Nuvoco Vistas Corporation Ltd - Stock Valuation and Financial Performance

BSE: 543334 | NSE: NUVOCO | Cement & Construction Materials | Small Cap

Nuvoco Vistas Corpor Share Price

306.50 3.20 1.06%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Nuvoco Vistas Corpor

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Nuvoco Vistas Corporation stock performance -

mw4me loader
P/E Ratio (SA):
46.48
Market Cap:
10,946.8 Cr.
52-wk low:
292
52-wk high:
398.6

Is Nuvoco Vistas Corporation Ltd an attractive stock to invest in?

1. Is Nuvoco Vistas Corporation Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nuvoco Vistas Corporation Ltd is a average quality company.

2. Is Nuvoco Vistas Corporation Ltd undervalued or overvalued?

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

3. Is Nuvoco Vistas Corporation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nuvoco Vistas Corporation 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 Nuvoco Vistas Corpor:

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.
Nuvoco Vistas Corporation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.3%12.5%6.8%5.2%5.2%3%5.5%3.3%2.6%2.8%-
Value Creation
Index
-0.2-0.1-0.5-0.6-0.6-0.8-0.6-0.8-0.8-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,3795,2875,2795,1576,0947,0536,7935,8057,3428,5828,767
Sales YoY Gr.-56.5%-0.2%-2.3%18.2%15.7%-3.7%-14.5%26.5%16.9%-
Adj EPS 9.911.65.611.29.3-2.19.70.41.42.66.6
YoY Gr.-17.6%-52%101.3%-17.5%-123.1%NA-96.2%281.1%83%-
BVPS (₹) 98.387.292.1263.3274.5249.7217.8234249251.5253.5
Adj Net
Profit
451531255168139-42.723511.850.492.2235
Cash Flow from Ops. 6415876609229518461,0281,3868351,023-
Debt/CF from Ops. 1.31.40.54.74.65.54.344.33.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.9%7.1%8.1%16.9%
Adj EPS -13.9%-22.6%-35.7%83%
BVPS11%-1.7%4.9%1%
Share Price - - - -10.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.612.56.24.13.5-0.94.60.20.612.6
Op. Profit
Mgn %
24.715.513.614.116.212.819.119.314.29.611.2
Net Profit
Mgn %
13.4104.83.32.3-0.63.50.20.71.12.7
Debt to
Equity
0.20.20.11.11.10.90.90.80.40.4-
Working Cap
Days
1149210510710510612116714813742
Cash Conv.
Cycle
-1710109121174-37

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.60%

Debt to equity has declined versus last 3 years average to 0.36

Sales growth has been subdued in last 3 years 8.10%

Net Profit has been subdued in last 3 years -35.67%

Sales growth is not so good in last 4 quarters at 1.98%

Latest Financials - Nuvoco Vistas Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 6.6 7
TTM Sales (₹ Cr.) 8,767 10,728
BVPS (₹.) 253.5 248.8
Reserves (₹ Cr.) 8,695 8,529
P/BV 1.21 1.23
PE 46.48 44.13
From the Market
52 Week Low / High (₹) 292.00 / 398.55
All Time Low / High (₹) 260.00 / 577.50
Market Cap (₹ Cr.) 10,947
Equity (₹ Cr.) 357.2
Face Value (₹) 10
Industry PE 41.8

Management X-Ray of Nuvoco Vistas Corpor:

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Nuvoco Vistas Corpor

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
Sales3,3795,2875,2795,1576,0947,0536,7935,8057,3428,582
Operating Expenses 2,5694,4684,5654,4295,1066,1495,4964,6856,3047,762
Manufacturing Costs1,1041,5371,5421,4201,6392,0951,8621,5692,2042,724
Material Costs2561,1161,0911,1541,2701,4451,2301,0671,7552,423
Employee Cost 183271300290320381405404456481
Other Costs 1,0261,5441,6321,5641,8772,2292,0001,6461,8892,133
Operating Profit 8108197147289899031,2971,1201,038820
Operating Profit Margin (%) 24.0%15.5%13.5%14.1%16.2%12.8%19.1%19.3%14.1%9.5%
Other Income 1123839295453378311698
Interest 8914488231425452419517401353
Depreciation 176366250313392485528587652696
Exceptional Items 0-60-43-1800000-238
Profit Before Tax 6562873721962261938799101-370
Tax 218-2121413068431387746-461
Profit After Tax 438499231166158-24249235590
PAT Margin (%) 13.0%9.4%4.4%3.2%2.6%-0.3%3.7%0.4%0.8%1.1%
Adjusted EPS (₹)9.610.95.111.010.5-1.210.30.71.52.5
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 4,4883,9794,2053,9494,1174,9945,2797,3728,8938,984
Share Capital 456456456150150200242315357357
Reserves 4,0323,5223,7483,7993,9674,7945,0377,0578,5368,627
Minority Interest0000000000
Debt6983003034,3144,3734,6263,5933,8942,7712,223
Long Term Debt5703001504,2983,2063,3182,9313,8942,7712,223
Short Term Debt1280153161,1681,308661000
Trade Payables3995886267406817657866668701,118
Others Liabilities 1,2971,5651,0602,2822,4522,8263,7874,8404,1014,097
Total Liabilities 6,8836,4336,19311,28511,62413,21013,44416,77316,63516,421

