ULTRATECH CEMENT LTD - Q2 FY21 RESULTS REVIEW

 

ULTRATECH CEMENT LTD

Q2 FY21 RESULTS REVIEW

DT 04.12.20

 

COMPANY OVERVIEW    

                          

Ultratech Cement Ltd is engaged in the manufacture and marketing of Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzalana Cement. They also manufacture ready mix concrete (RMC). The company is also the countrys largest exporter of cement clinker.

                                 

MANAGEMENT   

                          

Kumar Mangalam Birla       Chairman            

K K Maheshwari                 Vice Chairman & Non                                                   Exe.Dire       

K C Jhanwar                      Managing Director            

Atul Daga                    WholeTime Director & CFO

 

UltraTech Cement (in Rs. Cr.)	Sep '20	Jun '20	Sep '19	YOY	QOQ
Net Sales	10354	7,634	9620	7.63	35.6
Raw Materials	1,333	823	1,300	2.52	62.1
Traded Goods	184.76	133.41	279.25	-33.84	38.5
Increase/Decrease in Stocks	142.91	231.26	-55.83	356	-38.2
Power & Fuel	1,837.18	1,370.84	1,965.77	-6.54	34.02
Employees Cost	563.57	560.43	638.39	-11.72	0.56
Depreciation	672.42	646.18	668.42	0.6	4.06
Other Expenses	3,597.69	2,440.65	3,574.43	0.65	47.41
Total Expenditure	8,667.00	6,362.00	8,376.00	3.47	36.23
P/L Before Other Inc., Int., Excpt. Items & Tax	2,022.48	1,428.40	1,249.67	61.84	41.59
Other Income	134.89	278.83	153.69	-12.23	-51.62
P/L Before Int., Excpt. Items & Tax	2,157.37	1,707.23	1,403.36	53.73	26.37
Interest	356.82	393.02	507.12	-29.64	-9.21
P/L Before Exceptional Items & Tax	1,801	1,314	896	101	37
Exceptional Items	-335.73	-157.37	-6.16	5350.16	113.34
P/L Before Tax	1,464.82	1,156.84	890.08	64.57	26.62
Tax	566.15	360.3	311.29	81.87	57.13
P/L After Tax from Ordinary Activities	898.67	796.54	578.79	55.27	12.82
Extra Ordinary Items	336.28	--	--
Net Profit	1,235	797	579	113	55
Minority Interest	-0.73	1.12	0.55	-232.73	-165.18
Share Of P/L Of Associates	0.16	-0.23	-0.24	-166.67	-169.57
FINAL NPT	1,234	797	579	113.15	54.79
Equity Share Capital	288.63	288.63	274.65	5.09	0
Basic EPS :FV 10	42.8	27.65	20.08	113.15	54.79
Diluted EPS	42.79	27.64	20.07	113.2	54.81

      

NSE Live        5035.00 141.50 (2.89%)

Dec 4, 12:05

Volume 19,17,459

PE   29.41

Annual Results	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Sales	42,124	41,608	30,978	25,374	25,153
Net Profit	5,811	2,399	2,224	2,713	2,479
Other Income	647	463	588	648	463
Total Income	42,772	42,072	31,567	26,023	25,617
Total Expenditure	35,543	36,826	27,027	21,510	21,629
EBIT	7,229	5,245	4,539	4,512	3,987
Interest	1,985	1,777	1,237	640	566
Tax	-568	1,068	1,077	1,158	941

 

HISTORICAL PRICES
3year	4220
2 YR	4035
1YR	4280
3MONTHS	3979
1MONTH	4530
1 WEEK	4819
NOW	5088

 

Share Holding Pattern in (%)
Standalone	Sep-20	Jun-20	Mar-20	Dec-19
Promoters	59.85	59.98	59.99	60.15
Pledged	0	0	0	0
FII/FPI	15.53	16.34	16.73	17.87
Total DII	18.72	17.89	17.47	16.13
Fin.Insts	0.09	0.15	0.15	0.12
Insurance Co	4.84	3.89	3.55	3.74
MF	10.69	10.77	10.67	9.33
Others DIIs	3.1	3.08	3.1	2.94
Others	5.9	5.78	5.81	5.86
Total	100	99.99	100	100.01

 

Type	Dividend%	Ex-Dividend date
Final	130	Jul 29, 2020
Final	115	Jul 10, 2019
Final	105	Jul 10, 2018
Final	100	Jul 10, 2017
Final	95	Jul 04, 2016

 

Margin Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Gross Profit Margin (%)	23.57	18.77	21.73	23.09	21.32
Operating Margin (%)	17.16	12.88	15.77	17.78	15.85
Net Profit Margin (%)	13.79	5.76	7.18	10.69	9.85
Return Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Return on Networth / Equity (%)	14.86	8.47	8.42	11.13	11.29
ROCE (%)	11.52	8.78	10.7	13.31	8.37
Return On Assets (%)	7.32	3.14	3.88	6.43	6.01

 

Leverage Ratios	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16
Debt to Equity (x)	0.55	0.86	0.71	0.31	0.34
Interest Coverage Ratios (%)	3.64	3.01	3.95	7.05	7.04

 

INVESTOR  PRESENTATION

 

ADITY BIRLA GROUP company 

UltraTech Cement announced a Rs.5477 cr investment for 12.8 MTPA capacity expansion.

From India's No.1 to cement player to National Champion.

At Pali in Rajasthan.

Apart from Existing approval for 6.8 MTPA capacity expansion in UP, Odisha, Bihar and WB.

Expected to be commissioned in FY 22 in a phased manner.

Commercial production by Q4 FY23.

After this, total will be 136.25 MTPA - to be the third largest in the world outside China.

EBITDA Margin: 28%