UltraTech Cement's intrinsic value using Intellectual Capital analysis

UltraTech Cement

BSE : 532538

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NSE : ULTRACEMCO

Industry : Cement

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ISIN : INE481G01011

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FreeFloat : 40.00%

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FnO : Yes

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LotSize : 200

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Intellectual Capital (IC)	51,796.39
Net Worth (NW)	42,339.53
Intrinsic Worth (IW)	94,135.92
Market Cap (MC)	150,353.90
Economic Value Added	-530.65

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	55.02%
IC Gross Margin (EBITDA/IC)	22.79%
IC Net Margin (NPT/IC)	13.09%
Knowledge Turnover (Sales/IC)	0.83
Market to Intrinsic Value (MC/IW)	1.60

As Of	Intrinsic Value	Market Price
31 Dec 2020	Rs. 3,310.89	Rs. 5,288.15
26 Feb 2021	-	Rs. 6,115.00

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : No	Sell	10 DMA : Rs. 6,317.55	Sell	Strong Sell
KB > 50% : Yes		50 DMA : Rs. 5,728.26
0 < M2IV < 1 : No		Vol-Price trend : Falling

Question 3 - Is this stock undervalued?

Question 2 - Does this business have significant knowledge assets?

Question 1 - Is this business generating enough profits to cover its cost of capital?

* EVA is a registered trademark of Stern Stewart and Co.

Quarterly Results (Rs. Cr)

Quarter

Type*

Sales

Income

EBITDA

EBIT

PBT

PAT

NPT

Mar-18
C
9420.76
9527.11
1566.01
1065.07
720.69
446.13
512.67

Jun-18
C
9021.41
9094.08
1763.32
1256.61
908.10
631.21
690.96

Sep-18
C
8151.46
8371.69
1446.47
910.80
556.86
375.74
422.10

Dec-18
C
9389.62
9492.94
1548.42
991.88
576.67
390.43
311.65

Mar-19
C
10905.15
11031.27
2458.77
1911.28
1477.02
1034.21
988.45

Jun-19
C
10177.63
10308.79
2839.83
2240.53
1799.33
1208.03
1190.91

Sep-19
C
9620.47
9774.16
2065.38
1396.96
889.84
578.55
586.03

Dec-19
C
10353.80
10521.95
2141.24
1468.24
997.43
711.25
716.15

Mar-20
C
10745.62
10943.55
2639.16
1966.80
1461.97
3239.39
3226.45

Jun-20
C
7633.75
7912.58
2195.81
1549.63
1156.61
796.31
783.92

Sep-20
C
10354.21
10489.10
2494.22
1821.80
1464.98
1235.11
1217.01

Dec-20
C
12254.12
12522.03
3362.16
2688.25
2331.98
1584.58
1584.34

* C - Consolidated, S - Standalone