Visaka Industries Ltd - Stock Valuation and Financial Performance

BSE: 509055 | NSE: VISAKAIND | Cement & Construction Materials | Small Cap

Visaka Inds. Share Price

108.65 0.90 0.84%
as on 28-Mar'24 13:35

DeciZen - make an informed investing decision on Visaka Inds.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Visaka Industries stock performance -

mw4me loader
P/E Ratio (SA):
162.34
Market Cap:
931 Cr.
52-wk low:
64.9
52-wk high:
178

Is Visaka Industries Ltd an attractive stock to invest in?

1. Is Visaka Industries Ltd a good quality company?

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

2. Is Visaka Industries Ltd undervalued or overvalued?

The key valuation ratios of Visaka Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Visaka Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Visaka Industries 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 Visaka Inds.:

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.
Visaka Industries 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 % 4.9%6.5%6.8%10.2%12.4%11%8.3%15.7%15.3%7%-
Value Creation
Index
-0.7-0.5-0.5-0.3-0.1-0.2-0.40.10.1-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8921,0211,0059611,0121,1361,0501,1461,4161,6471,579
Sales YoY Gr.-14.5%-1.6%-4.4%5.4%12.3%-7.6%9.1%23.5%16.3%-
Adj EPS 1.93.13.76.58.58.26.413.313.66.50.7
YoY Gr.-68.1%19.3%74.1%31.6%-4%-21.7%108.3%2.2%-52.2%-
BVPS (₹) 4241.843.749.456.162.963.675.584.889.587.5
Adj Net
Profit
14.724.729.551.367.564.850.711011856.26
Cash Flow from Ops. 1217.689.31538870.97429455.530.1-
Debt/CF from Ops. 2.240.33.61.42.73.53.60.4312.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.1%10.2%16.2%16.3%
Adj EPS 15%-5.2%0.6%-52.2%
BVPS8.8%9.8%12.1%5.6%
Share Price 22.4% 6% 4.8% 65.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.57.48.713.916.113.710.119.417.37.50.8
Op. Profit
Mgn %
6.99.910.313.515.112.410.616.814.18.45.6
Net Profit
Mgn %
1.62.42.95.36.75.74.89.68.33.40.4
Debt to
Equity
0.80.90.90.50.50.50.50.20.20.5-
Working Cap
Days
14112514414214916018215813914574
Cash Conv.
Cycle
9688100999710011991748322

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.17%

Return on Equity has declined versus last 3 years average to 0.70%

Net Profit has been subdued in last 3 years 0.57%

Sales growth is not so good in last 4 quarters at -2.35%

Latest Financials - Visaka Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 0.7 0.5
TTM Sales (₹ Cr.) 1,579 1,583
BVPS (₹.) 87.5 87.2
Reserves (₹ Cr.) 738 736
P/BV 1.23 1.24
PE 162.34 229.94
From the Market
52 Week Low / High (₹) 64.88 / 178.00
All Time Low / High (₹) 1.00 / 178.00
Market Cap (₹ Cr.) 931
Equity (₹ Cr.) 17.3
Face Value (₹) 2
Industry PE 40.8

Management X-Ray of Visaka Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *9.419.4113.5913.8914.2515.2115.8615.8612.1412.14
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Visaka Inds.

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
Sales8921,0211,0059611,0121,1361,0501,1461,4161,647
Operating Expenses 8359259108438629969429531,2171,510
Manufacturing Costs104124121123125140133122167214
Material Costs555582571495482552513524671881
Employee Cost 5259687592108116120132137
Other Costs 124160150150163196179188246279
Operating Profit 579695117150140109193199137
Operating Profit Margin (%) 6.4%9.4%9.5%12.2%14.8%12.3%10.4%16.8%14.1%8.3%
Other Income 5236515791114
Interest 21222120182017131222
Depreciation 22433634353541403850
Exceptional Items 000000000-3
Profit Before Tax 193340691021005714916174
Tax 712162635338394220
Profit After Tax 1221244367674911111955
PAT Margin (%) 1.3%2.1%2.4%4.5%6.6%5.9%4.7%9.7%8.4%3.3%
Adjusted EPS (₹)1.52.73.15.48.48.56.213.413.76.3
Dividend Payout Ratio (%)33%37%33%22%17%16%48%22%22%32%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 333332347393446500505622732773
Share Capital 16161616161616171717
Reserves 317316331377430484489606715756
Minority Interest0000000000
Debt24628629918321122624297131345
Long Term Debt736754779178867749164
Short Term Debt1742192461061191481562082182
Trade Payables46596256987985938693
Others Liabilities 102113110129130158126175201182
Total Liabilities 7287908197608859639589871,1511,393

