Sagar Cements

₹198.4 -3.6 | 1.8%

WEBSITE BSE:502090 NSE : SAGAR CEM. 23 Mar, 16:01

Market Cap ₹2590 Cr.

Stock P/E -30.8

P/B 1.7

Current Price ₹198.4

Book Value ₹ 115.7

Face Value 2

52W High ₹275

Dividend Yield 0.35%

52W Low ₹ 155.2

Edit Ratio

Sagar Cements Research see more...

Equity Research: Sagar Cement

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.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Sagar Cements Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	326	364	418	393	369	334	502	558	475	576
Other Income	3	2	2	5	3	2	4	12	15	14
Total Income	329	366	419	397	372	336	506	570	489	590
Total Expenditure	221	259	313	285	308	287	441	497	469	528
Operating Profit	108	106	106	112	63	48	65	73	21	62
Interest	12	11	11	16	11	18	47	48	50	51
Depreciation	20	20	20	19	20	22	32	37	38	40
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	76	75	75	77	32	8	-13	-11	-68	-29
Provision for Tax	26	25	25	27	11	3	6	2	-18	-2
Profit After Tax	50	50	50	50	21	5	-19	-13	-49	-27
Adjustments	0	0	0	1	0	1	8	6	7	5
Profit After Adjustments	50	50	50	51	21	5	-12	-7	-42	-22
Adjusted Earnings Per Share	4.3	4.2	4.3	4.4	1.8	0.5	-1	-0.6	-3.2	-1.7

Sagar Cements Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	753	814	1038	1218	1175	1371	1597	2111
Other Income	5	5	10	5	5	12	13	45
Total Income	759	819	1048	1223	1180	1383	1610	2155
Total Expenditure	631	705	890	1071	991	975	1321	1935
Operating Profit	127	114	159	152	190	408	289	221
Interest	42	62	59	63	61	47	92	196
Depreciation	35	48	54	66	79	81	93	147
Exceptional Income / Expenses	0	0	0	0	0	0	0	0
Profit Before Tax	51	4	46	23	50	281	104	-121
Provision for Tax	6	8	19	10	23	95	45	-12
Profit After Tax	44	-4	26	14	27	186	59	-108
Adjustments	0	0	0	0	0	0	10	26
Profit After Adjustments	44	-4	26	14	27	187	69	-83
Adjusted Earnings Per Share	5.1	-0.4	2.6	1.3	2.4	15.9	5.9	-6.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	16%	9%	14%	0%
Operating Profit CAGR	-29%	24%	20%	0%
PAT CAGR	-68%	62%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-21%	51%	2%	16%
ROE Average	5%	8%	6%	6%
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
Shareholder's Funds	549	763	779	844	967	1191	1255
Minority's Interest	0	0	0	0	54	54	54
Borrowings	295	350	330	306	287	638	1129
Other Non-Current Liabilities	74	56	65	72	107	192	212
Total Current Liabilities	328	340	365	506	502	554	775
Total Liabilities	1247	1509	1539	1728	1918	2628	3425
Fixed Assets	957	1001	1053	1244	1384	1301	2048
Other Non-Current Assets	73	100	195	145	216	695	634
Total Current Assets	217	408	292	339	317	632	742
Total Assets	1247	1509	1539	1728	1918	2628	3425

Sagar Cements Cash Flow

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

Sagar Cements Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	5.09	-0.38	2.57	1.33	2.4	15.88	5.89
CEPS(Rs)	9.08	4.28	7.83	7.77	9.46	22.74	12.92
DPS(Rs)	1	0.3	0.8	0.5	0.5	1.3	0.7
Book NAV/Share(Rs)	63.15	74.8	76.39	77.18	84.77	101.35	106.85
Core EBITDA Margin(%)	14.15	11.58	13.75	12.06	15.7	24.79	13.96
EBIT Margin(%)	10.72	7.04	9.74	7.11	9.42	20.45	9.94
Pre Tax Margin(%)	5.87	0.45	4.24	1.91	4.23	17.54	5.26
PAT Margin (%)	5.13	-0.42	2.44	1.12	2.26	11.63	2.99
Cash Profit Margin (%)	9.16	4.64	7.41	6.51	8.97	16.7	7.69
ROA(%)	4.89	-0.28	1.72	0.83	1.46	8.19	1.95
ROE(%)	11.62	-0.6	3.41	1.74	3.06	17.43	4.84
ROCE(%)	12.98	5.94	8.37	6.63	7.88	18.96	8.26
Receivable days	25.98	31.35	29.37	31.21	39.2	27.09	20.41
Inventory Days	29.59	38.93	34.76	35.96	40.5	27.39	30.74
Payable days	250.06	490.48	359.33	260.33	342.74	344.07	364.47
PER(x)	15.19	0	71.82	98.16	25.5	9	41.95
Price/Book(x)	1.22	2.13	2.42	1.69	0.72	1.41	2.31
Dividend Yield(%)	1.29	0.19	0.43	0.38	0.82	0.91	0.28
EV/Net Sales(x)	1.46	2.38	2.22	1.49	0.98	1.63	2.66
EV/Core EBITDA(x)	8.63	17.02	14.54	11.91	6.1	5.46	14.67
Net Sales Growth(%)	56.69	8.02	27.55	17.29	-3.48	16.69	16.45
EBIT Growth(%)	48.8	-28.31	58.31	-17.5	27.8	195.67	-39.95
PAT Growth(%)	118.63	-108.85	769.9	-48.25	95.22	601.55	-68.22
EPS Growth(%)	97.1	-107.55	769.9	-48.25	79.96	562.13	-62.93
Debt/Equity(x)	0.79	0.64	0.61	0.65	0.52	0.68	1.2
Current Ratio(x)	0.66	1.2	0.8	0.67	0.63	1.14	0.96
Quick Ratio(x)	0.38	0.87	0.54	0.38	0.4	0.92	0.69
Interest Cover(x)	2.21	1.07	1.77	1.37	1.81	7.03	2.12
Total Debt/Mcap(x)	0.64	0.3	0.25	0.38	0.72	0.48	0.52

Sagar Cements Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	50.16	50.26	50.28	50.28	50.28	50.28	50.28	45.2	45.2	45.2
FII	2.73	2.98	3.24	3.05	6.14	5.8	5.24	4.47	4.33	3.97
DII	12.37	12.1	11.77	11.54	8.17	8.96	8.87	18.21	18.16	19.08
Public	34.74	34.66	34.72	35.13	35.42	34.96	35.61	32.12	32.31	31.75
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	1.18	1.18	1.18	1.18	5.91	5.91	5.91	5.91	5.91	5.91
FII	0.06	0.07	0.08	0.07	0.72	0.68	0.62	0.58	0.57	0.52
DII	0.29	0.28	0.28	0.27	0.96	1.05	1.04	2.38	2.37	2.49
Public	0.82	0.81	0.82	0.83	4.16	4.11	4.18	4.2	4.22	4.15
Others	0	0	0	0	0	0	0	0	0	0
Total	2.35	2.35	2.35	2.35	11.75	11.75	11.75	13.07	13.07	13.07