SAURASHCEMCommodities

Saurashtra Cement Limited

Cement & Cement Products · ISIN INE626A01014 · BSE 502175 · NSE EQ · FV ₹10
Last price
₹52
-0.80%today
What this company does

Saurashtra Cement Limited operates in Cement & Cement Products, part of the Commodities sector. It booked ₹457 cr of revenue in its latest quarter (Q1 FY27) and kept 2.0% of sales as profit.

The Company is engaged in the business of manufacturing and selling of Cement and Paints.
In the report:
54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Commodities, on the 5 of 6 measures we could read for it. Each measure is ranked against the 43–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
33

At close. Not part of the score.

Profitability & returns22

How much profit it earns on the money it employs

Balance sheet53

How much it owes, and whether earnings cover the interest

Cash quality69

Whether reported profit actually arrives as cash

Valuation62

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 8% vs last year
Promoters hold 67%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 2.0% net margin
! Profit down 46% vs last year
! Low 3.8% return on equity

What if I invest in SAURASHCEM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹52 -0.80%
latest close · 2026-09-17
52-wk low ₹5142 sessions so far52-wk high ₹72
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio15.8Average
LowAverageHigh
P/B ratio0.60Below book
Below bookModerateHigh
EV / EBITDA5.8Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity3.8%Weak
WeakFairStrong ▸15%
Return on capital5.5%Weak
WeakFairStrong
Net margin2.0%Thin
ThinDecentStrong
EBITDA margin5.7%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.11Comfortable
LowModerateHigh ▸1
Interest cover5.1×Strong
RiskyOkayStrong ▸5×
Current ratio1.18Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹578 cr
Book value
₹86
EPS
₹0.82
latest quarter
Net debt
₹27 cr
owes more than its cash
Enterprise value
₹605 cr
EBITDA
₹104 cr
annualised
EBIT
₹60 cr
annualised
Operating margin
3.3%
Return on assets
2.3%
Earnings yield
6.32%
P/S
0.32
Sales / share
₹164.2
Tax rate
23.7%
Face value
₹10
Shares
11.1 cr
Working capital
₹91 cr
Current assets
₹597 cr
Current liabilities
₹506 cr
Delivery %
61.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹42 vs market price ₹52 — price is 24% above it
Safety cushion-24.1%(target ≥ +20%)
Models span ₹33₹50, midpoint ₹42
Model ₹42
Price ₹52
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹457 cr
Other Income₹5 cr
Total Income₹462 cr
Cost of Materials₹88 cr
Purchases of Stock-in-Trade₹7 cr
Inventory Change (±)₹22 cr
Employee Benefit Expense₹28 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹11 cr
Other Expenses₹291 cr
Total Expenses₹450 cr
Profit before Tax₹12 cr
Tax Expense₹3 cr
Net Profit₹9 cr
Net margin on total income2.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹116 cr25.2%
Employee benefit expense₹28 cr6.1%
Finance costs₹3 cr0.6%
Depreciation & amortisation₹11 cr2.4%
Other expenses₹291 cr63.1%
Tax expense₹3 cr0.6%
Profit for the period₹9 cr2.0%
Total income ₹462 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue410 cr447 cr457 cr
Total income415 cr451 cr462 cr
Expenses423 cr434 cr450 cr
Profit before tax-15 cr13 cr12 cr
Tax-5 cr-6 cr3 cr
Net profit (owners' share)-10 cr19 cr9 cr
Net margin (owners' share, on revenue)-2.5%4.2%2.0%
EPS (₹)-0.921.690.82
YoY (latest quarter): total income +7.8% · net profit -45.8%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,588 cr
Shareholder equity
₹962 cr
parent shareholders
Total debt
₹106 cr
Cash
₹79 cr
Cash flow · H1 FY26
Operating
₹65 cr
Investing
₹-2 cr
Financing
₹-74 cr
Peer comparison
Cement & Cement Products · by market value
CompanyPriceMarket capP/E
UltraTech Cement Limited₹10,764₹3.17 L cr30.5
Grasim Industries Limited₹3,173₹2.16 L cr25.1
Ambuja Cements Limited₹383₹95,238 cr41.3
SHREE CEMENT LIMITED₹21,960₹79,232 cr37.4
JK Cement Limited₹5,027₹38,844 cr35.0
Dalmia Bharat Limited₹1,693₹32,173 cr42.2
ACC Limited₹1,233₹23,171 cr39.4
The Ramco Cements Limited₹859₹20,297 cr162.7
JSW Cement Limited₹117₹15,750 cr24.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1
ex 14 Aug 2024
ActionDetailEx-date
Dividend₹1 / share14 Aug 2024
Dividend₹1 / share23 Feb 2024
Dividend₹0.75 / share13 Sep 2021
Dividend₹1 / share12 Feb 2021
Dividend₹1 / share26 Feb 2020
Dividend₹0.75 / share22 Nov 2019
Who owns it · 2026-06-30
No pledge
Promoter
66.6%
FII / Foreign
0.1%
DII / Domestic
0.1%
Retail / others
33.2%
Promoter stake down 0.4% over the last 11 quarters.
Smart-money activity
Insider trades
SoldRANVIR MORARJI KHATAU · Promoter Group12,93523 Jun 25
BoughtNIHITA HEMNABH KHATAU · Immediate relative12,93523 Jun 25
SoldMr. M.S. Gilotra · Director20,000 · ₹21.4 L19 Dec 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Aug 2025
See the official result
1
Adoption of the Audited Standalone and Consolidated Financial Statements for the Financial Year ended 31st March, 2025 and Directors’ and Auditors’ Report thereon
Backed by 100% of shareholders other than promotersneeded 50%
34.36 L votes for, 1,692 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Hemnabh Ranvir Khatau (DIN:02390064), Non-Executive, Non-Independent Director who retires by rotation, and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
34.36 L votes for, 1,795 against · 0% of mutual funds and other big investors said no
3
Appointment of M/s. Ragini Chokshi & Co. (Certificate of Practice No. 1436), (Peer Reviewed Firm of Company Secretaries in Practice) as Secretarial Auditors for a period of 5 (five) years from Financial Year 2025-26 up to Financial Year 2029-30
Backed by 100% of shareholders other than promotersneeded 50%
34.36 L votes for, 1,809 against · 0% of mutual funds and other big investors said no
4
To ratify the appointment and remuneration of the Cost Auditors for the Financial Year ending 31st March, 2026
Backed by 100% of shareholders other than promotersneeded 50%
34.36 L votes for, 1,809 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 29 named members
owning 66.6% between them · as of 2026-06-30
MEHTA INVESTMENTS MAURITIUS LIMITED18.63%
THE MEHTA INTERNATIONAL MAURITIUS LIMITED15.23%
GALAXY TECHNOLOGIES PRIVATE LIMITED14.57%
OMNA ENTERPRISES LLP9.46%
GUJARAT INDUSTRIAL INVESTMENT CORPORATION LIMITED4.60%
ARJUN JAY MEHTA1.51%
JANHAVI MEHTA1.49%
PROMILLA SUBHASHCHANDRA KHANNA0.49%
Business done with them
FY2025 · 10 of the group
The company paid ₹7 cr to companies in the promoter group last year — about 0.4% of its ₹1,538 cr revenue.
MEHTA INVESTMENTS MAURITIUS LIMITED
Other payments to them · Dividend on Equity Shares
also owns 18.63% of the company
₹2 cr
company paid
THE MEHTA INTERNATIONAL MAURITIUS LTD
Other payments to them · Dividend on Equity Shares
also owns 15.23% of the company
₹2 cr
company paid
GALAXY TECHNOLOGIES PVT. LTD
Other payments to them · Dividend on Equity Shares
also owns 14.57% of the company
₹2 cr
company paid
OMNA ENTERPRISES LLP
Other payments to them · Dividend on Equity Shares
also owns 9.46% of the company
₹1 cr
company paid
ARJUN JAY MEHTA
Other payments to them · Dividend on Equity Shares
also owns 1.51% of the company
₹16.8 L
company paid
JUHI CHAWLA MEHTA
Other payments to them · Dividend on Equity Shares
also owns 0.07% of the company
₹0.73 L
company paid
TREASURERS TRADING LIMITED
Other payments to them · Dividend on Equity Shares
also owns 0.06% of the company
₹0.63 L
company paid
RANVIR MORARJI KHATAU
Other payments to them · Dividend on Equity Shares
₹0.13 L
company paid
RADHA MAHENDRA MEHTA
Other payments to them · Dividend on Equity Shares
₹0.05 L
company paid
THE MEHTA INTERNATIONAL LTD
Other payments to them · Dividend on Equity Shares
₹0.04 L
company paid

The company also transacted with 18 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.