Price
Financials
Consolidated, Rs crore| Sep 2012 | Dec 2012 | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 459 | 493 | 524 | 486 | 561 | 561 | 623 | 593 | 617 | 638 | 666 | 672 |
| Expenses | 382 | 410 | 442 | 409 | 472 | 470 | 490 | 502 | 513 | 545 | 570 | 580 |
| Operating Profit | 77 | 83 | 82 | 77 | 88 | 91 | 133 | 91 | 104 | 93 | 96 | 92 |
| OPM % | 17% | 17% | 16% | 16% | 16% | 16% | 21% | 15% | 17% | 15% | 14% | 14% |
| Other Income | 1 | 2 | 4 | 10 | 2 | 3 | 10 | -14 | 3 | 2 | 5 | 9 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 6 | 5 | 7 | 6 | 6 | 7 | 8 | 13 | 12 | 12 | 12 | 14 |
| Profit before tax | 72 | 80 | 79 | 81 | 84 | 87 | 135 | 64 | 94 | 84 | 89 | 87 |
| Tax % | 32% | 24% | 22% | 34% | 20% | 19% | 34% | 9% | 19% | 14% | 21% | 35% |
| Net Profit | 49 | 61 | 61 | 53 | 67 | 71 | 89 | 58 | 76 | 72 | 71 | 56 |
| EPS in Rs | 16.30 | 20.15 | 20.24 | 17.53 | 22.21 | 23.28 | 29.51 | 19.28 | 25.08 | 23.80 | 23.29 | 18.57 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 887 | 1,080 | 1,065 | 940 | 871 | 1,084 | 1,469 | 1,926 | 2,231 | 2,513 | 2,593 |
| Expenses | 862 | 981 | 946 | 813 | 712 | 874 | 1,245 | 1,609 | 1,842 | 2,129 | 2,208 |
| Operating Profit | 25 | 99 | 119 | 127 | 159 | 211 | 224 | 317 | 389 | 384 | 386 |
| OPM % | 2.8% | 9% | 11% | 13% | 18% | 19% | 15% | 16% | 17% | 15% | 15% |
| Other Income | 54 | 6 | 13 | 29 | 22 | 12 | 17 | 13 | 25 | -5 | 18 |
| Interest | 4 | 4 | 1 | 2 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 9 | 8 | 8 | 9 | 10 | 10 | 21 | 23 | 27 | 48 | 50 |
| Profit before tax | 66 | 93 | 123 | 144 | 167 | 212 | 220 | 307 | 387 | 331 | 354 |
| Tax % | 26% | 25% | 25% | 19% | 14% | 15% | 31% | 25% | 28% | 16% | |
| Net Profit | 49 | 69 | 92 | 116 | 143 | 179 | 152 | 230 | 280 | 277 | 275 |
| EPS in Rs | 50.10 | 75.98 | 92.55 | 91.46 | 90.74 | ||||||
| Dividend Payout % | 16% | 17% | 18% | 20% | 21% | 17% | 25% | 23% | 24% | 30% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 24% | 20% | 11% | ||
| Compounded Profit Growth | % | 16% | 26% | -9% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | 26% | 25% | 25% | 23% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 30 | 30 | 30 | 30 |
| Reserves | 197 | 223 | 298 | 392 | 496 | 639 | 742 | 916 | 1,126 | 1,325 |
| Borrowings | 67 | 18 | 29 | 50 | 13 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 423 | 485 | 349 | 318 | 296 | 383 | 477 | 496 | 585 | 585 |
| Total Liabilities | 702 | 741 | 691 | 775 | 820 | 1,037 | 1,249 | 1,443 | 1,741 | 1,940 |
| Fixed Assets | 55 | 55 | 69 | 82 | 93 | 96 | 258 | 287 | 399 | 406 |
| CWIP | 2 | 28 | 16 | 15 | 22 | 108 | 33 | 83 | 51 | 39 |
| Investments | 0 | 0 | 96 | 120 | 195 | 226 | 152 | 85 | 201 | 219 |
| Other Assets | 645 | 657 | 510 | 558 | 509 | 607 | 806 | 987 | 1,090 | 1,277 |
| Total Assets | 702 | 741 | 691 | 775 | 820 | 1,037 | 1,249 | 1,443 | 1,741 | 1,940 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 21 | 157 | 102 | 67 | 153 | 160 | 56 | 123 | 227 | 128 |
