Decrease in sales of Cement affects the revenue by 20.59% margin of Shivam Cement in Q4; EPS at Rs. 24.05
Sat, Aug 15, 2020 11:38 AM on Company Analysis, Latest,
Shivam Cement Limited (SHIVM) has published its fourth-quarter report of fiscal year 2076/2077 with a decline in net profit by 30.12%. The Net Profit of the company decreased to Rs. 1.05 Arba in Q4, 2076/2077 from Rs. 1.51 Arba in the corresponding quarter of the previous year.
As per the management, due to the lockdown enforced by the government production and sales target was not met which led to a decrease in the revenue of the company. The company expects to increase productivity and increase sales by serving the best quality products to its consumers in the coming days.
The revenue from operation (core business revenue) of the company has decreased by 20.59% in the fourth quarter of fiscal year 2076/2077 which stood at Rs. 9 Arba from 11.34 Arba from the corresponding quarter of the previous year. However, the company has been able to manage its operating expenses which has given them the edge to retain more of its profits.
As per the fourth-quarter report published today, the company has an investment in subsidiaries of Rs. 3.56 Arba and the company borrowings decreased to Rs. 22.49 crores. Also, with the current ratio of 1.59X, the company seems to have a fair liquidity position.
The paid-up capital of the company remained at Rs. 4.40 Arba with 4.55 Arba in reserve and surplus. The reserve and surplus of the company increased by 11.64% in this quarter.
The earnings per share (EPS) of the company stood at Rs. 24.05 and net worth per share at Rs. 203.42. The company traded at a P/E multiple of 24.86 times.
Major Highlights:
|
Particulars ('000) |
Shivam Cement Limited |
||
|---|---|---|---|
|
Q4, 2076/2077 |
Q4,2075/2076 |
Difference |
|
|
Paid-up Capital |
4,400,000 |
4,400,000 |
- |
|
Share Premium |
940,222 |
940,222 |
- |
|
Retained Earnings |
3,610,652 |
3,234,082 |
11.64% |
|
Property, Plant, and Equipment |
3,835,921 |
4,258,609 |
-9.93% |
|
Investment in Subsidiaries |
3,565,703 |
3,405,703 |
4.70% |
|
Borrowings |
224,963 |
1,814,833 |
-87.60% |
|
Revenue from Operation |
9,009,021 |
11,345,114 |
-20.59% |
|
Administrative Expenses |
162,621 |
192,186 |
-15.38% |
|
Distribution Expenses |
699,501 |
849,356 |
-17.64% |
|
Financial Costs |
150,500 |
346,378 |
-56.55% |
|
Net Profit |
1,058,429 |
1,514,687 |
-30.12% |
|
Total Comprehensive Income |
1,058,429 |
1,514,687 |
-30.12% |
|
Earnings per share (Rs.) |
24.05 |
34.42 |
-30.13% |
|
Net worth per share (Rs.) |
203.42 |
194.87 |
4.39% |
|
Current Ratio (Times) |
1.59 |
1.74 |
-8.62% |
|
Qtr End P/E ratio (Times) |
24.86 |
- |
- |
|
Qtr End Price |
598 |
- |
- |
|
Qtr End P/B ratio (Times) |
2.93 |
- |
- |
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