India Cements shares jump 6% in early trade

NEW DELHI: Shares of India Cements traded 6.53 per cent up in Thursday 's trade at 09:27 am. Around 585965 shares changed hands on the counter. The stock opened at Rs 102.4 and touched an intraday high and low of Rs 104.7 and Rs 100.7 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 116.95 and a 52-week low of Rs 67.75 .

Investor Radhakishan Damani bought 16 lakh shares of India Cements at Rs 94.97 per share, BSE bulk deal data showed. On Monday, India Cements said that Gopikishan Damani, Radhakishan Damani, Shrikantadevi Damani and Derive Investments have picked up 1.2 crore shares or 4 per cent stake through open market purchases

Financials
India Cements Ltd., incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 2970.36 Crore) operating in Cement sector.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1244.28 Crore, down -1.98 % from last quarter Sales of Rs 1269.40 Crore and down -7.91 % from last year same quarter Sales of Rs 1351.15 Crore Company has reported net profit after tax of Rs -9.43 Crore in latest quarter.

India Cements Ltd. key Products/Revenue Segments include Cement which contributed Rs 5175.29 Crore to Sales Value (96.90 % of Total Sales), Ready Mix Concrete which contributed Rs 92.86 Crore to Sales Value (1.73 % of Total Sales), Other Operating Revenue which contributed Rs 17.34 Crore to Sales Value (0.32 % of Total Sales), Power Generation which contributed Rs 16.89 Crore to Sales Value (0.31 % of Total Sales), Traded Goods which contributed Rs 14.54 Crore to Sales Value (0.27 % of Total Sales), Income From Construction Work which contributed Rs 9.97 Crore to Sales Value (0.18 % of Total Sales), Clinker which contributed Rs 6.46 Crore to Sales Value (0.12 % of Total Sales), Cement (White) which contributed Rs 5.89 Crore to Sales Value (0.11 % of Total Sales) and Thermal Power which contributed Rs 1.48 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2018.

Promoters holding
Promoters held 28.20982 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 1244.28 crore and net profit of Rs -9.43 crore.

Valuation ratio
It quoted a price-to-earnings ratio of 31.9 and price to book value of 0.52 .