Saurashtra Cement Ltd
Incorporated in 1956, Saurashtra Cement is in the business of manufacturing and selling of Cement and Paints[1]
- Market Cap ₹ 1,123 Cr.
- Current Price ₹ 101
- High / Low ₹ 129 / 73.5
- Stock P/E 134
- Book Value ₹ 85.2
- Dividend Yield 0.00 %
- ROCE 1.86 %
- ROE 0.23 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.19 times its book value
Cons
- Company has a low return on equity of 1.84% over last 3 years.
- Earnings include an other income of Rs.26.1 Cr.
- Dividend payout has been low at 13.1% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -5.81%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Construction Materials Cement & Cement Products Cement & Cement Products
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 531 | 563 | 530 | 470 | 574 | 622 | 608 | 674 | 1,451 | 1,645 | 1,765 | 1,538 | 1,575 | |
| 471 | 473 | 466 | 440 | 523 | 617 | 498 | 559 | 1,387 | 1,639 | 1,635 | 1,493 | 1,520 | |
| Operating Profit | 60 | 90 | 64 | 30 | 50 | 5 | 110 | 115 | 64 | 7 | 130 | 45 | 56 | 
| OPM % | 11% | 16% | 12% | 6% | 9% | 1% | 18% | 17% | 4% | 0% | 7% | 3% | 4% | 
| 3 | 38 | 23 | 10 | 17 | 11 | -8 | 12 | 16 | 13 | 15 | 25 | 26 | |
| Interest | 16 | 13 | 5 | 4 | 3 | 5 | 5 | 4 | 9 | 9 | 8 | 14 | 13 | 
| Depreciation | 26 | 35 | 13 | 15 | 18 | 18 | 20 | 20 | 33 | 39 | 47 | 42 | 43 | 
| Profit before tax | 21 | 79 | 69 | 21 | 46 | -7 | 77 | 102 | 37 | -29 | 90 | 14 | 26 | 
| Tax % | 0% | 15% | 36% | 34% | -34% | -27% | 27% | 29% | 38% | -24% | 37% | 50% | |
| 21 | 68 | 44 | 14 | 62 | -5 | 57 | 72 | 23 | -22 | 57 | 7 | 14 | |
| EPS in Rs | 4.08 | 13.21 | 6.33 | 2.01 | 9.03 | -0.71 | 8.13 | 10.35 | 3.29 | -3.12 | 5.10 | 0.63 | 1.25 | 
| Dividend Payout % | 0% | 0% | 14% | 50% | 11% | 0% | 22% | 17% | 0% | 0% | 39% | 0% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% | 
| 5 Years: | 20% | 
| 3 Years: | 2% | 
| TTM: | -8% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -26% | 
| 5 Years: | -50% | 
| 3 Years: | -54% | 
| TTM: | -87% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% | 
| 5 Years: | 17% | 
| 3 Years: | 18% | 
| 1 Year: | -16% | 
| Return on Equity | |
|---|---|
| 10 Years: | 6% | 
| 5 Years: | 4% | 
| 3 Years: | 2% | 
| Last Year: | 0% | 
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 51 | 51 | 60 | 69 | 69 | 69 | 70 | 70 | 111 | 57 | 111 | 111 | 
| Reserves | 111 | 178 | 205 | 291 | 346 | 339 | 381 | 453 | 794 | 825 | 817 | 836 | 
| 126 | 19 | 19 | 17 | 17 | 32 | 31 | 22 | 104 | 66 | 85 | 136 | |
| 124 | 156 | 129 | 174 | 142 | 157 | 182 | 181 | 388 | 409 | 558 | 520 | |
| Total Liabilities | 411 | 404 | 413 | 552 | 574 | 597 | 664 | 726 | 1,396 | 1,357 | 1,571 | 1,603 | 
| 189 | 178 | 201 | 317 | 334 | 349 | 351 | 345 | 813 | 831 | 872 | 932 | |
| CWIP | 59 | 53 | 40 | 48 | 43 | 37 | 38 | 61 | 78 | 51 | 31 | 31 | 
| Investments | 15 | 15 | 15 | 6 | 6 | 5 | 4 | 8 | 0 | 0 | 0 | 0 | 
| 148 | 159 | 157 | 181 | 191 | 206 | 271 | 312 | 505 | 475 | 667 | 641 | |
| Total Assets | 411 | 404 | 413 | 552 | 574 | 597 | 664 | 726 | 1,396 | 1,357 | 1,571 | 1,603 | 
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 83 | 78 | 72 | 34 | 49 | 15 | 63 | 134 | -8 | 21 | 155 | 30 | |
| -2 | 18 | -24 | -25 | -37 | -16 | -38 | -121 | -30 | 32 | -157 | -5 | |
| -82 | -100 | -65 | -7 | -12 | 3 | -23 | -17 | 31 | -49 | 3 | 27 | |
| Net Cash Flow | -1 | -4 | -16 | 2 | 0 | 2 | 1 | -4 | -7 | 5 | 1 | 52 | 
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11 | 13 | 10 | 11 | 12 | 9 | 21 | 16 | 15 | 17 | 18 | 24 | 
| Inventory Days | 260 | 748 | 305 | 848 | 690 | 703 | 524 | 451 | 575 | 615 | ||
| Days Payable | 159 | 441 | 174 | 737 | 640 | 569 | 346 | 269 | 448 | 492 | ||
| Cash Conversion Cycle | 112 | 320 | 142 | 122 | 62 | 143 | 21 | 194 | 15 | 200 | 146 | 147 | 
| Working Capital Days | -68 | -23 | -35 | -46 | -32 | -42 | -27 | -38 | -29 | -23 | -30 | -36 | 
| ROCE % | 13% | 23% | 24% | 8% | 12% | -1% | 21% | 21% | 6% | -2% | 12% | 2% | 
Documents
Announcements
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          Board Meeting Intimation for Consideration And Approval Of Un-Audited Financial Results For The Second Quarter & Half Year Ended  30Th September, 2025.
          
