Birla Corporation Ltd

₹ 1,080 -3.09%

21 Nov 3:42 p.m.

birlacorporation.com BSE: 500335 NSE: BIRLACORPN

About

Birla corporation It is a company of M.P Birla Group. The Co is engaged in the manufacturing of cement of various kinds and also has a presence in the jute goods industry. ^[1]

Key Points

Product and Brand Offerings

The company manufactures different types of cement like OPC Cement, 43&53 grades, PPC cement, fly ash-based PPC, Low Alkali Portland Cement, and Portland Slag Cement, among other categories. It provides cement under the following classifications:
Popular Cement: Chetak, PSC & Samrat
Premium Cement: Unique, Ultimate, Ultimate Ultra, Perfect Plus & Samrat advanced
Institutional Cement: Concrecem & Multicem
Wall putty: MP Birla Perfect plus wall putty
Construction chemicals: IWP & SBR latex ^[1] ^[2] ^[3]^[4]

Website BSE NSE

Market Cap ₹ 8,317 Cr.
Current Price ₹ 1,080
High / Low ₹ 1,802 / 1,077
Stock P/E 27.3
Book Value ₹ 901
Dividend Yield 0.92 %
ROCE 9.01 %
ROE 6.59 %
Face Value ₹ 10.0

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Pros

Company has been maintaining a healthy dividend payout of 28.4%
Company's working capital requirements have reduced from 18.8 days to 12.6 days

Cons

The company has delivered a poor sales growth of 8.09% over past five years.
Company has a low return on equity of 4.86% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cement Industry: Cement - North India

Part of BSE 250 SmallCap Index Nifty 500 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 BSE Allcap BSE Commodities BSE 400 MidSmallCap Index BSE SmallCap Nifty MidSmallcap 400 BSE 500 Nifty Total Market

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	1,698	1,750	2,264	2,204	2,000	2,016	2,463	2,407	2,286	2,312	2,654	2,190	1,953
	1,431	1,528	1,988	1,944	1,906	1,872	2,188	2,109	1,997	1,934	2,182	1,932	1,775
Operating Profit	267	222	277	259	94	144	274	298	289	378	472	258	177
OPM %	16%	13%	12%	12%	5%	7%	11%	12%	13%	16%	18%	12%	9%
	13	14	31	3	42	8	67	16	27	16	33	17	17
Interest	63	61	55	70	93	87	89	97	95	97	82	86	85
Depreciation	98	101	100	115	125	130	140	140	143	145	150	146	145
Profit before tax	119	75	153	77	-82	-64	113	76	77	153	273	44	-36
Tax %	28%	19%	27%	20%	-32%	-23%	25%	22%	24%	29%	29%	26%	-29%
	86	60	111	62	-56	-50	85	60	58	109	193	33	-25
EPS in Rs	11.11	7.85	14.42	8.04	-7.33	-6.48	11.03	7.75	7.58	14.17	25.11	4.24	-3.27
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	2,603	3,016	3,210	3,268	4,348	5,730	6,549	6,916	6,785	7,461	8,682	9,663	9,109
	2,209	2,759	2,908	2,982	3,724	4,922	5,600	5,569	5,434	6,351	7,898	8,223	7,823
Operating Profit	394	258	302	286	624	808	949	1,347	1,352	1,110	785	1,440	1,286
OPM %	15%	9%	9%	9%	14%	14%	14%	19%	20%	15%	9%	15%	14%
	127	113	143	146	139	62	78	74	28	67	107	90	83
Interest	65	86	78	82	277	378	371	388	296	243	339	372	350
Depreciation	105	133	154	149	256	332	339	352	371	397	510	578	585
Profit before tax	351	152	213	201	230	160	317	682	713	538	43	580	435
Tax %	23%	15%	18%	17%	5%	4%	19%	26%	12%	26%	6%	27%
	270	130	175	168	219	154	256	505	630	399	40	421	310
EPS in Rs	35.10	16.86	22.76	21.78	28.50	19.99	33.20	65.60	81.83	51.76	5.26	54.61	40.25
Dividend Payout %	20%	36%	26%	28%	23%	33%	23%	11%	12%	19%	48%	18%

