Deccan Cements Ltd

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

Deccan Cements Ltd

₹ 677 -1.11%
03 Jul 1:49 p.m.
deccancements.com BSE: 502137 NSE: DECCANCE
About

Deccan Cements Ltd is a major producer of cement in south India from 1979 and began its commercial production in 1982 located at Bhavanipuram in Nalgonda District of Telangana. The brand is associated with the company's most familiar corporate Mascot 'Chamu'. [1]

Key Points

Product Segment
The company manufactures the regular grades of Cement, PPC and PSC cement.
Specialty cements produced include S53 for railway applications, SRC (Sulphate Resistant Cement), Low Heat Cement, Low Alkali Cement etc. [1]

Website BSE NSE
  • Market Cap ₹ 949 Cr.
  • Current Price ₹ 677
  • High / Low ₹ 735 / 470
  • Stock P/E 19.5
  • Book Value ₹ 513
  • Dividend Yield 0.55 %
  • ROCE 7.50 %
  • ROE 6.92 %
  • Face Value ₹ 5.00
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Pros

Cons

  • The company has delivered a poor sales growth of 4.18% over past five years.
  • Company has a low return on equity of 10.1% 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

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
213.83 224.24 190.88 190.54 186.19 194.02 180.46 211.13 195.94 192.08 167.25 216.86 223.24
176.79 168.86 152.21 147.37 162.07 159.22 163.64 186.08 175.42 166.86 153.55 188.28 196.93
Operating Profit 37.04 55.38 38.67 43.17 24.12 34.80 16.82 25.05 20.52 25.22 13.70 28.58 26.31
OPM % 17.32% 24.70% 20.26% 22.66% 12.95% 17.94% 9.32% 11.86% 10.47% 13.13% 8.19% 13.18% 11.79%
3.22 2.65 1.85 2.59 -15.06 2.74 1.74 1.68 3.14 3.15 3.67 4.28 -11.43
Interest 3.29 2.20 2.50 2.79 2.71 2.96 2.71 3.30 3.50 2.42 2.86 3.83 3.27
Depreciation 6.33 6.37 6.74 6.35 6.43 6.83 6.90 6.89 6.78 6.81 6.92 6.96 6.94
Profit before tax 30.64 49.46 31.28 36.62 -0.08 27.75 8.95 16.54 13.38 19.14 7.59 22.07 4.67
Tax % 27.90% 25.52% 25.38% 25.70% 350.00% 25.48% 26.59% 26.48% 26.08% 26.12% 37.55% 30.31% 35.76%
22.08 36.83 23.34 27.21 0.20 20.68 6.57 12.16 9.90 14.14 4.73 15.39 3.01
EPS in Rs 15.76 26.29 16.66 19.43 0.14 14.76 4.69 8.68 7.07 10.09 3.38 10.99 2.15
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
573 441 407 625 496 570 651 555 758 792 782 799
509 383 343 511 396 484 556 477 582 630 684 706
Operating Profit 65 57 64 115 100 86 95 79 176 162 97 94
OPM % 11% 13% 16% 18% 20% 15% 15% 14% 23% 20% 12% 12%
3 2 3 1 2 3 10 -0 10 -8 9 -0
Interest 31 27 27 15 7 6 8 7 8 10 13 12
Depreciation 25 24 19 20 22 23 22 21 23 26 27 28
Profit before tax 12 7 21 81 74 61 75 51 155 117 67 53
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
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
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: 2%
Compounded Profit Growth
10 Years: 26%
5 Years: 1%
3 Years: -25%
TTM: -2%
Stock Price CAGR
10 Years: 17%
5 Years: 12%
3 Years: 5%
1 Year: 37%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 10%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 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
238 239 191 79 70 33 54 106 104 166 265 520
113 119 114 127 132 161 161 155 193 173 202 207
Total Liabilities 576 588 550 493 535 560 621 710 861 985 1,155 1,446
396 373 356 342 377 363 354 378 446 453 440 423
CWIP 35 35 33 34 0 4 9 62 12 21 241 514
Investments 0 0 0 0 0 0 0 0 0 0 0 0
145 180 161 116 157 192 258 271 404 511 474 509
Total Assets 576 588 550 493 535 560 621 710 861 985 1,155 1,446

Cash Flows

Figures in Rs. Crores

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

Figures in Rs. Crores

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%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.24% 56.24% 56.24% 56.24% 56.24% 56.25% 56.24% 56.24% 56.24% 56.24% 56.24% 56.24%
3.60% 6.26% 7.63% 7.72% 8.14% 8.50% 8.97% 9.28% 9.40% 9.24% 10.07% 10.82%
0.07% 0.40% 0.40% 0.40% 0.44% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.65%
40.09% 37.09% 35.73% 35.63% 35.18% 34.77% 34.30% 33.99% 33.87% 34.01% 33.19% 32.28%
No. of Shareholders 17,16121,33520,46319,37318,74018,41717,60517,04616,44915,80714,87614,118

* 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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