BSE: 509055 | NSE: VISAKAIND | Cement & Construction Materials | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Visaka Industries Ltd is a average quality company.
The key valuation ratios of Visaka Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Visaka Industries Ltd is likely to Rise-somewhat 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 % ⓘ | 9% | 9.5% | 14% | 18.6% | 16.8% | 9.9% | 21.5% | 21% | 9.4% | 3.3% | - |
| Value Creation Index ⓘ | -0.4 | -0.3 | -0 | 0.3 | 0.2 | -0.3 | 0.5 | 0.5 | -0.3 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,021 | 1,005 | 961 | 1,012 | 1,136 | 1,050 | 1,146 | 1,416 | 1,647 | 1,521 | 1,498 |
| Sales YoY Gr. | - | -1.6% | -4.4% | 5.4% | 12.3% | -7.6% | 9.1% | 23.5% | 16.3% | -7.7% | - |
| Adj EPS ⓘ | 3.1 | 3.7 | 6.5 | 8.5 | 8.2 | 6.4 | 13.3 | 13.6 | 6.5 | 0.3 | -1.2 |
| YoY Gr. | - | 19.3% | 74.1% | 31.6% | -4% | -21.7% | 108.3% | 2.2% | -52.2% | -96.2% | - |
| BVPS (₹) ⓘ | 41.8 | 43.7 | 49.4 | 56.1 | 62.9 | 63.6 | 75.5 | 84.8 | 89.5 | 87.5 | 86.3 |
| Adj Net Profit ⓘ | 24.7 | 29.5 | 51.3 | 67.5 | 64.8 | 50.7 | 110 | 118 | 56.2 | 2.1 | -10 |
| Cash Flow from Ops. ⓘ | 7.6 | 89.3 | 153 | 88 | 70.9 | 74 | 294 | 55.5 | 30.1 | 4.9 | - |
| Debt/CF from Ops. ⓘ | 40.3 | 3.6 | 1.4 | 2.7 | 3.5 | 3.6 | 0.4 | 3 | 12.9 | 108.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.5% | 6% | 9.9% | -7.7% | ||||
| Adj EPS ⓘ | -24.4% | -50.2% | -73.4% | -96.2% | ||||
| BVPSⓘ | 8.5% | 6.8% | 5% | -2.2% | ||||
| Share Price | 14.7% | 13.6% | -7.8% | 9.1% | ||||
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 % ⓘ | 7.4 | 8.7 | 13.9 | 16.1 | 13.7 | 10.1 | 19.4 | 17.3 | 7.5 | 0.3 | -1.4 |
| Op. Profit Mgn % ⓘ | 9.9 | 10.3 | 13.5 | 15.1 | 12.4 | 10.6 | 16.8 | 14.1 | 8.4 | 5.8 | 5.5 |
| Net Profit Mgn % ⓘ | 2.4 | 2.9 | 5.3 | 6.7 | 5.7 | 4.8 | 9.6 | 8.3 | 3.4 | 0.1 | -0.7 |
| Debt to Equity ⓘ | 0.9 | 0.9 | 0.5 | 0.5 | 0.5 | 0.5 | 0.2 | 0.2 | 0.5 | 0.7 | 0.3 |
| Working Cap Days ⓘ | 125 | 144 | 142 | 149 | 160 | 182 | 158 | 139 | 145 | 165 | 87 |
| Cash Conv. Cycle ⓘ | 88 | 100 | 99 | 97 | 100 | 119 | 91 | 74 | 83 | 107 | 22 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years 9.88%
Sales growth is not so good in last 4 quarters at -5.96%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.2 | -1.5 |
| TTM Sales (₹ Cr.) | 1,498 | 1,506 |
| BVPS (₹.) ⓘ | 86.3 | 85.9 |
| Reserves (₹ Cr.) ⓘ | 733 | 725 |
| P/BV ⓘ | 1.07 | 1.08 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 82.49 / 178.00 |
| All Time Low / High (₹) | 1.00 / 178.00 |
| Market Cap (₹ Cr.) | 799 |
| Equity (₹ Cr.) | 17.3 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 51 |
| Pledged * | 13.89 | 14.25 | 15.21 | 15.86 | 15.86 | 12.14 | 12.14 | 12.14 | 12.26 | 12.26 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,021 | 1,005 | 961 | 1,012 | 1,136 | 1,050 | 1,146 | 1,416 | 1,647 | 1,521 |
| Operating Expenses ⓘ | 925 | 910 | 843 | 862 | 996 | 942 | 953 | 1,217 | 1,510 | 1,433 |
| Manufacturing Costs | 124 | 121 | 123 | 125 | 140 | 133 | 122 | 167 | 214 | 208 |
| Material Costs | 582 | 571 | 495 | 482 | 552 | 513 | 524 | 671 | 881 | 824 |
| Employee Cost | 59 | 68 | 75 | 92 | 108 | 116 | 120 | 132 | 137 | 134 |
| Other Costs ⓘ | 160 | 150 | 150 | 163 | 196 | 179 | 188 | 246 | 279 | 267 |