| Cash from Investing Activity | 16 | -76 | -6 | -12 | -26 | -123 | -6 | 4 | -175 | -81 |
| Cash from Financing Activity | -27 | -62 | -3 | 0 | -66 | -49 | -35 | -44 | -62 | -80 |
| Net Cash Flow | 11 | 19 | 93 | 56 | 61 | -11 | 14 | 84 | -10 | -33 |
| Free Cash Flow | 37 | 122 | 94 | 46 | 125 | 62 | -64 | 39 | 143 | 49 |
| CFO/OP | 193% | 187% | 122% | 88% | 115% | 91% | 60% | 69% | 93% | 61% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 101 | 87 | 78 | 100 | 86 | 85 | 95 | 79 | 77 | 86 |
| Inventory Days | 52 | 21 | 19 | 25 | 31 | 51 | 34 | 28 | 11 | 5 |
| Days Payable | 167 | 144 | 182 | 260 | 480 | 658 | 670 | 570 | 665 | 648 |
| Cash Conversion Cycle | -14 | -36 | -84 | -135 | -362 | -522 | -541 | -463 | -577 | -556 |
| Working Capital Days | 80 | 39 | 36 | 60 | 58 | 32 | 39 | 45 | 41 | 60 |
| ROCE % | 36% | 42% | 37% | 34% | 36% | 29% | 35% | 36% | 28% |
Fundamentals
Market Cap₹ Cr.
Current Price₹ 2,032
Book Value₹ 447
ROCE27.7 %
ROE23.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)-9%
Consolidated figures.
Valuation
Market capRs 6,158 Cr
Enterprise valueRs 6,063 Cr
P/E (TTM)22.39x
Price to book4.54x
Price to sales2.37x
EV / EBITDA15.02x
EV / EBIT17.13x
EV / sales2.34x
Price to cash flow47.96x
Earnings yield4.47%
Dividend yield1.35%
P/E, 3-year average17.91x
P/B, 3-year average4.08x
P/E, 5-year average18.23x
P/B, 5-year average4.20x
Profitability
Operating margin (excl. other income)15.29%
Operating margin (incl. other income)15.11%
EBITDA margin15.57%
Pre-tax margin13.64%
Net profit margin10.60%
Net margin, latest quarter8.37%
ROE22.07%
ROCE26.40%
ROA15.06%
ROE, 3-year average25.18%
ROCE, 3-year average32.99%
ROA, 3-year average16.59%
ROE, 5-year average25.53%
ROCE, 5-year average33.17%
ROA, 5-year average16.48%
ROIC (approx.)23.48%
Tax rate16.38%
Other income / net worth-0.33%
Growth
Sales growth (latest year)12.67%
Profit growth (latest year)-1.18%
Sales CAGR, 3 years19.60%
Sales CAGR, 5 years23.62%
Profit CAGR, 3 years22.21%
Profit CAGR, 5 years14.11%
Sales growth QoQ0.93%
Profit growth QoQ-20.26%
Sales growth YoY (latest quarter)13.43%
Profit growth YoY (latest quarter)-3.68%
Per share
EPS (TTM)Rs 90.75
EPS (latest year)Rs 91.46
EPS (latest quarter)Rs 18.57
EPS, 3-year averageRs 86.66
EPS, 5-year averageRs 85.70
Book value per shareRs 447.25
Sales per shareRs 855.81
Cash flow per shareRs 42.37
Free cash flow per shareRs 16.17
Dividend per share (latest year)Rs 27.50
Dividend per share, 3-year averageRs 22.50
Dividend per share, 5-year averageRs 20.00
Dividends
Dividend payout30.07%
Dividend payout, 3-year average25.80%
Dividend payout, 5-year average23.85%
Efficiency
Asset turnover1.30x
Fixed asset turnover6.20x
Inventory turnover442.10x
Inventory days1 days
Debtor days86 days
Debtors turnover4.23x
Creditor days648 days
Cash conversion cycle-556 days
Working capital days60 days
Leverage
Cash and bankRs 95 Cr
