Sagar Cements Ltd - Stock Valuation and Financial Performance

BSE: 502090 | NSE: SAGCEM | Cement & Construction Materials | Small Cap

Sagar Cements Share Price

215.80 -7.05 -3.16%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Sagar Cements

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Sagar Cements stock performance -

mw4me loader
P/E Ratio (SA):
169.00
Market Cap:
2,820.7 Cr.
52-wk low:
194.8
52-wk high:
304.7

Is Sagar Cements Ltd an attractive stock to invest in?

1. Is Sagar Cements Ltd a good quality company?

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

2. Is Sagar Cements Ltd undervalued or overvalued?

The key valuation ratios of Sagar Cements Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Sagar Cements Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Sagar Cements 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 Sagar Cements:

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.
Sagar Cements 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 % 66.2%13.3%6.2%10.1%6.2%6.5%22.9%12.3%11.7%5.4%-
Value Creation
Index
3.7-0.1-0.6-0.3-0.6-0.50.6-0.1-0.2-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5486225367489028481,3751,5681,9641,9081,743
Sales YoY Gr.-13.4%-13.8%39.6%20.6%-6%62.2%14%25.3%-2.9%-
Adj EPS 6.15.71.24.82.63.2168.84.70.71.3
YoY Gr.--5.8%-79.1%303.3%-46.7%24.8%396.3%-44.8%-46.7%-85.7%-
BVPS (₹) 6063.776.980.882.990.7101.7110.1128.9130.5127.4
Adj Net
Profit
52.849.812.249.326.335.918810461.48.817
Cash Flow from Ops. 40.213235.897.789.4135423154134342-
Debt/CF from Ops. 6.11.56.52.73.21.90.95.84.41.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.9%16.2%11.5%-2.9%
Adj EPS -21.7%-23.6%-65.3%-85.7%
BVPS9%9.5%8.7%1.3%
Share Price 13.1% 16.2% -4.9% -16.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
13.99.31.86.13.13.716.98.34.10.51
Op. Profit
Mgn %
1115.410.915.710.814.229.418.37.79.69.1
Net Profit
Mgn %
9.682.36.62.94.213.76.63.10.51
Debt to
Equity
0.50.40.30.30.30.30.30.70.40.30.1
Working Cap
Days
1531982001321361488613713611172
Cash Conv.
Cycle
164212131-25-911-1-10

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.53%

Return on Equity has declined versus last 3 years average to 1.00%

Sales growth is not so good in last 4 quarters at -9.64%

Latest Financials - Sagar Cements Ltd.

Standalone Consolidated
TTM EPS (₹) 1.3 -6
TTM Sales (₹ Cr.) 1,743 2,414
BVPS (₹.) 127.4 141.4
Reserves (₹ Cr.) 1,648 1,822
P/BV 1.69 1.53
PE 169.00 0.00
From the Market
52 Week Low / High (₹) 194.75 / 304.65
All Time Low / High (₹) 0.92 / 319.00
Market Cap (₹ Cr.) 2,821
Equity (₹ Cr.) 26.1
Face Value (₹) 2
Industry PE 51

Management X-Ray of Sagar Cements:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *84.7910.9184.7984.7984.7979.3375.2479.8979.8979.89
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sagar Cements

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
Sales5486225367489028481,3751,5681,9641,908
Operating Expenses 4885274776308057299731,2821,8151,725
Manufacturing Costs370229232288327289370625901801
Material Costs5713375108211195240241394396
Employee Cost 33383645525676818689
Other Costs 27127134189215189287334434438
Operating Profit 60955811897118402286148183
Operating Profit Margin (%) 10.9%15.2%10.9%15.7%10.8%13.9%29.2%18.2%7.6%9.6%
Other Income 363292421171792722754
Interest 232930303334466916075
Depreciation 2223283344558180114117
Exceptional Items 0000000000
Profit Before Tax 378712476374628416310245
Tax 81221227101295602814
Profit After Tax 29749124927351891047431
PAT Margin (%) 54.1%7.9%2.3%6.6%3.0%4.1%13.8%6.6%3.7%1.6%
Adjusted EPS (₹)34.15.71.24.82.63.116.18.85.62.4
Dividend Payout Ratio (%)4%18%25%17%19%16%8%8%12%29%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 5215547848248451,0101,1951,2941,6841,705
Share Capital 17172020202224242626
Reserves 5045377648038259881,1711,2711,6581,679
Minority Interest0000000000
Debt209175206234248223333719499376
Long Term Debt121106148138142115231589328232
Short Term Debt88695896107108102130171145
Trade Payables75918478150169228192241365
Others Liabilities 192158142178259275407566443504
Total Liabilities 9979781,2171,3141,5021,6762,1632,7712,8672,951

