On standalone basis
Quarter ended March 2022 compared
with Quarter ended March 2021.
Net sales (including other operating income) of HeidelbergCement India has
increased 3.35% to Rs 620.03 crore.
Operating profit margin has declined
from 25.36% to 19.12%, leading to 22.08% decline in operating profit to Rs
118.56 crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 17.57% to 18.75%. Employee cost decreased
from 6.09% to 5.49%. Other expenses rose from 51.67% to 57.11%.
Power and Oil fuel cost rose from 24.40% to 30.83%.
Freight charges fell from 13.13% to 12.26%.
Other income fell 15.98% to Rs 12.41
crore. PBIDT fell 21.54% to Rs 130.97 crore. Provision
for interest fell 43.50% to Rs 5.17 crore. Loan funds declined from
Rs 306.33 crore as of 31 March 2021 to Rs 198.75 crore as of 31 March
2022. Inventories rose to Rs 173.05 crore as of 31 March 2022 from
Rs 160.71 crore as of 31 March 2021. Sundry debtors were higher at
Rs 39.99 crore as of 31 March 2022 compared to Rs 33.32 crore as of 31 March
2021. Cash and bank balance declined from Rs 431.65 crore as of 31
March 2021 to Rs 382.13 crore as of 31 March 2022.
PBDT fell 20.26% to Rs 125.8
crore. Provision for depreciation rose 1.78% to Rs 27.96
crore. Fixed assets declined from Rs 1,637.14 crore as of 31 March
2021 to Rs 1,588.48 crore as of 31 March 2022. Intangible assets
increased from Rs 0.21 crore to Rs 0.34 crore.
Profit before tax down 24.91% to Rs
97.84 crore. Provision for tax was debit of Rs 4.23 crore, compared
to credit of Rs 9.69 crore. Effective tax rate was 4.32% compared to
negative 7.44%.
Profit after tax fell 33.13% to Rs
93.61 crore.
Equity capital stood at Rs 226.62
crore as of 31 March 2022 to Rs 226.62 crore as of 31 March
2021. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 69.39% as of 31
March 2022 ,compared to 69.39% as of 31 March 2021 .
Full year results analysis
Net sales (including other operating income) of HeidelbergCement India has
increased 8.52% to Rs 2,296.96 crore.
Operating profit margin has declined
from 23.94% to 18.92%, leading to 14.23% decline in operating profit to Rs
434.55 crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 17.44% to 19.42%. Employee cost
decreased from 6.03% to 5.64%. Other expenses rose from 52.55% to
56.20%. Power and Oil fuel cost rose from 23.10% to 27.71%.
Freight charges fell from 13.13% to 12.75%.
Other income up 5.62% to Rs 49.07
crore. PBIDT fell 12.56% to Rs 483.62 crore. Provision
for interest fell 28.34% to Rs 36.44 crore. Loan funds declined from
Rs 306.33 crore as of 31 March 2021 to Rs 198.75 crore as of 31 March
2022. Inventories rose to Rs 173.05 crore as of 31 March 2022 from
Rs 160.71 crore as of 31 March 2021. Sundry debtors were higher at
Rs 39.99 crore as of 31 March 2022 compared to Rs 33.32 crore as of 31 March
2021. Cash and bank balance declined from Rs 431.65 crore as of 31
March 2021 to Rs 382.13 crore as of 31 March 2022.
PBDT fell 10.96% to Rs 447.18
crore. Provision for depreciation rose 0.92% to Rs 112.05
crore. Fixed assets declined from Rs 1,637.14 crore as of 31 March
2021 to Rs 1,588.48 crore as of 31 March 2022. Intangible assets
increased from Rs 0.21 crore to Rs 0.34 crore.
Profit before tax down 14.34% to Rs
335.13 crore. Provision for tax was expense of Rs 82.87 crore,
compared to Rs 76.27 crore. Effective tax rate was 24.73% compared
to 19.50%.
Profit after tax fell 19.90% to Rs
252.26 crore.
Equity capital stood at Rs 226.62
crore as of 31 March 2022 to Rs 226.62 crore as of 31 March
2021. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 69.39% as of 31
March 2022 ,compared to 69.39% as of 31 March 2021 .
Cash flow from operating activities
decreased to Rs 301.85 crore for year ended March 2022 from Rs 439.45 crore for
year ended March 2021. Cash flow used in acquiring fixed assets
during the year ended March 2022 stood at Rs 47.11 crore, compared to Rs 48.46
crore during the year ended March 2021.
