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INDUSTRIAL | Construction / General Building Materials
nuvoco.in

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Founded Year

1999

Stage

IPO | IPO

Total Raised

$66.6M

Date of IPO

8/11/2021

About Nuvoco

Nuvoco is a cement business with ready mix concrete plants located in India.

Nuvoco Headquarter Location

Equinox Business Park Tower-3, East Wing, 4th floor, Off Bandra-Kurla Complex

Mumbai, 400070,

India

+91 (0) 22 6769 2500

Latest Nuvoco News

Nuvoco Vistas - Strong Acquisition-Led Growth: Nirmal Bang Initiates Coverage

Oct 14, 2021

14 Oct 2021, 11:49 AM IST 14 Oct 2021, 11:49 AM IST 14 Oct 2021, 11:49 AM IST Save BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. Nirmal Bang Report We believe that Nuvoco Vistas Corporation Ltd. has done well to become a top five player in the Indian cement industry in terms of capacity in a very short period of seven years. Nuvoco Vistas will have 25 million metric tonne capacity by FY23, making it one of the largest cement companies in India with strong presence in Eastern and Northern regions. What we like about the company is: high market share in the Eastern region strong brand portfolio across various categories continued reduction in operating costs through improved efficiencies since FY19 large limestone reserves to sustain higher levels of growth and brownfield opportunities possibility of achieving further synergies between Nuvoco Vistas and Nu Vista Ltd. and management focus on deleveraging to become debt free by FY26. Click on the attachment to read the full report: Nirmal Bang Nuvoco Vistas Corporation Ltd- Initiating Coverage-12 October 2021.pdf View Document DISCLAIMER This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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