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Saurashtra Cement Limited
(SAURASHCEM)
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Rating:56Neutral
Price Target:
₹51.00
▼(-11.89% Downside)
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 Leverage
Low leverage gives Saurashtra Cement greater financial flexibility than a highly indebted operator. A relatively light debt burden can help preserve borrowing capacity, reduce financing pressure, and support continued investment or resilience through construction-market cycles.
Negative Factors
Volatile Profitability
Large swings in profitability make earnings power difficult to sustain across business cycles. This volatility can limit confidence in recurring returns, weaken the predictability of internal funding, and leave results sensitive to changes in cement pricing, demand, and operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Low leverage gives Saurashtra Cement greater financial flexibility than a highly indebted operator. A relatively light debt burden can help preserve borrowing capacity, reduce financing pressure, and support continued investment or resilience through construction-market cycles.
Read all positive factors
Saurashtra Cement Limited (SAURASHCEM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.55B
Dividend Yield1.65%
Average Volume (3M)5.86K
Price to Earnings (P/E)84.5
Beta (1Y)1.51
Revenue Growth7.86%
EPS Growth-51.97%
CountryIN
Employees825
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)2.51
Shares Outstanding111,287,280
10 Day Avg. Volume5,678
30 Day Avg. Volume5,860
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)0.56
Price to Sales (P/S)0.32
P/FCF Ratio45.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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, P...
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 de...
Saurashtra Cement Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
74
Positive
Cash Flow
49
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.03B | 16.66B | 15.38B | 17.55B | 16.45B | 14.51B |
| Gross Profit | 2.75B | 5.05B | 11.73B | 14.08B | 13.31B | 12.21B |
| EBITDA | 471.75M | 609.75M | 699.67M | 1.44B | 182.54M | 784.03M |
| Net Income | 279.57M | 144.18M | 69.83M | 565.95M | -219.93M | 231.09M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 15.88B | 16.03B | 15.71B | 13.57B | 13.96B |
| Cash, Cash Equivalents and Short-Term Investments | 2.24B | 2.24B | 2.38B | 1.66B | 186.26M | 1.10B |
| Total Debt | 0.00 | 1.07B | 1.36B | 850.29M | 659.48M | 1.04B |
| Total Liabilities | -9.62B | 6.26B | 6.55B | 6.43B | 4.75B | 4.92B |
| Stockholders Equity | 9.62B | 9.62B | 9.47B | 9.28B | 8.82B | 9.04B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 118.43M | -561.07M | 866.72M | -174.88M | -543.59M |
| Operating Cash Flow | 0.00 | 411.89M | 302.30M | 1.55B | 214.52M | -81.75M |
| Investing Cash Flow | 0.00 | 59.46M | -52.48M | -1.57B | 324.50M | -298.63M |
| Financing Cash Flow | 0.00 | -288.20M | 267.86M | 26.54M | -491.17M | 310.94M |
Saurashtra Cement Limited Technical Analysis
Negative
57.88
Price Trends
56.26
Negative
57.26
Negative
62.16
Negative
Market Momentum
-1.56
Positive
40.01
Neutral
23.54
Neutral
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 57.88 is above the 20-day moving average (MA) of 52.42, above the 50-day MA of 56.26, and below the 200-day MA of 62.16, indicating a bearish trend. The MACD of -1.56 indicates Positive momentum. The RSI at 40.01 is Neutral, neither overbought nor oversold. The STOCH value of 23.54 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ₹7.34B | 7.83 | ― | 2.14% | 2.74% | 182.86% | |
56 Neutral | ₹5.55B | 84.52 | ― | 1.65% | 7.86% | -51.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹7.58B | 129.95 | ― | 0.09% | 39.38% | -70.88% | |
42 Neutral | ₹2.71B | -8.12 | ― | 1.16% | -10.65% | 50.21% | |
42 Neutral | ₹9.57B | 53.05 | ― | 1.55% | 19.63% | -35.00% | |
41 Neutral | ₹3.60B | -4.83 | ― | ― | 56.40% | 53.54% |
* General Sector Average
IN:SAURASHCEM
Saurashtra Cement Limited
50.74
-51.81
-50.52%
IN:ACL
Andhra Cements Limited
38.50
-39.43
-50.60%
IN:APCL
Anjani Portland Cement Limited
90.00
-38.20
-29.80%
IN:DECCANCE
Deccan Cements Ltd
545.25
-445.58
-44.97%
IN:NCLIND
NCL Industries Ltd
162.80
-35.23
-17.79%
IN:SHREDIGCEM
Shree Digvijay Cement Co. Ltd.
64.68
-23.32
-26.50%
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 c...
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 t...
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-v...
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 not...
Saurashtra Cement Shuts Ranavav Kiln for 24-Day Annual Maintenance
Jul 21, 2026
Saurashtra Cement Limited has temporarily shut down the kiln at its Ranavav cement plant in Gujarat from 21 July 2026 for approximately 24 days to carry out annual maintenance, in line with regulatory disclosure norms. While kiln operations are ha...
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.