Reported Earnings • May 30
Full year 2026 earnings released: EPS: ₹20.40 (vs ₹5.37 in FY 2025) Full year 2026 results: EPS: ₹20.40 (up from ₹5.37 in FY 2025). Revenue: ₹6.43b (up 22% from FY 2025). Net income: ₹285.8m (up 280% from FY 2025). Profit margin: 4.4% (up from 1.4% in FY 2025). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 3.5% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • May 30
Deccan Cements Limited Recommends Final Dividend for Financial Year 2025 - 2026 Deccan Cements Limited recommended of Dividend for Fiscal Year 2025 - 2026 @ INR 0.50 (10%) per fully paid equity shares of face value of INR 5/- each, subject to the approval of Shareholders in the ensuing 46th Annual General Meeting of the Company. Announcement • Mar 23
Deccan Cements Limited to Report Fiscal Year 2026 Results on May 29, 2026 Deccan Cements Limited announced that they will report fiscal year 2026 results on May 29, 2026 New Risk • Mar 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.12b (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.2% operating cash flow to total debt). Earnings have declined by 39% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹9.12b market cap, or US$98.8m). Reported Earnings • Feb 14
Third quarter 2026 earnings released: ₹0.40 loss per share (vs ₹0.58 profit in 3Q 2025) Third quarter 2026 results: ₹0.40 loss per share (down from ₹0.58 profit in 3Q 2025). Revenue: ₹1.32b (up 15% from 3Q 2025). Net loss: ₹5.58m (down 169% from profit in 3Q 2025). Revenue is forecast to grow 19% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹727, the stock trades at a trailing P/E ratio of 30.7x. Average forward P/E is 29x in the Basic Materials industry in India. Total returns to shareholders of 61% over the past three years. New Risk • Jan 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.93b (US$98.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.5% operating cash flow to total debt). Earnings have declined by 36% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹8.93b market cap, or US$98.2m). Price Target Changed • Jan 17
Price target increased by 42% to ₹680 Up from ₹480, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ₹656. Stock is down 7.8% over the past year. The company posted earnings per share of ₹5.37 last year. Announcement • Dec 27
Deccan Cements Limited to Report Q3, 2026 Results on Feb 12, 2026 Deccan Cements Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹836, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 32x in the Basic Materials industry in India. Total returns to shareholders of 73% over the past three years. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹6.47 (vs ₹2.89 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹6.47 (up from ₹2.89 loss in 2Q 2025). Revenue: ₹1.43b (up 18% from 2Q 2025). Net income: ₹90.7m (up ₹131.2m from 2Q 2025). Profit margin: 6.4% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • Nov 03
Deccan Cements Limited to Report Q2, 2026 Results on Nov 11, 2025 Deccan Cements Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Upcoming Dividend • Sep 09
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 16 September 2025. Payment date: 23 October 2025. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.5%). Declared Dividend • Aug 14
Dividend reduced to ₹0.60 Dividend of ₹0.60 is 80% lower than last year. Ex-date: 16th September 2025 Payment date: 23rd October 2025 Dividend yield will be 0.06%, which is lower than the industry average of 0.4%. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹10.96 (vs ₹2.00 in 1Q 2025) First quarter 2026 results: EPS: ₹10.96 (up from ₹2.00 in 1Q 2025). Revenue: ₹1.53b (down 11% from 1Q 2025). Net income: ₹153.5m (up 447% from 1Q 2025). Profit margin: 10.0% (up from 1.6% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • Aug 12
Deccan Cements Limited, Annual General Meeting, Sep 23, 2025 Deccan Cements Limited, Annual General Meeting, Sep 23, 2025. Announcement • Aug 02
Deccan Cements Limited to Report Q1, 2026 Results on Aug 12, 2025 Deccan Cements Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • Jul 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 29% per year over the past 5 years. High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin). New Risk • May 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 29% per year over the past 5 years. High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.4% net profit margin). Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹5.37 (vs ₹26.60 in FY 2024) Full year 2025 results: EPS: ₹5.37 (down from ₹26.60 in FY 2024). Revenue: ₹5.43b (down 32% from FY 2024). Net income: ₹75.2m (down 80% from FY 2024). Profit margin: 1.4% (down from 4.7% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • May 19