Fixed Assets

Gross Block4,2846,5786,86012,71312,86613,87714,49914,83416,00916,324
Accumulated Depreciation1,1952,4192,6473,7984,1784,0354,5305,0495,6656,264
Net Fixed Assets3,0894,1594,2138,9158,6889,8429,9699,78610,34410,060
CWIP 712247124143144605647961144305
Investments 1,6830041284445602,5812,4572,271
Inventories353440458361430585603502768707
Trade Receivables238458523444415500506387459607
Cash Equivalents 119298171774312551144393180
Others Assets6888307039331,0591,0981,2082,1132,3702,290
Total Assets 6,8836,4336,19311,28511,62413,21013,44416,77316,63516,421

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 6415876609229518461,0281,3868351,023
PBT 6562873721962261938799101-370
Adjustment 1533363055227418679401,0169801,230
Changes in Working Capital -69-53526475-23-199310-190185
Tax Paid -156-138-51-60-91-16-100-39-57-22
Cash Flow From Investing Activity -2,108-207-195-529-602-149-313-3,799-209-135
Capex -704-274-228-141-217-581-569-516-365-353
Net Investments -1,3911213-396-391418245-73124215
Others -135520861411-3,210323
Cash Flow From Financing Activity 1,248-218-592-503-383-636-5592,575-981-774
Net Proceeds from Shares 1,400000-21001,6001,5000
Net Proceeds from Borrowing -1773000-400-2201,067-2,002-351
Interest Paid -54-105-92-203-366-385-358-488-361-307
Dividend Paid 0000000000
Others -82-186-500-300414819396-118-116
Net Cash Flow -220161-127-110-3461156162-355115
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)12.2511.85.644.063.92-0.524.850.360.681.01
ROCE (%)16.438.539.896.697.775.218.335.443.96-0.14
Asset Turnover Ratio0.650.90.940.670.550.570.510.380.490.58
PAT to CFO Conversion(x)1.461.182.865.556.02N/A4.1360.2615.1811.37
Working Capital Days
Receivable Days22213030252427281920
Inventory Days28242826232632352828
Payable Days526161203216204183230248160150

Nuvoco Vistas Corporation Ltd Stock News

Nuvoco Vistas Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nuvoco Vistas Corpor on 28-Mar-2024 16:01 is ₹306.5.
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 Nuvoco Vistas Corpor stood at ₹10,946.8.
The latest P/E ratio of Nuvoco Vistas Corpor as of 28-Mar-2024 16:01 is 46.48.
The latest P/B ratio of Nuvoco Vistas Corpor as of 28-Mar-2024 16:01 is 1.21.
The 52-week high of Nuvoco Vistas Corpor is ₹398.6 and the 52-week low is ₹292.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nuvoco Vistas Corpor is ₹8,767 ( Cr.) .

About Nuvoco Vistas Corporation Ltd

Nuvoco Vistas Corporation is the fifth largest cement company in India and the largest cement company in East India in terms of capacity. It is one of the leading ready-mix concrete manufacturers in India. The company’s Cement Plants are strategically located with road and rail connectivity to its key markets of East India and North India. Its plants are also located in proximity to its limestone reserves and other raw materials, such as slag and fly ash. It transport clinker from its integrated cement plants to its grinding units via rail and road. Gypsum, coal, slag and pet coke, which are essential raw materials for the manufacture of cement and generation of power for its captive power plants, are sourced via rail and road. It has captive railway sidings at six of its plants, these give it a significant competitive advantage in transporting raw materials and finished products from these plants.

The company distributes its products through the trade segment, which mainly caters to individual home buyers (Trade Segment), and the non-trade segment, which is mainly via direct sales to institutional and bulk buyers. Its focus is on the Trade Segment, where its distribution channels are a mix of wholesale and retail dealers and a sub-dealer network. It has developed strong relationships with its channel partners over the years and built a loyal base of customers across its operational markets with the aim to achieve both its customers’ and its own growth objectives. It operates through a range of distribution channels and direct sales to improve its reach to customers.

