Andhra Cements Ltd

Andhra Cements Ltd

₹ 97.2 -2.54%
19 Jun 10:30 a.m.
About

Company is in business of cement production and is part Jaypee Group. Company is having 2 manufacturing Plants situated in Andhra Pradesh. [1]
Plant operations of the Company are
at halt due to shortage of working capital and consequential attachment of stocks and bank accounts of the Company by the GST authorities and Power disconnection by the concerned Electricity Board. [2]

Key Points

Decline in Revenue from Operation in FY 21
Revenue from operation i.e. via sales of products reduced from ₹ 142.92 Lakhs to ₹ 10.27 Lakhs due to non-operation of Company plants.[1]

  • Market Cap 896 Cr.
  • Current Price 97.2
  • High / Low 139 / 76.0
  • Stock P/E
  • Book Value 32.2
  • Dividend Yield 0.00 %
  • ROCE -6.33 %
  • ROE -27.0 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.10 times its book value
  • Company has low interest coverage ratio.
  • Promoters have pledged 26.4% of their holding.

* 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

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
0 0 0 0 0 0 0 0 0 13 65 98 92
7 6 8 6 11 4 4 5 13 24 57 93 96
Operating Profit -7 -6 -8 -6 -11 -4 -4 -5 -13 -11 8 5 -5
OPM % -83% 12% 5% -5%
0 0 0 0 -1 0 0 -0 972 0 15 0 7
Interest 26 39 38 37 45 41 43 41 -110 14 19 20 18
Depreciation 12 12 12 12 12 12 12 12 12 13 13 16 15
Profit before tax -44 -56 -58 -55 -68 -57 -58 -57 1,056 -38 -9 -31 -30
Tax % 0% 0% 0% 0% 0% 0% 0% 0% -6% 34% 89% 31% 37%
-44 -56 -58 -55 -68 -57 -58 -57 1,122 -25 -1 -21 -19
EPS in Rs -1.52 -1.90 -1.96 -1.86 -2.33 -1.93 -1.98 -1.96 121.73 -2.68 -0.11 -2.30 -2.04
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 278 292 349 466 321 143 0 0 0 268
32 15 253 258 310 411 308 151 29 31 25 271
Operating Profit -32 -15 25 34 39 55 13 -8 -29 -31 -25 -3
OPM % 9% 12% 11% 12% 4% -5% -29,240% -1%
5 3 -36 3 2 45 -38 1 1 -1 972 23
Interest 6 8 62 74 105 127 108 122 130 158 16 71
Depreciation 1 2 25 30 40 45 47 48 48 47 47 56
Profit before tax -34 -22 -99 -67 -104 -72 -181 -177 -205 -236 884 -107
Tax % 39% -253% 0% 1% 1% 1% 0% 5% 0% 0% -7% 39%
-21 -78 -99 -67 -103 -71 -180 -168 -205 -236 950 -66
EPS in Rs -0.70 -2.66 -3.37 -2.28 -3.51 -2.42 -6.14 -5.73 -6.99 -8.05 103.03 -7.12
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -4%
3 Years: 1289%
TTM: %
Compounded Profit Growth
10 Years: -1%
5 Years: 7%
3 Years: 16%
TTM: -310%
Stock Price CAGR
10 Years: 25%
5 Years: 90%
3 Years: 80%
1 Year: 2%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -27%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 294 294 294 294 294 294 294 294 294 294 92 92
Reserves 39 -46 -151 -255 -358 -428 -608 -774 -974 -1,210 263 205
604 730 864 903 927 937 960 961 963 970 525 675
181 261 364 313 386 420 410 522 656 817 36 110
Total Liabilities 1,117 1,239 1,370 1,253 1,249 1,222 1,054 1,003 940 871 917 1,082
66 64 845 818 777 1,007 973 926 878 832 738 815
CWIP 792 981 265 286 302 30 1 1 1 0 26 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
259 194 259 150 170 185 80 76 60 39 152 267
Total Assets 1,117 1,239 1,370 1,253 1,249 1,222 1,054 1,003 940 871 917 1,082

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-107 61 151 43 55 93 22 117 119 151 -1 -27
-182 -192 -207 -17 -3 42 1 0 3 1 -35 -96
210 121 62 -34 -55 -119 -45 -118 -122 -152 80 90
Net Cash Flow -79 -10 6 -8 -2 16 -22 -0 -0 0 44 -33

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 61 39 28 21 22 51 27,996 52
Inventory Days 439 202 233 211 141 405 63,551 14,368 965
Days Payable 1,378 791 1,280 1,064 1,075 4,109 771,651 3,208 1,172
Cash Conversion Cycle -878 -550 -1,019 -832 -912 -3,653 -680,104 -155
Working Capital Days -316 -277 -276 -238 -584 -1,703 -2,226,756 22
ROCE % -3% -1% 1% 0% 2% -4% -10% -20% -45% -15% -6%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.79% 68.79% 68.79% 68.79% 68.78% 68.73% 68.73% 68.73% 95.00% 95.00% 95.00% 90.00%
2.52% 2.82% 2.53% 2.52% 2.52% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
11.28% 12.60% 10.46% 9.88% 9.42% 0.07% 0.07% 0.07% 0.01% 0.34% 0.34% 0.34%
0.00% 0.00% 0.00% 0.00% 0.00% 9.33% 9.30% 8.99% 0.00% 0.00% 0.00% 0.00%
17.41% 15.78% 18.21% 18.81% 19.28% 21.87% 21.89% 22.21% 4.98% 4.66% 4.66% 9.66%
No. of Shareholders 74,15079,45691,68197,32199,68198,98297,77697,14894,22290,11587,47590,718

* 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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