Saurashtra Cement Limited

NSE: SAURASHCEMCement & Cement Products

Share price

₹49.25

-0.87% close of 9 Oct 2026

Market cap ₹547 CrP/E 34.1

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹547 Cr

P/E ratio

34.1

P/B ratio

0.6

ROCE

2.5%

ROE

2.3%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹105.6652-week low ₹48.22

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 7.9% over the past year, and 8.0% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 1.5% to 2.0% over the last four years.

Whether it grew faster than its sector

It grew 8.0% a year against a sector median of 8.5% — 0.4 percentage points slower.

Room to re-rate, or risk of de-rating

At 34.4× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 27.6×, across 5 companies. It is against its own five-year median of 27.0×, the 79th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.8 times its growth rate, on earnings growth of 45%.

	Profit growth	Price per ₹1 profit	Per 1% growth
Saurashtra Cement Limited — this one	45%/yr	34.4×	₹0.76
JK Cement	33%/yr	39.1×	₹1.2
Dalmia Bharat	-1%/yr	27.6×	—
ACC Limited	31%/yr	11.2×	₹0.36
The Ramco Cements	-54%/yr	102.8×	—
JSW Cement Limited	68%/yr	19.2×	₹0.28

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Cement & Cement Products), it ranks 24 of 34 on returns, 17 of 31 on growth, 31 of 34 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 2.5% on capital, ahead of 29% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹234 crore of cash from the business but spent ₹262 crore on plant and equipment, ₹28 crore more than it made, paid from its own cash and investments. And the profit is real: of every 100 rupees it reported over 12 years, about 174 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 6 Aug 2026 · Consolidated · Unaudited

Revenue

₹457 Cr

Revenue vs last year

+7.8%

Revenue vs last quarter

+2.3%

Net profit

₹9 Cr

Profit vs last year

-45.8%

Profit vs last quarter

-51.5%

Net margin

2.0%

EPS

₹0.82

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap: ₹547 Cr
Prev close: ₹49.25
52w High: ₹107
52w Low: ₹47.7
Enterprise value: ₹430 Cr
Beta: 1.3
Price CAGR 1y: -52.0%
Price CAGR 3y: -16.0%
Price CAGR 5y: -12.0%
Price CAGR 10y: -4.0%

Ratios

Return on assets: 0.9%
PEG ratio: 0.8
P/E ratio: 34.1
P/B ratio: 0.6
EV / EBITDA: 11.2
Industry P/E: 27.3
ROCE: 2.5%
ROCE 5y average: 4.2%
ROE: 2.3%
Debt / Equity: 0.1
Interest coverage: 1.7
Dividend yield: 0.0%
ROE 3y average: 3.0%
ROE last year: 2.0%

Annual P&L

Annual revenue: ₹1,666 Cr
Annual profit: ₹14 Cr
Operating margin: 3.2%
Net profit margin: 0.8%
EBITDA margin: 3.2%
Sales growth 3y: 0.4%
Sales growth 5y: 19.8%
Profit growth 3y: 45.0%
Profit growth 5y: -21.0%
EPS: ₹1.3
Sales growth TTM: 8.0%
Profit growth TTM: 91.0%
Dividend payout: 0.0%

Quarter P&L

Sales latest quarter: ₹457 Cr
Profit latest quarter: ₹9 Cr
YoY quarterly sales growth: 7.8%
YoY quarterly profit growth: -45.8%
OPM latest quarter: 4.5%

Balance Sheet

Book Value: ₹86.6
Face Value: ₹10.0
Total debt: ₹107 Cr
Total cash: ₹224 Cr
Borrowings: ₹107 Cr
Reserves / Equity: 7.7

Cash Flow

Operating cash flow: ₹36 Cr
Free cash flow: ₹8 Cr
FCF yield: -0.3%
Net cash flow: ₹18 Cr

Shareholding

Promoter holding: 66.6%
FII holding: 0.1%
DII holding: 0.1%
Public holding: 33.2%

Peer comparison

Company	Price ₹	P/E	Mkt cap ₹ Cr	Div yield %	Profit qtr ₹ Cr	Profit var %	Sales qtr ₹ Cr	Sales var %	ROCE %
UltraTech Cem.	10,540.85	36.0	3,10,617	2.26	2,603.7	15.8	24,648.2	15.8	12.7
Grasim Inds	2,877.25	34.1	1,95,807	0.34	3,846.3	50.0	48,716.2	21.4	8.0
Ambuja Cements	347.95	18.4	86,459	0.56	660.0	-29.8	9,500.0	-7.7	5.6
Shree Cement	21,480.00	47.5	77,501	0.69	531.1	-17.7	6,233.1	18.0	10.3
J K Cements	4,968.00	39.3	38,387	0.40	274.6	-14.5	4,031.7	20.3	15.1
Dalmia BharatLtd	1,590.00	27.2	29,823	0.55	192.0	-15.3	3,890.0	7.0	7.6
ACC	1,140.00	11.2	21,408	0.65	147.0	-56.3	5,808.0	-4.6	11.3
Saurashtra Cem.	49.74	34.5	554	0.00	9.1	-45.8	456.8	7.8	2.5
Median	157.62	27.2	2,742	0.33	40.6	-22.7	742.7	9.5	7.0

