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BSE: 502175 | NSE: SAURASHCEM | Cement & Construction Materials | Small Cap
1. Is Saurashtra Cement Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Saurashtra Cement Ltd is a average quality company.
2. Is Saurashtra Cement Ltd undervalued or overvalued?
The key valuation ratios of Saurashtra Cement Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Saurashtra Cement Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Saurashtra Cement Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 11.2% | 20.7% | 15% | 4.9% | 15.8% | -0.9% | 15.6% | 14.6% | 3.3% | -1.6% | - | ||
| Value Creation Index ⓘ | -0.2 | 0.5 | 0.1 | -0.7 | 0.1 | -1.1 | 0.1 | 0.0 | -0.8 | -1.1 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 531 | 563 | 530 | 470 | 574 | 622 | 608 | 674 | 1,451 | 1,645 | 1,341 | ||
| YoY Gr. Rt. % | - | 5.9% | -5.9% | -11.2% | 22% | 8.4% | -2.2% | 10.8% | 115.4% | 13.4% | - | ||
| Adj EPS ⓘ | 4.5 | 9.1 | 6.1 | 2 | 8.9 | -1.1 | 9.9 | 10.2 | 3.3 | -4 | -0.2 | ||
| YoY Gr. Rt. % | - | 102.2% | -32.5% | -67.5% | 347.7% | -111.8% | NA | 3.8% | -67.5% | -219.5% | - | ||
| BVPS (₹) ⓘ | 31.5 | 44.7 | 44 | 52.2 | 60.1 | 58 | 63.8 | 74 | 149.2 | 145.3 | 80.4 | ||
| Adj Net Profit ⓘ | 23 | 46.5 | 36.9 | 13.8 | 61.6 | -7.3 | 68.6 | 71.5 | 18.9 | -22.6 | -2 | ||
| Cash Flow from Ops. ⓘ | 83 | 79.9 | 76.4 | 34.2 | 49.3 | 14.3 | 62.6 | 134 | -8.4 | 21.3 | - | ||
| Debt/CF from Ops. ⓘ | 1.4 | 0.2 | 0.3 | 0.5 | 0.4 | 2.3 | 0.4 | 0.2 | -12.2 | 3 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 13.4% | 23.5% | 39.3% | 13.4% | ||||||||
| Adj EPS ⓘ | -198.7% | -185.1% | -173.9% | -219.5% | ||||||||
| BVPSⓘ | 18.5% | 19.3% | 31.6% | -2.6% | ||||||||
| Share Price | 19.8% | 12.9% | 24.1% | 24% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 14.3 | 22.8 | 14.6 | 4.4 | 15.9 | -1.8 | 15.9 | 14.7 | 2.7 | -2.5 | -0.2 | |
| Op. Profit Mgn % ⓘ | 11.6 | 15.9 | 12 | 6.4 | 8.8 | 0.8 | 18.2 | 17 | 4.4 | 0.4 | 2.5 | |
| Net Profit Mgn % ⓘ | 4.3 | 8.3 | 7 | 2.9 | 10.8 | -1.2 | 11.3 | 10.6 | 1.3 | -1.4 | -0.2 | |
| Debt to Equity ⓘ | 0.7 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 0.1 | 0 | 0.1 | 0.1 | - | |
| Working Cap Days ⓘ | 70 | 75 | 87 | 97 | 88 | 76 | 91 | 86 | 54 | 75 | 0 | |
| Cash Conv. Cycle ⓘ | 21 | 19 | 20 | 13 | 9 | 14 | 22 | 28 | 25 | 33 | 0 | |
Sales growth is growing at healthy rate in last 3 years 39.34%
Sales growth is good in last 4 quarters at 12.24%
Return on Equity is Poor
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.2 | -0.2 |
| TTM Sales (₹ Cr.) | 1,341 | 1,341 |
| BVPS (₹.) ⓘ | 80.4 | 80.4 |
| Reserves (₹ Cr.) ⓘ | 779 | 780 |
| P/BV ⓘ | 0.94 | 0.93 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 48.02 / 84.40 |
| All Time Low / High (₹) | 6.00 / 4600.00 |
| Market Cap (₹ Cr.) | 833 |
| Equity (₹ Cr.) | 110.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 47.8 |
| Pledged * | 37.84 | 37.84 | 19.58 | 19.58 | 19.58 | 19.62 | 19.61 | 19.61 | 0.00 | 0.00 |
Saurashtra Cement (SCL) is the flagship company of the Mehta Group, formed in 1956. SCL is one of the leading players in the Indian cement industry, manufacturing Ordinary Portland Cement (OPC) and Pozzolana Portland Cement (PPC). It also added Sulphate Resistant Cement (SRC) and Portland Slag Cement (PSC) to its product range. SCL markets cement under the brand name 'Hathi Cement'. The product is marketed in 50 kg bag, packed in HDPE/PP or paper bags. The product is identified in the market by a special greenish tinge to give superior finish on external surface. Keeping in tune with the recent market trends, the company has launched cement packed in 1 kg, 2 kg, 5 kg and 10 kg bags in the retail cement market under the brand name ‘Chhotu Hathi’. SCL's plant at Ranvav in Gujarat state has a cement manufacturing capacity of 1.4 MTPA. The plant at Ranvav is a modern energy efficient dry process based plant comparable to international standards and makes use of latest machinery sourced from reputed international companies. The plant offers locational advantages because of its proximity to the Porbandar and Veraval/Okha ports. SCL thus has competitive access to the large export markets in the Middle East countries, Sri Lanka and Bangladesh by the economical sea route. SCL's modernization scheme implemented in the past has paid the results. State-of-the-art equipment and control systems installed has led to capacity enhancement, reduction in power and fuel consumption and improvement in quality and emission levels.
Product range of the company includes:
Subsidiary:
Gujarat Sidhee Cement Limited (GSCL) was originally set up as a joint venture between the Gujarat Industrial Investment Corporation and The Mehta Group. GSCL’s plant uses the latest Dry Process Pre-calcination technology comparable to international standards. The state-of-the art plant makes use of machinery which is sourced from reputed international companies. The plant, operating at over 100% capacity, is also one of India's cost effective cement producers.
Awards & Achievements:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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