Hemadri Cements Ltd

Hemadri Cements Ltd

₹ 130 -1.99%
01 Mar 1:12 p.m.
About

Incorporated in 1981, Hemadri Cements Ltd manufactures and sells cement[1]

Key Points

Product Profile:[1]
a) Hemadri 43 Grade Cement:
This product is 40% finer than B.I.S Specifications for cement in this category, It enhances the smoothness, density and durability of the structures. It has the lowest alkali component
b) Hemadri Gold 53 Grade Cement:
This cement has 36% higher final compressive strength. It is best used in construction of Commercial and industrial Complexes, Multi – storey Buildings Road and Runways Bridges, Flyovers and culverts & Water Tanks, Concrete Bunds and Aqua ducts Plastering and Finishing Pre-stressed Concrete Constructions etc.
c) Hemadri Super Grade Cement:
It is ideal for Residential and commercial Complexes Compound Walls, Grills, Door Frames, Spun Pipes and Poles, manufacturing PCC solid and Hollow Concrete Bricks etc.

  • Market Cap 86.9 Cr.
  • Current Price 130
  • High / Low 158 / 6.00
  • Stock P/E
  • Book Value 39.2
  • Dividend Yield 0.00 %
  • ROCE -38.7 %
  • ROE -36.5 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.39 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.62% over past five years.
  • Company has a low return on equity of -9.78% over last 3 years.
  • Working capital days have increased from 48.0 days to 77.8 days

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
26.71 25.43 21.53 19.21 19.36 22.35 18.78 11.99 18.43 19.17 14.48 12.03 14.98
23.45 30.26 19.91 19.38 18.97 23.12 21.54 16.09 21.76 29.04 18.64 15.13 14.58
Operating Profit 3.26 -4.83 1.62 -0.17 0.39 -0.77 -2.76 -4.10 -3.33 -9.87 -4.16 -3.10 0.40
OPM % 12.21% -18.99% 7.52% -0.88% 2.01% -3.45% -14.70% -34.20% -18.07% -51.49% -28.73% -25.77% 2.67%
0.02 0.34 0.46 0.30 0.17 0.81 0.30 0.03 0.34 1.65 0.37 0.42 0.01
Interest 0.02 0.00 0.01 0.04 0.08 0.08 0.10 0.17 0.23 0.27 0.30 0.34 0.32
Depreciation 0.56 0.26 0.49 0.51 0.49 0.68 0.47 0.48 0.48 0.52 0.47 0.47 0.47
Profit before tax 2.70 -4.75 1.58 -0.42 -0.01 -0.72 -3.03 -4.72 -3.70 -9.01 -4.56 -3.49 -0.38
Tax % 27.78% -5.89% 26.58% 2.38% 500.00% 50.00% 0.00% 0.00% 0.00% 57.38% 0.22% -0.29% 0.00%
1.94 -5.03 1.15 -0.41 0.05 -0.37 -3.03 -4.72 -3.71 -3.84 -4.55 -3.50 -0.38
EPS in Rs 2.91 -7.54 1.72 -0.61 0.07 -0.55 -4.54 -7.08 -5.56 -5.76 -6.82 -5.25 -0.57
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
83 72 71 85 92 85 82 75 70 95 82 68 61
67 68 67 74 81 77 81 77 68 90 81 88 77
Operating Profit 16 4 4 11 11 8 1 -2 2 6 1 -20 -17
OPM % 20% 6% 6% 12% 12% 9% 2% -3% 3% 6% 1% -29% -28%
1 1 -2 0 1 1 1 4 0 0 2 2 2
Interest 0 0 0 0 0 0 0 1 1 0 0 1 1
Depreciation 1 1 1 1 1 1 1 1 1 2 2 2 2
Profit before tax 16 4 1 10 10 8 1 1 0 4 0 -20 -17
Tax % 30% 27% 37% 32% 38% 86% 47% -51% 67% 69% 2% 25%
11 3 1 7 6 1 0 1 0 1 0 -15 -12
EPS in Rs 16.33 4.38 0.84 10.21 9.75 1.63 0.73 1.54 0.21 1.80 0.64 -22.92 -18.40
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: -4%
3 Years: -1%
TTM: -15%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -4%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: 1%
5 Years: -5%
3 Years: -10%
Last Year: -37%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 22 25 25 32 39 40 40 41 41 42 43 28 20
1 0 0 0 0 0 0 7 6 0 5 12 13
19 14 17 18 16 15 16 12 11 18 18 10 8
Total Liabilities 49 46 49 57 62 62 63 66 64 67 72 56 48
7 7 7 8 8 11 11 10 18 17 15 14 13
CWIP 1 3 5 0 1 0 0 9 0 0 1 1 1
Investments 1 1 1 1 1 1 1 1 1 1 1 1 1
41 34 36 48 53 50 52 47 45 49 56 41 34
Total Assets 49 46 49 57 62 62 63 66 64 67 72 56 48

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
7 1 -3 2 1 6 -1 -4 2 12 -5 -11
-1 -4 -2 0 -1 -3 -0 -9 -0 0 -1 -0
-0 -1 -0 0 -0 -0 -0 6 -2 -6 5 6
Net Cash Flow 5 -4 -5 2 -0 3 -1 -7 -0 6 -1 -6

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 7 12 9 23 13 17 28 53 64 35 37 47
Inventory Days 44 67 54 83 75 137 231 241 245 313 496 372
Days Payable 52 44 57 44 37 62 65 131 120 179 252 125
Cash Conversion Cycle -1 35 6 61 50 92 195 162 189 168 281 294
Working Capital Days 40 50 -20 13 11 6 16 54 66 20 46 78
ROCE % 66% 14% 12% 28% 25% 17% 2% 3% 2% 8% 2% -39%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
66.31% 66.31% 66.31% 66.31% 66.31% 66.31% 66.31% 66.31% 66.31% 66.31% 66.31% 66.31%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
33.68% 33.68% 33.68% 33.68% 33.68% 33.68% 33.67% 33.67% 33.67% 33.67% 33.67% 33.67%
No. of Shareholders 3,5763,5753,5793,5723,5813,5833,5833,5833,5823,7065,5117,696

* 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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