Is Saurashtra Cement a good quality company?

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

Is Saurashtra Cement undervalued or overvalued?

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

What is Saurashtra Cement share price return in the past 10 years?

Saurashtra Cement Ltd share price has appreciated 7.3% annually (CAGR) over the past ten years.

Is Saurashtra Cement a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Saurashtra Cement Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Saurashtra Cement Ltd - Stock Valuation and Financial Performance

Name: Saurashtra Cement
Brand: Saurashtra Cement

BSE: 502175 | NSE: SAURASHCEM | Cement & Construction Materials | Small Cap

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Saurashtra Cement Share Price

₹101.95 -2.65 -2.53%
as on 21-Nov'24 16:59

10 Year X-Ray of Saurashtra Cement:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	34.6%	27.6%	7.5%	12.3%	-0.5%	17.8%	20.9%	5.8%	-2.1%	10.1%	-
Value Creation Index ⓘ	1.5	1.0	-0.5	-0.1	-1.0	0.3	0.5	-0.6	-1.2	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	563	530	470	574	622	608	674	1,451	1,645	1,765	1,626
Sales YoY Gr.	-	-5.9%	-11.2%	22%	8.4%	-2.2%	10.8%	115.4%	13.4%	7.3%	-
Adj EPS ⓘ	9.1	6.1	2	8.9	-1.1	9.9	10.2	3.3	-4	6.2	2
YoY Gr.	-	-32.5%	-67.5%	347.7%	-111.8%	NA	3.8%	-67.5%	-219.5%	NA	-
BVPS (₹) ⓘ	44.7	44	52.2	60.1	58	63.8	74	149.2	145.3	83.4	80.5
Adj Net Profit ⓘ	46.5	36.9	13.8	61.6	-7.3	68.6	71.5	18.9	-22.6	68.7	22
Cash Flow from Ops. ⓘ	79.9	76.4	34.2	49.3	14.3	62.6	134	-8.4	21.3	155	-
Debt/CF from Ops. ⓘ	0.2	0.3	0.5	0.4	2.3	0.4	0.2	-12.2	3	0.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.5%	23.2%	37.9%	7.3%
Adj EPS ⓘ	-4.2%	NA	-15.5%	NA
BVPSⓘ	7.2%	7.5%	4.1%	-42.6%
Share Price	7.3%	18.5%	14.6%	25.9%

Key Financial Parameters ⓘ

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 % ⓘ	22.8	14.6	4.4	15.9	-1.8	15.9	14.7	2.7	-2.5	7.6	2.5
Op. Profit Mgn % ⓘ	15.9	12	6.4	8.8	0.8	18.2	17	4.4	0.4	7.4	4.4
Net Profit Mgn % ⓘ	8.3	7	2.9	10.8	-1.2	11.3	10.6	1.3	-1.4	3.9	1.4
Debt to Equity ⓘ	0.1	0.1	0.1	0	0.1	0.1	0	0.1	0.1	0.1	0
Working Cap Days ⓘ	75	87	97	88	76	91	86	54	75	84	68
Cash Conv. Cycle ⓘ	19	20	13	9	14	22	28	25	33	25	8

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 37.86%

Return on Equity has declined versus last 3 years average to 2.50%

Net Profit has been subdued in last 3 years -15.45%

Sales growth is not so good in last 4 quarters at -7.00%

Latest Financials - Saurashtra Cement Ltd.

	Standalone	Consolidated
TTM EPS (₹)	2	2
TTM Sales (₹ Cr.)	1,626	1,626
BVPS (₹.) ⓘ	80.5	80.5
Reserves (₹ Cr.) ⓘ	784	784
P/BV ⓘ	1.27	1.27
PE ⓘ	50.41	51.31

From the Market
52 Week Low / High (₹)	76.85 / 148.80
All Time Low / High (₹)	6.00 / 4600.00
Market Cap (₹ Cr.)	1,133
Equity (₹ Cr.)	111.1
Face Value (₹)	10
Industry PE ⓘ	47.5

Management X-Ray of Saurashtra Cement:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

