Shree Digvijay Cement Co. Ltd

About [ edit ]

Shree Digvijay Cement Company's principal business is manufacturing and selling of cement. The Company has one manufacturing facility at Sikka (via Jamnagar) with installed capacity of 10.75 lacs MT per annum. The Company caters mainly to the domestic market.

  • Market Cap 844 Cr.
  • Current Price 59.4
  • High / Low 66.9 / 18.2
  • Stock P/E 17.0
  • Book Value 18.9
  • Dividend Yield 2.53 %
  • ROCE 29.2 %
  • ROE 22.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 69.42% CAGR over last 5 years

Cons

  • Stock is trading at 3.14 times its book value
  • The company has delivered a poor sales growth of 2.69% over past five years.
  • Company has a low return on equity of 10.56% for last 3 years.
  • Promoter holding has decreased over last 3 years: -18.13%

Peer comparison

Sector: Cement Industry: Cement - North India

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
125 117 95 112 110 120 98 122 128 88 97 143
106 102 92 107 109 90 80 102 97 67 87 117
Operating Profit 19 15 3 5 1 30 18 20 31 21 10 27
OPM % 15% 13% 3% 5% 1% 25% 18% 17% 24% 24% 11% 19%
Other Income 2 1 2 1 3 0 2 0 1 1 1 2
Interest 2 1 1 1 1 1 0 0 0 0 0 1
Depreciation 6 6 6 6 6 6 6 6 6 7 7 7
Profit before tax 13 9 -2 -0 -4 23 13 14 26 15 4 22
Tax % 35% 36% 34% 21% 36% 35% 35% 34% 9% 34% 37% 35%
Net Profit 8 6 -1 -0 -2 15 9 9 23 10 3 14
EPS in Rs 0.59 0.42 -0.09 -0.03 -0.16 1.07 0.61 0.67 1.64 0.71 0.18 0.99
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
304 262 291 332 383 332 411 474 315 413 436 470 456
268 221 271 316 342 342 394 432 307 366 410 369 367
Operating Profit 37 41 20 16 41 -11 18 41 8 48 27 101 89
OPM % 12% 16% 7% 5% 11% -3% 4% 9% 3% 12% 6% 21% 20%
Other Income 3 3 -8 5 21 -8 7 3 12 6 5 2 5
Interest 11 2 1 1 1 3 7 13 11 11 4 2 1
Depreciation 7 6 9 10 10 13 14 26 22 23 24 25 26
Profit before tax 22 36 2 9 51 -35 4 5 -14 21 3 77 66
Tax % 1% 1% 51% 0% 19% -2% 0% 0% 35% 35% 38% 26%
Net Profit 22 36 1 9 41 -36 4 5 -9 13 2 56 50
EPS in Rs 1.53 2.53 0.07 0.67 2.92 -2.51 0.26 0.37 -0.64 0.95 0.15 3.99 3.52
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 38%
Compounded Sales Growth
10 Years:6%
5 Years:3%
3 Years:14%
TTM:1%
Compounded Profit Growth
10 Years:5%
5 Years:69%
3 Years:106%
TTM:60%
Stock Price CAGR
10 Years:19%
5 Years:30%
3 Years:31%
1 Year:98%
Return on Equity
10 Years:5%
5 Years:7%
3 Years:11%
Last Year:23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
228 228 141 141 141 141 141 141 141 141 141 141 142
Reserves -91 -55 33 42 84 48 52 57 63 77 78 135 127
Borrowings 101 1 0 28 29 64 86 116 96 25 40 0 1
136 146 66 82 76 67 82 99 78 107 100 103 112
Total Liabilities 287 234 240 294 330 320 361 414 378 351 360 380 381
76 108 115 109 102 160 206 216 217 201 194 188 192
CWIP 35 14 13 67 72 13 4 0 0 8 10 9 2
Investments 18 35 13 35 40 4 0 0 0 0 0 0 0
159 77 98 82 115 143 151 197 161 142 156 182 187
Total Assets 287 234 240 294 330 320 361 414 378 351 360 380 381

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
35 46 -3 45 21 -22 25 21 31 102 -2 94
-37 -33 6 -67 -20 12 -25 -32 -29 -12 -4 -14
76 -101 -1 23 -1 28 25 17 -32 -81 12 -42
Net Cash Flow 73 -88 2 1 -1 19 25 5 -30 8 6 38

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 18% 25% 9% 6% 17% -7% 4% 7% -1% 12% 3% 29%
Debtor Days 17 24 3 6 5 5 12 12 6 11 11 8
Inventory Turnover 4.36 2.69 2.20 2.63 3.05 2.68 3.80 3.26 1.92 3.67 4.67 3.36

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
75.00 75.00 75.00 75.00 75.00 57.17 57.17 57.17 57.17 57.17 56.96 56.87
0.19 0.14 0.14 0.18 0.18 1.34 0.00 0.00 0.00 0.00 0.00 0.00
0.03 0.03 0.03 0.02 2.58 0.03 0.00 0.02 0.06 0.17 0.00 0.00
24.78 24.83 24.83 24.80 22.24 41.46 42.82 42.81 42.77 42.66 43.03 43.12

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