Madras Cement: Operating margins zoom - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Madras Cement: Operating margins zoom

Feb 5, 2001

Madras Cements has reported a sharp rise in net profits for the quarter ended 31st December 2000. The company has benefited from a jump in operating margins.

(Rs m)3QFY003QFY01Change
Sales 1,239 1,457 17.6%
Other Income 5 2 -57.4%
Expenditure 961 1,029 7.1%
Operating Profit (EBDIT) 278 428 54.0%
Operating Profit Margin (%)22.4%29.4% 
Interest 158 173 9.3%
Depreciation 116 144 23.9%
Profit before Tax 9 1131218.6%
Other Adjustments - -  
Tax - -  
Profit after Tax/(Loss) 9 113 1218.6%
Net profit margin (%)0.7%7.8% 
No. of Shares (eoy) (m) 1.2 1.2  
Diluted Earnings per share#* 28.5 375.8 1218.6%
*(annualised)   

The cut in production effected by the cement companies in December seems to have had a telling impact on not only Madras Cement but other cement companies as well. However, what needs to be looked into is whether such a rise in cement prices is sustainable or not.

Madras Cement currently trades at Rs 5,565, implying a P/e multiple of 14.8x.

Equitymaster requests your view! Post a comment on "Madras Cement: Operating margins zoom". Click here!

  

More Views on News

Ramco Cements Q4 Profit Up 51.1% on Higher Sales & Better Cost Control (Views On News)

May 25, 2021

Here's our view on Ramco Cements latest quarterly results.

Nuvoco Vistas Makes a Lackluster Debut. Stock Lists at 17% Discount (Views On News)

Aug 23, 2021

Nuvoco Vistas witnessed a tepid listing on the bourses despite strong outlook for the cement sector.

Shree Cement Shares Tanks on Poor Operating Performance in the June Quarter (Views On News)

Aug 10, 2021

Shree Cement lags peers in volume growth.

Key Points to Know Before Applying to Nuvoco Vistas' Public Issue (Views On News)

Aug 7, 2021

Nuvoco Vistas is one of the leading ready-mix concrete manufacturers in India. The issue will open for subscription on 9th August.

UltraTech Delivers Strong Results. Will the Stock Continue to Rise? (Views On News)

Jul 23, 2021

A key highlight for the June quarter was the company paying long-term loans amounting to Rs 50 bn in advance.

More Views on News

Most Popular

Infosys vs TCS: Which is Better? (Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake (Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

Don't Sell these Stocks if the Market Falls (Profit Hunter)

Nov 17, 2021

These are the 3 types of stocks that you should not sell in a market crash.

How to Find Your Next 10-Bagger in this Market (Profit Hunter)

Nov 19, 2021

The #1 make or break factor in your portfolio you shouldn't ignore.

MobiKwik IPO Opens for Subscription Soon. Key Things to Know Before Subscribing. (Views On News)

Nov 20, 2021

The Rs 19 bn issue is set to hit the market soon.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

THE RAMCO CEMENTS SHARE PRICE


Nov 29, 2021 (Close)

TRACK THE RAMCO CEMENTS

  • Track your investment in THE RAMCO CEMENTS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON THE RAMCO CEMENTS

THE RAMCO CEMENTS - HOLCIM COMPARISON

COMPARE THE RAMCO CEMENTS WITH

MARKET STATS