Saurashtra Cement Ltd

Saurashtra Cement Ltd

₹ 103 1.25%
22 Nov - close price
About

Saurashtra Cement Limited is engaged in the business of manufacturing and selling of Cement. It markets cement under the brand name 'HATHI'. The Co is part of the Mehta Group which also has another Cement and Building materials company called Gujarat Sidhee Cement Limited. [1] [2]

Key Points

Products
SCL produces Ordinary Portland Cement(OPC) 53 Grade, Portland Pozzolana Cement and Portland Slag Cement & Clinker. [1]

  • Market Cap 1,145 Cr.
  • Current Price 103
  • High / Low 149 / 80.0
  • Stock P/E 35.6
  • Book Value 80.6
  • Dividend Yield 1.94 %
  • ROCE 12.1 %
  • ROE 7.75 %
  • Face Value 10.0

Pros

Cons

  • Company has a low return on equity of 2.81% over last 3 years.
  • Dividend payout has been low at 13.0% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -6.09%

* 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

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
178 192 430 403 329 442 471 446 375 447 497 386 296
185 181 427 388 375 435 442 415 364 404 453 363 336
Operating Profit -8 11 3 15 -47 8 30 31 11 43 45 23 -40
OPM % -4% 6% 1% 4% -14% 2% 6% 7% 3% 10% 9% 6% -13%
3 3 3 3 3 4 3 -1 3 -11 25 5 4
Interest 1 2 2 2 3 3 2 2 2 2 2 3 4
Depreciation 6 6 8 9 10 10 10 10 10 10 17 10 10
Profit before tax -11 7 -5 6 -57 -1 21 19 1 20 51 15 -50
Tax % -36% 41% -6% 32% -33% 440% 33% 35% -1% 37% 38% 33% -37%
-7 4 -4 4 -38 -3 14 12 1 13 32 10 -32
EPS in Rs -1.03 0.58 -0.60 0.63 -5.41 -0.41 2.04 1.10 0.07 1.13 2.85 0.88 -2.84
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
538 531 563 530 470 574 622 608 674 1,451 1,645 1,765 1,626
425 471 473 466 440 523 617 498 559 1,387 1,639 1,635 1,555
Operating Profit 113 61 90 64 30 51 5 110 115 64 6 130 71
OPM % 21% 11% 16% 12% 6% 9% 1% 18% 17% 4% 0% 7% 4%
171 2 38 23 10 17 11 -8 12 15 12 16 24
Interest 33 16 13 5 4 3 5 5 4 9 9 8 12
Depreciation 34 26 35 13 15 18 18 20 20 33 39 47 48
Profit before tax 216 21 79 69 21 46 -7 77 103 36 -29 90 35
Tax % 15% 0% 15% 36% 34% -34% -28% 27% 29% 40% -24% 37%
184 21 68 44 14 63 -5 57 72 21 -22 57 22
EPS in Rs 35.95 4.03 13.21 6.33 2.03 9.03 -0.70 8.14 10.37 3.05 -3.15 5.15 2.02
Dividend Payout % 0% 0% 0% 14% 49% 11% 0% 21% 17% 0% 0% 39%
Compounded Sales Growth
10 Years: 13%
5 Years: 23%
3 Years: 38%
TTM: -6%
Compounded Profit Growth
10 Years: 12%
5 Years: 61%
3 Years: -1%
TTM: 22%
Stock Price CAGR
10 Years: 8%
5 Years: 20%
3 Years: 10%
1 Year: 26%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 3%
Last Year: 8%

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 51 51 51 60 69 69 69 70 70 57 57 111 111
Reserves 92 112 180 207 292 347 340 383 454 847 825 817 784
184 126 19 19 17 17 32 31 22 104 66 85 159
109 124 155 129 174 142 157 182 181 388 409 558 447
Total Liabilities 436 413 406 415 553 575 598 665 727 1,396 1,357 1,571 1,501
207 189 178 201 317 334 349 351 345 813 831 872 882
CWIP 64 59 53 40 48 43 37 38 61 78 51 31 53
Investments 19 19 19 19 9 6 5 4 8 0 0 1 1
147 146 157 155 178 192 207 273 313 505 475 667 566
Total Assets 436 413 406 415 553 575 598 665 727 1,396 1,357 1,571 1,501

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
131 83 80 76 34 49 14 63 134 -8 21 155
19 -2 18 -24 -25 -37 -15 -38 -121 -30 32 -157
-135 -82 -100 -65 -7 -12 3 -23 -17 31 -49 3
Net Cash Flow 15 -1 -2 -12 2 0 2 1 -4 -7 5 1

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 9 11 13 10 11 12 9 21 16 15 17 18
Inventory Days 501 260 748 305 848 690 703 495 451 575
Days Payable 269 159 441 173 736 639 568 327 269 448
Cash Conversion Cycle 241 112 320 142 123 63 144 21 184 15 200 146
Working Capital Days -39 -64 -20 -23 -35 -23 -27 -15 -28 -6 -10 -15
ROCE % 42% 13% 23% 24% 8% 12% -1% 21% 21% 6% -2% 12%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.73% 72.65% 72.51% 72.50% 72.49% 72.46% 67.17% 67.14% 67.09% 66.95% 66.88% 66.83%
0.00% 0.00% 0.00% 3.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.03%
0.20% 0.46% 0.46% 0.45% 0.30% 0.19% 0.12% 0.27% 0.37% 0.37% 0.37% 0.36%
27.06% 26.89% 27.03% 23.52% 27.20% 27.33% 32.71% 32.58% 32.55% 32.68% 32.73% 32.78%
No. of Shareholders 16,90216,53316,43516,08915,66515,37861,56859,01053,97952,99055,30153,975

* 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.

Click on the line-items to see the names of individual entities.

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