Deccan Cements Limited to Report Q4, 2025 Results on May 27, 2025 Deccan Cements Limited announced that they will report Q4, 2025 results on May 27, 2025 Price Target Changed • Apr 15
Price target increased by 13% to ₹544 Up from ₹480, the current price target is provided by 1 analyst. New target price is 27% below last closing price of ₹744. Stock is up 21% over the past year. The company posted earnings per share of ₹26.60 last year. Announcement • Mar 10
Deccan Cements Limited Announces Resignation of Mr. Challa Ramesh Reddy as Senior Vice President (Marketing) Deccan Cements Limited announced that Mr. Challa Ramesh Reddy, Senior Vice President (Marketing) has resigned from his position of the Company due to personal reason. The resignation is effective from 10th March 2025. New Risk • Feb 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Earnings have declined by 23% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). New Risk • Feb 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.62b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Earnings have declined by 23% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (₹8.62b market cap, or US$99.2m). Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹0.58 (vs ₹10.98 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.58 (down from ₹10.98 in 3Q 2024). Revenue: ₹1.15b (down 47% from 3Q 2024). Net income: ₹8.11m (down 95% from 3Q 2024). Profit margin: 0.7% (down from 7.1% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Feb 03
Deccan Cements Limited to Report Q3, 2025 Results on Feb 11, 2025 Deccan Cements Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹742, the stock trades at a trailing P/E ratio of 60.4x. Average trailing P/E is 38x in the Basic Materials industry in India. Total returns to shareholders of 21% over the past three years. New Risk • Nov 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.8% operating cash flow to total debt). Earnings have declined by 18% per year over the past 5 years. High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (₹8.42b market cap, or US$99.7m). Reported Earnings • Nov 13
Second quarter 2025 earnings released: ₹2.89 loss per share (vs ₹3.38 profit in 2Q 2024) Second quarter 2025 results: ₹2.89 loss per share (down from ₹3.38 profit in 2Q 2024). Revenue: ₹1.23b (down 26% from 2Q 2024). Net loss: ₹40.5m (down 186% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Nov 02
Deccan Cements Limited to Report Q2, 2025 Results on Nov 12, 2024 Deccan Cements Limited announced that they will report Q2, 2025 results on Nov 12, 2024 New Risk • Sep 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.34b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings have declined by 13% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin). Market cap is less than US$100m (₹8.34b market cap, or US$99.8m). Upcoming Dividend • Sep 13
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.0%). In line with average of industry peers (0.5%). Declared Dividend • Aug 12
Dividend reduced to ₹3.00 Dividend of ₹3.00 is 20% lower than last year. Ex-date: 20th September 2024 Payment date: 11th October 2024 Dividend yield will be 0.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 87% to shift the payout ratio to a potentially unsustainable range, which is more than the 15% EPS decline seen over the last 5 years. Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹2.00 (vs ₹10.10 in 1Q 2024) First quarter 2025 results: EPS: ₹2.00 (down from ₹10.10 in 1Q 2024). Revenue: ₹1.75b (down 8.8% from 1Q 2024). Net income: ₹28.1m (down 80% from 1Q 2024). Profit margin: 1.6% (down from 7.4% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Aug 09
Deccan Cements Limited, Annual General Meeting, Sep 20, 2024 Deccan Cements Limited, Annual General Meeting, Sep 20, 2024. Announcement • Jul 12
Deccan Cements Limited Appoints Mr. Srivari as an Independent Director Deccan Cements Limited announced that the Shareholders of the Company by Special Resolution through Postal Ballot, on 11th July 2024 (date of declaration of voting result on 12th July 2024) have accorded their consent for the appointment of Mr. Srivari as an Independent Director of the Company for a period of five years with effect from 28 May 2024 to 27 May 2029. Qualification: B. Sc from Osmania University (Botany, Zoology & Chemistry) 1982; M. Sc from Osmania University (Specialization in Organic Chemistry), 1985; Ph. D from Osmania University (Chemistry, work at lICT), 1991 under mentorship of Dr. A. V. Rama Rao. Brief profile: Secretary to Govt. of India, Department of Science & Technology (December 2021 -- July 2023); Director, CSIR - Indian Institute of Chemical Technology, Hyderabad (July 2015 - November 2021); Additional charge as Director, CSIR National Environmental Engineering Research Institute (CSIR-NEERI), Nagpur (April 2021- November 2021); Mentor Director, National Institute of Pharmaceutical and Educational Research (NIPER), Hyderabad (June 2015- June 2018); Additional charge as Director, CSIR National Geophysical Research Institute (CSIR-NGRI), Hyderabad (February 2016 - July 2016); Director, Indo-French Joint Laboratory and IICT RMIT (Australia) Joint Laboratory An internationally recognised research leader in organic chemistry with over twenty five years of rich experience. Known for building an interface between academia and industry. Led, developed and nurtured talent across disciplines. Announcement • Jul 11