19.62

19.61

0.00

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

Valuation of Saurashtra Cement

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Saurashtra Cement

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	563	530	470	574	622	608	674	1,451	1,645	1,765
Operating Expenses ⓘ	474	467	441	524	617	499	559	1,387	1,640	1,636
Manufacturing Costs	269	246	250	269	332	264	272	831	967	887
Material Costs	38	43	25	30	40	3	41	64	146	166
Employee Cost	35	39	39	41	49	45	45	94	98	112
Other Costs ⓘ	132	139	127	184	195	187	200	399	429	470
Operating Profit ⓘ	89	63	29	50	5	109	115	64	6	130
Operating Profit Margin (%)	15.8%	11.9%	6.3%	8.7%	0.8%	18.0%	17.0%	4.4%	0.3%	7.3%
Other Income ⓘ	8	13	11	18	8	8	12	16	13	36
Interest ⓘ	13	5	4	3	5	5	4	9	9	8
Depreciation ⓘ	35	13	15	18	18	20	20	33	39	47
Exceptional Items ⓘ	31	10	0	0	3	-16	0	-1	0	-20
Profit Before Tax ⓘ	79	69	21	46	-7	77	103	36	-29	90
Tax ⓘ	12	25	7	-16	-2	21	30	14	-7	33
Profit After Tax	68	44	14	63	-5	57	72	21	-22	57
PAT Margin (%)	12.0%	8.3%	3.0%	10.9%	-0.8%	9.3%	10.7%	1.5%	-1.3%	3.2%
Adjusted EPS (₹)	13.2	5.6	2.0	9.0	-0.7	8.1	10.4	3.8	-3.9	5.2
Dividend Payout Ratio (%)	0%	18%	49%	11%	0%	21%	17%	0%	0%	39%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	238	267	361	416	402	444	517	845	824	926
Share Capital ⓘ	58	60	69	69	69	70	70	57	57	111
Reserves ⓘ	180	207	292	346	333	374	447	789	767	815
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	4	19	17	16	30	25	17	93	59	80
Long Term Debt	0	1	2	3	4	6	5	11	5	10
Short Term Debt	4	18	15	13	26	18	13	82	54	69
Trade Payables	46	27	51	52	63	55	37	84	107	204
Others Liabilities ⓘ	129	146	162	119	100	156	172	374	366	384
Total Liabilities ⓘ	418	459	590	603	596	678	744	1,396	1,357	1,594
Fixed Assets
Gross Block	553	587	649	675	706	721	732	1,436	1,474	1,536
Accumulated Depreciation	375	386	332	341	358	370	386	623	643	663
Net Fixed Assetsⓘ	178	201	317	334	349	351	345	813	831	872
CWIP ⓘ	53	40	48	43	37	38	61	78	51	31
Investmentsⓘ	19	19	9	6	5	4	8	0	0	1
Inventories	78	48	58	56	78	100	56	186	180	263
Trade Receivables	19	14	15	19	16	34	29	59	78	88
Cash Equivalents	21	64	70	81	80	102	188	209	77	249
Others Assetsⓘ	50	73	73	63	30	50	57	50	139	90
Total Assets ⓘ	418	459	590	603	596	678	744	1,396	1,357	1,594

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	80	76	34	49	14	63	134	-8	21	155
PBT ⓘ	79	69	21	46	-7	77	103	36	-29	90
Adjustment ⓘ	13	-4	12	10	21	39	17	31	38	24
Changes in Working Capital ⓘ	7	24	11	2	4	-39	30	-65	16	48
Tax Paid ⓘ	-19	-12	-10	-9	-3	-14	-16	-11	-3	-8
Cash Flow From Investing Activity ⓘ	18	-24	-25	-37	-15	-38	-121	-30	32	-157
Capex	16	-24	-31	-31	-31	-23	-39	-45	-38	-67
Net Investments	0	0	0	-12	3	-21	-83	58	60	-100
Others ⓘ	2	1	5	5	13	5	1	-42	10	10
Cash Flow From Financing Activityⓘ	-100	-65	-7	-12	3	-23	-17	31	-49	3
Net Proceeds from Shares ⓘ	0	9	9	0	0	0	0	2	0	0
Net Proceeds from Borrowing ⓘ	-105	-7	1	1	2	3	-2	-8	-12	6
Interest Paid ⓘ	-13	-5	-3	-3	-4	-3	-3	-8	-8	-7
Dividend Paid ⓘ	0	-12	-7	-7	-7	-12	-6	-4	0	-11
Others ⓘ	18	-51	-7	-3	11	-11	-7	50	-30	14
Net Cash Flow ⓘ	-2	-12	2	0	2	1	-4	-7	5	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	34.67	17.74	4.48	16.1	-1.19	13.38	15.07	3.15	-2.66	6.53
ROCE (%)	34.63	27.63	7.52	12.29	-0.45	17.83	20.88	5.8	-2.06	10.06
Asset Turnover Ratio	1.51	1.35	1.01	0.99	1.06	0.98	0.97	1.39	1.23	1.24
PAT to CFO Conversion(x)	1.18	1.73	2.43	0.78	N/A	1.11	1.86	-0.38	N/A	2.72
Working Capital Days
Receivable Days	10	10	10	10	10	15	17	11	15	17
Inventory Days	39	39	37	35	39	52	41	30	40	44
Payable Days	388	310	577	635	524	8,180	407	345	240	342

