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Sagar Cements

₹220 9.2 | 4.3%

Market Cap ₹2876 Cr.

Stock P/E 64.5

P/B 1.8

Current Price ₹220

Book Value ₹ 120.2

Face Value 2

52W High ₹304.7

Dividend Yield 0.32%

52W Low ₹ 190.9

Overview Inc. Year: 1981Industry: Cement & Construction Materials

Sagar Cements Ltd is engaged within the manufacture of cement. The Company is engaged inside the enterprise of cement and cement-associated products. The Company manufactures various styles of cement, including ordinary Portland cement (OPC) of 53 grade, 43 grade, Portland Pozzalona Cement (PPC) and Sulfate Resistant Cement (SRC) to match numerous want of customers. The cement produced by means of the Company is sold below the brand name, SAGAR. Its products are used for applications, which includes reinforced cement concrete (RCC) works; precast concrete objects, consisting of paving blocks and tiles constructing blocks; pre-stressed concrete additives; runways, concrete roads and bridges; popular civil engineering construction work; asbestos products, together with sheets and pipes, and non-structural works, which include plastering and floors. Its products also are used for mass concreting and plain cement concreting, and for plastering and single storied individual homes. Its plants are situated in Telangana, India.

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Sagar Cements Share Price

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Sagar Cements Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 369 334 502 558 475 576 622 540 587 669
Other Income 3 2 4 12 15 14 181 4 3 4
Total Income 372 336 506 570 489 590 803 544 590 673
Total Expenditure 308 287 441 497 469 528 583 509 527 582
Operating Profit 63 49 65 73 21 62 220 34 63 91
Interest 11 18 47 48 50 51 52 44 47 49
Depreciation 20 22 32 37 38 40 42 50 51 56
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 15 0
Profit Before Tax 32 8 -13 -11 -68 -29 126 -59 -20 -14
Provision for Tax 12 -1 6 2 -24 -6 28 -17 -10 -4
Profit After Tax 20 10 -19 -13 -44 -24 98 -42 -11 -10
Adjustments 0 1 8 6 7 5 3 2 2 2
Profit After Adjustments 20 10 -12 -7 -37 -19 101 -40 -8 -8
Adjusted Earnings Per Share 1.7 0.9 -1 -0.6 -2.8 -1.4 7.7 -3 -0.6 -0.6

Sagar Cements Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 753 814 1038 1218 1175 1371 1597 2230 2418
Other Income 5 5 10 5 5 12 13 223 192
Total Income 759 819 1048 1223 1180 1383 1610 2452 2610
Total Expenditure 631 705 890 1071 991 975 1321 2076 2201
Operating Profit 127 114 159 152 190 408 289 376 408
Interest 42 62 59 63 61 47 92 202 192
Depreciation 35 48 54 66 79 81 93 156 199
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 15
Profit Before Tax 51 4 46 23 50 281 104 18 33
Provision for Tax 6 8 19 10 23 95 45 10 -3
Profit After Tax 44 -4 26 14 27 186 59 9 35
Adjustments 0 0 0 0 0 0 10 21 9
Profit After Adjustments 44 -4 26 14 27 187 69 29 45
Adjusted Earnings Per Share 5.1 -0.4 2.6 1.3 2.4 15.9 5.9 2.2 3.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 40% 24% 17% 0%
Operating Profit CAGR 30% 26% 19% 0%
PAT CAGR -85% -31% -19% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 9% 11% 13% 19%
ROE Average 1% 8% 6% 5%
ROCE Average 8% 12% 10% 10%

Sagar Cements Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 549 763 779 844 967 1191 1255 1637
Minority's Interest 0 0 0 0 54 54 54 51
Borrowings 295 350 330 306 287 638 1129 1152
Other Non-Current Liabilities 74 56 65 72 107 192 212 163
Total Current Liabilities 328 340 365 506 502 554 775 782
Total Liabilities 1247 1509 1539 1728 1918 2628 3425 3786
Fixed Assets 957 1001 1053 1244 1384 1301 2048 2793
Other Non-Current Assets 73 100 195 145 216 695 634 227
Total Current Assets 217 408 292 339 317 632 742 765
Total Assets 1247 1509 1539 1728 1918 2628 3425 3786

