Reported Earnings • May 23
Full year 2025 earnings released: EPS: ₹0.18 (vs ₹1.25 in FY 2024) Full year 2025 results: EPS: ₹0.18 (down from ₹1.25 in FY 2024). Revenue: ₹14.8b (up 27% from FY 2024). Net income: ₹100.9m (down 84% from FY 2024). Profit margin: 0.7% (down from 5.3% in FY 2024). 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 2% per year, which means it is well ahead of earnings. Announcement • May 15
Udaipur Cement Works Limited to Report Q4, 2025 Results on May 22, 2025 Udaipur Cement Works Limited announced that they will report Q4, 2025 results on May 22, 2025 Reported Earnings • Jan 29
Third quarter 2025 earnings released: EPS: ₹0.07 (vs ₹0.45 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.07 (down from ₹0.45 in 3Q 2024). Revenue: ₹3.71b (up 24% from 3Q 2024). Net income: ₹38.7m (down 85% from 3Q 2024). Profit margin: 1.0% (down from 8.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Jan 21
Udaipur Cement Works Limited to Report Q3, 2025 Results on Jan 28, 2025 Udaipur Cement Works Limited announced that they will report Q3, 2025 results on Jan 28, 2025 Reported Earnings • Oct 24
Second quarter 2025 earnings released: ₹0.33 loss per share (vs ₹0.23 profit in 2Q 2024) Second quarter 2025 results: ₹0.33 loss per share (down from ₹0.23 profit in 2Q 2024). Revenue: ₹2.95b (up 9.5% from 2Q 2024). Net loss: ₹183.3m (down 251% from profit in 2Q 2024). Announcement • Oct 16
Udaipur Cement Works Limited to Report First Half, 2025 Results on Oct 23, 2024 Udaipur Cement Works Limited announced that they will report first half, 2025 results on Oct 23, 2024 Announcement • Aug 16
Udaipur Cement Works Limited Approves Board Appointments Udaipur Cement Works Limited at its AGM held on August 16, 2024 approved appointment of Mr. Sadhu Ram Bansal (DIN No:06471984), as an independent Director (ID) of the Company for a term of three consecutive years with effect from 1st July, 2024 not liable to be retire by rotation and Mr. Sudhir A. Bidkar (DIN No: 00113646), as Non-executive Non-Independent Director of the company, liable to retire by rotation, with effect from 1st July, 2024. Mr. Sadhu Ram Bansal is a Post Graduate (English), Certified Associate of Indian Institute of Bankers and Associate of Indian Institute of Banking and Finance. Mr. Bansal is a Banking and Finance Professional and a competent Administrator with over 35 years of extensive experience in Banking in various capacities. Mr. Bansal is as an Independent Director of JK Lakshmi Cement Ltd., Hindustan Specialty Chemicals Ltd., Hindustan Urban Infrastructure Ltd., KEI Industries Limited, FIITJEE Ltd., GMR Airports Infrastructure Ltd. and Lux Industries Ltd. He was the Chairman & Managing Director of Corporation Bank and Executive Director of Punjab National Bank, held Field General Manager and other posts in Bank of Baroda and was Chief General Manager (on deputation) of India Infrastructure Finance Company Ltd. Mr. SudhirABidkaris a Fellow Member of the Institute of Chartered Accountants of India and also Fellow Member of The Institute of Company Secretaries of India'. In-depth Financial Analysis has been Mr. Bidkar's forte. He has over 40 years of post-qualification experience. Mr. Bidkar has worked for over 37 years in Corporate Finance Department of various JK Group Companies. He has vast experience in the field of Corporate Finance, Secretarial & Commercial matters. Apart from handling the normal finance function of fund raising for Projects & Working Capital, Mr. Bidkar had been actively involved in many M&A Transactions of the Group. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹36.19, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 33x in the Basic Materials industry in India. Total returns to shareholders of 11% over the past year. Announcement • Jul 25
Udaipur Cement Works Limited, Annual General Meeting, Aug 16, 2024 Udaipur Cement Works Limited, Annual General Meeting, Aug 16, 2024, at 12:00 Indian Standard Time. Reported Earnings • Jul 16
First quarter 2025 earnings released: ₹0.18 loss per share (vs ₹0.14 profit in 1Q 2024) First quarter 2025 results: ₹0.18 loss per share (down from ₹0.14 profit in 1Q 2024). Revenue: ₹3.26b (up 32% from 1Q 2024). Net loss: ₹102.8m (down 344% from profit in 1Q 2024). Announcement • Jul 09
