Post Budget Safe Mix Concrete (SMCPL) one of the most beneficiary firm

Post Budget Safe Mix Concrete (SMCPL) one of the most beneficiary firm

The recent budget announcement has being favorable for concrete product company due to the cut in Sales taxation. Safe Mix Concrete (SMCPL) will be a beneficiary in the tax situation. The company is all set to have tax relief which will boost the company EPS. Moreover company being highly leveraged having finance cost equal to KIBOR + 200 bps will be beneficial due to the recent discount rate cut. According to cement analyst, Favorable PSDP allocation in the budget will bring organic growth to this company.