NOT A BUY RECOMMENDATION
*NCL Industries*
_*Peer Comparison*_
Company P/E FY21E EPS
*NCL Ind 4 35*
Guj Sidhee 8.06 2.2
JK Cement 25.7 70.8
JK Lakshmi 12.7 23.5
Shree Cement 49.54 474.8
Sagar Cement 21.52 75.2
Ultratech 23.61 205.7
Ambuja 18.26 10.9
ACC 25.54 67.6
Heidelberg 17.9 9.8
NCL Industries continues to be *Most Undervalued Cement Pick.* Strong Management, Investor Friendly Promoter, Bright Outlook, *Bison Panel Board & DURADOOR* are eco-friendly products and emerging as *Brand #1* in respective segments.
Of course, industry bigwigs deserve higher valuations but even in same/similar size companies (Heidelberg Guj Sidhee Saurashtra Cement etc.), Valuations of NCL Industries are most attractive.
*✅Buy NCL TP 250*
*✅Buy NCL TP 250*