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Last Updated on: 22 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 518017 | NSE: BHEEMACEM

Fundamental Analysis of Bheema Cements Ltd

Basic Stock Data

Last Updated: April 19, 2024, 10:12 am

Market Cap 76.5 Cr.
Current Price 23.4
High / Low73.5/21.0
Stock P/E
Book Value 23.5
Dividend Yield0.00 %
ROCE15.2 %
ROE46.9 %
Face Value 10.0

Data Source:

Competitors of Bheema Cements Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
NCL Industries Ltd 931 Cr. 206258/17311.5 1801.46 %11.1 %5.99 % 10.0
JK Lakshmi Cement Ltd 9,414 Cr. 8001,000/60722.5 2470.47 %14.2 %13.1 % 5.00
Gujarat Sidhee Cement Ltd 296 Cr. 33.1/ 52.20.00 %6.94 %4.33 % 10.0
Heidelberg Cement India Ltd 4,439 Cr. 196247/16628.7 61.43.57 %10.7 %6.55 % 10.0
Deccan Cements Ltd 854 Cr. 610668/42919.4 5000.61 %9.00 %7.42 % 5.00
Industry Average3,186.80 Cr369.0216.42208.121.22%10.39%7.48%8.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Operating Profit-0.39-1.68-0.25-0.77-0.55-2.29-0.17-10.22-0.90-4.08-0.32-0.26-0.26
Other Income0.
Profit before tax-1.20-6.79-0.10-11.14-5.81-14.90-7.27-17.34-8.02-11.20-7.44-7.38-7.38
Tax %0.00%0.00%0.00%0.00%0.00%-33.96%0.00%-9.23%-9.98%-7.05%0.00%-21.68%0.00%
Net Profit-1.20-6.78-0.10-11.13-5.80-19.96-7.27-18.93-8.82-12.00-7.43-8.98-7.38
EPS in Rs-0.42-2.08-0.03-3.41-1.78-6.12-2.23-5.80-2.70-3.68-2.28-2.75-2.26

Last Updated: April 10, 2024, 6:25 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 8:26 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit119-15-24-6-8-19-5-11-3-4-15-5
OPM %9%6%-12%
Other Income04276-10001000
Profit before tax-6-4-42-19-1-23-34-19-11-24-32-44-33
Tax %9%-421%2%-10%0%0%0%0%0%0%-16%-7%
Net Profit-5-19-42-21-1-23-34-19-11-24-37-47-36
EPS in Rs-1.85-6.83-14.72-7.35-0.53-8.05-12.00-6.83-3.80-7.38-11.33-14.42-10.97
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

YoY Net Profit Growth (%)-280.00%-121.05%50.00%95.24%-2200.00%-47.83%44.12%42.11%-118.18%-54.17%-27.03%
Change in YoY Net Profit Growth (%)0.00%158.95%171.05%45.24%-2295.24%2152.17%91.94%-2.01%-160.29%64.02%27.14%


Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
Compounded Profit Growth
10 Years:%
5 Years:-9%
3 Years:%
Stock Price CAGR
10 Years:7%
5 Years:%
3 Years:%
1 Year:-66%
Return on Equity
10 Years:%
5 Years:%
3 Years:-26%
Last Year:-47%

Last Updated: April 16, 2024, 1:23 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital28282828282828280333333
Preference Capital1924272727272727000
Other Liabilities10318018920820622423423932718
Total Liabilities511570482473472407375354357337309294
Fixed Assets196461446445445380358337337316288260
Other Assets9610936282727161720211926
Total Assets511570482473472407375354357337309294

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -2221123050-6-4-9-9-101
Cash from Investing Activity -28-58-20010-0000-1
Cash from Financing Activity 5237-122-1-5-16420900
Net Cash Flow2-0-1-10-0-0011-0-10-0

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-8.00-15.00-42.00-51.00-33.00-35.00-46.00-32.00-11.00-3.00-4.00-15.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days11711643-11,902-16,103
Inventory Days42781454-6,856-9,232
Days Payable218603605
Cash Conversion Cycle327328-508-18,758-25,335
Working Capital Days183105-303-208,193-294,834
ROCE %2%2%-6%-6%0%-8%-17%-12%-4%-7%-10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
No. of Shareholders55666637858501,3261,7282,839

