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06.10.2019

*AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:* 

NCL INDUSTRIES
(CMP 99)
 ENTER LEVEL – 85 TO 90 STOPLOSS 70 TARGET 100-150 IN 24 MONTHS

NCL Industries Ltd is a leading manufacturer of cement under the brand name Nagarjuna Cement & Cement Bonded Particle Boards under the brand name Bison Panel. The company derives over 80% of its revenues from the cement business operating mainly in south India with an annual installed capacity of 2.70 million tons. The rest of the sales come from segments like cement bonded particle board, ready mix concrete and hydro power. Company is having 90000 sq metres cement boned particle board manufacturing capacity. It is also having 4 ready mix concrete units and also having 15.75 MW hydro power capacity.It has an equity base of just Rs.45.23 crore that is supported by reserves of around Rs.454.43 crore. It has a share book value of Rs.110.47 per share & price to book value ratio stood at just
0.89x. The Promoters hold 40.32%, Indian Mutual Funds hold 13.56%, Other Domestic institutions hold 3.60% while the investing public holds 40.1% stake. Company has posted strong numbers for Q1FY20. During Q1FY20, its net profit zoomed 367.9% to Rs.29.01crore from Rs.6.20crore in Q1FY19 on 19.62% higher sales of Rs.286.36crore in Q1FY20 fetching an EPS of Rs.6.41. Currently, the stock trades at a P/E of 6.5x.It is regular dividend paying company. Company paid 25% dividend for FY19. Its January 2018 high rate was Rs.303. Stock almost corrected 67% from that level.


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