Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹0.37 (vs ₹0.58 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.37 (down from ₹0.58 in 3Q 2022). Revenue: ₹2.23b (up 25% from 3Q 2022). Net income: ₹32.9m (down 36% from 3Q 2022). Profit margin: 1.5% (down from 2.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jan 25
Gujarat Sidhee Cement Limited to Report Q3, 2023 Results on Feb 10, 2023 Gujarat Sidhee Cement Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 03
Second quarter 2023 earnings released: ₹1.71 loss per share (vs ₹0.01 loss in 2Q 2022) Second quarter 2023 results: ₹1.71 loss per share (further deteriorated from ₹0.01 loss in 2Q 2022). Revenue: ₹1.44b (down 13% from 2Q 2022). Net loss: ₹154.3m (loss widened ₹153.4m from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improved over the past week After last week's 18% share price gain to ₹48.15, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 19x in the Basic Materials industry in India. Total returns to shareholders of 171% over the past three years. Recent Insider Transactions • Sep 11
Director of Legal recently sold ₹911k worth of stock On the 7th of September, Arun Fadia sold around 23k shares on-market at roughly ₹40.32 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹3.9m more than they bought in the last 12 months. Reported Earnings • Aug 17
First quarter 2023 earnings released: EPS: ₹0.62 (vs ₹1.34 in 1Q 2022) First quarter 2023 results: EPS: ₹0.62 (down from ₹1.34 in 1Q 2022). Revenue: ₹1.88b (up 21% from 1Q 2022). Net income: ₹54.9m (down 54% from 1Q 2022). Profit margin: 2.9% (down from 7.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 01
Full year 2022 earnings released: EPS: ₹2.27 (vs ₹3.47 in FY 2021) Full year 2022 results: EPS: ₹2.27 (down from ₹3.47 in FY 2021). Revenue: ₹7.03b (up 24% from FY 2021). Net income: ₹201.7m (down 34% from FY 2021). Profit margin: 2.9% (down from 5.4% 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 29% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 21% share price gain to ₹33.15, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 15x in the Basic Materials industry in India. Total returns to shareholders of 80% over the past three years. Recent Insider Transactions • Jun 11
MD & Non-Independent Director recently sold ₹185k worth of stock On the 8th of June, Mohinderpal Gilotra sold around 5k shares on-market at roughly ₹36.97 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹2.1m. This was Mohinderpal's only on-market trade for the last 12 months. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹2.27 (vs ₹3.47 in FY 2021) Full year 2022 results: EPS: ₹2.27 (down from ₹3.47 in FY 2021). Revenue: ₹7.03b (up 24% from FY 2021). Net income: ₹201.7m (down 34% from FY 2021). Profit margin: 2.9% (down from 5.4% 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 29% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 17% share price gain to ₹49.10, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 17x in the Basic Materials industry in India. Total returns to shareholders of 133% over the past three years. Recent Insider Transactions • Apr 02
Director of Legal recently sold ₹2.1m worth of stock On the 30th of March, Arun Fadia sold around 52k shares on-market at roughly ₹40.39 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹4.0m more than they bought in the last 12 months. Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.58 (up from ₹0.014 loss in 3Q 2021). Revenue: ₹1.79b (up 16% from 3Q 2021). Net income: ₹51.8m (up ₹53.0m from 3Q 2021). Profit margin: 2.9% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Sep 04
Insider recently sold ₹1.9m worth of stock On the 2nd of September, Harishchandra Joshi sold around 34k shares on-market at roughly ₹54.42 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹14m more than they bought in the last 12 months. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS ₹1.34 (vs ₹0.57 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹1.57b (up 75% from 1Q 2021). Net income: ₹118.6m (up 138% from 1Q 2021). Profit margin: 7.6% (up from 5.6% in 1Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 16% share price gain to ₹59.95, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 19x in the Basic Materials industry in India. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 24% share price gain to ₹55.90, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 21x in the Basic Materials industry in India. Total returns to shareholders of 98% over the past three years. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹3.47 (vs ₹5.14 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹5.66b (down 3.3% from FY 2020). Net income: ₹305.5m (down 32% from FY 2020). Profit margin: 5.4% (down from 7.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 21% share price gain to ₹49.50, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 18x in the Basic Materials industry in India. Total returns to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improved over the past week After last week's 16% share price gain to ₹42.20, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 17x in the Basic Materials industry in India. Total returns to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 18% share price gain to ₹44.40, the stock is trading at a trailing P/E ratio of 10.4x, up from the previous P/E ratio of 8.9x. This compares to an average P/E of 19x in the Basic Materials industry in India. Total returns to shareholders over the past three years are 24%. Is New 90 Day High Low • Jan 07
New 90-day high: ₹39.05 The company is up 25% from its price of ₹31.30 on 09 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 23% over the same period. Recent Insider Transactions • Dec 23
Key Executive recently sold ₹1.4m worth of stock On the 21st of December, Virendra Mohnot sold around 36k shares on-market at roughly ₹40.17 per share. This was the largest sale by an insider in the last 3 months. This was Virendra's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 20% share price gain to ₹38.75, the stock is trading at a trailing P/E ratio of 9.4x, up from the previous P/E ratio of 7.9x. This compares to an average P/E of 18x in the Basic Materials industry in India. Total returns to shareholders over the past three years are 19%. Is New 90 Day High Low • Dec 03
New 90-day high: ₹37.00 The company is up 34% from its price of ₹27.65 on 04 September 2020. The Indian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 26% over the same period. Valuation Update With 7 Day Price Move • Dec 02
Market bids up stock over the past week After last week's 15% share price gain to ₹34.60, the stock is trading at a trailing P/E ratio of 8.6x, up from the previous P/E ratio of 7.4x. This compares to an average P/E of 18x in the Basic Materials industry in India. Total returns to shareholders over the past three years are 4.6%. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS ₹0.55 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: ₹1.29b (up 12% from 2Q 2020). Net income: ₹48.9m (down 41% from 2Q 2020). Profit margin: 3.8% (down from 7.2% in 2Q 2020). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Oct 24
New 90-day high: ₹34.20 The company is up 13% from its price of ₹30.15 on 24 July 2020. The Indian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 18% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₹26.30 The company is down 11% from its price of ₹29.70 on 26 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 3.0% over the same period.