Dividend: The Board of directors has recommended a dividend of
Rs 9/- per equity share of Rs 10 each
| HeidelbergCement India : Standalone Results | | Quarter ended | Year ended |
|---|
| Particulars | 202203 | 202103 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 620.03 | 599.95 | 3.35 | 2,296.96 | 2,116.67 | 8.52 | | OPM (%) | 19.12 | 25.36 | -624 bps | 18.92 | 23.94 | -502 bps | | OP | 118.56 | 152.15 | -22.08 | 434.55 | 506.64 | -14.23 | | Other Inc. | 12.41 | 14.77 | -15.98 | 49.07 | 46.46 | 5.62 | | PBIDT | 130.97 | 166.92 | -21.54 | 483.62 | 553.10 | -12.56 | | Interest | 5.17 | 9.15 | -43.50 | 36.44 | 50.85 | -28.34 | | PBDT | 125.80 | 157.77 | -20.26 | 447.18 | 502.25 | -10.96 | | Depreciation | 27.96 | 27.47 | 1.78 | 112.05 | 111.03 | 0.92 | | PBT | 97.84 | 130.30 | -24.91 | 335.13 | 391.22 | -14.34 | | PBT before EO | 97.84 | 130.3 | -24.91 | 335.13 | 391.22 | -14.34 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 97.84 | 130.3 | -24.91 | 335.13 | 391.22 | -14.34 | | Taxation | 4.23 | -9.69 | PL | 82.87 | 76.27 | 8.65 | | PAT | 93.61 | 139.99 | -33.13 | 252.26 | 314.95 | -19.90 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 93.61 | 139.99 | -33.13 | 252.26 | 314.95 | -19.90 | | EPS (Rs)* | 4.13 | 6.18 | -33.13 | 11.13 | 13.90 | -19.90 | | | * EPS is on current equity of Rs 226.61 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
|
Peer Comparision (Standalone)
|
Q-202203
|
Sales
(Rs. Crs)
|
var.(%)
|
OP
(Rs. Crs)
|
var.(%)
|
Net Profit
(Rs. Crs)
|
var.(%)
|
Share Price(Rs)
19-May-2022
|
var.(%)
over
One year
|
TTM EPS
|
TTM PE
|
|
HeidelbergCement India Ltd
|
620.03
|
3.35
|
118.56
|
-22.08
|
93.61
|
-33.13
|
185.90
|
-24.09
|
11.13
|
16.80
|
|
ACC Ltd
|
4,321.86
|
2.58
|
633.67
|
-26.26
|
391.81
|
-29.71
|
2,234.20
|
15.85
|
91.76
|
24.40
|
|
Ambuja Cements Ltd
|
3,925.22
|
8.39
|
790.41
|
-19.08
|
495.17
|
-25.49
|
364.20
|
14.67
|
9.87
|
36.77
|
|
Birla Corporation Ltd
|
1,454.26
|
4.47
|
50.21
|
-73.3
|
84.88
|
-62.77
|
1,014.65
|
-23.52
|
29.10
|
35.41
|
|
JK Lakshmi Cement Ltd
|
1,497.64
|
13.29
|
229.45
|
11.36
|
187.20
|
17.63
|
422.15
|
-5.02
|
37.95
|
13.01
|
|
Kesoram Industries Ltd
|
1,026.86
|
30.35
|
-156.60
|
66.71
|
1.46
|
-99.57
|
53.65
|
-17.77
|
0.99
|
55.50
|
|
Mangalam Cement Ltd
|
451.63
|
9.78
|
55.23
|
-26.87
|
17.48
|
-50.57
|
301.70
|
-5.04
|
28.26
|
11.10
|
|
Nuvoco Vistas Corporation Ltd
|
2,344.57
|
19.69
|
283.27
|
-23.98
|
16.72
|
-49.24
|
295.15
|
-44.45
|
1.54
|
193.92
|
|
Prism Johnson Ltd
|
1,641.22
|
-2.34
|
169.19
|
-41.82
|
27.13
|
-81.69
|
111.50
|
-20.41
|
2.50
|
44.76
|
|
Shree Digvijay Cement Co. Ltd
|
169.19
|
-3.24
|
29.40
|
-37.59
|
12.89
|
-53.01
|
64.55
|
-15.12
|
3.84
|
17.24
|
|
Star Cement Ltd
|
735.76
|
24.73
|
86.80
|
11
|
75.34
|
21.3
|
88.70
|
-17.03
|
4.36
|
20.70
|
|
Udaipur Cement Works Ltd
|
254.41
|
16.23
|
40.32
|
27.92
|
18.80
|
-35.22
|
31.30
|
20.38
|
1.65
|
19.78
|
|
UltraTech Cement Ltd
|
15,167.54
|
8.61
|
2,942.93
|
-16.21
|
2,453.89
|
38.05
|
6,081.40
|
-7.28
|
244.80
|
25.01
|
|
Industry
|
33,610.19
|
8.64
|
5,272.84
|
-16.57
|
3,876.38
|
-7.65
|
3,37,097.60
|
4.29
|
|
23.18
|
|