Fixed Assets

Gross Block527567584361387522550579680883
Accumulated Depreciation1922552903465103144183220268
Net Fixed Assets334312294327322419406396461615
CWIP 210412691954936
Investments 15151000000212
Inventories188250232196242272304249293381
Trade Receivables97129147150151155140105134137
Cash Equivalents 262875382320191172731
Others Assets47565737789580114185181
Total Assets 7287908197608859639589871,1511,393

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1218891538871742945530
PBT 193340691021005714916174
Adjustment 44666259475253474366
Changes in Working Capital 65-87949-31-44-20129-106-88
Tax Paid -7-5-22-25-30-38-16-31-42-23
Cash Flow From Investing Activity -91-21-28-62-105-49-34-54-173-214
Capex -91-22-28-62-105-49-38-54-145-216
Net Investments 0000000000
Others 00000030-272
Cash Flow From Financing Activity -3816-14-1281-26-40-14630188
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 550-32922-3111-12-11120
Interest Paid -22-22-21-18-16-18-15-10-8-18
Dividend Paid -6-5-15-4-11-13-42-8-28-14
Others -654225-1356376-11577100
Net Cash Flow -7247-37-16-3095-874
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)3.636.387.211.5715.8814.269.8219.6317.57.28
ROCE (%)6.698.959.4513.9518.5516.799.8521.4620.999.4
Asset Turnover Ratio1.331.481.371.341.271.231.091.181.321.29
PAT to CFO Conversion(x)10.080.383.713.561.311.061.512.650.460.55
Working Capital Days
Receivable Days34374651534951393130
Inventory Days867180747783100887075
Payable Days34333944585958624937

Visaka Industries Ltd Stock News

Visaka Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Visaka Inds. on 28-Mar-2024 13:35 is ₹108.7.
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 13:35 the market cap of Visaka Inds. stood at ₹931.0.
The latest P/E ratio of Visaka Inds. as of 28-Mar-2024 13:35 is 162.3.
The latest P/B ratio of Visaka Inds. as of 28-Mar-2024 13:35 is 1.23.
The 52-week high of Visaka Inds. is ₹178.0 and the 52-week low is ₹64.88.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Visaka Inds. is ₹1,579 ( Cr.) .

About Visaka Industries Ltd

Visaka Industries started in 1985 with the commissioning of its fibre cement division in Hyderabad, Andhra Pradesh, India. This joint sector company was promoted by Dr G Vivekanand and the Andhra Pradesh Industrial Development Corporation to manufacture fibre cement sheets with a capacity of 36,000 tonnes per annum.

Currently Visaka produces 600,000 tonnes of fibre cement sheets per year.Visaka's greatest strenth is its people. All Visaka personnel are highly dedicated professionals, with decades of experience in the fibre cement industry. It diversified into textiles in 1992. The textile division manufactures yarns using state-of-the-art Twin Air Jet spinning technology from Murata, Japan with 28 MTS machines equivalent to 50,000 Ring Spindles. It produces about 7,000 metric tonnes of yarn per year and currently export about 2,000 tonnes to countries around the globe.

Visaka's high-tech fibre cement plant is a fully automated factory incorporating the latest and most sophisticated technology. Resulting in consistency -- in physical properties and strenght, which far exceeds the standards prescribed by IS.I

The Visaka personalised customer service is geared to ensure complete customer satisfaction. The marketing and technical team works closely with the customer, identifying his needs, helping in Roof Design - Installation and keeping in close contact before and after he buys the products.

Visaka's customer service is further supported by their stockists who are selected for their integrity and repute. They are also trained to provide technical advice to clients, such as advice on estimating, installation, etc, totally free of cost.

Today, Visaka is acclaimed as the biggest Unit with MTS installation in the world. The company have achieved the highest productivity and highest efficiencies, maintaining the best quality standards in the world. By adhering to stringent quality control measures and being sincere to quality systems, Visaka Industries Limited got ISO 9002 certificate in 1995 and Export House status in 2001.

In 2012 the company commenced the Commercial Production at Sambalpur unit.

Products:

Fibre cement sheet

Accessories   

  • Close Fitting Adjustable Ridges
  • North Light Ridges
  • North Light Curve
  • Roof Lights
  • Apron piece
  • Barge Boards
  • Serrated Adjustable Ridges
  • Ridge finials
  • Close Fitting Adjustable Ridges
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