The Mysore cements story is very interesting.
The Company which had huge interest commitments till like two years back is now debt free!
Consider this, the market cap is Rs.243 crores, while it holds about Rs.170 crores in fixed deposits alone.
Adding to that is the fact that the business has wiped off all debts and its returning strong operating margins for the capital employed.
My take is that Myysore cements which is selling at a discount to its book value can be valued at least three times its current market price.
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