Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shree Digvijay Cement Co. Ltd

About the Company - Shree Digvijay Cement Co. Ltd

Shree Digvijay Cement Company Ltd. is a Public Limited Listed company incorporated on 06/11/1944 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L26940GJ1944PLC000749 and registration number is 000749. Currently company belongs to the Industry of Cement. Company’s Total Operating Revenue is Rs. 629.34 Cr. and Equity Capital is Rs. 144.03 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
CementP. O. Digvijaygram, Jamnagar Dist. Gujarat 361140investors.sdccl@digvijaycement.com
http://www.digvijaycement.com
Management
NamePosition Held
Mr. Anil SinghviExecutive Chairman
Mr. K K Rajeev NambiarManaging Director & CEO
Mr. Pramod KabraNon Executive Director
Mr. Mahesh GuptaIndependent Director
Ms. Mitu SamarIndependent Director
Mr. Satish KulkarniIndependent Director

Shree Digvijay Cement Company Ltd. Share Price Update

Share PriceValue
Today₹109.70
Previous Day₹109.60

Basic Stock Data of Shree Digvijay Cement Co. Ltd

Market Cap 1,601 Cr.
Current Price 109
High / Low124/57.3
Stock P/E19.9
Book Value 21.4
Dividend Yield3.64 %
ROCE22.7 %
ROE18.1 %
Face Value 10.0

Data Source: screener.in

Competitors of Shree Digvijay Cement Co. Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shree Cement Ltd 95,666 Cr. 26,51430,738/22,60140.6 5,3130.37 %8.99 %7.45 % 10.0
Ambuja Cements Ltd 1,16,547 Cr. 587597/32435.7 1660.42 %12.6 %10.8 % 2.00
NCL Industries Ltd 1,085 Cr. 240258/16713.4 1801.25 %11.1 %5.99 % 10.0
Deccan Cements Ltd 899 Cr. 642668/38820.4 5000.55 %9.00 %7.42 % 5.00
Andhra Cements Ltd 1,083 Cr. 118159/4.8812.2 36.50.00 %15.4 %% 10.0
Industry Average199.4 Cr322.624.46177.50.52%11.42%6.33%7.4

Shree Digvijay Cement Co. Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales143175155154152169161162206195193183191
Expenses117128114126132140130147190157162165142
Operating Profit27474128192931151638311849
OPM %19%27%26%18%13%17%19%9%8%20%16%10%26%
Other Income2211111213222
Interest1000000100111
Depreciation7777899999998
Profit before tax224234211221238832231042
Tax %35%35%37%36%38%39%26%25%-30%24%24%29%25%
Net Profit14272213713176102417731
EPS in Rs0.991.931.520.930.510.891.190.410.711.681.190.502.14

Shree Digvijay Cement Co. Ltd Quarterly Chart

Shree Digvijay Cement Co. Ltd Profit & Loss

MonthDec 2011Dec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales332383332411474315413436470503629725778
Expenses316342342394432307366410369397512624675
Operating Profit1641-11184184827101106117101103
OPM %5%11%-3%4%9%3%12%6%21%21%19%14%13%
Other Income521-873126526478
Interest1137131111422112
Depreciation10101314262223242527313536
Profit before tax951-3545-142137783887173
Tax %0%19%-2%0%0%35%35%38%26%35%37%19%
Net Profit941-3645-91325654555859
EPS in Rs0.672.92-2.510.260.37-0.640.950.153.993.793.843.974.08
Dividend Payout %0%0%0%0%0%0%0%0%38%66%91%101%

Shree Digvijay Cement Co. Ltd Profit & Loss Yearly Chart

Shree Digvijay Cement Co. Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:12%
3 Years:16%
TTM:9%
Compounded Profit Growth
10 Years:6%
5 Years:34%
3 Years:1%
TTM:74%
Stock Price CAGR
10 Years:28%
5 Years:43%
3 Years:26%
1 Year:68%
Return on Equity
10 Years:9%
5 Years:16%
3 Years:18%
Last Year:18%

Shree Digvijay Cement Co. Ltd Balance Sheet

MonthDec 2011Dec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital141141141141141141141141141142144145147
Reserves4284485257637778135169168179168
Borrowings28296486116962540000032
Other Liabilities827667829978107100103120150143148
Total Liabilities294330320361414378351360380432462468496
Fixed Assets109102160206216217201194188182197182180
CWIP677213400810913575
Investments354040000000002
Other Assets82115143151197161142156182237260279309
Total Assets294330320361414378351360380432462468496

Shree Digvijay Cement Co. Ltd Reserves and Borrowings Chart

Shree Digvijay Cement Co. Ltd Cash Flow

MonthDec 2011Dec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 4521-22252131102-294955786
Cash from Investing Activity -67-2012-25-32-29-12-4-14-97-40-37
Cash from Financing Activity 23-1282517-32-8112-42-21-56-50
Net Cash Flow1-119255-308638-23-39-0

