Saurashtra Cement Ltd Stock Analysis

BSE: 502175 | NSE: SAURASHCEM | Cement & Construction Materials | Small Cap

BSE Share Price 29-Sep-2023 16:33
77.34 2.18 (2.90%)

DeciZen - Make an Informed Decision on Saurashtra Cement

Overall Rating

1. Quality

2. Valuation


3. Price Trend

Saurashtra Cement Price Chart

P/E Ratio (SA):
Market Cap:
832.5 Cr.
52-wk low:
52-wk high:
Bole Toh?

1. Is Saurashtra Cement Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Saurashtra Cement Ltd is a average quality company.

2. Is Saurashtra Cement Ltd undervalued or overvalued?

The key valuation ratios of Saurashtra Cement Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Saurashtra Cement Ltd a good buy now?

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

10 Year X-Ray of Saurashtra Cement:

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.
Saurashtra Cement Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 11.2%20.7%15%4.9%15.8%-0.9%15.6%14.6%3.3%-1.6%-
Value Creation Index -

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5315635304705746226086741,4511,6451,341
YoY Gr. Rt. %-5.9%-5.9%-11.2%22%8.4%-2.2%10.8%115.4%13.4%-
YoY Gr. Rt. %-102.2%-32.5%-67.5%347.7%-111.8%NA3.8%-67.5%-219.5%-
BVPS (₹) 31.544.74452.260.15863.874149.2145.380.4
Adj Net Profit 2346.536.913.861.6-7.368.671.518.9-22.6-2
Cash Flow from Ops. 8379.976.434.249.314.362.6134-8.421.3-
Debt/CF from Ops.


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.4%23.5%39.3%13.4%
Adj EPS -198.7%-185.1%-173.9%-219.5%
Share Price 19.8% 12.9% 24.1% 24%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % 14.322.814.64.415.9-1.815.914.72.7-2.5-0.2
Op. Profit Mgn % 11.615.9126.48.80.818.2174.40.42.5
Net Profit Mgn % 4.38.372.910.8-1.211.310.61.3-1.4-0.2
Debt to Equity
Working Cap Days 707587978876918654750
Cash Conv. Cycle 21192013914222825330

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 39.34%

Sales growth is good in last 4 quarters at 12.24%

Return on Equity is Poor

Latest Financials - Saurashtra Cement Ltd.

Standalone Consolidated
TTM EPS (₹) -0.2 -0.2
TTM Sales (₹ Cr.) 1,341 1,341
BVPS (₹.) 80.4 80.4
Reserves (₹ Cr.) 779 780
P/BV 0.94 0.93
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 48.02 / 84.40
All Time Low / High (₹) 6.00 / 4600.00
Market Cap (₹ Cr.) 833
Equity (₹ Cr.) 110.8
Face Value (₹) 10
Industry PE 47.8

Management X-Ray of Saurashtra Cement :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *37.8437.8419.5819.5819.5819.6219.6119.610.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Saurashtra Cement

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


Saurashtra Cement Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Saurashtra Cement on 29-Sep-2023 16:33 is : 77.34.
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 29-Sep-2023 16:33 the market cap of Saurashtra Cement stood at ₹ 832.5.
The latest PE ratio of Saurashtra Cement as of 29-Sep-2023 16:33 is 0.00.
The latest PB ratio of Saurashtra Cement as of 29-Sep-2023 16:33 is 0.94
The 52-week high of Saurashtra Cement is ₹ 84.40 and the 52-week low is ₹ 48.02.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Saurashtra Cement is ₹ 1,341 ( Cr.) .

About Saurashtra Cement Ltd

Saurashtra Cement (SCL) is the flagship company of the Mehta Group, formed in 1956. SCL is one of the leading players in the Indian cement industry, manufacturing Ordinary Portland Cement (OPC) and Pozzolana Portland Cement (PPC). It also added Sulphate Resistant Cement (SRC) and Portland Slag Cement (PSC) to its product range. SCL markets cement under the brand name 'Hathi Cement'. The product is marketed in 50 kg bag, packed in HDPE/PP or paper bags. The product is identified in the market by a special greenish tinge to give superior finish on external surface. Keeping in tune with the recent market trends, the company has launched cement packed in 1 kg, 2 kg, 5 kg and 10 kg bags in the retail cement market under the brand name ‘Chhotu Hathi’.  SCL's plant at Ranvav in Gujarat state has a cement manufacturing capacity of 1.4 MTPA. The plant at Ranvav is a modern energy efficient dry process based plant comparable to international standards and makes use of latest machinery sourced from reputed international companies. The plant offers locational advantages because of its proximity to the Porbandar and Veraval/Okha ports. SCL thus has competitive access to the large export markets in the Middle East countries, Sri Lanka and Bangladesh by the economical sea route.  SCL's modernization scheme implemented in the past has paid the results. State-of-the-art equipment and control systems installed has led to capacity enhancement, reduction in power and fuel consumption and improvement in quality and emission levels.

Product range of the company includes:

  • Ordinary Portland Cement (OPC)
  • Pozzolana Portland Cement (PPC)
  • Sulphate Resistant Cement (SRC)
  • Portland Slag Cement (PSC)


Gujarat Sidhee Cement Limited (GSCL) was originally set up as a joint venture between the Gujarat Industrial Investment Corporation and The Mehta Group. GSCL’s plant uses the latest Dry Process Pre-calcination technology comparable to international standards. The state-of-the art plant makes use of machinery which is sourced from reputed international companies. The plant, operating at over 100% capacity, is also one of India's cost effective cement producers.

Awards & Achievements:

  • ISO 9002 Certification from RWTUV, Germany for Quality Systems.
  • ISO 14001 Certification from RWTUV, Germany for Environmental Management System.
  • National Productivity Award for Best Production Performance 1995-96.
  • National Productivity Award for Second Best Productivity in 1994-95, 1995-96 & 1996-97.
  • CAPEXIL Award for Export Recognition, 1995
  • Indira Gandhi National Memorial Award for Excellence in Indian Industry.
  • In addition to the above, the Company has received about 50 Awards from Indian Bureau of Mines and Director General of Mines Safety for Mining in relation to Pollution Control, Soil Management, Safety, Operations & Aforestation etc.
  • SCL is an ISO 9001:2000 company and recognized Export House in the country.
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