Competes with: ACC Limited, Ambuja Cements, Dalmia Bharat, Grasim Industries Limited, JK Cement, Shree Cement, UltraTech Cement

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026

Line item	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
Sales	446	375	447	497	386	296	378	478	424	386	410	447	457
Expenses	415	364	404	453	363	336	370	425	389	395	409	420	436
Material Cost								72	79	75	81	84	88
Change in Inventories								26	-7.33	3.02	15	-3.33	22
Purchases of Stock-in-Trade								2.95	3.23	3.51	5.47	4.61	6.63
Employee Cost								31	30	35	28	27	28
Other Expenses								293	284	279	280	308	291
Operating Profit	31	11	43	45	23	-40	7.79	53	35	-9.73	0.94	26	21
OPM %	6.99	2.82	9.66	9.04	5.99	-13	2.06	11	8.22	-2.52	0.23	5.93	4.54
Other Income	-0.87	2.64	-11	25	5.14	4.38	3.27	13	5.09	4.77	-1.93	0.56	5.26
Exceptional items (within Other Income)								8.98	0	0	-6.56	-3.56	0
Interest	1.72	2.36	1.93	2.09	3.23	4.46	3.79	2.14	2.62	2.16	3.22	2.17	2.95
Depreciation	9.82	10	10	17	10	10	11	11	11	10	11	12	11
Profit before tax	19	0.70	20	51	15	-50	-3.28	53	27	-18	-15	13	12
Tax %	35	-4.29	37	38	33	-37	33	38	37	-37	-32	-48	24
Net Profit	12	0.73	13	31	9.86	-31	-4.36	33	17	-11	-10	19	9.13
EPS in Rs	1.10	0.07	1.13	2.80	0.89	-2.83	-0.39	2.96	1.51	-0.99	-0.92	1.69	0.82
Diluted EPS in Rs								2.96	1.51	-0.99	-0.92	1.69	0.82

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026

Line item	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
Sales	563	530	470	574	622	608	674	1,451	1,645	1,765	1,538	1,666	1,699
Expenses	473	466	440	523	617	498	559	1,387	1,639	1,635	1,493	1,613	1,661
Material Cost											266	319
Change in Inventories											-5.72	6.92
Purchases of Stock-in-Trade											8.94	17
Employee Cost											120	119
Other Expenses											1,104	1,152
Operating Profit	90	64	30	50	5	110	115	64	7	130	45	53	38
OPM %	16	12	6	9	0.80	18	17	4.40	0.40	7	2.90	3.20	2.30
Other Income	38	23	10	17	11	-8	12	16	13	15	25	8	9
Exceptional items (within Other Income)											8.98	-10
Interest	13	5	4	3	5	5	4	9	9	8	14	10	10
Depreciation	35	13	15	18	18	20	20	33	39	47	42	44	45
Profit before tax	79	69	21	46	-7	77	102	37	-29	90	14	6.58	-8
Tax %	15	36	34	-34	-27	27	29	38	-24	37	50	-119
Net Profit	68	44	14	62	-5	57	72	23	-22	57	6.98	14	7
EPS in Rs	13	6.33	2.01	9.03	-0.71	8.13	10	3.29	-3.12	5.10	0.63	1.30	0.60
Diluted EPS in Rs											0.63	1.30
Dividend Payout %	0	14	50	11	0	22	17	0	0	39	0	0

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years: 12%
5 years: 20%
3 years: 0%
TTM: 8%

Compounded profit growth

10 years: -5%
5 years: -21%
3 years: 45%
TTM: 91%

Stock price CAGR

10 years: -4%
5 years: -12%
3 years: -16%
1 year: -52%

Return on equity

10 years: 5%
5 years: 2%
3 years: 3%
Last year: 2%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated

Line item	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	51	60	69	69	69	70	70	111	111	111	111	111
Reserves	178	205	291	346	339	381	453	794	771	817	836	850
Borrowings	19	19	17	17	32	31	22	104	66	85	136	107
Other Liabilities	156	129	174	142	157	182	181	388	409	558	520	519
Total Liabilities	404	413	552	574	597	664	726	1,396	1,357	1,571	1,603	1,588
Fixed Assets	178	201	317	334	349	351	345	813	831	872	932	908
CWIP	53	40	48	43	37	38	61	78	51	31	31	37
Investments	15	15	6	6	5	4	8	0	0	0	0	0
Other Assets	159	157	181	191	206	271	312	505	475	667	641	642
Total Assets	404	413	552	574	597	664	726	1,396	1,357	1,571	1,603	1,588

