Deccan Cements Ltd.

•

deccancements.comBSE: 502137NSE: DECCANCE

Market Cap₹ 792 Cr.

Current Price

High / Low₹ 1,165 / 525

Stock P/E135.3

Book Value₹ 531

Price to Book1.52

Dividend Yield0.09 %

ROCE1.8 %

ROE1.0 %

Face Value₹ 5

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ABOUT

AI Sector View

AI GENERATED

Construction Materials

Buy

Construction materials remain supported by healthy building activity. Core industries cement growth accelerated to 13.1% YoY (2026-07), while finished steel consumption was 8.0% YoY (2026-06); steel output itself was softer at 2.9% YoY (2026-07). FPI positioning is still mildly negative at INR -497 crore over 3 months to 2026-08-31, but the fundamental demand backdrop remains constructive.

Confidence

69%

View full sector analysis →

PROS

Working capital cycle has improved - days down from 60 to 35
Institutional investors have been accumulating - FII+DII up 4.8pp
Company has a consistent dividend-paying track record

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (150.6% of PBT)
Recent results are weak - TTM profit is down 87.4% versus prior year
Receivables are growing faster than sales - a possible quality concern
Company has a low return on capital employed of 5.6%
Company has a low return on equity of 4.6% over last 3 years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Construction MaterialsConstruction MaterialsCement & Construction Materials

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ULTRACEMCO	11223.45	38.73	330731.69	2.14	2603.72	17.24	24648.20	15.85	13.25	20.35
2.	AMBUJACEM	403.20	22.89	100187.83	0.50	660.00	-31.93	9500.00	-7.67	6.24	16.78
3.	SHREECEM	24000.00	53.12	86593.80	0.62	531.12	-17.48	6233.13	18.03	10.61	20.41
4.	JKCEMENT	5038.10	41.17	38928.52	0.40	274.62	-15.31	4031.72	20.26	14.89	16.07
5.	DALBHARAT	1770.60	35.60	33210.43	0.51	192.00	-51.39	3890.00	6.99	8.15	20.69
6.	ACC	1272.00	12.51	23886.54	0.59	147.00	-60.84	5808.00	-4.59	11.60	7.90
7.	RAMCOCEM	879.35	32.22	20778.37	0.28	31.24	-63.06	2273.05	9.60	10.75	13.49
8.	JSWCEMENT	123.35	22.11	16817.11	0.41	153.43	111.23	1896.41	21.58	-4.21	16.41
9.	NUVOCO	337.95	31.27	12070.09	0.00	159.63	19.88	3128.71	8.91	7.11	18.16
10.	INDIACEM	358.55	120.14	11111.36	0.00	26.85	120.20	1019.42	-0.52	0.30	15.28
11.	STARCEMENT	184.40	20.16	7453.09	0.54	73.91	-24.71	942.89	3.39	8.42	20.63
12.	DECCANCE	565.10	135.56	791.56	0.09	-7.39	-148.14	219.34	45.68	1.64	7.68

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	192	167	217	223	172	120	115	119	151	140	131	214	219
	167	154	188	197	161	118	107	106	123	120	119	197	234
Operating Profit	25	14	29	26	11	2	9	13	28	20	11	17	-14
OPM %	13.13%	8.19%	13.18%	11.79%	6.58%	1.83%	7.58%	11.03%	18.52%	14.36%	8.70%	8.05%	-6.54%
	3	4	4	-11	3	3	3	7	3	2	2	14	9
Interest	2	3	4	3	3	3	4	3	3	3	6	15	16
Depreciation	7	7	7	7	7	7	7	7	7	7	8	14	16
Profit before Tax	19	8	22	5	4	-5	1	10	20	12	-1	2	-9
Tax %	26.12%	37.68%	30.31%	35.68%	34.80%	25.92%	45.27%	23.63%	25.01%	27.29%	20.29%	-134.83%	22.20%
Net Profit	14	5	15	3	3	-4	1	8	15	9	-1	5	-7
	10.10	3.38	10.98	2.15	2.00	-2.88	0.58	5.68	10.96	6.47	-0.40	3.37	-5.24

