Saurashtra Cement Ltd

₹ 89.2 -1.85%

30 May - close price

mehtagroup.com BSE: 502175 NSE: SAURASHCEM

About

Incorporated in 1956, Saurashtra Cement is in the business of manufacturing and selling of Cement and Paints^[1]

Key Points

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

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Market Cap ₹ 993 Cr.
Current Price ₹ 89.2
High / Low ₹ 149 / 73.5
Stock P/E 395
Book Value ₹ 85.2
Dividend Yield 2.24 %
ROCE 1.78 %
ROE 0.27 %
Face Value ₹ 10.0

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Pros

Stock is trading at 1.05 times its book value

Cons

Company has low interest coverage ratio.
Company has a low return on equity of 1.87% over last 3 years.
Earnings include an other income of Rs.26.3 Cr.
Dividend payout has been low at 13.0% of profits over last 3 years
Promoter holding has decreased over last 3 years: -5.95%

* 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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	430	403	329	442	471	446	375	447	497	386	296	378	478
	427	388	375	435	442	415	364	404	453	363	336	370	425
Operating Profit	3	15	-47	8	30	31	11	43	45	23	-40	8	53
OPM %	1%	4%	-14%	2%	6%	7%	3%	10%	9%	6%	-13%	2%	11%
	3	3	3	4	3	-1	3	-11	25	5	4	3	14
Interest	2	2	3	3	2	2	2	2	2	3	4	4	2
Depreciation	8	9	10	10	10	10	10	10	17	10	10	11	11
Profit before tax	-5	6	-57	-1	21	19	1	20	51	15	-50	-3	53
Tax %	-6%	32%	-33%	440%	33%	35%	-1%	37%	38%	33%	-37%	31%	38%
	-4	4	-38	-3	14	12	1	13	32	10	-32	-4	33
EPS in Rs	-0.60	0.63	-5.41	-0.41	2.04	1.10	0.07	1.13	2.85	0.88	-2.84	-0.40	2.98
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	531	563	530	470	574	622	608	674	1,451	1,645	1,765	1,538
	471	473	466	440	523	617	498	559	1,387	1,639	1,635	1,494
Operating Profit	61	90	64	30	51	5	110	115	64	6	130	44
OPM %	11%	16%	12%	6%	9%	1%	18%	17%	4%	0%	7%	3%
	2	38	23	10	17	11	-8	12	15	12	16	26
Interest	16	13	5	4	3	5	5	4	9	9	8	14
Depreciation	26	35	13	15	18	18	20	20	33	39	47	42
Profit before tax	21	79	69	21	46	-7	77	103	36	-29	90	14
Tax %	0%	15%	36%	34%	-34%	-28%	27%	29%	40%	-24%	37%	50%
	21	68	44	14	63	-5	57	72	21	-22	57	7
EPS in Rs	4.03	13.21	6.33	2.03	9.03	-0.70	8.14	10.37	3.05	-3.15	5.15	0.63
Dividend Payout %	0%	0%	14%	49%	11%	0%	21%	17%	0%	0%	39%	0%

Compounded Sales Growth
10 Years:	11%
5 Years:	20%
3 Years:	2%
TTM:	-13%

Compounded Profit Growth
10 Years:	-25%
5 Years:	-48%
3 Years:	-51%
TTM:	-96%

Stock Price CAGR
10 Years:	9%
5 Years:	17%
3 Years:	14%
1 Year:	-21%

Return on Equity
10 Years:	6%
5 Years:	4%
3 Years:	2%
Last Year:	0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	57	57	111	111
Reserves	112	180	207	292	347	340	383	454	847	825	817	836
	126	19	19	17	17	32	31	22	104	66	85	136
	124	155	129	174	142	157	182	181	388	409	558	520
Total Liabilities	413	406	415	553	575	598	665	727	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	30
Investments	19	19	19	9	6	5	4	8	0	0	1	1
	146	157	155	178	192	207	273	313	505	475	667	640
Total Assets	413	406	415	553	575	598	665	727	1,396	1,357	1,571	1,603

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	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	80	76	34	49	14	63	134	-8	21	155	30
	-2	18	-24	-25	-37	-15	-38	-121	-30	32	-157	-5
	-82	-100	-65	-7	-12	3	-23	-17	31	-49	3	27
Net Cash Flow	-1	-2	-12	2	0	2	1	-4	-7	5	1	52

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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		495		451	575	340
Days Payable	159	441	173	736	639	568		327		269	448	272
Cash Conversion Cycle	112	320	142	123	63	144	21	184	15	200	146	92
Working Capital Days	-64	-20	-23	-35	-23	-27	-15	-28	-6	-10	-15	-12
ROCE %	13%	23%	24%	8%	12%	-1%	21%	21%	6%	-2%	12%	2%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	72.51%	72.50%	72.49%	72.46%	67.17%	67.14%	67.09%	66.95%	66.88%	66.83%	66.78%	66.71%
	0.00%	3.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.03%	0.01%	0.04%
	0.46%	0.45%	0.30%	0.19%	0.12%	0.27%	0.37%	0.37%	0.37%	0.36%	0.36%	0.36%
	27.03%	23.52%	27.20%	27.33%	32.71%	32.58%	32.55%	32.68%	32.73%	32.78%	32.83%	32.87%
No. of Shareholders	16,435	16,089	15,665	15,378	61,568	59,010	53,979	52,990	55,301	53,975	53,315	52,960

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	73.83%	73.83%	73.68%	73.48%	73.16%	72.65%	72.46%	66.95%	66.71%
	0.07%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%
	1.29%	0.90%	0.89%	0.89%	0.89%	0.46%	0.19%	0.37%	0.36%
	24.81%	25.20%	25.43%	25.63%	25.95%	26.89%	27.33%	32.68%	32.87%
No. of Shareholders	11,470	12,535	12,188	11,751	12,328	16,533	15,378	52,990	52,960

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Saurashtra Cement Ltd

Saurashtra Cement Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

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