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Udaipur Cement Works Ltd

BSE Code : 530131 | NSE Symbol : UDAICEMENT | ISIN:INE225C01029| SECTOR : Cement |

NSE BSE
 
SMC down arrow

40.80

-0.90 (-2.16%) Volume 529067

18-May-2024 EOD

Prev. Close

41.70

Open Price

41.80

Bid Price (QTY)

40.80(4261)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 41.80 - 40.05

52 wk High/Low 42.75 - 22.17

Key Stats

MARKET CAP (RS CR) 2291.48
P/E 43.96
BOOK VALUE (RS) 14.7323742
DIV (%) 0
MARKET LOT 1
EPS (TTM) 0.93
PRICE/BOOK 2.77484127439554
DIV YIELD.(%) 0
FACE VALUE (RS) 4
DELIVERABLES (%) 62.67
4

News & Announcements

17-May-2024

Udaipur Cement Works standalone net profit rises 17.17% in the March 2024 quarter

17-May-2024

Udaipur Cement Works Ltd - Udaipur Cement Works Limited - Statement of deviation(s) or variation(s) under Reg. 32

17-May-2024

Udaipur Cement Works Ltd - Udaipur Cement Works Limited - Change in Director(s)

17-May-2024

Udaipur Cement Works Ltd - Udaipur Cement Works Limited - Change in Auditors

10-May-2024

Udaipur Cement Works to hold board meeting

20-Jan-2024

Udaipur Cement Works to hold board meeting

20-Oct-2023

Udaipur Cement Works to convene board meeting

22-Jul-2023

Udaipur Cement Works AGM scheduled

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
ACC Ltd 500410 ACC
Ambuja Cement Eastern Ltd(merged) 532201
Ambuja Cement Rajasthan Ltd (Merged) 500122 AMBUJARAJN
Ambuja Cements Ltd 500425 AMBUJACEM
Balaram Cements Ltd 518034
Barak Valley Cements Ltd 532916 BVCL
Basera Cements Ltd(liquidated) 530275
Birla Corporation Ltd 500335 BIRLACORPN
Burnpur Cement Ltd 532931 BURNPUR
Dhar Cement Ltd(liquated) 502076
Gangotri Cement Ltd 518093
Garden Cements Ltd 40395
Gujarat High Tech Industries Ltd 524003
Gujarat Himalaya Cements Ltd 502096
Gujarat Sidhee Cement Ltd(Merged) 518029 GSCLCEMENT
HeidelbergCement India Ltd 500292 HEIDELBERG
Indo American Cement Corporation Ltd 518099
J K Cements Ltd 532644 JKCEMENT
Jaipur Udyog Ltd 502145
Jamshedpur Cement Ltd 40103
Janpriya Cement Ltd 502088
JK Lakshmi Cement Ltd 500380 JKLAKSHMI
Kalyanpur Cements Ltd 502150
Kesoram Industries Ltd 502937 KESORAMIND
Kesoram Industries Ltd Partly Paidup 890156 KILPP
Lloyd Cements Ltd 531605
Mahendra Cements Ltd 518079
Mangalam Cement Ltd 502157 MANGLMCEM
Modern Cement Industries Ltd 518081
Narmada Cement Company Ltd(merged) 502162 NARMADCEM
Nihon Nirmaan Ltd 500453 NIHONIRMAN
Nirman Cements Ltd 531954
Nuvoco Vistas Corporation Ltd 543334 NUVOCO
OCL India Ltd(Merged) 502165 OCL
Panchmahal Cement Ltd 502070 PANCHMACEM
Pittie Cement & Industries Ltd(liquidated) 500332 PITTIECEM
Prism Johnson Ltd 500338 PRSMJOHNSN
Prudential Cements Ltd (Wound-up) 518059
Radhakisan Cement Ltd 502079
Ranisagar Cement Company Ltd 518107
Sahas Cements Ltd 531124
Samruddhi Cement Ltd(merged) 533209 SAMRUDDHI
Sanghi Industries Ltd 526521 SANGHIIND
Saurashtra Cement Ltd 502175 SAURASHCEM
Shree Cement Ltd 500387 SHREECEM
Shree Digvijay Cement Co. Ltd 502180 SHREDIGCEM
Shree I-Jee Cement Industries Ltd 518089
Shri Hariganga Cement Ltd 502083
Shubham Industries Ltd 518087
Sigma Cements Ltd 518113
Somani Cement Company Ltd 518071 SOMANICEM
Star Cement Ltd 540575 STARCEMENT
Sukhchain Cements Ltd 518095
UltraTech Cement Ltd 532538 ULTRACEMCO
Ultratech Nathdwara Cement Ltd 532849 BINANICEM
Vaishno Cement Co Ltd 526941
Varun Cements Ltd 518109
Vedvyas Cement Ltd 531195
Vinay Cements Ltd 518051
Vishwakarma Cements Ltd 518097
Zodiac Cements Ltd 532082

