Birla Corporation Ltd

Birla Corporation Ltd

₹ 1,223 1.94%
29 Sep 12:27 p.m.
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]

  • Market Cap 9,418 Cr.
  • Current Price 1,223
  • High / Low 1,340 / 843
  • Stock P/E 384
  • Book Value 777
  • Dividend Yield 0.21 %
  • ROCE 3.73 %
  • ROE 0.75 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 26.4%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.67% over past five years.
  • Company has a low return on equity of 6.81% 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
1,222 1,654 1,777 2,133 1,749 1,698 1,750 2,264 2,204 2,000 2,016 2,463 2,408
989 1,272 1,447 1,741 1,406 1,431 1,528 1,988 1,944 1,906 1,872 2,188 2,111
Operating Profit 233 383 330 392 344 267 222 277 259 94 144 274 298
OPM % 19% 23% 19% 18% 20% 16% 13% 12% 12% 5% 7% 11% 12%
19 21 46 -44 9 13 14 31 3 42 8 67 16
Interest 80 76 73 67 64 63 61 55 70 93 87 89 97
Depreciation 88 92 91 101 98 98 101 100 115 125 130 140 140
Profit before tax 85 236 212 180 191 119 75 153 77 -82 -64 113 76
Tax % 22% 29% 30% -39% 26% 28% 19% 27% 20% 32% 23% 25% 22%
66 167 148 249 142 86 60 111 62 -56 -50 85 60
EPS in Rs 8.54 21.64 19.27 32.38 18.38 11.11 7.85 14.42 8.04 -7.33 -6.48 11.03 7.75
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 4,348 5,730 6,549 6,916 6,785 7,461 8,682 8,887
1,934 2,209 2,759 2,908 2,982 3,724 4,922 5,600 5,569 5,434 6,351 7,898 8,076
Operating Profit 353 394 258 302 286 624 808 949 1,347 1,352 1,110 785 811
OPM % 15% 15% 9% 9% 9% 14% 14% 14% 19% 20% 15% 9% 9%
126 127 113 143 146 139 62 78 74 28 67 107 133
Interest 53 65 86 78 82 277 378 371 388 296 243 339 366
Depreciation 81 105 133 154 149 256 332 339 352 371 397 510 536
Profit before tax 346 351 152 213 201 230 160 317 682 713 538 43 42
Tax % 31% 23% 15% 18% 17% 5% 4% 19% 26% 12% 26% 6%
239 270 130 175 168 219 154 256 505 630 399 40 38
EPS in Rs 31.09 35.10 16.86 22.76 21.78 28.50 19.99 33.20 65.60 81.83 51.76 5.26 4.97
Dividend Payout % 19% 20% 36% 26% 28% 23% 33% 23% 11% 12% 19% 48%
Compounded Sales Growth
10 Years: 13%
5 Years: 9%
3 Years: 8%
TTM: 12%
Compounded Profit Growth
10 Years: -16%
5 Years: -23%
3 Years: -56%
TTM: -93%
Stock Price CAGR
10 Years: 19%
5 Years: 14%
3 Years: 21%
1 Year: 23%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 7%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
77 77 77 77 77 77 77 77 77 77 77 77
Reserves 2,169 2,376 2,452 2,550 2,848 3,209 4,203 4,418 4,729 5,409 5,972 5,904
1,135 1,226 1,401 1,302 1,281 4,255 4,130 4,049 4,282 4,146 4,326 4,462
693 850 952 1,066 1,023 2,157 2,664 2,787 3,087 3,268 3,488 3,646
Total Liabilities 4,075 4,529 4,882 4,995 5,229 9,698 11,075 11,332 12,175 12,901 13,863 14,089
1,354 1,738 1,870 1,928 2,033 6,362 7,368 7,263 7,325 7,323 7,577 9,843
CWIP 514 229 142 123 63 805 762 914 1,604 2,105 2,551 358
Investments 1,037 1,263 1,325 1,309 1,690 564 672 877 836 752 1,009 867
1,169 1,300 1,546 1,636 1,443 1,966 2,272 2,277 2,411 2,721 2,726 3,021
Total Assets 4,075 4,529 4,882 4,995 5,229 9,698 11,075 11,332 12,175 12,901 13,863 14,089

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
245 196 359 282 249 677 805 1,064 1,341 1,328 1,039 805
-252 -111 -341 -11 -11 -982 -234 -543 -1,184 -582 -775 -365
12 -62 -10 -265 -202 280 -555 -535 -201 -702 -270 -318
Net Cash Flow 6 23 8 6 36 -24 15 -14 -44 45 -6 122

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 11 12 15 13 15 15 14
Inventory Days 376 523 353 428 343 339 301 303 313 301 288 360
Days Payable 92 116 106 123 98 198 224 243 208 218 264 307
Cash Conversion Cycle 291 417 256 314 255 152 89 75 118 99 38 67
Working Capital Days 53 63 10 47 16 19 19 0 -5 24 21 23
ROCE % 12% 11% 6% 6% 7% 7% 7% 8% 12% 12% 8% 4%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
62.90% 62.90% 62.90% 62.90% 62.90% 62.90% 62.90% 62.90% 62.90% 62.90% 62.90% 62.90%
3.38% 3.80% 3.61% 3.96% 3.68% 3.72% 4.16% 4.34% 4.29% 4.49% 5.74% 7.18%
15.15% 13.59% 13.77% 13.76% 15.35% 16.32% 16.29% 16.06% 15.71% 16.03% 16.37% 15.79%
18.57% 19.72% 19.72% 19.39% 18.07% 17.06% 16.65% 16.70% 17.07% 16.57% 15.00% 14.15%
No. of Shareholders 64,12968,74169,66078,59386,57383,37290,70195,89698,01799,55798,10382,384

* 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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