Analysis of the Cement Industry in Pakistan
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Transcript of Analysis of the Cement Industry in Pakistan
8/6/2019 Analysis of the Cement Industry in Pakistan
http://slidepdf.com/reader/full/analysis-of-the-cement-industry-in-pakistan 1/50
Presentation byPresentation by
Hira KhurshidHira Khurshid
Ghulam MustafaGhulam Mustafa
Madiha HafeezMadiha Hafeez
Anam JavaidAnam Javaid
8/6/2019 Analysis of the Cement Industry in Pakistan
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Introduction
Pakistan ranked 5th in the world
cement exports
Cement constituted 47 % of the
exports during the fiscal year 2010
exported 11 million tones of cement
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…continued
High demand in neighboring countries
Including India
High local demand Reconstruction of buildings, homes, shops
and schools in devastated area of Swat andMalakand after Military operation.
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…continued
Growth of Cement Industry Record Public Sector Development Programme
allocation (Rs 621 billion) in the budget FY10
reduction in excise duty by Rs 10 per bag
Fauji Cement claimed 100%capacity utilization during FY10
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Financial Analysis
3 leading cement producers
Bestway Cement
Fauji Cement
Lucky Cement
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Bestway Cement
2005-06 0. 762006-07 0. 82
2007-08 0. 70
2008-09 0. 65
2009-10 0. 52
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Bestway Cement
2005-06 14. 982006-07 15. 94
2007-08 8. 88
2008-09 9. 51
2009-10 14. 72
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Bestway Cement
2005-06 26. 67
2006-07 27. 97
2007-08 58. 10
2008-09 52. 08
2009-10 32. 48
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Bestway Cement
2005-06 41.02006-07 43.91
2007-08 64.31
2008-09 61.09
2009-10 46.31
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Bestway Cement
2005-06 0. 25
2006-07 0. 25
2007-08 0. 29
2008-09 0. 52
2009-10 0. 47
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Bestway Cement
2005-06 2. 72
2006-07 3. 08
2007-08 2. 71
2008-09 2. 44
2009-10 3. 01
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Bestway Cement
2005-06 45.02006-07 39.0
2007-08 38.0
2008-09 41.0
2009-10 52.0
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Bestway Cement
2005-06 50. 48
2006-07 17. 93
2007-08 13. 47
2008-09 32. 20
2009-10 13. 27
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Bestway Cement
2005-06 6. 802006-07 0. 23
2007-08 0. 66
2008-09 3. 45
2009-10 4. 30
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Bestway Cement
2005-06 0. 58
2006-07 3. 51
2007-08 4. 37
2008-09 3. 17
2009-10 3. 71
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Bestway Cement
2005-06 7. 502006-07 10. 00
2007-08 10. 00
2008-09 10. 00
2009-10 0. 00
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Fauji Cement
2005-06 1.252006-07 1.35
2007-08 2.16
2008-09 0.81
2009-10 0.63
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Fauji Cement
2005-06 8.732006-07 9.21
2007-08 9.55
2008-09 7.67
2009-10 10.2
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Fauji Cement
2005-06 60.552006-07 61.22
2007-08 59.23
2008-09 20.16
2009-10 40.11
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Fauji Cement
2005-06 68.932006-07 71.08
2007-08 68.93
2008-09 27.96
2009-10 50.22
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Fauji Cement
2005-06 0.69
2006-07 0.54
2007-08 0.96
2008-09 0.56
2009-10 0.65
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Fauji Cement
2005-06 0.60
2006-07 0.38
2007-08 0.30
2008-09 0.29
2009-10 0.50
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Fauji Cement
2005-06254.0
2006-07 58.0
2007-08 141.0
2008-09 39.0
2009-10 42.0
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Fauji Cement
2005-06 51.12
2006-07 31.52
2007-08 18.56
2008-09 31.75
2009-10 13.54
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Fauji Cement
2005-0619.42
2006-07 10.10
2007-08 3.32
2008-09 4.70
2009-10 0.93
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Fauji Cement
2005-063.21
2006-07 1.73
2007-08 0.85
2008-09 1.43
2009-10 0.31
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Fauji Cement
2005-06 1.62006-07 1.2
2007-08 1.1
2008-09 2.1
2009-10 1.9
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Lucky Cement
2005-06 0.932006-07 0.85
2007-08 0.81
