Saurashtra Cement Ltd

Saurashtra Cement Ltd

₹ 117 3.64%
16 Apr - close price
About

Saurashtra Cement Limited is engaged in the business of manufacturing and selling of Cement. It markets cement under the brand name 'HATHI'. The Co is part of the Mehta Group which also has another Cement and Building materials company called Gujarat Sidhee Cement Limited. [1] [2]

Key Points

Products
SCL produces Ordinary Portland Cement(OPC) 53 Grade, Portland Pozzolana Cement and Portland Slag Cement & Clinker. [1]

  • Market Cap 1,295 Cr.
  • Current Price 117
  • High / Low 125 / 54.6
  • Stock P/E 25.1
  • Book Value 80.8
  • Dividend Yield 0.86 %
  • ROCE -1.97 %
  • ROE -2.40 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 3.52% over last 3 years.
  • Promoter holding has decreased over last 3 years: -6.17%

* 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

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
206 243 165 178 192 430 403 329 442 471 446 375 447
172 195 141 185 181 426 388 375 434 442 415 364 404
Operating Profit 34 48 24 -8 12 3 15 -47 8 30 31 11 43
OPM % 17% 20% 14% -4% 6% 1% 4% -14% 2% 6% 7% 3% 10%
3 4 3 3 3 5 3 3 4 3 -1 3 -11
Interest 1 2 1 1 2 2 2 3 3 2 2 2 2
Depreciation 5 5 6 6 6 8 9 10 10 10 10 10 10
Profit before tax 31 46 20 -11 7 -3 7 -57 -0 21 19 1 20
Tax % 33% 31% 36% 36% 40% 9% 32% 33% -534% 33% 35% -4% 37%
21 32 13 -7 4 -3 4 -38 -3 14 12 1 13
EPS in Rs 2.97 4.53 1.84 -1.02 0.59 -0.38 0.64 -5.40 -0.40 2.03 1.10 0.07 1.13
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
438 540 531 563 530 470 574 622 608 674 1,451 1,645 1,739
399 428 471 473 466 440 523 617 498 559 1,387 1,639 1,624
Operating Profit 40 113 60 90 64 30 50 5 110 115 64 7 115
OPM % 9% 21% 11% 16% 12% 6% 9% 1% 18% 17% 4% 0% 7%
6 171 3 38 23 10 17 11 -8 12 16 13 -6
Interest 45 33 16 13 5 4 3 5 5 4 9 9 8
Depreciation 22 34 26 35 13 15 18 18 20 20 33 39 40
Profit before tax -20 216 21 79 69 21 46 -7 77 102 37 -29 61
Tax % 0% 15% 0% 15% 36% 34% -34% 27% 27% 29% 38% 24%
-20 184 21 68 44 14 62 -5 57 72 23 -22 40
EPS in Rs -4.00 35.89 4.08 13.21 6.33 2.01 9.03 -0.71 8.13 10.35 3.29 -3.12 4.33
Dividend Payout % 0% 0% 0% 0% 14% 50% 11% 0% 22% 17% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 23%
3 Years: 39%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 232%
Stock Price CAGR
10 Years: 18%
5 Years: 19%
3 Years: 24%
1 Year: 113%
Return on Equity
10 Years: 7%
5 Years: 5%
3 Years: 4%
Last Year: -2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 51 51 51 51 60 69 69 69 70 70 111 111 111
Reserves -93 90 111 178 205 291 346 339 381 453 794 771 785
Preference Capital 7 7 7 7 0 0 0 0 0 0 0 0
128 177 119 12 19 17 17 32 31 22 104 66 73
369 116 131 162 129 174 142 157 182 181 388 409 396
Total Liabilities 455 435 411 404 413 552 574 597 664 726 1,396 1,357 1,365
219 207 189 178 201 317 334 349 351 345 813 831 825
CWIP 77 64 59 53 40 48 43 37 38 61 78 51 51
Investments 15 15 15 15 15 6 6 5 4 8 0 0 0
144 149 148 159 157 181 191 206 271 312 505 475 488
Total Assets 455 435 411 404 413 552 574 597 664 726 1,396 1,357 1,365

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
27 127 83 78 72 34 49 15 63 134 -8 21
-4 19 -2 18 -24 -25 -37 -16 -38 -121 -30 32
-24 -134 -82 -100 -65 -7 -12 3 -23 -17 31 -49
Net Cash Flow -1 11 -1 -4 -16 2 0 2 1 -4 -7 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 15 10 11 13 10 11 12 9 21 16 15 17
Inventory Days 531 501 260 748 305 848 690 703 524 451
Days Payable 422 273 159 441 174 737 640 569 346 269
Cash Conversion Cycle 124 238 112 320 142 122 62 143 21 194 15 200
Working Capital Days -233 -39 -64 -20 -23 -34 -24 -27 -15 -28 -6 -10
ROCE % 20% 42% 13% 23% 24% 8% 12% -1% 21% 21% 6% -2%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.16% 73.09% 72.93% 72.73% 72.65% 72.51% 72.50% 72.49% 72.46% 67.17% 67.14% 67.09%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.51% 0.00% 0.00% 0.00% 0.00% 0.00%
0.89% 0.74% 0.20% 0.20% 0.46% 0.46% 0.45% 0.30% 0.19% 0.12% 0.27% 0.37%
25.95% 26.17% 26.87% 27.06% 26.89% 27.03% 23.52% 27.20% 27.33% 32.71% 32.58% 32.55%
No. of Shareholders 12,32815,57016,43616,90216,53316,43516,08915,66515,37861,56859,01053,979

* 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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