SAURASHCEM

Saurashtra Cement Limited

Saurashtra Cement Limited (SAURASHCEM) financial statements and selected valuation metrics through 30 June 2026.

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

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Key metrics

Price as of 2026-10-16

Stock price
₹50.29
Market cap
560 Cr
Stock P/E
83.7
P/B
0.58
Dividend yield
2.0%
ROE (FY26)
1.5%
ROCE (FY26)
1.6%
Operating margin (FY26)
0.5%
Debt / equity (FY26)
0.11
OCF / EBITDA (FY26)
69.5%
OCF / EBITDA (3Y)
98.1%

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

Saurashtra Cement makes cement and cement-related products at its Ranavav plant in Gujarat, and also runs a paints business.

Company snapshot

27thBy market cap

Ranked among 32 companies in Cement & Cement Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 95.5% of revenue

SegmentRevenue shareRevenuePBTAssets
Cement & Clinker
95.5%
360 Cr6 Cr1,501 Cr
Others - Subsidiary Company—0 Cr-0.05 Cr0.86 Cr
Paints
4.5%
17 Cr-6 Cr90 Cr

What we see

Positives
  • ✓98% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 0.9% — little room for error if costs rise.
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
Sales375 Cr447 Cr497 Cr386 Cr296 Cr377 Cr478 Cr424 Cr386 Cr410 Cr447 Cr457 Cr
Operating expenses (approx.)364 Cr404 Cr453 Cr363 Cr336 Cr370 Cr425 Cr389 Cr395 Cr409 Cr420 Cr436 Cr
EBITDA11 Cr43 Cr45 Cr23 Cr-40 Cr8 Cr53 Cr35 Cr-10 Cr0.94 Cr26 Cr21 Cr
OPM %2.8%9.7%9.0%6.0%-13.4%2.1%11.0%8.2%-2.5%0.2%5.9%4.5%
Other income3 Cr4 Cr25 Cr5 Cr4 Cr3 Cr4 Cr5 Cr5 Cr5 Cr4 Cr5 Cr
Interest2 Cr2 Cr2 Cr3 Cr4 Cr4 Cr2 Cr3 Cr2 Cr3 Cr2 Cr3 Cr
Depreciation10 Cr10 Cr17 Cr10 Cr10 Cr11 Cr11 Cr11 Cr10 Cr11 Cr12 Cr11 Cr
Profit before tax0.70 Cr20 Cr50 Cr15 Cr-50 Cr-3 Cr53 Cr27 Cr-18 Cr-15 Cr13 Cr12 Cr
Tax %-4.7%36.8%38.5%33.1%37.4%-32.8%37.7%36.6%37.4%32.4%-47.9%23.7%
Net profit0.73 Cr13 Cr31 Cr10 Cr-31 Cr-4 Cr33 Cr17 Cr-11 Cr-10 Cr19 Cr9 Cr
EPS (₹)₹0.07₹1.13₹2.80₹0.89₹-2.83₹-0.39₹2.96₹1.52₹-0.99₹-0.92₹1.69₹0.82

