Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
Shiva Cement Ltd (SHIVACEM)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532323 NSE: SHIVACEM Cement & Construction Materials | Small Cap | Shiva Cement Share Price
₹15.52 0.13 (0.84%)
As on 18-Sep'26 16:59
Shiva Cement Ltd (SHIVACEM)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532323 NSE: SHIVACEM Cement & Construction Materials | Small Cap | Shiva Cement Share Price
₹15.52 0.13 (0.84%)
As on 18-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹458 Cr.
Current Price
₹15.5
52-Week Low / High
₹12 / 30
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
35.5
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
39.85%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
66.50%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹59 Cr.
Face Value
₹2
All Time Low / High
₹0.85 / 62.54
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Weak
Is Shiva Cement Ltd a good quality company?
Shiva Cement 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 Shiva Cement Ltd performance compare with that of its Peers?
Revenue growth of Shiva Cement Ltd vs industry peers?
Shiva Cement Ltd revenue CAGR is %, compared to the industry median CAGR of 10.66%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Shiva Cement Ltd?
Promoters hold 66.50% of the Shiva Cement Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Shiva Cement Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.4% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Shiva Cement 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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -14.8% | -15.5% | -8.2% | -9.8% | -7.4% | -5.2% | -9.7% | 0.8% | -3.3% | -1.6% | - |
| Value Creation Index ⓘ | -2.1 | -2.1 | -1.6 | -1.7 | NA | NA | NA | NA | -1.2 | NA | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 22 | 25.3 | 29.4 | 32.4 | 28.5 | 3.5 | 0 | 347 | 311 | 435 | 481 |
| Sales YoY Gr. | - | 15% | 16.3% | 10.3% | -12.2% | -87.8% | -99.7% | 34,68,000% | -10.3% | 39.9% | - |
| Adj EPS ⓘ | -0.6 | -1.2 | -1 | -1 | -1.1 | -0.8 | -2.9 | -3.3 | -4.7 | -4.2 | -4 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 3.9 | 2.4 | 1.4 | 0.3 | -0.8 | -2 | -3.8 | -7 | 3.5 | -0.7 | -1.5 |
| Adj Net Profit ⓘ | -12.7 | -24 | -21.3 | -21.8 | -23.5 | -16.1 | -61.5 | -68.4 | -139 | -124 | -117 |
| Cash Flow from Ops. ⓘ | 34.7 | -59.3 | -4.8 | -11.2 | -4.5 | -113 | -110 | 253 | -56.5 | 84.9 | - |
| Debt/CF from Ops. ⓘ | 2.2 | -2.2 | -28.4 | -13.9 | -55.3 | -7.1 | -11.8 | 5.6 | -25 | 20 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 39.4% | 72.6% | 3417.4% | 39.9% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -183.1% | NA | NA | -121.1% | ||||
| Share Price | 9.4% | -13.4% | -30.2% | -47.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -13.9 | -36.2 | -53 | -122 | 425.2 | 53.8 | 101.5 | 60.7 | 639.7 | -305 | 357.5 |
| Op. Profit Mgn % ⓘ | -25.7 | -32.9 | -23.6 | -21.4 | -33.1 | -261.6 | -238136.4 | 11.2 | -2 | 3.1 | 7.1 |
| Net Profit Mgn % ⓘ | -58 | -95 | -72.4 | -67.3 | -82.6 | -465.6 | -1117251.8 | -19.7 | -44.6 | -28.5 | -24.2 |
| Debt to Equity ⓘ | 0.9 | 2.6 | 4.7 | 24.9 | -14.3 | -18.8 | -16.5 | -9.7 | 13.7 | -77.2 | - |
| Working Cap Days ⓘ | 628 | 456 | 447 | 405 | 855 | 18,730 | 2,10,17,447 | 329 | 350 | 361 | 78 |
| Cash Conv. Cycle ⓘ | 248 | 118 | 113 | 90 | 109 | 1,184 | 17,13,091 | -15 | 10 | 8 | -104 |
Valuation of Shiva Cement - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
No data found!
No data found!
No data found!
No data found!
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Shiva Cement Ltd FAQs
The current trading price of Shiva Cement on 18-Sep-2026 16:59 is ₹15.52.
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 17-Sep-2026 the market cap of Shiva Cement stood at ₹457.8 Cr
The latest P/E ratio of Shiva Cement as of 17-Sep-2026 is 0.00.
The latest P/B ratio of Shiva Cement as of 17-Sep-2026 is -10.57.
The 52-week high of Shiva Cement is ₹30.39 and the 52-week low is ₹12.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shiva Cement is ₹481 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shiva Cement Ltd is a below average quality company.
The key valuation ratios of Shiva Cement 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 Shiva Cement Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Shiva Cement Ltd
Shiva Cement manufactures cement and allied products in India. It offers various types of cements, including PS cement. The company is based in Rourkela, India. The company has its plants located at Kalunga and Sundargarh in Orissa. The company has a combined installed capacity of 177,000 tonne per annum. ACC has 15% stake in Shiva Cement and is likely to increase it to 25%. Shiva Cement also sells ACC cement in West Bengal and in some pockets of north-eastern India.
Milestones:
2003: - Tied up an ECB for $7 million with Habib Bank.
2005: - In September 2005, the company received an in-principle approval for its debt restructuring plan from its consortium of bankers, lead by IFCI.
2007: - On July 17, 2007 the shareholders approved the preferential allotment of 1,000,000 equity shares to IFCI.
On June 18, 2007 the board approved the allotment of 9,500,000 equity shares upon conversion of equity share warrants out of 23,000,000 existing equity shares warrants.
2010 - Shiva Cement has won first prize for ""Best overall performance"" on the occasion of 48th Mines Safety Week Celebration, Chaibasa Region under Directorate General of Mines Safety, Ministry of Labour, Govt. of India.
-The Company has been selected for the National Safety Award (Mines) for the year 2008 under the category "Lowest injury frequency rate" by the Directorate General of Mines & Safety, Dhanhad, Govt. of India.
-The Company has received a "Certificate of Merit" awarded by 'Dalal Street Investment Journal' for ranking among India's top 400 small cap company.
2011 -ShivaCement signed MOU with Govt. of Odisha for expanding the plant capacity.
2012 -Kharkurbahai Limestone Mines of Shiva Cement Ltd has been awarded Second prize in "Air Quality Management" during 14th Mines Environment & Mineral Conservation Week 2011-12 under the Aegis of Indian Bureau of Mines, Govt. of India.
Business areas of the company:
The company’s principal activity is to manufacture cement and allied products. Its product includes PS cement.
You have 44 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
