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Shri Keshav Cements & Infra Ltd (530977)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530977 NSE: Cement & Construction Materials | Small Cap | Shri Keshav Cements Share Price

₹139.90 -1.65 (-1.17%)

As on 05-Jun'26 10:31

Shri Keshav Cements & Infra Ltd (530977)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530977 NSE: Cement & Construction Materials | Small Cap | Shri Keshav Cements Share Price

₹139.90 -1.65 (-1.17%)

As on 05-Jun'26 10:31

Key Metrics
Valuation Multiples
Market Cap
₹248 Cr.
Current Price
₹139.9
52-Week Low / High
₹115 / 287
TTM EPS
₹-3.7
TTM Sales
₹161 Cr.
Book Value per Share
₹51.2
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
36.8
Price to Book (P/B)
2.76
Lower than its 5-year historical median
Price to Sales (P/S)
1.54
Lower than its 5-year historical median
EV/EBITDA
12.15
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-6.21%
Underperforms industry median
Return on Capital Employed (ROCE)
5.25%
Underperforms industry median
Return on Assets (ROA)
-1.61%
Operating Profit Margin
20.7%
Net Profit Margin
-5.08%
Gross Profit Margin
8.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-3.95%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-35.29%
Net Profit Growth (1 Year)
-
-167.58%
Asset Quality
Promoter Holding
62.33%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹72 Cr.
Equity
₹17.5 Cr.
Face Value
₹10
All Time Low / High
₹1.06 / 319.25

Shri Keshav Cements & Infra stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Shri Keshav Cements & Infra Ltd a good quality company?
Shri Keshav Cements & Infra Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Shri Keshav Cements & Infra Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Shri Keshav Cements & Infra Ltd vs industry peers?
Shri Keshav Cements & Infra Ltd revenue CAGR is 12.30%, compared to the industry median CAGR of 5.89%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Shri Keshav Cements & Infra Ltd?
Promoters hold 62.33% of the Shri Keshav Cements & Infra Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Shri Keshav Cements & Infra Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 5.9% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shri Keshav Cements & Infra Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 19.7%9.6%1%7.7%8.6%5.7%12.4%10.7%10.3%5.3%-
Value Creation
Index
0.4-0.3-0.9-0.5-0.4-0.6-0.1-0.2-0.3-0.6-

Growth Parameters

Sales 55.449.850.7706880.4114123126121161
Sales YoY Gr.--10.1%1.8%38.1%-2.9%18.3%41.5%8.3%2.6%-4%-
Adj EPS 7.39.4-3-35.1-6.4-77.62.46.2-3.5-3.7
YoY Gr.-28%-131.8%NANANANA-68.1%155.4%-157%-
BVPS (₹) 34.435.336.51.117.610.518.140.558.55551.2
Adj Net
Profit
4.25.4-1.7-20.3-7.6-8.49.12.910.8-6.2-7
Cash Flow from Ops. 14.55.4-10.48.322.220.623.233.43228.8-
Debt/CF from Ops. 1.911.7-15.622.17.18.69.35.468.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.1%12.3%2.2%-4%
Adj EPS -192.2%NA-177.4%-157%
BVPS5.4%25.6%44.9%-6.1%
Share Price 7.4% 31.2% 0.8% -4.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
22.926.9-8.3-186.7-70.4-50.1538.314.3-6.2-7
Op. Profit
Mgn %
22.730.714.836.239.132.831.128.530.820.822.3
Net Profit
Mgn %
7.610.9-3.4-28.9-11.2-10.582.48.6-5.1-4.1
Debt to
Equity
1.43.17.7286.37.514.1103.71.92.41.8
Working Cap
Days
8911518817118116814415317420473
Cash Conv.
Cycle
524910410511210288857583-39

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales555051706880114123126121
Operating Expenses + 43404345415478888896
Manufacturing Costs1510123233111013
Material Costs26202635294165707073
Employee Cost 1233334446
Other Costs 1724777344
Operating Profit 1310825272635353925
Operating Profit Margin (%) 22.7%20.3%14.8%36.2%39.1%32.8%31.1%28.5%30.8%20.7%
Other Income + 0100102233
Exceptional Items 00000000-20
Interest 33118171619191718
Depreciation 34712121611121212
Profit Before Tax 630-4-2-67610-2
Tax 2121663-2314
Profit After Tax 42-2-20-8-8939-6
PAT Margin (%) 7.6%3.5%-3.4%-28.9%-11.2%-10.5%8.0%2.4%7.2%-5.1%
Adjusted EPS (₹)7.33.1-3.0-35.1-6.4-7.07.62.45.2-3.5
Dividend Payout Ratio (%)12.10%29.10%0%0%0%0%0%0%0%0%

Valuation of Shri Keshav Cements - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 20202112113224910296
Share Capital 5555121212121818
Reserves 151516-49110378579
Debt +2759155171145165202158167205
Long Term Debt4359710397116160140165170
Short Term Debt2324576847484218235
Minority Interest0000000000
Trade Payables24267425610
Others Liabilities 10205247465048638199
Total Liabilities 59104230224219232274275356410