Compounded Sales Growth
10 Years:	12%
5 Years:	8%
3 Years:	13%
TTM:	-1%

Compounded Profit Growth
10 Years:	14%
5 Years:	11%
3 Years:	-15%
TTM:	119%

Stock Price CAGR
10 Years:	9%
5 Years:	12%
3 Years:	-6%
1 Year:	-14%

Return on Equity
10 Years:	7%
5 Years:	7%
3 Years:	5%
Last Year:	7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	77	77	77	77	77	77	77	77	77	77	77	77	77
Reserves	2,376	2,452	2,550	2,848	3,209	4,203	4,418	4,729	5,409	5,972	5,904	6,597	6,858
	1,226	1,401	1,302	1,281	4,255	4,130	4,049	4,282	4,146	4,326	4,462	3,903	3,976
	850	952	1,066	1,023	2,157	2,664	2,787	3,087	3,268	3,488	3,646	3,880	3,822
Total Liabilities	4,529	4,882	4,995	5,229	9,698	11,075	11,332	12,175	12,901	13,863	14,089	14,458	14,733
	1,738	1,870	1,928	2,033	6,362	7,368	7,263	7,325	7,323	7,577	9,843	9,790	9,598
CWIP	229	142	123	63	805	762	914	1,604	2,105	2,551	358	481	558
Investments	1,263	1,325	1,309	1,690	564	672	877	836	752	1,009	867	1,287	1,381
	1,300	1,546	1,636	1,443	1,966	2,272	2,277	2,411	2,721	2,726	3,021	2,900	3,196
Total Assets	4,529	4,882	4,995	5,229	9,698	11,075	11,332	12,175	12,901	13,863	14,089	14,458	14,733

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	196	359	282	249	677	805	1,064	1,341	1,328	1,039	805	1,619
	-111	-341	-11	-11	-982	-234	-543	-1,184	-582	-775	-365	-700
	-62	-10	-265	-202	280	-555	-535	-201	-702	-270	-318	-969
Net Cash Flow	23	8	6	36	-24	15	-14	-44	45	-6	122	-50

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	11	9	10	11	11	12	15	13	15	15	14	16
Inventory Days	523	353	428	343	339	301	303	313	301	288	360	228
Days Payable	116	106	123	98	198	224	243	208	218	264	307	200
Cash Conversion Cycle	417	256	314	255	152	89	75	118	99	38	67	43
Working Capital Days	63	10	47	16	19	19	0	-5	24	21	23	13
ROCE %	11%	6%	6%	7%	7%	7%	8%	12%	12%	8%	4%	9%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%
	3.72%	4.16%	4.34%	4.29%	4.49%	5.74%	7.18%	6.58%	6.45%	6.79%	5.99%	5.46%
	16.32%	16.29%	16.06%	15.71%	16.03%	16.37%	15.79%	16.00%	16.17%	15.60%	16.26%	16.20%
	17.06%	16.65%	16.70%	17.07%	16.57%	15.00%	14.15%	14.51%	14.48%	14.70%	14.84%	15.44%
No. of Shareholders	83,372	90,701	95,896	98,017	99,557	98,103	82,384	90,387	95,729	1,11,096	1,23,625	1,41,000

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%	62.90%
	2.28%	2.62%	2.09%	4.17%	3.61%	4.16%	5.74%	6.79%	5.46%
	17.10%	13.92%	15.98%	15.31%	13.77%	16.29%	16.37%	15.60%	16.20%
	17.72%	20.56%	19.03%	17.63%	19.72%	16.65%	15.00%	14.70%	15.44%
No. of Shareholders	26,958	42,925	45,323	46,471	69,660	90,701	98,103	1,11,096	1,41,000

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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