            27 Oct - Board meeting on 7 Nov 2025 to approve Q2/H1 unaudited results ended 30 Sep 2025; trading window reopens 10 Nov.
- 
        
          Disclosure Under Regulation 30 Read With Para B Of Part A Of Schedule III Of SEBI (LODR) Regulations, 2015
          
            25 Oct - Demand Order (25-Oct-2025): Rs.16.56 crore (Rs.7.74cr tax, Rs.8.82cr penalty) for ineligible ITC FY2018-19–2023-24.
- 
        
          Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
          
            13 Oct - RTA MUFG Intime confirms demat processing for quarter ended 30 Sep 2025; certificate dated 04 Oct 2025.
- 
        
          Disclosure Under Regulation 30 Read With Para B Of Part A Of Schedule III Of SEBI (LODR) Regulations, 2015
          
            1 Oct - Income-tax appellate order (30 Sep 2025) enhancing income by Rs.9,83,49,690; DDT credit Rs.1,11,34,286; appealable
- 
        
          Board Meeting Outcome for Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
          
            26 Sep - Jay Mahendra Mehta designated Non-Executive Chairman effective 26 Sep 2025; ceases as Executive Chairman.
Annual reports
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      Financial Year 2025
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      Financial Year 2024
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      Financial Year 2023
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      Financial Year 2022
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      Financial Year 2021
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      Financial Year 2020
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      Financial Year 2019
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      Financial Year 2018
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      Financial Year 2017
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      Financial Year 2016
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      Financial Year 2015
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      Financial Year 2014
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      Financial Year 2013
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      Financial Year 2012
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      Financial Year 2011
      from bse
Business Overview:[1]
SCL is a part of the Mehta Group. It is an ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified manufacturer of Portland Pozzolana Cement (PPC), Ordinary Portland Cement (OPC 53 grade), Portland Slag Cement (PSC) types of cement and clinker under the brand name
of Hathi and Sidhee. These products are distributed in bags, jumbo bags and loose by road, rail, and sea for customer's requirements in Gujarat, Maharashtra, Rajasthan, Madhya Pradesh and the West Coast of India. The company also has a paints division which markets under the brand name Snowcem Paints