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VENKATRAMANA BHAT's avatar

Very nice Daily brief. Now it is becoming habit for me read it on daily basis. Learning many things, thanks to this daily briefing.

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krishna's avatar

Glad you find this useful :)

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Siddharth Bothra's avatar

India’s share in cement production is 11.25% I think based on the chart that you have added. You guys have taken the CY18 production market share I believe.

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krishna's avatar

Ah yep, it’s CY 18. Where did you get the 11.25% number from? Possible to share the source please?

Thanks :)

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Siddharth Bothra's avatar

Refer to the table that you have put and refer to the CY24 production number instead of CY18

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krishna's avatar

Lol, I missed this. Thanks Siddharth :)

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sheo ratan Agarwal's avatar

The Daily Brief of date dives deep into the brutal but fascinating cement industry — one where scale, geography, and timing matter far more than marketing gloss,with specific reference to JSW Cement IPO.

The renewables round up helps me understand the what, why and how of the sector.

Both in-depth analysis enriched me especially for informed investing decision.

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Kashish Kapoor's avatar

🙏❤️

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Abhijeet Kislay's avatar

I find IPOs fascinating. They are a multi stakeholders event in its truest sense. The way I see it is:

1. The company in question (JSW Cements) is looking to raise fresh capital and prove itself to the public markets.

2. The early investors are waiting to finally exit and crystallize returns.

3. For retail investors, it’s one of those rare windows where they get to participate directly in a company’s debut bidding alongside institutional giants, often driven more by narrative than fundamentals.

4. And then there are the analysts and funds watching from the edges, looking for pricing inefficiencies to hedge, short, or speculate on.

A bonanza of fun ;) - and smart people can make money if they have the right inputs here.

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krishna's avatar

So true :)

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sagar kandekar's avatar

In my view, the cement sector is closely linked to government capital expenditure. This is evident from the rise in the fiscal deficit as a percentage of GDP during Q1 FY25, which reflects increased government spending on infrastructure projects.

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krishna's avatar

Thanks for sharing this :)

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sagar kandekar's avatar

In terms of operational performance, it lags in key parameters such as EBITDA per ton, realization per ton, and EBITDA margins. Additionally, the company has a high debt-to-equity ratio.only sales and volume growth looks good.

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Kashish Kapoor's avatar

Thanks for pointing this out

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