2008-09 0.72
2009-10 0.66
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Lucky Cement
2005-06 18.662006-07 18.51
2007-08 17.65
2008-09 18.33
2009-10 14.39
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Lucky Cement
2005-06 89.10
2006-07 70.19
2007-08 62.00
2008-09 60.72
2009-10 58.32
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Lucky Cement
2005-06 107.932006-07 88.19
2007-08 79.83
2008-09 78.53
2009-10 73.25
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Lucky Cement
2005-06 0.42
2006-07 0.61
2007-08 0.56
2008-09 0.36
2009-10 0.65
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Lucky Cement
2005-06 69.02006-07 54.0
2007-08 39.0
2008-09 50.0
2009-10 43.0
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Lucky Cement
2005-06 24.22
2006-07 20.3
2007-08 19.31
2008-09 20.32
2009-10 24.01
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Lucky Cement
2005-068.19
2006-07 9.9
2007-08 19.31
2008-09 25.20
2009-10 12.01
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Lucky Cement
2005-063.14
2006-07 7.35
2007-08 9.67
2008-09 9.84
2009-10 14.01
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Lucky Cement
2005-06 1.502006-07 1.0
2007-08 1.5
2008-09 2.2
2009-10 3.1
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Analysis (Comparison)
Current Ratio
BestwayBestway FaujiFauji LuckyLucky2005-062005-06 0. 760. 76 1.251.25 0.930.93
2006-072006-07 0. 820. 82 1.351.35 0.850.85
2007-082007-08 0. 700. 70 2.162.16 0.810.81
2008-092008-09 0. 650. 65 0.810.81 0.720.72
2009-102009-10 0. 520. 52 0.630.63 0.660.66
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Analysis (Comparison)
Inventory Turnover
BestwayBestway FaujiFauji LuckyLucky2005-062005-06 14. 98 8.73 18.662006-072006-07 15. 94 9.21 18.512007-082007-08 8. 88 9.55 17.652008-092008-09 9. 51 7.67 18.33
2009-102009-10 14. 72 10.2 14.39
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Analysis (Comparison)
Account Receivable Turnover
BestwayBestway FaujiFauji LuckyLucky2005-062005-06 26. 67 60.55 89.102006-072006-07 27. 97 61.22 70.192007-082007-08 58. 10 59.23 62.002008-092008-09 52. 08 20.16 60.72
2009-102009-10 32. 48 40.11 58.32
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Analysis (Comparison)
Operating Cycle
BestwayBestway FaujiFauji LuckyLucky2005-062005-06 41.0 68.93 107.932006-072006-07 43.91 71.08 88.192007-082007-08 64.31 68.93 79.832008-092008-09 61.09 27.96 78.53
2009-102009-10 46.31 50.22 73.25
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Analysis (Comparison)
Total Asset Turnover
BestwayBestway FaujiFauji LuckyLucky2005-062005-06 0. 25 0.69 0.42
2006-072006-07 0. 25 0.54 0.61
2007-082007-08 0. 29 0.96 0.56
2008-092008-09 0. 52 0.56 0.36
2009-102009-10 0. 47 0.65 0.65
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Analysis (Comparison)
Debt to Equity
BestwayBestway FaujiFauji LuckyLucky2005-062005-06 2. 72 0.60 3.252006-072006-07 3. 08 0.38 2.972007-082007-08 2. 71 0.30 3.12008-092008-09 2. 44 0.29 2.93
2009-102009-10 3. 01 0.50 1.8
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Analysis (Comparison)
Times Interest Earned
BestwayBestway FaujiFauji LuckyLucky2005-062005-06 45.0 254.0 69.02006-072006-07 39.0 58.0 54.02007-082007-08 38.0 141.0 39.02008-092008-09 41.0 39.0 50.0
2009-102009-10 52.0 42.0 43.0
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Analysis (Comparison)
Gross Profit Margin
BestwayBestway FaujiFauji LuckyLucky2005-062005-06 50. 48 51.12 24.222006-072006-07 17. 93 31.52 20.32007-082007-08 13. 47 18.56 19.312008-092008-09 32. 20 31.75 20.32
2009-102009-10 13. 27 13.54 24.01
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Analysis (Comparison)
Rerurn On Asset
BestwayBestway FaujiFauji LuckyLucky2005-062005-06 6. 80 19.42 8.192006-072006-07 0. 23 10.10 9.92007-082007-08 0. 66 3.32 19.312008-092008-09 3. 45 4.70 25.20
2009-102009-10 4. 30 0.93 12.01
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Analysis (Comparison)
Earnings Per Share
BestwayBestway FaujiFauji LuckyLucky2005-062005-06 0. 58 3.21 3.142006-072006-07 3. 51 1.73 7.352007-082007-08 4. 37 0.85 9.672008-092008-09 3. 17 1.43 9.84
2009-102009-10 -3. 71 0.31 14.01
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Analysis (Comparison)
Dividend Per Share
BestwayBestway FaujiFauji LuckyLucky2005-062005-06 7. 50 1.6 1.50
2006-072006-07 10. 00 1.2 1.02007-082007-08 10. 00 1.1 1.52008-092008-09 10. 00 2.1 2.2
2009-102009-10 0. 00 1.9 3.1