On consolidated basis
Quarter ended March 2022 compared
with Quarter ended March 2021.
Net sales (including other operating income) of Shree Cement has increased
3.05% to Rs 4364.24 crore.
Operating profit margin has declined
from 29.42% to 21.05%, leading to 26.26% decline in operating profit to Rs
918.81 crore. Raw material cost as a % of total sales (net of stock
adjustments) decreased from 7.17% to 7.14%. Purchase of finished
goods cost fell from 0.43% to 0.30%. Employee cost decreased from
6.52% to 5.12%. Other expenses rose from 55.97% to 66.19%.
Power and Oil fuel cost rose from 17.29% to 29.29%.
Freight charges fell from 23.26% to 22.16%.
Other income rose 14.25% to Rs
137.36 crore. PBIDT fell 22.70% to Rs 1056.17
crore. Provision for interest fell 7.30% to Rs 52.17
crore. Loan funds declined from Rs 2,229.88 crore as of 31 March
2021 to Rs 2,129.22 crore as of 31 March 2022. Inventories rose to
Rs 2,497.02 crore as of 31 March 2022 from Rs 1,715.72 crore as of 31 March 2021. Sundry
debtors were higher at Rs 788.29 crore as of 31 March 2022 compared to Rs
679.43 crore as of 31 March 2021. Cash and bank balance declined
from Rs 708.35 crore as of 31 March 2021 to Rs 289.65 crore as of 31 March
2022. Investments rose to Rs 9,032.64 crore as of 31 March 2022 from
Rs 8,500.50 crore as of 31 March 2021 .
PBDT fell 23.36% to Rs 1004
crore. Provision for depreciation fell 10.14% to Rs 296.73
crore. Fixed assets increased to Rs 8,278.51 crore as of 31 March
2022 from Rs 7,152.54 crore as of 31 March 2021. Intangible assets
declined from Rs 60.25 crore to Rs 57.25 crore.
Profit before tax down 27.81% to Rs
707.27 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 48.19 crore, compared
to Rs 179.99 crore. Effective tax rate was 6.81% compared to 18.37%.
Minority interest increased 35.29%
to Rs 1.84 crore. Net profit attributable to owners of the company
decreased 17.68% to Rs 657.24 crore.
Equity capital stood at Rs 36.08
crore as of 31 March 2022 to Rs 36.08 crore as of 31 March 2021. Per
share face Value remained same at Rs 10.00.
Promoters’ stake was 62.55% as of 31
March 2022 ,compared to 62.55% as of 31 March 2021 .
Full year results analysis.
Net sales (including other operating income) of Shree Cement has increased
10.69% to Rs 15009.56 crore.
Operating profit margin has declined
from 30.08% to 24.70%, leading to 9.11% decline in operating profit to Rs
3,707.93 crore. Raw material cost as a % of total sales (net of
stock adjustments) increased from 7.23% to 7.44%. Purchase of
finished goods cost rose from 0.32% to 0.58%. Employee cost
decreased from 6.43% to 6.01%. Other expenses rose from 55.82% to
61.56%. Power and Oil fuel cost rose from 17.75% to 23.83%.
Freight charges fell from 23.02% to 21.72%.
Other income rose 24.56% to Rs
545.89 crore. PBIDT fell 5.84% to Rs 4253.82
crore. Provision for interest fell 14% to Rs 216.12
crore. Loan funds declined from Rs 2,229.88 crore as of 31 March
2021 to Rs 2,129.22 crore as of 31 March 2022. Inventories rose to
Rs 2,497.02 crore as of 31 March 2022 from Rs 1,715.72 crore as of 31 March
2021. Sundry debtors were higher at Rs 788.29 crore as of 31 March
2022 compared to Rs 679.43 crore as of 31 March 2021. Cash and bank
balance declined from Rs 708.35 crore as of 31 March 2021 to Rs 289.65 crore as
of 31 March 2022. Investments rose to Rs 9,032.64 crore as of 31
March 2022 from Rs 8,500.50 crore as of 31 March 2021 .
PBDT fell 5.36% to Rs 4037.7
crore. Provision for depreciation fell 9.23% to Rs 1145.88
crore. Fixed assets increased to Rs 8,278.51 crore as of 31 March
2022 from Rs 7,152.54 crore as of 31 March 2021. Intangible assets
declined from Rs 60.25 crore to Rs 57.25 crore.
Profit before tax down 3.74% to Rs
2,891.82 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 555.21 crore, compared
to Rs 714.49 crore. Effective tax rate was 19.20% compared to
23.78%.
Minority interest increased 25.54%
to Rs 4.67 crore. Net profit attributable to owners of the company
increased 2.02% to Rs 2,331.94 crore.
Equity capital stood at Rs 36.08
crore as of 31 March 2022 to Rs 36.08 crore as of 31 March 2021. Per
share face Value remained same at Rs 10.00.
Promoters’ stake was 62.55% as of 31
March 2022 ,compared to 62.55% as of 31 March 2021 .
Cash flow from operating activities
decreased to Rs 2,667.88 crore for year ended March 2022 from Rs 4,253.79 crore
for year ended March 2021. Cash flow used in acquiring fixed assets
during the year ended March 2022 stood at Rs 2,218.22 crore, compared to Rs
1,134.61 crore during the year ended March 2021.
Others:
Dividend:
The board has recommended an interim dividend of Rs 45 per equity share of Rs
10 each.
| Shree Cement : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202203 | 202103 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 4,364.24 | 4,234.99 | 3.05 | 15,009.56 | 13,559.77 | 10.69 | | OPM (%) | 21.05 | 29.42 | -837 bps | 24.70 | 30.08 | -538 bps | | OP | 918.81 | 1,246.04 | -26.26 | 3,707.93 | 4,079.45 | -9.11 | | Other Inc. | 137.36 | 120.23 | 14.25 | 545.89 | 438.26 | 24.56 | | PBIDT | 1,056.17 | 1,366.27 | -22.70 | 4,253.82 | 4,517.71 | -5.84 | | Interest | 52.17 | 56.28 | -7.30 | 216.12 | 251.29 | -14.00 | | PBDT | 1,004.00 | 1,309.99 | -23.36 | 4,037.70 | 4,266.42 | -5.36 | | Depreciation | 296.73 | 330.21 | -10.14 | 1145.88 | 1262.34 | -9.23 | | PBT | 707.27 | 979.78 | -27.81 | 2891.82 | 3004.08 | -3.74 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 707.27 | 979.78 | -27.81 | 2891.82 | 3004.08 | -3.74 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 707.27 | 979.78 | -27.81 | 2891.82 | 3004.08 | -3.74 | | Taxation | 48.19 | 179.99 | -73.23 | 555.21 | 714.49 | -22.29 | | PAT | 659.08 | 799.79 | -17.59 | 2336.61 | 2289.59 | 2.05 | | Minority Interest (MI) | 1.84 | 1.36 | 35.29 | 4.67 | 3.72 | 25.54 | | Net profit | 657.24 | 798.43 | -17.68 | 2331.94 | 2285.87 | 2.02 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 657.24 | 798.43 | -17.68 | 2331.94 | 2285.87 | 2.02 | | EPS (Rs)* | 182.16 | 221.29 | -17.68 | 646.31 | 633.54 | 2.02 | | | * EPS is on current equity of Rs 36.08 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 |
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