Share Holding

Category No. of shares Percentage
Total Foreign 2330539 0.42
Total Institutions 225720 0.04
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 22049943 3.93
Total Promoters 420403252 75.00
Total Public & others 115528216 20.62
Total 560537670 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Udaipur Cement Works Ltd

Udaipur Cement Works Ltd. (UCWL) was incorporated in 1993. The Company is a manufacturer and supplier of Cement and Cementitious products with manufacturing facilities in the State of Rajasthan. The Company's Technical Service Cell provides construction solutions to its customers & carries out regular & innovative contact programmes with Individual House Builders, Masons and other Business Associates to keep in tune with their needs and requirements. It has acquired the 8 lac-tpa cement division of Bajaj Hindustan for Rs 147.5 cr. It is now modernising and de-bottlenecking it to increase the capacity to 1 mtpa. The entire exercise costing Rs 220 cr, was part-financed by equity and PCD issues aggregating Rs 66 cr. The plant was taken over in Apr.'94. Since then, it has shown good capacity utilisation, wherein lies the key to the company's success. After acquisition, it was able to solve its technical problems. During the period 2012-14, the Company commissioned the Cement Mill and Packing Plant as part of the first phase of upgradation and modernization of the plant. It restarted its operations by commissioning Cement Mill in the month of July 2013. The Company completed its Revival and Rehabilitation Scheme with start of its commercial production from 31 March 2017 at its integrated Cement plant at Udaipur during 2016-17. In addition, it commissioned 1.24 MTPA clinkerisation facility in March 2017 with cement grinding capacity of 1.60 MTPA. It launched its 'PLATINUM HEAVY DUTY CEMENT' brand in 2017-18. During FY 2021-22, the Company ramped up its solar power generation capacity by 4.35 MW, in addition to the existing 10.1 MW, further totaling it to 14.45 MW.

Udaipur Cement Works Ltd Chairman Speech

Dear Shareholders,

Associates and Team UCWL,

The global economic scenario has witnessed a series of disruptions and challenges over the past two years marked by trade wars, the COVID-19 pandemic, geopolitical conflicts, and subsequent lockdowns creating complexities. Despite efforts to alleviate the consequences of these challenges, the continuous uncertainties have had a notable effect on consumer and business confidence, ultimately impacting global economic growth.

After a strong recovery in 2021 - driven by robust consumer spending and some uptake in investment, with trade in goods surpassing pre-pandemic levels - there were increasingly gloomy developments in 2022, and a further growth dip in 2023 but projections for improvement in 2024.

However, amid this challenging environment, India has rebounded strongly. India's GDP growth during FY 2021-22 has been favourably revised upward from 8.7% to 9.1%, led by the manufacturing and construction sectors, indicating a more robust rebound. Similarly, in FY 2022-23, India's GDP growth has been among the highest in the world at an estimated 7.2%.

Industry Trends and Outlook

Substantial capacity is being added to the cement industry, but a more than proportionate consumption growth is likely to improve the capacity utilisation levels in the near future. The industry is likely to witness ~9% y-o-y volume growth in FY 2023-24, supported by sustained demand from infrastructure projects and recovery in individual housing demand. The upcoming general election of 2024 will generate pent-up demand in the ongoing year. The government is expected to prioritise the completion of ongoing projects, leading to increased economic activity and investment. Pre-long-term growth expectations are to be in the range of ~7% to 8% mainly driven by higher projected growth in these two sectors. Cooling off energy costs is a positive indicator for the industry but there are concerns regarding negligible forward movement on cement prices.

Performance

Throughout the year, we have maintained an unwavering focus on achieving growth with sustainability. Despite facing limited opportunities, we have remained committed to our agenda. We have diligently worked to control costs, make incremental operational improvements, and enhance our sales and market share. Our efforts have been directed towards balancing growth with long-term viability, ensuring that our progress is sustainable and aligned with our strategic objectives.

Our focused efforts have indeed yielded positive outcomes. The Company has achieved commendable growth in both production and sales in the past year. Notably, the net sales of the Company have witnessed a substantial 18% increase in FY 2022-23 compared to the previous year. Additionally, the sales volume has reached 20.35 lakh tons in FY 2022-23 from 19.49 lakh tons in FY 2021-22.

Despite facing significant challenges such as the notable increase in fuel costs during FY 2022-23, which put pressure on margins, the Company has managed to deliver a satisfactory performance. This has been made possible through the implementation of various efficiency improvement measures, optimisation of the product mix, and geographical mix. These strategic initiatives have enabled the company to navigate challenging market conditions and achieve positive results.

