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Saurashtra Cement Limited (SAURASHCEM) AI Stock Analysis

IN:SAURASHCEM

Saurashtra Cement Limited

(NSE:SAURASHCEM)

Select Model
Rating:56Neutral
Price Target:INR 47.00â–²(2.60% Upside)
Action:reiterated
Date:08/08/26

The score is driven primarily by solid balance sheet strength but constrained by volatile profitability and inconsistent cash generation. Technicals are improving in the near term (price above 20/50/100 DMA with positive MACD) but remain below the 200 DMA, while valuation is a notable headwind due to a high P/E and no dividend yield provided.

Positive Factors
Low LeverageLow leverage provides financial flexibility because a relatively small debt burden reduces pressure from interest and refinancing obligations. The company therefore has a stronger balance-sheet foundation to withstand operating volatility and support maintenance or growth investment over the coming quarters.
Negative Factors
Volatile ProfitabilityProfitability has not been consistent across recent periods, with earnings falling sharply after FY2024 and recovering only modestly in FY2026. This volatility makes sustainable earnings power harder to establish and leaves results more exposed to changing selling prices, volumes, and operating conditions.

Saurashtra Cement Limited (SAURASHCEM) vs. iShares MSCI India ETF (INDA)

-60%-50%-40%-30%-20%-10%0%10%IN:SAURASHCEM-54.01%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 6.20B
Dividend Yield
―
Average Volume (3M)
13.69K
Price to Earnings (P/E)
75.3
Beta (1Y)
1.55
Revenue Growth
7.86%
EPS Growth
-51.97%
Country
India
Employees
825
Sector
General
Sector Strength
55
Industry
Construction Materials

Saurashtra Cement Limited Business Overview & Revenue Model

Company Description

Saurashtra Cement Limited specializes in the production and distribution of cement and paint. Its business activities are organized into two main segments: Cement and Clinker, and Paints. The company's cement offerings include ordinary Portland, Port...

How the Company Makes Money

Saurashtra Cement Limited primarily makes money by manufacturing and selling cement and, where applicable, clinker produced at its cement plant. Its core revenue stream is the sale of cement to customers in the construction value chain (such as deale...

Saurashtra Cement Limited Financial Statement Overview

Summary

Balance sheet strength supports the score (low leverage with ~1.07B debt vs ~9.62B equity), but earnings and cash flows have been volatile. Profitability swung sharply after FY2024, with only a modest FY2026 recovery (~144M net income on ~16.7B revenue), and free cash flow stability remains a key risk (FY2025 negative, FY2026 only modestly positive).

Income Statement

56Neutral

Balance Sheet

74Positive

Cash Flow

49Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue9.03B16.66B15.38B17.55B16.45B14.51B
Gross Profit2.75B5.05B11.73B14.08B13.31B12.21B
EBITDA471.75M609.75M699.67M1.44B182.54M784.03M
Net Income279.57M144.18M69.83M565.95M-219.93M231.09M
Balance Sheet
Total Assets015.88B16.03B15.71B13.57B13.96B
Cash, Cash Equivalents and Short-Term Investments2.24B2.24B2.38B1.66B186.26M1.10B
Total Debt01.07B1.36B850.29M659.48M1.04B
Total Liabilities-9.62B6.26B6.55B6.43B4.75B4.92B
Stockholders Equity9.62B9.62B9.47B9.28B8.82B9.04B
Cash Flow
Free Cash Flow0118.43M-561.07M866.72M-174.88M-543.59M
Operating Cash Flow0411.89M302.30M1.55B214.52M-81.75M
Investing Cash Flow059.46M-52.48M-1.57B324.50M-298.63M
Financing Cash Flow0-288.20M267.86M26.54M-491.17M310.94M

Saurashtra Cement Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price45.81

Price Trends

50DMA52.87Negative
100DMA55.80Negative
200DMA60.12Negative

Market Momentum

MACD-1.95Positive
RSI32.11Neutral
STOCH39.13Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SAURASHCEM, the sentiment is Negative. The current price of 45.81 is below the 20-day moving average (MA) of 49.10, below the 50-day MA of 52.87, and below the 200-day MA of 60.12, indicating a bearish trend. The MACD of -1.95 indicates Positive momentum. The RSI at 32.11 is Neutral, neither overbought nor oversold. The STOCH value of 39.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SAURASHCEM.

Saurashtra Cement Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:SAURASHCEM against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:NCLINDIN:NCLIND69NeutralINR 7.18B7.53―2.20%2.74%182.86%
IN:SAURASHCEMIN:SAURASHCEM56NeutralINR 5.10B75.32――7.86%-51.97%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:DECCANCEIN:DECCANCE51NeutralINR 6.67B111.20―0.10%39.38%-70.89%
IN:SHREDIGCEMIN:SHREDIGCEM45NeutralINR 7.51B-88.95―1.97%32.60%-122.62%
IN:APCLIN:APCL42NeutralINR 2.42B-7.36――-10.65%50.21%
IN:ACLIN:ACL38UnderperformINR 3.33B-4.50――56.40%53.54%

* General Sector Average

Performance Comparison

-40%-20%0%IN:SAURASHCEMIN:ACLIN:APCLIN:DECCANCEIN:NCLINDIN:SHREDIGCEMDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:SAURASHCEM and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:SAURASHCEMSaurashtra Cement Limited45.81-54.79-54.46%
IN:ACLAndhra Cements Limited36.13-35.37-49.47%
IN:APCLAnjani Portland Cement Limited82.50-41.60-33.52%
IN:DECCANCEDeccan Cements Ltd476.00-553.44-53.76%
IN:NCLINDNCL Industries Ltd158.80-36.73-18.79%
IN:SHREDIGCEMShree Digvijay Cement Co. Ltd.50.80-38.31-42.99%

Saurashtra Cement Limited Corporate Events

Mehta Family Trust Adds 9.46% Indirect Stake in Saurashtra Cement in Internal Reorganization

Sep 29, 2026

The disclosure from Saurashtra Cement Limited details an internal restructuring within its promoter group, the Mehta family, involving the Mehta Family Trust’s indirect acquisition of voting rights via Omna Enterprises LLP. The transaction conc...

Saurashtra Cement Holds 68th AGM via Virtual Platform with Clean Audit Reports

Sep 23, 2026

Saurashtra Cement Limited held its 68th Annual General Meeting on 23 September 2026 via video conferencing and other audio-visual means, in line with Ministry of Corporate Affairs and SEBI guidelines. The company enabled remote e-voting ahead of the...

Saurashtra Cement Clears All Resolutions at Digitally Conducted 68th AGM

Sep 23, 2026

Saurashtra Cement Limited held its 68th annual general meeting on 23 September 2026 via video conferencing, in line with guidance from Indian corporate and securities regulators. The company facilitated shareholder participation through remote e-voti...

Saurashtra Cement Publishes Q1 FY27 Unaudited Results via Newspaper Ads

Aug 8, 2026

Saurashtra Cement Limited has published its unaudited financial results for the quarter ended 30 June 2026 through statutory newspaper advertisements in the Business Standard (Mumbai and Ahmedabad editions) and Jai Hind (Gujarati edition). The notice...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 08, 2026