#NSE0011- Stock Of Week- An Undervalue and Underperformed Stock-Nuvoco Vistas Corp Ltd. with a capacity of 23.8 MMTPA, Nuvoco has become the leading player in the East and the 5th largest cement Group in the country in terms of capacity offering a diverse product portfolio of over 50+ products including brands Concreto, Double Bull and Duraguard. With 11 cement plants spread across strategic locations in West Bengal, Bihar, Odisha, Chhattisgarh, Jharkhand, Rajasthan, and Haryana,
With a market cap of ₹12,165 Cr and a stock price currently at ₹341, reflecting a P/E ratio of 18.7, Nuvoco appears undervalued compared to its peers. For instance, UltraTech Cement at a P/E of 43.69, and others like Ambuja Cements and Shree Cement with P/Es of 38.52 and 37.02 respectively.
Promoters holding a substantial 72.02% And Institutional holdings by FIIs and DIIs at 3.43% and 18.59% respectively, alongside a modest public share of 5.95%. The purchase of 563,000 shares by promoters in March 2024 at a price range of ₹298 to ₹301.
Company has plans to take the Ready-Mix business to 80 plants by the end of next fiscal, and then to 100 plants in the next two years.
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