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Companies›Commodities›Construction Materials›Cement & Cement Products

Shri Keshav Cements and Infra

Construction Materials › Cement & Cement Products
₹70.00
at close · 28 Oct 2026
▼ 1.40 (-1.96%)

Latest filings

  1. RTA certificate on demat of securities filed with BSE for Q2 FY27 · Compliance
  2. Trading window closed from Oct 1 till Q2 results declaration · Compliance
  3. Reappointment of Mr. Vilas Katwa as Managing Director approved at 33rd AGM · Management Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures cement at plants in Bagalkot (North Karnataka) backed by an integrated solar power setup, and also operates a petrol/diesel retail outlet and sells surplus solar power. Cement is the main revenue line — Q3 FY26 cement volumes were 78,000 tonnes, up 32% year-on-year — with the segment's share dominating the ₹161.31 cr FY26 top line. The 40 MW solar installation (25 MW captive for cement, 15 MW merchant) lowers cement power costs and is treated as a separate segment earning its own revenue. Petrol and diesel sales at what appears to be a fuel station contribute a small, recurring revenue line (₹3.29 cr in the FY26 YTD segment data). Capacity utilisation at the cement plant was 31% in Q3 FY26, against management's stated lowest-in-industry breakeven of 20-22%. Materials (limestone, clinker, pet coke etc.) are the biggest cost at 50.4% of revenue, followed by other opex (19.3%) and depreciation (11.6%).

Operating scale
Cement capacity
0.36 MT per annum (expanding to 1 MT)FY26
Solar capacity
40 MW (25 MW captive, 15 MW merchant)FY26
Q3 FY26 cement volume
78,000 tonnesQ3 FY26
Capacity utilisation
31% in Q3 FY26; breakeven 20-22%Q3 FY26
Term debt
₹159 cr (cut from ₹188 cr)Q3 FY26
Total bank loan facilities
₹269.35 cr (all from Canara Bank)Jun 2026
Who pays it
Cement buyers in North Karnataka, South Maharashtra and Goa (200-250 km radius); fuel retail consumers; solar power off-takers for merchant power.
Biggest cost
Materials at 50.4% of revenue — limestone, clinker and pet coke/fuel for cement kilns.
Kind of business
Small, asset-heavy cement producer with captive solar and a side fuel-retail business; capacity underutilised, debt-funded.
Where it sits
Sub-scale regional cement player in North Karnataka; competes with larger southern India cement companies facing overcapacity-driven price weakness.
Market Cap
₹123 Cr
P / E (TTM)
—
EV / EBITDA
9.6×
Div Yield
—
Growth
14.9%▲
Revenue 5y CAGR
PAT — · EBITDA +8.2%
Quality
8.8%·
ROCE (5y median)
ROE 6.0% (5y median) · margin 24.4%
Leverage
2.43·
Debt / Equity · high
Net debt ₹234 Cr
Revenue FY21→FY26
2.0×▲
Margin +6.4 pts
₹80 Cr → ₹161 Cr
Cash conversion
18.38×▲
Operating cash ÷ profit · 5 yrs
₹155 Cr on ₹8 Cr
Moves on a normal day
1.99%·
Median daily move
Last 266 sessions · the yardstick for filing-day moves
Where it sits among 37 Cement & Cement Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/B#18/34
ROCE#26/37
ROE#31/34
Debt / Equity#32/33
EBITDA margin#8/37
Revenue growth#10/37
Profit growth#36/37

Scorecard

Measured from the filed financials, judged against its Cement & Cement Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 15% a year over 5 years
Over 5 years it reported ₹8.44 Cr of profit and ₹155 Cr of operating cash — 18.38×
Profit is converting into cash
Concerns
Erratic profits — up in only 2 of the last 5 years
Carries more debt than its peers — 2.43× equity
higher than 97% of its 33 Cement & Cement Products peers

Charts

How has the market priced it — with filings on the timeline?

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

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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 Shri Keshav Cements and Infra's filed financials and exchange disclosures

What does Shri Keshav Cements and Infra do?

Shri Keshav Cements and Infra is a Cement & Cement Products company listed on BSE.

Is Shri Keshav Cements and Infra profitable?

No. Over the trailing twelve months Shri Keshav Cements and Infra reported a net loss of ₹15 Cr on revenue of ₹168 Cr.

Does Shri Keshav Cements and Infra pay a dividend?

Not in the latest reported year — Shri Keshav Cements and Infra's dividend payout for FY26 was nil.

Is Shri Keshav Cements and Infra debt-free?

No. It reported borrowings of ₹234 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹234 Cr after cash. Debt stands at 2.43× equity. That is higher than 97% of its 33 Cement & Cement Products peers.

How much does the Shri Keshav Cements and Infra share price move in a day?

On a typical session Shri Keshav Cements and Infra moves 1.99% — that is the median absolute close-to-close move across its last 266 trading days. MarketPing measures each filing's price reaction against it.

Where can I track Shri Keshav Cements and Infra's announcements?

Every NSE and BSE filing by Shri Keshav Cements and Infra appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.