The Economic Times
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| 09 August, 2021, 09:09 AM IST | E-Paper
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    ‘Look East’ policy makes Nuvoco a good bet

    Also, India’s cement industry has entered a rising demand cycle phase in which pent-up demand is likely to further boost sales of well-placed cement companies.

    Synopsis

    In the past three fiscal years, the company’s revenues from operations grew to Rs 7,488 crore in FY21 from Rs 7,052 crore in FY19. In the same period, its losses have fallen to Rs 25.9 crore in FY21 from Rs 26.4 crore in FY19. As of FY21, it has a debt to equity ratio of less than 1.

    ET Intelligence Group: Long-term investors can consider investing in the initial public offering (IPO) of India’s fifth-largest cement manufacturing company Nuvoco Vistas Corporation. Low per capita cement consumption in the eastern region where the company sells a large portion of its capacity, improving demand situation of the industry after the second wave of the pandemic, timely expansion, wide distribution network, retail-focused sales and
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