Shree Digvijay Cement Co. Ltd Financial Efficiency Indicators

MonthDec 2011Dec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days65512126111188811
Inventory Days552735442213334437181253352342517425
Days Payable248260163121188213236231258234255231
Cash Conversion Cycle310480284104158230-4533101116270205
Working Capital Days-2414-1152319-33-12-8-61613
ROCE %6%17%-7%4%7%-1%12%3%29%29%29%23%

Shree Digvijay Cement Co. Ltd Financial Efficiency Indicators Chart

Shree Digvijay Cement Co. Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters56.80%56.65%56.22%56.19%56.12%56.12%56.01%56.01%55.66%55.62%55.07%55.07%
FIIs0.00%0.24%0.38%0.46%0.29%0.23%0.22%0.18%0.12%2.84%2.93%2.91%
DIIs0.00%0.00%0.00%0.01%0.00%0.00%0.06%0.00%0.00%0.00%0.30%0.70%
Public43.19%43.11%43.40%43.35%43.59%43.65%43.69%43.81%44.22%41.54%41.70%41.32%
No. of Shareholders45,21957,54364,31366,17970,99771,95772,14872,69672,01169,62774,17674,092

Shree Digvijay Cement Co. Ltd Shareholding Pattern Chart

No. of Shree Digvijay Cement Co. Ltd Shareholders

Shree Digvijay Cement Co. Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Union Value Fund3250001.533.05
Union Small Cap Fund3000000.222.81

Shree Digvijay Cement Co. Ltd ROCE Trend

Shree Digvijay Cement Co. Ltd EPS Trend

Shree Digvijay Cement Co. Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21
FaceValue10.0010.0010.00
Basic EPS (Rs.)4.023.863.79
Diluted EPS (Rs.)3.973.783.66
Cash EPS (Rs.)6.436.025.68
Book Value[Excl.RevalReserv]/Share (Rs.)22.3821.6821.86
Book Value[Incl.RevalReserv]/Share (Rs.)22.3821.6821.86
Revenue From Operations / Share (Rs.)50.0543.7035.34
PBDIT / Share (Rs.)7.448.407.82
PBIT / Share (Rs.)5.016.225.94
PBT / Share (Rs.)4.926.125.83
Net Profit / Share (Rs.)4.003.843.79
NP After MI And SOA / Share (Rs.)4.003.843.79
PBDIT Margin (%)14.8719.2322.14
PBIT Margin (%)10.0114.2416.80
PBT Margin (%)9.8314.0116.48
Net Profit Margin (%)7.998.7810.73
NP After MI And SOA Margin (%)7.998.7810.73
Return on Networth / Equity (%)17.8717.7017.34
Return on Capital Employeed (%)21.1926.2725.80
Return On Assets (%)12.4011.9512.50
Asset Turnover Ratio (%)1.561.410.00
Current Ratio (X)2.061.912.11
Quick Ratio (X)1.140.861.39
Inventory Turnover Ratio (X)1.071.210.00
Dividend Payout Ratio (NP) (%)86.86103.5439.29
Dividend Payout Ratio (CP) (%)54.0566.0326.24
Earning Retention Ratio (%)13.14-3.5460.71
Cash Earning Retention Ratio (%)45.9533.9773.76
Interest Coverage Ratio (X)80.8583.1369.85
Interest Coverage Ratio (Post Tax) (X)44.4538.9634.85
Enterprise Value (Cr.)789.20912.64756.91
EV / Net Operating Revenue (X)1.091.451.51
EV / EBITDA (X)7.307.546.80
MarketCap / Net Operating Revenue (X)1.231.581.75
Retention Ratios (%)13.13-3.5460.70
Price / BV (X)2.763.192.83
Price / Net Operating Revenue (X)1.231.581.75
EarningsYield0.060.050.06

Shree Digvijay Cement Co. Ltd Profitability Ratios (%)

Shree Digvijay Cement Co. Ltd Liquidity Ratios

Shree Digvijay Cement Co. Ltd Liquidity Ratios (%)

Shree Digvijay Cement Co. Ltd Interest Coverage Ratios (X)

Shree Digvijay Cement Co. Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shree Digvijay Cement Co. Ltd

Fair Value: ₹79.89

The stock is overvalued by 26.71% compared to the current price ₹109

*Investments are subject to market risks

Strength and Weakness of Shree Digvijay Cement Co. Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -0.33, which is a positive sign.
  2. The company has higher reserves (101.54 cr) compared to borrowings (39.69 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (477.00 cr) and profit (33.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 5.72 and average Dividend Yield of 13.68%.
  2. The stock has a low average ROCE of 12.58%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 187.17, which may not be favorable.

Should I Buy Shree Digvijay Cement Co. Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Shree Digvijay Cement Co. Ltd:
    1. Net Profit Margin: 7.99%
      • 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: 21.19% (Industry Average ROCE: 8.81%)
      • 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. Interest Coverage Ratio (Post Tax): 44.45
      • 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.
    4. Quick Ratio: 1.14
      • 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.
    5. ✓ Stock P/E: 20.3 (Industry average Stock P/E: 21.54)
      • 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.
    6. ✗ Total Debt / Equity: N/A
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

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 Shree Digvijay Cement Co. 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 getaka.co.in 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