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Saurashtra Cement Overview

Saurashtra Cement Ltd is an primarily India-based agency, which is engaged within the manufacture of clinker and cement. The Company produces and sells especially cement of different varieties, such as Ordinary Portland Cement (OPC) and Portland Pozzolana Cement (PPC). The Company additionally sells small quantities of clinker, that is an intermediate product for the manufacture of cement. It's plant is in Gujarat. Its subsidiaries encompass Pranay Holdings Ltd, Prachit Holdings Ltd, Ria Holdings Ltd, Reeti Investments Pvt Ltd, Concorde Cement ...Read More

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Saurashtra Cement Key Financials

Market Cap ₹679 Cr.

Stock P/E 97.2

P/B 0.7

Current Price ₹61

Book Value ₹ 84.7

Face Value 10

52W High ₹128.4

Dividend Yield 0%

52W Low ₹ 48

Saurashtra Cement Share Price

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Volume
Price

Saurashtra Cement Quarterly Price

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Saurashtra Cement Peer Comparison

Saurashtra Cement Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 375 447 497 386 296 377 478 424 386 410
Other Income 3 4 25 5 4 3 4 5 5 5
Total Income 378 451 522 391 301 381 482 429 390 415
Total Expenditure 364 404 453 363 336 370 425 389 395 409
Operating Profit 14 47 70 28 -35 11 57 40 -5 6
Interest 2 2 2 3 4 4 2 3 2 3
Depreciation 10 10 17 10 10 11 11 11 10 11
Exceptional Income / Expenses -1 -15 0 0 0 0 9 0 0 -7
Profit Before Tax 1 20 50 15 -50 -3 53 27 -18 -15
Provision for Tax -0 7 19 5 -19 1 20 10 -7 -5
Profit After Tax 1 13 31 10 -31 -4 33 17 -11 -10
Adjustments -0 0 0 0 0 0 -0 0 0 0
Profit After Adjustments 1 13 31 10 -31 -4 33 17 -11 -10
Adjusted Earnings Per Share 0.1 1.1 2.8 0.9 -2.8 -0.4 3 1.5 -1 -0.9

Saurashtra Cement Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 563 530 470 574 622 608 674 1451 1645 1765 1538 1698
Other Income 8 13 11 18 8 8 12 16 13 36 17 19
Total Income 571 543 481 591 630 617 686 1467 1658 1801 1555 1716
Total Expenditure 474 467 441 524 617 499 559 1387 1639 1635 1494 1618
Operating Profit 97 76 40 68 13 118 127 80 19 165 61 98
Interest 13 5 4 3 5 5 4 9 9 8 14 10
Depreciation 35 13 15 18 18 20 20 33 39 47 42 43
Exceptional Income / Expenses 31 10 0 0 3 -16 0 0 0 -20 9 2
Profit Before Tax 79 69 21 46 -7 77 102 37 -29 90 14 47
Provision for Tax 12 25 7 -16 -2 21 30 14 -7 33 7 18
Profit After Tax 68 44 14 62 -5 57 72 23 -22 57 7 29
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 68 44 14 62 -5 57 72 23 -22 57 7 29
Adjusted Earnings Per Share 13.2 5.6 2 9 -0.7 8.1 10.4 4.1 -3.9 5.1 0.6 2.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -13% 2% 20% 11%
Operating Profit CAGR -63% -9% -12% -5%
PAT CAGR -88% -33% -34% -20%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -35% 2% -0% -0%
ROE Average 1% 2% 5% 10%
ROCE Average 3% 4% 8% 13%

Saurashtra Cement Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 236 265 360 416 408 451 523 904 882 928 947
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 1 2 3 4 6 5 11 5 10 33
Other Non-Current Liabilities 29 31 75 30 11 33 30 108 94 118 100
Total Current Liabilities 151 160 152 154 172 187 185 379 376 538 525
Total Liabilities 416 457 590 602 595 677 742 1403 1358 1594 1605
Fixed Assets 178 201 317 334 349 351 345 813 831 872 932
Other Non-Current Assets 101 83 109 84 65 81 94 118 176 80 65
Total Current Assets 137 173 163 185 181 245 303 472 351 641 609
Total Assets 416 457 590 602 595 677 742 1403 1358 1594 1605

Saurashtra Cement Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 23 20 3 6 6 8 8 10 3 8 9
Cash Flow from Operating Activities 78 72 34 49 15 63 134 -8 21 155 30
Cash Flow from Investing Activities 18 -24 -25 -37 -16 -38 -121 -30 32 -157 -5
Cash Flow from Financing Activities -100 -65 -7 -12 3 -23 -17 31 -49 3 27
Net Cash Inflow / Outflow -4 -16 2 0 2 1 -4 -7 5 1 52
Closing Cash & Cash Equivalent 20 3 6 6 8 8 4 3 8 9 60

