Shiva Cement Ltd - Stock Valuation and Financial Performance

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

Shiva Cement Share Price

42.80 -0.01 -0.02%
as on 13-Dec'24 14:50

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:
1,262.9 Cr.
52-wk low:
37
52-wk high:
57.5

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 4.6%2.9%-14.8%-15.5%-8.2%-9.8%-7.4%-5.2%-9.7%0.8%-
Value Creation
Index
-0.7-0.8-2.1-2.1-1.6-1.7NANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 66.367.72225.329.432.428.53.50347389
Sales YoY Gr.-2.1%-67.5%15%16.3%10.3%-12.2%-87.8%-99.7%34,68,000%-
Adj EPS 0.10-0.6-1.2-1-1-1.1-0.8-2.9-3.3-3.4
YoY Gr.--100%NANANANANANANANA-
BVPS (₹) 4.84.83.92.41.40.3-0.8-2-3.8-76.5
Adj Net
Profit
2.50-12.7-24-21.3-21.8-23.5-16.1-61.5-68.4-99
Cash Flow from Ops. 9.414.134.7-59.3-4.8-11.2-4.5-113-110253-
Debt/CF from Ops. 4.73.42.2-2.2-28.4-13.9-55.3-7.1-11.85.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 20.2%63.8%130.2%3468000%
Adj EPS -243.1%NANANA
BVPS-204.3%-237.9%NANA
Share Price 27.7% 26.6% 7.3% -21.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
2.60-13.9-36.2-53-122425.253.8101.560.71248.2
Op. Profit
Mgn %
14.613.7-25.7-32.9-23.6-21.4-33.1-261.6-238136.411.27.8
Net Profit
Mgn %
3.80-58-95-72.4-67.3-82.6-465.6-1117251.8-19.7-25.5
Debt to
Equity
0.50.50.92.64.724.9-14.3-18.8-16.5-9.76.3
Working Cap
Days
23525262845644740585518,7302,10,17,447331126
Cash Conv.
Cycle
130126248118113901091,18417,13,091-20-48

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 130.15%

Return on Equity has declined versus last 3 years average to 1.00%

Sales growth is not so good in last 4 quarters at -12.90%

Latest Financials - Shiva Cement Ltd.

Standalone Consolidated
TTM EPS (₹) -3.4 -
TTM Sales (₹ Cr.) 389 -
BVPS (₹.) 6.5 -
Reserves (₹ Cr.) 132 -
P/BV 6.60 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 37.00 / 57.49
All Time Low / High (₹) 0.85 / 62.54
Market Cap (₹ Cr.) 1,263
Equity (₹ Cr.) 59
Face Value (₹) 2
Industry PE 52.9

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales6668222529322830347
Operating Expenses 575828343641392640308
Manufacturing Costs77101514192053208
Material Costs434411612993072
Employee Cost 33444443316
Other Costs 4438697163511
Operating Profit 109-6-8-7-8-11-22-4039
Operating Profit Margin (%) 14.6%13.7%-25.7%-33.0%-23.5%-25.9%-38.0%-648.0%-7,32,200.0%11.2%
Other Income 0000004432
Interest 34814151515913101
Depreciation 456888875931
Exceptional Items 00-11-10000000
Profit Before Tax 31-30-40-29-31-29-35-109-92
Tax 01-10-9-8-8-8-9-28-23
Profit After Tax 30-20-31-21-23-22-26-80-68
PAT Margin (%) 3.8%0.0%-93.3%-123.0%-72.4%-70.5%-77.2%-736.0%-14,63,096.4%-19.7%
Adjusted EPS (₹)0.10.0-1.0-1.5-1.0-1.1-1.1-1.2-3.9-3.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1001008251306-17-43-78-147
Share Capital 40403939393939393939
Reserves 60604312-9-33-56-82-117-186
Minority Interest0000000000
Debt404349124151422478021,1481,397
Long Term Debt23212912415162428021,1481,397
Short Term Debt172220001255000
Trade Payables437867855160
Others Liabilities 2737426128252686195132
Total Liabilities 1701831791881781802638501,3151,442

Fixed Assets

Gross Block1491611591601641641651511231,154
Accumulated Depreciation38446142229373987120
Net Fixed Assets111118153147142135128112351,034
CWIP 77011631464905138
Investments 0000000000
Inventories1716913101212113245
Trade Receivables151514312080
Cash Equivalents 111111813310
Others Assets20261523212582250332215
Total Assets 1701831791881781802638501,3151,442

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 91435-59-5-11-4-113-110253
PBT 31-30-40-29-31-29-35-109-92
Adjustment 7925322325212999132
Changes in Working Capital -0540-512-54-107-99213
Tax Paid 000000000-1
Cash Flow From Investing Activity -17-12-40-11-3-6-75-362-342-254
Capex -180-40-11-3-6-79-361-350-254
Net Investments 0000000-270
Others 0-1200004100
Cash Flow From Financing Activity 8-2670817864794488
Net Proceeds from Shares 0030000000
Net Proceeds from Borrowing 14012960-5112560387243
Interest Paid -3-4-8-400-3-76-81-120
Dividend Paid 0000000000
Others -32-2-21822-22-5142-115
Net Cash Flow 00000074-37
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2.630.01-22.93-46.88-52.95-127.75N/AN/AN/AN/A
ROCE (%)4.62.93-14.76-15.49-8.17-9.81N/AN/AN/AN/A
Asset Turnover Ratio0.470.440.130.140.160.180.130.0100.25
PAT to CFO Conversion(x)3N/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days66711273843252110000
Inventory Days92781921521381211521,220040
Payable Days38321784482142603088660282

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 13-Dec-2024 14:50 is ₹42.80.
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 13-Dec-2024 14:50 the market cap of Shiva Cement stood at ₹1,262.9.
The latest P/E ratio of Shiva Cement as of 13-Dec-2024 14:50 is 0.00.
The latest P/B ratio of Shiva Cement as of 13-Dec-2024 14:50 is 6.60.
The 52-week high of Shiva Cement is ₹57.49 and the 52-week low is ₹37.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shiva Cement is ₹389.4 ( 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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