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	665	496	570	651	555	758	792	782	799	527	704
	550	396	485	556	477	582	630	684	706	492	670
Operating Profit	115	100	85	95	79	176	162	97	94	35	34
OPM %	17.24%	20.22%	14.98%	14.63%	14.14%	23.22%	20.43%	12.45%	11.75%	6.73%	4.89%
	1	2	4	10	-0	10	-8	9	-0	16	27
Interest	15	7	6	8	7	8	10	13	13	13	39
Depreciation	20	22	23	22	21	23	26	27	28	28	44
Profit before Tax	81	74	61	75	51	155	117	67	53	11	4
Tax %	43.45%	36.30%	36.64%	38.63%	-12.08%	25.90%	25.32%	26.00%	30.32%	29.96%	-36.36%
Net Profit	46	47	39	46	57	115	88	49	37	8	6
EPS	0.00	0.00	0.00	0.00	0.00	82.19	62.52	35.19	26.60	5.38	—
Dividend Payout %	7.69%	8.97%	10.90%	11.40%	9.89%	6.08%	8.00%	10.66%	11.28%	11.16%	—

COMPOUNDED SALES GROWTH

10 Years:: 0%
5 Years:: -1%
3 Years:: -13%

COMPOUNDED PROFIT GROWTH

10 Years:: -9%
5 Years:: -33%
3 Years:: -56%

STOCK PRICE CAGR

10 Years:: 2%
5 Years:: -5%
3 Years:: 1%
1 Year:: -48%

RETURN ON EQUITY

10 Years:: 12%
5 Years:: 10%
3 Years:: 5%
Last Year:: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	7	7	7	7	7	7	7	7	7	7
	279	325	358	399	443	558	639	680	712	715
	105	92	62	81	89	85	147	246	515	712
Trade Payables	20	3	3	5	23	44	30	55	41	36
	81	107	129	130	148	167	162	167	172	154
Total Liabilities	493	535	560	621	710	861	985	1,155	1,446	1,625
	342	375	361	352	376	445	452	439	423	402
Capital Work in Progress	34	0	4	9	60	9	21	241	514	805
	0	2	2	2	2	1	0	0	0	0
	54	57	59	65	67	69	80	113	101	101
	0	0	0	0	0	0	0	0	54	58
Cash & Bank	35	53	76	131	117	260	298	214	231	144
	28	47	57	62	89	77	134	148	123	115
Total Assets	493	535	560	621	710	861	985	1,155	1,446	1,625

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	159	83	90	78	56	232	118	70	57	-38
Cash from Investing	-7	-27	-12	-14	-90	-45	-92	-219	-277	-227
Cash from Financing	-125	-15	-36	10	32	-9	45	80	238	178
	9	19	23	55	-15	143	38	-85	18	-87

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	65.05	66.92	27.52	32.88	40.44	82.19	62.52	35.19	26.60	5.38
Book Value (₹)	408.54	474.47	260.83	290.12	321.18	403.34	460.86	490.77	513.27	515.75
Dividend per Share (₹)	5.00	6.00	3.00	3.75	4.00	5.00	5.00	3.75	3.00	0.60
Cash EPS (₹)	47.04	48.97	43.72	48.81	55.37	98.73	81.01	54.75	46.33	25.42
PROFITABILITY
Operating Margin %	15.38%	17.52%	15.03%	16.15%	15.86%	24.55%	21.74%	13.64%	11.75%	6.73%
Net Margin %	6.03%	7.99%	6.49%	7.07%	10.20%	15.19%	11.06%	6.31%	4.66%	1.43%
ROE %	17.16%	15.16%	11.05%	11.94%	13.23%	22.69%	14.47%	7.40%	5.30%	1.05%
ROCE %	23.90%	21.10%	16.65%	19.30%	11.33%	26.62%	17.25%	8.98%	6.03%	1.76%
	8.74%	9.13%	7.05%	7.80%	8.51%	14.65%	9.49%	4.61%	2.87%	0.49%
EFFICIENCY
Debtor Days	9	6	7	8	21	18	11	12	19	39
Inventory Days	30	35	36	35	43	33	34	45	49	70
Payable Days	129	95	18	21	101	166	162	226	193	207
	-90	-54	26	22	-37	-115	-117	-168	-125	-98
FINANCIAL HEALTH
Debt to Equity (x)	0.28x	0.21x	0.09x	0.13x	0.23x	0.18x	0.26x	0.39x	0.72x	0.99x
Interest Coverage (x)	6.30x	10.84x	11.43x	10.61x	8.21x	21.53x	12.30x	6.30x	5.26x	1.84x
	1.42x	1.70x	2.58x	2.66x	1.85x	2.00x	1.80x	1.58x	1.46x	1.17x
GROWTH
Revenue Growth %	31.93%	-25.36%	14.91%	14.23%	-14.75%	36.49%	4.47%	-1.30%	2.29%	-34.08%
Operating Profit Growth %	72.14%	-11.49%	-13.05%	17.69%	-16.25%	111.28%	-7.48%	-38.10%	3.19%	-53.02%
Net Profit Growth %	129.20%	2.87%	-17.75%	19.48%	22.98%	103.25%	-23.93%	-43.71%	-24.41%	-79.78%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-24.41%	-79.78%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	22.20x	146.19x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.15x	1.52x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.51%	0.08%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	10.15x	32.34x