Deccan Cements Limited Announces the Resignation of Kanwar Pratap Singh as Non-Executive Independent Director Deccan Cements Limited announced the resignation of Mr. Kanwar Pratap Singh, from the office of Non-Executive Independent Director of the Company with effect from 11 July 2024. Resignation due to personal reasons and there is no other material reason for resignation. Other Directorship and category: SHREE BHAVANI INFRACON PRIVATE LIMITED - Director. AQUA ENERGY PRIVATE LIMITED - Director. Membership of Committees: DECCAN CEMENTS LIMITED - Chairman - Audit Committee, and Corporate Social Responsibility Committee. Announcement • Jun 25
Deccan Cements Limited to Report Q1, 2025 Results on Aug 09, 2024 Deccan Cements Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹660, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 30x in the Basic Materials industry in India. Total returns to shareholders of 22% over the past three years. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹26.60 (vs ₹35.19 in FY 2023) Full year 2024 results: EPS: ₹26.60 (down from ₹35.19 in FY 2023). Revenue: ₹8.15b (up 4.3% from FY 2023). Net income: ₹372.6m (down 24% from FY 2023). Profit margin: 4.6% (down from 6.3% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • May 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.16b (US$98.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.0% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹8.16b market cap, or US$98.1m). Announcement • May 22
Deccan Cements Limited to Report Q4, 2024 Results on May 28, 2024 Deccan Cements Limited announced that they will report Q4, 2024 results on May 28, 2024 Announcement • May 18
Deccan Cements Limited Approves the Appointment of Rabindra Srikantan as an Independent Director Deccan Cements Limited approved the appointment of Mr. Rabindra Srikantan (DIN: 00024584) as an Independent Director of the Company for a period of 5 years with effect from 1 April 2024 to 31 March 2029. He did MS in Computer Engineering and Computer Science, and BE in Electrical and Electronics. Mr. Rabindra Srikantan is a successful entrepreneur with over 35 years' of experience in the areas of ER & D and Design Led Manufacturing. Mr. Rabindra Srikantan is: the Founder and Managing Director of ASM Technologies Ltd. (a Listed Company), the President and Chief Operating officer of ASM Digital Technologies Inc. USA, the Director of ASM Digital Technologies Pte Ltd, Singapore, and the Designated Partner of RV Forms and Gears LLP. an Additional Director (Independent Category) of Deccan Cements Limited. Mr. Rabindra Srikantan is: State Council Member - CII Karnataka, Charter Member -TIE, Member, Former Member NASSCOM Engineering R&D Council, Past National Executive Council Member- Indo American Chamber of Commerce, and Past Chairman-Indo American Chamber of Commerce. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹10.98 (vs ₹8.68 in 3Q 2023) Third quarter 2024 results: EPS: ₹10.98 (up from ₹8.68 in 3Q 2023). Revenue: ₹2.21b (up 4.7% from 3Q 2023). Net income: ₹153.9m (up 27% from 3Q 2023). Profit margin: 7.0% (up from 5.8% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Dec 29
Deccan Cements Limited to Report Q3, 2024 Results on Feb 13, 2024 Deccan Cements Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: ₹3.38 (vs ₹4.69 in 2Q 2023) Second quarter 2024 results: EPS: ₹3.38 (down from ₹4.69 in 2Q 2023). Revenue: ₹1.71b (down 5.3% from 2Q 2023). Net income: ₹47.3m (down 28% from 2Q 2023). Profit margin: 2.8% (down from 3.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Oct 31
Deccan Cements Limited to Report Q2, 2024 Results on Nov 07, 2023 Deccan Cements Limited announced that they will report Q2, 2024 results at 12:15 PM, Indian Standard Time on Nov 07, 2023 Upcoming Dividend • Sep 15
Upcoming dividend of ₹3.75 per share at 0.7% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.5%). Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹10.10 (vs ₹14.76 in 1Q 2023) First quarter 2024 results: EPS: ₹10.10 (down from ₹14.76 in 1Q 2023). Revenue: ₹1.92b (down 1.0% from 1Q 2023). Net income: ₹141.4m (down 32% from 1Q 2023). Profit margin: 7.4% (down from 11% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Aug 03
