Skip to content

Radhakishan Damani gets into India Cements

Radhakishan Damani, a stock market veteran and owner of hypermarket chain D-Mart,gets into South India’s biggest cement manufacturer- India Cements. At IndianHiddenGems,we closely watch the market activities of such kind of ace investors who are setting up the ideal path for retailers and small scale investors.

Radhakishan Damani was holding a whooping 7.5% of Gati shares which he bought at around Rs 60 in 2014. But in the last financial year ending, his holding had come down to 3.36% where Gati touched an all time high of Rs 345. Now its clear that he has diverted that profit, – its in India Cements and  five-star hotel Radisson Blu Resort & Spa in Alibaug, a popular coastal town around 100 km from Mumbai.

Radhakishan Damani’s investment company, Derive Investments, bought 2071580 shares of India Cements on 25th June at Rs. 86.61 worth Rs. 18 crore. Hope you all know that India Cements is run by N Srinivasan, the strongman behind the BCCI and Chennai Super Kings, the Chennai IPL Team.

Why India Cements and Cement Sector

Cement demand is likely to improve gradually with a medium term outlook in line with the recovery in infrastructure, investment cycle and overall economy. The weakness in the international crude oil prices and other commodities such as Coal that too has helped in bringing costs under control and improving profitability of the sector.

India Cements is the largest producer of cement in South India. It has established brands viz. Sankar Super Power, Coromandel Super Power and Raasi Super Power.

India Cements reported net profit of Rs 36.60 crore in Q4 March 2015 as compared to net loss of Rs 157.12 crore in Q4 March 2014. Total income fell 7.3% to Rs 1043.10 crore in Q4 March 2015 over in Q4 March 2014.

According to analysts, demand for cement is likely to improve only in FY17 when government-led projects are expected to be in execution mode.

In other news, Radhakishan Damani has bought five-star hotel Radisson Blu Resort & Spa in Alibaug, a popular coastal town around 100 km from Mumbai. Damani’s Derive Trading Pvt Ltd has acquired the 156-room property is owned by Pune-based real estate developer Phadnis Group for Rs 135 crore.

2 thoughts on “Radhakishan Damani gets into India Cements”

  1. My long the net operation of making observations has at the end of the day been given great respect with good (pointed) ends to write about with my close friends. the way you say to about thing talked of was really good. So keep on sharing hope to see more from you. if you seaching how to apply new pan cared you can refer pan card online application this site will help you any doubt realated to pan card .The PAN helps the IT department link all transactions with a person.Thanks a lot for sharing and take your valuable time to write and share your thoughts.Good to know about it.It is really informative.Keep sharing post like this. I am impressed with your site’s blog.

Leave a Reply

Your email address will not be published.