Anjani Portland Cement Ltd

About

Anjani Portland Cement is a manufacturer of high quality premium cement.

  • Market Cap 1,008 Cr.
  • Current Price 399
  • High / Low 532 / 182
  • Stock P/E 11.3
  • Book Value 137
  • Dividend Yield 1.25 %
  • ROCE 32.7 %
  • ROE 27.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 33.85% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 24.51%

Cons

  • The company has delivered a poor sales growth of 8.31% over past five years.

Peer comparison

Sector: Cement Industry: Cement - South India

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
105 110 120 123 91 93 102 80 92 104 130 122
95 101 97 93 73 79 84 56 65 75 96 84
Operating Profit 10 9 23 29 19 14 18 24 28 30 34 38
OPM % 10% 8% 19% 24% 21% 15% 17% 30% 30% 28% 26% 31%
Other Income 0 0 0 1 1 1 1 1 2 2 2 0
Interest 0 0 0 0 0 0 0 0 0 0 0 2
Depreciation 5 5 5 5 5 5 5 5 5 5 5 5
Profit before tax 5 4 19 26 14 10 13 20 24 26 31 31
Tax % 36% 36% 38% 36% 34% 36% 40% 6% 15% 18% 22% 26%
Net Profit 3 2 12 17 9 6 8 19 21 21 24 23
EPS in Rs 1.28 0.94 4.55 6.56 3.73 2.48 3.18 7.57 8.14 8.34 9.56 9.12

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
119 164 278 267 254 237 273 310 360 437 409 407 449
93 128 212 214 233 185 191 228 301 381 329 292 320
Operating Profit 26 36 65 53 22 52 82 82 59 56 80 115 129
OPM % 22% 22% 24% 20% 8% 22% 30% 27% 17% 13% 20% 28% 29%
Other Income 4 4 0 1 2 0 1 2 1 1 4 7 6
Interest 5 26 34 35 36 28 16 9 6 2 0 1 3
Depreciation 4 13 14 14 15 11 23 17 19 19 20 20 20
Profit before tax 21 1 18 5 -27 14 44 57 36 37 64 102 112
Tax % 44% 56% 13% 33% 29% -20% 55% 22% 34% 37% 37% 16%
Net Profit 12 1 16 3 -19 17 20 45 23 23 40 85 89
EPS in Rs 4.62 0.23 6.25 1.22 -7.65 6.60 7.82 17.75 9.27 9.16 15.96 33.61 35.16
Dividend Payout % 16% 258% 14% 0% 0% 0% 0% 11% 22% 27% 31% 15%
Compounded Sales Growth
10 Years:10%
5 Years:8%
3 Years:4%
TTM:23%
Compounded Profit Growth
10 Years:65%
5 Years:34%
3 Years:54%
TTM:107%
Stock Price CAGR
10 Years:32%
5 Years:17%
3 Years:49%
1 Year:97%
Return on Equity
10 Years:16%
5 Years:19%
3 Years:19%
Last Year:27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
18 18 18 18 18 18 18 25 25 25 25 25
Reserves 47 46 59 62 43 59 69 179 199 216 249 321
Borrowings 199 242 235 238 182 189 119 67 36 0 2 3
27 39 55 63 85 47 71 88 99 117 116 117
Total Liabilities 292 346 368 382 329 314 278 359 360 358 392 466
218 234 229 231 214 204 193 261 259 230 221 202
CWIP 0 0 9 0 0 1 14 6 3 6 0 1
Investments 16 16 16 19 0 0 0 0 0 0 0 0
57 94 113 132 115 109 71 92 98 123 171 263
Total Assets 292 346 368 382 329 314 278 359 360 358 392 466

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
5 12 59 44 74 9 122 52 66 52 53 138
-148 -30 -17 -9 19 -3 -35 -60 -19 -6 -55 -118
144 17 -41 -34 -92 -8 -86 10 -42 -44 -9 -14
Net Cash Flow 0 -0 1 1 1 -2 1 2 4 2 -10 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 34 33 28 32 22 24 16 21 24 29 38 14
Inventory Days 213 326 702 241 451 192 395 303 145 147 140
Days Payable 256 201 337 300 84 70 221 226 131 111 118
Cash Conversion Cycle -8 33 153 397 -36 390 137 195 101 43 74 37
Working Capital Days 112 118 84 107 39 102 9 28 21 5 20 -18
ROCE % 14% 10% 17% 12% 3% 17% 25% 28% 16% 15% 25% 33%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.08 0.75
0.13 0.13 0.13 0.13 0.14 0.13 0.13 0.13 0.13 0.13 0.13 0.13
24.87 24.87 24.87 24.87 24.86 24.87 24.87 24.87 24.87 24.85 24.79 24.12

Documents