Deccan Cements Limited to Report Q1, 2024 Results on Aug 11, 2023 Deccan Cements Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹35.19 (vs ₹62.52 in FY 2022) Full year 2023 results: EPS: ₹35.19 (down from ₹62.52 in FY 2022). Revenue: ₹7.91b (flat on FY 2022). Net income: ₹493.0m (down 44% from FY 2022). Profit margin: 6.2% (down from 11% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • May 28
Deccan Cements Limited Recommends Final Dividend for Fiscal Year 2022-23 The board of directors of Deccan Cements Limited meeting held on May 27, 2023, recommended final dividend for fiscal year 2022-23 @ INR 3.75 (75%) per equity shares of face value of INR 5 each, subject to the approval of Shareholders in the upcoming 43rd Annual General Meeting of the Company. Announcement • May 20
Deccan Cements Limited to Report Q4, 2023 Results on May 27, 2023 Deccan Cements Limited announced that they will report Q4, 2023 results at 12:15 PM, Indian Standard Time on May 27, 2023 Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹8.68 (vs ₹19.42 in 3Q 2022) Third quarter 2023 results: EPS: ₹8.68 (down from ₹19.42 in 3Q 2022). Revenue: ₹2.11b (up 11% from 3Q 2022). Net income: ₹121.6m (down 55% from 3Q 2022). Profit margin: 5.8% (down from 14% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Feb 04
Deccan Cements Limited to Report Q3, 2023 Results on Feb 14, 2023 Deccan Cements Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Board Change • Dec 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Additional Independent Director Mahpara Ali was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹4.69 (vs ₹16.66 in 2Q 2022) Second quarter 2023 results: EPS: ₹4.69 (down from ₹16.66 in 2Q 2022). Revenue: ₹1.82b (down 4.5% from 2Q 2022). Net income: ₹65.7m (down 72% from 2Q 2022). Profit margin: 3.6% (down from 12% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹4.69 (vs ₹16.66 in 2Q 2022) Second quarter 2023 results: EPS: ₹4.69 (down from ₹16.66 in 2Q 2022). Revenue: ₹1.82b (down 4.5% from 2Q 2022). Net income: ₹65.7m (down 72% from 2Q 2022). Profit margin: 3.6% (down from 12% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 01
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 27 September 2022. Payout ratio is a comfortable 9.8% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.9%). Price Target Changed • Aug 11
Price target decreased to ₹672 Down from ₹1,002, the current price target is provided by 1 analyst. New target price is 27% above last closing price of ₹528. Stock is down 32% over the past year. The company posted earnings per share of ₹62.52 last year. Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: ₹14.76 (vs ₹26.30 in 1Q 2022) First quarter 2023 results: EPS: ₹14.76 (down from ₹26.30 in 1Q 2022). Revenue: ₹1.97b (down 12% from 1Q 2022). Net income: ₹206.8m (down 44% from 1Q 2022). Profit margin: 11% (down from 16% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • May 25
Full year 2022 earnings released: EPS: ₹62.52 (vs ₹82.19 in FY 2021) Full year 2022 results: EPS: ₹62.52 (down from ₹82.19 in FY 2021). Revenue: ₹8.03b (up 5.9% from FY 2021). Net income: ₹875.7m (down 24% from FY 2021). Profit margin: 11% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 26
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹19.42 (down from ₹23.62 in 3Q 2021). Revenue: ₹1.93b (down 7.2% from 3Q 2021). Net income: ₹272.1m (down 18% from 3Q 2021). Profit margin: 14% (down from 16% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹16.66 (vs ₹24.16 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹1.93b (down 2.7% from 2Q 2021). Net income: ₹233.4m (down 31% from 2Q 2021). Profit margin: 12% (down from 17% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 30
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 06 September 2021. Payment date: 27 September 2021. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.9%). Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS ₹26.30 (vs ₹18.65 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: ₹2.27b (up 64% from 1Q 2021). Net income: ₹368.3m (up 41% from 1Q 2021). Profit margin: 16% (down from 19% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 12
Full year 2021 earnings released: EPS ₹82.19 (vs ₹40.44 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹7.68b (up 38% from FY 2020). Net income: ₹1.15b (up 103% from FY 2020). Profit margin: 15% (up from 10% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₹569, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 19x in the Basic Materials industry in India. Total returns to shareholders of 40% over the past three years.