Visaka Industries Ltd

Visaka Industrie Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Visaka Industries Ltd

₹ 110 2.47%
24 Apr 4:11 p.m.
visaka.co BSE: 509055 NSE : VISAKAIND
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]

Website BSE NSE
  • Market Cap ₹ 953 Cr.
  • Current Price ₹ 110
  • High / Low ₹ 178 / 75.3
  • Stock P/E 235
  • Book Value ₹ 88.0
  • Dividend Yield 1.82 %
  • ROCE 9.81 %
  • ROE 7.62 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 25.6%

Cons

  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
280.88 354.19 349.14 292.43 354.06 420.19 479.69 364.73 356.52 452.49 448.15 338.84 343.58
239.04 301.39 284.14 250.93 312.90 367.94 415.97 340.22 330.94 427.49 412.06 325.63 329.52
Operating Profit 41.84 52.80 65.00 41.50 41.16 52.25 63.72 24.51 25.58 25.00 36.09 13.21 14.06
OPM % 14.90% 14.91% 18.62% 14.19% 11.63% 12.43% 13.28% 6.72% 7.17% 5.52% 8.05% 3.90% 4.09%
2.18 2.42 2.11 2.04 3.09 2.63 2.70 2.22 -0.78 3.18 2.20 2.39 2.38
Interest 2.74 3.11 3.32 2.42 2.44 3.39 3.04 3.97 7.01 8.31 8.37 8.29 10.46
Depreciation 10.11 10.05 9.07 9.01 8.91 10.63 11.49 12.61 12.91 13.20 13.56 13.63 14.95
Profit before tax 31.17 42.06 54.72 32.11 32.90 40.86 51.89 10.15 4.88 6.67 16.36 -6.32 -8.97
Tax % 25.95% 26.60% 25.73% 25.69% 27.11% 26.97% 25.75% 27.29% 31.35% 34.93% 26.96% 19.94% 20.07%
23.08 30.87 40.64 23.86 23.99 29.84 38.52 7.38 3.35 4.34 11.95 -5.07 -7.16
EPS in Rs 2.80 3.75 4.93 2.90 2.91 3.45 4.46 0.85 0.39 0.50 1.38 -0.59 -0.83
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,050 1,147 1,416 1,653 1,583
942 953 1,216 1,513 1,495
Operating Profit 109 193 200 141 88
OPM % 10% 17% 14% 9% 6%
7 9 10 5 10
Interest 17 13 12 22 35
Depreciation 41 40 38 50 55
Profit before tax 57 149 161 74 8
Tax % 14% 26% 26% 27%
49 111 118 54 4
EPS in Rs 6.21 13.43 13.69 6.20 0.46
Dividend Payout % 48% 22% 22% 32%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 16%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 5%
TTM: -95%
Stock Price CAGR
10 Years: 22%
5 Years: 6%
3 Years: -1%
1 Year: 38%
Return on Equity
10 Years: %
5 Years: %
3 Years: 14%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 16 17 17 17 17
Reserves 489 606 715 754 743
263 115 167 387 471
176 211 210 212 201
Total Liabilities 944 949 1,109 1,370 1,432
406 396 461 621 623
CWIP 9 5 50 37 115
Investments 0 0 0 0 0
529 548 599 712 694
Total Assets 944 949 1,109 1,370 1,432

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
74 294 54 29
-34 -54 -171 -212
-40 -146 30 187
Net Cash Flow -0 95 -87 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 49 33 34 30
Inventory Days 216 174 160 157
Days Payable 61 65 47 38
Cash Conversion Cycle 204 142 147 149
Working Capital Days 109 61 84 90
ROCE % 22% 21% 10%

Shareholding Pattern

Numbers in percentages

9 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.85% 45.85% 45.86% 48.36% 48.36% 48.36% 48.42% 48.42% 48.42% 48.42% 48.42% 48.42%
5.15% 5.60% 5.64% 4.78% 4.51% 4.53% 3.72% 3.83% 3.22% 0.81% 0.33% 0.71%
0.03% 0.03% 0.04% 0.03% 0.03% 0.96% 0.84% 0.84% 0.67% 0.02% 0.02% 0.30%
48.97% 48.52% 48.46% 46.83% 47.09% 46.14% 47.03% 46.92% 47.70% 50.74% 51.23% 50.57%
No. of Shareholders 28,52629,78229,82529,75929,96430,41630,88131,21834,35240,96443,77451,717

* 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.

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