SAGCEM

Sagar Cements Limited

Cement manufacturer with 10.50 MTPA capacity across six plants

Commodities›Construction Materials›Cement & Cement Products›Cement & Cement Products

sagarcements.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹136.02
Market cap
1,778 Cr
Stock P/E
Loss (TTM EPS ₹-2.78)
P/B
1.05
Dividend yield
0.5%
ROE (FY26)
-0.6%
ROCE (FY26)
2.1%
Operating margin (FY26)
2.0%
Debt / equity (FY26)
1.01
OCF / EBITDA (FY26)
73.8%
OCF / EBITDA (3Y)
125.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Sagar Cements makes and sells cement in India from six plants, with installed capacity of 10.5 million tonnes a year (March 2026).

Company snapshot

20thBy market cap

Ranked among 32 companies in Cement & Cement Products.

Segment mix

Reportable segments as of 2023-03-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 100.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Cement
100.0%
622 Cr178 Cr3,823 Cr
Power—0 Cr0 Cr0 Cr

What we see

Positives
  • ✓125% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales587 Cr669 Cr709 Cr561 Cr475 Cr564 Cr658 Cr671 Cr602 Cr591 Cr787 Cr706 Cr
Operating expenses (approx.)527 Cr582 Cr641 Cr514 Cr455 Cr526 Cr621 Cr549 Cr551 Cr553 Cr705 Cr634 Cr
EBITDA60 Cr87 Cr68 Cr47 Cr20 Cr38 Cr37 Cr121 Cr51 Cr38 Cr82 Cr72 Cr
OPM %10.3%13.0%9.6%8.3%4.2%6.7%5.6%18.1%8.5%6.4%10.4%10.3%
Other income3 Cr4 Cr44 Cr8 Cr5 Cr5 Cr3 Cr4 Cr4 Cr2 Cr11 Cr2 Cr
Interest47 Cr49 Cr45 Cr46 Cr46 Cr48 Cr47 Cr47 Cr46 Cr50 Cr53 Cr52 Cr
Depreciation51 Cr56 Cr56 Cr56 Cr58 Cr59 Cr58 Cr55 Cr56 Cr63 Cr66 Cr59 Cr
Profit before tax-20 Cr-14 Cr10 Cr-48 Cr-79 Cr-64 Cr-93 Cr24 Cr-47 Cr-74 Cr-27 Cr-37 Cr
Tax %48.2%28.7%-12.5%32.3%28.1%15.2%21.1%68.7%5.0%13.2%475.8%23.2%
Net profit-11 Cr-10 Cr12 Cr-32 Cr-57 Cr-54 Cr-73 Cr7 Cr-44 Cr-64 Cr100 Cr-28 Cr
EPS (₹)₹-0.81₹-0.78₹0.89₹-2.46₹-4.36₹-4.17₹-5.59₹0.57₹-3.38₹-4.90₹7.65₹-2.15