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	78	72	34	49	15	63	134	-8	21	155	30	36
Cash from Investing Activity	18	-24	-25	-37	-16	-38	-121	-30	32	-157	-5	19
Cash from Financing Activity	-100	-65	-7	-12	3	-23	-17	31	-49	3	27	-37
Net Cash Flow	-4	-16	2	0	2	1	-4	-7	5	1	52	18
Free Cash Flow	94	48	4	19	-17	39	95	-53	-17	88	-54	8

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated

Line item	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		524		451	575	615	402
Days Payable	441	174	737	640	569		346		269	448	492	327
Cash Conversion Cycle	320	142	122	62	143	21	194	15	200	146	147	98
Working Capital Days	-23	-35	-46	-32	-42	-27	-38	-29	-23	-30	-36	-29
ROCE %	23	24	8	12	-1	21	21	6	-2	12	2	3

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026

Line item	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	67	67	67	67	67	67	67	67	67	67	67	67
FIIs	0	0	0	0.01	0.03	0.01	0.04	0.02	0.04	0.20	0.16	0.08
DIIs	0.27	0.37	0.37	0.37	0.36	0.36	0.36	0.12	0.12	0.12	0.12	0.12
Public	33	33	33	33	33	33	33	33	33	33	33	33
No. of Shareholders	59,010	53,979	52,990	55,301	53,975	53,315	52,960	52,552	50,661	49,854	49,335	49,179

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -53.3% (₹105.41 → ₹49.25)Brick size ₹2.15 (fixed)Bricks 54

Price moved up one brickPrice moved down one brickLast close ₹49.25 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-117inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Saurashtra Cement Limited. Open one to see why it matters.

29 Sept, 19:00 IST · Company event · low impact

We would like to inform you that Saurashtra Cement Limited ( the Company ), hasreceived a Show Cause Notice from the Office of the Deputy Commissioner of State Tax,Range -24, 3" floor, Jilla Seva Sadan-2, Jamnagar-361001 under Section 73 of Central Goods Services Tax Act ("CGST") Act and the Gujarat Goods and Services Tax ("GGST ) Act, 2017.The details as required under Regulation 30 of SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015 ( Listing Regulations ), read with Schedule III of theListing Regulations and in accordance with Industry Standards Note on Regulation 30 of the LODR Regulations read with SEBI Master Circular vide Ref.

26 Sept, 19:00 IST · Company event · low impact

We would like to inform you that Saurashtra Cement Limited ( the Company ), has received a Show Cause Notice from the Office of the Deputy Commissioner Of State Tax , MUM- NOD-E-1204 (Sakinaka_506) Nodal-12, Zone-IV, Mumbai under Section 73 of Central Goods Services Tax Act ("CGST ) Act 2017 and the Maharashtra Goods and Services Tax ("GGST") Act, 2017. The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ), read with Schedule III of the Listing Regulations and in accordance with Industry Standards Note on Regulation 30 of the LODR Regulations read with SEBI Master Circular vide Ref.

25 Sept, 16:30 IST · Company event · medium impact

Saurashtra Cement Limited — In continuation of our earlier intimation No. B/SCL/SE/SS/250/2026-27, the Board ofDirectors, at its meeting held on 6th August 2026, approved the resignation of Ms. SonaliSanas as Company Secretary & Compliance Officer in view of her transition to the role ofCEO - Paints Division.Further, Ms. Sonali Sanas continued as Company Secretary & Compliance Officer until24th September 2026. Accordingly, she ceases to hold the office of Company Secretary &Compliance Officer (Key Managerial Personnel) of the Company with effect from25th September 2026.You are requested to kindly take the above information on record.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

bauxite
coal
fly ash
limestone and marl
packing materials
petroleum coke
slag

Depends on the price of

cement
coal
diesel
fuel

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector: Construction Materials
Industry: Cement & Cement Products
Classification: Construction Materials › Cement & Cement Products
ISIN: INE626A01014

Business segments

Cement and Cement Related Products · 95%
Paints · 5%

Plants

Adityana Limestone and Marl Mines (with Ran Bauxite Mines and Bhetali Mines)
Gotan paint plant (Snowcem)
Gummidipoondi paint plant (Snowcem)
Prashnavada-Morasa Limestone Mines
Ranavav integrated cement plant
Sidheegram integrated cement plant
Sinnar paint plant (Snowcem)

News impact

Big market events that reach Saurashtra Cement Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

14 Aug 2024	unspecified	₹1

Splits, bonuses & buybacks

daily-prices repair: 4 rows from NSE's archive (replace 1, delete 0, insert 3), 2024-03-02..2026-02-01 (docs/flat_day_repair.md)1× · 2 Mar 2024
bse-history fill: 2016 BSE bars before cutoff, code 502175, seam residual 0.99981× · 27 Feb 2024

Insider trades

Disclosed	Who	Type	Shares	Value ₹ Cr
24 Sep 2026	MEHTA FAMILY TRUST · Promoter	BUY	1,62,15,400	0.00

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Annual report · 2025-2628 Aug 2026
Annual report · 2024-2531 Jul 2025

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.