ICICI Direct: Orient Cement - A Value Play In Cement Space

Orient Cement, one of the most efficient players in the industry, has weathered tough times without diluting its balance sheet.

A construction worker holds a trowel of cement as he lays bricks )Photographer Simon Dawson/Bloomberg)

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ICICI Direct Report

Orient Cement Ltd. is a mid-sized (8 metric tonne capacity) cost-efficient player in the cement space.

Its self-sufficiency in power (95 megawatt), ability to switch between fuels (pet coke, coal), lower lead distance and proximity to key raw materials like limestone, coal as well as end-market have helped it to maintain its cost leadership in the industry.

It is reckoned to be one of the most efficient players in terms of cost of production.

The company has weathered tough times in the past without diluting its balance sheet.

Its presence in rural-centric markets in Telangana, Maharashtra and Karnataka will provide key support to its earnings in the current challenging environment.

Click on the attachment to read the full report:

ICICI Direct Instinct OrientCement Company Update Oct20.pdf
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