Shiva Cement Ltd

₹ 13.2 3.86%

06 Oct - close price

shivacement.com BSE: 532323 NSE: SHIVACEM

About

Incorporated in 1985, Shiva Cements
Ltd manufactures and sells cement,
clinker and trading of allied product^[1]

Key Points

Business Overview:^[1]
Shiva Cement Ltd. is part of the JSW Group since 2022, manufactures Portland Slag Cement (PSC), Portland Pozzolana Cement (PPC), and Portland Composite Cement (PCC). The Company operates an integrated clinkerisation plant, cement grinding unit, waste heat recovery power plant, and captive limestone mines, primarily serving eastern India.

Website BSE NSE

Market Cap ₹ 388 Cr.
Current Price ₹ 13.2
High / Low ₹ 29.8 / 11.8
Stock P/E
Book Value ₹ -2.26
Dividend Yield 0.00 %
ROCE -1.43 %
ROE %
Face Value ₹ 2.00

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Pros

Company is expected to give good quarter

Cons

Company has low interest coverage ratio.

* 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

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0	104	98	145	97	51	58	106	106	82	126	121	151
	3	93	93	120	88	59	66	110	108	78	125	111	133
Operating Profit	-3	12	5	25	9	-9	-8	-3	-2	4	1	11	19
OPM %		11%	5%	17%	9%	-17%	-14%	-3.1%	-1.9%	4.9%	0.6%	9%	12%
	0	1	1	1	1	1	3	1	1	1	-0	1	1
Interest	2	31	38	30	28	26	31	30	30	31	35	35	35
Depreciation	2	8	11	10	11	12	10	10	10	10	11	11	11
Profit before tax	-6	-26	-44	-15	-29	-45	-46	-42	-41	-36	-45	-34	-26
Tax %	-26%	-26%	-26%	-23%	-26%	-26%	-25%	27%	-26%	-10%	-24%	-15%	-19%
	-5	-19	-32	-12	-22	-34	-34	-53	-30	-33	-34	-29	-21
EPS in Rs	-0.16	-0.66	-1.10	-0.40	-0.73	-1.14	-1.15	-1.80	-1.03	-1.11	-1.15	-0.97	-0.72
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Profit & Loss

Figures in Rs. Crores

	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
	66	68	22	25	29	32	28	3	0	347	311	435	481
	57	58	28	34	36	39	38	13	13	308	317	422	447
Operating Profit	10	9	-6	-8	-7	-7	-9	-9	-13	39	-6	14	34
OPM %	15%	14%	-26%	-33%	-24%	-21%	-33%	-261%	-131,100%	11%	-2.0%	3.1%	7%
	0	0	-11	-10	0	-1	3	-10	-24	2	2	4	3
Interest	3	4	8	14	15	15	15	9	13	101	115	131	136
Depreciation	4	5	6	8	8	8	8	7	59	31	42	42	43
Profit before tax	3	1	-30	-40	-29	-31	-29	-35	-109	-92	-162	-156	-141
Tax %	9%	100%	-32%	-22%	-27%	-25%	-25%	-26%	-26%	-25%	-12%	-19%
	2	0	-20	-31	-21	-23	-22	-26	-80	-68	-142	-126	-117
EPS in Rs	0.09	0.00	-0.69	-1.05	-0.72	-0.77	-0.74	-0.87	-2.73	-2.32	-4.83	-4.26	-3.95
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	20%
5 Years:	73%
3 Years:	3417%
TTM:	50%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	24%

Stock Price CAGR
10 Years:	6%
5 Years:	-17%
3 Years:	-34%
1 Year:	-52%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	40	40	39	39	39	39	39	39	39	39	59	59
Reserves	60	61	43	12	-9	-33	-56	-82	-162	-231	-0	-126
	45	48	76	130	138	155	247	802	1,334	1,468	1,460	1,740
	26	35	28	24	35	50	73	139	180	265	183	242
Total Liabilities	170	183	186	204	202	211	302	898	1,392	1,542	1,701	1,915
	111	118	153	147	142	135	128	112	35	1,034	1,126	1,206
CWIP	7	7	0	1	1	6	31	464	905	138	113	35
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	53	58	33	57	59	71	143	323	451	370	463	675
Total Assets	170	183	186	204	202	211	302	898	1,392	1,542	1,701	1,915

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	9	14	35	-59	-5	-11	-4	-113	-110	253	-56	85
	-17	-12	-40	-11	-3	-6	-75	-362	-342	-254	-210	-232
	8	-2	6	70	8	17	86	479	448	8	261	146
Net Cash Flow	-0	-0	0	0	0	-0	7	4	-3	7	-5	-1
Free Cash Flow	-8	2	-6	-71	-8	-18	-84	-475	-459	-1	-268	-151
CFO/OP	98%	153%	-615%	714%	70%	162%	47%	1,249%	833%	651%	887%	636%

Ratios

	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	82	83	21	61	37	16	24	3	291,635	0	1	0
Inventory Days	143	138	299	782	303	494	511	1,550	24,546	226	288	232
Days Payable	36	28	240	480	179	279	327	697	41,230	294	434	324
Cash Conversion Cycle	190	192	79	362	160	232	208	856	274,951	-67	-145	-93
Working Capital Days	47	28	-941	47	-1,697	-1,880	-636	-4,320	-4,252,980	-158	-124	-302
ROCE %	5%	3%	-7%	-9%	-8%	-9%	-7%	-2%	-7%	1%	-3%	-1%

Insights

In beta

Mar 2016

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Clinker Installed Capacity
MTPA

	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx				x.xx
	x.xx	x.xx	x.xx	x.xx			x.xx	x.xx	xx.xx
				xx.xx	x.xx	xx.xx	xx.xx		xx.xx
	xx,xxx	xx,xxx	xx,xxx	xx,xxx
				xx.xx	xx.xx	xxx.xx	xxx.xx
							x.xx	x.xx	xx.xx
							x.xx	x.xx	x.xx

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Cement Grinding Installed Capacity
MTPA

Clinker Production Volume
lakh MT

Clinker Plant Utilization
%

Cement Production Volume
MT

Limestone Mine Reserves
MMT

Clinker Sales Volume
lakh MT

WHRS Capacity
MW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	59.59%	59.59%	59.59%	66.44%	66.44%	66.44%	66.44%	66.44%	66.44%	66.44%	66.50%	66.50%
	0.00%	0.10%	0.10%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%
	0.10%	0.10%	0.10%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%
	40.31%	40.20%	40.21%	33.37%	33.36%	33.36%	33.37%	33.37%	33.37%	33.36%	33.31%	33.31%
No. of Shareholders	46,436	47,747	50,354	55,596	57,498	57,781	57,597	57,241	56,800	56,064	55,238	54,974

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	0.01%	54.44%	54.44%	54.44%	59.32%	59.59%	59.59%	59.59%	66.44%	66.50%	66.50%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	0.00%	0.10%	0.11%	0.11%	0.11%
	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.10%	0.10%	0.07%	0.07%	0.07%
	99.89%	45.45%	45.45%	45.45%	40.58%	40.04%	40.32%	40.21%	33.37%	33.31%	33.31%
No. of Shareholders	35,449	47,612	46,764	44,464	45,682	46,097	47,063	50,354	57,597	55,238	54,974

* 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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Shiva Cement Ltd

Shiva Cement Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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