Flying Cement Company Limited
Corporate Briefing Session
FY 2024
INDEX
2
3
5
6
7
Vision & Mission
Company Overview
Financials at a glance
Expansion Snapshot
Going Forward
Share Price Analysis
Vision
To be a premier quality cement manufacturing unit engaged in nation building through the most efficient utilization of resources.
Mission
Successfully deliver quality cement by using innovative practices with the ultimate goal of increasing the satisfaction of our customers.
To minimize the cost of production by using state-of-the-art technology and utilizing our experience in increasing profits for our shareholders.
Company Overview
- .
Plant & Capacities
- Located in Mangowal, District Khushab on a land area of 135 acres.
- Produces Portland Grey Cement based on 'Dry Process Technology'
- The Company is a trend setter of successfully using local coal in place of imported coal as main source of energy for last 10 years. Other cement manufacturing units have also shifted on local coal, hence a huge foreign reserve worth million of $ is being saved on import of coal.
- Maintaining a credit rating of 'A-' (Long term) & 'A2' (Short term) along with a 'Stable' outlook by PACRA.
Supply Chain Dynamics
- Domestic sales handled through a network of 150 regular dealers in Punjab & KPK (mainly Faisalabad, Sialkot, Gujranwala, Khushab, Sargodha, Lahore, Multan, Peshawar etc.).
Financials at a Glance FY 2024
Rs. in Million | ||
FY 2024 | FY 2023 | |
Gross Sales | 6,173 | 5,729 |
Net Sales | 4,517 | 4,244 |
. | ||
Operating Profit | 183 | 446 |
Profit after Tax | 51 | 271 |
EPS- Rs. | 0.07 | 0.39 |
Equity & Liabilities
Short term finance-1.58%
Trade and other
Equity-49.35%
Other liabilities 5.97 %
Long term finance-19.82%
Sales Revenue
PKR in Million
6,000 | ||
5,336 | ||
5,000 | ||
4,516 | ||
4,244 |
4,000
3,206
3,000
2,000 | ||||
1,080 | ||||
1,000 | ||||
- | ||||
2020 | 2021 | 2022 | 2023 | 2024 |
Profit after tax to Sales
20 | 17.35 | |||||
6.39 | ||||||
10 | ||||||
1.13 | ||||||
4.48 | ||||||
0 | ||||||
% | ||||||
2020 | 2021 | 2022 | 2023 | 2024 | ||
Percentage | ||||||
-10 | ||||||
-20 | ||||||
-30 | ||||||
-40 | (49.16) | |||||
-50 | ||||||
Financials at a Glance
Rs. In 000
Total Equity
2024 Rs. 12,344
2023 Rs. 12,292
Assets
percentage
Total Property, Plant
& Equipment
2024 Rs. 23,174
2023 Rs. 21,175
Total Assets
2024 Rs. 25,361
2023 Rs. 22,970
Stock in trade- 4.79%
Other assets- 3.83%
Property, plant and equipment- 91.38%
Expansion Snapshot | . |
New Line 2
- Its technology has been provided by world renowned manfctureres/suppliers of plant & machinery.
- Significant lower project cost incurred as compared with other players .
- The trail run of new Line 2 of 9,000 TPD of clicker will be started soon and its COD is targeted by 3rd quarter of Financial Year 2024-25.
- After COD of Line 2, the total capacity of the Company would be 13,000 TPD clinker resutlig in 3.9 million ton per annum.
Going Foarward
With the expected increase in economic activites coupled with GDP growth, it is anticipitaed that the Company's financial results will improve siginificanlty going forward. Moreover, after expcested COD of Line 2 in 3rd quarter of FY 2024-25, the Company will start further paneterating into market through vast distribtion network and expected to achieve good capacity utilization. Consequently, the financial performace of the Company would show tremendous growth in near future.
Share Price Analysis
20.00 | ||||||||||||||||
18.00 | 17.59 | |||||||||||||||
Price | 16.00 | |||||||||||||||
14.00 | 14.39 | |||||||||||||||
Share | ||||||||||||||||
12.00 | ||||||||||||||||
Cement | 10.00 | 9.12 | ||||||||||||||
8.00 | 8.21 | 8.72 | ||||||||||||||
7.86 | 7.61 | |||||||||||||||
7.25 | 7.02 | 6.79 | 6.85 | |||||||||||||
Flying | 6.00 | 6.12 | 5.85 | 5.99 | ||||||||||||
5.55 | ||||||||||||||||
4.00 | ||||||||||||||||
2.00 | ||||||||||||||||
- | ||||||||||||||||
Jul-23 | Aug-23Sep-23 | Oct-23Nov-23Dec-23 | Jan-24 | Feb-24 | Mar-24Apr-24May-24Jun-24 | Jul-24 | Aug-24Sep-24 | |||||||||
Jul-23Aug-23Sep-23 | Oct-23Nov-23Dec-23Jan-24 | Feb-24 | Mar-24Apr-24May-24Jun-24 | Jul-24Aug-24Sep-24 | ||||||||||||
Series1 | 6.12 | 5.85 | 5.55 | 5.99 | 7.25 | 7.86 | 7.02 | 6.79 | 6.85 | 8.21 | 9.12 | 8.72 | 7.61 | 14.39 | 17.59 |
High Achievement: The Company' share price has been doubled during last three months.
Q& A
Thank you
| Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |