India Cements Ltd

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

  • Market Cap: 2,691 Cr.
  • Current Price: 86.85
  • 52 weeks High / Low 116.95 / 67.75
  • Book Value: 170.51
  • Stock P/E: 29.63
  • Dividend Yield: 0.92 %
  • ROCE: 4.62 %
  • ROE: 0.38 %
  • Sales Growth (3Yrs): 5.75 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Pros:
Stock is trading at 0.51 times its book value
Company has been maintaining a healthy dividend payout of 58.06%
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 2.57% over past five years.
Promoter holding is low: 28.21%
Company has a low return on equity of 1.63% for last 3 years.
Contingent liabilities of Rs.1298.47 Cr.
Promoters have pledged 27.22% of their holding.

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
1,386 1,430 1,351 1,603 1,496 1,269
1,238 1,275 1,216 1,416 1,253 1,120
Operating Profit 148 155 135 187 243 150
OPM % 11% 11% 10% 12% 16% 12%
Other Income 7 6 6 20 7 6
Interest 77 99 83 92 86 88
Depreciation 66 66 66 68 62 63
Profit before tax 13 -4 -7 47 102 4
Tax % 51% -48% -21% 31% 32% -28%
Net Profit 3 -5 -4 26 64 5
EPS in Rs 0.09 -0.16 0.00 0.53 2.08 0.17
Notes Notes Notes Notes Notes Notes

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

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
3,045 3,429 3,745 3,621 4,631 5,157 5,082 5,057 4,879 5,158 5,267 5,770 5,720
1,981 2,508 3,014 3,185 3,687 4,220 4,460 4,295 4,006 4,270 4,552 5,145 5,005
Operating Profit 1,064 921 731 436 944 936 622 763 873 888 715 626 716
OPM % 35% 27% 20% 12% 20% 18% 12% 15% 18% 17% 14% 11% 13%
Other Income 21 44 170 47 23 24 -133 22 21 19 18 39 39
Interest 110 112 143 153 333 369 411 478 440 380 365 350 349
Depreciation 128 205 234 251 286 324 320 303 291 276 279 265 259
Profit before tax 848 648 524 80 349 267 -241 4 164 252 90 50 147
Tax % 24% 34% 34% 28% 25% 33% -0% 127% 29% 37% 21% 49%
Net Profit 642 422 352 67 271 188 -243 -3 117 166 65 21 91
EPS in Rs 22.42 14.62 11.12 1.93 8.50 5.77 0.00 0.00 3.79 5.39 2.11 0.68 2.78
Dividend Payout % 9% 13% 17% 69% 23% 33% -0% -0% 26% 19% 38% 118%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:5.34%
5 Years:2.57%
3 Years:5.75%
TTM:9.56%
Compounded Profit Growth
10 Years:-27.18%
5 Years:17.35%
3 Years:-44.85%
TTM:-71.41%
Stock Price CAGR
10 Years:-2.14%
5 Years:-4.23%
3 Years:-15.28%
1 Year:7.55%
Return on Equity
10 Years:2.60%
5 Years:1.60%
3 Years:1.63%
Last Year:0.38%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

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
282 282 307 307 307 307 307 307 308 308 308 321 310
Reserves 2,951 3,252 3,738 3,684 3,631 3,684 3,364 3,073 4,742 4,867 4,961 4,936 4,974
Borrowings 1,812 1,989 2,301 2,736 3,035 3,316 3,498 3,502 3,296 3,100 3,197 3,441 3,125
1,211 1,449 1,452 1,536 1,724 1,942 1,988 1,907 2,345 2,772 2,543 2,672 3,108
Total Liabilities 6,256 6,972 7,798 8,263 8,697 9,249 9,158 8,790 10,692 11,047 11,009 11,360 11,516
3,477 3,824 3,939 4,373 5,207 5,199 5,210 4,599 7,488 7,260 7,146 7,072 7,014
CWIP 576 904 1,429 441 170 356 112 98 99 134 176 196 225
Investments 333 356 515 337 422 446 442 440 357 358 358 371 367
1,870 1,889 1,915 3,112 2,897 3,247 3,394 3,653 2,748 3,295 3,328 3,721 3,910
Total Assets 6,256 6,972 7,798 8,263 8,697 9,249 9,158 8,790 10,692 11,047 11,009 11,360 11,516

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
1,010 682 786 441 942 732 516 645 964 765 556 280
-1,010 -916 -1,186 -651 -693 -544 -184 -124 -220 -158 -306 -202
196 -104 388 184 -288 -190 -335 -520 -757 -605 -235 -83
Net Cash Flow 195 -338 -11 -26 -39 -2 -3 1 -14 2 16 -5

Ratios Consolidated Figures in Rs. Crores / View Standalone

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 % 22% 16% 11% 3% 10% 9% 5% 7% 8% 8% 6% 5%
Debtor Days 38 39 26 27 19 35 33 37 42 37 45 47
Inventory Turnover 10.12 9.20 8.67 7.22 8.46 9.22 8.78 7.91 7.49 7.37 7.17 7.49