Stock Name : Sagar Cement/Tips Open Buy : 734 Posted Date : Nov 15, 2020
Stopless/Horizon : 699 Target : 844 Results Achieved (Yes/No) :

Overview: Sagar Cements Limited (SCL) is a Small Cap company with a market capital of Rs 1759.33 Crore.Sagar Cements has presence across southern, the company sells its cement under the brand, Sagar Cement.

About the company: Established in 1981 Sagar Cements Limited, the company manufactures various varieties of cement including Ordinary Portland Cement (OPC) of 53 grade, 43 grade, Portland Pozzalona Cement (PPC) and Sulphate Resistant Cement (SRC) to cater different needs of customers.

Sagar Cement’s manufacture Plant is in Mattampally, Suryapet District, Telangana, the company has implemented dry processing kiln technology and has commissioned an electrostatic precipitator system for environment protection and pollution control.

Sagar Cements has a strong base in Indian states of Andhra Pradesh, Telangana, Tamil Nadu, Kerala, and Karnataka.The Company has a well-designed marketing structure and their marketing network includes various layers like Distributors, Dealers, C&F Agents, all of whom are served by dedicated marketing personnel from the company.Currently, the company has 1561 dealers.

The company has 3 subsidiaries namely (1) Sagar Cements (R) Limited. (2) Satguru Cement Private Limited. (3) Jajpur Cements Private Limited.

Sagar Cements Limited started its operation with a Cement capacity of 66000 TPA (Tonnes per Annum), the company gradually increased it to the present level ofan installed production capacity of 5.75 Million TPA.

Management: Mr S.Anand Reddy is the Promotor &Managing Directorand S.Sreekanth Reddy is the Promotor and Joint Managing Director.

Shareholding Pattern (As on 30-09-2020):
• Promoters: 50.16
• Foreign Institutions: 2.73
• NBFC and Mutual Funds : 10.92
• Others: 27.86
• General Public: 6.88
• Financial Institutions: 1.45

Dividend: Sagar Cements declared an equity dividend of 25.00% amounting to Rs 2.5 per share for the year ending March 2020.

Sales Report:For the quarter ended 30th September 2020, Sagar Cements has posted a Consolidated sale of Rs 325.88 Crore, which is up 23.38 % from last quarter Sales of Rs 264.12 Crore and up by 22.84 % from the previous year’s corresponding period Sales of Rs 265.28 Crore.

Net profit of Sagar Cements rose 917.61% to Rs 50.27 crore in this quarter against the last year’s same quarter profit Rs 4.94 crore. The company’s EPS has increased to Rs. 21.58 in September 2020 from Rs. 2.28 in September 2019.

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