Udaipur Cement Works Limited to Report Q1, 2025 Results on Jul 15, 2024 Udaipur Cement Works Limited announced that they will report Q1, 2025 results on Jul 15, 2024 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹45.99, the stock trades at a trailing P/E ratio of 42x. Average trailing P/E is 30x in the Basic Materials industry in India. Total returns to shareholders of 88% over the past year. Reported Earnings • May 18
Full year 2024 earnings released: EPS: ₹1.25 (vs ₹1.15 in FY 2023) Full year 2024 results: EPS: ₹1.25 (up from ₹1.15 in FY 2023). Revenue: ₹11.7b (up 14% from FY 2023). Net income: ₹614.1m (up 71% from FY 2023). Profit margin: 5.2% (up from 3.5% in FY 2023). The increase in margin was driven by higher revenue. Announcement • May 11
Udaipur Cement Works Limited to Report Q4, 2024 Results on May 17, 2024 Udaipur Cement Works Limited announced that they will report Q4, 2024 results on May 17, 2024 Board Change • Apr 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Woman Director Bhaswati Mukherjee 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. Announcement • Jan 20
Udaipur Cement Works Limited to Report Q3, 2024 Results on Jan 31, 2024 Udaipur Cement Works Limited announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: ₹0.23 (vs ₹0.07 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.23 (up from ₹0.07 in 2Q 2023). Revenue: ₹2.70b (up 23% from 2Q 2023). Net income: ₹121.5m (up 457% from 2Q 2023). Profit margin: 4.5% (up from 1.0% in 2Q 2023). The increase in margin was driven by higher revenue. Announcement • Oct 20
Udaipur Cement Works Limited to Report Q2, 2024 Results on Oct 26, 2023 Udaipur Cement Works Limited announced that they will report Q2, 2024 results on Oct 26, 2023 New Risk • Aug 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (2.7% net profit margin). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹31.35, the stock trades at a trailing P/E ratio of 59.9x. Average trailing P/E is 34x in the Basic Materials industry in India. Total returns to shareholders of 33% over the past year. Reported Earnings • Jul 26
Full year 2023 earnings released: EPS: ₹1.15 (vs ₹1.56 in FY 2022) Full year 2023 results: EPS: ₹1.15 (down from ₹1.56 in FY 2022). Revenue: ₹10.3b (up 18% from FY 2022). Net income: ₹358.6m (down 26% from FY 2022). Profit margin: 3.5% (down from 5.6% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Jul 24
Udaipur Cement Works Limited, Annual General Meeting, Aug 17, 2023 Udaipur Cement Works Limited, Annual General Meeting, Aug 17, 2023, at 14:00 Indian Standard Time. New Risk • Jul 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). High level of non-cash earnings (44% accrual ratio). Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (3.5% net profit margin). Announcement • Jul 15
Udaipur Cement Works Limited to Report Q1, 2024 Results on Jul 25, 2023 Udaipur Cement Works Limited announced that they will report Q1, 2024 results on Jul 25, 2023 New Risk • Jun 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹7.95b (US$97.1m) 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 Risks Interest payments are not well covered by earnings (2.0x net interest cover). High level of non-cash earnings (44% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (₹7.95b market cap, or US$97.1m). New Risk • Jun 15
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 8.5% 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 (2.0x net interest cover). High level of non-cash earnings (44% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (3.5% net profit margin). Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹34.10, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 32x in the Basic Materials industry in India. Total returns to shareholders of 12% over the past year. Reported Earnings • May 13
Full year 2023 earnings released: EPS: ₹1.15 (vs ₹1.56 in FY 2022) Full year 2023 results: EPS: ₹1.15 (down from ₹1.56 in FY 2022). Revenue: ₹10.3b (up 18% from FY 2022). Net income: ₹358.6m (down 26% from FY 2022). Profit margin: 3.5% (down from 5.6% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • May 06
Udaipur Cement Works Limited to Report Q4, 2023 Results on May 11, 2023 Udaipur Cement Works Limited announced that they will report Q4, 2023 results on May 11, 2023 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹28.15, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 22x in the Basic Materials industry in India. Total loss to shareholders of 17% over the past year. Reported Earnings • Feb 02
