Panyam Cements & Mineral Industries Ltd

Panyam Cements & Mineral Industries Ltd

₹ 193 0.49%
19 Jun 10:44 a.m.
About

Panyam Cements and Mineral Industries Limited (Panyam) is a cement manufacturing
company based in Kurnool, Andhra Pradesh. The Company was admitted to NCLT and went through a restructuring phase.[1]

Key Points

Insolvency and Revival[1]
NCLT in May,2020 admitted the application for initiation of the Corporate Insolvency
Resolution Process (“CIRP”) on the company. Further, the NCLT approved the Resolution Plan for revival of the Company. Thereafter, the Joint Lenders at their meeting held on 06th July, 2021 nominated the members of Implementation and Monitoring Committee (IMC) to oversee implementation of the approved resolution plan and look after affairs of the Company. The said IMC has discharged their duties in their last meeting held on 13th January, 2023 and handed-over the affairs of the Company to the new board of directors.

  • Market Cap 155 Cr.
  • Current Price 193
  • High / Low 235 / 11.3
  • Stock P/E
  • Book Value -211
  • Dividend Yield 0.00 %
  • ROCE -22.6 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.110 Cr.

* 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 - South India

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Quarterly Results

Figures in Rs. Crores

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
0 0 0 0 0 5 17 15 3 15 20 46 39
2 2 62 1 7 6 28 27 4 24 27 54 47
Operating Profit -2 -2 -62 -1 -7 -1 -11 -12 -2 -9 -7 -8 -8
OPM % -23% -66% -84% -63% -62% -35% -18% -19%
0 0 301 0 -26 0 0 0 -29 0 5 5 5
Interest 0 0 0 0 0 0 0 0 0 0 6 7 8
Depreciation 1 1 1 1 1 1 1 1 1 3 4 5 5
Profit before tax -3 -3 238 -2 -33 -2 -12 -13 -32 -12 -12 -15 -15
Tax % 0% 0% -1% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-3 -3 241 -2 -33 -2 -12 -13 -32 -12 -12 -15 -15
EPS in Rs -1.72 -1.57 6,005.98 -58.09 -826.98 -52.85 -297.68 -335.33 -40.33 -15.42 -14.94 -18.92 -19.31
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
103 47 93 223 208 163 66 0 0 0 39 120
108 64 94 201 191 166 96 22 6 71 65 152
Operating Profit -5 -17 -2 22 17 -4 -29 -22 -6 -71 -26 -32
OPM % -5% -37% -2% 10% 8% -2% -44% -67% -26%
48 33 4 11 14 16 14 -41 2 275 -29 14
Interest 13 13 12 14 24 34 42 88 11 0 0 21
Depreciation 8 7 6 6 7 9 8 7 5 4 4 16
Profit before tax 22 -4 -15 12 1 -31 -65 -158 -21 200 -60 -55
Tax % 22% 0% 0% 10% 136% 0% -4% 0% 0% -2% 0% 0%
17 -4 -15 11 -0 -31 -67 -158 -21 203 -60 -55
EPS in Rs 10.92 -2.66 -9.46 6.67 -0.19 -18.65 -39.97 -93.65 -12.44 5,054.85 -74.61 -68.59
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 13%
3 Years: %
TTM: 209%
Compounded Profit Growth
10 Years: -11%
5 Years: 4%
3 Years: %
TTM: -81%
Stock Price CAGR
10 Years: 17%
5 Years: 86%
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

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 16 16 16 16 16 17 17 17 17 0 8 8
Reserves 18 14 -2 9 -6 -31 -98 -261 -282 -62 -122 -177
Preference Capital 0 0 0 0 0 0 0 0 0 0 0
88 108 99 68 124 124 126 130 131 140 231 349
109 75 105 154 167 181 245 393 409 1 34 27
Total Liabilities 231 213 218 247 301 292 291 279 275 80 150 207
78 71 73 68 86 81 74 66 61 31 94 117
CWIP 29 31 25 24 19 24 23 23 23 19 14 16
Investments 7 1 1 1 31 32 32 27 27 0 0 0
117 109 119 153 164 155 162 163 164 30 42 73
Total Assets 231 213 218 247 301 292 291 279 275 80 150 207

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 -26 14 30 -5 35 48 111 6 61 -34 -38
2 2 3 6 -67 -8 -0 5 0 -26 -68 -75
-4 26 -17 -32 68 -27 -49 -117 -6 -28 97 111
Net Cash Flow -2 1 0 4 -4 -0 -0 0 0 7 -5 -2

Ratios

Figures in Rs. Crores

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 64 84 54 32 45 61 130 13 10
Inventory Days 790 719 471 153 224 146 314 45,938 112 512
Days Payable 609 394 345 197 229 204 873 134,320 307 316
Cash Conversion Cycle 245 408 180 -11 40 3 -429 -182 206
Working Capital Days -22 -86 -152 -97 -106 -220 -1,025 -24 8
ROCE % -6% -15% -2% 25% 22% 2% -32% -31%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.63% 52.63% 55.40% 55.40% 0.00% 0.00% 0.00% 95.00% 95.00% 95.00% 95.00% 95.00%
4.02% 4.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.34% 0.34% 0.36% 0.36% 0.71% 11.22% 11.22% 0.60% 0.60% 0.60% 0.07% 0.07%
43.01% 43.01% 44.24% 44.25% 99.29% 88.79% 88.79% 4.40% 4.40% 4.40% 4.93% 4.93%
No. of Shareholders 8,1048,1038,1028,1018,2418,2418,0958,0928,0918,0907,8937,822

* 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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