Birla Corporation Ltd

₹ 1,471 1.42%

23 Apr - close price

birlacorporation.com BSE: 500335 NSE : BIRLACORPN

About

Birla corporation It is a company of M.P Birla Group. The Co is engaged in the manufacturing of cement of various kinds and also has a presence in the jute goods industry. ^[1]

Key Points

Product and Brand Offerings

The company manufactures different types of cement like OPC Cement, 43&53 grades, PPC cement, fly ash-based PPC, Low Alkali Portland Cement, and Portland Slag Cement, among other categories. It provides cement under the following classifications:
Popular Cement: Chetak, PSC & Samrat
Premium Cement: Unique, Ultimate, Ultimate Ultra, Perfect Plus & Samrat advanced
Institutional Cement: Concrecem & Multicem
Wall putty: MP Birla Perfect plus wall putty
Construction chemicals: IWP & SBR latex ^[1] ^[2] ^[3]^[4]

Website BSE NSE

Market Cap ₹ 11,329 Cr.
Current Price ₹ 1,471
High / Low ₹ 1,802 / 900
Stock P/E 62.7
Book Value ₹ 703
Dividend Yield 0.17 %
ROCE 2.87 %
ROE 1.27 %
Face Value ₹ 10.0

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Pros

Company has been maintaining a healthy dividend payout of 32.8%
Company's working capital requirements have reduced from 18.1 days to 13.5 days

Cons

The company has delivered a poor sales growth of 7.90% over past five years.
Company has a low return on equity of 4.87% 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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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	1,184	1,392	1,135	1,085	1,117	1,454	1,365	1,263	1,285	1,529	1,465	1,418	1,332
	1,030	1,204	968	973	1,035	1,327	1,273	1,262	1,210	1,430	1,346	1,288	1,187
Operating Profit	154	188	167	112	81	127	91	0	75	99	118	130	145
OPM %	13%	14%	15%	10%	7%	9%	7%	0%	6%	6%	8%	9%	11%
	48	24	10	16	17	19	-11	43	8	37	13	21	13
Interest	32	28	27	26	25	22	25	28	30	24	29	29	30
Depreciation	38	48	42	44	45	46	42	43	44	58	50	55	53
Profit before tax	132	135	107	59	28	79	13	-28	10	54	52	67	75
Tax %	33%	-68%	27%	29%	5%	28%	-4%	39%	27%	22%	22%	30%	31%
	89	228	78	42	26	57	14	-17	7	42	40	47	51
EPS in Rs	11.52	29.61	10.10	5.42	3.42	7.40	1.79	-2.22	0.91	5.42	5.26	6.12	6.66
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	2,287	2,603	3,016	3,210	3,268	3,345	3,720	4,424	4,747	4,442	4,791	5,441	5,743
	1,934	2,210	2,759	2,908	3,044	2,974	3,376	4,018	4,072	3,832	4,304	5,175	5,252
Operating Profit	352	393	257	302	224	372	344	406	675	610	487	266	492
OPM %	15%	15%	9%	9%	7%	11%	9%	9%	14%	14%	10%	5%	9%
	126	127	113	142	207	137	65	81	82	111	63	77	84
Interest	53	65	86	78	82	139	165	178	185	130	101	107	112
Depreciation	80	104	133	153	148	147	146	149	151	161	177	187	215
Profit before tax	346	351	152	213	201	223	98	160	421	430	272	48	248
Tax %	31%	23%	15%	18%	17%	4%	-18%	14%	25%	0%	26%	6%
	239	270	130	175	168	214	115	138	316	429	203	45	181
EPS in Rs	31.06	35.04	16.85	22.78	21.78	27.79	14.95	17.89	41.02	55.65	26.35	5.90	23.46
Dividend Payout %	19%	20%	36%	26%	28%	23%	43%	42%	18%	18%	38%	42%

Compounded Sales Growth
10 Years:	8%
5 Years:	8%
3 Years:	5%
TTM:	7%

Compounded Profit Growth
10 Years:	-12%
5 Years:	-11%
3 Years:	-41%
TTM:	62%

Stock Price CAGR
10 Years:	17%
5 Years:	24%
3 Years:	18%
1 Year:	62%

Return on Equity
10 Years:	5%
5 Years:	5%
3 Years:	5%
Last Year:	1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	77	77	77	77	77	77	77	77	77	77	77	77	77
Reserves	2,166	2,373	2,449	2,547	2,848	3,097	4,051	4,149	4,271	4,750	5,118	5,061	5,337
	1,135	1,226	1,401	1,302	1,281	1,951	1,881	1,854	1,670	1,283	1,234	1,033	991
	692	849	951	1,065	1,022	1,292	1,656	1,720	1,838	1,842	1,942	2,030	2,155
Total Liabilities	4,071	4,525	4,879	4,991	5,228	6,417	7,665	7,800	7,856	7,952	8,372	8,202	8,561
	1,348	1,733	1,865	1,923	2,028	2,011	3,051	3,086	3,065	3,078	3,335	3,459	3,406
CWIP	514	229	142	123	63	61	97	57	149	191	200	114	226
Investments	1,045	1,271	1,334	1,318	1,698	2,926	3,061	3,173	3,146	3,094	3,307	3,006	3,119
	1,164	1,293	1,538	1,628	1,438	1,419	1,456	1,484	1,496	1,589	1,531	1,623	1,809
Total Assets	4,071	4,525	4,879	4,991	5,228	6,417	7,665	7,800	7,856	7,952	8,372	8,202	8,561

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	244	196	362	278	248	460	420	440	737	671	491	210
	-251	-111	-344	-8	-11	-1,006	-130	-177	-387	-6	-186	176
	12	-62	-10	-265	-201	518	-283	-282	-379	-666	-268	-388
Net Cash Flow	6	24	8	6	36	-29	7	-19	-29	-1	37	-2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	6	11	9	10	11	10	16	16	14	16	17	15
Inventory Days	375	521	352	426	342	291	291	222	215	213	222	260
Days Payable	91	116	106	123	98	115	178	160	131	142	173	193
Cash Conversion Cycle	289	416	255	313	254	186	128	78	98	88	66	82
Working Capital Days	53	63	10	47	16	22	19	9	2	26	15	13
ROCE %	12%	11%	6%	6%	7%	8%	5%	5%	10%	9%	6%	3%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%
	3.96%	3.68%	3.72%	4.16%	4.34%	4.29%	4.49%	5.74%	7.18%	6.58%	6.45%	6.79%
	13.76%	15.35%	16.32%	16.29%	16.06%	15.71%	16.03%	16.37%	15.79%	16.00%	16.17%	15.60%
	19.39%	18.07%	17.06%	16.65%	16.70%	17.07%	16.57%	15.00%	14.15%	14.51%	14.48%	14.70%
No. of Shareholders	78,593	86,573	83,372	90,701	95,896	98,017	99,557	98,103	82,384	90,387	95,729	1,11,096

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%
	2.28%	2.62%	2.09%	4.17%	3.61%	4.16%	5.74%	6.79%
	17.10%	13.92%	15.98%	15.31%	13.77%	16.29%	16.37%	15.60%
	17.72%	20.56%	19.03%	17.63%	19.72%	16.65%	15.00%	14.70%
No. of Shareholders	26,958	42,925	45,323	46,471	69,660	90,701	98,103	1,11,096

* 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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Birla Corporation Ltd

Birla Corporation Ltd

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Quarterly Results

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Cash Flows

Ratios

Shareholding Pattern

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