HEIDELBERG CEMENT has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 18,170 | 21,334 | 17.4% |
Other income | Rs m | 199 | 348 | 74.7% |
Total Revenues | Rs m | 18,369 | 21,682 | 18.0% |
Gross profit | Rs m | 3,634 | 4,833 | 33.0% |
Depreciation | Rs m | 1,012 | 1,018 | 0.6% |
Interest | Rs m | 745 | 748 | 0.4% |
Profit before tax | Rs m | 2,077 | 3,416 | 64.5% |
Tax | Rs m | 745 | 1,210 | 62.4% |
Profit after tax | Rs m | 1,332 | 2,207 | 65.7% |
Gross profit margin | % | 20.0 | 22.7 | |
Effective tax rate | % | 35.9 | 35.4 | |
Net profit margin | % | 7.3 | 10.3 |
Download Now: 7 Unstoppable Growth Engines of India's $10 Trillion Bull Run...
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | % Change | |
---|---|---|---|---|
Networth | Rs m | 10,464 | 11,712 | 11.9 |
Current Liabilities | Rs m | 8,575 | 9,133 | 6.5 |
Long-term Debt | Rs m | 4,692 | 3,918 | -16.5 |
Total Liabilities | Rs m | 25,328 | 26,955 | 6.4 |
Current assets | Rs m | 6,608 | 8,874 | 34.3 |
Fixed Assets | Rs m | 18,720 | 18,081 | -3.4 |
Total Assets | Rs m | 25,328 | 26,955 | 6.4 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-18 | Mar-19 | ||
Cash Flow from Operating Activities | Rs m | 3,771 | 3,931 | 4.2% |
Cash Flow from Investing Activities | Rs m | -137 | -263 | - |
Cash Flow from Financing Activities | Rs m | -1,655 | -2,419 | - |
Net Cash Flow | Rs m | 1,980 | 1,249 | -36.9% |
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 80.2 | 94.1 |
TTM Earnings per share | Rs | 5.9 | 9.7 |
Diluted earnings per share | Rs | 5.9 | 9.7 |
Price to Cash Flow | x | 13.8 | 10.8 |
TTM P/E ratio | x | 24.2 | 18.6 |
Price / Book Value ratio | x | 3.2 | 3.0 |
Market Cap | Rs m | 33,907 | 34,683 |
Dividends per share (Unadj.) | Rs | 2.5 | 4.0 |
Current Ratio: The company's current ratio improved and stood at 1.0x during FY19, from 0.8x during FY18. 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 5.6x during FY19, from 3.8x during FY18. 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.
Return on Equity (ROE): The ROE for the company improved and stood at 18.8% during FY19, from 12.7% during FY19. 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 26.6% during FY19, from 18.6% during FY18. 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 11.0% during FY19, from 8.2% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | |
---|---|---|---|
Current ratio | x | 0.8 | 1.0 |
Debtors’ Days | Days | 4 | 4 |
Interest coverage | x | 3.8 | 5.6 |
Debt to equity ratio | x | 0.4 | 0.3 |
Return on assets | % | 8.2 | 11.0 |
Return on equity | % | 12.7 | 18.8 |
Return on capital employed | % | 18.6 | 26.6 |
To see how HEIDELBERG CEMENT has performed over the last 5 years, please visit here.
Over the last one year, HEIDELBERG CEMENT share price has moved up from Rs 142.3 to Rs 180.9, registering a gain of Rs 38.6 or around 27.1%.
Overall, the S&P BSE SENSEX is up 16.3% over the year.
(To know more, check out historical annual results for HEIDELBERG CEMENT and quarterly results for HEIDELBERG CEMENT)
HEIDELBERG CEMENT currently trades at Rs 198.7 per share. You can check out the latest share price performance of HEIDELBERG CEMENT here...
The revenues of HEIDELBERG CEMENT stood at Rs 21,682 m in FY19, which was up 18.0% compared to Rs 18,369 m reported in FY18.
HEIDELBERG CEMENT's revenue has grown from Rs 17,310 m in FY15 to Rs 21,682 m in FY19.
Over the past 5 years, the revenue of HEIDELBERG CEMENT has grown at a CAGR of 5.8%.
The net profit of HEIDELBERG CEMENT stood at Rs 2,207 m in FY19, which was up 65.7% compared to Rs 1,332 m reported in FY18.
This compares to a net profit of Rs 762 m in FY17 and a net profit of Rs 354 m in FY16.
Over the past 5 years, HEIDELBERG CEMENT net profit has grown at a CAGR of 38.8%.
The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.
This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.
The cash flow statement of HEIDELBERG CEMENT reveals:
Here's the cash flow statement of HEIDELBERG CEMENT for the past 5 years.
(Rs m) | FY15 | FY16 | FY17 | FY18 | FY19 |
---|---|---|---|---|---|
From Operations | 2,376 | 2,569 | 3,614 | 3,771 | 3,931 |
From Investments | 62 | -1,080 | -402 | -137 | -263 |
From Financial Activity | -2,116 | -2,875 | -3,147 | -1,655 | -2,419 |
Net Cashflow | 321 | -1,385 | 64 | 1,980 | 1,249 |
Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.
The ratio/financial analysis of HEIDELBERG CEMENT reveals:
Here's the ratio/financial analysis of HEIDELBERG CEMENT for the past 5 years.
FY15 | FY16 | FY17 | FY18 | FY19 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 22.3 | 16.7 | 19.5 | 20.0 | 22.7 |
Net Profit Margin (%) | 3.5 | 2.6 | 5.3 | 7.3 | 10.3 |
Debt to Equity Ratio (x) | 1.1 | 0.7 | 0.6 | 0.4 | 0.3 |
Read: Latest Annual Report Analysis of HEIDELBERG CEMENT
Equitymaster requests your view! Post a comment on "HEIDELBERG CEMENT 2018-19 Annual Report Analysis". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!