Visaka Industries Ltd

Visaka Industries Ltd

₹ 84.4 3.11%
06 Jun 2:50 p.m.
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 (60% of revenues as of FY22 vs 71% in FY15) [1]
The company is the 2nd largest player in the asbestos cement sheet (ACS) segment in India with a market share of 18%.[2]
Its product portfolio include fibre cement sheets, adjustable ridges, apron pieces, cladding/ walling, north light ridges, barge boards and others.[3]
The capacity utilization of ACS segment has increased from 88% in FY18 to 96% in FY22. [4]

  • Market Cap 730 Cr.
  • Current Price 84.4
  • High / Low 133 / 64.4
  • Stock P/E 12.8
  • Book Value 89.4
  • Dividend Yield 2.35 %
  • ROCE 9.71 %
  • ROE 7.59 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.95 times its book value
  • Company has been maintaining a healthy dividend payout of 22.8%

Cons

* 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
227.71 285.19 226.18 280.69 354.15 349.06 292.25 353.83 420.63 479.22 362.50 354.77 450.10
207.22 226.91 185.59 238.89 301.35 284.13 250.85 312.65 368.07 415.43 338.00 329.02 424.95
Operating Profit 20.49 58.28 40.59 41.80 52.80 64.93 41.40 41.18 52.56 63.79 24.50 25.75 25.15
OPM % 9.00% 20.44% 17.95% 14.89% 14.91% 18.60% 14.17% 11.64% 12.50% 13.31% 6.76% 7.26% 5.59%
1.67 1.56 2.43 2.18 2.42 2.11 2.04 3.09 2.65 2.73 2.27 -0.57 3.36
Interest 4.67 3.94 3.02 2.74 3.11 3.32 2.42 2.44 3.39 3.04 3.97 7.01 8.31
Depreciation 9.94 9.80 10.04 10.11 10.05 9.07 9.01 8.91 10.63 11.49 12.61 12.91 13.18
Profit before tax 7.55 46.10 29.96 31.13 42.06 54.65 32.01 32.92 41.19 51.99 10.19 5.26 7.02
Tax % 9.27% 25.34% 25.53% 25.99% 26.60% 25.73% 25.68% 27.00% 26.88% 25.70% 26.99% 29.28% 28.77%
Net Profit 6.86 34.42 22.30 23.04 30.88 40.58 23.79 24.03 30.12 38.63 7.44 3.72 5.00
EPS in Rs 0.86 4.34 2.77 2.80 3.75 4.92 2.89 2.92 3.49 4.47 0.86 0.43 0.58
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
750 916 892 1,021 1,005 961 1,012 1,136 1,050 1,146 1,416 1,647
672 809 835 925 910 843 862 993 942 953 1,216 1,507
Operating Profit 78 107 57 96 95 117 150 144 109 193 200 139
OPM % 10% 12% 6% 9% 9% 12% 15% 13% 10% 17% 14% 8%
5 2 5 2 3 6 5 12 7 9 10 8
Interest 14 15 21 22 21 20 18 20 17 13 12 22
Depreciation 18 20 22 43 36 34 35 35 41 40 38 50
Profit before tax 51 75 19 33 40 69 102 100 57 149 161 74
Tax % 33% 32% 36% 36% 39% 38% 35% 33% 14% 26% 26% 26%
Net Profit 34 51 12 21 24 43 67 67 49 111 119 55
EPS in Rs 4.32 6.38 1.51 2.68 3.08 5.39 8.38 8.49 6.21 13.43 13.72 6.34
Dividend Payout % 23% 19% 33% 37% 33% 22% 17% 17% 48% 22% 22% 24%
Compounded Sales Growth
10 Years: 6%
5 Years: 10%
3 Years: 16%
TTM: 16%
Compounded Profit Growth
10 Years: 1%
5 Years: -3%
3 Years: 5%
TTM: -52%
Stock Price CAGR
10 Years: 16%
5 Years: -9%
3 Years: 25%
1 Year: -24%
Return on Equity
10 Years: 12%
5 Years: 14%
3 Years: 14%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
16 16 16 16 16 16 16 16 16 17 17 17
Reserves 271 310 317 316 331 377 430 484 489 606 715 756
159 277 265 304 321 213 241 246 263 115 167 388
129 136 130 154 151 155 198 180 176 211 209 210
Total Liabilities 574 740 728 790 819 760 885 926 944 949 1,108 1,371
244 250 334 312 294 327 322 419 406 396 461 615
CWIP 4 16 21 0 4 12 69 1 9 5 49 36
Investments 15 15 15 15 10 0 0 0 0 0 2 12
310 458 358 463 511 422 494 506 529 547 597 708
Total Assets 574 740 728 790 819 760 885 926 944 949 1,108 1,371

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
71 -54 121 8 89 153 88 71 74 294 55
-41 -59 -91 -21 -28 -62 -105 -49 -34 -54 -173
-30 93 -38 16 -14 -128 1 -26 -40 -146 30
Net Cash Flow 0 -20 -7 2 47 -37 -16 -3 -0 95 -87

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 36 34 40 46 53 57 54 50 49 33 35 30
Inventory Days 128 188 122 158 148 144 179 180 216 174 159 158
Days Payable 19 38 30 37 40 41 73 52 61 65 47 38
Cash Conversion Cycle 145 184 132 167 162 160 161 178 204 142 147 150
Working Capital Days 75 115 90 106 93 76 81 94 109 62 84 90
ROCE % 15% 17% 7% 9% 9% 14% 18% 17% 10% 22% 21% 10%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
43.80 44.50 45.85 45.85 45.85 45.85 45.86 48.36 48.36 48.36 48.42 48.42
1.30 1.29 1.31 2.84 5.15 5.60 5.64 4.78 4.51 4.53 3.72 3.83
0.23 0.03 0.03 0.03 0.03 0.03 0.04 0.03 0.03 0.96 0.84 0.84
54.67 54.18 52.81 51.28 48.97 48.52 48.46 46.83 47.09 46.14 47.03 46.92

* 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.

Documents

Concalls