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales531 Cr592 Cr621 Cr608 Cr674 Cr761 Cr1,645 Cr1,765 Cr1,538 Cr1,666 CrSign in free for the trailing twelve months
Operating expenses (approx.)502 Cr542 Cr617 Cr499 Cr559 Cr738 Cr1,639 Cr1,635 Cr1,494 Cr1,614 CrSign in free for the trailing twelve months
EBITDA29 Cr50 Cr4 Cr109 Cr115 Cr24 Cr6 Cr130 Cr44 Cr52 CrSign in free for the trailing twelve months
OPM %5.5%8.4%0.7%17.9%17.0%3.1%0.4%7.4%2.8%3.2%Sign in free for the trailing twelve months
Other income11 Cr18 Cr9 Cr8 Cr12 Cr12 Cr13 Cr36 Cr17 Cr19 CrSign in free for the trailing twelve months
Interest4 Cr3 Cr5 Cr4 Cr4 Cr5 Cr9 Cr8 Cr14 Cr10 CrSign in free for the trailing twelve months
Depreciation15 Cr18 Cr18 Cr20 Cr20 Cr23 Cr39 Cr47 Cr42 Cr44 CrSign in free for the trailing twelve months
Profit before tax21 Cr46 Cr-7 Cr77 Cr102 Cr8 Cr-29 Cr90 Cr14 Cr7 CrSign in free for the trailing twelve months
Tax %34.2%-34.5%27.4%26.9%29.4%48.0%24.5%37.0%50.4%-119.2%Sign in free for the trailing twelve months
Net profit14 Cr62 Cr-5 Cr57 Cr72 Cr4 Cr-22 Cr57 Cr7 Cr14 CrSign in free for the trailing twelve months
EPS (₹)₹2.17₹9.03₹-0.71₹8.14₹10.38₹0.57₹-1.99₹5.11₹0.63₹1.30Sign in free for the trailing twelve months
Dividend payout %————7.8%132.4%—19.6%158.9%0.0%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 capital69 Cr69 Cr69 Cr70 Cr70 Cr70 Cr111 Cr111 Cr111 Cr111 Cr
Reserves291 Cr346 Cr339 Cr381 Cr453 Cr453 Cr771 Cr817 Cr836 Cr850 Cr
Borrowings17 Cr16 Cr30 Cr25 Cr17 Cr61 Cr63 Cr84 Cr135 Cr106 Cr
Other liabilities175 Cr143 Cr159 Cr188 Cr185 Cr197 Cr412 Cr559 Cr521 Cr520 Cr
Total liabilities552 Cr574 Cr597 Cr664 Cr726 Cr781 Cr1,357 Cr1,571 Cr1,603 Cr1,588 Cr
Fixed assets (net)317 Cr334 Cr348 Cr351 Cr345 Cr377 Cr799 Cr844 Cr903 Cr882 Cr
CWIP48 Cr43 Cr37 Cr38 Cr60 Cr68 Cr50 Cr30 Cr30 Cr37 Cr
Investments6 Cr6 Cr5 Cr4 Cr8 Cr9 Cr0.02 Cr0.02 Cr0.02 Cr0.02 Cr
Loans & advances——0.12 Cr0.08 Cr0.05 Cr0.06 Cr0.11 Cr0.27 Cr0.18 Cr0.22 Cr
Inventories58 Cr56 Cr78 Cr100 Cr56 Cr96 Cr180 Cr263 Cr251 Cr248 Cr
Trade receivables15 Cr19 Cr16 Cr34 Cr29 Cr35 Cr78 Cr88 Cr101 Cr101 Cr
Cash & bank6 Cr6 Cr8 Cr8 Cr4 Cr0.96 Cr8 Cr9 Cr60 Cr79 Cr
Other assets102 Cr110 Cr104 Cr129 Cr224 Cr195 Cr242 Cr337 Cr257 Cr241 Cr
Total assets552 Cr574 Cr597 Cr664 Cr726 Cr781 Cr1,357 Cr1,571 Cr1,603 Cr1,588 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 activity34 Cr49 Cr15 Cr62 Cr134 Cr-8 Cr21 Cr155 Cr30 Cr36 Cr
Cash from investing-25 Cr-26 Cr-16 Cr-38 Cr-121 Cr-25 Cr32 Cr-157 Cr-5 Cr19 Cr
Cash from financing-7 Cr-23 Cr3 Cr-23 Cr-17 Cr30 Cr-49 Cr3 Cr27 Cr-37 Cr
Net cash flow2 Cr0.02 Cr2 Cr0.78 Cr-4 Cr-3 Cr5 Cr0.62 Cr52 Cr18 Cr
Free cash flow (OCF − Capex)3 Cr18 Cr-17 Cr39 Cr94 Cr-44 Cr-17 Cr87 Cr-56 Cr7 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.6%11.6%-0.5%17.2%19.8%2.1%-2.1%9.7%2.6%1.6%
ROE %3.9%15.0%-1.2%12.5%13.8%0.8%-2.5%6.1%0.7%1.5%
Debtor days1012921161717182422
Inventory days595425454596263300274355343283
Days payable517394368326174150164277275230
Cash conversion cycle884396290105167128979375
OCF / EBITDA %116.6%98.5%n.m.57.2%116.8%-34.7%n.m.119.4%n.m.69.5%
OCF / EBITDA % (3 years)——117.5%77.3%92.6%76.0%102.0%105.5%115.1%98.1%
Debt / equity0.050.040.070.050.030.120.070.090.140.11
Current ratio1.071.221.051.311.711.220.931.201.161.18
Net debt / EBITDA0.380.215.310.150.122.539.210.581.690.52