Third quarter 2023 earnings released: EPS: ₹0.10 (vs ₹0.17 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.10 (down from ₹0.17 in 3Q 2022). Revenue: ₹2.39b (up 15% from 3Q 2022). Net income: ₹32.2m (down 40% from 3Q 2022). Profit margin: 1.4% (down from 2.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Announcement • Feb 01
Udaipur Cement Works Limited Approves the Re-Designation of Shri Shrivats Singhania as Chief Executive Officer Udaipur Cement Works Limited informed that the Board of Directors of the Company at its meeting held on 31st January 2023, has approved the re-designation of Shri Shrivats Singhania as " Chief Executive Officer", effective from 31st January 2023. Shri Shrivats Singhania aged, 38 years, is a graduate in B. Sc. (Hons in Business and Management) from IILM, New Delhi in association with Bradford University, U. K. and an Associate of Arts from Landmark College, Putney, VT(USA). He has entrepreneurial skills through participation in several management development programmes including "Creative Thinking Innovative Solutions to Complex Challenges" conducted by Havard Business School -, "Emerging Leaders Programme" by London Business School and Programme on "Effective Communication for Managerial Success" by IIM- Lucknow, to name a few. Shri Singhania belongs to the large and well reputed 'JK Group', a diversified industrial conglomerate comprising of large companies engaged in manufacturing of Paper and Boards, Cement, Tyres & Tubes, V-Belts, Oil Seals, Hybrid seeds, Dairy Products, Textiles, System Engineering, Power transmission; Defence equipment, Health Care and Clinical Research etc. He has undergone had extensive training in different positions & levels and has gained a diversified and rich business experience of more than 13 years including marketing of paper business, and cement manufacturing activities in JK Group companies besides conceptualization and setting up of 3D Printing Services and a Restaurant. Announcement • Jan 22
Udaipur Cement Works Limited to Report Q3, 2023 Results on Jan 31, 2023 Udaipur Cement Works Limited announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
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. 4 experienced directors. 2 highly experienced directors. Independent Woman Director Bhaswati Mukherjee 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 • Oct 30
Second quarter 2023 earnings released: EPS: ₹0.07 (vs ₹0.33 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.07 (down from ₹0.33 in 2Q 2022). Revenue: ₹2.21b (up 12% from 2Q 2022). Net income: ₹21.8m (down 79% from 2Q 2022). Profit margin: 1.0% (down from 5.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₹34.55, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 19x in the Basic Materials industry in India. Reported Earnings • Jul 20
Full year 2022 earnings released: EPS: ₹1.56 (vs ₹1.77 in FY 2021) Full year 2022 results: EPS: ₹1.56 (down from ₹1.77 in FY 2021). Revenue: ₹8.76b (up 19% from FY 2021). Net income: ₹486.6m (down 12% from FY 2021). Profit margin: 5.6% (down from 7.5% in FY 2021). The decrease in margin was driven by higher expenses. Reported Earnings • May 19
Full year 2022 earnings released: EPS: ₹1.56 (vs ₹1.77 in FY 2021) Full year 2022 results: EPS: ₹1.56 (down from ₹1.77 in FY 2021). Revenue: ₹8.81b (up 20% from FY 2021). Net income: ₹486.6m (down 12% from FY 2021). Profit margin: 5.5% (down from 7.5% in FY 2021). The decrease in margin was driven by higher expenses. Board Change • Apr 27
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. 4 experienced directors. 2 highly experienced directors. Independent Woman Director Bhaswati Mukherjee 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. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 20% share price gain to ₹33.80, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 17x in the Basic Materials industry in India. Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.17 (down from ₹0.50 in 3Q 2021). Revenue: ₹2.08b (up 13% from 3Q 2021). Net income: ₹53.9m (down 65% from 3Q 2021). Profit margin: 2.6% (down from 8.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Board Change • Dec 27
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. 4 experienced directors. 2 highly experienced directors. Independent Woman Director Bhaswati Mukherjee 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. 