India Cements Ltd

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

India Cements Ltd

₹ 353 1.84%
22 Jul 4:01 p.m.
indiacements.co.in BSE: 530005 NSE: INDIACEM
About

India Cements Ltd is a leading cement manufacturing company headquartered in Chennai. It was incorporated in the year 1946 by Shri S N N Sankaralinga Iyer and Sri T S Narayanaswami. While retaining cement over the years as its mainstay, India Cements has ventured into related fields like shipping, captive power and coal mining that have purposeful synergy to the core business. The co is also a sponsor of the IPL franchise “Chennai Super Kings”. [1]

Key Points

Revenue Mix
The revenue for the company for FY20 was mainly contributed by the sale of cement (95% of total revenues). [1]

Website BSE NSE
  • Market Cap ₹ 10,968 Cr.
  • Current Price ₹ 353
  • High / Low ₹ 359 / 173
  • Stock P/E
  • Book Value ₹ 174
  • Dividend Yield 0.00 %
  • ROCE -0.68 %
  • ROE -4.45 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.56% over past five years.
  • Company has a low return on equity of -3.42% over last 3 years.
  • Promoters have pledged 47.5% of their holding.
  • Earnings include an other income of Rs.96.4 Cr.

* 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

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
1,450 1,022 1,190 1,108 1,392 1,446 1,255 1,219 1,460 1,393 1,222 1,082 1,245
1,249 860 1,057 1,004 1,331 1,415 1,346 1,289 1,505 1,388 1,214 1,033 1,199
Operating Profit 201 162 134 104 61 31 -91 -70 -44 5 8 49 47
OPM % 14% 16% 11% 9% 4% 2% -7% -6% -3% 0% 1% 5% 4%
12 3 3 6 5 8 4 298 -95 7 6 43 41
Interest 53 55 51 50 48 59 66 61 49 58 59 60 64
Depreciation 61 54 56 55 54 52 54 54 53 53 53 57 57
Profit before tax 98 56 29 5 -36 -72 -207 114 -242 -99 -99 -24 -33
Tax % 27% 33% 25% 36% -35% -206% -33% 21% -10% -24% -18% -31% -11%
72 37 22 3 -24 76 -138 91 -218 -75 -81 -17 -29
EPS in Rs 2.31 1.21 0.71 0.11 -0.77 2.46 -4.44 2.93 -7.03 -2.43 -2.63 -0.53 -0.95
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
4,597 4,441 4,424 4,229 5,079 5,176 5,628 5,058 4,437 4,713 5,381 4,942
3,772 3,902 3,740 3,453 4,216 4,475 4,986 4,469 3,628 4,251 5,553 4,833
Operating Profit 825 539 684 776 863 701 642 589 809 462 -173 109
OPM % 18% 12% 15% 18% 17% 14% 11% 12% 18% 10% -3% 2%
17 -71 30 18 14 11 27 -76 21 15 213 96
Interest 308 354 426 382 360 340 324 334 265 204 234 240
Depreciation 282 276 258 219 257 256 251 247 242 220 213 220
Profit before tax 252 -162 29 192 260 116 93 -68 323 54 -407 -255
Tax % 35% 0% 0% 32% 33% 13% 26% -48% 31% 28% -54% -20%
164 -162 29 130 173 101 69 -36 222 39 -189 -203
EPS in Rs 5.32 -5.29 0.96 4.23 5.64 3.27 2.24 -1.15 7.16 1.26 -6.08 -6.54
Dividend Payout % 38% 0% 0% 24% 18% 24% 36% -52% 14% 80% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: -3%
3 Years: 4%
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 34%
Stock Price CAGR
10 Years: 13%
5 Years: 30%
3 Years: 21%
1 Year: 69%
Return on Equity
10 Years: 0%
5 Years: -1%
3 Years: -3%
Last Year: -4%

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
Equity Capital 307 307 307 308 308 308 310 310 310 310 310 310
Reserves 3,782 3,544 3,286 4,673 4,802 4,892 4,930 5,105 5,308 5,508 5,289 5,089
3,023 3,202 3,201 3,155 2,921 3,100 3,270 3,533 3,006 3,068 2,924 2,608
1,690 1,683 1,518 2,226 2,614 2,399 2,595 2,504 2,250 2,899 2,662 2,439
Total Liabilities 8,803 8,737 8,311 10,362 10,645 10,699 11,105 11,452 10,874 11,785 11,186 10,445
4,142 4,161 3,586 7,182 6,973 6,796 6,713 6,826 6,670 6,688 6,547 6,623
CWIP 339 101 89 93 128 171 177 196 187 272 313 190
Investments 958 946 1,585 551 619 588 695 737 746 780 494 492
3,364 3,529 3,051 2,536 2,926 3,143 3,520 3,694 3,271 4,046 3,832 3,140
Total Assets 8,803 8,737 8,311 10,362 10,645 10,699 11,105 11,452 10,874 11,785 11,186 10,445

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
666 536 579 917 812 468 413 414 1,036 418 -11 310
-572 -243 -99 -160 -188 -294 -240 -340 -196 -254 429 246
-93 -294 -479 -798 -624 -173 -175 -74 -840 -168 -405 -558
Net Cash Flow 2 -2 2 -41 0 2 -2 -0 0 -5 14 -2

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 37 35 38 46 37 44 47 52 45 71 55 51
Inventory Days 324 344 333 321 307 261 294 334 274 402 302 245
Days Payable 507 540 452 555 543 456 470 539 505 621 518 481
Cash Conversion Cycle -146 -161 -81 -188 -200 -151 -129 -153 -186 -147 -161 -185
Working Capital Days 1 -23 -10 -59 -23 0 2 5 18 60 103 74
ROCE % 8% 4% 7% 8% 8% 6% 5% 4% 7% 3% -4% -1%

Shareholding Pattern

Numbers in percentages

73 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
28.42% 28.42% 28.42% 28.42% 28.42% 28.42% 28.42% 28.42% 28.42% 28.42% 28.42% 28.42%
13.22% 13.20% 13.29% 13.42% 13.86% 13.07% 13.15% 13.65% 13.43% 13.58% 13.27% 17.64%
6.30% 7.91% 8.84% 7.69% 9.50% 9.90% 9.38% 9.43% 10.04% 8.94% 8.47% 5.84%
52.07% 50.47% 49.46% 50.47% 48.24% 48.62% 49.04% 48.52% 48.12% 49.06% 49.83% 48.08%
No. of Shareholders 1,65,8841,81,4981,85,6491,95,5511,82,6231,89,4471,95,9741,94,2541,85,7581,96,4262,06,6672,11,262

* 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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