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Company details

200.00
202.30
155.15
292.00
6M Return -3.00%
1Y Return -24.84%
Mkt Cap.(Cr) 2,644.22
Volume 352
Div Yield 0.31%
OI
-
OI Chg %
-
Volume 352

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SWOT

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EMA SMA

Delivery and volume

Our Research View

Trading recommendation

Data not found

Investment recommendation

Call Date

29 Oct 2021

Entry Price

265.00

Target Price

350.00

Duration

12 Month

Rapid Results

Q2FY23 Quarterly Result Announced for Sagar Cements Ltd.

Sagar Cements announced Q2FY23 results:

  • Revenue increased by 29% YoY and volume increased by 21% for Q2FY23.
  • Plants operated around 49% during the current quarter.
  • Operating EBITDA of Rs 571 lakhs for Q2 FY23 as against Rs 6,082 lakhs during Q2FY22.
  • Operating EBITDA of Rs 55 per ton during Q2FY23.
  • EBITDA margin declined by 1,500 bps to 1% for Q2 FY23 (v/s Q2 FY22).
  • (Loss)/ Profit after tax stood at Rs (4,919) lakhs for Q2 FY23 v/s PAT of Rs 1,994 lakhs during Q2 FY22.

Commenting on the performance, Mr. Sreekanth Reddy, Jt. Managing Director of the Company said, “Our performance for the quarter was expectedly benign given the seasonality and challenging external environment. While volumes and realisations were relatively stable, profitability and margins were impacted by higher input costs. Demand for large part of the quarter was impacted by strong monsoons. However we did witness some revival towards the end following pick up in infrastructure activities as the rains subsided. Segments such as low-cost housing and infrastructure have been well supported by the Government. Higher volume growth during the quarter is also partly on account of commissioning of new facilities. With regard to realisations, prices in the trade segment have been relatively stable compared to non-trade segment.

Despite higher volumes, we have seen compression of profitability and margins largely owing to higher input prices. Furthermore, despite elevated raw material prices, soft demand trends across markets restricted our ability to undertake price revision, in turn squeezing our margins. Also, negative operating leverage amidst lower utilization levels across units dented profitability further. However, we have started witnessing some moderation in input prices in recent times and with demand likely to pick up in the second half of the fiscal we expect some improvement in profitability going forward.

Another noteworthy development has been that the Bayyavaram Unit was Awarded with “National Energy Conservation Award, Cement Sector -2022”, in appreciation of the achievements in energy conversation in the cement sector for the year 2022 by Government of India, Ministry of Power. Furthermore, we are also pleased to announce that we had received “Certificate of Appreciation” from Commercial Taxes Department, Government of Telangana for being tax compliant and contributing the highest revenue towards realising the dream of Bangaru Telangana.

Going ahead, our diversified geographic presence, cost rationalization measures, better product mix and strong balance sheet positions us well to deliver consistent performance and create value for our shareholders.”

 

Result PDF

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,255.43 Cr FV: 2.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 1,086.92 31,630.28
LAST 3M 26,106.69 27,748.51
LAST 6M 51,912.10 30,983.40
LAST 12M 200,397.72 -159,835.95
  • Announcement
  • Corporate action
  • No Data Found

Date Action Type Ratio
Jun 22, 2022 Dividend 35
Aug 17, 2021 Split 1:5
Jul 16, 2021 Dividend 25

Information

  • About Company
  • Company Info
  • Listing Info
0
45.2%
117.7967
7.99%
4.84%
Description
  • A mini-cement company, commencing operations in 1985 to manufacture clinker and ordinary portland cement (OPC), Sagar Cements has adopted the world`s latest and widely accepted dry processing kiln technology. It has also commissioned an electrostatic precipitator system for environment protection and pollution control. The OPC, sulphate resisting cement (SRC) and IRS T-40 grade cement manufactured by the company are marketed under the Sagar Priya brand. SRC conforming to IS-12330 standards is used in coastal areas, harbours, dockyards, bridges, sewerages and effluent-carrying drains. The slag cement grinding unit set up by it in 1993 consists of slag dryer, cement mill and packing plant. Slag cement is more resistant than OPC to soil and water containing excessive amounts of sulphates of alkali metals, alumina and iron, as well as acidic waters. It can, therefore, be used in marine works and in coastal areas. The clinker unit was expanded to increase productivity. It obtained government approval to set up mini-hydel power projects on GBC canal and KC canal through a new company, Sagar Power. The entire power generated by this unit will be used by Sagar Cements. In 1996 the company installed a second mill of 20 tph at the Mattampally unit at a capital outlay of about Rs. 250 lacs. the company had set up two mini hydel power projects.

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Registered Address

Plot No 111 Road No 10, Jubilee Hills, Hyderabad, Telangana, 500033

Tel : 91-40-23351571
Email : info:sagarcements.in
Website : http://www.sagarcements.in

Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 502090
NSE Code : SAGCEM
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE229C01021

ICICIdirect Sagar Cements Ltd FAQ

You can buy Sagar Cements Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Sagar Cements Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Nov 28, 2022 10:10 AM the closing price of Sagar Cements Ltd was ₹ 202.30.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Nov 28, 2022 10:10 AM, the market cap of Sagar Cements Ltd stood at ₹ 2,644.22.
The latest PE ratio of Sagar Cements Ltd as of Nov 28, 2022 10:10 AM is 0
The latest PB ratio of Sagar Cements Ltd as of Nov 28, 2022 10:10 AM is 0.59
The 52-week high of Sagar Cements Ltd is ₹ 292.00 while the 52-week low is ₹ 155.15 .
According to analyst recommendations, Sagar Cements Ltd has a “Buy” rating for the long term.

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