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)-14.42-11.33-7.38-538.11-6.83
Diluted EPS (Rs.)-14.42-11.33-7.38-538.11-6.83
Cash EPS (Rs.)-5.69-2.63-0.92-5.38-1.82
Book Value[Excl.RevalReserv]/Share (Rs.)23.5137.9349.2687.36-32.80
Book Value[Incl.RevalReserv]/Share (Rs.)23.5137.9349.2687.36-32.80
PBDIT / Share (Rs.)-4.71-1.08-0.63-5.38-1.63
PBIT / Share (Rs.)-13.44-9.78-7.08-5.38-6.64
PBT / Share (Rs.)-13.44-9.78-7.38-5.38-6.83
Net Profit / Share (Rs.)-14.42-11.33-7.38-5.38-6.83
Return on Networth / Equity (%)-61.32-29.88-14.97-6.160.00
Return on Capital Employeed (%)-47.45-24.77-14.38-6.16-3999.04
Return On Assets (%)-15.99-11.97-7.14-3.01-5.46
Total Debt / Equity (X)2.601.441.081.03-0.49
Current Ratio (X)
Quick Ratio (X)
Interest Coverage Ratio (X)0.000.00-2.150.00-8.44
Interest Coverage Ratio (Post Tax) (X)0.000.00-24.000.00-34.42
Enterprise Value (Cr.)459.16252.590.000.000.00
EV / EBITDA (X)-29.90-
Price / BV (X)3.410.610.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 168.63

The stock is undervalued by 620.64% compared to the current price ₹23.4

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

  1. The stock has a low average Working Capital Days of -43.08, which is a positive sign.
  2. The company has higher reserves (45.25 cr) compared to borrowings (17.08 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of -5.50%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 8.67, which may not be favorable.
  3. The company has not shown consistent growth in sales (30.62) and profit (-22.46).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bheema Cements Ltd:
    1. Net Profit Margin: N/A%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -47.45% (Industry Average ROCE: 9.67%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -61.32% (Industry Average ROE: 6.65%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.00
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.06
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E of N/A (Industry average Stock P/E: 31.48)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 2.60
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★☆☆☆☆

About the Company - Qualitative Analysis

Bheema Cements Ltd. is a Public Limited Listed company incorporated on 21/06/1978 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L26942TG1978PLC002315 and registration number is 002315. Currently company belongs to the Industry of Cement. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 32.61 Cr. for the Year ended 31/03/2022.
Cement6-3-652/C/A, Flat 5A, Hyderabad Telangana
NamePosition Held
Mr. Kandula Prasanna Sai RaghuveerChairman & Managing Director
Mr. Kuchampudi Srinivasa Upendrasaketh VarmaWhole Time Director
Mr. Tadimella RajakishoreDirector
Ms. Bhavani Lakshmi KilaruWoman Director
Mr. Ruthwesh ArgulaIndependent Director
Mr. Pawan JainIndependent Director
Mr. Shailesh Shivappa BiradarIndependent Director
Mr. Anantha Ramaiah SrinivasulaIndependent Director

Bheema Cements Ltd. Share Price Update

Share PriceValue
Previous Day₹23.34


What is the latest fair value of Bheema Cements Ltd?

The latest fair value of Bheema Cements Ltd is 168.63.

What is the Market Cap of Bheema Cements Ltd?

The Market Cap of Bheema Cements Ltd is 76.5 Cr..

What is the current Stock Price of Bheema Cements Ltd as on 21 April 2024?

The current stock price of Bheema Cements Ltd as on 21 April 2024 is 23.4.

What is the High / Low of Bheema Cements Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bheema Cements Ltd stocks is ₹73.5/21.0.

What is the Stock P/E of Bheema Cements Ltd?

The Stock P/E of Bheema Cements Ltd is .

What is the Book Value of Bheema Cements Ltd?

The Book Value of Bheema Cements Ltd is 23.5.

What is the Dividend Yield of Bheema Cements Ltd?

The Dividend Yield of Bheema Cements Ltd is 0.00 %.

What is the ROCE of Bheema Cements Ltd?

The ROCE of Bheema Cements Ltd is 15.2 %.

What is the ROE of Bheema Cements Ltd?

The ROE of Bheema Cements Ltd is 46.9 %.

What is the Face Value of Bheema Cements Ltd?

The Face Value of Bheema Cements Ltd is 10.0.

About the Author

Author Avatar

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bheema Cements Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE