Saurashtra Cement
- Market cap
- ₹ 503 Cr.
- P/E
- 33x
- P/B
- 0.54x
- 52-week range
- 44.76 – 105.7
- ROE
- 2%
- ROCE
- 2%
- Dividend yield
- 0%
- Debt / equity
- 0.11
- Sector
- Cement & Cement Products
- Industry
- Cement & Cement Products
- Listed on
- NSE, BSE
About
Saurashtra Cement Limited is an India-based company, which is engaged in the business of manufacturing and selling of cement and paints. The Company's segments include Cement & Clinker, and Paints. It manufactures portland pozzolana cement (PPC), ordinary portland cement (OPC 53 grade), portland slag cement (PSC) types of cement and clinker. The Company's products are marketed and distributed in bags, jumbo bags and loose by road, rail and sea - to suit customer's requirements located in Gujarat, Maharashtra, Rajasthan, Madhya Pradesh and the West Coast of India. Snowcem Paints operates paint division of the Company. Its paint products include exterior power paints, interior emulsion paints and waterproof cement paints. The Company's exterior power paints include UNIGLOSSS, PENTASIA, SNOWCRYL SANDTEX MATT, TRUMP and SNOWCEM PLUS. Its interior emulsion paints include ZENITA, CELESTE, SENTINO and SNOWPEARL. Its services include know your color, visualizer and budget calculator.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Cement & Cement Products: 42 companies →Saurashtra Cement against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)33 against a typical 30: pricier than most peers (1st = cheapest).21st of 40
- Sales growth+7.8% against a typical +9.4% from a year earlier.20th of 37
- Profit growth−45.8% against a typical −31.3% from a year earlier.20th of 28
- Share price, 3 months−18.5% against a typical −13.2%.26th of 39
- Size₹ 503 Cr. market value against a typical ₹ 686.3 Cr. (1st = largest).18th of 32
Latest announcements
Exchange filings and their impact on the company.
- Board names turnaround veteran Anurag Tiwari as MD-Designate to drive succession.
Saurashtra Cement's board on 12 October 2026 approved appointment of Mr. Anurag Tiwari as Managing Director-Designate as Senior Management Personnel from 16 October 2026. The company said the title denotes a proposed transition and does not create a separate statutory office. Tiwari is an IIT Roorkee and IIM Bangalore alumnus with 29 years across L&T, Siemens, UltraTech, Vedanta and SAR Group, with turnaround experience.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB- by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]BBB- | Stable | 29 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 29 Sep 2026 | Reaffirmed | [ICRA]BBB- | — | ICRA | ₹ 404 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 4 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 6 Aug 2026 | Financial Results | Pursuant to Regulation 29 of the Securities Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors is scheduled to be held on Thursday, 6th August, 2026, inter-alia, to consider and approve Un-audited Financial Results for the First Quarter & Three Months ended 30th June, 2026. The exchange was intimated on 26th June 2026 that the trading window for dealing in the securities of the Company will be closed for all Connected / Designated Persons and their immediate relatives from 1st July 2026 and shall remain closed till 48 hours after the announcement of Financial Results i.e. up to 8th August 2026. |
| 12 May 2026 | Financial Results | Pursuant to Regulation 29 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 12th May 2026, inter-alia, to consider Audited Financial Results (Standalone and Consolidated) for the Fourth Quarter and Financial Year ended 31st March 2026.The exchange was intimated on 27th March 2026 that the trading window stands closed from Wednesday 1st April 2026 upto 48 hours after the declaration of the Financial Results (Standalone and Consolidated) of the Company for the Fourth Quarter and Financial Year ended 31st March 2026. Accordingly, the trading window shall stand open from 15th May,2026.Kindly take the same on your record and acknowledge. |
