Sanghi Industries Ltd

Sanghi Industries is an India-based company engaged in the manufacturing and sale of cement and clinker. The Company manufactures and markets cement and cement products in domestic and export markets.

  • Market Cap: 1,009 Cr.
  • Current Price: 40.20
  • 52 weeks High / Low 72.50 / 34.60
  • Book Value: 67.53
  • Stock P/E: 13.40
  • Dividend Yield: 0.00 %
  • ROCE: 4.58 %
  • ROE: 3.24 %
  • Sales Growth (3Yrs): 8.10 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Pros:
Stock is trading at 0.60 times its book value
Promoter holding has increased by 2.96% over last quarter.
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor growth of 0.11% over past five years.
Tax rate seems low
Company has a low return on equity of 5.15% for last 3 years.
Company might be capitalizing the interest cost
Promoters have pledged 49.78% of their holding.
Promoter holding has decreased by -6.30% over last 3 years.
** Remarks:
Some businesses are provided tax benefits to encourage their development

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

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Quarterly Results Figures in Rs. Crores

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
272 247 288 206 280 254 275 244 266 276 274 205
230 204 223 159 218 212 231 212 234 230 208 168
Operating Profit 42 42 65 47 62 41 43 32 32 46 66 37
OPM % 16% 17% 23% 23% 22% 16% 16% 13% 12% 17% 24% 18%
Other Income 1 1 2 1 6 13 8 6 6 7 4 3
Interest 19 8 18 19 17 17 12 17 15 14 17 18
Depreciation 18 18 18 18 18 18 19 20 19 13 14 16
Profit before tax 6 17 32 11 32 19 20 2 4 26 38 6
Tax % 26% -58% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit 5 26 32 11 32 19 20 2 4 26 38 6
EPS in Rs 0.21 1.19 1.44 0.50 1.46 0.77 0.79 0.08 0.17 1.05 1.53 0.25
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Jun 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
847 793 653 899 943 1,055 1,048 932 840 998 1,026 1,061 1,021
581 594 479 750 757 854 851 775 689 799 811 907 840
Operating Profit 265 198 174 149 186 201 197 157 151 198 216 154 181
OPM % 31% 25% 27% 17% 20% 19% 19% 17% 18% 20% 21% 15% 18%
Other Income 22 22 9 9 10 12 8 7 -59 2 22 27 21
Interest 88 77 83 98 25 15 14 27 22 64 72 57 64
Depreciation 80 80 81 107 98 145 148 106 54 73 72 71 62
Profit before tax 119 63 18 -47 73 53 44 31 16 63 93 53 75
Tax % 11% 16% -387% 37% -12% 13% -14% 0% 2% 0% 0% 0%
Net Profit 106 53 89 -30 82 46 50 31 16 63 93 53 75
EPS in Rs 4.84 2.39 4.05 0.00 3.72 2.09 2.25 1.39 0.97 2.87 3.72 2.10 3.00
Dividend Payout % 0% 0% 0% -0% 0% 0% 0% 0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:2.96%
5 Years:0.11%
3 Years:8.10%
TTM:-2.98%
Compounded Profit Growth
10 Years:0.01%
5 Years:2.77%
3 Years:-11.11%
TTM:3.69%
Stock Price CAGR
10 Years:3.28%
5 Years:-9.52%
3 Years:-12.13%
1 Year:-28.66%
Return on Equity
10 Years:%
5 Years:5.55%
3 Years:5.15%
Last Year:3.24%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Jun 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
305 305 305 302 300 296 290 263 220 220 251 251 251
Reserves 380 433 522 492 574 620 670 691 831 894 1,347 1,399 1,444
Borrowings 1,004 980 940 850 836 675 581 492 603 599 740 813 1,032
242 269 305 365 354 400 320 386 395 381 345 399 400
Total Liabilities 1,846 1,902 1,986 1,927 1,984 1,915 1,790 1,789 2,049 2,095 2,683 2,863 3,127
1,266 1,217 1,143 1,381 1,374 1,381 1,266 1,238 1,478 1,452 1,509 1,605 1,723
CWIP 128 374 468 194 155 55 59 56 82 167 294 437 633
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
452 311 374 351 454 479 466 495 489 476 881 821 771
Total Assets 1,846 1,902 1,986 1,927 1,984 1,915 1,790 1,789 2,049 2,095 2,683 2,863 3,127

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Jun 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
150 189 200 170 109 145 210 197 142 76 222 98
-149 -153 -112 -91 -16 -24 -44 -44 -124 -8 -684 -112
26 -140 -90 -74 -90 -124 -167 -152 -19 -68 463 14
Net Cash Flow 26 -104 -2 5 2 -3 -0 0 -0 -0 0 0

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Jun 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 13% 8% 6% 3% 6% 4% 4% 4% 6% 8% 8% 5%
Debtor Days 2 2 4 1 7 9 4 6 8 9 11 15
Inventory Turnover 14.10 9.40 6.29 7.86 6.27 5.41 5.84 5.92 5.87 6.14 6.14 5.51