Visaka Industries Ltd Stock Research

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Visaka Industries Ltd Detail

Visaka Industries Limited is in portfolio of Ajay Upadhyay, and in portfolio of Vanaja Sunder Iyer. He is one of the top investors in India. The company belongs to Building Materials sector. 

As per the Company website it is second largest Cement sheet manufacturer in India. The Company operates under four divisions.

  • Fibre Cement
    • Second largest Fibre Cement sheet manufacturer in India with capacity of  802000 tons of corrugated sheets per year. It has eight factories situated in different parts of Country for this purpose.
  • Yarns
    • The Company has capacity of producing 12500 tons of yarns per annum. The factory is situated in Nagpur.
  • Boards and Panel
    • This is new business area Company ventured into after success in Fibre Cement and Yarn. It has capacity of 130000MT fibre cement boards per year. It produces dry wall panels and partition walls.
  • Solar Roof
    • It manufactures integrated solar panels with a cement base. It reduces thermal conductivity better than a traditional roof while enhancing the appearance of your roof.
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I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Visaka Industries Limited Stock Performance

The long term price chart for this stock is very interesting. If you closely observe till year 2016 the stock has performed well but that does not stand it out from crowd. It is only after year 2016 the stock had massive price performance which pulled it towards 1,000 mark (800 above to be precise) from below 200 mark.

It has corrected as well from the tops as well. At current market price the dividend yield is more than 1.5% which is excellent by any standard. Investors have made money in this counter.On an absolute basis it has given twenty times return with majority coming in last couple of years.

Visaka Industries Limited My Opinion

Visaka Industries Limited is a Building materials Company. Though it has Yarns division as well which falls under Textile sector. However the majority of products cater building materials sector only. The primary product from Company is fibre cement sheet.

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Building material sector will see decent growth in coming years. There are lot of construction work required in India. Booming and Developing Economies have  Infrastructure and housing demand. India still has large population to take care of. So this sector will continue to thrive in near future as well.

I am very much interested in Solar Roof concept of the Company. Government is paying too much emphasis on Solar Energy. It is renewal form of Energy and will help cut in Oil import bills.

However you should evaluate how effective or easy is to use Solar roof in individual house or building. That would be major driver in performance of the Company.As of now I am invested in one Building Material sector Company.

In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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