Deccan Cements Ltd

Deccan Cements Ltd

₹ 616 1.37%
01 Mar 2:07 p.m.
About

Deccan Cements Ltd is a major producer of cement in south India from 1979 and began its commercial production in 1982 located at Bhavanipuram in Nalgonda District of Telangana. The brand is associated with the company's most familiar corporate Mascot 'Chamu'. [1]

Key Points

Product Segment
The company manufactures the regular grades of Cement, PPC and PSC cement.
Specialty cements produced include S53 for railway applications, SRC (Sulphate Resistant Cement), Low Heat Cement, Low Alkali Cement etc. [1]

  • Market Cap 863 Cr.
  • Current Price 616
  • High / Low 668 / 388
  • Stock P/E 19.6
  • Book Value 500
  • Dividend Yield 0.62 %
  • ROCE 9.00 %
  • ROE 7.42 %
  • Face Value 5.00

Pros

Cons

  • The company has delivered a poor sales growth of 6.51% over past five years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 8.24% of profits 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 - South India

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Quarterly Results

Figures in Rs. Crores

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
208 214 224 191 191 186 194 180 211 196 192 167 217
159 177 169 152 147 162 159 164 186 175 167 154 188
Operating Profit 49 37 55 39 43 24 35 17 25 21 25 14 29
OPM % 24% 17% 25% 20% 23% 13% 18% 9% 12% 10% 13% 8% 13%
2 3 3 2 3 -15 3 2 2 3 3 4 4
Interest 1 3 2 2 3 3 3 3 3 4 2 3 4
Depreciation 6 6 6 7 6 6 7 7 7 7 7 7 7
Profit before tax 44 31 49 31 37 -0 28 9 17 13 19 8 22
Tax % 25% 28% 26% 25% 26% 350% 25% 27% 26% 26% 26% 38% 30%
33 22 37 23 27 0 21 7 12 10 14 5 15
EPS in Rs 23.62 15.76 26.29 16.66 19.43 0.14 14.76 4.69 8.68 7.07 10.09 3.38 10.99
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
510 573 441 407 625 496 570 651 555 758 792 782 772
394 509 383 343 511 396 484 556 477 582 630 684 684
Operating Profit 115 65 57 64 115 100 86 95 79 176 162 97 88
OPM % 23% 11% 13% 16% 18% 20% 15% 15% 14% 23% 20% 12% 11%
3 3 2 3 1 2 3 10 -0 10 -8 9 14
Interest 41 31 27 27 15 7 6 8 7 8 10 13 13
Depreciation 25 25 24 19 20 22 23 22 21 23 26 27 27
Profit before tax 54 12 7 21 81 74 61 75 51 155 117 67 62
Tax % 11% 41% 33% 6% 43% 36% 37% 39% -12% 26% 25% 26%
48 7 5 20 46 47 39 46 57 115 88 49 44
EPS in Rs 34.11 5.22 3.59 14.20 32.54 33.48 27.52 32.88 40.44 82.19 62.52 35.20 31.53
Dividend Payout % 4% 19% 17% 9% 8% 9% 11% 11% 10% 6% 8% 11%
Compounded Sales Growth
10 Years: 3%
5 Years: 7%
3 Years: 12%
TTM: 0%
Compounded Profit Growth
10 Years: 21%
5 Years: 5%
3 Years: -8%
TTM: -23%
Stock Price CAGR
10 Years: 23%
5 Years: 9%
3 Years: 13%
1 Year: 34%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 15%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

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 7 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 212 218 223 238 279 325 358 399 443 558 639 680 694
259 238 239 191 79 70 33 54 106 104 166 265 454
135 113 119 114 127 132 161 161 155 193 173 202 202
Total Liabilities 613 576 588 550 493 535 560 621 710 861 985 1,155 1,358
405 396 373 356 342 377 363 354 378 446 453 440 429
CWIP 35 35 35 33 34 0 4 9 62 12 21 241 385
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
173 145 180 161 116 157 192 258 271 404 511 474 544
Total Assets 613 576 588 550 493 535 560 621 710 861 985 1,155 1,358

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
92 43 66 67 140 61 71 58 43 197 84 55
-2 -14 -0 -2 -7 -27 -12 -14 -90 -45 -92 -219
-79 -46 -63 -82 -125 -15 -36 10 32 -9 45 80
Net Cash Flow 11 -17 2 -17 9 19 23 55 -15 143 38 -85

Ratios

Figures in Rs. Crores

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 9 6 22 27 5 8 9 9 31 12 11 13
Inventory Days 446 654 935 712 397 464 364 374 493 341 349 601
Days Payable 416 310 164 152 150 25 16 27 169 218 132 291
Cash Conversion Cycle 40 350 793 587 251 446 357 356 355 135 227 323
Working Capital Days 12 24 54 53 17 30 26 25 15 -9 5 18
ROCE % 20% 9% 7% 11% 24% 21% 17% 19% 13% 27% 20% 9%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
56.24% 56.24% 56.24% 56.24% 56.24% 56.24% 56.25% 56.24% 56.24% 56.24% 56.24% 56.24%
2.89% 3.60% 6.26% 7.63% 7.72% 8.14% 8.50% 8.97% 9.28% 9.40% 9.24% 10.07%
2.21% 0.07% 0.40% 0.40% 0.40% 0.44% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49%
38.65% 40.09% 37.09% 35.73% 35.63% 35.18% 34.77% 34.30% 33.99% 33.87% 34.01% 33.19%
No. of Shareholders 14,18417,16121,33520,46319,37318,74018,41717,60517,04616,44915,80714,876

* 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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