Nuvoco Vistas Corporation Ltd

Nuvoco Vistas Corporation Ltd

₹ 334 -1.28%
02 May 10:44 a.m.
About

Nuvoco Vista Corporation Ltd (NVCL), is one of the largest cement companies and concrete manufacturers in India with a consolidated capacity of 22.32 MMTPA. It offers a diversified range of products such as cement, Ready-mix Concrete (RMX), and modern building materials i.e. adhesives, wall putty, dry plaster, cover blocks, and more.[1]

Key Points

Part of Nirma Group
NVCL is a part of The Nirma Group, which is a diversified conglomerate that manufactures products ranging from chemicals to detergents, soaps, healthcare products, and real estate development. The Nirma Group forayed into the cement business in 2014 through a greenfield cement plant in Nimbol. It has successfully been able to grow the cement business through a series of acquisitions including the acquisition of the Indian cement business of Lafarge Holcim in 2016 and in 2020 by acquiring NU Vista from the Emami Group. [1]

  • Market Cap 11,938 Cr.
  • Current Price 334
  • High / Low 399 / 291
  • Stock P/E 78.0
  • Book Value 256
  • Dividend Yield 0.00 %
  • ROCE 4.68 %
  • ROE 1.69 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 95.0% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 2.03% over last 3 years.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
1,959 1,623 1,623 1,752 2,345 2,122 2,043 2,097 2,321 2,265 2,185 1,996 2,493
1,586 1,285 1,378 1,585 2,061 1,874 1,898 1,898 2,092 2,016 1,950 1,725 2,148
Operating Profit 373 339 245 167 283 247 145 199 229 249 236 271 345
OPM % 19% 21% 15% 10% 12% 12% 7% 9% 10% 11% 11% 14% 14%
28 23 30 35 34 26 22 25 -213 29 28 34 28
Interest 113 109 102 96 94 80 88 94 92 92 97 91 88
Depreciation 156 146 164 162 179 169 176 175 176 177 151 161 155
Profit before tax 132 106 8 -56 44 24 -96 -46 -252 9 16 53 130
Tax % 75% 35% 26% 36% 62% 34% 31% 43% 166% 33% -96% 42% 35%
33 69 6 -36 17 16 -66 -26 167 6 32 30 84
EPS in Rs 1.05 2.19 0.16 -1.01 0.47 0.44 -1.86 -0.73 4.67 0.17 0.90 0.85 2.37
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,379 5,177 5,157 6,297 7,053 6,793 5,805 7,342 8,582 8,939
2,569 4,528 4,429 5,336 6,176 5,516 4,685 6,304 7,762 7,840
Operating Profit 810 649 728 962 877 1,277 1,120 1,039 820 1,100
OPM % 24% 13% 14% 15% 12% 19% 19% 14% 10% 12%
112 148 11 81 80 57 83 115 -140 120
Interest 89 144 231 425 452 419 517 401 353 368
Depreciation 176 366 313 392 485 528 587 652 696 644
Profit before tax 656 287 196 226 19 387 99 101 -370 208
Tax % 33% -74% 16% 30% 223% 36% 77% 45% 124% 26%
438 499 166 158 -24 249 23 55 90 153
EPS in Rs 9.60 10.94 3.63 10.54 -1.19 10.28 0.72 1.54 2.52 4.28
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 5%
3 Years: 15%
TTM: 4%
Compounded Profit Growth
10 Years: -10%
5 Years: 95%
3 Years: 93%
TTM: -53%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 3%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 2%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 456 456 150 150 200 242 315 357 357 357
Reserves 4,032 3,522 3,799 3,967 4,794 5,037 7,057 8,536 8,627 8,778
698 300 4,314 4,373 4,626 3,593 5,680 3,728 3,359 3,129
1,697 2,152 3,022 3,133 3,590 4,572 3,721 4,014 4,078 4,187
Total Liabilities 6,883 6,431 11,285 11,624 13,210 13,444 16,773 16,635 16,421 16,451
3,089 4,159 8,916 8,690 9,843 9,867 9,786 10,345 10,061 10,168
CWIP 712 247 143 144 605 647 961 144 305 205
Investments 1,683 0 412 844 456 0 2,581 2,457 2,271 3,501
1,399 2,026 1,814 1,946 2,306 2,930 3,445 3,689 3,783 2,577
Total Assets 6,883 6,431 11,285 11,624 13,210 13,444 16,773 16,635 16,421 16,451

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
922 951 1,028 1,386 835 1,023
-513 -602 -313 -3,799 -209 -135
-503 -383 -559 2,575 -981 -774
Net Cash Flow -94 -34 156 162 -355 115

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 26 32 31 24 26 27 24 23 26 28
Inventory Days 443 144 114 124 148 170 172 160 106 87
Days Payable 501 199 234 196 193 222 228 181 168 161
Cash Conversion Cycle -32 -23 -88 -48 -20 -24 -32 2 -36 -45
Working Capital Days 8 -17 -40 -42 -34 -33 -59 -35 -42 -41
ROCE % 9% 7% 5% 8% 6% 4% 2%

Shareholding Pattern

Numbers in percentages

8 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.03% 71.03% 71.42% 71.72% 71.78% 71.78% 71.78% 71.78% 71.78% 71.78% 72.02%
7.76% 7.28% 5.42% 3.65% 2.99% 3.08% 3.14% 2.76% 3.15% 3.05% 3.43%
15.90% 16.65% 18.05% 19.06% 19.67% 20.16% 20.44% 20.60% 19.96% 19.97% 18.59%
5.31% 5.04% 5.11% 5.57% 5.55% 4.97% 4.63% 4.87% 5.12% 5.19% 5.95%
No. of Shareholders 3,61,1903,05,6052,86,9542,80,6462,72,3072,62,4162,53,5462,47,5272,39,7322,30,8642,26,804

* 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.

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