Net debtRs -95 Cr
Net debt / EBITDA-0.24x
Interest coverage7076.80x
Owners' fund to total sources69.85%
Cash flow
Cash from Operating Activity (latest year)Rs 128 Cr
Cash from Investing Activity (latest year)Rs -81 Cr
Cash from Financing Activity (latest year)Rs -80 Cr
Net Cash Flow (latest year)Rs -33 Cr
Free cash flow (latest year)Rs 49 Cr
Cash from ops / profit, 5 years0.62x
Sales to cash flow19.58x
Statement figures
Net sales (TTM)Rs 2,593 Cr
Net sales (latest year)Rs 2,513 Cr
Sales (latest quarter)Rs 672 Cr
Operating profit excl. other income (latest year)Rs 384 Cr
Operating profit (latest quarter)Rs 92 Cr
Other income (TTM)Rs 18 Cr
EBITDA (TTM)Rs 404 Cr
PBDT (TTM)Rs 404 Cr
Profit before tax (TTM)Rs 354 Cr
Tax (latest year)Rs 54 Cr
Net profit (TTM)Rs 275 Cr
Net profit (latest year)Rs 277 Cr
Net profit (latest quarter)Rs 56 Cr
Depreciation (TTM)Rs 50 Cr
Depreciation (latest quarter)Rs 14 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 1,393 Cr
Total expenditure (latest year)Rs 2,129 Cr
Total income (latest year)Rs 2,509 Cr
Share capitalRs 30 Cr
ReservesRs 1,325 Cr
Shareholders' fundsRs 1,355 Cr
Total assetsRs 1,940 Cr
Net blockRs 406 Cr
Capital work in progressRs 39 Cr
InvestmentsRs 219 Cr
ReceivablesRs 595 Cr
InventoryRs 3 Cr
Other liabilitiesRs 585 Cr
Shares outstanding (crore)3.03
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | CMC | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +2.2% | -2.8% | +5.0 pts |
| 1 month | +1.9% | -6.8% | +8.7 pts |
| 3 months | +3.0% | -7.6% | +10.7 pts |
| 6 months | +8.2% | +0.4% | +7.7 pts |
| 1 year | -13.7% | -9.9% | -3.8 pts |
| 2 years | +59.0% | -13.6% | +72.6 pts |
| 3 years | +84.5% | +14.2% | +70.3 pts |
| 5 years | +107.0% | +27.9% | +79.1 pts |
Red flags
F-score 5 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2015Sales ₹672 Cr +13.3% vs Jun 2014.
Net profit ₹56 Cr -3.4%.
Activity
CompareNo listed peers in this industry.
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2015-07-27 | Interim Dividend - Rs 4.35/- Per Share | |
| 2015-05-22 | Annual General Meeting/Dividend Rs 27.50 Per Share | |
| 2014-06-12 | Annual General Meeting / Dividend - Rs 22.50/- Per Share | |
| 2013-06-18 | Annual General Meeting / Dividend Rs.17.50 Per Share | |
| 2012-06-19 | Annual General Meeting And Dividend Rs.12.50 Per Share (Bc End Date Revised) | |
| 2011-06-08 | Dividend Rs.20/- Per Share And Bonus 1:1 | 0.5000 |
| 2010-06-18 | Agm/Div-Rs.20/- Per Share | |
| 2009-06-16 | Agm/Div-Rs.15/- Per Share | |
| 2008-06-16 | Agm/Dividend - 110% | |
| 2007-06-14 | Agm/Dividend-80% | |
| 2006-06-19 | Agm/Dividend-50% |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of CMC Ltd(Merged)?
CMC Ltd(Merged) (CMC) has a market capitalisation of Rs Cr. at the 2015-09-29 close.
What were CMC Ltd(Merged)'s latest quarterly results?
In the Jun 2015 quarter, CMC Ltd(Merged) sales was Rs 672 Cr (+13.3% vs Jun 2014) and net profit was Rs 56 Cr.