Saurashtra Cement Ltd Stock News

Saurashtra Cement Ltd FAQs

What is the share price of Saurashtra Cement?

Company share prices are keep on changing according to the market conditions. The closing price of Saurashtra Cement on 21-Nov-2024 16:59 is ₹102.0.

What is the market cap of Saurashtra Cement?

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 21-Nov-2024 16:59 the market cap of Saurashtra Cement stood at ₹1,132.9.

What is the P/E ratio of Saurashtra Cement?

The latest P/E ratio of Saurashtra Cement as of 21-Nov-2024 16:59 is 50.41.

What is the P/B ratio of Saurashtra Cement?

The latest P/B ratio of Saurashtra Cement as of 21-Nov-2024 16:59 is 1.27.

What is the 52-week high and low of Saurashtra Cement?

The 52-week high of Saurashtra Cement is ₹148.8 and the 52-week low is ₹76.85.

What is the TTM revenue of Saurashtra Cement?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Saurashtra Cement is ₹1,626 ( Cr.) .

About Saurashtra Cement Ltd

Saurashtra Cement (SCL) is the flagship company of the Mehta Group, formed in 1956. SCL is one of the leading players in the Indian cement industry, manufacturing Ordinary Portland Cement (OPC) and Pozzolana Portland Cement (PPC). It also added Sulphate Resistant Cement (SRC) and Portland Slag Cement (PSC) to its product range. SCL markets cement under the brand name 'Hathi Cement'. The product is marketed in 50 kg bag, packed in HDPE/PP or paper bags. The product is identified in the market by a special greenish tinge to give superior finish on external surface. Keeping in tune with the recent market trends, the company has launched cement packed in 1 kg, 2 kg, 5 kg and 10 kg bags in the retail cement market under the brand name â€˜Chhotu Hathiâ€™. SCL's plant at Ranvav in Gujarat state has a cement manufacturing capacity of 1.4 MTPA. The plant at Ranvav is a modern energy efficient dry process based plant comparable to international standards and makes use of latest machinery sourced from reputed international companies. The plant offers locational advantages because of its proximity to the Porbandar and Veraval/Okha ports. SCL thus has competitive access to the large export markets in the Middle East countries, Sri Lanka and Bangladesh by the economical sea route. SCL's modernization scheme implemented in the past has paid the results. State-of-the-art equipment and control systems installed has led to capacity enhancement, reduction in power and fuel consumption and improvement in quality and emission levels.

Product range of the company includes:

Ordinary Portland Cement (OPC)
Pozzolana Portland Cement (PPC)
Sulphate Resistant Cement (SRC)
Portland Slag Cement (PSC)

Subsidiary:

Gujarat Sidhee Cement Limited (GSCL) was originally set up as a joint venture between the Gujarat Industrial Investment Corporation and The Mehta Group. GSCLâ€™s plant uses the latest Dry Process Pre-calcination technology comparable to international standards. The state-of-the art plant makes use of machinery which is sourced from reputed international companies. The plant, operating at over 100% capacity, is also one of India's cost effective cement producers.

Awards & Achievements:

ISO 9002 Certification from RWTUV, Germany for Quality Systems.
ISO 14001 Certification from RWTUV, Germany for Environmental Management System.
National Productivity Award for Best Production Performance 1995-96.
National Productivity Award for Second Best Productivity in 1994-95, 1995-96 & 1996-97.
CAPEXIL Award for Export Recognition, 1995
Indira Gandhi National Memorial Award for Excellence in Indian Industry.
In addition to the above, the Company has received about 50 Awards from Indian Bureau of Mines and Director General of Mines Safety for Mining in relation to Pollution Control, Soil Management, Safety, Operations & Aforestation etc.
SCL is an ISO 9001:2000 company and recognized Export House in the country.