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
56.25	56.25	56.25	56.25	56.25	56.25	56.25	56.25	56.25
10.94	11.87	11.55	10.30	9.91	9.93	12.85	14.30	14.65
0.97	0.78	0.78	0.78	0.78	0.90	0.78	0.78	0.85
0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01
31.85	31.09	31.42	32.67	33.07	32.92	30.11	28.67	28.24

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-26

Credit Rating- Revision

2026-08-26 - Deccan Cements Limited has informed the Exchange about Credit Rating- Revision

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Deccan Cements Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

Monitoring Agency Report

2026-08-12 - Monitoring Agency Report for the quarter ended 30th June 2026

2026-08-12

Statement of deviation(s) or variation(s) under Reg. 32

2026-08-12 - Deccan Cements Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

2026-08-12

Credit Rating- Revision

2026-08-12 - Deccan Cements Limited has informed the Exchange about Credit Rating- Revision

2026-08-12

Shareholders meeting

2026-08-12 - Deccan Cements Limited has informed the Exchange about Shareholders meeting

2026-08-12

Record Date

2026-08-12 - Deccan Cements Limited has informed the Exchange that Record date for the purpose of Dividend is 22-Sep-2026.

2026-08-12

Outcome of Board Meeting

2026-08-12 - Deccan Cements Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-13

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-13 - Deccan Cements Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

