Birla Corporation Ltd

Birla Corporation Ltd

₹ 1,560 4.50%
03 May - close price
About

Birla corporation It is a company of M.P Birla Group. The Co is engaged in the manufacturing of cement of various kinds and also has a presence in the jute goods industry. [1]

Key Points

Product and Brand Offerings

The company manufactures different types of cement like OPC Cement, 43&53 grades, PPC cement, fly ash-based PPC, Low Alkali Portland Cement, and Portland Slag Cement, among other categories. It provides cement under the following classifications:
Popular Cement: Chetak, PSC & Samrat
Premium Cement: Unique, Ultimate, Ultimate Ultra, Perfect Plus & Samrat advanced
Institutional Cement: Concrecem & Multicem
Wall putty: MP Birla Perfect plus wall putty
Construction chemicals: IWP & SBR latex [1] [2] [3][4]

  • Market Cap 12,013 Cr.
  • Current Price 1,560
  • High / Low 1,802 / 970
  • Stock P/E 28.9
  • Book Value 867
  • Dividend Yield 0.16 %
  • ROCE 8.99 %
  • ROE 6.57 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 28.4%

Cons

  • The company has delivered a poor sales growth of 8.09% over past five years.
  • Company has a low return on equity of 4.86% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cement Industry: Cement - North India

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2,133 1,749 1,698 1,750 2,264 2,204 2,000 2,016 2,463 2,408 2,286 2,312 2,656
1,741 1,406 1,431 1,528 1,988 1,944 1,906 1,872 2,188 2,111 1,997 1,934 2,184
Operating Profit 392 344 267 222 277 259 94 144 274 298 289 378 472
OPM % 18% 20% 16% 13% 12% 12% 5% 7% 11% 12% 13% 16% 18%
-44 9 13 14 31 3 42 8 67 16 27 16 33
Interest 67 64 63 61 55 70 93 87 89 97 95 97 82
Depreciation 101 98 98 101 100 115 125 130 140 140 143 145 150
Profit before tax 180 191 119 75 153 77 -82 -64 113 76 77 153 273
Tax % -39% 26% 28% 19% 27% 20% 32% 23% 25% 22% 24% 29% 29%
249 142 86 60 111 62 -56 -50 85 60 58 109 193
EPS in Rs 32.38 18.38 11.11 7.85 14.42 8.04 -7.33 -6.48 11.03 7.75 7.58 14.17 25.11
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,603 3,016 3,210 3,268 4,348 5,730 6,549 6,916 6,785 7,461 8,682 9,663
2,209 2,759 2,908 2,982 3,724 4,922 5,600 5,569 5,434 6,351 7,898 8,225
Operating Profit 394 258 302 286 624 808 949 1,347 1,352 1,110 785 1,438
OPM % 15% 9% 9% 9% 14% 14% 14% 19% 20% 15% 9% 15%
127 113 143 146 139 62 78 74 28 67 107 92
Interest 65 86 78 82 277 378 371 388 296 243 339 372
Depreciation 105 133 154 149 256 332 339 352 371 397 510 578
Profit before tax 351 152 213 201 230 160 317 682 713 538 43 580
Tax % 23% 15% 18% 17% 5% 4% 19% 26% 12% 26% 6% 27%
270 130 175 168 219 154 256 505 630 399 40 421
EPS in Rs 35.10 16.86 22.76 21.78 28.50 19.99 33.20 65.60 81.83 51.76 5.26 54.61
Dividend Payout % 20% 36% 26% 28% 23% 33% 23% 11% 12% 19% 48% 18%
Compounded Sales Growth
10 Years: 12%
5 Years: 8%
3 Years: 13%
TTM: 11%
Compounded Profit Growth
10 Years: 14%
5 Years: 11%
3 Years: -15%
TTM: 824%
Stock Price CAGR
10 Years: 18%
5 Years: 23%
3 Years: 18%
1 Year: 59%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 5%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 77 77 77 77 77 77 77 77 77 77 77 77
Reserves 2,376 2,452 2,550 2,848 3,209 4,203 4,418 4,729 5,409 5,972 5,904 6,597
1,226 1,401 1,302 1,281 4,255 4,130 4,049 4,282 4,146 4,326 4,462 3,903
850 952 1,066 1,023 2,157 2,664 2,787 3,087 3,268 3,488 3,646 3,859
Total Liabilities 4,529 4,882 4,995 5,229 9,698 11,075 11,332 12,175 12,901 13,863 14,089 14,436
1,738 1,870 1,928 2,033 6,362 7,368 7,263 7,325 7,323 7,577 9,843 9,791
CWIP 229 142 123 63 805 762 914 1,604 2,105 2,551 358 480
Investments 1,263 1,325 1,309 1,690 564 672 877 836 752 1,009 867 1,287
1,300 1,546 1,636 1,443 1,966 2,272 2,277 2,411 2,721 2,726 3,021 2,878
Total Assets 4,529 4,882 4,995 5,229 9,698 11,075 11,332 12,175 12,901 13,863 14,089 14,436

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
196 359 282 249 677 805 1,064 1,341 1,328 1,039 805
-111 -341 -11 -11 -982 -234 -543 -1,184 -582 -775 -365
-62 -10 -265 -202 280 -555 -535 -201 -702 -270 -318
Net Cash Flow 23 8 6 36 -24 15 -14 -44 45 -6 122

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 11 9 10 11 11 12 15 13 15 15 14 16
Inventory Days 523 353 428 343 339 301 303 313 301 288 360 223
Days Payable 116 106 123 98 198 224 243 208 218 264 307 200
Cash Conversion Cycle 417 256 314 255 152 89 75 118 99 38 67 38
Working Capital Days 63 10 47 16 19 19 0 -5 24 21 23 34
ROCE % 11% 6% 6% 7% 7% 7% 8% 12% 12% 8% 4%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.90% 62.90% 62.90% 62.90% 62.90% 62.90% 62.90% 62.90% 62.90% 62.90% 62.90% 62.90%
3.96% 3.68% 3.72% 4.16% 4.34% 4.29% 4.49% 5.74% 7.18% 6.58% 6.45% 6.79%
13.76% 15.35% 16.32% 16.29% 16.06% 15.71% 16.03% 16.37% 15.79% 16.00% 16.17% 15.60%
19.39% 18.07% 17.06% 16.65% 16.70% 17.07% 16.57% 15.00% 14.15% 14.51% 14.48% 14.70%
No. of Shareholders 78,59386,57383,37290,70195,89698,01799,55798,10382,38490,38795,7291,11,096

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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