Shiva Cement
SHIVACEM NSE
Shiva Cement
ConstructionNSE: SHIVACEM BSE: 532323 Cement
Key Fundamentals
MicrocapCementConstructionMarket Cap
₹471 Cr
Volatility
Low Risk
P/E Ratio
-4.1
EBITDA
₹19.00 Cr
Return on Equity
571.79%
Debt to Equity
12.97
Book Value
₹-2.26
52W High
₹17.94
52W Low
₹15.4
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
1- Company has low interest coverage ratio.
Growth Rate
Revenue Growth
38.6%
Net Income Growth
-11.93% lower than
3Y
Cash Flow Change
250% higher than
3Y
ROE
-515% lower than
3Y
ROCE
-45.28% higher than
3Y
EBITDA Margin (Avg.)
-397% lower than
3Y
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 | 0 | 104 | 98 | 145 | 97 | 51 | 58 | 106 | 106 | 82 | 126 | 121 | 151 |
| Expenses | 3 | 93 | 93 | 120 | 88 | 59 | 66 | 110 | 108 | 78 | 125 | 111 | 133 |
| Operating Profit | -3 | 12 | 5 | 25 | 9 | -9 | -8 | -3 | -2 | 4 | 1 | 11 | 19 |
| OPM % | — | 11% | 5% | 17% | 9% | -17% | -14% | -3.1% | -1.9% | 4.9% | 0.6% | 9% | 12% |
| Other Income | 0 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 0 | 1 | 1 |
| Interest | 2 | 31 | 38 | 30 | 28 | 26 | 31 | 30 | 30 | 31 | 35 | 35 | 35 |
| Depreciation | 2 | 8 | 11 | 10 | 11 | 12 | 10 | 10 | 10 | 10 | 11 | 11 | 11 |
| PBT | -6 | -26 | -44 | -15 | -29 | -45 | -46 | -42 | -41 | -36 | -45 | -34 | -26 |
| Tax % | -26% | -26% | -26% | -23% | -26% | -26% | -25% | 27% | -26% | -10% | -24% | -15% | -19% |
| Net Profit | -5 | -19 | -32 | -12 | -22 | -34 | -34 | -53 | -30 | -33 | -34 | -29 | -21 |
| EPS in Rs | -0.16 | -0.66 | -1.1 | -0.4 | -0.73 | -1.14 | -1.15 | -1.8 | -1.03 | -1.11 | -1.15 | -0.97 | -0.72 |
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 | 66 | 68 | 22 | 25 | 29 | 32 | 28 | 3 | 0 | 347 | 311 | 435 | 481 |
| Expenses | 57 | 58 | 28 | 34 | 36 | 39 | 38 | 13 | 13 | 308 | 317 | 422 | 447 |
| Operating Profit | 10 | 9 | -6 | -8 | -7 | -7 | -9 | -9 | -13 | 39 | -6 | 14 | 34 |
| OPM % | 15% | 14% | -26% | -33% | -24% | -21% | -33% | -261% | -131100% | 11% | -2% | 3.1% | 7% |
| Other Income | 0 | 0 | -11 | -10 | 0 | -1 | 3 | -10 | -24 | 2 | 2 | 4 | 3 |
| Interest | 3 | 4 | 8 | 14 | 15 | 15 | 15 | 9 | 13 | 101 | 115 | 131 | 136 |
| Depreciation | 4 | 5 | 6 | 8 | 8 | 8 | 8 | 7 | 59 | 31 | 42 | 42 | 43 |
| PBT | 3 | 1 | -30 | -40 | -29 | -31 | -29 | -35 | -109 | -92 | -162 | -156 | -141 |
| Tax % | 9% | 100% | -32% | -22% | -27% | -25% | -25% | -26% | -26% | -25% | -12% | -19% | — |
| Net Profit | 2 | 0 | -20 | -31 | -21 | -23 | -22 | -26 | -80 | -68 | -142 | -126 | -117 |
| EPS in Rs | 0.09 | 0 | -0.69 | -1.05 | -0.72 | -0.77 | -0.74 | -0.87 | -2.73 | -2.32 | -4.83 | -4.26 | -3.95 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | 40 | 40 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 59 | 59 |
| Reserves | 60 | 61 | 43 | 12 | -9 | -33 | -56 | -82 | -162 | -231 | 0 | -126 |
| Borrowings | 45 | 48 | 76 | 130 | 138 | 155 | 247 | 802 | 1,334 | 1,468 | 1,460 | 1,740 |
| Other Liabilities | 26 | 35 | 28 | 24 | 35 | 50 | 73 | 139 | 180 | 265 | 183 | 242 |
| Total Liabilities | 170 | 183 | 186 | 204 | 202 | 211 | 302 | 898 | 1,392 | 1,542 | 1,701 | 1,915 |
| Fixed Assets | 111 | 118 | 153 | 147 | 142 | 135 | 128 | 112 | 35 | 1,034 | 1,126 | 1,206 |
| CWIP | 7 | 7 | 0 | 1 | 1 | 6 | 31 | 464 | 905 | 138 | 113 | 35 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 53 | 58 | 33 | 57 | 59 | 71 | 143 | 323 | 451 | 370 | 463 | 675 |
| Total Assets | 170 | 183 | 186 | 204 | 202 | 211 | 302 | 898 | 1,392 | 1,542 | 1,701 | 1,915 |
