Saurashtra Cement
Saurashtra Cement
CommoditiesKey Fundamentals
MicrocapCementConstructionTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has reduced debt.
- Stock is trading at 0.63 times its book value
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 3.10% over last 3 years.
Growth Rate
Quarterly Results
| Particulars | 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 |
| Operating Profit | 31.18 | 10.56 | 43.14 | 44.98 | 23.12 | -39.83 | 7.79 | 52.74 | 34.81 | -9.73 | 0.94 | 26.47 | 20.72 |
| OPM % | 6.99% | 2.82% | 9.66% | 9.04% | 5.99% | -13.44% | 2.06% | 11.03% | 8.22% | -2.52% | 0.23% | 5.93% | 4.54% |
| Other Income | -0.87 | 2.64 | -11.24 | 24.65 | 5.14 | 4.38 | 3.27 | 13.37 | 5.09 | 4.77 | -1.93 | 0.56 | 5.26 |
| 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 | 10.14 | 10.08 | 17.04 | 10.29 | 10.34 | 10.55 | 11.1 | 10.68 | 10.42 | 11 | 12.12 | 11.07 |
| PBT | 18.77 | 0.7 | 19.89 | 50.5 | 14.74 | -50.25 | -3.28 | 52.87 | 26.6 | -17.54 | -15.21 | 12.74 | 11.96 |
| Tax % | 34.84% | -4.29% | 36.8% | 38.46% | 33.18% | -37.45% | 32.93% | 37.73% | 36.62% | -37.4% | -32.35% | -47.8% | 23.66% |
| Net Profit | 12.22 | 0.73 | 12.57 | 31.08 | 9.86 | -31.43 | -4.36 | 32.91 | 16.85 | -10.98 | -10.29 | 18.83 | 9.13 |
| EPS in Rs | 1.1 | 0.07 | 1.13 | 2.8 | 0.89 | -2.83 | -0.39 | 2.96 | 1.51 | -0.99 | -0.92 | 1.69 | 0.82 |
Profit & Loss
| Particulars | 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 |
| Operating Profit | 90 | 64 | 30 | 50 | 5 | 110 | 115 | 64 | 7 | 130 | 45 | 53 | 38 |
| OPM % | 16% | 12% | 6% | 9% | 0.8% | 18% | 17% | 4.4% | 0.4% | 7% | 2.9% | 3.2% | 2.3% |
| Other Income | 38 | 23 | 10 | 17 | 11 | -8 | 12 | 16 | 13 | 15 | 25 | 8 | 9 |
| 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 |
| PBT | 79 | 69 | 21 | 46 | -7 | 77 | 102 | 37 | -29 | 90 | 14 | 7 | -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 | 7 | 14 | 7 |
| EPS in Rs | 13.21 | 6.33 | 2.01 | 9.03 | -0.71 | 8.13 | 10.35 | 3.29 | -3.12 | 5.1 | 0.63 | 1.3 | 0.6 |
| Div. Payout % | 0% | 14% | 50% | 11% | 0% | 22% | 17% | 0% | 0% | 39% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 78 | 72 | 34 | 49 | 15 | 63 | 134 | -8 | 21 | 155 | 30 | 36 |
| Investing | 18 | -24 | -25 | -37 | -16 | -38 | -121 | -30 | 32 | -157 | -5 | 19 |
| Financing | -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 |
| CFO/OP | 109 | 140 | 146 | 116 | 370 | 70 | 130 | 4 | 378 | 125 | 91 | 81 |
Ratios
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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67 extracted metrics + investor summaries across FY10–FY26.
Documents
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Company Information
Incorporated in 1956, Saurashtra Cement is in the business of manufacturing and selling of Cement and Paints[1]
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