Rising competition, price war and COVID-19 outbreak resulting 25.17% profit decline of Shivam Cements
Wed, May 13, 2020 6:49 AM on Financial Analysis, Stock Market, Latest,
Shivam Cements Limited (SHIVM) net profit decline by 25.17% in the third quarter of the fiscal year 2076/77. The fall in net profit is mainly due to decline in the sales revenue.
The fall in sales revenue is due to rising competitions, total industry production exceeds total market demand resulting decline in market price. Also, the COVID-19 outbreak and its impact in the economy is creating problem in production, distribution and demand.
According to the unaudited financial report published today, its net profit has decreased to Rs 79.24 crore in the third quarter of fiscal year 2076/77 from Rs 1.05 arba in the corresponding quarter of the previous fiscal year 2075/76.
It has made regular income from operation of Rs 7.08 arba by the end of the third quarter which was Rs 8.37 arba in the corresponding quarter. The revenue from operation decline by 15.43% in Q3. Similarly, the cost of sales decline by 12.64% to Rs 4.69 arba.
Its retained earnings stand at Rs 3.34 arba till the third quarter and has Rs 94.02 crore as share premium. Its current paid up capital stands at Rs 4.4 arba.
Its annualized EPS stands at Rs 24.01 and net worth per share is at Rs 197.28 and its qtr end PE stands at 20.28 times.
Major Highlights:
|
Particulars (Rs in 000) |
Shivam Cements Limited |
||
|---|---|---|---|
|
Q3 2076/77 |
Q3 2075/76 |
Difference |
|
|
Paid Up Capital |
4,400,000 |
4,400,000 |
0.00% |
|
Share Premium |
940,222 |
|
|
|
Retained Earnings |
3,340,128 |
3,454,643 |
-3.31% |
|
Property, Plant and Equipment |
3,932,321 |
4,364,309 |
-9.90% |
|
Investment In Subsidiary |
3,565,703 |
3,365,703 |
5.94% |
|
Cash and Cash Equivalents |
20,433 |
20,039 |
1.97% |
|
Inventories |
2,391,700 |
2,444,504 |
-2.16% |
|
Trade Receivables |
2,761,423 |
2,191,139 |
26.03% |
|
Revenue from Operation |
7,084,086 |
8,376,101 |
-15.43% |
|
Cost of Sales |
4,691,257 |
5,370,293 |
-12.64% |
|
Other Income |
11,279 |
15,897 |
-29.05% |
|
Total Expenses |
1,349,743 |
1,615,400 |
-16.45% |
|
Net Profit |
792,468 |
1,058,995 |
-25.17% |
|
Annualized EPS (In Rs.) |
24.01 |
32.09 |
-25.17% |
|
Net Worth per Share (In Rs.) |
197.28 |
178.51 |
10.51% |
|
Qtr End P/E Ratio |
20.28 |
- |
- |
|
Qte End Price |
487 |
- |
- |
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