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 | 9 | 14 | 35 | -59 | -5 | -11 | -4 | -113 | -110 | 253 | -56 | 85 |
| Investing | -17 | -12 | -40 | -11 | -3 | -6 | -75 | -362 | -342 | -254 | -210 | -232 |
| Financing | 8 | -2 | 6 | 70 | 8 | 17 | 86 | 479 | 448 | 8 | 261 | 146 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 4 | -3 | 7 | -5 | -1 |
| Free Cash Flow | -8 | 2 | -6 | -71 | -8 | -18 | -84 | -475 | -459 | -1 | -268 | -151 |
| CFO/OP | 98 | 153 | -615 | 714 | 70 | 162 | 47 | 1,249 | 833 | 651 | 887 | 636 |
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 | 82 | 83 | 21 | 61 | 37 | 16 | 24 | 3 | 2,91,635 | 0 | 1 | 0 |
| Inventory Days | 143 | 138 | 299 | 782 | 303 | 494 | 511 | 1,550 | 24,546 | 226 | 288 | 232 |
| Days Payable | 36 | 28 | 240 | 480 | 179 | 279 | 327 | 697 | 41,230 | 294 | 434 | 324 |
| Cash Conversion Cycle | 190 | 192 | 79 | 362 | 160 | 232 | 208 | 856 | 2,74,951 | -67 | -145 | -93 |
| Working Capital Days | 47 | 28 | -941 | 47 | -1,697 | -1,880 | -636 | -4,320 | -42,52,980 | -158 | -124 | -302 |
| ROCE % | 5% | 3% | -7% | -9% | -8% | -9% | -7% | -2% | -7% | 1% | -3% | -1% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Shiva Cement insights
66 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Board Meeting Outcome for Outcome Of The Board Meeting Dated May 04, 2026 In Accordance With The SEBI (LODR) Regulations, 2015
4 May - Board approved FY26 audited standalone results, unmodified audit opinion, and appointed internal and cost auditors. 4 May - Board approved FY26 audited standalone results, unmodified audit opinion, and appointed internal and cost auditors.
3
Appointment Of Cost Auditor And Internal Auditor
4 May - FY26 audited results showed Rs 12,553.25 lakh loss; unmodified audit opinion; appointed internal and cost auditors. 4 May - FY26 audited results showed Rs 12,553.25 lakh loss; unmodified audit opinion; appointed internal and cost auditors.
4
Board Meeting Outcome for Outcome Of The Board Meeting Dated May 04, 2026 In Accordance With The SEBI (LODR) Regulations, 2015
4 May - Board approved FY26 audited standalone results, unmodified audit opinion, and appointed internal and cost auditors. 4 May - Board approved FY26 audited standalone results, unmodified audit opinion, and appointed internal and cost auditors.
Frequently Asked Questions about Shiva Cement
What does Shiva Cement Ltd do?
Incorporated in 1985, Shiva Cements
Ltd manufactures and sells cement,
clinker and trading of allied product[1]
Where is Shiva Cement Ltd (532323) listed?
Shiva Cement Ltd trades as SHIVACEM on the NSE and under code 532323 on the BSE.
Which sector does Shiva Cement Ltd belong to?
Shiva Cement Ltd is classified under the Construction sector, in the Cement industry.
What is the market capitalisation of Shiva Cement Ltd?
Shiva Cement Ltd has a market capitalisation of ₹470.82 Cr, which places it in the Small Cap band.
What is the PE ratio of Shiva Cement Ltd?
Shiva Cement Ltd trades at a PE ratio of -4.10, against a book value of ₹-2.26 per share.
What is the 52-week high and low of Shiva Cement Ltd?
Over the last 52 weeks Shiva Cement Ltd has traded between ₹15.4 and ₹17.94.
What is the Return on Equity (ROE) of Shiva Cement Ltd?
Shiva Cement Ltd reported a return on equity of 571.79%. Its debt-to-equity ratio is 12.97.
Company Information
Incorporated in 1985, Shiva Cements Ltd manufactures and sells cement, clinker and trading of allied product[1]
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