Saurashtra Cement Ltd

SAURASHCEM

Watchlist

AI Mode

‌

Market Cap

₹ 895 Cr

P/E

31.06

‌

‌
‌

‌

‌
‌

Investment Checklist

How to read checklist?

Performance

STEADY PERFORMER

Valuation

UNDERVALUED

Growth

SLUGGISH

Profitability

LOW MARGIN

Technicals

Bearish

Risk

HIGH RISK

Investment Checklist

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

Price

PE Ratio

Price

‌

Overview

Detailed Summary

Saurashtra Cement Ltd (SCL) was established in 1956, focusing on cement manufacturing, and has since expanded into the paints business through strategic acquisitions.

The company has a significant market share of 23% in Gujarat and was notable for turning around a BIFR case without external rehabilitation assistance.

SCL undertook a digital transformation initiative dubbed 'Project Parivartan' aimed at modernizing operations and enhancing efficiency.

A major development in 2023 was the amalgamation with Gujarat Sidhee Cement Limited, significantly impacting its scale and operations.

The company has expanded its capacity for cement bulk loading at Porbandar Port through the addition of high-capacity silos and mechanized facilities.

Sector

Cement

Industry

Cement - Major - North India

Market Cap

895 Cr

Volatility

High Risk

P/E Ratio

31.1

Industry P/E

33.7

PEG Ratio

—

P/B Ratio

0.9

52W High

128.50

52W Low

73.51

Sales CAGR

-12.89%

1.95%

20.38%

10Y

11.18%

Profit CAGR

-87.67%

-31.21%

-34.20%

10Y

-18.45%

ROE

TTM

3.03%

1.51%

3.27%

10Y

5.07%

ROCE

TTM

5.93%

3.39%

5.53%

10Y

7.27%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PRSMJOHNSN	125.70	6,310 Cr	84.13	4.32	0.00	5.13	4.88	2.23
HEIDELBERG	171.90	3,886 Cr	30.19	2.97	4.08	9.83	14.30	5.28
MANGLMCEM	760.00	2,077 Cr	26.95	2.31	0.20	8.56	10.13	3.28
SANGHIIND	62.34	1,608 Cr	—	3.82	0.00	-106.01	-5.68	-10.79
SHREDIGCEM	88.60	1,322 Cr	35.19	3.62	1.68	10.27	10.52	5.54
SAURASHCEM	80.09	895 Cr	31.06	0.94	0.00	3.03	5.93	2.18
BURNPUR	6.66	57 Cr	—	0.00	0.00	9.02	6.91	-2267.92

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	446	375	447	497	386	296	378	478	424	386
Expenses	415	364	404	453	363	336	370	425	389	395
Operating Profit	31	11	43	45	23	-40	7.79	53	35	-9.73
OPM %	6.99	2.81	9.66	9.04	5.99	-13.44	2.06	11.03	8.22	-2.52
Other Income	-0.87	2.64	-11	25	5.14	4.38	3.27	13	5.09	4.77
Interest	1.72	2.36	1.93	2.09	3.23	4.46	3.79	2.14	2.62	2.16
Depreciation	9.82	10	10	17	10	10	11	11	11	10
Profit Before Tax	19	0.70	20	51	15	-50	-3.28	53	27	-18
Tax %	34.91	-4.29	36.80	38.46	33.11	37.45	-32.93	37.74	36.63	37.40
Net Profit	12	0.73	13	31	9.86	-31	-4.36	33	17	-11
EPS in Rs	1.09	0.07	1.13	2.79	0.89	-2.82	-0.39	2.96	1.51	-0.99

