Business Details
Shree Digvijay Cement as the name suggest belongs to Cement sector. The Company started its operation in year 1944. As of now the total capacity of the Company is 1.20 Million Tons per Annum.
It also received prestigious license from American Petroleum Institute (API) for the manufacturing of Oil Well Cement – API 10A Class G HSR Cement.
The Company sells its cement under the Brand name Kamal Cement. Below are the types of Cement Company manufactures
- PPC Cement (Portland Pozzolona Cement)
- OPC Cement ( ideal for all major RCC and PCC works )
- SRPC Cement (Sulphate Resisting Portland Cement)
- Oil Well Cement ( India’s largest producer of Oil well cement). One of the best cement available for cementing offshore and onshore wells
- Cement ka Sardar used for individual house building and Company is promoting this cement heavily
Along with cement it also provides technical assistance and service to Customers. Gujarat is main business area for the Company as the plant is located in the state as well.
Stock Performance
Above is long term price performance of the Company. The Company is recently listed on exchanges. Post listing it has performed well on exchanges. It doubled in one year post listing touching 30 price point mark after getting listed at 15 INR price.
In recent market correction due to corona it has corrected still the Company is trading well above the listing price.
My Opinion
Shri Digvijay Cement is one of the largest producer of Oil well cement in India. This is quite a achievement for such a small Company considering huge number of cement companies listed in India.
Oil well cement is used in Onshore and Offshore Oil wells and should be resistant to huge temperature and pressure. This requires special technical skill to create such cement.
It is located close to Jamnagar port. The strategic location of this Company will help it in selling Oil well cement. This may be reason of it putting emphasis on Oil well cement.
The Company also has wide network in state of Gujarat. Since it belong to good sector (Note Cement sector has performed well over the years). It is good to track this Company. It is interesting Company to keep an eye on.