SHREE 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 | 95,067 | 125,547 | 32.1% |
Other income | Rs m | 3,891 | 2,498 | -35.8% |
Total Revenues | Rs m | 98,958 | 128,044 | 29.4% |
Gross profit | Rs m | 24,728 | 26,156 | 5.8% |
Depreciation | Rs m | 8,994 | 14,718 | 63.6% |
Interest | Rs m | 1,353 | 2,479 | 83.2% |
Profit before tax | Rs m | 18,271 | 11,456 | -37.3% |
Tax | Rs m | 4,430 | 1,306 | -70.5% |
Profit after tax | Rs m | 13,842 | 10,151 | -26.7% |
Gross profit margin | % | 26.0 | 20.8 | |
Effective tax rate | % | 24.2 | 11.4 | |
Net profit margin | % | 14.6 | 8.1 |
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No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | % Change | |
---|---|---|---|---|
Networth | Rs m | 88,967 | 96,708 | 8.7 |
Current Liabilities | Rs m | 29,672 | 21,266 | -28.3 |
Long-term Debt | Rs m | 22,081 | 23,090 | 4.6 |
Total Liabilities | Rs m | 146,286 | 148,804 | 1.7 |
Current assets | Rs m | 57,003 | 47,192 | -17.2 |
Fixed Assets | Rs m | 89,284 | 101,612 | 13.8 |
Total Assets | Rs m | 146,286 | 148,804 | 1.7 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-18 | Mar-19 | ||
Cash Flow from Operating Activities | Rs m | 18,787 | 20,800 | 10.7% |
Cash Flow from Investing Activities | Rs m | -35,947 | -7,215 | - |
Cash Flow from Financing Activities | Rs m | 17,262 | -12,760 | - |
Net Cash Flow | Rs m | 102 | 842 | 724.7% |
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 2,728.7 | 3,603.5 |
TTM Earnings per share | Rs | 397.3 | 291.3 |
Diluted earnings per share | Rs | 383.6 | 281.3 |
Price to Cash Flow | x | 25.6 | 22.7 |
TTM P/E ratio | x | 42.2 | 70.7 |
Price / Book Value ratio | x | 7.1 | 5.8 |
Market Cap | Rs m | 629,857 | 564,101 |
Dividends per share (Unadj.) | Rs | 50.0 | 60.0 |
Current Ratio: The company's current ratio improved and stood at 2.2x during FY19, from 1.9x 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 deteriorated and stood at 5.6x during FY19, from 14.5x 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 declined and down at 10.5% during FY19, from 15.6% 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 declined and down at 11.6% during FY19, from 17.7% 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 declined and down at 8.5% during FY19, from 10.4% 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 | 1.9 | 2.2 |
Debtors’ Days | Days | 2 | 3 |
Interest coverage | x | 14.5 | 5.6 |
Debt to equity ratio | x | 0.2 | 0.2 |
Return on assets | % | 10.4 | 8.5 |
Return on equity | % | 15.6 | 10.5 |
Return on capital employed | % | 17.7 | 11.6 |
To see how SHREE CEMENT has performed over the last 5 years, please visit here.
Over the last one year, SHREE CEMENT share price has moved up from Rs 16,181.5 to Rs 18,634.7, registering a gain of Rs 2,453.2 or around 15.2%.
Overall, the S&P BSE SENSEX is up 16.3% over the year.
(To know more, check out historical annual results for SHREE CEMENT and quarterly results for SHREE CEMENT)
SHREE CEMENT currently trades at Rs 24,013.4 per share. You can check out the latest share price performance of SHREE CEMENT here...
The revenues of SHREE CEMENT stood at Rs 128,044 m in FY19, which was up 29.4% compared to Rs 98,958 m reported in FY18.
SHREE CEMENT's revenue has grown from Rs 60,389 m in FY15 to Rs 128,044 m in FY19.
Over the past 5 years, the revenue of SHREE CEMENT has grown at a CAGR of 20.7%.
The net profit of SHREE CEMENT stood at Rs 10,151 m in FY19, which was down -26.7% compared to Rs 13,842 m reported in FY18.
This compares to a net profit of Rs 13,391 m in FY17 and a net profit of Rs 11,431 m in FY16.
Over the past 5 years, SHREE CEMENT net profit has grown at a CAGR of 24.2%.
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 SHREE CEMENT reveals:
Here's the cash flow statement of SHREE CEMENT for the past 5 years.
(Rs m) | FY15 | FY16 | FY17 | FY18 | FY19 |
---|---|---|---|---|---|
From Operations | 12,385 | 15,661 | 22,016 | 18,787 | 20,800 |
From Investments | -9,901 | -12,646 | -20,478 | -35,947 | -7,215 |
From Financial Activity | -2,586 | -2,708 | -1,669 | 17,262 | -12,760 |
Net Cashflow | -101 | 308 | -131 | 102 | 842 |
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 SHREE CEMENT reveals:
Here's the ratio/financial analysis of SHREE CEMENT for the past 5 years.
FY15 | FY16 | FY17 | FY18 | FY19 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 22.2 | 28.1 | 31.9 | 26.0 | 20.8 |
Net Profit Margin (%) | 7.2 | 22.8 | 18.0 | 14.6 | 8.1 |
Debt to Equity Ratio (x) | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 |
Read: Latest Annual Report Analysis of SHREE CEMENT
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1 Responses to "SHREE CEMENT 2018-19 Annual Report Analysis"
Arvind Mangal
Apr 20, 2020Please allow to see