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales942 Cr1,078 Cr1,218 Cr1,175 Cr1,371 Cr1,597 Cr2,230 Cr2,505 Cr2,258 Cr2,650 CrSign in free for the trailing twelve months
Operating expenses (approx.)831 Cr926 Cr1,068 Cr990 Cr971 Cr1,321 Cr2,076 Cr2,259 Cr2,117 Cr2,358 CrSign in free for the trailing twelve months
EBITDA110 Cr151 Cr149 Cr186 Cr400 Cr276 Cr153 Cr246 Cr141 Cr292 CrSign in free for the trailing twelve months
OPM %11.7%14.0%12.3%15.8%29.2%17.3%6.9%9.8%6.2%11.0%Sign in free for the trailing twelve months
Other income4 Cr7 Cr3 Cr4 Cr8 Cr13 Cr223 Cr54 Cr21 Cr22 CrSign in free for the trailing twelve months
Interest62 Cr59 Cr63 Cr61 Cr47 Cr92 Cr202 Cr185 Cr188 Cr197 CrSign in free for the trailing twelve months
Depreciation48 Cr54 Cr66 Cr79 Cr81 Cr93 Cr156 Cr214 Cr231 Cr240 CrSign in free for the trailing twelve months
Profit before tax4 Cr46 Cr23 Cr50 Cr281 Cr104 Cr18 Cr-84 Cr-284 Cr-123 CrSign in free for the trailing twelve months
Tax %192.9%42.5%41.4%46.6%34.0%43.1%54.0%38.1%23.6%99.4%Sign in free for the trailing twelve months
Net profit-4 Cr26 Cr14 Cr27 Cr186 Cr59 Cr9 Cr-52 Cr-217 Cr-0.73 CrSign in free for the trailing twelve months
EPS (₹)₹-2.19₹12.81₹6.66₹12.36₹80.24₹5.03₹0.66₹-3.98₹-16.58₹-0.06Sign in free for the trailing twelve months
Dividend payout %————8.2%9.9%107.6%———Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital20 Cr20 Cr20 Cr22 Cr24 Cr24 Cr26 Cr26 Cr26 Cr26 Cr
Reserves743 Cr759 Cr823 Cr944 Cr1,181 Cr1,232 Cr1,611 Cr1,915 Cr1,697 Cr1,667 Cr
Borrowings445 Cr445 Cr445 Cr428 Cr740 Cr1,503 Cr1,472 Cr1,439 Cr1,446 Cr1,708 Cr
Other liabilities325 Cr346 Cr473 Cr490 Cr576 Cr552 Cr662 Cr897 Cr936 Cr936 Cr
Total liabilities1,533 Cr1,571 Cr1,761 Cr1,939 Cr2,575 Cr3,364 Cr3,823 Cr4,356 Cr4,177 Cr4,505 Cr
Fixed assets (net)931 Cr985 Cr1,178 Cr1,271 Cr1,213 Cr1,937 Cr2,687 Cr3,113 Cr2,957 Cr3,055 Cr
CWIP55 Cr125 Cr110 Cr108 Cr517 Cr101 Cr99 Cr15 Cr123 Cr116 Cr
Investments0.28 Cr—0 Cr0 Cr0 Cr315 Cr12 Cr10 Cr28 Cr54 Cr
Loans & advances——0 Cr0 Cr0 Cr0 Cr0.48 Cr0.86 Cr0.79 Cr0.68 Cr
Inventories110 Cr95 Cr145 Cr116 Cr124 Cr209 Cr271 Cr308 Cr274 Cr313 Cr
Trade receivables81 Cr93 Cr116 Cr137 Cr101 Cr120 Cr133 Cr208 Cr204 Cr226 Cr
Cash & bank162 Cr41 Cr18 Cr3 Cr225 Cr143 Cr175 Cr167 Cr70 Cr4 Cr
Other assets193 Cr232 Cr194 Cr304 Cr394 Cr540 Cr446 Cr535 Cr519 Cr738 Cr
Total assets1,533 Cr1,571 Cr1,761 Cr1,939 Cr2,575 Cr3,364 Cr3,823 Cr4,356 Cr4,177 Cr4,505 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity101 Cr150 Cr133 Cr202 Cr377 Cr87 Cr175 Cr400 Cr234 Cr216 Cr
Cash from investing-151 Cr-194 Cr-187 Cr-227 Cr-477 Cr-784 Cr170 Cr-188 Cr-113 Cr-412 Cr
Cash from financing208 Cr-77 Cr31 Cr10 Cr322 Cr615 Cr-367 Cr-221 Cr-217 Cr130 Cr
Net cash flow159 Cr-121 Cr-23 Cr-15 Cr222 Cr-82 Cr-21 Cr-8 Cr-97 Cr-67 Cr
Free cash flow (OCF − Capex)-44 Cr-47 Cr-62 Cr-26 Cr-84 Cr-274 Cr175 Cr175 Cr96 Cr-208 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %5.5%8.6%6.7%7.6%16.4%7.0%7.0%2.9%-2.9%2.1%
ROE %-0.5%3.4%1.6%2.6%14.8%5.3%1.7%-2.6%-11.7%-0.6%
Debtor days31313542272722303331
Inventory days390243265206230298259244235236
Days payable522351372398423318296411496261
Cash conversion cycle-101-76-73-149-1677-14-137-2286
OCF / EBITDA %91.5%99.1%89.0%108.9%94.2%31.5%114.3%162.8%165.8%73.8%
OCF / EBITDA % (3 years)——93.4%99.8%96.9%77.3%77.1%98.2%149.9%125.2%
Debt / equity0.580.570.530.440.611.200.900.740.841.01
Current ratio1.200.800.670.641.160.960.980.860.580.63
Net debt / EBITDA2.57—2.862.291.294.938.475.179.755.84