India Cements Ltd

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

India Cements Ltd

₹ 374 0.43%
26 Dec - close price
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

Product Offerings
The company primarily manufactures two standard types of cement including Ordinary Portland Cement and Portland Pozzolana Cement, the mix being 35:65. [1]

Website BSE NSE
  • Market Cap ₹ 11,592 Cr.
  • Current Price ₹ 374
  • High / Low ₹ 386 / 173
  • Stock P/E
  • Book Value ₹ 168
  • Dividend Yield 0.00 %
  • ROCE -0.73 %
  • ROE -4.53 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

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 -3.44% over last 3 years.
  • Promoters have pledged 68.2% of their holding.

* 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

Part of BSE 250 SmallCap Index Nifty Smallcap 250 BSE 500 Nifty Total Market BSE Allcap

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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
1,190 1,108 1,392 1,446 1,255 1,219 1,460 1,393 1,222 1,082 1,245 972 1,017
1,057 1,004 1,331 1,415 1,346 1,289 1,505 1,388 1,214 1,033 1,199 1,003 1,180
Operating Profit 134 104 61 31 -91 -70 -44 5 8 49 47 -31 -164
OPM % 11% 9% 4% 2% -7% -6% -3% 0% 1% 5% 4% -3% -16%
3 6 5 8 4 298 -95 7 6 43 41 247 16
Interest 51 50 48 59 66 61 49 58 59 60 64 82 73
Depreciation 56 55 54 52 54 54 53 53 53 57 57 55 54
Profit before tax 29 5 -36 -72 -207 114 -242 -99 -99 -24 -33 78 -274
Tax % 25% 36% -35% -206% -33% 21% -10% -24% -18% -31% -11% 27% -13%
22 3 -24 76 -138 91 -218 -75 -81 -17 -29 57 -240
EPS in Rs 0.71 0.11 -0.77 2.46 -4.44 2.93 -7.03 -2.43 -2.63 -0.53 -0.95 1.85 -7.74
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
4,597 4,441 4,424 4,229 5,079 5,176 5,628 5,058 4,437 4,713 5,381 4,942 4,315
3,772 3,902 3,740 3,453 4,216 4,475 4,986 4,469 3,628 4,251 5,553 4,829 4,414
Operating Profit 825 539 684 776 863 701 642 589 809 462 -173 114 -99
OPM % 18% 12% 15% 18% 17% 14% 11% 12% 18% 10% -3% 2% -2%
17 -71 30 18 14 11 27 -76 21 15 213 92 347
Interest 308 354 426 382 360 340 324 334 265 204 234 240 279
Depreciation 282 276 258 219 257 256 251 247 242 220 213 220 222
Profit before tax 252 -162 29 192 260 116 93 -68 323 54 -407 -255 -253
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 -228
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 -7.37
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: -19%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -13%
Stock Price CAGR
10 Years: 16%
5 Years: 40%
3 Years: 25%
1 Year: 45%
Return on Equity
10 Years: 0%
5 Years: -1%
3 Years: -3%
Last Year: -5%

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 307 307 307 308 308 308 310 310 310 310 310 310 310
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 4,886
3,023 3,202 3,201 3,155 2,921 3,100 3,270 3,533 3,006 3,068 2,924 2,608 2,129
1,690 1,683 1,518 2,226 2,614 2,399 2,595 2,504 2,250 2,899 2,662 2,439 2,199
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 9,523
4,142 4,161 3,586 7,182 6,973 6,796 6,713 6,826 6,670 6,688 6,547 6,623 6,255
CWIP 339 101 89 93 128 171 177 196 187 272 313 190 178
Investments 958 946 1,585 551 619 588 695 737 746 780 494 492 492
3,364 3,529 3,051 2,536 2,926 3,143 3,520 3,694 3,271 4,046 3,832 3,140 2,598
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 9,523

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

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 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%
13.20% 13.29% 13.42% 13.86% 13.07% 13.15% 13.65% 13.43% 13.58% 13.27% 17.64% 16.17%
7.91% 8.84% 7.69% 9.50% 9.90% 9.38% 9.43% 10.04% 8.94% 8.47% 5.84% 6.05%
50.47% 49.46% 50.47% 48.24% 48.62% 49.04% 48.52% 48.12% 49.06% 49.83% 48.08% 49.36%
No. of Shareholders 1,81,4981,85,6491,95,5511,82,6231,89,4471,95,9741,94,2541,85,7581,96,4262,06,6672,11,2622,06,285

* 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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