Saurashtra Cement Ltd
Incorporated in 1956, Saurashtra Cement is in the business of manufacturing and selling of Cement and Paints[1]
- Market Cap ₹ 534 Cr.
- Current Price ₹ 48.0
- High / Low ₹ 99.8 / 44.2
- Stock P/E 56.0
- Book Value ₹ 86.5
- Dividend Yield 0.00 %
- ROCE 2.50 %
- ROE 2.29 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.56 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 3.13% over last 3 years.
- Earnings include an other income of Rs.15.6 Cr.
* 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 Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 563 | 530 | 470 | 574 | 622 | 608 | 674 | 1,451 | 1,645 | 1,765 | 1,538 | 1,666 | 1,690 | |
| Sales growth | +6% | -6% | -11% | +22% | +8% | -2% | +11% | +115% | +13% | +7% | -13% | +8% | +2% |
| 473 | 466 | 440 | 523 | 617 | 498 | 559 | 1,387 | 1,639 | 1,635 | 1,493 | 1,614 | 1,653 | |
| Operating Profit | 90 | 64 | 30 | 51 | 5 | 110 | 115 | 64 | 6 | 130 | 44 | 52 | 37 |
| OPM % | 16% | 12% | 6% | 9% | 0.8% | 18% | 17% | 4.4% | 0.4% | 7% | 2.9% | 3.1% | 2.2% |
| 38 | 23 | 10 | 17 | 11 | -8 | 12 | 15 | 12 | 16 | 26 | 9 | 16 | |
| Interest | 13 | 5 | 4 | 3 | 5 | 5 | 4 | 9 | 9 | 8 | 14 | 10 | 11 |
| Depreciation | 35 | 13 | 15 | 18 | 18 | 20 | 20 | 33 | 39 | 47 | 42 | 44 | 44 |
| Profit before tax | 79 | 69 | 21 | 46 | -7 | 77 | 103 | 36 | -29 | 90 | 14 | 7 | -3 |
| Tax % | 15% | 36% | 34% | -34% | -28% | 27% | 29% | 40% | -24% | 37% | 50% | -121% | |
| 68 | 44 | 14 | 63 | -5 | 57 | 72 | 21 | -22 | 57 | 7 | 14 | 9 | |
| EPS in Rs | 13.21 | 6.33 | 2.03 | 9.03 | -0.70 | 8.14 | 10.37 | 3.05 | -3.15 | 5.15 | 0.63 | 1.30 | 0.84 |
| Dividend Payout % | 0% | 14% | 49% | 11% | 0% | 21% | 17% | 0% | 0% | 39% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 20% |
| 3 Years: | 0% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -21% |
| 3 Years: | 44% |
| TTM: | -67% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -8% |
| 3 Years: | -16% |
| 1 Year: | -51% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 51 | 60 | 69 | 69 | 69 | 70 | 70 | 57 | 57 | 111 | 111 | 111 | 111 |
| Reserves | 180 | 207 | 292 | 347 | 340 | 383 | 454 | 847 | 825 | 817 | 836 | 850 | 851 |
| 19 | 19 | 17 | 17 | 32 | 31 | 22 | 104 | 66 | 85 | 136 | 107 | 163 | |
| 155 | 129 | 174 | 142 | 157 | 182 | 181 | 388 | 409 | 558 | 520 | 519 | 499 | |
| Total Liabilities | 406 | 415 | 553 | 575 | 598 | 665 | 727 | 1,396 | 1,357 | 1,571 | 1,603 | 1,588 | 1,625 |
| 178 | 201 | 317 | 334 | 349 | 351 | 345 | 813 | 831 | 872 | 932 | 908 | 902 | |
| CWIP | 53 | 40 | 48 | 43 | 37 | 38 | 61 | 78 | 51 | 31 | 31 | 37 | 30 |
| Investments | 19 | 19 | 9 | 6 | 5 | 4 | 8 | 0 | 0 | 1 | 1 | 1 | 59 |
| 157 | 155 | 178 | 192 | 207 | 273 | 313 | 505 | 475 | 667 | 640 | 641 | 634 | |
| Total Assets | 406 | 415 | 553 | 575 | 598 | 665 | 727 | 1,396 | 1,357 | 1,571 | 1,603 | 1,588 | 1,625 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 80 | 76 | 34 | 49 | 14 | 63 | 134 | -8 | 21 | 155 | 30 | 36 | |
| 18 | -24 | -25 | -37 | -15 | -38 | -121 | -30 | 32 | -157 | -5 | 19 | |
| -100 | -65 | -7 | -12 | 3 | -23 | -17 | 31 | -49 | 3 | 27 | -37 | |
| Net Cash Flow | -2 | -12 | 2 | 0 | 2 | 1 | -4 | -7 | 5 | 1 | 52 | 18 |
| Free Cash Flow | 96 | 52 | 4 | 19 | -17 | 39 | 95 | -53 | -17 | 88 | -54 | 8 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 111% | 139% | 145% | 116% | 356% | 70% | 130% | 4% | 388% | 125% | 91% | 81% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 10 | 11 | 12 | 9 | 21 | 16 | 15 | 17 | 18 | 24 | 22 |
| Inventory Days | 748 | 305 | 848 | 690 | 703 | 495 | 451 | 575 | 615 | 402 | ||
| Days Payable | 441 | 173 | 736 | 639 | 568 | 327 | 269 | 448 | 492 | 327 | ||
| Cash Conversion Cycle | 320 | 142 | 123 | 63 | 144 | 21 | 184 | 15 | 200 | 146 | 147 | 98 |
| Working Capital Days | -23 | -35 | -47 | -31 | -42 | -27 | -37 | -29 | -23 | -30 | -36 | -29 |
| ROCE % | 23% | 24% | 8% | 12% | -1% | 21% | 21% | 6% | -2% | 12% | 2% | 2% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Permanent Employees Count |
|
||||||||||
| Cement & Clinker Sales Volume Million Tonnes |
|||||||||||
| Cement Production Volume Million Tonnes |
|||||||||||
| Clinker Production Volume Million Tonnes |
|||||||||||
| Paint Division Revenue Lakhs INR |
|||||||||||
| Renewable Power Share % |
|||||||||||
| Cement Capacity Utilization % |
|||||||||||
| Clinker Capacity Utilization % |
|||||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement Under Regulation 30 (LODR)
- Saurashtra Cement received GST show cause notice for FY23 demand of Rs. 1.91 crore on royalty-related charges.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Pursuant to Regulation 47(1) and Regulation 30 read with Para A, Part A of Schedule III of the SEBI(LODR) Regulations, 2015 please find attached herewith …
-
Outcome Of The Board Meeting Held On Wednesday 4Th November 2026 And Submission Of Unaudited Financial Results For The Second Quarter And Half Year Ended 30Th September 2026 In Accordance With The SEBI(LODR) Regulations 2015
- Board approved unaudited Q2/H1 FY2026-27 results on 4 Nov 2026; standalone loss ₹59 lakh, consolidated profit ₹45 lakh.
- Result For Second Quarter And Six Months Ended 30.09.2026
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On Wednesday 4Th November 2026 And Submission Of Unaudited Financial Results For The Second Quarter And Half Year Ended 30Th September 2026 As Per SEBI (LODR) Regulations 2015
- Board approved unaudited standalone and consolidated Q2/H1 FY2026 results on 4 November 2026.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
-
Annual Report 2015
from bse
-
Annual Report 2014
from bse
-
Annual Report 2013
from bse
-
Annual Report 2012
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