The timely capacity additions in the northern, central and western India markets will boost grey cement volume growth. We can expect the capacity expansion and higher infra spends to propel revenues over the next couple of years. The steady demand for putty and rising exports from the UAE plants to south India and African countries has improved volume growth visibility. 

The management expects the company to outperform the industry in term of growth in FY20. It anticipates margin improvement on account of lower discounts, Gujarat plant ramp-up, royalty reduction due to scaling up, normalised inventory, softening of commodity prices and cost reduction measures. 

In the housing finance business, quality of underwriting remains a key concern due to severe competition in this space. Also, the asset quality must be maintained while continuing to chase growth. A robust mechanism for collection is also important to avoid write-offs.

India remains one of the fastest growing markets for paper globally and is expected to grow above 6 per cent per annum over the next few years. Paper consumption in the country is expected to witness a substantial jump in the future in sync with economic growth

IDFC Bank was looking to diversify its loan book from infrastructure. The bank was looking for a merger with a retail finance institution that had an adequate scale, strong financials and specialized skills. Meanwhile, Capital First was looking to attain the commercial banking licence in order to access a large pool of funds for growth and access to lower cost of funds

Digitisation in India is leading to lower cost of acquiring, servicing and retaining customers. In order to tap this opportunity and empower its MSME partners, the company has devised a five-pronged internet strategy. The company is looking to list more SMEs on its platforms and leverage its strong positioning as a local search engine and online marketplace.

Ramco Cements enjoys a strong presence is southern and eastern India. The company has a high presence in the retail segment and enjoys premium position in the southern market. The company enjoys strong brand recognition among IHB customers because of its deep rural penetration in Tamil Nadu and Kerala compared to its competitors.

India’s fast progress in setting up quality infrastructure, skilled doctors, lower cost of treatment and government policies make it an attractive prospect for medical tourism.
The company has opened 14 new hospitals in the last 4-5 years and as these hospitals mature, topline and EBITDA margin is expected to improve.The strong growth at new hospitals as well as Apollo Health & Lifestyle Ltd is expected to aid sales growth in the future.

India’s growing investment in infrastructure and growing anticipation of demand for affordable housing means that steel demand is expected to remain strong in India.

Some of SPIL’s key specialty products are expected to be commercialised in the US in FY19.