50 DALAL STREET INVESTMENT JOURNAL I JULY 22 - AUG 4, 2019 DSIJ. in^
Financial Review For FY19
Cement
C
ement industry is one of the crucial industries for
any economy on which country builds its
infrastructure. Indian cement industry is the
second largest cement producer in the world after
China; ahead of the US and Japan, with a total
installed capacity of ~480 million tonnes per annum (MTPA).
India consumes nearly 7 per cent of global cement production.
In India, the per capita cement consumption stood at 210 kg,
which is lowest among the developing countries, whereas
world’s average per capita cement consumption stood at nearly
580 kg. However, India's fast-developing economy offers great
opportunities due to the rising demand for cement.On the geographical front, the cement industry comprises of
South (33 per cent), North (22 per cent), East (19 per cent),
West (13 per cent) and Central (13 per cent). The cement
industry consists of 225 plants owned by 65 players, out of
which top 5 players dominate the industry with 51 per cent
capacity.The cement industry is highly capital-intensive, competitive
and cyclical in nature. Considering the oligopolistic nature of
the cement industry, pricing control by large players stops new
players from entering into the industry. The major growth
drivers of the cement industry are housing (54 per cent),Ultratech Cement 124173.47 37379.20 31872.45 28645.93 6788.13 6145.16 5212.44 2431.05 2224.59 2713.49
Shree Cement 74530.93 12554.65 10159.53 9661.66 2793.68 2472.75 2513.14 1015.05 1384.15 1339.08
Ambuja Cements 41728.33 26040.94 25292.55 22932.22 4010.79 3857.58 3181.19 2960.16 1932.11 1422.76
ACC 29030.03 14801.62 14200.72 12523.39 2048.12 1912.43 1478.49 1510.30 913.59 647.97
Dalmia Bharat 19028.61 9484.00 8580.00 7006.00 1941.00 2021.00 1902.00 349.00 291.00 345.00
The Ramco Cements 18306.67 5162.34 4584.99 4582.02 1044.49 1112.71 1207.68 507.46 560.53 654.21
JK Cement 7736.87 5258.68 5020.48 4654.00 834.46 787.45 726.11 263.63 285.59 171.97
Star Cement 4961.58 1831.04 1629.11 1551.84 449.17 521.35 408.33 304.97 336.18 200.90
JK Lakshmi Cement 3989.60 4316.31 3859.74 3288.60 453.61 431.77 369.73 40.66 43.40 87.30
The India Cements 3222.93 5770.37 5432.27 5860.87 625.69 709.00 888.24 25.26 70.50 157.55
Ramco Industries 1690.36 1036.49 958.82 953.99 127.70 117.68 117.13 74.51 78.79 55.31
Sagar Cements 1365.78 1217.55 1077.72 941.59 149.41 151.28 110.37 13.59 26.26 -3.92
HIL 1183.24 1481.94 1326.17 1245.42 190.50 148.16 103.97 101.52 80.75 54.62
KCP 1068.76 1660.57 1512.51 1361.71 229.20 253.88 219.43 108.28 111.62 96.91
Jaiprakash Associates 727.30 10820.75 7761.33 14259.56 1133.59 32.57 1637.70 -2602.82 -1927.26 -9412.72
Everest Industries 624.28 1408.32 1270.51 1160.03 104.57 89.91 41.61 61.86 53.06 3.02
Saurashtra Cement 288.19 621.19 592.01 530.88 4.21 49.90 29.38 -4.92 62.46 13.91
Gujarat Sidhee Cement 167.17 563.01 554.56 492.70 -11.35 32.96 -28.36 -5.87 38.20 -33.88
Sri KPR Industries 40.29 35.86 58.41 90.79 11.16 13.92 16.20 7.83 6.30 8.26
Company Name
Market Cap
(` in Cr.)Net Sales (` in Cr.) Operating Profit (Excluding OI) (` in Cr.) Net Income (` in Cr.)
FY19 FY18 FY17 FY19 FY18 FY17 FY19 FY18 FY17