Fixed Assets

Gross Block5556987788681,0981,2471,9192,0042,3582,503
Accumulated Depreciation221256283316359413674744855965
Net Fixed Assets3334424955527388341,2451,2601,5021,538
CWIP 11213521221072028297214
Investments 082258266275477239285496487
Inventories6266736810681124174222207
Trade Receivables584646587895101124141164
Cash Equivalents 2194170562810227157151227
Others Assets212325124191169159199743283314
Total Assets 9979781,2171,3141,5021,6762,1632,7712,8672,951

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 40132369889135423154134342
PBT 378712476374628416310245
Adjustment -318253745606612613464148
Changes in Working Capital -2060-20-9-43250-113-1158
Tax Paid 0-23-5-14-4-10-37-30-30-9
Cash Flow From Investing Activity 185-249-133-181-161-189-161-643189-118
Capex -93-43-133-181-169-66-30-108-78-97
Net Investments 36700-854-4-74428
Others -89-206083-126-127-528-175-28
Cash Flow From Financing Activity -11-100258-374838-50415-332-199
Net Proceeds from Shares 00216001036703500
Net Proceeds from Borrowing 19-3149-912-29-14464-539-87
Interest Paid -23-35-30-31-32-34-48-60-136-75
Dividend Paid -10-150-10-4-6-15-6-9-9
Others 4-192413725-39172-29
Net Cash Flow 214-217161-121-23-16213-74-925
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)77.849.151.876.143.193.7417.178.344.941.84
ROCE (%)66.2213.256.1810.076.196.4822.912.3111.735.39
Asset Turnover Ratio0.760.720.560.610.640.530.840.790.80.75
PAT to CFO Conversion(x)0.132.69323.33.862.241.481.8111.03
Working Capital Days
Receivable Days31272725283722212125
Inventory Days30334133354023283236
Payable Days386228427276198298302318201279

Sagar Cements Ltd Stock News

Sagar Cements Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sagar Cements on 20-Dec-2024 16:59 is ₹215.8.
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 Sagar Cements stood at ₹2,820.7.
The latest P/E ratio of Sagar Cements as of 20-Dec-2024 16:59 is 169.0.
The latest P/B ratio of Sagar Cements as of 20-Dec-2024 16:59 is 1.69.
The 52-week high of Sagar Cements is ₹304.6 and the 52-week low is ₹194.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sagar Cements is ₹1,743 ( Cr.) .

About Sagar Cements Ltd

Sagar Cements Limited was incorporated in the year 1981 with the object, inter-alia, of manufacturing of cement. The actual commercial journey started on January 26, 1985 with the production capacity of 66,000 tonnes of OPC per annum at Mattampally, Nalgonda – Hyderabad.

Sagar Cements Limited, is one of the most modern mini cement plants in the state of Andhra Pradesh. The most sophisticated state-of-the-art technology it uses is one of the strengths of the company. The plant is based on Dry Process Rotary Kiln Technology that is used in ‘Standard Quality' cement companies.

As its contribution to the fast developing modern India, Sagar Group, Sagar Cements has been playing the major role since 20 years by providing the cement that speaks for itself.

Now, with the help of most sophisticated technology and the trusted consumers, their product range is spreading its horizons that declare — their operations have grown to be among the largest in India. Since they believe progress is a continuous process, they are committed to become more aggressive and to be called as “The Preferred Cement Supplier of India”. This progress includes but not limited to high levels of assurance to the customers, greater financial performance for suppliers and prosperous future to their staff that can help them to play an even larger role in the community.

First Mini Plant: The first mini plant of the company is located at Mattampally, Nalgonda district, located within 35 km from the National Highway No 9 connecting Vijayawada-Hyderabad.

Sagar Cements Ltd and Vicat S.A. of France set up a 5.5-million-tonne a year cement plant at a cost of Rs 2,500 crore in Gulbarga, Karnataka in 2008. Vicat then picked up a 6.67 per cent stake in Sagar Cements for a consideration of Rs 70 crore. The joint venture, Vicat-Sagar Cements, explores opportunities for holding assets overseas. This venture gave Vicat an entry into the Indian market while for Sagar Cements it offers them an opportunity to tap overseas markets.The joint venture have an equity capital of Rs 720 crore, of which Sagar Cements’ share was Rs 196 crore and Vicat’s Rs 524 crore. The balance came as debt, for which Vicat was responsible.

Product range of the company includes:

Cements of OPC: 53 grade, OPC: 43 grade, SRC, IRS T-40 Super grade, Portland Pozzolona Cement and Portland Slag Cement.

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