SHREDIGCEM

Shree Digvijay Cement Co.Ltd

Cement manufacturer with clinker and grinding capacity

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

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Key metrics

Price as of 2026-10-16

Stock price
₹64.73
Market cap
957 Cr
Stock P/E
53.2
P/B
2.62
Dividend yield
2.3%
ROE (FY26)
6.8%
ROCE (FY26)
4.9%
Operating margin (FY26)
5.2%
Debt / equity (FY26)
1.40
OCF / EBITDA (FY26)
-582.6%
OCF / EBITDA (3Y)
-65.9%

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

Shree Digvijay Cement makes and sells cement in Gujarat from its base at Digvijaygram, and also sells cement made at Hi-Bond Cement's plant under an exclusive long-term distribution agreement.

Company snapshot

22ndBy 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: 100.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Cement Business
100.0%
509 Cr12 Cr—
Other
0.0%
0.04 Cr-0.0096 Cr—

What we see

Positives
  • ✓Dividend payout of 89% — the company returns a meaningful share of profits to shareholders.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

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
Sales183 Cr191 Cr224 Cr177 Cr145 Cr187 Cr216 Cr196 Cr161 Cr183 Cr208 Cr337 Cr
Operating expenses (approx.)166 Cr142 Cr176 Cr155 Cr137 Cr187 Cr189 Cr172 Cr142 Cr181 Cr184 Cr308 Cr
EBITDA18 Cr49 Cr48 Cr22 Cr8 Cr-0.16 Cr28 Cr24 Cr19 Cr2 Cr25 Cr29 Cr
OPM %9.8%25.6%21.4%12.2%5.6%-0.1%12.8%12.1%12.0%1.3%11.9%8.7%
Other income2 Cr2 Cr3 Cr2 Cr0.85 Cr2 Cr5 Cr1 Cr1 Cr1 Cr0.21 Cr1 Cr
Interest0.77 Cr0.62 Cr0.06 Cr0.72 Cr0.68 Cr0.84 Cr0.52 Cr0.58 Cr0.63 Cr4 Cr5 Cr12 Cr
Depreciation9 Cr8 Cr8 Cr8 Cr8 Cr7 Cr7 Cr6 Cr6 Cr9 Cr10 Cr10 Cr
Profit before tax10 Cr42 Cr43 Cr15 Cr0.74 Cr-6 Cr25 Cr19 Cr14 Cr-9 Cr11 Cr9 Cr
Tax %29.2%25.2%26.1%25.0%46.9%25.3%27.3%25.5%25.1%23.9%26.4%25.4%
Net profit7 Cr31 Cr32 Cr11 Cr0.39 Cr-5 Cr18 Cr14 Cr10 Cr-7 Cr8 Cr7 Cr
EPS (₹)₹0.51₹2.15₹2.16₹0.76₹0.03₹-0.33₹1.24₹0.93₹0.69₹-0.47₹0.54₹0.46

Profit & loss (annual)

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

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales503 Cr629 Cr727 Cr792 Cr725 Cr749 CrSign in free for the trailing twelve months
Operating expenses (approx.)398 Cr512 Cr626 Cr646 Cr668 Cr679 CrSign in free for the trailing twelve months
EBITDA105 Cr117 Cr101 Cr146 Cr57 Cr71 CrSign in free for the trailing twelve months
OPM %20.9%18.6%13.9%18.4%7.9%9.4%Sign in free for the trailing twelve months
Other income6 Cr4 Cr7 Cr9 Cr10 Cr4 CrSign in free for the trailing twelve months
Interest2 Cr1 Cr1 Cr2 Cr3 Cr10 CrSign in free for the trailing twelve months
Depreciation27 Cr31 Cr35 Cr35 Cr30 Cr31 CrSign in free for the trailing twelve months
Profit before tax83 Cr88 Cr71 Cr118 Cr35 Cr34 CrSign in free for the trailing twelve months
Tax %34.9%37.3%18.7%25.8%27.1%26.1%Sign in free for the trailing twelve months
Net profit54 Cr55 Cr58 Cr88 Cr25 Cr25 CrSign in free for the trailing twelve months
EPS (₹)₹3.79₹3.86—₹6.01₹1.71₹1.69Sign in free for the trailing twelve months
Dividend payout %39.3%103.5%86.9%41.2%174.6%89.0%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 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital142 Cr144 Cr145 Cr147 Cr148 Cr148 Cr
Reserves169 Cr168 Cr180 Cr234 Cr216 Cr218 Cr
Borrowings————110 Cr513 Cr
Other liabilities121 Cr150 Cr143 Cr153 Cr221 Cr179 Cr
Total liabilities432 Cr462 Cr468 Cr535 Cr695 Cr1,058 Cr
Fixed assets (net)172 Cr184 Cr170 Cr159 Cr152 Cr392 Cr
CWIP9 Cr2 Cr3 Cr34 Cr211 Cr4 Cr
Investments0 Cr0 Cr0 Cr2 Cr2 Cr3 Cr
Loans & advances0.43 Cr0.37 Cr0.53 Cr0.57 Cr0.62 Cr0.48 Cr
Inventories75 Cr127 Cr115 Cr133 Cr110 Cr111 Cr
Trade receivables11 Cr13 Cr22 Cr32 Cr18 Cr37 Cr
Cash & bank51 Cr13 Cr13 Cr13 Cr49 Cr4 Cr
Other assets114 Cr123 Cr145 Cr160 Cr152 Cr507 Cr
Total assets432 Cr462 Cr468 Cr535 Cr695 Cr1,058 Cr

Cash flows

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

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity95 Cr57 Cr86 Cr96 Cr135 Cr-411 Cr
Cash from investing-24 Cr-40 Cr-37 Cr-61 Cr-164 Cr-8 Cr
Cash from financing-21 Cr-56 Cr-50 Cr-34 Cr65 Cr373 Cr
Net cash flow49 Cr-39 Cr-0.14 Cr0.62 Cr36 Cr-45 Cr
Free cash flow (OCF − Capex)67 Cr22 Cr66 Cr37 Cr-48 Cr-490 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %27.2%28.7%22.4%31.5%7.9%4.9%
ROE %17.3%17.7%17.9%23.0%6.9%6.8%
Debtor days881115918
Inventory days246379324317281223
Days payable168187176159334181
Cash conversion cycle86200159173-4461
OCF / EBITDA %90.4%48.9%85.4%65.7%235.9%-582.6%
OCF / EBITDA % (3 years)——73.8%65.8%104.3%-65.9%
Debt / equity————0.301.40
Current ratio2.111.912.061.991.302.74
Net debt / EBITDA-0.49-0.11-0.13-0.091.067.22