Visaka Industries Ltd

₹ 547 -0.83%
May 20 - 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 ( 60% of revenues)[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 declined from 95% in FY19 to 80% in FY20 due to slowdown in rural market and lockdown due to COVID-19.[4]

  • Market Cap 945 Cr.
  • Current Price 547
  • High / Low 874 / 490
  • Stock P/E 7.97
  • Book Value 424
  • Dividend Yield 2.74 %
  • ROCE 21.0 %
  • ROE 17.5 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 22.60% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 30.90%
  • Promoter holding has increased by 2.51% over last quarter.

Cons

  • The company has delivered a poor sales growth of 8.07% over past five 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
353 228 241 228 285 226 281 354 349 292 354 421
304 210 220 207 227 186 239 301 284 251 313 368
Operating Profit 49 18 21 20 58 41 42 53 65 41 41 53
OPM % 14% 8% 9% 9% 20% 18% 15% 15% 19% 14% 12% 12%
1 2 1 2 2 2 2 2 2 2 3 3
Interest 4 4 4 5 4 3 3 3 3 2 2 3
Depreciation 11 10 10 10 10 10 10 10 9 9 9 11
Profit before tax 35 6 9 8 46 30 31 42 55 32 33 41
Tax % 34% -119% 28% 9% 25% 26% 26% 27% 26% 26% 27% 27%
Net Profit 23 13 6 7 34 22 23 31 41 24 24 30
EPS in Rs 14.53 8.32 3.87 4.32 21.67 13.87 13.98 18.74 24.62 14.43 14.58 17.43

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
650 750 916 892 1,021 1,005 961 1,012 1,136 1,050 1,146 1,416
566 672 809 835 925 910 843 862 993 942 953 1,216
Operating Profit 84 78 107 57 96 95 117 150 144 109 193 200
OPM % 13% 10% 12% 6% 9% 9% 12% 15% 13% 10% 17% 14%
11 5 2 5 2 3 6 5 12 7 9 10
Interest 10 14 15 21 22 21 20 18 20 17 13 12
Depreciation 16 18 20 22 43 36 34 35 35 41 40 38
Profit before tax 68 51 75 19 33 40 69 102 100 57 149 161
Tax % 34% 33% 32% 36% 36% 39% 38% 35% 33% 14% 26% 26%
Net Profit 45 34 51 12 21 24 43 67 67 49 111 119
EPS in Rs 28.38 21.62 31.92 7.54 13.37 15.39 26.94 41.91 42.45 31.04 67.13 68.59
Dividend Payout % 18% 23% 19% 33% 37% 33% 22% 17% 17% 48% 22% 22%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 8%
TTM: 24%
Compounded Profit Growth
10 Years: 13%
5 Years: 23%
3 Years: 21%
TTM: 7%
Stock Price CAGR
10 Years: 21%
5 Years: 10%
3 Years: 17%
1 Year: -19%
Return on Equity
10 Years: 13%
5 Years: 16%
3 Years: 16%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
16 16 16 16 16 16 16 16 16 16 17 17
Reserves 245 271 310 317 316 331 377 430 484 489 606 715
Borrowings 173 159 277 265 304 321 213 241 246 263 115 167
104 129 136 130 154 151 155 198 180 176 211 209
Total Liabilities 539 574 740 728 790 819 760 885 926 944 949 1,108
202 244 250 334 312 294 327 322 419 406 396 461
CWIP 8 4 16 21 0 4 12 69 1 9 5 49
Investments 15 15 15 15 15 10 0 0 0 0 0 2
313 310 458 358 463 511 422 494 506 529 547 597
Total Assets 539 574 740 728 790 819 760 885 926 944 949 1,108

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
27 71 -54 121 8 89 153 88 71 74 294 55
-42 -41 -59 -91 -21 -28 -62 -105 -49 -34 -54 -173
8 -30 93 -38 16 -14 -128 1 -26 -40 -146 30
Net Cash Flow -7 0 -20 -7 2 47 -37 -16 -3 -0 95 -87

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 39 36 34 40 46 53 57 54 50 49 33 35
Inventory Days 148 128 188 122 158 148 144 179 180 216 174 159
Days Payable 18 19 38 30 37 40 41 73 52 61 65 47
Cash Conversion Cycle 169 145 184 132 167 162 160 161 178 204 142 147
Working Capital Days 95 78 118 97 112 101 88 92 100 116 62 53
ROCE % 19% 15% 17% 7% 9% 9% 14% 18% 17% 10% 22% 21%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
41.70 41.70 42.16 42.46 43.80 44.50 45.85 45.85 45.85 45.85 45.86 48.36
3.02 1.83 1.32 1.30 1.30 1.29 1.31 2.84 5.15 5.60 5.64 4.78
0.10 0.09 0.21 0.16 0.23 0.03 0.03 0.03 0.03 0.03 0.04 0.03
55.18 56.39 56.31 56.07 54.67 54.18 52.81 51.28 48.97 48.52 48.46 46.83

Documents