Mehabe score: 4 G Factor: 7 Piotski Score: 7 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 7 and Piotski score of 7.
Description
HeidelbergCement India is engaged in the manufacturing and selling of Cement.Site:HEIDELBERGMain Symbol:HEIDELBERG
Stock trades at 266.0, above its 50dma 252.53. It also trades above its 200dma 229.21. The stock remains bullish on techicals
The 52 week high is at 284.95 and the 52week low is at 171.90
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
– has delivered good profit growth of 55.27% CAGR over last 5 years
– has been maintaining a healthy dividend payout of 54.02%
Weakness
– The company has delivered a poor sales growth of 5.13% over past five years.
Competition
– The industry trades at a mean P/E of 23.4x. Shree Cement trades at the industry’s max P/E of 44.56x. HEIDELBERG trades at a P/E of 19.1x
– Industry’s mean G-Factor is 5.4 while the mean Piotski score is 9.0. HEIDELBERG has a G-Factor of 7 and Piotski scoreof 7.
– Average 1 month return for industry is 11.5%. The max 1- month return was given by JK Lakshmi Cem.: a return of 22.62 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 556.0 cr compared to Rs 408.0 cr for period ended Jun 2020, a rise of 36.3%
Operating Profits reported at Rs 131.0 cr for period ended Jun 2021 vis-vis 108.0 for period ended Jun 2020 .
Operating Margins contracted -290.9 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 3.03 compared to Rs 6.18 for previous quarter ended Mar 2021 and Rs 2.16 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 2265.0 cr for period ended TTM vis-vis sales of Rs 2117.0 cr for the period ended Mar 2021, a growth of 6.5%. The 3 year sales cagr stood at 2.0%.
Operating margins shrank to 23.0% for period ended TTM vis-vis 24.0% for period ended Mar 2021, contraction of 100.0 bps.
Net Profit reported at Rs 335.0 cr for period ended TTM vis-vis sales of Rs 315.0 cr for the period ended Mar 2021, rising 6.0%.
Company recorded a healthy Net Profit CAGR of 14.9% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 22.0% compared to 21.0% over the last 3 Years. – The stock has given a return of 46% on a 1 Year basis vis-vis a return of 23% over the last 3 Years. – The compounded sales growth on a TTM bassis is -2% vis-vis a compounded sales growth of 4% over the last 3 Years. – The compounded profit growth on a TTM basis is 17% vis-vis a compounded profit growth of 33% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has fallen for the period ended Jun 2021. The Jun 2021 fii holding stood at 6.59% vis-vis 8.87% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 13.79% vis-vis 13.62% for Mar 2021
Conclusion
– has reduced debt.
– is almost debt free.
– has delivered good profit growth of 55.27% CAGR over last 5 years
– has been maintaining a healthy dividend payout of 54.02% – The company has delivered a poor sales growth of 5.13% over past five years.