Saurashtra Cement Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 13.21 5.58 2.01 9.03 -0.71 8.13 10.35 4.08 -3.88 5.1 0.63
CEPS(Rs) 20.02 9.39 4.23 11.59 1.93 10.96 13.22 9.93 2.98 9.34 4.43
DPS(Rs) 0 1 1 1 0 1.75 1.75 0 0 2 0
Book NAV/Share(Rs) 44.34 43.67 52.09 59.91 57.88 63.64 73.85 149.27 145.36 83.41 85.14
Core EBITDA Margin(%) 14.09 10.59 5.53 8.43 0.74 17.58 16.56 4.29 0.35 7.11 2.7
EBIT Margin(%) 14.71 12.42 4.67 8.42 -0.32 13.19 15.44 3.14 -1.17 5.37 1.71
Pre Tax Margin(%) 12.59 11.61 3.98 7.85 -1.07 12.44 14.81 2.52 -1.72 4.93 0.87
PAT Margin (%) 10.74 7.4 2.62 10.55 -0.77 9.09 10.45 1.56 -1.3 3.1 0.43
Cash Profit Margin (%) 16.28 9.54 5.52 13.55 2.11 12.26 13.34 3.79 1 5.68 3.04
ROA(%) 16.25 10.03 2.66 10.48 -0.82 8.88 10.18 2.15 -1.59 3.84 0.44
ROE(%) 35.02 17.88 4.46 16.12 -1.21 13.39 15.09 3.4 -2.63 6.47 0.75
ROCE(%) 34.89 27.84 7.51 12.31 -0.47 17.85 20.91 6.02 -2.03 10.01 2.64
Receivable days 10.3 10.31 9.83 10.31 9.98 14.73 16.71 10.87 14.88 16.65 21.25
Inventory Days 38.93 38.77 36.67 35.35 38.69 52.28 41.04 29.73 39.57 44.31 57.8
Payable days 388.27 310.79 577.64 635.33 524.15 8184.06 406.77 345.09 240.05 341.58 496.23
PER(x) 3.29 11.02 30.02 7.7 0 3.46 6.12 15.35 0 20.73 119.95
Price/Book(x) 0.98 1.41 1.16 1.16 0.82 0.44 0.86 0.42 0.34 1.27 0.88
Dividend Yield(%) 0 1.63 1.66 1.44 0 6.23 2.76 0 0 1.89 0
EV/Net Sales(x) 0.39 0.61 0.78 0.73 0.45 0.2 0.41 0.17 0.16 0.57 0.48
EV/Core EBITDA(x) 2.28 4.29 9.08 6.16 21.46 1.02 2.16 3.11 14.06 6.09 12.07
Net Sales Growth(%) 5.9 -5.87 -11.24 22.01 8.38 -2.17 10.77 115.36 13.4 7.29 -12.89
EBIT Growth(%) 148.49 -20.59 -66.3 101.19 -104.08 4129.44 30.27 -56.3 -142.47 593.84 -71.73
PAT Growth(%) 223.52 -35.22 -68.25 349.12 -107.88 1248.21 27.94 -68.03 -195.17 357.33 -87.66
EPS Growth(%) 223.51 -57.74 -63.99 349.12 -107.86 1245.3 27.39 -60.61 -195.06 231.52 -87.69
Debt/Equity(x) 0.05 0.07 0.05 0.04 0.08 0.06 0.04 0.12 0.08 0.09 0.14
Current Ratio(x) 0.91 1.08 1.07 1.2 1.05 1.31 1.64 1.24 0.93 1.19 1.16
Quick Ratio(x) 0.39 0.78 0.69 0.84 0.6 0.78 1.34 0.75 0.45 0.7 0.68
Interest Cover(x) 6.92 15.3 6.78 14.59 -0.43 17.54 24.43 5.06 -2.13 12.1 2.03
Total Debt/Mcap(x) 0.06 0.05 0.04 0.04 0.1 0.14 0.05 0.23 0.18 0.07 0.16

Saurashtra Cement Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 67.09 66.96 66.88 66.83 66.77 66.7 66.7 66.7 66.7 66.62
FII 0 0 0.01 0.03 0.01 0.04 0.02 0.04 0.2 0.16
DII 0.37 0.37 0.37 0.37 0.37 0.37 0.12 0.12 0.12 0.12
Public 32.54 32.67 32.73 32.77 32.84 32.88 33.16 33.15 32.98 33.1
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Saurashtra Cement News

Saurashtra Cement Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 2% over the last 3 years.
  • Debtor days have increased from 341.58 to 496.23days.
  • The company has delivered a poor profit growth of -34% over past five years.
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