Sanghi Industries Ltd

₹ 93.5 0.26%

26 Apr 4:01 p.m.

sanghicement.com BSE: 526521 NSE : SANGHIIND

About

Sanghi Industries Limited is engaged in the manufacturing and marketing of cement and cement products in domestic and export markets. The Company’s manufacturing facilities are at Sanghipuram, Gujarat. The company sells in Gujarat, Rajasthan, Maharashtra and Kerala and International Markets of the Middle East, Africa and the Indian subcontinent. It also sells Ready Mix Concrete in Ahmedabad and Rajkot markets.^[1]

Key Points

Product Portfolio Revenue Split FY23
The Co. manufactures Clinker & different types of Cement such as:
Ordinary Portland Cement (OPC) - 66%
Portland Pozzolana Cement (PPC)- 33%
Portland Slag Cement (PSC) - 1%. ^[1]

Website BSE NSE

Market Cap ₹ 2,417 Cr.
Current Price ₹ 93.5
High / Low ₹ 156 / 62.0
Stock P/E
Book Value ₹ 51.5
Dividend Yield 0.00 %
ROCE -2.76 %
ROE -19.2 %
Face Value ₹ 10.0

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Pros

Promoter holding has increased by 5.93% over last quarter.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -1.99% over past five years.
Company has a low return on equity of -3.89% 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 Industry: Cement - North India

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	291	328	282	211	281	355	339	230	134	226	167	181	189
	218	234	216	171	239	311	320	232	152	238	263	209	212
Operating Profit	73	94	66	40	42	44	19	-2	-18	-13	-96	-28	-23
OPM %	25%	29%	23%	19%	15%	12%	6%	-1%	-13%	-6%	-58%	-15%	-12%
	3	3	2	3	4	2	6	12	1	1	4	95	-58
Interest	18	20	21	21	20	20	45	46	77	70	73	78	90
Depreciation	16	17	16	16	16	17	24	23	23	23	24	27	31
Profit before tax	42	60	32	6	10	9	-44	-59	-118	-105	-189	-39	-201
Tax %	0%	57%	30%	25%	25%	29%	25%	25%	-22%	0%	0%	0%	-0%
	42	26	22	4	8	6	-33	-44	-144	-105	-189	-39	-202
EPS in Rs	1.67	1.04	0.89	0.18	0.30	0.25	-1.31	-1.77	-5.57	-4.05	-7.33	-1.50	-7.80
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Profit & Loss

Figures in Rs. Crores

	Jun 2012	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	943	1,055	1,048	932	840	998	1,026	1,061	888	939	1,129	928	762
	757	854	851	775	689	799	811	907	695	696	938	942	922
Operating Profit	186	201	197	157	151	198	216	154	193	244	192	-14	-160
OPM %	20%	19%	19%	17%	18%	20%	21%	15%	22%	26%	17%	-1%	-21%
	10	12	8	7	-59	2	22	27	12	6	11	19	42
Interest	25	15	14	27	22	64	72	57	78	73	82	238	312
Depreciation	98	145	148	106	54	73	72	71	62	64	64	93	105
Profit before tax	73	53	44	31	16	63	93	53	65	113	57	-326	-534
Tax %	-12%	13%	-14%	0%	2%	0%	0%	0%	0%	31%	28%	0%
	82	46	50	31	16	63	93	53	65	78	41	-326	-534
EPS in Rs	3.72	2.09	2.25	1.39	0.73	2.87	3.72	2.10	2.60	3.12	1.62	-12.61	-20.68
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	0%
5 Years:	-2%
3 Years:	2%
TTM:	-28%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-163%

Stock Price CAGR
10 Years:	19%
5 Years:	8%
3 Years:	30%
1 Year:	46%

Return on Equity
10 Years:	2%
5 Years:	-1%
3 Years:	-4%
Last Year:	-19%

Balance Sheet

Figures in Rs. Crores

	Jun 2012	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	220	220	220	220	220	220	251	251	251	251	251	258	258
Reserves	574	620	670	691	831	894	1,347	1,399	1,464	1,543	1,583	1,301	1,073
Preference Capital	80	76	70	43	0	0	0	0	0	0	0	0
	836	675	581	492	603	599	740	771	1,256	1,415	1,397	1,548	1,828
	320	366	286	357	366	352	316	394	433	395	589	602	405
Total Liabilities	1,950	1,881	1,757	1,760	2,020	2,066	2,654	2,816	3,404	3,604	3,820	3,710	3,565
	1,374	1,381	1,266	1,238	1,478	1,452	1,509	1,605	1,706	1,652	3,163	3,117	3,105
CWIP	155	55	59	56	82	167	294	437	1,004	1,338	42	42	42
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
	421	445	432	466	460	447	852	774	694	614	614	550	418
Total Assets	1,950	1,881	1,757	1,760	2,020	2,066	2,654	2,816	3,404	3,604	3,820	3,710	3,565

Cash Flows

Figures in Rs. Crores

	Jun 2012	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	109	145	210	197	142	76	222	122	71	302	402	-25
	-16	-24	-44	-44	-124	-8	-684	-112	-471	-342	-298	29
	-90	-124	-167	-152	-19	-68	463	-10	401	39	-105	-3
Net Cash Flow	2	-3	-0	0	-0	-0	0	0	2	-1	-1	1

Ratios

Figures in Rs. Crores

	Jun 2012	Jun 2013	Jun 2014	Jun 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	7	9	4	6	8	9	11	15	16	19	30	20
Inventory Days			561		729	863	811	891	1,814	1,500	1,612
Days Payable			290		758	658	730	725	668	589	1,348
Cash Conversion Cycle	7	9	275	6	-21	214	93	181	1,163	930	294	20
Working Capital Days	-36	70	26	-4	-14	32	26	12	32	86	32	-12
ROCE %	6%	4%	4%	4%	6%	8%	8%	5%	5%	6%	4%	-3%

Shareholding Pattern

Numbers in percentages

3 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	70.33%	70.33%	70.33%	70.33%	70.33%	71.93%	72.72%	72.72%	72.72%	72.72%	72.59%	78.52%
	0.09%	0.05%	0.23%	0.19%	0.16%	0.66%	0.90%	1.01%	2.09%	1.31%	1.02%	0.13%
	2.23%	1.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.36%	0.62%	0.09%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%
	27.35%	27.77%	29.44%	29.48%	29.51%	27.42%	26.36%	26.28%	25.19%	24.61%	25.76%	21.17%
No. of Shareholders	62,467	56,299	57,428	58,192	62,178	57,054	49,225	46,548	42,926	46,461	48,467	57,095

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	74.98%	65.72%	65.71%	70.33%	70.33%	70.33%	72.72%	78.52%
	0.16%	8.77%	4.76%	4.02%	0.34%	0.19%	1.01%	0.13%
	5.01%	9.30%	12.38%	12.70%	2.23%	0.00%	0.00%	0.09%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%
	19.85%	16.21%	17.15%	12.94%	27.10%	29.48%	26.28%	21.17%
No. of Shareholders	18,327	29,072	27,709	25,571	47,250	58,192	46,548	57,095

* 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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