India Cements Ltd

India Cements is engaged in Business of Cement / Clinker.(Source : 201903 Annual Report Page No: 68)

  • Market Cap: 3,658 Cr.
  • Current Price: 118.05
  • 52 weeks High / Low 140.00 / 69.45
  • Book Value: 174.73
  • Stock P/E: 394.22
  • Dividend Yield: 0.51 %
  • ROCE: 4.23 %
  • ROE: 1.08 %
  • Sales Growth (3Yrs): -0.14 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.68 times its book value
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 2.71% over past five years.
Promoter holding is low: 28.26%
Company has a low return on equity of 1.47% for last 3 years.
Promoters have pledged 27.18% of their holding.
Dividend payout has been low at 2.61% of profits over last 3 years

Peer comparison Sector: Cement // Industry: Cement - South India

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
1,268 1,213 1,398 1,361 1,387 1,316 1,564 1,469 1,246 1,191 1,152 757
1,087 1,046 1,239 1,205 1,232 1,181 1,372 1,227 1,099 1,062 1,084 601
Operating Profit 181 167 159 156 155 135 192 242 147 129 67 156
OPM % 14% 14% 11% 11% 11% 10% 12% 16% 12% 11% 6% 21%
Other Income 7 4 4 6 4 4 17 3 3 3 -82 3
Interest 89 92 72 73 95 73 83 80 82 81 92 73
Depreciation 63 63 66 62 62 63 65 60 61 62 64 60
Profit before tax 36 15 24 27 1 3 62 105 7 -10 -171 26
Tax % 35% 0% -46% 21% 0% 0% 29% 31% -17% 47% 35% 35%
Net Profit 24 15 35 21 1 3 44 72 9 -5 -111 17
EPS in Rs 0.77 0.49 1.35 0.68 0.05 0.10 1.41 2.34 0.29 -0.17 4.12 0.55
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

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
3,359 3,687 3,500 4,203 4,597 4,441 4,424 4,229 5,079 5,176 5,628 5,058 4,346
2,431 2,944 3,066 3,298 3,773 3,953 3,741 3,453 4,218 4,479 4,989 4,469 3,847
Operating Profit 928 743 434 905 824 488 683 776 861 697 639 588 499
OPM % 28% 20% 12% 22% 18% 11% 15% 18% 17% 13% 11% 12% 11%
Other Income 36 165 42 17 18 -20 31 18 17 15 30 -76 -72
Interest 112 143 142 290 308 354 426 382 360 340 324 334 328
Depreciation 203 233 244 251 282 276 258 219 257 256 251 247 247
Profit before tax 648 531 90 381 252 -162 29 192 260 116 93 -68 -148
Tax % 33% 33% 24% 23% 35% 0% 0% 32% 33% 13% 26% 48%
Net Profit 432 354 68 293 164 -162 29 130 173 101 69 -36 -91
EPS in Rs 14.96 11.20 1.97 9.21 4.98 0.00 0.96 4.22 5.63 3.27 2.24 0.00 4.79
Dividend Payout % 13% 17% 68% 21% 38% 0% 0% 24% 18% 24% 36% -52%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:3.21%
5 Years:2.71%
3 Years:-0.14%
TTM:-24.24%
Compounded Profit Growth
10 Years:-15.95%
5 Years:15.10%
3 Years:-30.72%
TTM:-92.31%
Stock Price CAGR
10 Years:0.18%
5 Years:9.81%
3 Years:-11.01%
1 Year:40.12%
Return on Equity
10 Years:2.26%
5 Years:2.14%
3 Years:1.47%
Last Year:1.08%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
282 307 307 307 307 307 307 308 308 308 310 310
Reserves 3,349 3,829 3,783 3,752 3,782 3,544 3,286 4,673 4,802 4,892 4,930 5,105
Borrowings 1,988 2,133 2,456 2,701 3,023 3,202 3,201 3,155 2,921 3,100 3,270 3,533
1,409 1,312 1,393 1,482 1,690 1,683 1,518 2,226 2,614 2,399 2,595 2,504
Total Liabilities 7,028 7,580 7,938 8,241 8,803 8,737 8,311 10,362 10,645 10,699 11,105 11,452
3,808 3,919 3,834 4,133 4,142 4,161 3,586 7,182 6,973 6,796 6,713 6,826
CWIP 904 703 288 145 339 101 89 93 128 171 177 196
Investments 159 314 160 852 958 946 1,585 551 619 588 695 737
2,157 2,645 3,655 3,111 3,364 3,529 3,051 2,536 2,926 3,143 3,520 3,694
Total Assets 7,028 7,580 7,938 8,241 8,803 8,737 8,311 10,362 10,645 10,699 11,105 11,452

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
706 209 281 821 666 536 579 917 812 468 413 414
-942 -462 -354 -542 -572 -243 -99 -160 -188 -294 -240 -340
-105 222 53 -310 -93 -294 -479 -798 -624 -173 -175 -74
Net Cash Flow -340 -31 -21 -30 2 -2 2 -41 0 2 -2 -0

Ratios Standalone Figures in Rs. Crores / View Consolidated

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 % 16% 11% 3% 10% 8% 4% 7% 8% 8% 6% 5% 4%
Debtor Days 38 25 27 18 37 35 38 46 37 44 47 52
Inventory Turnover 3.37 3.44 3.16 3.20 3.55 3.55 3.11 2.70 2.89 3.08 3.56 2.74

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
28.37 28.37 28.37 28.31 28.35 28.32 28.30 28.30 28.30 28.24 28.26 28.27
21.92 20.30 18.22 15.79 15.74 15.47 13.30 14.89 15.17 14.57 12.85 12.31
24.85 26.62 28.33 28.59 27.80 26.74 28.49 23.55 20.75 16.58 8.26 8.94
24.86 24.71 25.08 27.30 28.11 29.46 29.91 33.25 35.78 40.61 50.63 50.48