Gujarat Sidhee Cement Ltd

Guj. Sidhee Cem. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gujarat Sidhee Cement Ltd

₹ 33.1 -0.45%
20 Apr 2023
gujaratsidheecementlimited.com; www.mehtagroup.com BSE: 518029
About

Gujarat Sidhee Cement Ltd is engaged in the business of cement under the brand name 'Sidhee'.
It was incorporated in 1973, as a wholly owned subsidiary of Gujarat Industrial Investment Corporation and was later joined by Mehta Group.[1]

Key Points

Products
The company manufactures and markets clinker & cement. The range of Sidhee Cement includes:
Portland Pozzolana Cement (PPC),
Ordinary Portland Cement (OPC 43 grade 53 grade). [1]

Website BSE
  • Market Cap ₹ 296 Cr.
  • Current Price ₹ 33.1
  • High / Low ₹ /
  • Stock P/E
  • Book Value ₹ 52.2
  • Dividend Yield 0.00 %
  • ROCE 6.94 %
  • ROE 4.33 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Stock is trading at 0.63 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.1% over past five years.
  • Company has a low return on equity of 7.26% over last 3 years.
  • Earnings include an other income of Rs.5.28 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
150.39 165.48 89.59 127.65 154.04 194.41 155.93 166.35 178.17 202.99 188.39 142.20 223.06
138.04 139.15 80.47 116.73 152.43 160.56 135.40 166.03 167.14 196.29 177.89 162.22 215.05
Operating Profit 12.35 26.33 9.12 10.92 1.61 33.85 20.53 0.32 11.03 6.70 10.50 -20.02 8.01
OPM % 8.21% 15.91% 10.18% 8.55% 1.05% 17.41% 13.17% 0.19% 6.19% 3.30% 5.57% -14.08% 3.59%
1.31 1.33 2.05 1.45 2.54 2.71 1.10 2.91 1.03 1.99 1.11 1.10 1.08
Interest 1.92 1.78 1.23 1.20 1.34 1.25 1.26 0.90 1.26 0.88 0.79 1.20 0.97
Depreciation 3.07 2.77 2.65 2.65 2.65 2.61 2.64 2.65 2.64 2.52 2.98 3.02 3.03
Profit before tax 8.67 23.11 7.29 8.52 0.16 32.70 17.73 -0.32 8.16 5.29 7.84 -23.14 5.09
Tax % 34.37% 35.53% 31.55% 42.72% 175.00% 36.39% 33.05% 68.75% 36.52% 39.32% 29.85% 33.32% 35.36%
5.69 14.90 4.99 4.88 -0.12 20.80 11.86 -0.09 5.18 3.22 5.49 -15.43 3.29
EPS in Rs 0.65 1.70 0.57 0.55 -0.01 2.36 1.33 -0.01 0.58 0.36 0.61 -1.73 0.37
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
350 439 446 410 484 469 434 536 563 585 566 703 757
355 423 396 407 475 474 467 503 574 506 510 665 751
Operating Profit -4 16 50 3 9 -5 -33 33 -11 79 56 39 5
OPM % -1% 4% 11% 1% 2% -1% -8% 6% -2% 14% 10% 5% 1%
6 5 16 8 1 7 12 12 15 4 9 7 5
Interest 3 3 2 3 5 5 3 3 7 7 5 4 4
Depreciation 6 6 7 8 11 9 9 10 10 11 11 10 12
Profit before tax -6 12 58 0 -7 -12 -34 32 -13 65 49 31 -5
Tax % 50% 53% 30% 763% 34% 39% 4% -4% 44% 35% 37% 35%
-3 6 40 -3 -4 -7 -32 33 -7 42 31 20 -3
EPS in Rs -0.21 0.38 11.14 -0.75 -0.52 -0.84 -3.73 3.86 -0.80 4.85 3.46 2.26 -0.39
Dividend Payout % 0% 0% 9% 0% 0% 0% 0% 0% 0% 21% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 10%
3 Years: 8%
TTM: 9%
Compounded Profit Growth
10 Years: 14%
5 Years: 21%
3 Years: 70%
TTM: -109%
Stock Price CAGR
10 Years: 7%
5 Years: 9%
3 Years: 0%
1 Year: 0%
Return on Equity
10 Years: 4%
5 Years: 6%
3 Years: 7%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Equity Capital 145 145 36 36 71 86 86 86 87 87 88 89 89
Reserves -44 -39 106 108 98 91 260 294 292 326 367 386 378
7 8 3 21 19 21 28 46 54 48 39 42 40
112 122 135 133 139 126 216 199 201 193 196 192 197
Total Liabilities 219 236 279 298 328 324 590 626 634 655 691 710 705
77 78 77 121 100 100 358 416 419 420 416 411 414
CWIP 2 1 13 3 4 5 22 6 0 1 1 6 1
Investments 0 0 0 8 60 74 79 79 79 79 87 86 87
139 157 190 167 164 145 131 125 136 155 187 208 203
Total Assets 219 236 279 298 328 324 590 626 634 655 691 710 705

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
25 33 49 9 28 1 21 37 -3 43 41 0
-11 -9 -15 -47 -51 -24 -32 -45 -7 -10 -6 -9
-22 -5 -7 20 30 8 9 14 3 -34 -33 6
Net Cash Flow -8 19 27 -18 8 -15 -2 6 -7 -1 2 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 37 13 13 15 13 10 7 8 9 13 11 13
Inventory Days 685 377 477 233 260 221 256 321 304 474
Days Payable 743 478 497 239 418 344 381 315 204 191
Cash Conversion Cycle 37 13 -44 -86 -7 3 -151 -115 -116 19 112 296
Working Capital Days 7 -6 -4 -7 -13 -14 -75 -62 -55 -33 -27 -4
ROCE % -4% 13% 40% 2% 3% -4% -11% 9% -1% 16% 11% 7%

Shareholding Pattern

Numbers in percentages

Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
70.36% 70.33% 70.26% 70.26% 69.70% 69.70% 69.53% 69.53% 69.49% 69.42% 69.40% 69.38%
0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00%
0.13% 0.13% 0.09% 0.09% 0.09% 0.09% 0.09% 0.37% 0.36% 0.25% 0.02% 0.02%
29.48% 29.51% 29.65% 29.65% 30.20% 30.20% 30.38% 30.11% 30.14% 30.33% 30.58% 30.58%
No. of Shareholders 56,28557,31750,72652,90055,09558,40656,55756,01556,91356,90256,44755,625

* 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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