 56.12%
No Promotors pledged
FII/FPI = 0.23
Face Value = 10
BV = 22.78
PBV = 2.95
DY = 5.21
ROE = 17.80
ROCE = 28.77
ROA = 11.89
PE = 19.12
Sector PE = 30.63
EPS = 3.51
EBITDA = 31.05
PBT = 23.13
PAT = 17.14
BETA = 1.22
Holding:-
- True north fund holding 56.12% (80,825,928 shares)
- LLP holding 4.91%
- Anagha advisors 4.88%
- Ican investments 2.24%
- Hitesh Ramji 1.53%
- Sharad kanayalal 1.46%
These pers on 29th September increased stakes in this stock:-
- Vikas kumar added 40k shares
- Suresh kumar added 30k shares
- Ramanujan added 50k shares
- Premranjan added 35k shares
- Parag Kumar added 30k shares
- Gupta Jaideep added 39k shares
- Narendrasinh added 51k shares
FII/FPI decreased holding from 0.29% to 0.23% in June 2022 qtr.
Support Zone from 60 to 64
Following trendline resistance.
Buy 62 to 64
SL 59
Target 80 - 95 - 100
This stock may become future multibagger.
These are my personal views. I may be wrong. Please analyse yourself and also consult with your financial advisor before investing.
FUNDAMENTAL ANALYSIS:-
It was established on 06 Nov 1949 at sikka and is primarily engaged in the business of manufacture and sale of cement. It sells cement under its established brand 'Kamal Cement'. Sector - Cement & Construction Materials.
Positive:-
1. Limestone Availability - Limestone was a major cause of concern for the company for a long time. It was successful in securing new limestone deposit mines and today has 20+ years of limestone for sustaining current production. It also plans to increase this availability to 50 million tonnes for future growth.
2. Productivity - The company's plant is an old plant and had hardly ever produced 1 million tons of cement on a sustained basis. During pandemic shutdown it carried out extensive repairs including repairs to its Waste Heat Recovery System and was successful in producing high clinker with a very high generation of power. In March 2021 company produced the highest ever 98,002 MT clinker and generated over 3 million units of power from WHRS approx 31% of power needs.
3. The Company focuses on generating and consuming more than 65% of its power requirements through green energy.
4. The company primarily sells its cement in the state of Gujarat through a network of 1,000+ channel partners.
5. It also owns and operates a captive sea port that can harbor and handle 3,000-5,000 DWT vessels along the jetty. The port can be used for the import and export of cargo for the co. and others.
6. Company has reduced debt. Its almost debt free now.
7. Stock is providing a good dividend yield of 5.22%. ROCE improving in last 2 years
8. Company has delivered good profit growth of 53.7% CAGR over last 5 years. Company's annual revenue growth of 24.39% outperformed its 3 year CAGR of 12.68%
9. Company has been maintaining a healthy dividend payout of 64.9%
10. Company has spent less than 1% of its operating revenues towards interest expenses and 5.99% towards employee cost in the year ending 31 Mar, 2022.
TECHNICAL ANALYSIS:-
Mkt Cap = 969.71 Cr
EV = 885.67 Cr
52 week high = 88.00
52 week low = 47.10
Promotors HOLDING = 56.12%
No Promotors pledged
FII/FPI = 0.23
Face Value = 10
BV = 22.78
PBV = 2.95
DY = 5.21
ROE = 17.80
ROCE = 28.77
ROA = 11.89
PE = 19.12
Sector PE = 30.63
EPS = 3.51
EBITDA = 31.05
PBT = 23.13
PAT = 17.14
BETA = 1.22
Holding:-
- True north fund holding 56.12% (80,825,928 shares)
- LLP holding 4.91%
- Anagha advisors 4.88%
- Ican investments 2.24%
- Hitesh Ramji 1.53%
- Sharad kanayalal 1.46%
These pers on 29th September increased stakes in this stock:-
- Vikas kumar added 40k shares
- Suresh kumar added 30k shares
- Ramanujan added 50k shares
- Premranjan added 35k shares
- Parag Kumar added 30k shares
- Gupta Jaideep added 39k shares
- Narendrasinh added 51k shares
FII/FPI decreased holding from 0.29% to 0.23% in June 2022 qtr.
Support Zone from 60 to 64
Following trendline resistance.
Buy 62 to 64
SL 59
Target 80 - 95 - 100
This stock may become future multibagger.
These are my personal views. I may be wrong. Please analyse yourself and also consult with your financial advisor before investing.