India Cements Ltd

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

  • Market Cap: 2,309 Cr.
  • Current Price: 74.50
  • 52 weeks High / Low 116.95 / 67.75
  • Book Value: 170.74
  • Stock P/E: 19.33
  • Dividend Yield: 1.07 %
  • ROCE: 4.79 %
  • ROE: 1.17 %
  • Sales Growth (3Yrs): 9.99 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Pros:
Stock is trading at 0.44 times its book value
Company has been maintaining a healthy dividend payout of 25.99%
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 4.85% over past five years.
Promoter holding is low: 28.21%
Company has a low return on equity of 2.19% for last 3 years.
Contingent liabilities of Rs.1255.55 Cr.
Promoters have pledged 27.22% of their holding.

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

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
1,523 1,462 1,268 1,213 1,398 1,361 1,387 1,316 1,564 1,469 1,246 1,191
1,333 1,276 1,087 1,046 1,239 1,205 1,232 1,181 1,372 1,227 1,099 1,062
Operating Profit 190 186 181 167 159 156 155 135 192 242 147 129
OPM % 12% 13% 14% 14% 11% 11% 11% 10% 12% 16% 12% 11%
Other Income 2 5 7 4 4 6 4 4 17 3 3 3
Interest 82 87 89 92 72 73 95 73 83 80 82 81
Depreciation 64 63 63 63 66 62 62 63 65 60 61 62
Profit before tax 46 40 36 15 24 27 1 3 62 105 7 -10
Tax % 25% 35% 35% 0% -46% 21% 0% 0% 29% 31% -17% 47%
Net Profit 34 26 24 15 35 21 1 3 44 72 9 -5
EPS in Rs 0.93 0.86 0.77 0.49 1.35 0.68 0.05 0.10 1.24 2.34 0.29 -0.13
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
3,044 3,359 3,687 3,500 4,203 4,597 4,441 4,424 4,229 5,079 5,176 5,628 5,470
1,972 2,431 2,944 3,066 3,298 3,773 3,953 3,741 3,453 4,218 4,479 4,990 4,760
Operating Profit 1,072 928 743 434 905 824 488 683 776 861 697 638 710
OPM % 35% 28% 20% 12% 22% 18% 11% 15% 18% 17% 13% 11% 13%
Other Income 11 36 165 42 17 18 -20 31 18 17 15 31 27
Interest 110 112 143 142 290 308 354 426 382 360 340 324 325
Depreciation 128 203 233 244 251 282 276 258 219 257 256 251 247
Profit before tax 845 648 531 90 381 252 -162 29 192 260 116 93 165
Tax % 25% 33% 33% 24% 23% 35% -0% 0% 32% 33% 13% 26%
Net Profit 638 432 354 68 293 164 -162 29 130 173 101 69 119
EPS in Rs 22.28 14.96 11.20 1.97 9.21 4.98 0.00 0.96 4.22 5.63 3.27 2.24 3.74
Dividend Payout % 9% 13% 17% 68% 21% 38% -0% 0% 24% 18% 24% 36%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:5.30%
5 Years:4.85%
3 Years:9.99%
TTM:0.14%
Compounded Profit Growth
10 Years:-18.74%
5 Years:25.71%
3 Years:-22.69%
TTM:96.20%
Stock Price CAGR
10 Years:-4.67%
5 Years:-6.13%
3 Years:-22.87%
1 Year:-10.19%
Return on Equity
10 Years:2.93%
5 Years:2.13%
3 Years:2.19%
Last Year:1.17%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
282 282 307 307 307 307 307 307 308 308 308 310 310
Reserves 3,039 3,349 3,829 3,783 3,752 3,782 3,544 3,286 4,673 4,802 4,892 4,930 4,981
Borrowings 1,812 1,988 2,133 2,456 2,701 3,023 3,202 3,201 3,155 2,921 3,100 3,368 3,064
1,209 1,427 1,332 1,411 1,509 1,715 1,708 1,620 2,226 2,712 2,462 2,557 2,974
Total Liabilities 6,342 7,047 7,601 7,957 8,268 8,827 8,761 8,414 10,362 10,743 10,762 11,164 11,329
3,464 3,808 3,919 3,834 4,133 4,142 4,161 3,586 7,182 6,973 6,796 6,713 6,631
CWIP 575 904 703 288 145 339 101 89 93 128 171 177 196
Investments 129 159 314 160 852 958 946 1,585 551 619 588 695 724
2,173 2,176 2,665 3,673 3,138 3,388 3,553 3,154 2,536 3,023 3,206 3,580 3,779
Total Assets 6,342 7,047 7,601 7,957 8,268 8,827 8,761 8,414 10,362 10,743 10,762 11,164 11,329

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
1,017 706 209 281 821 666 536 579 917 812 468 316
-1,017 -942 -462 -354 -542 -572 -243 -99 -160 -188 -294 -240
196 -105 222 53 -310 -93 -294 -479 -798 -624 -173 -78
Net Cash Flow 195 -340 -31 -21 -30 2 -2 2 -41 0 2 -2

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 21% 16% 11% 3% 10% 8% 4% 7% 8% 8% 6% 5%
Debtor Days 37 38 25 27 18 37 35 38 46 37 44 47
Inventory Turnover 10.16 9.06 8.58 7.25 8.22 9.00 8.48 7.64 7.01 7.56 7.30 7.53