Sahyadri Industries Ltd

Sahyadri Industries Ltd

₹ 419 1.54%
12 Jul - close price
About

Incorporated in 1947, Sahyadri Industries is engaged in production of cement sheets and accessories, trading of steel doors and in generation of wind power electricity[1]

Key Points

Business Overview:[1][2]
SIL is a flagship company of The Patel Group. It provides building material products for interior and exterior building systems and roofing solutions. It manufactures and sells products such as asbestos corrugated sheets and boards and non-asbestos cement boards through a network of 3,000+ distributors. The company also operates nine windmills in Maharashtra and Rajasthan.

  • Market Cap 459 Cr.
  • Current Price 419
  • High / Low 484 / 325
  • Stock P/E 17.4
  • Book Value 329
  • Dividend Yield 0.95 %
  • ROCE 9.96 %
  • ROE 7.58 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 22.8 to 18.2 days.

Cons

  • Company has a low return on equity of 13.3% over last 3 years.
  • Dividend payout has been low at 8.86% 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 - Products Industry: Cement Products

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
133.22 195.15 104.34 110.24 132.75 190.55 113.28 123.06 166.91 225.02 120.40 135.01 153.84
111.09 148.81 84.41 96.07 114.79 154.55 98.43 107.71 152.33 197.52 107.77 122.56 139.99
Operating Profit 22.13 46.34 19.93 14.17 17.96 36.00 14.85 15.35 14.58 27.50 12.63 12.45 13.85
OPM % 16.61% 23.75% 19.10% 12.85% 13.53% 18.89% 13.11% 12.47% 8.74% 12.22% 10.49% 9.22% 9.00%
0.52 1.07 2.44 0.73 0.12 0.69 1.29 0.84 0.81 0.97 0.94 1.30 0.95
Interest 1.22 1.16 1.05 1.09 1.30 1.43 1.87 3.05 2.68 2.52 2.57 3.27 2.93
Depreciation 3.58 3.65 3.71 3.80 3.59 5.25 6.12 6.44 6.00 5.76 5.74 6.11 6.40
Profit before tax 17.85 42.60 17.61 10.01 13.19 30.01 8.15 6.70 6.71 20.19 5.26 4.37 5.47
Tax % 5.04% 23.50% 31.40% 26.87% 32.68% 27.32% 28.47% 29.40% 29.51% 25.16% 27.95% 27.46% 21.57%
16.95 32.59 12.08 7.32 8.88 21.81 5.83 4.73 4.73 15.11 3.79 3.17 4.29
EPS in Rs 17.73 34.08 12.63 7.66 9.29 19.92 5.33 4.32 4.32 13.80 3.46 2.90 3.92
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
391 365 430 358 253 264 287 284 472 542 594 634
332 344 392 327 210 200 218 238 380 442 513 568
Operating Profit 59 21 38 30 43 64 69 46 92 100 81 66
OPM % 15% 6% 9% 8% 17% 24% 24% 16% 19% 18% 14% 10%
4 1 1 1 2 4 3 2 6 4 3 4
Interest 19 17 15 21 17 12 9 5 5 5 9 11
Depreciation 15 14 13 29 23 21 18 14 14 15 24 24
Profit before tax 29 -9 11 -19 4 36 45 28 79 85 52 35
Tax % 33% 30% 35% 43% 31% 31% 29% 6% 22% 27% 28% 25%
19 -6 7 -11 3 24 32 27 62 62 37 26
EPS in Rs 20.37 -6.30 7.45 -11.40 3.14 25.54 33.36 27.79 64.52 64.66 33.90 24.09
Dividend Payout % 12% -8% 20% 0% 0% 0% 3% 9% 8% 11% 12% 4%
Compounded Sales Growth
10 Years: 6%
5 Years: 17%
3 Years: 10%
TTM: 7%
Compounded Profit Growth
10 Years: 20%
5 Years: -3%
3 Years: -24%
TTM: -29%
Stock Price CAGR
10 Years: 23%
5 Years: 21%
3 Years: -13%
1 Year: 14%
Return on Equity
10 Years: 14%
5 Years: 16%
3 Years: 13%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 10 10 10 10 10 10 10 10 10 11 11 11
Reserves 109 103 105 94 97 121 153 175 236 293 324 349
191 162 183 152 113 96 47 59 47 80 124 116
93 94 132 106 71 63 64 64 87 84 97 84
Total Liabilities 403 368 429 362 291 290 274 308 379 469 557 560
175 164 165 205 183 159 143 131 127 128 169 181
CWIP 3 43 64 1 0 1 2 2 4 54 36 42
Investments 0 0 0 0 0 0 0 31 48 21 11 12
224 161 200 155 108 129 129 144 200 265 340 324
Total Assets 403 368 429 362 291 290 274 308 379 469 557 560

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 82 25 61 56 25 57 30 50 11 17 58
-11 -37 -38 -9 -1 5 -2 -34 -30 -33 -45 -34
7 -45 9 -53 -54 -28 -57 2 -19 22 29 -22
Net Cash Flow -4 -0 -4 -0 0 2 -2 -1 1 0 1 2

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 32 34 36 38 49 51 41 49 31 29 22 18
Inventory Days 258 128 181 153 108 193 181 189 172 230 260 235
Days Payable 35 40 84 89 69 77 61 84 77 59 58 39
Cash Conversion Cycle 255 122 133 102 89 168 161 155 126 200 224 214
Working Capital Days 104 42 47 26 33 78 86 100 77 113 132 131
ROCE % 17% 3% 9% 1% 9% 20% 24% 15% 31% 26% 14% 10%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
66.94% 66.94% 66.94% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12% 71.12%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
33.05% 33.05% 33.05% 28.87% 28.88% 28.88% 28.88% 28.87% 28.87% 28.88% 28.86% 28.88%
No. of Shareholders 12,03911,75711,73511,65311,66811,65711,48111,09611,18810,79210,51210,372

* 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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