ULTRATECH CEMENT 2019-20 Annual Report Analysis

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?  

ULTRATECH CEMENT 2019-20 Annual Report Analysis
Fri, 7 Aug

ULTRATECH CEMENT has announced its results for the year ended March 2020. Let us have a look at the detailed performance review of the company during FY19-20.

ULTRATECH CEMENT Income Statement Analysis

  • Operating income during the year rose 1.2% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 28.3% YoY during the fiscal. Operating profit margins witnessed a fall and down at 22.0% in FY20 as against 17.4% in FY19.
  • Depreciation charges increased by 10.3% and finance costs increased by 11.7% YoY, respectively.
  • Other income grew by 39.8% YoY.
  • Net profit for the year grew by 142.1% YoY.
  • Net profit margins during the year grew from 5.7% in FY19 to 13.6% in FY20.

ULTRATECH CEMENT Income Statement 2019-20

No. of Mths Year Ending 12 Mar-19* 12 Mar-20* % Change
Net Sales Rs m 416,088 421,248 1.2%
Other income Rs m 4,634 6,478 39.8%
Total Revenues Rs m 420,723 427,726 1.7%
Gross profit Rs m 72,336 92,823 28.3%
Depreciation Rs m 24,507 27,022 10.3%
Interest Rs m 17,779 19,857 11.7%
Profit before tax Rs m 34,685 52,423 51.1%
Tax Rs m 10,681 -5,682 -153.2%
Profit after tax Rs m 24,004 58,105 142.1%
Gross profit margin % 17.4 22.0
Effective tax rate % 30.8 -10.8
Net profit margin % 5.7 13.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



FREE REPLAY: Discover What Richa Revealed in Her Smallcaps Summit

ULTRATECH CEMENT Balance Sheet Analysis

  • The company's current liabilities during FY20 stood at Rs 161 billion as compared to Rs 150 billion in FY19, thereby witnessing an increase of 7.3%.
  • Long-term debt down at Rs 174 billion as compared to Rs 207 billion during FY19, a fall of 15.9%.
  • Current assets rose 17% and stood at Rs 139 billion, while fixed assets rose 0% and stood at Rs 579 billion in FY20.
  • Overall, the total assets and liabilities for FY20 stood at Rs 793 billion as against Rs 765 billion during FY19, thereby witnessing a growth of 4%.

ULTRATECH CEMENT Balance Sheet as on March 2020

No. of Mths Year Ending 12 Mar-19* 12 Mar-20* % Change
Networth Rs m 283,623 391,155 37.9
 
Current Liabilities Rs m 150,443 161,418 7.3
Long-term Debt Rs m 206,504 173,675 -15.9
Total Liabilities Rs m 765,374 793,371 3.7
 
Current assets Rs m 118,607 139,316 17.5
Fixed Assets Rs m 577,979 579,020 0.2
Total Assets Rs m 765,374 793,371 3.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



ULTRATECH CEMENT Cash Flow Statement Analysis

  • ULTRATECH CEMENT's cash flow from operating activities (CFO) during FY20 stood at Rs 89 billion, an improvement of 49.5% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY20 stood at Rs -42 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY20 stood at Rs -50 billion, an improvement of 26% on a YoY basis.
  • Overall, net cash flows for the company during FY20 stood at Rs -3 billion from the Rs 4 billion net cash flows seen during FY19.

ULTRATECH CEMENT Cash Flow Statement 2019-20

Particulars No. of months 12 12 % Change
Year Ending Mar-19 Mar-20
Cash Flow from Operating Activities Rs m 59,561 89,020 49.5%
Cash Flow from Investing Activities Rs m 11,138 -42,094 -
Cash Flow from Financing Activities Rs m -67,572 -49,911 -
Net Cash Flow Rs m 3,641 -2,947 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for ULTRATECH CEMENT

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 201.3, an improvement from the EPS of Rs 87.4 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 4,050.1, stands at 20.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.9 times, while the price to sales ratio stands at 2.7 times.
  • The company's price to cash flow (P/CF) ratio stood at 13.1 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-19* 12 Mar-20*
Sales per share (Unadj.) Rs 1,515.0 1,459.5
TTM Earnings per share Rs 87.4 201.3
Diluted earnings per share Rs 87.5 211.8
Price to Cash Flow x 22.9 13.1
TTM P/E ratio x 20.9 20.9
Price / Book Value ratio x 3.8 2.9
Market Cap Rs m 1,112,319 1,111,347
Dividends per share (Unadj.) Rs 11.5 13.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for ULTRATECH CEMENT

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 0.9x during FY20, from 0.8x during FY19. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 3.6x during FY20, from 3.0x during FY19. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company improved and stood at 14.9% during FY20, from 8.5% during FY20. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 12.8% during FY20, from 10.7% during FY19. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company improved and stood at 9.8% during FY20, from 5.5% during FY19. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-19* 12 Mar-20*
Current ratio x 0.8 0.9
Debtors’ Days Days 24 19
Interest coverage x 3.0 3.6
Debt to equity ratio x 0.7 0.4
Return on assets % 5.5 9.8
Return on equity % 8.5 14.9
Return on capital employed % 10.7 12.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how ULTRATECH CEMENT has performed over the last 5 years, please visit here.

ULTRATECH CEMENT Share Price Performance

Over the last one year, ULTRATECH CEMENT share price has moved down from Rs 4,343.5 to Rs 4,050.1, registering a loss of Rs 293.4 or around 6.8%.

Overall, the S&P BSE SENSEX is up 2.7% over the year.

(To know more, check out historical annual results for ULTRATECH CEMENT and quarterly results for ULTRATECH CEMENT)

Equitymaster requests your view! Post a comment on "ULTRATECH CEMENT 2019-20 Annual Report Analysis". Click here!

  

Related Views on News

ULTRATECH CEMENT Announces Quarterly Results (2QFY22); Net Profit Up 45.8% (Quarterly Result Update)

Oct 20, 2021 | Updated on Oct 20, 2021

For the quarter ended September 2021, ULTRATECH CEMENT has posted a net profit of Rs 13 bn (up 45.8% YoY). Sales on the other hand came in at Rs 120 bn (up 16.1% YoY). Read on for a complete analysis of ULTRATECH CEMENT's quarterly results.

ULTRATECH CEMENT 2020-21 Annual Report Analysis (Annual Result Update)

Oct 18, 2021 | Updated on Oct 18, 2021

Here's an analysis of the annual report of ULTRATECH CEMENT for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of ULTRATECH CEMENT. Also includes updates on the valuation of ULTRATECH CEMENT.

ULTRATECH CEMENT Announces Quarterly Results (3QFY21); Net Profit Up 122.8% (Quarterly Result Update)

Jan 25, 2021 | Updated on Jan 25, 2021

For the quarter ended December 2020, ULTRATECH CEMENT has posted a net profit of Rs 16 bn (up 122.8% YoY). Sales on the other hand came in at Rs 123 bn (up 18.4% YoY). Read on for a complete analysis of ULTRATECH CEMENT's quarterly results.

What's Behind ACC's Highest-Ever Revenue in March Quarter? (Company Info)

Apr 20, 2021

Key takeaways from ACC's March quarter (Q1CY21) results.

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.

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.

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.

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

TRACK ULTRATECH CEMENT

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

MORE ON ULTRATECH CEMENT

ULTRATECH CEMENT - NUVOCO VISTAS COMPARISON

COMPARE ULTRATECH CEMENT WITH

MARKET STATS