| Operating Profit ⓘ | 96 | 95 | 117 | 150 | 140 | 109 | 193 | 199 | 137 | 88 |
| Operating Profit Margin (%) | 9.4% | 9.5% | 12.2% | 14.8% | 12.3% | 10.4% | 16.8% | 14.1% | 8.3% | 5.8% |
| Other Income ⓘ | 2 | 3 | 6 | 5 | 15 | 7 | 9 | 11 | 14 | 11 |
| Interest ⓘ | 22 | 21 | 20 | 18 | 20 | 17 | 13 | 12 | 22 | 36 |
| Depreciation ⓘ | 43 | 36 | 34 | 35 | 35 | 41 | 40 | 38 | 50 | 58 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 | 0 |
| Profit Before Tax ⓘ | 33 | 40 | 69 | 102 | 100 | 57 | 149 | 161 | 74 | 4 |
| Tax ⓘ | 12 | 16 | 26 | 35 | 33 | 8 | 39 | 42 | 20 | 2 |
| Profit After Tax | 21 | 24 | 43 | 67 | 67 | 49 | 111 | 119 | 55 | 3 |
| PAT Margin (%) | 2.1% | 2.4% | 4.5% | 6.6% | 5.9% | 4.7% | 9.7% | 8.4% | 3.3% | 0.2% |
| Adjusted EPS (₹) | 2.7 | 3.1 | 5.4 | 8.4 | 8.5 | 6.2 | 13.4 | 13.7 | 6.3 | 0.3 |
| Dividend Payout Ratio (%) | 37% | 33% | 22% | 17% | 16% | 48% | 22% | 22% | 32% | 170% |
| 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 | 332 | 347 | 393 | 446 | 500 | 505 | 622 | 732 | 773 | 756 |
| Share Capital ⓘ | 16 | 16 | 16 | 16 | 16 | 16 | 17 | 17 | 17 | 17 |
| Reserves ⓘ | 316 | 331 | 377 | 430 | 484 | 489 | 606 | 715 | 756 | 738 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 286 | 299 | 183 | 211 | 226 | 242 | 97 | 131 | 345 | 474 |
| Long Term Debt | 67 | 54 | 77 | 91 | 78 | 86 | 77 | 49 | 164 | 207 |
| Short Term Debt | 219 | 246 | 106 | 119 | 148 | 156 | 20 | 82 | 182 | 267 |
| Trade Payables | 59 | 62 | 56 | 98 | 79 | 85 | 93 | 86 | 93 | 89 |
| Others Liabilities ⓘ | 113 | 110 | 129 | 130 | 158 | 126 | 175 | 201 | 182 | 175 |
| Total Liabilities ⓘ | 790 | 819 | 760 | 885 | 963 | 958 | 987 | 1,151 | 1,393 | 1,493 |
Fixed Assets | ||||||||||
| Gross Block | 567 | 584 | 361 | 387 | 522 | 550 | 579 | 680 | 883 | 1,063 |
| Accumulated Depreciation | 255 | 290 | 34 | 65 | 103 | 144 | 183 | 220 | 268 | 325 |
| Net Fixed Assetsⓘ | 312 | 294 | 327 | 322 | 419 | 406 | 396 | 461 | 615 | 738 |
| CWIP ⓘ | 0 | 4 | 12 | 69 | 1 | 9 | 5 | 49 | 36 | 28 |
| Investmentsⓘ | 15 | 10 | 0 | 0 | 0 | 0 | 0 | 2 | 12 | 14 |
| Inventories | 250 | 232 | 196 | 242 | 272 | 304 | 249 | 293 | 381 | 425 |
| Trade Receivables | 129 | 147 | 150 | 151 | 155 | 140 | 105 | 134 | 137 | 139 |
| Cash Equivalents | 28 | 75 | 38 | 23 | 20 | 19 | 117 | 27 | 31 | 39 |
| Others Assetsⓘ | 56 | 57 | 37 | 78 | 95 | 80 | 114 | 185 | 181 | 110 |
| Total Assets ⓘ | 790 | 819 | 760 | 885 | 963 | 958 | 987 | 1,151 | 1,393 | 1,493 |
| 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 ⓘ | 8 | 89 | 153 | 88 | 71 | 74 | 294 | 55 | 30 | 5 |
| PBT ⓘ | 33 | 40 | 69 | 102 | 100 | 57 | 149 | 161 | 74 | 4 |
| Adjustment ⓘ | 66 | 62 | 59 | 47 | 52 | 53 | 47 | 43 | 66 | 83 |
| Changes in Working Capital ⓘ | -87 | 9 | 49 | -31 | -44 | -20 | 129 | -106 | -88 | -79 |
| Tax Paid ⓘ | -5 | -22 | -25 | -30 | -38 | -16 | -31 | -42 | -23 | -4 |
| Cash Flow From Investing Activity ⓘ | -21 | -28 | -62 | -105 | -49 | -34 | -54 | -173 | -214 | -91 |
| Capex | -22 | -28 | -62 | -105 | -49 | -38 | -54 | -145 | -216 | -118 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 3 | 0 | -27 | 2 | 27 |
| Cash Flow From Financing Activityⓘ | 16 | -14 | -128 | 1 | -26 | -40 | -146 | 30 | 188 | 93 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -3 | 29 | 22 | -31 | 11 | -12 | -11 | 120 | 62 |
