Saurashtra Cement Ltd

About [ edit ]

Saurashtra Cement Ltd is engaged in the business of manufacturing and selling of Cement.

  • Market Cap 459 Cr.
  • Current Price 65.8
  • High / Low 70.1 / 29.8
  • Stock P/E 8.06
  • Book Value 67.9
  • Dividend Yield 2.66 %
  • ROCE 21.3 %
  • ROE 16.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.97 times its book value

Cons

  • The company has delivered a poor sales growth of 1.57% over past five years.
  • Company has a low return on equity of 10.09% for last 3 years.
  • Promoters have pledged 37.84% of their holding.

Peer comparison

Sector: Cement Industry: Cement - North India

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
168 134 158 160 151 128 152 177 97 127 206
158 134 158 166 127 104 122 146 83 108 172
Operating Profit 10 -0 0 -6 24 24 30 31 14 18 34
OPM % 6% -0% 0% -3% 16% 19% 20% 18% 15% 14% 17%
Other Income 2 1 5 4 2 1 2 -13 3 3 3
Interest 1 1 1 1 1 1 1 1 1 1 1
Depreciation 4 4 5 5 5 4 5 6 5 5 5
Profit before tax 6 -5 -0 -8 20 21 26 11 11 15 31
Tax % 23% 26% -200% 32% 20% 26% 27% 39% 26% 22% 32%
Net Profit 5 -4 -1 -5 16 15 19 7 8 12 21
EPS in Rs 0.71 -0.54 -0.10 -0.79 2.25 2.21 2.72 0.95 1.19 1.69 2.97

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
713 574 391 438 540 531 563 530 470 574 622 608 607
681 487 373 399 428 471 473 467 440 523 617 499 510
Operating Profit 32 87 18 39 113 60 89 63 30 50 5 110 98
OPM % 4% 15% 5% 9% 21% 11% 16% 12% 6% 9% 1% 18% 16%
Other Income 0 30 6 7 171 3 38 23 10 17 12 -8 -5
Interest 59 56 43 45 33 16 13 5 4 3 5 4 4
Depreciation 27 30 24 22 34 26 35 13 15 18 18 20 21
Profit before tax -54 32 -42 -20 216 21 79 69 21 46 -7 77 68
Tax % 11% 28% -36% 0% 15% 0% 15% 36% 34% -34% 27% 27%
Net Profit -48 23 -57 -20 184 21 68 44 14 62 -5 57 47
EPS in Rs -9.31 4.52 -11.15 -4.00 35.89 4.08 13.21 6.33 2.01 9.03 -0.71 8.13 6.80
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 14% 50% 11% 0% 22%
Compounded Sales Growth
10 Years:1%
5 Years:2%
3 Years:9%
TTM:3%
Compounded Profit Growth
10 Years:14%
5 Years:9%
3 Years:69%
TTM:28%
Stock Price CAGR
10 Years:12%
5 Years:1%
3 Years:-3%
1 Year:117%
Return on Equity
10 Years:%
5 Years:10%
3 Years:10%
Last Year:16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
58 58 58 58 58 58 58 60 69 69 69 70 70
Reserves -32 -11 -71 -93 90 111 178 205 291 346 339 381 405
Borrowings 337 258 165 128 177 119 12 19 17 17 32 31 13
185 211 327 369 116 131 162 129 174 142 157 182 173
Total Liabilities 542 509 473 455 435 411 404 413 552 574 597 664 661
160 263 241 219 207 189 178 201 317 334 349 351 349
CWIP 210 83 76 77 64 59 53 40 48 43 37 38 51
Investments 8 15 15 15 15 15 15 15 6 6 5 4 6
164 149 141 144 149 148 159 157 181 191 206 271 255
Total Assets 542 509 473 455 435 411 404 413 552 574 597 664 661

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-15 134 32 27 127 83 78 72 34 49 15 62
-75 -4 -2 -4 19 -2 18 -24 -25 -37 -16 -38
-32 -129 -31 -24 -134 -82 -100 -65 -7 -12 3 -23
Net Cash Flow -122 1 -1 -1 11 -1 -4 -16 2 0 2 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 9% 24% 0% 20% 42% 13% 23% 24% 8% 12% -1% 21%
Debtor Days 8 12 23 15 10 11 13 10 11 12 9 21
Inventory Turnover 10.27 6.85 4.29 3.95 3.29 3.78 2.87 2.82 2.89 3.29 3.74 1.89

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
73.83 73.83 73.83 73.68 73.65 73.52 73.52 73.48 73.43 73.36 73.16 73.16
0.07 0.09 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.90 0.89 0.90 0.89 0.89 0.89 0.90 0.89 0.89 0.89 0.89 0.89
25.20 25.19 25.20 25.43 25.46 25.59 25.58 25.63 25.68 25.76 25.95 25.95

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