Visaka Industries Ltd

Visaka Industries Ltd

₹ 111 2.19%
26 Jul - close price
About

Visaka Industries Ltd is engaged in the business of manufacture of cement fibre sheets, fibre cement boards & panels, solar panels and synthetic yarn.[1]

Key Points

Cement Asbestos Business **
The company is the 2nd largest player in the asbestos cement sheet (ACS) segment in India with a
market share of 18%**.[1]
Its product portfolio include fiber cement sheets, adjustable ridges, apron pieces, cladding/ walling, north light ridges, barge boards and others.[2]

  • Market Cap 955 Cr.
  • Current Price 111
  • High / Low 178 / 80.3
  • Stock P/E 379
  • Book Value 87.5
  • Dividend Yield 0.45 %
  • ROCE 3.33 %
  • ROE 0.33 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 74.9%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.00% over past five years.
  • Company has a low return on equity of 8.11% 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

Standalone Figures in Rs. Crores / View Consolidated

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
354.15 349.06 292.25 353.83 420.63 479.22 362.50 354.77 450.10 446.84 339.66 342.80 391.21
301.35 284.13 250.85 312.65 368.07 415.43 338.00 329.02 424.95 410.47 326.47 329.03 366.59
Operating Profit 52.80 64.93 41.40 41.18 52.56 63.79 24.50 25.75 25.15 36.37 13.19 13.77 24.62
OPM % 14.91% 18.60% 14.17% 11.64% 12.50% 13.31% 6.76% 7.26% 5.59% 8.14% 3.88% 4.02% 6.29%
2.42 2.11 2.04 3.09 2.65 2.73 2.27 -0.57 3.36 2.24 2.44 2.30 3.87
Interest 3.11 3.32 2.42 2.44 3.39 3.04 3.97 7.01 8.31 8.39 8.31 10.24 9.40
Depreciation 10.05 9.07 9.01 8.91 10.63 11.49 12.61 12.91 13.18 13.54 13.62 14.29 16.51
Profit before tax 42.06 54.65 32.01 32.92 41.19 51.99 10.19 5.26 7.02 16.68 -6.30 -8.46 2.58
Tax % 26.60% 25.73% 25.68% 27.00% 26.88% 25.70% 26.99% 29.28% 28.77% 26.44% -21.90% -21.87% 29.84%
30.88 40.58 23.79 24.03 30.12 38.63 7.44 3.72 5.00 12.26 -4.92 -6.61 1.81
EPS in Rs 3.75 4.92 2.89 2.92 3.49 4.47 0.86 0.43 0.58 1.42 -0.57 -0.77 0.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
916 892 1,021 1,005 961 1,012 1,136 1,050 1,146 1,416 1,647 1,521
809 835 925 910 843 862 993 942 953 1,216 1,507 1,433
Operating Profit 107 57 96 95 117 150 144 109 193 200 139 88
OPM % 12% 6% 9% 9% 12% 15% 13% 10% 17% 14% 8% 6%
2 5 2 3 6 5 12 7 9 10 8 11
Interest 15 21 22 21 20 18 20 17 13 12 22 36
Depreciation 20 22 43 36 34 35 35 41 40 38 50 58
Profit before tax 75 19 33 40 69 102 100 57 149 161 74 4
Tax % 32% 36% 36% 39% 38% 35% 33% 14% 26% 26% 26% 44%
51 12 21 24 43 67 67 49 111 119 55 3
EPS in Rs 6.38 1.51 2.68 3.08 5.39 8.38 8.49 6.21 13.43 13.72 6.34 0.29
Dividend Payout % 19% 33% 37% 33% 22% 17% 17% 48% 22% 22% 32% 171%
Compounded Sales Growth
10 Years: 5%
5 Years: 6%
3 Years: 10%
TTM: -8%
Compounded Profit Growth
10 Years: -14%
5 Years: -48%
3 Years: -72%
TTM: -96%
Stock Price CAGR
10 Years: 17%
5 Years: 15%
3 Years: -12%
1 Year: 37%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 8%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 16 16 16 16 16 16 16 16 17 17 17 17
Reserves 310 317 316 331 377 430 484 489 606 715 756 738
277 265 304 321 213 241 246 263 115 167 388 535
136 130 154 151 155 198 180 176 211 209 210 202
Total Liabilities 740 728 790 819 760 885 926 944 949 1,108 1,371 1,493
250 334 312 294 327 322 419 406 396 461 615 738
CWIP 16 21 0 4 12 69 1 9 5 49 36 28
Investments 15 15 15 10 0 0 0 0 0 2 12 14
458 358 463 511 422 494 506 529 547 597 708 712
Total Assets 740 728 790 819 760 885 926 944 949 1,108 1,371 1,493

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-54 121 8 89 153 88 71 74 294 55 30 5
-59 -91 -21 -28 -62 -105 -49 -34 -54 -173 -214 -91
93 -38 16 -14 -128 1 -26 -40 -146 30 188 93
Net Cash Flow -20 -7 2 47 -37 -16 -3 -0 95 -87 4 7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 34 40 46 53 57 54 50 49 33 35 30 33
Inventory Days 188 122 158 148 144 179 180 216 174 159 158 188
Days Payable 38 30 37 40 41 73 52 61 65 47 38 39
Cash Conversion Cycle 184 132 167 162 160 161 178 204 142 147 150 182
Working Capital Days 115 90 106 93 76 81 94 109 62 84 90 110
ROCE % 17% 7% 9% 9% 14% 18% 17% 10% 22% 21% 10% 3%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
45.85% 45.86% 48.36% 48.36% 48.36% 48.42% 48.42% 48.42% 48.42% 48.42% 48.42% 48.42%
5.60% 5.64% 4.78% 4.51% 4.53% 3.72% 3.83% 3.22% 0.81% 0.33% 0.71% 0.31%
0.03% 0.04% 0.03% 0.03% 0.96% 0.84% 0.84% 0.67% 0.02% 0.02% 0.30% 0.01%
48.52% 48.46% 46.83% 47.09% 46.14% 47.03% 46.92% 47.70% 50.74% 51.23% 50.57% 51.25%
No. of Shareholders 29,78229,82529,75929,96430,41630,88131,21834,35240,96443,77451,71751,163

* 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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