Shivam Cement’s Profit Falls 1.72% as Sales Revenue Drops

Shivam Cements Limited (SHIVM) has posted a net profit of Rs. 78.44 Crore in the fourth quarter of fiscal year 2082/83. The company’s profitability declined by 1.72% compared to the corresponding period of the previous fiscal year.

The decline in profit came alongside a 10.87% decrease in revenue from operations, which stood at Rs. 6.92 Arba, down from Rs. 7.76 Arba recorded in the same period last year. The company’s earnings per share (EPS) also fell to Rs. 14.03 from Rs. 14.63.

Shivam Cement’s paid-up capital increased by 2.50% to Rs. 5.59 Arba, while other equity grew by 2.77% to Rs. 4.96 Arba.

The company’s property, plant and equipment rose by 1.76% to Rs. 3.95 Arba. Similarly, investment in its subsidiary increased by 8.20% to Rs. 5.14 Arba.

Trade receivables dropped significantly by 17.45% to Rs. 66.43 Crore, suggesting an improvement in the company’s collection position.

Meanwhile, other income declined by 3.09% to Rs. 13.32 Crore. Total expenses also decreased by 13.25%, standing at Rs. 80.81 Crore.

The company’s net worth per share remained largely stable at Rs. 188.76, compared to Rs. 188.53 in the previous year.

At the end of the quarter, SHIVM shares were trading at Rs. 621, with a price-to-earnings (P/E) ratio of 44.28 times.

Report:

Major Financial Highlights:

Particulars (Rs in 000) Shivam Cements Limited
Q4 2082/83 Q4 2081/82 Difference
Paid Up Capital              5,593,229          5,456,809 2.50%
Other Equity              4,964,337          4,830,766 2.77%
Property, Plant and Equipment              3,954,920          3,886,593 1.76%
Investment In Subsidiary              5,145,209          4,755,209 8.20%
Trade Receivables                  664,318             804,772 -17.45%
Revenue from Operation              6,922,657          7,766,576 -10.87%
Other Income                  133,214             137,457 -3.09%
Total Expenses                  808,166             931,641 -13.25%
Net Profit                  784,474             798,187 -1.72%
EPS (In Rs.) 14.03 14.63 -4.12%
Net Worth per Share (In Rs.) 188.76 188.53 0.12%
Qtr End P/E Ratio 44.28   -  0.00%
Qte End Price 621 - 0.00%