SHIVA CEMENT LTD.
Latest filings
- Revenue rises, but large losses and operating uncertainty persist · Board & Shareholder Meetings
- September 2026 results: higher sales, lower losses and continuity risk · Results
- Board meeting on Oct 23 to consider Q2 and H1 FY26 results · Board & Shareholder Meetings
Snapshot
What the business is, and whether it's a good one at a fair price.
Makes clinker and cement at facilities in Odisha and recently commissioned a 1 MTPA grinding unit at Sambalpur, taking clinker capacity to 1.32 MTPA. Plant utilisation ran around 93% in FY26 with clinker output up over 30% YoY. Cement operations drove FY26 revenue from operations of Rs 43,516.77 lakhs, up 39.8% from the prior year, though the company stayed loss-making with a net loss of Rs 12,553.25 lakhs and accumulated losses of Rs 55,918.60 lakhs. In July 2026 it received Consent to Operate for the Khatkurbahal (North) Block limestone and dolomite mine, allowing merchant sale of dolomite at 2.4 million tonnes per annum from a mineable resource of 48.27 MT (89.09 MT total). Cost structure is dominated by other operating expenses at 62.6% of revenue, materials at 26%, depreciation at 9.6% and employee costs at 6.3%, with capex at 54.3% of revenue reflecting the grinding unit build-out.
Scorecard
Measured from the filed financials, judged against its Cement & Cement Products peers · as of FY26 — not investment advice
Strengths
Concerns
Charts
How has the market priced it — with filings on the timeline?
SHIVACEM · price
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Peers
How does it stack up on valuation, returns and growth?
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Financials
Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Ownership
Who owns it — and is the promoter stake clean?
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Common questions
Answered from SHIVA CEMENT LTD.'s filed financials and exchange disclosures
What does SHIVA CEMENT LTD. do?
SHIVA CEMENT LTD. is a Cement & Cement Products company listed on NSE and BSE, trading under the symbol SHIVACEM.
Is SHIVA CEMENT LTD. profitable?
No. Over the trailing twelve months SHIVA CEMENT LTD. reported a net loss of ₹126 Cr on revenue of ₹435 Cr.
Does SHIVA CEMENT LTD. pay a dividend?
Not in the latest reported year — SHIVA CEMENT LTD.'s dividend payout for FY26 was nil.
Is SHIVA CEMENT LTD. debt-free?
No. It reported borrowings of ₹1,694 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹1,693 Cr after cash. Its net worth is negative — liabilities exceed assets by ₹22 Cr, so a debt-to-equity ratio is not meaningful.
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Figures are as last reported and may lag the latest filing. Not investment advice.