Nuvoco Vistas Corporation Ltd - Stock Valuation and Financial Performance

BSE: 543334 | NSE: NUVOCO | Cement & Construction Materials | Small Cap

Nuvoco Vistas Corpor Share Price

352.10 -3.25 -0.91%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Nuvoco Vistas Corpor

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

Nuvoco Vistas Corporation stock performance -

mw4me loader
P/E Ratio (SA):
149.71
Market Cap:
12,575.5 Cr.
52-wk low:
292
52-wk high:
398.6

Is Nuvoco Vistas Corporation Ltd an attractive stock to invest in?

1. Is Nuvoco Vistas Corporation Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nuvoco Vistas Corporation Ltd is a average quality company.

2. Is Nuvoco Vistas Corporation Ltd undervalued or overvalued?

The key valuation ratios of Nuvoco Vistas Corporation Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Nuvoco Vistas Corporation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nuvoco Vistas Corporation Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Nuvoco Vistas Corpor:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Nuvoco Vistas Corporation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.5%9.9%6.7%7.8%5.2%8.3%5.4%4%-0.1%4.8%-
Value Creation
Index
-0.4-0.3-0.5-0.4-0.6-0.4-0.6-0.7-1.0-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5,2875,2795,1576,0947,0536,7935,8057,3428,5828,9398,662
Sales YoY Gr.--0.2%-2.3%18.2%15.7%-3.7%-14.5%26.5%16.9%4.2%-
Adj EPS 11.65.611.29.3-2.19.70.41.47.34.12.4
YoY Gr.--52%101.3%-17.5%-123.1%NA-96.2%281.1%414.2%-43.6%-
BVPS (₹) 87.292.1263.3274.5249.7217.8234249251.5255.8254.9
Adj Net
Profit
531255168139-42.723511.850.425914684
Cash Flow from Ops. 5876609229518461,0281,3868351,0231,048-
Debt/CF from Ops. 1.40.54.74.65.54.344.33.12.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6%4.9%15.5%4.2%
Adj EPS -11%NA122.8%-43.6%
BVPS12.7%0.5%3%1.7%
Share Price - - -11.3% -6.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
12.56.24.13.5-0.94.60.20.62.91.60.9
Op. Profit
Mgn %
15.513.614.116.212.819.119.314.29.612.312.2
Net Profit
Mgn %
104.83.32.3-0.63.50.20.731.61
Debt to
Equity
0.20.11.11.10.90.90.80.40.40.30.2
Working Cap
Days
9210510710510612116714813711342
Cash Conv.
Cycle
710109121174-2-40

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.48%

Net Profit is growing at healthy rate in last 3 years 122.76%

Return on Equity has declined versus last 3 years average to 0.90%

Sales growth is not so good in last 4 quarters at -2.48%

Latest Financials - Nuvoco Vistas Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 2.4 1.4
TTM Sales (₹ Cr.) 8,662 10,259
BVPS (₹.) 254.9 249.2
Reserves (₹ Cr.) 8,747 8,544
P/BV 1.38 1.41
PE 149.71 256.38
From the Market
52 Week Low / High (₹) 292.00 / 398.55
All Time Low / High (₹) 260.00 / 577.50
Market Cap (₹ Cr.) 12,575
Equity (₹ Cr.) 357.2
Face Value (₹) 10
Industry PE 51

Management X-Ray of Nuvoco Vistas Corpor:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Nuvoco Vistas Corpor

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales5,2875,2795,1576,0947,0536,7935,8057,3428,5828,939
Operating Expenses 4,4684,5654,4295,1066,1495,4964,6856,3047,7627,840
Manufacturing Costs1,5371,5421,4201,6392,0951,8621,5692,2042,7242,321
Material Costs1,1161,0911,1541,2701,4451,2301,0671,7552,4232,782
Employee Cost 271300290320381405404456481557
Other Costs 1,5441,6321,5641,8772,2292,0001,6461,8892,1332,180
Operating Profit 8197147289899031,2971,1201,0388201,100
Operating Profit Margin (%) 15.5%13.5%14.1%16.2%12.8%19.1%19.3%14.1%9.5%12.3%
Other Income 3839295453378311698120
Interest 14488231425452419517401353368
Depreciation 366250313392485528587652696644
Exceptional Items -60-43-1800000-2380
Profit Before Tax 2873721962261938799101-370208
Tax -2121413068431387746-46155
Profit After Tax 499231166158-24249235590153
PAT Margin (%) 9.4%4.4%3.2%2.6%-0.3%3.7%0.4%0.8%1.1%1.7%
Adjusted EPS (₹)10.95.111.010.5-1.210.30.71.52.54.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 3,9794,2053,9494,1174,9945,2797,3728,8938,9849,135
Share Capital 456456150150200242315357357357
Reserves 3,5223,7483,7993,9674,7945,0377,0578,5368,6278,778
Minority Interest0000000000
Debt3003034,3144,3734,6263,5933,8942,7712,2232,065
Long Term Debt3001504,2983,2063,3182,9313,8942,7712,2232,065
Short Term Debt0153161,1681,3086610000
Trade Payables5886267406817657866668701,1181,226
Others Liabilities 1,5651,0602,2822,4522,8263,7874,8404,1014,0974,025
Total Liabilities 6,4336,19311,28511,62413,21013,44416,77316,63516,42116,451

Fixed Assets

Gross Block6,5786,86012,71312,86613,87714,49914,83416,00916,32416,924
Accumulated Depreciation2,4192,6473,7984,1784,0354,5305,0495,6656,2646,770
Net Fixed Assets4,1594,2138,9158,6889,8429,9699,78610,34410,06010,154
CWIP 247124143144605647961144305219
Investments 0041284445602,5812,4572,2713,501
Inventories440458361430585603502768707666
Trade Receivables458523444415500506387459607697
Cash Equivalents 29817177431255114439318085
Others Assets8307039331,0591,0981,2082,1132,3702,2901,130
Total Assets 6,4336,19311,28511,62413,21013,44416,77316,63516,42116,451

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 5876609229518461,0281,3868351,0231,048
PBT 2873721962261938799101-370208
Adjustment 3363055227418679401,0169801,230916
Changes in Working Capital -53526475-23-199310-190185-47
Tax Paid -138-51-60-91-16-100-39-57-22-29
Cash Flow From Investing Activity -207-195-529-602-149-313-3,799-209-135-410
Capex -274-228-141-217-581-569-516-365-353-416
Net Investments 1213-396-391418245-731242155
Others 5520861411-3,2103231
Cash Flow From Financing Activity -218-592-503-383-636-5592,575-981-774-733
Net Proceeds from Shares 000-21001,6001,50000
Net Proceeds from Borrowing 73000-400-2201,067-2,002-351-269
Interest Paid -105-92-203-366-385-358-488-361-307-336
Dividend Paid 0000000000
Others -186-500-300414819396-118-116-128
Net Cash Flow 161-127-110-3461156162-355115-95
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)11.85.644.063.92-0.524.850.360.681.011.69
ROCE (%)8.539.896.697.775.218.335.443.96-0.144.75
Asset Turnover Ratio0.90.940.670.550.570.510.380.490.580.6
PAT to CFO Conversion(x)1.182.865.556.02N/A4.1360.2615.1811.376.85
Working Capital Days
Receivable Days21303025242728192024
Inventory Days24282623263235282825
Payable Days161203216204183230248160150154

Nuvoco Vistas Corporation Ltd Stock News

Nuvoco Vistas Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nuvoco Vistas Corpor on 20-Dec-2024 16:59 is ₹352.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Nuvoco Vistas Corpor stood at ₹12,575.5.
The latest P/E ratio of Nuvoco Vistas Corpor as of 20-Dec-2024 16:59 is 149.7.
The latest P/B ratio of Nuvoco Vistas Corpor as of 20-Dec-2024 16:59 is 1.38.
The 52-week high of Nuvoco Vistas Corpor is ₹398.6 and the 52-week low is ₹292.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nuvoco Vistas Corpor is ₹8,662 ( Cr.) .

About Nuvoco Vistas Corporation Ltd

Nuvoco Vistas Corporation is the fifth largest cement company in India and the largest cement company in East India in terms of capacity. It is one of the leading ready-mix concrete manufacturers in India. The company’s Cement Plants are strategically located with road and rail connectivity to its key markets of East India and North India. Its plants are also located in proximity to its limestone reserves and other raw materials, such as slag and fly ash. It transport clinker from its integrated cement plants to its grinding units via rail and road. Gypsum, coal, slag and pet coke, which are essential raw materials for the manufacture of cement and generation of power for its captive power plants, are sourced via rail and road. It has captive railway sidings at six of its plants, these give it a significant competitive advantage in transporting raw materials and finished products from these plants.

The company distributes its products through the trade segment, which mainly caters to individual home buyers (Trade Segment), and the non-trade segment, which is mainly via direct sales to institutional and bulk buyers. Its focus is on the Trade Segment, where its distribution channels are a mix of wholesale and retail dealers and a sub-dealer network. It has developed strong relationships with its channel partners over the years and built a loyal base of customers across its operational markets with the aim to achieve both its customers’ and its own growth objectives. It operates through a range of distribution channels and direct sales to improve its reach to customers.

Business area of the company

The company is the fifth-largest player in India and the largest cement company in East India, in terms of capacity. It offers a range of over 50 products across cement, RMX and modern building materials. Its diversified portfolio includes products and brands as follows:

  • Cement: The company’s cement portfolio includes different types of Cement like Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), Portland Pozzolana Cement (PPC) and Portland Composite Cement (PCC). As a part of its cement portfolio it has leading brands with multiple products under each brand including Concreto, Duraguard, Premium Slag Cement, Nirmax, Double Bull, Infracem and Procem. Our key brands include Concreto, Concreto Green, Duraguard, Duraguard Microfiber, Duraguard Waterseal, Duraguard Silver, Duraguard Rapidx Xtra, Premium Slag Cement, Nirmax Cement, Infracem Cement, Double Bull Cement, Procem Cement, Double Bull Master and Double Bull Subh. After being launched in 2004 Concreto has been one its best-selling brands, while Concreto and Duraguard are market leaders in terms of cement prices in the respective segment as well as regions.
  • Ready Mix Concrete (RMX): The company’s brand portfolio in its ready-mix concrete business includes Concreto, Instamix, Artiste and X-Con range of products. This portfolio includes products such as self-compacting concrete, decorative concrete, ready-to-use concrete, crack-resistant concrete, concrete with steel fibers, and lean concrete, as well as concrete with varied characteristics for specialty uses.
  • Modern Building Materials: The company’s modern building material products are a key differentiator for it. Its suite of products under this category include a range of construction chemicals, tile adhesives, wall putty, dry plaster, cover blocks and ready-mix dry concrete. Its modern building material products are marketed and sold under the ‘Zero M’ and ‘Instamix’ brands.

Awards, accreditations and recognitions

  • 2014: The company received the “Golden Peacock Occupational Health & Safety Award 2014” awarded by the Golden Peacock Awards, instituted by the Institute of Directors, India.
  • 2016: Received the “SHE Excellence Awards (Safety, Health & Environment) 2015-2016” for the Mejia Cement Plant having significant controls over hazardous processes in the category of large scale manufacturing (up to 3,000 employees) awarded by the Confederation of Indian Industry (Eastern Region).
  • 2016: Received the “17th National Award for Excellence in Energy Management 2016” recognising the Mejia Cement Plant as “Energy Efficient Unit” at the National Competition for Excellence in Energy Management organised by the Confederation of Indian Industry at Hyderabad.
  • 2017: Received the “FICCI Corporate Social Responsibility Award 2016-2017-Special Jury Commendation” recognising the commendable work done by our Company as a socially responsible company.
  • 2018: Received the “5th CSR Impact Award” in the category of women empowerment at the India CSR Summit and Exhibition, New Delhi.
  • 2018: Received the “19th National Award for Excellence in Energy Management 2018” recognising the Mejia Cement Plant as “Energy Efficient Unit” at the National Award for Excellence in Energy Management organised by the Confederation of Indian Industry at Hyderabad.
  • 2019: Received the “OHSSAI OH & S Award” at the OSHAI 4th Annual HSE Excellence & Sustainability Awards, 2019.
  • 2019: Received the “Special Commendation for Golden Peacock Occupational Health & Safety Award 2019” for the Chittorgarh Cement Plant awarded by the Golden Peacock Awards, instituted by the Institute of Directors, India.
  • 2020: Received the “Golden Peacock Innovative Product/ Service Award” awarded by the Golden Peacock Awards, instituted by the Institute of Directors, India.
  • 2020: Received the certificate of accreditation for the Construction Development & Innovation Centre (CDIC) from the National Accreditation Board for Testing and Calibration Laboratories.
  • 2020: Received the “Factory Safety Award Programme - 2020” for the Chittorgarh Cement Plant in the large category awarded by the Inspection Department of Factories and Boilers, Government of Rajasthan.

Major events and milestones

  • 1999: Commenced its operations with the acquisition of the cement business of the Tata Iron and Steel Company Limited, including the Jojobera Cement Plant and Sonadih Cement Plant.
  • 2002: Acquired the cement business of Raymond Limited, including the Arasmeta Cement Plant.
  • 2008: The company (through an erstwhile group entity) acquired the ready-mix concrete business of Larsen & Toubro Limited.
  • 2009: Commenced operations at the Mejia Cement Plant.
  • 2009: Commissioned a new clinker line at the Sonadih Cement Plant.
  • 2010: The Company (through an erstwhile group entity) commenced the supply of ready-mix concrete for World One building at Mumbai, Maharashtra.
  • 2012: Inauguration of Construction Development & Innovation Centre (CDIC) at Mumbai, Maharashtra.
  • 2013: Commenced operations at the Chittorgarh Cement Plant.
  • 2014: Commenced operations at the Bhiwani Cement Plant.
  • 2014: Supplied concrete for the construction of Nazrul Tirtha at Kolkata, West Bengal.
  • 2014: Supplied concrete for the construction of the Swami Narayan Temple at Kolkata, West Bengal.
  • 2015: The company commenced the supply of concrete to the metro railway project at Noida, Uttar Pradesh.
  • 2016: Nirchem Cement, an erstwhile wholly-owned subsidiary of Nirma, acquired all the Equity Shares held by Lafarge group in the company.
  • 2017: Commenced the supply of concrete to the metro railway project at Mumbai, Maharashtra.
  • 2017: The name of Company was changed to “Nuvoco Vistas Corporation Limited”.
  • 2019: The company commissioned its first captive power plant and waste heat recovery power plant in the Chittorgarh Cement Plant.
  • 2020: The company acquired NU Vista as a wholly-owned subsidiary.
  • 2020: The cement undertaking of Nirma Limited located at Nimbol, Rajasthan was amalgamated with the Company.
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