Nuvoco Vistas Corporation Ltd

Nuvoco Vistas Corporation Ltd

₹ 336 -0.68%
21 Nov 4:00 p.m.
About

Nuvoco Vista Corporation Ltd (NVCL), is one of the largest cement companies and concrete manufacturers in India with a consolidated capacity of 22.32 MMTPA. It offers a diversified range of products such as cement, Ready-mix Concrete (RMX), and modern building materials i.e. adhesives, wall putty, dry plaster, cover blocks, and more.[1]

Key Points

Part of Nirma Group
NVCL is a part of The Nirma Group, which is a diversified conglomerate that manufactures products ranging from chemicals to detergents, soaps, healthcare products, and real estate development. The Nirma Group forayed into the cement business in 2014 through a greenfield cement plant in Nimbol. It has successfully been able to grow the cement business through a series of acquisitions including the acquisition of the Indian cement business of Lafarge Holcim in 2016 and in 2020 by acquiring NU Vista from the Emami Group. [1]

  • Market Cap 12,000 Cr.
  • Current Price 336
  • High / Low 399 / 291
  • Stock P/E 245
  • Book Value 249
  • Dividend Yield 0.00 %
  • ROCE 5.42 %
  • ROE 1.61 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 67.1% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.76% over past five years.
  • Company has a low return on equity of 2.30% 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.

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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
2,020 2,165 2,930 2,652 2,401 2,605 2,928 2,806 2,573 2,421 2,933 2,636 2,269
1,689 1,938 2,505 2,283 2,209 2,336 2,548 2,413 2,243 2,011 2,443 2,293 2,050
Operating Profit 331 227 425 370 192 268 380 393 330 410 491 343 219
OPM % 16% 10% 14% 14% 8% 10% 13% 14% 13% 17% 17% 13% 10%
7 14 15 5 2 4 -403 9 6 11 7 5 10
Interest 146 141 131 117 124 134 137 135 140 133 125 127 132
Depreciation 231 231 244 233 240 240 239 244 226 231 218 216 215
Profit before tax -39 -131 64 25 -170 -101 -399 24 -30 57 155 5 -118
Tax % -34% -35% 55% 17% -23% -25% -150% 39% -105% 45% 35% 44% -28%
-26 -86 29 20 -130 -75 201 14 2 31 100 3 -85
EPS in Rs -0.72 -2.40 0.82 0.57 -3.65 -2.11 5.63 0.40 0.04 0.87 2.81 0.08 -2.38
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
5,157 6,094 7,052 6,793 7,489 9,318 10,586 10,733 10,259
4,429 5,105 6,134 5,493 6,028 7,814 9,375 9,109 8,796
Operating Profit 728 989 918 1,301 1,460 1,504 1,211 1,624 1,463
OPM % 14% 16% 13% 19% 20% 16% 11% 15% 14%
11 54 54 33 34 35 -393 33 33
Interest 231 425 457 419 664 570 512 533 516
Depreciation 313 392 498 528 794 918 951 919 881
Profit before tax 196 226 17 387 36 51 -645 206 99
Tax % 16% 30% 260% 36% 171% 37% -102% 28%
166 158 -26 249 -26 32 16 147 49
EPS in Rs 3.63 10.54 -1.32 10.28 -0.82 0.90 0.44 4.13 1.38
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 13%
TTM: -6%
Compounded Profit Growth
10 Years: %
5 Years: 67%
3 Years: 138%
TTM: -91%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -13%
1 Year: -4%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 2%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 150 150 200 242 315 357 357 357 357
Reserves 3,799 3,967 4,788 5,037 7,009 8,464 8,482 8,626 8,544
4,314 4,369 4,683 4,513 7,792 5,575 4,785 4,404 4,862
3,022 3,133 3,590 3,652 4,792 5,218 5,364 5,323 4,910
Total Liabilities 11,285 11,619 13,262 13,444 19,907 19,615 18,988 18,710 18,672
8,916 8,690 9,895 9,970 15,042 15,409 14,962 15,027 14,764
CWIP 143 144 605 647 1,240 399 596 488 553
Investments 412 844 456 0 384 186 0 1 1
1,814 1,942 2,306 2,827 3,241 3,621 3,430 3,194 3,355
Total Assets 11,285 11,619 13,262 13,444 19,907 19,615 18,988 18,710 18,672

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
922 951 860 1,025 1,717 1,221 1,711 1,593
-513 -602 -149 -310 -2,898 -190 -260 -573
-503 -387 -647 -559 1,420 -1,420 -1,362 -1,114
Net Cash Flow -94 -38 65 156 239 -390 89 -95

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 31 25 26 27 22 22 21 20
Inventory Days 114 125 148 179 215 283 215 177
Days Payable 234 193 193 233 263 316 348 315
Cash Conversion Cycle -88 -44 -20 -27 -26 -11 -113 -118
Working Capital Days -40 -43 -102 -79 -57 -37 -54 -55
ROCE % 7% 5% 8% 6% 4% 2% 5%

Shareholding Pattern

Numbers in percentages

5 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.03% 71.42% 71.72% 71.78% 71.78% 71.78% 71.78% 71.78% 71.78% 72.02% 72.02% 72.02%
7.28% 5.42% 3.65% 2.99% 3.08% 3.14% 2.76% 3.15% 3.05% 3.43% 3.50% 3.24%
16.65% 18.05% 19.06% 19.67% 20.16% 20.44% 20.60% 19.96% 19.97% 18.59% 18.46% 18.86%
5.04% 5.11% 5.57% 5.55% 4.97% 4.63% 4.87% 5.12% 5.19% 5.95% 6.03% 5.88%
No. of Shareholders 3,05,6052,86,9542,80,6462,72,3072,62,4162,53,5462,47,5272,39,7322,30,8642,26,8042,19,9342,13,595

* 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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