Shiva Cement Ltd - Stock Valuation and Financial Performance

BSE: 532323 | NSE: | Cement & Construction Materials | Small Cap

Shiva Cement Share Price

46.65 -1.45 -3.01%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Shiva Cement

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Shiva Cement stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
909.7 Cr.
52-wk low:
43.3
52-wk high:
64.8

Is Shiva Cement Ltd an attractive stock to invest in?

1. Is Shiva Cement Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shiva Cement Ltd is a below average quality company.

2. Is Shiva Cement Ltd undervalued or overvalued?

The key valuation ratios of Shiva Cement Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Shiva Cement Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shiva Cement Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Shiva Cement:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shiva Cement Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.1%3.6%1.7%-4.8%-8.5%-6.3%-7.1%-6.7%-2%-5.3%-
Value Creation
Index
-0.7-0.7-0.9-1.3-1.6-1.5-1.5NANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6366.367.72225.329.432.428.53.50202
Sales YoY Gr.-5.2%2.1%-67.5%15%16.3%10.3%-12.2%-87.8%-100%-
Adj EPS 0.10.10-0.7-1.2-1.1-1.1-1.2-0.8-3.2-4.5
YoY Gr.-0%-100%NANANANANANANA-
BVPS (₹) 55.25.24.22.61.50.3-0.9-2.2-4-6.9
Adj Net
Profit
2.52.50-12.7-24-21.3-21.8-23.5-16.1-61.5-88
Cash Flow from Ops. 6.59.414.134.7-59.3-4.8-11.2-4.5-113-110-
Debt/CF from Ops. 4.24.73.42.2-2.2-28.4-13.9-55.3-7.1-11.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -100%-100%-100%-100%
Adj EPS -242.5%NANANA
BVPS-197.6%-209.1%-332.5%NA
Share Price 36.6% 23% 33% 2.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.62.60-13.9-36.2-53-122425.253.8101.582.3
Op. Profit
Mgn %
15.314.613.7-25.7-32.9-23.6-21.4-33.1-261.608.4
Net Profit
Mgn %
43.80-58-95-72.4-67.3-82.6-465.60-43.4
Debt to
Equity
0.30.50.50.92.64.724.9-14.3-18.8-16.5-
Working Cap
Days
20723525262845644740585518,730051
Cash Conv.
Cycle
124130126248118113901091,1840-55

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 82.30%

Sales growth has been subdued in last 3 years -100.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Shiva Cement Ltd.

Standalone Consolidated
TTM EPS (₹) -4.5 -
TTM Sales (₹ Cr.) 202 -
BVPS (₹.) -6.9 -
Reserves (₹ Cr.) -174 -
P/BV -6.75 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 43.25 / 64.80
All Time Low / High (₹) 0.91 / 67.00
Market Cap (₹ Cr.) 910
Equity (₹ Cr.) 39
Face Value (₹) 2
Industry PE 41.8

Management X-Ray of Shiva Cement:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shiva Cement

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales636668222529322830
Operating Expenses 53575828343641392640
Manufacturing Costs677101514192053
Material Costs434344116129930
Employee Cost 2334444433
Other Costs 244386971635
Operating Profit 10109-6-8-7-8-11-22-40
Operating Profit Margin (%) 15.3%14.6%13.7%-25.7%-33.0%-23.5%-25.9%-38.0%-648.0%-
Other Income 0000000443
Interest 334814151515913
Depreciation 34568888759
Exceptional Items 000-11-1000000
Profit Before Tax 431-30-40-29-31-29-35-109
Tax 101-10-9-8-8-8-9-28
Profit After Tax 330-20-31-21-23-22-26-80
PAT Margin (%) 4.0%3.8%0.0%-93.3%-123.0%-72.4%-70.5%-77.2%-736.0%-
Adjusted EPS (₹)0.10.10.0-1.1-1.6-1.1-1.2-1.1-1.3-4.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 971001008251306-17-43-78
Share Capital 40404039393939393939
Reserves 5760604312-9-33-56-82-117
Minority Interest0000000000
Debt25404349124151422478021,289
Long Term Debt823212912415162428021,148
Short Term Debt171722200012550142
Trade Payables54378678551
Others Liabilities 25273742612825268653
Total Liabilities 1521701831791881781802638501,315

