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Saurashtra Cement Limited (SAURASHCEM) AI Stock Analysis

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IN:SAURASHCEM

Saurashtra Cement Limited

(NSE:SAURASHCEM)

Select Model
Rating:51.3Neutral
Price Target:INR 49.00â–²(2.36% Upside)
Action:reiterated
Date:11/09/26

The score is primarily constrained by thin profitability and inconsistent cash generation, despite a conservative balance sheet. Weak technical positioning and a high P/E ratio provide additional downside pressure.

Positive Factors
Low LeverageLow leverage gives Saurashtra Cement a comparatively resilient financial foundation. Debt is small relative to equity, preserving flexibility to manage industry cycles, support maintenance or growth investment, and absorb weaker operating periods without excessive financing pressure.
Negative Factors
Volatile ProfitabilityProfitability has not been dependable across periods: the company moved from strong FY2024 earnings to much weaker FY2025 results and only a modest FY2026 recovery. This volatility makes sustainable margins and normalized earnings power harder to establish.

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

-60%-50%-40%-30%-20%-10%0%10%IN:SAURASHCEM-50.26%INDA-5.86%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
INR 5.34B
Dividend Yield
―
Average Volume (3M)
5,870
Price to Earnings (P/E)
80.0
Beta (1Y)
1.41
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

The balance sheet is sound, with low leverage and steadily increasing equity. However, weak profitability, compressed margins, and inconsistent cash flow limit the financial performance score.

Income Statement

55Neutral

Balance Sheet

72Positive

Cash Flow

48Neutral
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 Price47.87

Price Trends

50DMA51.23Negative
100DMA54.90Negative
200DMA58.80Negative

Market Momentum

MACD-0.77Negative
RSI43.54Neutral
STOCH67.45Neutral

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 47.87 is below the 20-day moving average (MA) of 47.95, below the 50-day MA of 51.23, and below the 200-day MA of 58.80, indicating a bearish trend. The MACD of -0.77 indicates Negative momentum. The RSI at 43.54 is Neutral, neither overbought nor oversold. The STOCH value of 67.45 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 7.63B7.98―2.07%2.74%182.86%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:SAURASHCEMIN:SAURASHCEM51NeutralINR 5.33B80.02――7.86%-51.97%
IN:SHREDIGCEMIN:SHREDIGCEM45NeutralINR 8.64B-102.51―1.71%32.60%-122.62%
IN:APCLIN:APCL42NeutralINR 2.67B-8.15――-16.56%27.18%
IN:ACLIN:ACL40UnderperformINR 3.59B-5.94――72.06%63.74%
IN:DECCANCEIN:DECCANCE38UnderperformINR 6.83B116.32―0.10%39.38%-70.89%

* 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 '26Nov '26
IN:SAURASHCEM and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:SAURASHCEMSaurashtra Cement Limited47.87-49.13-50.65%
IN:ACLAndhra Cements Limited38.94-38.18-49.51%
IN:APCLAnjani Portland Cement Limited90.95-32.35-26.24%
IN:DECCANCEDeccan Cements Ltd487.25-395.62-44.81%
IN:NCLINDNCL Industries Ltd168.75-33.16-16.42%
IN:SHREDIGCEMShree Digvijay Cement Co. Ltd.58.38-30.39-34.23%

Saurashtra Cement Limited Corporate Events

Saurashtra Cement Faces Rs 1.91 Crore GST Demand Notice

Nov 8, 2026

Saurashtra Cement received a show-cause notice from Gujarat’s State Tax Department under GST law concerning alleged non- or short payment of GST on royalty, DMF, NMET and dead or surface rent charges for financial year 2022-23. The notice cites a tot...

Saurashtra Cement Publishes September 2026 Unaudited Results

Nov 6, 2026

Saurashtra Cement Limited is a Gujarat-based cement manufacturer serving India’s construction sector.The company published newspaper advertisements announcing its unaudited standalone and consolidated financial results for the quarter and half year e...

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 concerns p...

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...

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: Nov 09, 2026