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	531	592	622	608	674	1,451	1,645	1,765	1,538	1,575
Expenses	441	524	617	499	559	1,387	1,639	1,635	1,494	1,520
Operating Profit	90	68	4.72	109	115	64	5.95	130	44	55
OPM %	16.97	11.53	0.76	17.97	17.01	4.40	0.36	7.36	2.85	3.52
Other Income	11	18	12	-7.59	12	16	13	15	26	26
Interest	3.65	3.42	4.74	4.68	4.37	9.23	9.29	8.09	14	13
Depreciation	15	18	18	20	20	33	39	47	42	43
Profit Before Tax	21	46	-6.78	77	102	37	-29	90	14	26
Tax %	34.20	-34.46	27.40	26.94	29.45	38.32	24.48	37.01	50.39	46.10
Net Profit	14	62	-4.92	57	72	23	-22	57	6.98	14
EPS in Rs	—	—	-0.45	5.06	6.44	0.72	-2.52	5.08	0.63	3.09
Dividend Payout %	46.08	11.07	0.00	21.63	17.06	0.00	0.00	39.22	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	60	69	69	69	70	70	111	57	111	111
Reserves	205	291	346	339	381	453	794	825	817	836
Borrowings	19	17	16	30	27	22	104	66	85	136
Other Liabilities	129	175	143	159	185	181	388	409	558	520
Total Liabilities	413	552	574	597	664	726	1,396	1,357	1,571	1,603
Fixed Assets	201	317	334	349	351	345	813	831	872	932
CWIP	40	48	43	37	38	61	78	51	31	31
Investments	15	6.19	6.14	5.32	3.54	7.61	0.04	0.02	0.02	0.02
Other Assets	157	181	191	206	271	312	505	475	667	641
Total Assets	413	552	574	597	664	726	1,396	1,357	1,571	1,603

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	72	34	49	15	63	134	-8.17	21	155	30
Cash from Investing Activity	-24	-25	-37	-16	-38	-121	-30	32	-157	-5.25
Cash from Financing Activity	-65	-6.51	-12	2.88	-23	-17	31	-49	2.65	27
Net Cash Flow	-16	2.32	0.02	1.94	0.78	-4.25	-6.94	4.79	0.62	52

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Feb 2024	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	72.46%	67.17%	67.14%	67.09%	66.99%	66.96%	66.88%	66.83%	66.77%	66.70%	66.70%	66.70%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.03%	0.01%	0.04%	0.02%	0.04%
DIIs	0.20%	0.13%	0.28%	0.37%	0.37%	0.37%	0.37%	0.37%	0.37%	0.37%	0.12%	0.12%
Public	27.34%	32.70%	32.58%	32.54%	32.64%	32.67%	32.73%	32.77%	32.84%	32.88%	33.16%	33.15%
Total Shareholders	15,378	61,568	59,010	53,979	54,398	52,990	55,301	53,975	53,315	52,960	52,553	50,662

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Jun 25, 2025	Ranvir morarji khatau	Insider - Promoter Group	Disposal	—	—	12,935	0.01
Jun 25, 2025	Nihita hemnabh khatau	Insider - Immediate Relative	Acquisition	—	—	12,935	—
Dec 20, 2024	Mr. m. s. gilotra	Insider - Director	Disposal	112.87	0.22 Cr	19,171	0.01
Dec 20, 2024	Mr. m. s. gilotra	Insider - Director	Disposal	112.87	0.22 Cr	19,171	0.01
Dec 20, 2024	Mohinderpal singh gilotra	Insider - Director	Disposal	106.96	0.21 Cr	20,000	0.01
Dec 04, 2024	Mr. m. s. gilotra	Insider - Director	Disposal	112.87	0.22 Cr	19,171	0.01
Sep 13, 2024	Promilla khanna	Insider - Promoter Group	Disposal	126.00	0.19 Cr	15,000	0.01
Sep 13, 2024	Sonali sanas	Insider - KMP	Disposal	127.90	0.03 Cr	2,500	0.00
Sep 13, 2024	Sonali sanas	Insider - KMP	Disposal	125.53	0.09 Cr	7,500	0.00
Sep 05, 2024	Promilla khanna	Insider - Promoter Group	Disposal	126.00	0.19 Cr	15,000	0.01

Projection

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Regulatory Filing

5 days ago

Notice of Hearing for Income Tax Appeal

Saurashtra Cement Limited disclosed receiving a notice for a hearing scheduled on February 3, 2026, regarding an appeal under the Income Tax Act.

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

AI Mode

Oscillators

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	446	375	447	497	386	296	378	478	424	386
Expenses	415	364	404	453	363	336	370	425	389	395
Operating Profit	31	11	43	45	23	-40	7.79	53	35	-9.73
OPM %	6.99	2.81	9.66	9.04	5.99	-13.44	2.06	11.03	8.22	-2.52
Other Income	-0.87	2.64	-11	25	5.14	4.38	3.27	13	5.09	4.77
Interest	1.72	2.36	1.93	2.09	3.23	4.46	3.79	2.14	2.62	2.16
Depreciation	9.82	10	10	17	10	10	11	11	11	10
Profit Before Tax	19	0.70	20	51	15	-50	-3.28	53	27	-18
Tax %	34.91	-4.29	36.80	38.46	33.11	37.45	-32.93	37.74	36.63	37.40
Net Profit	12	0.73	13	31	9.86	-31	-4.36	33	17	-11
EPS in Rs	1.09	0.07	1.13	2.79	0.89	-2.82	-0.39	2.96	1.51	-0.99

