Deccan Cements Ltd

Deccan Cements Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Deccan Cements Ltd

₹ 570 -1.14%
21 Nov - close price
deccancements.com BSE: 502137 NSE: DECCANCE
About

Incorporated in 1979, Deccan Cements Ltd manufactures and sells Cement and does generation and selling of power from hydel and wind sources[1]

Key Points

Product Profile:
a) Ordinary Portland Cement (OPC):[1]
Company manufactures 3 grades namely, OPC 33 Grade, OPC 43 Grade and OPC 53 Grade cements
b) Portland Pozzolana Cement (PPC):[2]
PPC is special blended cement used in construction work like hydraulic structures, marine works, mass concreting such as dams, dykes, retaining walls foundations and sewage pipes. It is also suitable for use in applications such as masonry mortars and plastering
c) Portland Slag Cement (PSC):[3]
PSC is a blended cement used in general civil engineering construction works and is preferred for construction of main structures and in coastal areas
d) Specialty Cements:[4]
These specialty cements are modified Portland cement wherein certain components are added to Portland cement to impart the desired qualities. Company manufactures specialty cements like 53-S Grade OPC, Rapid Hardening Cement, Sulphate Resistant Cement, High Alumina Cement, Oil Well Cement

Website BSE NSE
  • Market Cap ₹ 801 Cr.
  • Current Price ₹ 570
  • High / Low ₹ 747 / 490
  • Stock P/E 25.2
  • Book Value ₹ 509
  • Dividend Yield 0.53 %
  • ROCE 7.67 %
  • ROE 7.08 %
  • Face Value ₹ 5.00
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Pros

  • Stock is trading at 1.12 times its book value

Cons

  • The company has delivered a poor sales growth of 4.18% over past five years.
  • Company has a low return on equity of 10.2% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 9.97% of profits 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 - South India

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
190.88 190.54 186.19 194.02 180.46 211.13 195.94 192.08 167.25 216.86 223.24 172.15 120.46
152.21 147.37 162.07 159.22 163.64 186.08 175.42 166.86 153.55 188.28 196.93 160.83 118.27
Operating Profit 38.67 43.17 24.12 34.80 16.82 25.05 20.52 25.22 13.70 28.58 26.31 11.32 2.19
OPM % 20.26% 22.66% 12.95% 17.94% 9.32% 11.86% 10.47% 13.13% 8.19% 13.18% 11.79% 6.58% 1.82%
1.85 2.59 -15.06 2.74 1.74 1.68 3.14 3.15 3.67 4.28 -11.43 3.02 2.89
Interest 2.50 2.79 2.71 2.96 2.71 3.30 3.50 2.42 2.86 3.83 3.27 3.02 3.41
Depreciation 6.74 6.35 6.43 6.83 6.90 6.89 6.78 6.81 6.92 6.96 6.94 7.01 7.11
Profit before tax 31.28 36.62 -0.08 27.75 8.95 16.54 13.38 19.14 7.59 22.07 4.67 4.31 -5.44
Tax % 25.38% 25.70% -350.00% 25.48% 26.59% 26.48% 26.08% 26.12% 37.55% 30.31% 35.76% 34.80% -25.92%
23.34 27.21 0.20 20.68 6.57 12.16 9.90 14.14 4.73 15.39 3.01 2.81 -4.04
EPS in Rs 16.66 19.43 0.14 14.76 4.69 8.68 7.07 10.09 3.38 10.99 2.15 2.01 -2.88
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
573 441 407 625 496 570 651 555 758 792 782 799 733
509 383 343 511 396 484 556 477 582 630 684 704 664
Operating Profit 65 57 64 115 100 86 95 79 176 162 97 96 68
OPM % 11% 13% 16% 18% 20% 15% 15% 14% 23% 20% 12% 12% 9%
3 2 3 1 2 3 10 -0 10 -8 9 -2 -1
Interest 31 27 27 15 7 6 8 7 8 10 13 13 14
Depreciation 25 24 19 20 22 23 22 21 23 26 27 28 28
Profit before tax 12 7 21 81 74 61 75 51 155 117 67 53 26
Tax % 41% 33% 6% 43% 36% 37% 39% -12% 26% 25% 26% 30%
7 5 20 46 47 39 46 57 115 88 49 37 17
EPS in Rs 5.22 3.59 14.20 32.54 33.48 27.52 32.88 40.44 82.19 62.52 35.20 26.60 12.27
Dividend Payout % 19% 17% 9% 8% 9% 11% 11% 10% 6% 8% 11% 11%
Compounded Sales Growth
10 Years: 6%
5 Years: 4%
3 Years: 2%
TTM: -4%
Compounded Profit Growth
10 Years: 26%
5 Years: 2%
3 Years: -24%
TTM: -22%
Stock Price CAGR
10 Years: 11%
5 Years: 12%
3 Years: -2%
1 Year: 16%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 10%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 7 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 218 223 238 279 325 358 399 443 558 639 680 712 707
238 239 191 79 70 33 54 106 104 166 265 520 611
113 119 114 127 132 161 161 155 193 173 202 207 207
Total Liabilities 576 588 550 493 535 560 621 710 861 985 1,155 1,446 1,532
396 373 356 342 377 363 354 378 446 453 440 423 414
CWIP 35 35 33 34 0 4 9 62 12 21 241 514 679
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
145 180 161 116 157 192 258 271 404 511 474 509 439
Total Assets 576 588 550 493 535 560 621 710 861 985 1,155 1,446 1,532

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
43 66 67 140 61 71 58 43 197 84 55 57
-14 -0 -2 -7 -27 -12 -14 -90 -45 -92 -219 -277
-46 -63 -82 -125 -15 -36 10 32 -9 45 80 238
Net Cash Flow -17 2 -17 9 19 23 55 -15 143 38 -85 18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 6 22 27 5 8 9 9 31 12 11 13 25
Inventory Days 654 935 712 397 464 364 374 493 341 349 601 408
Days Payable 310 164 152 150 25 16 27 169 218 132 291 164
Cash Conversion Cycle 350 793 587 251 446 357 356 355 135 227 323 268
Working Capital Days 24 54 53 17 30 26 25 15 -9 5 18 16
ROCE % 9% 7% 11% 24% 21% 17% 19% 13% 27% 20% 9% 8%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.24% 56.24% 56.24% 56.25% 56.24% 56.24% 56.24% 56.24% 56.24% 56.24% 56.24% 56.24%
7.63% 7.72% 8.14% 8.50% 8.97% 9.28% 9.40% 9.24% 10.07% 10.82% 10.94% 11.87%
0.40% 0.40% 0.44% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.65% 0.97% 0.78%
35.73% 35.63% 35.18% 34.77% 34.30% 33.99% 33.87% 34.01% 33.19% 32.28% 31.85% 31.10%
No. of Shareholders 20,46319,37318,74018,41717,60517,04616,44915,80714,87614,11813,91113,420

* 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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