In Chat with Anil Singhvi, Shree Digvijay Cement Executive Chairman says sales demand may remain weak for few days due to Covid 19 surge

Zee Business Managing Editor Anil Singhvi said that Shree Digvijay Cement started their operations in India in 1944 at the coastal township of Digvijaygram (Sikka) in Jamnagar District of Gujarat. Since 2019, they are a part of True North formerly known as India Value Fund Advisers (IVFA). Anil Singhvi speaks to the Executive Chairman of the company, who also goes by the name Anil Singhvi.

Anil Singhvi, talking about Shree Digvijay Cement, said that sometimes small is beautiful and not big is beautiful. He said that the company is small in size and hence not on the radar on Investors. He said that the performance of Q3 FY21 was exceptional. All parameters performed well. The growth in the production, sales and margins clearly indicate that the company did perform exceptionally well despite flat prices.

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Singhvi said that strong margins were on account of cost savings, high productivity and extremely good product mix. This was the key reason that the profitability of the company is looking extremely strong.

अच्छे प्रोडक्ट मिक्स से श्री दिग्विजय सीमेंट के नतीजों को जोरदार सहारा#NewsParViews में कंपनी के एग्जिक्यूटिव चेयरमैन अनिल सिंघवी ने कहा- कोरोना काल में दिख सकता है सीमेंट की मांग पर असर#NewsParViews #ResultsOnZee #ShreeDigvijayCement @AnilSinghvi_ pic.twitter.com/K1OvUJM8PW

— Zee Business (@ZeeBusiness) April 29, 2021

Singhvi said that sales demand may remain weak for a few days due to 2nd wave of Coronavirus. However, it will not impact an entire Q1 FY22. Growth performance of the company will remain steady when compared to previous quarters.

Singhvi said demand for cement in the last 1 year has been 3% to 4% positive despite the lockdown and has not been negative at all. Cement demand may get postponed, but it will never come down. Similarly in the current scenario, the demand for cement may get delayed by 15 days to 1 month but won’t go away. Demand for cement may get postponed but cannot get cancelled.

Singhvi said this year they want to deliver high productivity with low cost of production. He said that they will try to deliver a similar performance of last quarter for the next 3 to 4 quarters. He said rather than concentrating on cement prices, he will focus high productivity with low cost of production. Singhvi said that right small steps taken yield big results in the long term.

Singhvi said that the current plant has huge potential and they want to optimize t5he utilization of existing plants. Operating team is working efficiently to generate higher efficiency. He said that the company is expecting further gains from the productivity this yea