Top Stocks to Buy with Anil Singhvi – Anjani Portland Cement: Which is the Budget 2021 stock that will suit your Budget? In today’s edition of Budget 2021 Stock Picks with Zee Business Managing Editor Anil Singhvi, Senior Research Analyst Varun Dubey brings another stock that will be in flavour till the budget announcement on 1st February and even after it. This stock is Anjani Portland Cement – a sector which is a sunrise sector. Know what stands out for this counter.

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Anjani Portland Cement is a subsidiary company of Chettinad Cement. It has a strong foothold in the Southern India and its brands are quite popular, Dubey said. The limestone mine is quite good which makes its products stand out. Anjani Portland Cement has been expanding its reach.

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The financials of this company are quite strong and in FY20, the capacity utilisation of Anjani Portland Cement was around 72 per cent. It has no debts and the cash in hand is around Rs 65 cr. The Return on Equity is over 15 per cent.

In the first half of FY21, Anjani Portland Cement has already achieved a profit of 39.7 per cent as against 40.4 per cent in FY20. The profits are likely to double from here he said.

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Anjani Portland Cement Stock Valuations

Anjani Portland Cement is available at a valuation which are at a PE multiple of 10.25 as against the industry average of 34.5 times. This stock is currently trading around Rs 228.

Anil Singhvi’s View on Anjani Portland Cement

The Market Guru said that this was an excellent stock and the only problem with this stock is that it is not a liquid stock. That does not mean that it is illiquid. The stock trades with a volume of 50,000-55,000 which is why there is less visibility. What stand out for this stock is the promoters who are excellent, the Managing Editor said.

Anjani Portland Cement is a cash rich group. Their stake in the company is 75 per cent and they cannot increase beyond this. He said that Anjani Portland Cement valuations are quite reasonable.