By continuously improving efficiency parameters and adapting to changing market dynamics, we have effectively mitigated the impact of cost pressures and enhanced our overall performance. Our focus on optimising the product mix and expanding into new geographical markets has further contributed to our success. These accomplishments underscore our commitment to sustainable growth and resilience in the face of challenges.

During the year, your Company successfully commissioned a floating solar power plant of 1 MW, the first of its kind in the state of Rajasthan and in the indian cement industry. This has resulted in an increase in the share of renewable energy of the Company to more than 48% of its total power requirement.

The Company is currently executing an expansion project that involves the addition of new clinker line with a capacity of 1.50 million tonnes per annum and a cement grinding unit of 2.50 million tonnes per annum. The clinkerisation line is projected to be commissioned during the third quarter of FY 2024 and the cement grinding in the second quarter of FY 2025, as originally scheduled. Upon completion of the project, the clinker capacity will be enhanced to 3 million tonnes per annum, and the cement grinding capacity will increase to 4.70 million tonnes per annum.

Awards & Accolades

Collective efforts by all our stakeholders have been well recognised in the industry and your Company has been awarded as India's fastest growing cement company in the small category 2022 by the Indian Cement Review (ICR).

I would like to take this opportunity to express my heartfelt gratitude to all our valued customers, esteemed business partners, dedicated associates, reliable suppliers, and esteemed members of our organisation. Your unwavering loyalty and confidence in us have been instrumental in our success, and we deeply appreciate your continued support. I would also like to extend my gratitude to our employees, who are truly the cornerstone of our organisation.

As we embark on an exciting journey towards a promising future, I am grateful for the partnership we have established and nurtured with all our stakeholders. Your support has been invaluable, and it is our hope that we can continue to count on your support and collaboration in the days to come. The future holds immense potential and abundant opportunities, and we are confident that together, we can achieve even greater heights.

Namaskar,

Vinita Singhania,

Chairperson.

   

Udaipur Cement Works Ltd Company History

Udaipur Cement Works Ltd. (UCWL) was incorporated in 1993. The Company is a manufacturer and supplier of Cement and Cementitious products with manufacturing facilities in the State of Rajasthan. The Company's Technical Service Cell provides construction solutions to its customers & carries out regular & innovative contact programmes with Individual House Builders, Masons and other Business Associates to keep in tune with their needs and requirements. It has acquired the 8 lac-tpa cement division of Bajaj Hindustan for Rs 147.5 cr. It is now modernising and de-bottlenecking it to increase the capacity to 1 mtpa. The entire exercise costing Rs 220 cr, was part-financed by equity and PCD issues aggregating Rs 66 cr. The plant was taken over in Apr.'94. Since then, it has shown good capacity utilisation, wherein lies the key to the company's success. After acquisition, it was able to solve its technical problems. During the period 2012-14, the Company commissioned the Cement Mill and Packing Plant as part of the first phase of upgradation and modernization of the plant. It restarted its operations by commissioning Cement Mill in the month of July 2013. The Company completed its Revival and Rehabilitation Scheme with start of its commercial production from 31 March 2017 at its integrated Cement plant at Udaipur during 2016-17. In addition, it commissioned 1.24 MTPA clinkerisation facility in March 2017 with cement grinding capacity of 1.60 MTPA. It launched its 'PLATINUM HEAVY DUTY CEMENT' brand in 2017-18. During FY 2021-22, the Company ramped up its solar power generation capacity by 4.35 MW, in addition to the existing 10.1 MW, further totaling it to 14.45 MW.

Udaipur Cement Works Ltd Directors Reports

Udaipur Cement Works Ltd Company Background

Vinita Singhania
Incorporation Year1993
Registered OfficeShripati Nagar,P O CFA
Udaipur,Rajasthan-313021
Telephone91-294-2655076,Managing Director
Fax91-294-2655077
Company SecretaryPoonam Singh
AuditorBansilal Shah & Co
Face Value4
Market Lot1
ListingBSE,NSE,
RegistrarMCS Share Transfer Agent Ltd
F-65 1st Floor ,Okhla Industrial Are,Phase I ,New Delhi-110020

Udaipur Cement Works Ltd Company Management

Director NameDirector DesignationYear
Onkar Nath RaiIndependent Director2023
Vinit MarwahaIndependent Director2023
Vinita SinghaniaChairperson2023
SHRIVATS SINGHANIAExecutive Director & CEO2023
Surendra MalhotraIndependent Director2023
Naveen Kumar SharmaWhole-time Director2023
Poonam SinghCompany Sec. & Compli. Officer2023
Ambassador Bhaswati MukherjeeIndependent Director2023

Udaipur Cement Works Ltd Listing Information

Listing Information
BSESMALLCA
BSEALLCAP
BSEMETERIA

Udaipur Cement Works Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
CementMT000568.16
OthersNA000105.18
Other Operating RevenueNA00012.43
ClinkerTon0000

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