Why is Dewan Cement Ltd. ?
1
Poor Management Efficiency with a low ROE of 0%
- The company has reported losses. Due to this company has reported negative ROE
2
Low ability to service debt as the company has a high Debt to EBITDA ratio of 0.90 times
- Poor long term growth as Operating profit has grown by an annual rate 11.49% of over the last 5 years
- Low ability to service debt as the company has a high Debt to EBITDA ratio of 0.90 times
- The company has reported losses. Due to this company has reported negative ROE
3
Poor long term growth as Operating profit has grown by an annual rate 11.49% of over the last 5 years
4
Flat results in Mar 25
- CASH AND EQV(HY) Lowest at PKR 108.36 MM
- INVENTORY TURNOVER RATIO(HY) Lowest at 7.69%
- DEBTORS TURNOVER RATIO(HY) Lowest at 21.31%
5
Risky - Negative Operating Profits
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of 0%, its profits have risen by 44.8%
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Building Products)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Dewan Cement Ltd. for you?
High Risk, Medium Return
Absolute
Risk Adjusted
Volatility
Dewan Cement Ltd.
-100.0%
1.28
52.99%
Pakistan KSE 100 Share
60.28%
2.81
22.77%
Quality key factors
Factor
Value
Sales Growth (5y)
40.48%
EBIT Growth (5y)
14.22%
EBIT to Interest (avg)
-24.57
Debt to EBITDA (avg)
0.90
Net Debt to Equity (avg)
0.02
Sales to Capital Employed (avg)
0.77
Tax Ratio
38.73%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
0.34%
ROE (avg)
0
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
0.28
EV to EBIT
51.46
EV to EBITDA
5.86
EV to Capital Employed
0.34
EV to Sales
0.42
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
0.65%
ROE (Latest)
-3.95%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
Bullish
Bollinger Bands
Sideways
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
Bullish
Bullish
Technical Movement
7What is working for the Company
NET PROFIT(HY)
Higher at PKR -76.07 MM
RAW MATERIAL COST(Y)
Fallen by -249.27% (YoY
NET SALES(Q)
Highest at PKR 5,752.92 MM
OPERATING PROFIT(Q)
Highest at PKR 293.6 MM
OPERATING PROFIT MARGIN(Q)
Highest at 5.1 %
-3What is not working for the Company
CASH AND EQV(HY)
Lowest at PKR 108.36 MM
INVENTORY TURNOVER RATIO(HY)
Lowest at 7.69%
DEBTORS TURNOVER RATIO(HY)
Lowest at 21.31%
Here's what is working for Dewan Cement Ltd.
Net Profit
Higher at PKR -76.07 MM
than preceding 12 month period ended Mar 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (PKR MM)
Net Sales
Highest at PKR 5,752.92 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (PKR MM)
Operating Profit
Highest at PKR 293.6 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (PKR MM)
Operating Profit Margin
Highest at 5.1 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Raw Material Cost
Fallen by -249.27% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
At PKR 384.61 MM has Grown at 31.29%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (PKR MM)
Here's what is not working for Dewan Cement Ltd.
Cash and Eqv
Lowest at PKR 108.36 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents
Inventory Turnover Ratio
Lowest at 7.69%
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Debtors Turnover Ratio
Lowest at 21.31%
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio






