Saurashtra Cement Ltd

₹ 66.5 -3.57%

13 Feb - 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

Website BSE NSE

Market Cap ₹ 740 Cr.
Current Price ₹ 66.5
High / Low ₹ 128 / 66.3
Stock P/E 25.1
Book Value ₹ 85.7
Dividend Yield 0.00 %
ROCE 1.86 %
ROE 0.23 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.78 times its book value

Cons

Company has a low return on equity of 1.84% over last 3 years.
Dividend payout has been low at 13.1% of profits over last 3 years
Promoter holding has decreased over last 3 years: -5.79%

* 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 Allcap BSE Commodities

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	442	471	446	375	447	497	386	296	378	478	424	386	410
	434	442	415	364	404	453	363	336	370	425	389	395	409
Operating Profit	8	30	31	11	43	45	23	-40	8	53	35	-10	1
OPM %	2%	6%	7%	3%	10%	9%	6%	-13%	2%	11%	8%	-3%	0%
	4	3	-1	3	-11	25	5	4	3	13	5	5	-2
Interest	3	2	2	2	2	2	3	4	4	2	3	2	3
Depreciation	10	10	10	10	10	17	10	10	11	11	11	10	11
Profit before tax	-0	21	19	1	20	50	15	-50	-3	53	27	-18	-15
Tax %	534%	33%	35%	-4%	37%	38%	33%	-37%	33%	38%	37%	-37%	-32%
	-3	14	12	1	13	31	10	-31	-4	33	17	-11	-10
EPS in Rs	-0.40	2.03	1.10	0.07	1.13	2.80	0.89	-2.83	-0.39	2.96	1.51	-0.99	-0.92
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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	1,697
	471	473	466	440	523	617	498	559	1,387	1,639	1,635	1,493	1,619
Operating Profit	60	90	64	30	50	5	110	115	64	7	130	45	79
OPM %	11%	16%	12%	6%	9%	1%	18%	17%	4%	0%	7%	3%	5%
	3	38	23	10	17	11	-8	12	16	13	15	25	21
Interest	16	13	5	4	3	5	5	4	9	9	8	14	10
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	47
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	28
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	2.56
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:	9%

Compounded Profit Growth
10 Years:	-26%
5 Years:	-50%
3 Years:	-54%
TTM:	472%

Stock Price CAGR
10 Years:	4%
5 Years:	2%
3 Years:	6%
1 Year:	-19%

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	Sep 2025
Equity Capital	51	51	60	69	69	69	70	70	111	57	111	111	111
Reserves	111	178	205	291	346	339	381	453	794	825	817	836	842
	126	19	19	17	17	32	31	22	104	66	85	136	66
	124	156	129	174	142	157	182	181	388	409	558	520	559
Total Liabilities	411	404	413	552	574	597	664	726	1,396	1,357	1,571	1,603	1,577
	189	178	201	317	334	349	351	345	813	831	872	932	929
CWIP	59	53	40	48	43	37	38	61	78	51	31	31	35
Investments	15	15	15	6	6	5	4	8	0	0	0	0	0
	148	159	157	181	191	206	271	312	505	475	667	641	614
Total Assets	411	404	413	552	574	597	664	726	1,396	1,357	1,571	1,603	1,577

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%

Shareholding Pattern

Numbers in percentages

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	72.46%	67.17%	67.14%	67.09%	66.95%	66.88%	66.83%	66.78%	66.71%	66.69%	66.69%	66.69%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.03%	0.01%	0.04%	0.02%	0.04%	0.20%
	0.19%	0.12%	0.27%	0.37%	0.37%	0.37%	0.36%	0.36%	0.36%	0.12%	0.12%	0.12%
	27.33%	32.71%	32.58%	32.55%	32.68%	32.73%	32.78%	32.83%	32.87%	33.15%	33.14%	32.98%
No. of Shareholders	15,378	61,568	59,010	53,979	52,990	55,301	53,975	53,315	52,960	52,552	50,661	49,854

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	73.83%	73.83%	73.68%	73.48%	73.16%	72.65%	72.46%	66.95%	66.71%	66.69%
	0.07%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.20%
	1.29%	0.90%	0.89%	0.89%	0.89%	0.46%	0.19%	0.37%	0.36%	0.12%
	24.81%	25.20%	25.43%	25.63%	25.95%	26.89%	27.33%	32.68%	32.87%	32.98%
No. of Shareholders	11,470	12,535	12,188	11,751	12,328	16,533	15,378	52,990	52,960	49,854

* 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

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Quarterly Results

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Shareholding Pattern

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