Birla Corporation Ltd

About [ edit ]

Birla Corporation is primarily engaged in the manufacturing of cement as its core business activity.(Source : 202003-01 Annual Report Page No:53)

  • Market Cap 6,656 Cr.
  • Current Price 864
  • High / Low 932 / 372
  • Stock P/E 11.6
  • Book Value 651
  • Dividend Yield 0.87 %
  • ROCE 12.2 %
  • ROE 11.0 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 31.78% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 22.18%

Cons

  • Company has a low return on equity of 7.19% for last 3 years.

Peer comparison

Sector: Cement Industry: Cement - North India

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,651 1,655 1,465 1,557 1,873 1,884 1,627 1,715 1,690 1,222 1,654 1,777
1,393 1,408 1,279 1,350 1,563 1,499 1,315 1,420 1,345 989 1,272 1,447
Operating Profit 258 246 186 207 310 385 312 295 345 233 383 330
OPM % 16% 15% 13% 13% 17% 20% 19% 17% 20% 19% 23% 19%
Other Income 32 23 20 11 24 17 20 20 28 19 21 46
Interest 89 95 94 92 90 96 103 98 91 80 76 73
Depreciation 84 86 87 84 83 86 88 88 89 88 92 91
Profit before tax 118 89 25 42 161 219 141 129 192 85 236 212
Tax % -11% 5% 36% 35% 21% 36% 37% 37% -1% 22% 29% 30%
Net Profit 131 84 16 27 128 141 88 81 195 66 167 148
EPS in Rs 17.03 10.89 2.12 3.55 16.65 18.26 11.47 10.58 25.29 8.54 21.64 19.27
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,788 2,155 2,154 2,287 2,603 3,016 3,210 3,268 4,348 5,730 6,549 6,916 6,343
1,364 1,451 1,705 1,934 2,209 2,786 2,921 3,032 3,731 4,924 5,600 5,571 5,053
Operating Profit 424 704 449 353 394 230 289 236 617 806 949 1,344 1,290
OPM % 24% 33% 21% 15% 15% 8% 9% 7% 14% 14% 14% 19% 20%
Other Income 79 140 107 126 128 141 156 196 146 64 78 77 114
Interest 22 27 53 53 65 86 78 82 277 378 371 388 320
Depreciation 44 56 65 81 105 133 154 149 256 332 339 352 360
Profit before tax 436 761 438 346 351 152 213 201 230 160 317 682 725
Tax % 26% 27% 27% 31% 23% 15% 18% 17% 5% 4% 19% 26%
Net Profit 324 557 320 239 270 130 175 168 219 154 256 505 576
EPS in Rs 42.02 72.37 41.58 31.09 35.10 16.86 22.76 21.78 28.50 19.99 33.20 65.60 74.74
Dividend Payout % 11% 8% 14% 19% 20% 36% 26% 28% 23% 33% 23% 11%
Compounded Sales Growth
10 Years:12%
5 Years:17%
3 Years:17%
TTM:-11%
Compounded Profit Growth
10 Years:-0%
5 Years:32%
3 Years:45%
TTM:31%
Stock Price CAGR
10 Years:11%
5 Years:20%
3 Years:-1%
1 Year:23%
Return on Equity
10 Years:8%
5 Years:7%
3 Years:7%
Last Year:11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
77 77 77 77 77 77 77 77 77 77 77 77 77
Reserves 1,212 1,716 1,983 2,169 2,376 2,452 2,550 2,848 3,209 4,203 4,418 4,729 4,939
Borrowings 276 709 945 1,135 1,226 1,401 1,302 1,281 4,255 4,130 4,049 4,295 3,473
474 510 601 693 850 952 1,066 1,023 2,157 2,664 2,787 3,074 3,814
Total Liabilities 2,040 3,012 3,606 4,075 4,529 4,882 4,995 5,229 9,698 11,075 11,332 12,175 12,304
667 705 981 1,354 1,738 1,870 1,928 2,033 6,362 7,368 7,263 7,325 7,199
CWIP 144 330 459 514 229 142 123 63 805 762 914 1,604 1,868
Investments 544 1,134 1,162 1,037 1,263 1,325 1,309 1,690 564 672 877 836 649
684 843 1,003 1,169 1,300 1,546 1,636 1,443 1,966 2,272 2,277 2,411 2,588
Total Assets 2,040 3,012 3,606 4,075 4,529 4,882 4,995 5,229 9,698 11,075 11,332 12,175 12,304

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
419 513 249 245 196 359 282 249 677 805 1,064 1,341
-75 -841 -434 -252 -111 -341 -11 -11 -982 -234 -543 -1,184
-55 349 188 12 -62 -10 -265 -202 280 -555 -535 -201
Net Cash Flow 288 20 3 6 23 8 6 36 -24 15 -14 -44

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 30% 37% 17% 12% 11% 6% 6% 7% 7% 7% 8% 12%
Debtor Days 4 4 7 6 11 9 10 11 11 12 15 13
Inventory Turnover 3.08 2.67 2.53 2.42 2.06 2.39 2.51 2.46 2.75 3.24 3.30 2.93

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
62.90 62.90 62.90 62.90 62.90 62.90 62.90 62.90 62.90 62.90 62.90 62.90
2.62 2.51 1.98 1.97 2.09 2.54 2.61 3.85 4.17 3.62 3.38 3.80
13.92 14.64 15.59 15.88 15.98 15.03 16.45 15.50 15.31 14.61 15.15 13.59
20.56 19.95 19.53 19.25 19.03 19.53 18.05 17.76 17.63 18.87 18.57 19.72

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