Sunday, July 30, 2023

Sagar Cements Ltd (502090 )- Growing in Line with Industry

Sagar Cements Ltd (502090 ) closes   at 208.06  with  a   Gain  of   +2.60 %   on    28-July-2023  with formation of  a    bullish engulfing candle  on Daily  Price Chart.

About the Company : Sagar Cements Ltd is an India-based company, which is engaged in the manufacture and sale of cement. It is also focused on the generation of power for sale and captive consumption

Sector Update :  Positive

Refinitiv  Average Score : 5/ 10

Financials : Sagar Cements Ltd  has posted Net Sales / Revenue   of 2229.50 Cr & Net Loss of   - 88.60 Cr in FY2023 and expected to post Net Sales / Revenue   of 2743.70 Cr  & Net Profit of 12.20  Cr in FY2024, Net Sales / Revenue   of 3345.60 Cr  & Net Profit of 120.20  in FY2025 and Net Sales / Revenue   of 353971.00 Cr  & Net Profit of 9029.20 Cr in FY20.26.

Valuations  : The Company is now Trading at X0.54 of its  valuations of  FY2023 (Last 4 Quarters ) earnings with ~46% discount  ;  at X16.02 of its FY2024 earnings with ~1502%  Premium ; at X1.63 of its FY2025 earnings with ~63%  Premium.

Company will reduce its total debt of 1475.70 Cr in FY 2023 to 1235.60 by FY 2025 with improving the Debt/Equity Ration to 0.6(FY2025) from 0.70(FY2023)

Book Value Per Share  will  improve from 129.20 in FY2023 to 138.40 in FY2025  and RoE from -5.90%  to 6.80% during the same period and EPS from -6.8 to 9.20 .

Early Trend : Demand is healthy and housing and infra demand is strong. Management expects 8-10% industry growth in the market it services.(Lastest Con Call )

MF/FII : 19.59% HoldingMargin of Safety (1Yr Bond Yield: Value>1 ) is now  0.2  which  will increase  in FY2024 as soon as it comes out from Looses.The  Equity Value Per Share ( Enterprise Value Method ) is  192.70If We factor its FY2025 earnings/valuations, relative to current valuations,  its Price arrives at 693.46

Disclaimer : We are / may going to take exposure shortly.

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Data Source NSE Website | Screener.In  | Capital Line Money Control |Refinitiv |

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