SHREE DIGVIJAY CEM CO LTD

Manufactures and sells cement in India, with blended cements (PPC, composite, slag) forming the bulk of the portfolio and a specialty oil well cement that makes up 15% of revenue. Nearly all revenue (99.8%) is from domestic sales, primarily in Gujarat where Saurashtra is the main market, and 0.2% comes from overseas. Standalone cement capacity was doubled to 3.0 million tons per annum from October 2025 with a new grinding unit at Sikka. From March 19, 2026, the company also began distributing cement from Hi-Bond Cement under a Brand Distribution Agreement, under which it purchases at cost plus INR500/MT and sells at market price, making it the third-largest cement player in Gujarat. The largest cost line is other operating expenses at 59.9% of revenue (covering freight, outsourced clinker and selling costs), followed by materials at 24.1%, employees at 5.7% and depreciation at 4.2%.