BSE: 532323 | NSE: | Cement & Construction Materials | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shiva Cement Ltd is a below average quality company.
The key valuation ratios of Shiva Cement Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shiva Cement Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 4.6% | 2.9% | -14.8% | -15.5% | -8.2% | -9.8% | -7.4% | -5.2% | -9.7% | 0.8% | - |
| Value Creation Index ⓘ | -0.7 | -0.8 | -2.1 | -2.1 | -1.6 | -1.7 | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 66.3 | 67.7 | 22 | 25.3 | 29.4 | 32.4 | 28.5 | 3.5 | 0 | 347 | 389 |
| Sales YoY Gr. | - | 2.1% | -67.5% | 15% | 16.3% | 10.3% | -12.2% | -87.8% | -99.7% | 34,68,000% | - |
| Adj EPS ⓘ | 0.1 | 0 | -0.6 | -1.2 | -1 | -1 | -1.1 | -0.8 | -2.9 | -3.3 | -3.4 |
| YoY Gr. | - | -100% | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 4.8 | 4.8 | 3.9 | 2.4 | 1.4 | 0.3 | -0.8 | -2 | -3.8 | -7 | 6.5 |
| Adj Net Profit ⓘ | 2.5 | 0 | -12.7 | -24 | -21.3 | -21.8 | -23.5 | -16.1 | -61.5 | -68.4 | -99 |
| Cash Flow from Ops. ⓘ | 9.4 | 14.1 | 34.7 | -59.3 | -4.8 | -11.2 | -4.5 | -113 | -110 | 253 | - |
| Debt/CF from Ops. ⓘ | 4.7 | 3.4 | 2.2 | -2.2 | -28.4 | -13.9 | -55.3 | -7.1 | -11.8 | 5.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 20.2% | 63.8% | 130.2% | 3468000% | ||||
| Adj EPS ⓘ | -243.1% | NA | NA | NA | ||||
| BVPSⓘ | -204.3% | -237.9% | NA | NA | ||||
| Share Price | 27% | 27.9% | 7.9% | -9.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.6 | 0 | -13.9 | -36.2 | -53 | -122 | 425.2 | 53.8 | 101.5 | 60.7 | 1248.2 |
| Op. Profit Mgn % ⓘ | 14.6 | 13.7 | -25.7 | -32.9 | -23.6 | -21.4 | -33.1 | -261.6 | -238136.4 | 11.2 | 7.8 |
| Net Profit Mgn % ⓘ | 3.8 | 0 | -58 | -95 | -72.4 | -67.3 | -82.6 | -465.6 | -1117251.8 | -19.7 | -25.5 |
| Debt to Equity ⓘ | 0.5 | 0.5 | 0.9 | 2.6 | 4.7 | 24.9 | -14.3 | -18.8 | -16.5 | -9.7 | 6.3 |
| Working Cap Days ⓘ | 235 | 252 | 628 | 456 | 447 | 405 | 855 | 18,730 | 2,10,17,447 | 331 | 126 |
| Cash Conv. Cycle ⓘ | 130 | 126 | 248 | 118 | 113 | 90 | 109 | 1,184 | 17,13,091 | -20 | -48 |
Sales growth is growing at healthy rate in last 3 years 130.15%
Return on Equity has declined versus last 3 years average to 1.00%
Sales growth is not so good in last 4 quarters at -12.90%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -3.4 | - |
| TTM Sales (₹ Cr.) | 389 | - |
| BVPS (₹.) ⓘ | 6.5 | - |
| Reserves (₹ Cr.) ⓘ | 132 | - |
| P/BV ⓘ | 5.96 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 37.00 / 57.49 |
| All Time Low / High (₹) | 0.85 / 62.54 |
| Market Cap (₹ Cr.) | 1,140 |
| Equity (₹ Cr.) | 59 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 48.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 66 | 68 | 22 | 25 | 29 | 32 | 28 | 3 | 0 | 347 |
| Operating Expenses ⓘ | 57 | 58 | 28 | 34 | 36 | 41 | 39 | 26 | 40 | 308 |
| Manufacturing Costs | 7 | 7 | 10 | 15 | 14 | 19 | 20 | 5 | 3 | 208 |
| Material Costs | 43 | 44 | 11 | 6 | 12 | 9 | 9 | 3 | 0 | 72 |
| Employee Cost | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 16 |