Fixed Assets

Gross Block101149161159160164164165151123
Accumulated Depreciation3538446142229373987
Net Fixed Assets6611111815314714213512811235
CWIP 3777011631464905
Investments 0000000000
Inventories2117169131012121132
Trade Receivables1315151431208
Cash Equivalents 11111118133
Others Assets1320261523212582250332
Total Assets 1521701831791881781802638501,315

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 691435-59-5-11-4-113-110
PBT 431-30-40-29-31-29-35-109
Adjustment 67925322325212999
Changes in Working Capital -2-0540-512-54-107-99
Tax Paid -1000000000
Cash Flow From Investing Activity -8-17-12-40-11-3-6-75-362-342
Capex -8-180-40-11-3-6-79-361-350
Net Investments 00000000-27
Others 00-120000410
Cash Flow From Financing Activity 18-267081786479448
Net Proceeds from Shares 0003000000
Net Proceeds from Borrowing 414012960-5112560387
Interest Paid -3-3-4-8-400-3-76-81
Dividend Paid 0000000000
Others 1-32-2-21822-22-5142
Net Cash Flow 000000074-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.72.630.01-22.93-46.88-52.95-127.75N/AN/AN/A
ROCE (%)5.994.62.93-14.76-15.49-8.17-9.81N/AN/AN/A
Asset Turnover Ratio0.50.470.440.130.140.160.180.130.010
PAT to CFO Conversion(x)23INFN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days556671127384325211000
Inventory Days8892781921521381211521,2200
Payable Days2938321784482142603088660

Shiva Cement Ltd Stock News

Shiva Cement Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shiva Cement on 28-Mar-2024 16:01 is ₹46.65.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Shiva Cement stood at ₹909.7.
The latest P/E ratio of Shiva Cement as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Shiva Cement as of 28-Mar-2024 16:01 is -6.75.
The 52-week high of Shiva Cement is ₹64.80 and the 52-week low is ₹43.25.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shiva Cement is ₹202.3 ( Cr.) .

About Shiva Cement Ltd

Shiva Cement manufactures cement and allied products in India. It offers various types of cements, including PS cement. The company is based in Rourkela, India. The company has its plants located at Kalunga and Sundargarh in Orissa. The company has a combined installed capacity of 177,000 tonne per annum. ACC has 15% stake in Shiva Cement and is likely to increase it to 25%. Shiva Cement also sells ACC cement in West Bengal and in some pockets of north-eastern India.

Milestones:

2003: - Tied up an ECB for $7 million with Habib Bank.

2005: - In September 2005, the company received an in-principle approval for its debt restructuring plan from its consortium of bankers, lead by IFCI.

2007: - On July 17, 2007 the shareholders approved the preferential allotment of 1,000,000 equity shares to IFCI.

On June 18, 2007 the board approved the allotment of 9,500,000 equity shares upon conversion of equity share warrants out of 23,000,000 existing equity shares warrants.

2010 - Shiva Cement has won first prize for ""Best overall performance"" on the occasion of 48th Mines Safety Week Celebration, Chaibasa Region under Directorate General of Mines Safety, Ministry of Labour, Govt. of India.

-The Company has been selected for the National Safety Award (Mines) for the year 2008 under the category "Lowest injury frequency rate" by the Directorate General of Mines & Safety, Dhanhad, Govt. of India.

-The Company has received a "Certificate of Merit" awarded by 'Dalal Street Investment Journal' for ranking among India's top 400 small cap company.

2011 -ShivaCement signed MOU with Govt. of Odisha for expanding the plant capacity.

2012 -Kharkurbahai Limestone Mines of Shiva Cement Ltd has been awarded Second prize in "Air Quality Management" during 14th Mines Environment & Mineral Conservation Week 2011-12 under the Aegis of Indian Bureau of Mines, Govt. of India.

Business areas of the company:

The company’s principal activity is to manufacture cement and allied products. Its product includes PS cement.

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