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



Before 11:59pm TONIGHT: Get Our Most Important Research for Just Rs 2950 295

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 (1QFY21); Net Profit Down 34.0% (Quarterly Result Update)

Jul 30, 2020 | Updated on Jul 30, 2020

For the quarter ended June 2020, ULTRATECH CEMENT has posted a net profit of Rs 8 bn (down 34.0% YoY). Sales on the other hand came in at Rs 76 bn (down 25.0% YoY). Read on for a complete analysis of ULTRATECH CEMENT's quarterly results.

ULTRATECH CEMENT Announces Quarterly Results (4QFY20); Net Profit Up 219.5% (Quarterly Result Update)

May 21, 2020 | Updated on May 21, 2020

For the quarter ended March 2020, ULTRATECH CEMENT has posted a net profit of Rs 32 bn (up 219.5% YoY). Sales on the other hand came in at Rs 107 bn (down 1.5% YoY). Read on for a complete analysis of ULTRATECH CEMENT's quarterly results.

More Views on News

Most Popular

My View on ITC(Fast Profits Daily)

Oct 23, 2020

What do the charts say about ITC?

PSU Banks Will Move Up Again(Profit Hunter)

Oct 27, 2020

My charts tell me PSU banks are set for a rebound.

PSU Stocks Are Looking Positive Now(Fast Profits Daily)

Oct 19, 2020

Has the market changed its opinion on PSUs?

One Cycle that Defines Everything in Markets(Profit Hunter)

Oct 23, 2020

Know this cycle to boost your profits in the market.

Markets are Always Right?(The Honest Truth)

Oct 30, 2020

Ajit Dayal on why you shouldn't let your guard down as an investor.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts 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 5-YR ANALYSIS

COMPARE ULTRATECH CEMENT WITH

MARKET STATS