UltraTech Cement

CMP: 1093

Ultra Tech Cement Ltd. produces a wide range of cement products. This Company represents the cement operations of Larsen & Toubro which were spun-off into a separate entity in which Grasim Industries holds a majority interest.

Ultra Tech Cement is a large cap and probably the only stock in cement industry that's worth buying for long term. Its currently trading at a P/E of little over 16 with dividend yields of 0.55% in the last 12 months. Manageable liability. Revenues have grown from 3,299 Crores to 13,350 Crores in the last 5 years. Profits have risen from 229 Crores to 1,404 Crores in the same period. NPM has risen smartly from 7% to 10% over the last 5 years. Its a strong buy backed by strong growth in recent times. Buy and hold for long term gains.