News

Recent coverage and analyst commentary for DECCANCE

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Name

ULTRACEMCO

11223.45

38.73

330731.69

2.14

2603.72

17.24

24648.20

15.85

13.25

20.35

AMBUJACEM

403.20

22.89

100187.83

0.50

660.00

-31.93

9500.00

-7.67

6.24

16.78

SHREECEM

24000.00

53.12

86593.80

0.62

531.12

-17.48

6233.13

18.03

10.61

20.41

JKCEMENT

5038.10

41.17

38928.52

0.40

274.62

-15.31

4031.72

20.26

14.89

16.07

DALBHARAT

1770.60

35.60

33210.43

0.51

192.00

-51.39

3890.00

6.99

8.15

20.69

ACC

1272.00

12.51

23886.54

0.59

147.00

-60.84

5808.00

-4.59

11.60

7.90

RAMCOCEM

879.35

32.22

20778.37

0.28

31.24

-63.06

2273.05

9.60

10.75

13.49

JSWCEMENT

123.35

22.11

16817.11

0.41

153.43

111.23

1896.41

21.58

-4.21

16.41

NUVOCO

337.95

31.27

12070.09

0.00

159.63

19.88

3128.71

8.91

7.11

18.16

INDIACEM

358.55

120.14

11111.36

0.00

26.85

120.20

1019.42

-0.52

0.30

15.28

STARCEMENT

184.40

20.16

7453.09

0.54

73.91

-24.71

942.89

3.39

8.42

20.63

DECCANCE

565.10

135.56

791.56

0.09

-7.39

-148.14

219.34

45.68

1.64

7.68

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

192

167

217

223

172

120

115

119

151

140

131

214

219

167

154

188

197

161

118

107

106

123

120

119

197

234

Operating Profit

-14

OPM %

13.13%

8.19%

13.18%

11.79%

6.58%

1.83%

7.58%

11.03%

18.52%

14.36%

8.70%

8.05%

-6.54%

-11

Interest

Depreciation

Profit before Tax

-5

-1

-9

Tax %

26.12%

37.68%

30.31%

35.68%

34.80%

25.92%

45.27%

23.63%

25.01%

27.29%

20.29%

-134.83%

22.20%

Net Profit

-4

-1

-7

10.10

3.38

10.98

2.15

2.00

-2.88

0.58

5.68

10.96

6.47

-0.40

3.37

-5.24

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

665

496

570

651

555

758

792

782

799

527

704

550

396

485

556

477

582

630

684

706

492

670

Operating Profit

115

100

176

162

OPM %

17.24%

20.22%

14.98%

14.63%

14.14%

23.22%

20.43%

12.45%

11.75%

6.73%

4.89%

-0

-8

-0

Interest

Depreciation

Profit before Tax

155

117

Tax %

43.45%

36.30%

36.64%

38.63%

-12.08%

25.90%

25.32%

26.00%

30.32%

29.96%

-36.36%

Net Profit

115

EPS

0.00

82.19

62.52

35.19

26.60

5.38

—

Dividend Payout %

7.69%

8.97%

10.90%

11.40%

9.89%

6.08%

8.00%

10.66%

11.28%

11.16%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

279

325

358

399

443

558

639

680

712

715

105

147

246

515

712

Trade Payables

107

129

130

148

167

162

167

172

154

Total Liabilities

493

535

560

621

710

861

985

1,155

1,446

1,625

342

375

361

352

376

445

452

439

423

402

Capital Work in Progress

241

514

805

113

101

Cash & Bank

131

117

260

298

214

231

144

134

148

123

115

Total Assets

493

535

560

621

710

861

985

1,155

1,446

1,625

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

159

232

118

-38

Cash from Investing

-7

-27

-12

-14

-90

-45

-92

-219

-277

-227

Cash from Financing

-125

-15

-36

-9

238

178

-15

143

-85

-87

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

65.05

66.92

27.52

32.88

40.44

82.19

62.52

35.19

26.60

5.38

Book Value (₹)

408.54

474.47

260.83

290.12

321.18

403.34

460.86

490.77

513.27

515.75

Dividend per Share (₹)

5.00

6.00

3.00

3.75

4.00

5.00

3.75

3.00

0.60

Cash EPS (₹)

47.04

48.97

43.72

48.81

55.37

98.73

81.01

54.75

46.33

25.42

PROFITABILITY

Operating Margin %

15.38%

17.52%

15.03%

16.15%

15.86%

24.55%

21.74%

13.64%

11.75%

6.73%

Net Margin %

6.03%

7.99%

6.49%

7.07%

10.20%

15.19%

11.06%

6.31%

4.66%

1.43%

ROE %

17.16%

15.16%

11.05%

11.94%

13.23%

22.69%

14.47%

7.40%

5.30%

1.05%

ROCE %

23.90%

21.10%

16.65%

19.30%

11.33%

26.62%

17.25%

8.98%

6.03%

1.76%

8.74%

9.13%

7.05%

7.80%

8.51%

14.65%

9.49%

4.61%

2.87%

0.49%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

129

101

166

162

226

193

207

-90

-54

-37

-115

-117

-168

-125

-98

FINANCIAL HEALTH

Debt to Equity (x)

0.28x

0.21x

0.09x

0.13x

0.23x

0.18x

0.26x

0.39x

0.72x

0.99x

Interest Coverage (x)

6.30x

10.84x

11.43x

10.61x

8.21x

21.53x

12.30x

6.30x

5.26x

1.84x

1.42x

1.70x

2.58x

2.66x

1.85x

2.00x

1.80x

1.58x

1.46x

1.17x

GROWTH

Revenue Growth %

31.93%

-25.36%

14.91%

14.23%

-14.75%

36.49%

4.47%

-1.30%

2.29%

-34.08%

Operating Profit Growth %

72.14%

-11.49%

-13.05%

17.69%

-16.25%

111.28%

-7.48%

-38.10%

3.19%

-53.02%

Net Profit Growth %

129.20%

2.87%

-17.75%

19.48%

22.98%

103.25%

-23.93%

-43.71%

-24.41%

-79.78%

0.00%

-24.41%

-79.78%

VALUATION

P/E (x)

0.00x

22.20x

146.19x

P/B (x)

0.00x

1.15x

1.52x

Dividend Yield %

0.00%

0.51%

0.08%

0.00x

10.15x

32.34x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

56.25

10.94

11.87

11.55

10.30

9.91

9.93

12.85

14.30

14.65

0.97

0.78

0.90

0.78

0.85

0.00

0.01

31.85

31.09

31.42

32.67

33.07

32.92

30.11

28.67

28.24

Deccan Cements Ltd.

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Quarterly Results

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Deccan Cements Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI