Mehabe score: 7 G Factor: 5 Piotski Score: 8 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 5 and Piotski score of 8.
Description
Shree Cement is engaged in the manufacturing and selling of cement and cement related products. It is recognized as one of the most efficient and environment friendly company in the global cement industry.(Source : 202003 Annual Report Page No: 126)Site:SHREECEMMain Symbol:SHREECEM
Stock trades at 28096.0, above its 50dma 27993.14. It also trades above its 200dma 26195.96. The stock remains bullish on techicals
The 52 week high is at 32050.00 and the 52week low is at 18183.55
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
– has been maintaining a healthy dividend payout of 18.73%
Weakness
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Competition
– The industry trades at a mean P/E of 23.1x. Shree Cement trades at the industry’s max P/E of 44.35x. SHREECEM trades at a P/E of 44.4x
– Industry’s mean G-Factor is 5.3 while the mean Piotski score is 9.0. SHREECEM has a G-Factor of 5 and Piotski scoreof 8.
– Average 1 month return for industry is 8.5%. The max 1- month return was given by JK Lakshmi Cem.: a return of 12.9 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 4205.0 cr compared to Rs 3415.0 cr for period ended Mar 2020, a rise of 23.1%
Operating Profits reported at Rs 1240.0 cr for period ended Mar 2021 vis-vis 1057.0 for period ended Mar 2020 .
Operating Margins contracted -146.3 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 221.29 compared to Rs 174.85 for previous quarter ended Dec 2020 and Rs 148.54 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 13476.0 cr for period ended Mar 2021 vis-vis sales of Rs 12868.0 cr for the period ended Mar 2020, a growth of 4.5%. The 3 year sales cagr stood at 11.1%.
Operating margins expanded to 30.0% for period ended Mar 2021 vis-vis 29.0% for period ended Mar 2020, expansion of 100.0 bps.
Net Profit reported at Rs 2286.0 cr for period ended Mar 2021 vis-vis sales of Rs 1530.0 cr for the period ended Mar 2020, rising 33.1%.
Company recorded a healthy Net Profit CAGR of 18.2% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 4254.0 cr for period ended Mar 2021 vis-vis Rs 3973.0 cr for period ended Mar 2020
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 16.0% compared to 14.0% over the last 3 Years. – The stock has given a return of 26% on a 1 Year basis vis-vis a return of 20% over the last 3 Years. – The compounded sales growth on a TTM bassis is 5% vis-vis a compounded sales growth of 11% over the last 3 Years. – The compounded profit growth on a TTM basis is 49% vis-vis a compounded profit growth of 19% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2021 fii holding stood at 12.51% vis-vis 12.18% for Dec 2020 – Public shareholding has remained largely constant. The Mar 2021 public holding stood at 14.14% vis-vis 14.2% for Dec 2020
Conclusion
– has reduced debt.
– is almost debt free.
– has been maintaining a healthy dividend payout of 18.73% –
