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%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Domestic Sales (100%), Overseas Sales (0%). Cyclical, asset-heavy cement manufacturing and distribution
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 629 | 727 | 792 | 725 | 749 |
| EBITDA (ex other income) | 117 | 101 | 146 | 57 | 71 |
| margin % | 18.6 | 13.9 | 18.4 | 7.9 | 9.4 |
| Owners' profit | 55 | 0 | 0 | 0 | 25 |
| EPS, as reported (₹) | 3.86 | 0.00 | 6.01 | 1.71 | 1.69 |
| ROE % · ROCE % | 17.7 · 26.3 | 17.9 · 21.2 | 23.0 · 30.3 | 6.9 · 7.9 | 6.8 · 5.1 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.30 | 1.40 |
| Cash from operations | 57 | 86 | 96 | 135 | (411) |
| Capex | (35) | (21) | (59) | (183) | (79) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 145 | 187 | 216 | 196 | 161 | 183 | 208 | 337 |
| Profit before tax | 1 | (6) | 25 | 19 | 14 | (9) | 11 | 9 |
| Net profit | 0 | (5) | 18 | 14 | 10 | (7) | 8 | 7 |
| EPS (₹) | 0.03 | (0.33) | 1.24 | 0.93 | 0.69 | (0.47) | 0.54 | 0.46 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ULTRATECH CEMENT LIMITED | 3,24,148 | 37.9 | 4.02 | 19.9 | 10.1 | 10.2 | 14.6 | 20.8 |
| GRASIM INDUSTRIES LTD | 2,23,350 | 39.1 | 1.31 | 17.4 | 6.1 | 3.2 | 18.1 | 16.6 |
| AMBUJA CEMENTS LTD | 97,375 | 22.1 | 1.36 | 13.7 | 7.8 | 4.3 | — | 18.3 |
| SHREE CEMENT LIMITED | 81,433 | 50.0 | 3.49 | 15.7 | 7.5 | 9.4 | 9.2 | 23.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 25 Aug 2026 · 81st AGM on 16 Sep 2026; FY26 Annual Report notice | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Newspaper publication of 81st AGM Notice | compliance | minimal | — | — |
| 20 Aug 2026 · Shree Digvijay Cement files BRSR for FY 2025-26 | compliance | low | — | — |
| 20 Aug 2026 · Shree Digvijay Cement 81st AGM notice and Annual Report submission | board shareholder meetings | medium | — | — |
| 20 Aug 2026 · 81st AGM on 16 Sep 2026; Dividend of Rs 1/share; Amit Arora as CEO appointment | board shareholder meetings | low | — | — |
| 20 Aug 2026 · 81st AGM notice published in newspapers, scheduled for 16 Sep 2026 | compliance | minimal | — | — |
| 25 Jul 2026 · Newspaper publication of Q1 FY27 unaudited results | compliance | minimal | — | — |
| 24 Jul 2026 · Shree Digvijay Cement sets AGM on Sep 16, fixes Sep 9 as dividend record date | corporate actions | high | — | — |
| 24 Jul 2026 · AGM on 16 Sep 2026; record date 9 Sep set for FY26 dividend | corporate actions | high | — | — |
| 24 Jul 2026 · Q1 FY27 results: revenue up 72% YoY but PAT halves | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| JK CEMENT LIMITED | 37,445 | 39.6 | 5.28 | 17.2 | 13.9 | 10.3 | 15.7 | 17.0 |
| DALMIA BHARAT LIMITED | 33,326 | 35.2 | 1.84 | 12.2 | 6.4 | 5.2 | 7.1 | 19.6 |
| ACC LIMITED | 23,444 | 12.3 | 1.14 | 6.8 | 10.4 | 9.9 | — | 8.4 |
| THE RAMCO CEMENTS LIMITED | 20,521 | 31.8 | 2.54 | 11.9 | 8.6 | 7.1 | 11.3 | 14.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 56.1 | 24.6 | 30 of 35 | 15% |
| P/B | 2.8 | 1.5 | 26 of 34 | 24% |
| ROCE | 4.0 | 3.7 | 18 of 37 | 53% |
| ROE | 6.8 | 7.7 | 22 of 38 | 43% |
| Debt / Equity | 1.4 | 0.4 | 36 of 38 | 5% |
| EBITDA margin | 9.0 | 13.1 | 28 of 37 | 25% |
| Revenue growth | 72.1 | 7.8 | 1 of 37 | 100% |
| Profit growth | (50.5) | (24.7) | 26 of 37 | 31% |
| Market cap | 1013 | 2005 | 21 of 38 | 46% |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
