SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Saurashtra Cement Ltd (SAURASHCEM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 502175 NSE: SAURASHCEM Cement & Construction Materials | Small Cap | Saurashtra Cement Share Price

₹58.72 -0.72 (-1.21%)

As on 05-Jun'26 09:09

Saurashtra Cement Ltd (SAURASHCEM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 502175 NSE: SAURASHCEM Cement & Construction Materials | Small Cap | Saurashtra Cement Share Price

₹58.72 -0.72 (-1.21%)

As on 05-Jun'26 09:09

Key Metrics
Valuation Multiples
Market Cap
₹661 Cr.
Current Price
₹58.7
52-Week Low / High
₹48 / 128
TTM EPS
₹1.3
TTM Sales
₹1,666 Cr.
Book Value per Share
₹86.4
P/E Ratio
45.88
Higher than its 5-year historical median
Industry PE
36.8
Price to Book (P/B)
0.69
Lower than its 5-year historical median
Price to Sales (P/S)
0.40
Lower than its 5-year historical median
EV/EBITDA
7.66
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.75%
Underperforms industry median
Return on Capital Employed (ROCE)
2.64%
Underperforms industry median
Return on Assets (ROA)
0.44%
Operating Profit Margin
2.9%
Net Profit Margin
0.45%
Gross Profit Margin
2.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-12.89%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-66.36%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-87.78%
Asset Quality
Promoter Holding
66.62%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹850 Cr.
Equity
₹111.3 Cr.
Face Value
₹10
All Time Low / High
₹6.00 / 4600.00

Saurashtra Cement stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is Saurashtra Cement Ltd a good quality company?
Saurashtra Cement Ltd is a average quality company, based on a somewhat consistent 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 Saurashtra Cement Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Saurashtra Cement Ltd vs industry peers?
Saurashtra Cement Ltd revenue CAGR is 20.38%, 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 Saurashtra Cement Ltd?
Promoters hold 66.62% of the Saurashtra Cement Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Saurashtra Cement Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -0.9% based on the current price.

10 Year X-Ray :

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 27.6%7.5%12.3%-0.5%17.8%20.9%5.8%-2.1%10.1%2.6%-
Value Creation
Index
1.0-0.5-0.1-1.00.30.5-0.6-1.2-0.3-0.8-

Growth Parameters

Sales 5304705746226086741,4511,6451,7651,5381,666
Sales YoY Gr.--11.2%22%8.4%-2.2%10.8%115.4%13.4%7.3%-12.9%-
Adj EPS 6.128.9-1.19.910.23.3-46.20.11.3
YoY Gr.--67.5%347.7%-111.8%NA3.8%-67.5%-219.5%NA-98.1%-
BVPS (₹) 4452.260.15863.874149.2145.383.485.186.4
Adj Net
Profit
36.913.861.6-7.368.671.518.9-22.668.71.414
Cash Flow from Ops. 76.434.249.314.362.6134-8.421.315530.1-
Debt/CF from Ops. 0.30.50.42.30.40.2-12.230.54.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 12.6%20.4%2%-12.9%
Adj EPS -35.4%-58.6%-67%-98.1%
BVPS7.6%5.9%-17.1%2.1%
Share Price -1% -7.1% -4% -34.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
14.64.415.9-1.815.914.72.7-2.57.60.11.5
Op. Profit
Mgn %
126.48.80.818.2174.40.47.42.93.1
Net Profit
Mgn %
72.910.8-1.211.310.61.3-1.43.90.10.9
Debt to
Equity
0.10.100.10.100.10.10.10.10
Working Cap
Days
8797887691865475849563
Cash Conv.
Cycle
20139142228253325289

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales5304705746226086741,4511,6451,7651,538
Operating Expenses + 4674415246174995591,3871,6401,6361,494
Manufacturing Costs246250269332264272831967887767
Material Costs4325304034164146167149
Employee Cost 3939414945459498112120
Other Costs 139127184195187200399429470459
Operating Profit 632950510911564613044
Operating Profit Margin (%) 11.9%6.3%8.7%0.8%18.0%17.0%4.4%0.3%7.3%2.8%
Other Income + 131118881216133617
Exceptional Items 10003-160-10-209
Interest 54355499814
Depreciation 13151818202033394742
Profit Before Tax 692146-77710336-299014
Tax 257-16-2213014-7337
Profit After Tax 441463-5577221-22577
PAT Margin (%) 8.3%3.0%10.9%-0.8%9.3%10.7%1.5%-1.4%3.2%0.5%
Adjusted EPS (₹)5.62.09.0-0.78.110.43.8-3.95.20.6
Dividend Payout Ratio (%)17.90%49.30%11.10%0%21.50%16.90%0%0%38.90%0%

Valuation of Saurashtra Cement - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

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 + 267361416402444517845824926947
Share Capital 6069696970705757111111
Reserves 207292346333374447789767815836
Debt +191716302517935980126
Long Term Debt1234651151033
Short Term Debt18151326181382546993
Minority Interest0000000000
Trade Payables27515263553784107204201
Others Liabilities 146162119100156172374366384331
Total Liabilities 4595906035966787441,3961,3571,5941,605

Fixed Assets

Net Fixed Assets +201317334349351345813831872932
Gross Block5876496757067217321,4361,4741,5361,625
Accumulated Depreciation386332341358370386623643663694
CWIP 40484337386178513131
Investments 19965480011
Inventories4858567810056186180263251
Trade Receivables141519163429597888101
Cash Equivalents 6470818010218820977249235
Others Assets 737363305057501399055
Total Assets 4595906035966787441,3961,3571,5941,605

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 7634491463134-82115530
PBT 692146-77710336-299014
Adjustment -4121021391731382433
Changes in Working Capital 241124-3930-651648-6
Tax Paid -12-10-9-3-14-16-11-3-8-10
Cash Flow From Investing Activity + -24-25-37-15-38-121-3032-157-5
Capex -24-31-31-31-23-39-45-38-67-84
Net Investments -00-123-21-835860-10066
Others 1551351-42101013
Cash Flow From Financing Activity + -65-7-123-23-1731-49327
Net Proceeds from Shares 9900002000
Net Proceeds from Borrowing -71123-2-8-12626
Interest Paid -5-3-3-4-3-3-8-8-7-12
Dividend Paid -12-7-7-7-12-6-40-11-11
Others -51-7-311-11-750-301424
Net Cash Flow -122021-4-75152

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)17.744.4816.1-1.1913.3815.073.15-2.666.530.75
ROCE (%)27.637.5212.29-0.4517.8320.885.8-2.0610.062.64
Asset Turnover Ratio1.351.010.991.060.980.971.391.231.241.01
PAT to CFO Conversion(x)1.732.430.78N/A1.111.86-0.38N/A2.724.29
Working Capital Days
Receivable Days10.309.8010.301014.7016.7010.9014.9016.7021.30
Inventory Days38.8036.7035.4038.7052.304129.7039.6044.3057.80
Payable Days310.30576.80634.80523.808,180.40406.70345.10240341.60496.20

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

Saurashtra Cement Ltd FAQs

The current trading price of Saurashtra Cement on 05-Jun-2026 09:09 is ₹58.72.

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 Saurashtra Cement stood at ₹661.5 Cr

The latest P/E ratio of Saurashtra Cement as of 04-Jun-2026 is 45.88.

The latest P/B ratio of Saurashtra Cement as of 04-Jun-2026 is 0.69.

The 52-week high of Saurashtra Cement is ₹128.4 and the 52-week low is ₹48.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Saurashtra Cement is ₹1,666 ( Cr.) .

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

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

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

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)

Subsidiary:

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.
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×