Business area of the company

The company is the fifth-largest player in India and the largest cement company in East India, in terms of capacity. It offers a range of over 50 products across cement, RMX and modern building materials. Its diversified portfolio includes products and brands as follows:

  • Cement: The company’s cement portfolio includes different types of Cement like Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), Portland Pozzolana Cement (PPC) and Portland Composite Cement (PCC). As a part of its cement portfolio it has leading brands with multiple products under each brand including Concreto, Duraguard, Premium Slag Cement, Nirmax, Double Bull, Infracem and Procem. Our key brands include Concreto, Concreto Green, Duraguard, Duraguard Microfiber, Duraguard Waterseal, Duraguard Silver, Duraguard Rapidx Xtra, Premium Slag Cement, Nirmax Cement, Infracem Cement, Double Bull Cement, Procem Cement, Double Bull Master and Double Bull Subh. After being launched in 2004 Concreto has been one its best-selling brands, while Concreto and Duraguard are market leaders in terms of cement prices in the respective segment as well as regions.
  • Ready Mix Concrete (RMX): The company’s brand portfolio in its ready-mix concrete business includes Concreto, Instamix, Artiste and X-Con range of products. This portfolio includes products such as self-compacting concrete, decorative concrete, ready-to-use concrete, crack-resistant concrete, concrete with steel fibers, and lean concrete, as well as concrete with varied characteristics for specialty uses.
  • Modern Building Materials: The company’s modern building material products are a key differentiator for it. Its suite of products under this category include a range of construction chemicals, tile adhesives, wall putty, dry plaster, cover blocks and ready-mix dry concrete. Its modern building material products are marketed and sold under the ‘Zero M’ and ‘Instamix’ brands.

Awards, accreditations and recognitions

  • 2014: The company received the “Golden Peacock Occupational Health & Safety Award 2014” awarded by the Golden Peacock Awards, instituted by the Institute of Directors, India.
  • 2016: Received the “SHE Excellence Awards (Safety, Health & Environment) 2015-2016” for the Mejia Cement Plant having significant controls over hazardous processes in the category of large scale manufacturing (up to 3,000 employees) awarded by the Confederation of Indian Industry (Eastern Region).
  • 2016: Received the “17th National Award for Excellence in Energy Management 2016” recognising the Mejia Cement Plant as “Energy Efficient Unit” at the National Competition for Excellence in Energy Management organised by the Confederation of Indian Industry at Hyderabad.
  • 2017: Received the “FICCI Corporate Social Responsibility Award 2016-2017-Special Jury Commendation” recognising the commendable work done by our Company as a socially responsible company.
  • 2018: Received the “5th CSR Impact Award” in the category of women empowerment at the India CSR Summit and Exhibition, New Delhi.
  • 2018: Received the “19th National Award for Excellence in Energy Management 2018” recognising the Mejia Cement Plant as “Energy Efficient Unit” at the National Award for Excellence in Energy Management organised by the Confederation of Indian Industry at Hyderabad.
  • 2019: Received the “OHSSAI OH & S Award” at the OSHAI 4th Annual HSE Excellence & Sustainability Awards, 2019.
  • 2019: Received the “Special Commendation for Golden Peacock Occupational Health & Safety Award 2019” for the Chittorgarh Cement Plant awarded by the Golden Peacock Awards, instituted by the Institute of Directors, India.
  • 2020: Received the “Golden Peacock Innovative Product/ Service Award” awarded by the Golden Peacock Awards, instituted by the Institute of Directors, India.
  • 2020: Received the certificate of accreditation for the Construction Development & Innovation Centre (CDIC) from the National Accreditation Board for Testing and Calibration Laboratories.
  • 2020: Received the “Factory Safety Award Programme - 2020” for the Chittorgarh Cement Plant in the large category awarded by the Inspection Department of Factories and Boilers, Government of Rajasthan.

Major events and milestones

  • 1999: Commenced its operations with the acquisition of the cement business of the Tata Iron and Steel Company Limited, including the Jojobera Cement Plant and Sonadih Cement Plant.
  • 2002: Acquired the cement business of Raymond Limited, including the Arasmeta Cement Plant.
  • 2008: The company (through an erstwhile group entity) acquired the ready-mix concrete business of Larsen & Toubro Limited.
  • 2009: Commenced operations at the Mejia Cement Plant.
  • 2009: Commissioned a new clinker line at the Sonadih Cement Plant.
  • 2010: The Company (through an erstwhile group entity) commenced the supply of ready-mix concrete for World One building at Mumbai, Maharashtra.
  • 2012: Inauguration of Construction Development & Innovation Centre (CDIC) at Mumbai, Maharashtra.
  • 2013: Commenced operations at the Chittorgarh Cement Plant.
  • 2014: Commenced operations at the Bhiwani Cement Plant.
  • 2014: Supplied concrete for the construction of Nazrul Tirtha at Kolkata, West Bengal.
  • 2014: Supplied concrete for the construction of the Swami Narayan Temple at Kolkata, West Bengal.
  • 2015: The company commenced the supply of concrete to the metro railway project at Noida, Uttar Pradesh.
  • 2016: Nirchem Cement, an erstwhile wholly-owned subsidiary of Nirma, acquired all the Equity Shares held by Lafarge group in the company.
  • 2017: Commenced the supply of concrete to the metro railway project at Mumbai, Maharashtra.
  • 2017: The name of Company was changed to “Nuvoco Vistas Corporation Limited”.
  • 2019: The company commissioned its first captive power plant and waste heat recovery power plant in the Chittorgarh Cement Plant.
  • 2020: The company acquired NU Vista as a wholly-owned subsidiary.
  • 2020: The cement undertaking of Nirma Limited located at Nimbol, Rajasthan was amalgamated with the Company.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.