Fixed Assets

Net Fixed Assets +397791189176179169204194196
Gross Block63111131241240259260307309322
Accumulated Depreciation24344052648091103115127
CWIP 8010416647976139
Investments 0000000000
Inventories6121619202528283134
Trade Receivables136111045456
Cash Equivalents 06222888146
Others Assets 4611361117203529
Total Assets 59104230224219232274275356410

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 145-108222123333229
PBT 630-4-2-67610-2
Adjustment 39730293229302928
Changes in Working Capital 6-5-18-17-5-6-13-1-53
Tax Paid -1-20000-1-1-2-0
Cash Flow From Investing Activity + -8-35-89-6-6-19-48-11-75-56
Capex -8-36-89-6-6-19-42-10-70-85
Net Investments 000000-6-2-614
Others 01000001115
Cash Flow From Financing Activity + -64180-6-171136-325526
Net Proceeds from Shares 000028000450
Net Proceeds from Borrowing 0000000000
Interest Paid 0-5-9-18-17-16-18-18-16-16
Dividend Paid 0000000000
Others -6458912-282754-142643
Net Cash Flow -011-19-4-11211-1012-1

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)22.928.76-8.3-186.69-70.37-50.0653.038.2712.08-6.21
ROCE (%)19.79.560.997.668.585.6612.4410.6810.335.25
Asset Turnover Ratio1.010.630.310.310.310.360.450.450.410.33
PAT to CFO Conversion(x)3.52.5N/AN/AN/AN/A2.56113.56N/A
Working Capital Days
Receivable Days9.7014.9032.4044.5055.2031.3015.7014.201316.70
Inventory Days52.9064.2096.2089.40102.50100.7084.7083.6082.6094.50
Payable Days17.9059.304543.1079.8049.8017.5018.102940.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Shri Keshav Cements & Infra Ltd FAQs

The current trading price of Shri Keshav Cements on 05-Jun-2026 10:31 is ₹139.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Shri Keshav Cements stood at ₹247.9 Cr

The latest P/E ratio of Shri Keshav Cements as of 04-Jun-2026 is 0.00.

The latest P/B ratio of Shri Keshav Cements as of 04-Jun-2026 is 2.76.

The 52-week high of Shri Keshav Cements is ₹286.8 and the 52-week low is ₹115.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shri Keshav Cements is ₹161 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shri Keshav Cements & Infra Ltd is a below average quality company.

The key valuation ratios of Shri Keshav Cements & Infra Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shri Keshav Cements & Infra Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Shri Keshav Cements & Infra Ltd

Katwa Udyog Limited, a Katwa Group company is engaged in manufacturing cement. It is the manufacturer of high strength Jyoti cement.

Shri Keshav Cement & Infra Ltd. (KCIL), formerly Katwa Udyog Limited) is public limited company incorporated in the year 1993 to manufacture 43 grade and 53 grade Ordinary Portland Cement. The company raised capital via IPO during 1995 to raise capital of Rs 512.42 lakh which was over subscribed by 12 times. The stocks are actively traded on the Bombay Stock Exchange. The company has posted profits since inception.

The company comes from a well reputed business group, which is into IT, Finance and Real estate. The other group companies are, Katwa Infotech Ltd, Katwa Construction Ltd and Katwa Finlease Ltd.

KCIL, is a public limited company with over 15 years in cement manufacturing and marketing. The company has posted profits since the inception and has been paying dividends regularly. The inception of the company began with acquisition of a sick cement plant of 20 TPD (Tons per day) in 1994. The capacity of the plant was gradually increased year after year to reach 600 TPD. The recent acquisition has added 300 TPD to the existing capacity. The company is undertaking an expansion project to increase the output to 3000 TPD which is One million TPA. On the financial side the company is confident to achieve 400% growth in FY-09 owing to the recent acquisition and recently concluded expansion plans.

The company stocks are traded as Katwa Udyog but board is currently in the process of changing the name to Shri. Keshav Cement & Infra. Ltd., so that the current activity of the company is correctly reflected in the name.

The company shares happiness of millions of people who have made their dream homes come true by using Jyoti cement. Jyoti cement takes every opportunity to present the benefits of technology and quality raw material to the people of Karnataka, the western coast, and the southern Maharashtra. The cement is manufactured by West German VSK technology, a technology known for producing high strength, quality cement. State of art technology, high-end communication and computerized network, specialized testing equipments and stringent quality checking policies ensure our customers a high quality, durable and economical OPC cement

Products manufactured by the company:

Jyoti Gold (43 Grade)

Ideally recommended for use in 

  • Major irrigation works
  • Roads & Bridge construction
  • Dams and water reservoirs
  • Multistoried building projects
  • Mass concrete structures 

Jyoti Power (53 Grade)

Jyoti power is the fast moving product. Major consumption is recorded in residential / domestic construction

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