Udaipur Cement Works Ltd

Udaipur Cement Works Ltd

₹ 37.0 0.98%
19 Apr - close price
About

Udaipur Cement Works Limited (UCWL), incorporated on 15th March 1993, has its registered office at Jaipur, Rajasthan. The company presently is a subsidiary of Indian Cement Manufacturing Company, JK Lakshmi Cement Limited, which is part of reputed business conglomerate JK Organisation (JKO) that has rich business legacy of more than 135 years. UCWL manufactures cement under the brand name-Platinum Heavy Duty Cement. [1]

Key Points

Products
UCWL has products in the cement category. They sell with the brand name ‘Platinum Heavy Duty Cement’. [1]

  • Market Cap 2,077 Cr.
  • Current Price 37.0
  • High / Low 44.4 / 21.6
  • Stock P/E 39.9
  • Book Value 14.7
  • Dividend Yield 0.00 %
  • ROCE 7.15 %
  • ROE 11.1 %
  • Face Value 4.00

Pros

  • Company has delivered good profit growth of 22.6% CAGR over last 5 years

Cons

  • Stock is trading at 2.51 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost

* 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

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
183 219 216 197 208 254 278 220 238 295 246 269 300
147 174 175 166 180 207 238 196 213 250 219 231 240
Operating Profit 36 45 42 32 28 48 40 24 25 44 28 38 60
OPM % 20% 21% 19% 16% 13% 19% 14% 11% 11% 15% 11% 14% 20%
1 -6 1 2 1 -3 0 0 0 0 0 0 10
Interest 13 11 12 13 13 12 12 12 12 12 12 12 19
Depreciation 8 8 8 9 9 9 9 9 9 9 9 10 15
Profit before tax 16 20 23 12 7 23 19 3 4 24 6 17 35
Tax % 0% -12% 25% 17% 27% 28% 28% 34% 25% 29% 33% 29% 27%
16 22 17 10 5 16 14 2 3 17 4 12 25
EPS in Rs 0.28 0.39 0.30 0.18 0.10 0.29 0.24 0.04 0.06 0.30 0.08 0.22 0.45
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 0 27 92 88 85 376 579 686 735 876 1,031 1,110
0 8 28 90 87 82 355 539 561 586 727 897 940
Operating Profit -0 -8 -1 3 1 3 21 40 125 149 149 134 170
OPM % -4% 3% 1% 4% 6% 7% 18% 20% 17% 13% 15%
0 7 8 2 3 4 3 5 1 -4 2 1 10
Interest 0 0 0 4 2 0 67 69 65 54 50 48 55
Depreciation 0 11 4 3 6 5 30 34 34 33 35 37 43
Profit before tax -0 -13 2 -2 -4 3 -73 -58 27 57 65 50 82
Tax % 0% 0% 0% 561% 294% 0% 41% 29% 43% 4% 25% 29%
-0 -13 2 10 8 3 -43 -41 16 55 49 36 59
EPS in Rs -0.70 0.04 0.19 0.15 0.05 -0.82 -0.73 0.28 0.98 0.87 0.64 1.05
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 15%
TTM: 12%
Compounded Profit Growth
10 Years: 16%
5 Years: 23%
3 Years: 32%
TTM: 38%
Stock Price CAGR
10 Years: 19%
5 Years: 27%
3 Years: 29%
1 Year: 69%
Return on Equity
10 Years: 4%
5 Years: 10%
3 Years: 18%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 63 40 118 118 118 118 118 125 125 125 125 125 224
Reserves -230 -31 -65 -89 94 104 49 43 59 122 170 221 602
Preference Capital 51 5 5 65 0 0 92 29 34 28 39 38
120 0 50 50 350 525 517 538 533 542 902 1,108 1,295
118 32 32 104 46 130 206 176 201 186 232 342 302
Total Liabilities 71 41 135 183 609 877 890 883 917 975 1,429 1,795 2,423
44 21 53 49 156 664 766 740 707 681 726 711 726
CWIP 0 4 17 93 350 102 0 0 6 46 130 816 1,099
Investments 0 0 0 0 9 0 0 0 25 93 87 0 0
27 16 65 40 94 112 125 143 179 155 486 268 598
Total Assets 71 41 135 183 609 877 890 883 917 975 1,429 1,795 2,423

Cash Flows

Figures in Rs. Crores

Mar 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0 4 5 13 -5 54 24 66 113 187 143 99
0 -8 -49 -84 -277 -250 -30 -7 -34 -114 -244 -500
0 9 91 22 299 176 7 -60 -78 -62 322 171
Net Cash Flow 0 5 47 -49 17 -20 1 -1 0 11 221 -230

Ratios

Figures in Rs. Crores

Mar 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 16 1 3 4 4 2 4 0 2 2
Inventory Days 108 24 37 259 163 80 84 61 100 138
Days Payable 108 113 30 75 47 65 51 64 75 73
Cash Conversion Cycle 16 -88 9 188 120 17 37 -3 27 68
Working Capital Days -131 -96 -70 44 -84 -108 -142 -30 -21 -27
ROCE % -3% -171% -8% 0% -1% -0% -1% 1% 12% 15% 11% 7%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.54% 72.54% 72.54% 72.54% 72.54% 72.54% 72.54% 72.54% 72.54% 75.00% 75.00% 75.00%
0.09% 0.09% 0.09% 0.15% 0.13% 0.12% 0.16% 0.12% 0.09% 0.10% 0.09% 0.09%
0.23% 0.18% 0.18% 0.10% 0.10% 0.10% 0.10% 0.10% 0.11% 0.06% 0.06% 0.04%
27.14% 27.19% 27.19% 27.21% 27.23% 27.24% 27.20% 27.24% 27.26% 24.84% 24.85% 24.87%
No. of Shareholders 40,66173,82179,59878,76877,67677,59375,41873,63976,18983,67885,77789,353

* 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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