| Interest Paid ⓘ | -22 | -21 | -18 | -16 | -18 | -15 | -10 | -8 | -18 | -37 |
| Dividend Paid ⓘ | -5 | -15 | -4 | -11 | -13 | -42 | -8 | -28 | -14 | -17 |
| Others ⓘ | 42 | 25 | -135 | 6 | 37 | 6 | -115 | 77 | 100 | 85 |
| Net Cash Flow ⓘ | 2 | 47 | -37 | -16 | -3 | 0 | 95 | -87 | 4 | 7 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.38 | 7.2 | 11.57 | 15.88 | 14.26 | 9.82 | 19.63 | 17.5 | 7.28 | 0.33 |
| ROCE (%) | 8.95 | 9.45 | 13.95 | 18.55 | 16.79 | 9.85 | 21.46 | 20.99 | 9.4 | 3.33 |
| Asset Turnover Ratio | 1.48 | 1.37 | 1.34 | 1.27 | 1.23 | 1.09 | 1.18 | 1.32 | 1.29 | 1.05 |
| PAT to CFO Conversion(x) | 0.38 | 3.71 | 3.56 | 1.31 | 1.06 | 1.51 | 2.65 | 0.46 | 0.55 | 1.67 | Working Capital Days |
| Receivable Days | 37 | 46 | 51 | 53 | 49 | 51 | 39 | 31 | 30 | 33 |
| Inventory Days | 71 | 80 | 74 | 77 | 83 | 100 | 88 | 70 | 75 | 97 |
| Payable Days | 33 | 39 | 44 | 58 | 59 | 58 | 62 | 49 | 37 | 40 |
Visaka Industries started in 1985 with the commissioning of its fibre cement division in Hyderabad, Andhra Pradesh, India. This joint sector company was promoted by Dr G Vivekanand and the Andhra Pradesh Industrial Development Corporation to manufacture fibre cement sheets with a capacity of 36,000 tonnes per annum.
Currently Visaka produces 600,000 tonnes of fibre cement sheets per year.Visaka's greatest strenth is its people. All Visaka personnel are highly dedicated professionals, with decades of experience in the fibre cement industry. It diversified into textiles in 1992. The textile division manufactures yarns using state-of-the-art Twin Air Jet spinning technology from Murata, Japan with 28 MTS machines equivalent to 50,000 Ring Spindles. It produces about 7,000 metric tonnes of yarn per year and currently export about 2,000 tonnes to countries around the globe.
Visaka's high-tech fibre cement plant is a fully automated factory incorporating the latest and most sophisticated technology. Resulting in consistency -- in physical properties and strenght, which far exceeds the standards prescribed by IS.I
The Visaka personalised customer service is geared to ensure complete customer satisfaction. The marketing and technical team works closely with the customer, identifying his needs, helping in Roof Design - Installation and keeping in close contact before and after he buys the products.
Visaka's customer service is further supported by their stockists who are selected for their integrity and repute. They are also trained to provide technical advice to clients, such as advice on estimating, installation, etc, totally free of cost.
Today, Visaka is acclaimed as the biggest Unit with MTS installation in the world. The company have achieved the highest productivity and highest efficiencies, maintaining the best quality standards in the world. By adhering to stringent quality control measures and being sincere to quality systems, Visaka Industries Limited got ISO 9002 certificate in 1995 and Export House status in 2001.
In 2012 the company commenced the Commercial Production at Sambalpur unit.
Products:
Fibre cement sheet
Accessories
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