| 9 Feb 2026 | Financial Results | Pursuant to Regulation 29 and other applicable provisions of SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015, we herebyinform you that a meeting of the Board of Directors of the Company isscheduled to be held on Monday, February 9, 2026, inter-alia, to consider Un-Audited Financial Results for the Third Quarter and Nine months ended31st December 2025. |
| 7 Nov 2025 | Financial Results | Pursuant to Regulation 29 of the Securities Exchange Board of India (Listing Obligations &Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board ofDirectors is scheduled to be held on Friday, 7th November, 2025, inter-alia, to consider and approve Un-audited Financial Results for the Second Quarter & Half Year ended 30thSeptember, 2025. |
| 27 Oct 2025 | Financial Results | Pursuant to Regulation 29 of the Securities Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors is scheduled to be held on Friday, 7th November, 2025, inter-alia, to consider and approve Un-audited Financial Results for the Second Quarter & Half Year ended 30th September, 2025. The exchange was intimated on 23rd September 2025 that the trading window stands closed from 24th September 2025 till 48 hours after the declaration of the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter ended 30th September 2025. Accordingly, trading window shall stand open from 10th November 2025. |
| 24 Jul 2025 | Financial Results | The Meeting of Board of Directors of the Company is scheduled to be held on Thursday, July 24, 2025 to consider and approve the financial results for the period ended Jun 30, 2025. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 375 | 447 | 497 | 386 | 296 | 378 | 478 | 424 | 386 | 410 | 447 | 457 |
| Expenses | 364 | 404 | 453 | 363 | 336 | 370 | 425 | 389 | 395 | 409 | 420 | 436 |
| Operating Profit | 11 | 43 | 45 | 23 | −40 | 8 | 53 | 35 | −10 | 1 | 26 | 21 |
| OPM % | 2.8% | 9.7% | 9% | 6% | −13.4% | 2.1% | 11% | 8.2% | −2.5% | 0.2% | 5.9% | 4.5% |
| Other Income | 3 | −11 | 25 | 5 | 4 | 3 | 13 | 5 | 5 | −2 | 1 | 5 |
| Interest | 2 | 2 | 2 | 3 | 4 | 4 | 2 | 3 | 2 | 3 | 2 | 3 |
| Depreciation | 10 | 10 | 17 | 10 | 10 | 11 | 11 | 11 | 10 | 11 | 12 | 11 |
| Profit before tax | 1 | 20 | 51 | 15 | −50 | −3 | 53 | 27 | −18 | −15 | 13 | 12 |
| Tax % | −4.3% | 36.8% | 38.5% | 33.2% | −37.5% | 32.9% | 37.7% | 36.6% | −37.4% | −32.4% | −47.8% | 23.7% |
| Net Profit | 1 | 13 | 31 | 10 | −31 | −4 | 33 | 17 | −11 | −10 | 19 | 9 |
| EPS in Rs | 0.07 | 1.13 | 2.8 | 0.89 | −2.83 | −0.39 | 2.96 | 1.51 | −0.99 | −0.92 | 1.69 | 0.82 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 12%
- 5 Years
- 20%
- 3 Years
- 0%
- TTM
- 8%
- 10 Years
- −5%
- 5 Years
- −21%
- 3 Years
- 44%
- TTM
- 91%
- 10 Years
- −3%
- 5 Years
- −11%
- 3 Years
- −8%
- TTM
- —
- 10 Years
- 5%
- 5 Years
- 2%
- 3 Years
- 3%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Saurashtra Cement | ₹ 47.10 | ₹ 503 Cr. | 33x | 0.5x | 2% | — |
| UltraTech Cement | ₹ 11,066.00 | ₹ 3,26,092 Cr. | 41.7x | 4.5x | 11.1% | 9.3% |
| Grasim Industries | ₹ 2,898.00 | ₹ 1,95,975 Cr. | 40.8x | 2x | 4.9% | 5.9% |
| Ambuja Cements | ₹ 358.00 | ₹ 88,956 Cr. | 21.9x | 1.8x | 8.3% | 13.8% |
| Shree Cement | ₹ 22,760.00 | ₹ 82,120 Cr. | 55.2x | 4.1x | 7.8% | 8.4% |
| Dalmia Bharat | ₹ 1,591.65 | ₹ 29,801 Cr. | 29.5x | 1.9x | 6.5% | 7.8% |
Management
- Prakash Chand Jain
- Chief Financial Officer
- Mohinderpal Singh Gilotra
- Managing Director, Executive Director
- Sonali Sanas
- Chief Legal Officer, Company Secretary and Strategy
Prices are delayed and for information only. Nothing on this page is investment advice.