2. Ramco Cement

It is seen that the demand for cement has increased in the past few years in southern India. Per-bag realizations had slumped to sub-Rs 200 levels, though it saw a rebound. After the split of Andhra Pradesh, hopes on revival of demand from the housing and infrastructure sectors has risen.

Companies like Ramco Cement might have seen a fall in earnings through the past four years, but according to the analysts, estimates are for better growth in the future. Ramco Cement not only has capacities in Andhra Pradesh, but also in Tamil Nadu and Karnataka. 

3. Coromandel International

Coromandel is owned by the Murugappa Chettiar Group. The company manufactures and markets fertilisers and pesticides. It is the second largest phosphatic fertiliser player in India. Coromandel is balanced to be the biggest beneficiary in the complex fertiliser space with the implementation of the nutrient based subsidy scheme.

NBS will benefit the company in the long term by means reduction in working capital and lesser volatility in earnings, on the back of its raw material linkages, scale of operations and operational efficiencies.