Birla Corporation Ltd

₹ 1,223 1.94%

29 Sep 12:27 p.m.

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 ₹ 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

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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
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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 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 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	64,129	68,741	69,660	78,593	86,573	83,372	90,701	95,896	98,017	99,557	98,103	82,384

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Jun 2023
	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%	7.18%
	17.10%	13.92%	15.98%	15.31%	13.77%	16.29%	16.37%	15.79%
	17.72%	20.56%	19.03%	17.63%	19.72%	16.65%	15.00%	14.15%
No. of Shareholders	26,958	42,925	45,323	46,471	69,660	90,701	98,103	82,384

* 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.

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Birla Corporation Ltd

Birla Corporation Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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