Visaka Industries Ltd

About [ edit ]

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

  • Market Cap 1,032 Cr.
  • Current Price 626
  • High / Low 639 / 152
  • Stock P/E 9.34
  • Book Value 377
  • Dividend Yield 2.40 %
  • ROCE 21.5 %
  • ROE 19.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 35.20% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 29.12%
  • Debtor days have improved from 44.01 to 33.49 days.

Cons

  • The company has delivered a poor sales growth of 2.67% over past five years.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
346 251 240 300 353 228 241 228 285 226 281 354
292 219 216 266 304 210 220 207 227 186 239 301
Operating Profit 53 32 24 34 49 18 21 20 58 41 42 53
OPM % 15% 13% 10% 11% 14% 8% 9% 9% 20% 18% 15% 15%
Other Income 7 2 1 2 1 2 1 2 2 2 2 2
Interest 5 4 5 5 4 4 4 5 4 3 3 3
Depreciation 9 8 9 9 11 10 10 10 10 10 10 10
Profit before tax 46 21 12 21 35 6 9 8 46 30 31 42
Tax % 35% 33% 22% 34% 34% -119% 28% 9% 25% 26% 26% 27%
Net Profit 30 14 9 14 23 13 6 7 34 22 23 31
EPS in Rs 19.10 8.78 5.72 8.84 14.53 8.32 3.87 4.32 21.67 13.87 13.98 18.74

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
604 650 750 916 892 1,021 1,005 961 1,012 1,136 1,050 1,146
494 566 672 809 835 925 910 843 862 993 942 953
Operating Profit 111 84 78 107 57 96 95 117 150 144 109 193
OPM % 18% 13% 10% 12% 6% 9% 9% 12% 15% 13% 10% 17%
Other Income 6 11 5 2 5 2 3 6 5 12 7 9
Interest 12 10 14 15 21 22 21 20 18 20 17 13
Depreciation 18 16 18 20 22 43 36 34 35 35 41 40
Profit before tax 86 68 51 75 19 33 40 69 102 100 57 149
Tax % 34% 34% 33% 32% 36% 36% 39% 38% 35% 33% 14% 26%
Net Profit 57 45 34 51 12 21 24 43 67 67 49 111
EPS in Rs 36.02 28.38 21.62 31.92 7.54 13.37 15.39 26.94 41.91 42.45 31.04 67.13
Dividend Payout % 14% 18% 23% 19% 33% 37% 33% 22% 17% 17% 48% 22%
Compounded Sales Growth
10 Years:6%
5 Years:3%
3 Years:4%
TTM:9%
Compounded Profit Growth
10 Years:9%
5 Years:35%
3 Years:19%
TTM:125%
Stock Price CAGR
10 Years:19%
5 Years:40%
3 Years:-6%
1 Year:302%
Return on Equity
10 Years:12%
5 Years:14%
3 Years:15%
Last Year:20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
16 16 16 16 16 16 16 16 16 16 16 17
Reserves 220 245 271 310 317 316 331 377 430 484 489 606
Borrowings 162 173 159 277 265 304 321 213 241 246 263 115
128 104 129 136 130 154 151 155 198 180 176 211
Total Liabilities 526 539 574 740 728 790 819 760 885 926 944 949
208 202 244 250 334 312 294 327 322 419 406 396
CWIP 9 8 4 16 21 0 4 12 69 1 9 5
Investments 2 15 15 15 15 15 10 0 0 0 0 0
307 313 310 458 358 463 511 422 494 506 529 547
Total Assets 526 539 574 740 728 790 819 760 885 926 944 949

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
75 27 71 -54 121 8 89 153 88 71 74 294
-30 -42 -41 -59 -91 -21 -28 -62 -105 -49 -34 -54
-30 8 -30 93 -38 16 -14 -128 1 -26 -40 -146
Net Cash Flow 15 -7 0 -20 -7 2 47 -37 -16 -3 -0 95

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 27% 19% 15% 17% 7% 9% 9% 14% 18% 17% 10% 22%
Debtor Days 31 39 36 34 40 46 53 57 54 50 49 33
Inventory Turnover 3.29 3.02 3.17 2.71 2.64 2.87 2.58 2.54 2.48 2.34 1.93 2.05

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
41.29 41.49 41.56 41.69 41.70 41.70 42.16 42.46 43.80 44.50 45.85 45.85
5.76 3.91 3.37 3.08 3.02 1.83 1.32 1.30 1.30 1.29 1.31 2.84
0.11 0.11 0.10 0.11 0.10 0.09 0.21 0.16 0.23 0.03 0.03 0.03
52.84 54.48 54.97 55.12 55.18 56.39 56.31 56.07 54.67 54.18 52.81 51.28

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