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	531	592	622	608	674	1,451	1,645	1,765	1,538	1,575
Expenses	441	524	617	499	559	1,387	1,639	1,635	1,494	1,520
Operating Profit	90	68	4.72	109	115	64	5.95	130	44	55
OPM %	16.97	11.53	0.76	17.97	17.01	4.40	0.36	7.36	2.85	3.52
Other Income	11	18	12	-7.59	12	16	13	15	26	26
Interest	3.65	3.42	4.74	4.68	4.37	9.23	9.29	8.09	14	13
Depreciation	15	18	18	20	20	33	39	47	42	43
Profit Before Tax	21	46	-6.78	77	102	37	-29	90	14	26
Tax %	34.20	-34.46	27.40	26.94	29.45	38.32	24.48	37.01	50.39	46.10
Net Profit	14	62	-4.92	57	72	23	-22	57	6.98	14
EPS in Rs	—	—	-0.45	5.06	6.44	0.72	-2.52	5.08	0.63	3.09
Dividend Payout %	46.08	11.07	0.00	21.63	17.06	0.00	0.00	39.22	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	60	69	69	69	70	70	111	57	111	111
Reserves	205	291	346	339	381	453	794	825	817	836
Borrowings	19	17	16	30	27	22	104	66	85	136
Other Liabilities	129	175	143	159	185	181	388	409	558	520
Total Liabilities	413	552	574	597	664	726	1,396	1,357	1,571	1,603
Fixed Assets	201	317	334	349	351	345	813	831	872	932
CWIP	40	48	43	37	38	61	78	51	31	31
Investments	15	6.19	6.14	5.32	3.54	7.61	0.04	0.02	0.02	0.02
Other Assets	157	181	191	206	271	312	505	475	667	641
Total Assets	413	552	574	597	664	726	1,396	1,357	1,571	1,603

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	72	34	49	15	63	134	-8.17	21	155	30
Cash from Investing Activity	-24	-25	-37	-16	-38	-121	-30	32	-157	-5.25
Cash from Financing Activity	-65	-6.51	-12	2.88	-23	-17	31	-49	2.65	27
Net Cash Flow	-16	2.32	0.02	1.94	0.78	-4.25	-6.94	4.79	0.62	52

Overview

Detailed Summary

Saurashtra Cement Ltd (SCL) was established in 1956, focusing on cement manufacturing, and has since expanded into the paints business through strategic acquisitions.

The company has a significant market share of 23% in Gujarat and was notable for turning around a BIFR case without external rehabilitation assistance.

SCL undertook a digital transformation initiative dubbed 'Project Parivartan' aimed at modernizing operations and enhancing efficiency.

A major development in 2023 was the amalgamation with Gujarat Sidhee Cement Limited, significantly impacting its scale and operations.

The company has expanded its capacity for cement bulk loading at Porbandar Port through the addition of high-capacity silos and mechanized facilities.

Sector

Cement

Industry

Cement - Major - North India

Market Cap

895 Cr

Volatility

High Risk

P/E Ratio

31.1

Industry P/E

33.7

PEG Ratio

—

P/B Ratio

0.9

52W High

128.50

52W Low

73.51

Sales CAGR

-12.89%

1.95%

20.38%

10Y

11.18%

Profit CAGR

-87.67%

-31.21%

-34.20%

10Y

-18.45%

ROE

TTM

3.03%

1.51%

3.27%

10Y

5.07%

ROCE

TTM

5.93%

3.39%

5.53%

10Y

7.27%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PRSMJOHNSN	125.70	6,310 Cr	84.13	4.32	0.00	5.13	4.88	2.23
HEIDELBERG	171.90	3,886 Cr	30.19	2.97	4.08	9.83	14.30	5.28
MANGLMCEM	760.00	2,077 Cr	26.95	2.31	0.20	8.56	10.13	3.28
SANGHIIND	62.34	1,608 Cr	—	3.82	0.00	-106.01	-5.68	-10.79
SHREDIGCEM	88.60	1,322 Cr	35.19	3.62	1.68	10.27	10.52	5.54
SAURASHCEM	80.09	895 Cr	31.06	0.94	0.00	3.03	5.93	2.18
BURNPUR	6.66	57 Cr	—	0.00	0.00	9.02	6.91	-2267.92