Sagar Cements Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 217 3 162 41 18 3 225 143
Cash Flow from Operating Activities 129 101 150 133 202 377 87 175
Cash Flow from Investing Activities -111 -151 -194 -187 -227 -476 -784 170
Cash Flow from Financing Activities -235 208 -77 31 10 322 615 -367
Net Cash Inflow / Outflow -217 159 -121 -23 -15 222 -82 -21
Closing Cash & Cash Equivalent 3 162 41 18 3 225 143 175

Sagar Cements Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 5.09 -0.38 2.57 1.33 2.4 15.88 5.89 2.22
CEPS(Rs) 9.08 4.28 7.83 7.77 9.46 22.74 12.92 12.57
DPS(Rs) 1 0.3 0.8 0.5 0.5 1.3 0.7 0.7
Book NAV/Share(Rs) 63.15 74.8 76.39 77.18 84.77 101.35 106.85 125.29
Core EBITDA Margin(%) 14.15 11.58 13.75 12.06 15.7 24.79 13.96 6.03
EBIT Margin(%) 10.72 7.04 9.74 7.11 9.42 20.45 9.94 8.66
Pre Tax Margin(%) 5.87 0.45 4.24 1.91 4.23 17.54 5.26 0.73
PAT Margin (%) 5.13 -0.42 2.44 1.12 2.26 11.63 2.99 0.33
Cash Profit Margin (%) 9.16 4.64 7.41 6.51 8.97 16.7 7.69 6.47
ROA(%) 4.89 -0.28 1.72 0.83 1.46 8.19 1.95 0.24
ROE(%) 11.62 -0.6 3.41 1.74 3.06 17.43 4.84 0.59
ROCE(%) 12.98 5.94 8.37 6.63 7.88 18.96 8.26 7.5
Receivable days 25.98 31.35 29.37 31.21 39.2 27.09 20.41 18.21
Inventory Days 29.59 38.93 34.76 35.96 40.5 27.39 30.74 34.44
Payable days 250.06 490.48 359.33 260.33 342.74 344.07 364.47 229.02
PER(x) 15.19 0 71.82 98.15 25.5 9 41.95 85.15
Price/Book(x) 1.22 2.13 2.42 1.69 0.72 1.41 2.31 1.51
Dividend Yield(%) 1.29 0.19 0.43 0.38 0.82 0.91 0.28 0.37
EV/Net Sales(x) 1.46 2.38 2.22 1.49 0.98 1.63 2.66 1.68
EV/Core EBITDA(x) 8.63 17.02 14.54 11.91 6.1 5.46 14.67 9.94
Net Sales Growth(%) 56.69 8.02 27.55 17.29 -3.48 16.69 16.45 39.62
EBIT Growth(%) 48.8 -28.31 58.31 -17.5 27.8 195.67 -39.95 12.03
PAT Growth(%) 118.63 -108.85 769.9 -48.25 95.22 601.55 -68.22 -85.63
EPS Growth(%) 97.1 -107.55 769.92 -48.25 79.95 562.13 -62.93 -62.25
Debt/Equity(x) 0.79 0.64 0.61 0.65 0.52 0.68 1.2 0.9
Current Ratio(x) 0.66 1.2 0.8 0.67 0.63 1.14 0.96 0.98
Quick Ratio(x) 0.38 0.87 0.54 0.38 0.4 0.92 0.69 0.63
Interest Cover(x) 2.21 1.07 1.77 1.37 1.81 7.03 2.12 1.09
Total Debt/Mcap(x) 0.64 0.3 0.25 0.38 0.72 0.48 0.52 0.6

Sagar Cements Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 50.28 50.28 45.2 45.2 45.2 45.2 45.2 48.31 48.31 48.31
FII 5.8 5.24 4.47 4.33 3.97 3.92 2.99 2.56 2.84 2.71
DII 8.96 8.87 18.21 18.16 19.08 19.1 19.59 18.76 17.05 17.26
Public 34.96 35.61 32.12 32.31 31.75 31.78 32.22 30.36 31.8 31.72
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 364.47 to 229.02days.

Cons

  • Promoter holding is low: 48.31%.
  • Company has a low return on equity of 8% over the last 3 years.
  • The company has delivered a poor profit growth of -19% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Sagar Cements News

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