| Other Costs ⓘ | 4 | 4 | 3 | 8 | 6 | 9 | 7 | 16 | 35 | 11 |
| Operating Profit ⓘ | 10 | 9 | -6 | -8 | -7 | -8 | -11 | -22 | -40 | 39 |
| Operating Profit Margin (%) | 14.6% | 13.7% | -25.7% | -33.0% | -23.5% | -25.9% | -38.0% | -648.0% | -7,32,200.0% | 11.2% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 3 | 2 |
| Interest ⓘ | 3 | 4 | 8 | 14 | 15 | 15 | 15 | 9 | 13 | 101 |
| Depreciation ⓘ | 4 | 5 | 6 | 8 | 8 | 8 | 8 | 7 | 59 | 31 |
| Exceptional Items ⓘ | 0 | 0 | -11 | -10 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 1 | -30 | -40 | -29 | -31 | -29 | -35 | -109 | -92 |
| Tax ⓘ | 0 | 1 | -10 | -9 | -8 | -8 | -8 | -9 | -28 | -23 |
| Profit After Tax | 3 | 0 | -20 | -31 | -21 | -23 | -22 | -26 | -80 | -68 |
| PAT Margin (%) | 3.8% | 0.0% | -93.3% | -123.0% | -72.4% | -70.5% | -77.2% | -736.0% | -14,63,096.4% | -19.7% |
| Adjusted EPS (₹) | 0.1 | 0.0 | -1.0 | -1.5 | -1.0 | -1.1 | -1.1 | -1.2 | -3.9 | -3.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 100 | 100 | 82 | 51 | 30 | 6 | -17 | -43 | -78 | -147 |
| Share Capital ⓘ | 40 | 40 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 |
| Reserves ⓘ | 60 | 60 | 43 | 12 | -9 | -33 | -56 | -82 | -117 | -186 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 40 | 43 | 49 | 124 | 15 | 142 | 247 | 802 | 1,148 | 1,397 |
| Long Term Debt | 23 | 21 | 29 | 124 | 15 | 16 | 242 | 802 | 1,148 | 1,397 |
| Short Term Debt | 17 | 22 | 20 | 0 | 0 | 125 | 5 | 0 | 0 | 0 |
| Trade Payables | 4 | 3 | 7 | 8 | 6 | 7 | 8 | 5 | 51 | 60 |
| Others Liabilities ⓘ | 27 | 37 | 42 | 6 | 128 | 25 | 26 | 86 | 195 | 132 |
| Total Liabilities ⓘ | 170 | 183 | 179 | 188 | 178 | 180 | 263 | 850 | 1,315 | 1,442 |
Fixed Assets | ||||||||||
| Gross Block | 149 | 161 | 159 | 160 | 164 | 164 | 165 | 151 | 123 | 1,154 |
| Accumulated Depreciation | 38 | 44 | 6 | 14 | 22 | 29 | 37 | 39 | 87 | 120 |
| Net Fixed Assetsⓘ | 111 | 118 | 153 | 147 | 142 | 135 | 128 | 112 | 35 | 1,034 |
| CWIP ⓘ | 7 | 7 | 0 | 1 | 1 | 6 | 31 | 464 | 905 | 138 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 17 | 16 | 9 | 13 | 10 | 12 | 12 | 11 | 32 | 45 |
| Trade Receivables | 15 | 15 | 1 | 4 | 3 | 1 | 2 | 0 | 8 | 0 |
| Cash Equivalents | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 13 | 3 | 10 |
| Others Assetsⓘ | 20 | 26 | 15 | 23 | 21 | 25 | 82 | 250 | 332 | 215 |
| Total Assets ⓘ | 170 | 183 | 179 | 188 | 178 | 180 | 263 | 850 | 1,315 | 1,442 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 9 | 14 | 35 | -59 | -5 | -11 | -4 | -113 | -110 | 253 |
| PBT ⓘ | 3 | 1 | -30 | -40 | -29 | -31 | -29 | -35 | -109 | -92 |
| Adjustment ⓘ | 7 | 9 | 25 | 32 | 23 | 25 | 21 | 29 | 99 | 132 |
| Changes in Working Capital ⓘ | -0 | 5 | 40 | -51 | 2 | -5 | 4 | -107 | -99 | 213 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | -17 | -12 | -40 | -11 | -3 | -6 | -75 | -362 | -342 | -254 |
| Capex | -18 | 0 | -40 | -11 | -3 | -6 | -79 | -361 | -350 | -254 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 | 7 | 0 |
| Others ⓘ | 0 | -12 | 0 | 0 | 0 | 0 | 4 | 1 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 8 | -2 | 6 | 70 | 8 | 17 | 86 | 479 | 448 | 8 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 14 | 0 | 12 | 96 | 0 | -5 | 112 | 560 | 387 | 243 |
| Interest Paid ⓘ | -3 | -4 | -8 | -4 | 0 | 0 | -3 | -76 | -81 | -120 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -3 | 2 | -2 | -21 | 8 | 22 | -22 | -5 | 142 | -115 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 4 | -3 | 7 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.63 | 0.01 | -22.93 | -46.88 | -52.95 | -127.75 | N/A | N/A | N/A | N/A |
| ROCE (%) | 4.6 | 2.93 | -14.76 | -15.49 | -8.17 | -9.81 | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.47 | 0.44 | 0.13 | 0.14 | 0.16 | 0.18 | 0.13 | 0.01 | 0 | 0.25 |
| PAT to CFO Conversion(x) | 3 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 66 | 71 | 127 | 38 | 43 | 25 | 21 | 100 | 0 | 0 |
| Inventory Days | 92 | 78 | 192 | 152 | 138 | 121 | 152 | 1,220 | 0 | 40 |
| Payable Days | 38 | 32 | 178 | 448 | 214 | 260 | 308 | 866 | 0 | 282 |
Shiva Cement manufactures cement and allied products in India. It offers various types of cements, including PS cement. The company is based in Rourkela, India. The company has its plants located at Kalunga and Sundargarh in Orissa. The company has a combined installed capacity of 177,000 tonne per annum. ACC has 15% stake in Shiva Cement and is likely to increase it to 25%. Shiva Cement also sells ACC cement in West Bengal and in some pockets of north-eastern India.
Milestones:
2003: - Tied up an ECB for $7 million with Habib Bank.
2005: - In September 2005, the company received an in-principle approval for its debt restructuring plan from its consortium of bankers, lead by IFCI.
2007: - On July 17, 2007 the shareholders approved the preferential allotment of 1,000,000 equity shares to IFCI.
On June 18, 2007 the board approved the allotment of 9,500,000 equity shares upon conversion of equity share warrants out of 23,000,000 existing equity shares warrants.
2010 - Shiva Cement has won first prize for ""Best overall performance"" on the occasion of 48th Mines Safety Week Celebration, Chaibasa Region under Directorate General of Mines Safety, Ministry of Labour, Govt. of India.
-The Company has been selected for the National Safety Award (Mines) for the year 2008 under the category "Lowest injury frequency rate" by the Directorate General of Mines & Safety, Dhanhad, Govt. of India.
-The Company has received a "Certificate of Merit" awarded by 'Dalal Street Investment Journal' for ranking among India's top 400 small cap company.
2011 -ShivaCement signed MOU with Govt. of Odisha for expanding the plant capacity.
2012 -Kharkurbahai Limestone Mines of Shiva Cement Ltd has been awarded Second prize in "Air Quality Management" during 14th Mines Environment & Mineral Conservation Week 2011-12 under the Aegis of Indian Bureau of Mines, Govt. of India.
Business areas of the company:
The company’s principal activity is to manufacture cement and allied products. Its product includes PS cement.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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