Sagar Cements Ltd.

•

sagarcements.inBSE: 502090NSE: SAGCEM

Market Cap₹ 1,972 Cr.

Current Price

High / Low₹ 290 / 149

Stock P/E—

Book Value₹ 127

Price to Book1.18

Dividend Yield0.00 %

ROCE2.3 %

ROE-0.0 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2023 • Manufacturing of cement: 100.0%

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

Operating margins have improved to 9.5% from 6.0%
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Company has a low return on equity of -4.8% over last 3 years
Company has a low return on capital employed of 0.8%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -3.15x)
Interest coverage is weak at 0.4x - earnings barely cover interest

* 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	10896.00	37.60	321082.42	2.20	2603.72	17.24	24648.20	15.85	13.25	20.35
2.	AMBUJACEM	396.05	22.49	98411.18	0.51	660.00	-31.93	9500.00	-7.67	6.24	16.78
3.	SHREECEM	22911.30	50.71	82665.68	0.65	531.12	-17.48	6233.13	18.03	10.61	20.41
4.	JKCEMENT	4989.80	40.78	38555.31	0.40	274.62	-15.31	4031.72	20.26	14.89	16.07
5.	DALBHARAT	1734.10	34.86	32525.81	0.52	192.00	-51.39	3890.00	6.99	8.15	20.69
6.	ACC	1257.80	12.37	23619.88	0.60	147.00	-60.84	5808.00	-4.59	11.60	7.90
7.	RAMCOCEM	865.45	31.71	20449.92	0.29	31.24	-63.06	2273.05	9.60	10.75	13.49
8.	JSWCEMENT	120.85	21.67	16476.27	0.41	153.43	111.23	1896.41	21.58	-4.21	16.41
9.	NUVOCO	335.15	31.01	11970.09	0.00	159.63	19.88	3128.71	8.91	7.11	18.16
10.	INDIACEM	351.65	117.82	10897.54	0.00	26.85	120.20	1019.42	-0.52	0.30	15.28
11.	STARCEMENT	191.50	20.94	7740.05	0.52	73.91	-24.71	942.89	3.39	8.42	20.63
12.	SAGCEM	150.85	102.48	1971.72	0.00	-28.10	-475.17	706.07	5.28	2.27	10.26

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	540	587	669	709	561	475	564	658	671	602	591	787	706
	509	527	582	641	514	455	526	621	549	551	553	705	745
Operating Profit	30	60	87	68	47	20	38	37	121	51	38	82	-39
OPM %	5.65%	10.26%	13.01%	9.61%	8.33%	4.19%	6.68%	5.60%	18.11%	8.53%	6.38%	10.36%	-5.52%
	4	18	4	44	8	5	5	-24	4	4	2	11	2
Interest	44	47	49	45	46	46	48	47	47	46	50	53	52
Depreciation	50	52	57	56	56	58	59	58	55	56	63	66	59
Profit before Tax	-59	-21	-15	10	-48	-79	-64	-93	24	-47	-74	-27	-37
Tax %	28.54%	47.43%	28.08%	-12.54%	32.28%	28.06%	15.23%	21.06%	68.66%	5.03%	13.18%	475.85%	23.20%
Net Profit	0	0	0	0	-32	-57	-54	-73	7	-44	-64	100	-28
	-3.23	-0.83	-0.80	0.89	-2.46	-4.36	-4.17	-5.59	0.57	-3.38	-4.90	7.65	-2.15

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	814	1,038	1,218	1,175	1,371	1,597	2,230	2,505	2,258	2,650	2,685
	705	890	1,071	991	975	1,321	2,076	2,259	2,118	2,361	2,554
Operating Profit	109	148	147	184	397	276	153	246	140	289	132
OPM %	13.40%	14.28%	12.06%	15.70%	28.92%	17.27%	6.87%	9.82%	6.19%	10.90%	4.90%
	5	10	5	5	12	13	223	69	-4	25	20
Interest	62	59	63	61	47	92	202	185	188	197	202
Depreciation	48	54	66	79	81	93	156	214	231	240	244
Profit before Tax	4	46	23	50	281	104	18	-84	-284	-123	-184
Tax %	192.89%	42.50%	41.42%	46.59%	33.68%	43.12%	47.97%	38.12%	23.58%	99.41%	80.21%
Net Profit	-4	26	14	27	186	59	10	-52	-217	-1	-36
EPS	-2.19	12.87	6.66	12.36	16.09	5.89	2.31	-3.32	-16.05	-0.85	—
Dividend Payout %	-78.06%	31.07%	37.53%	20.85%	8.19%	11.89%	30.35%	-21.10%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 13%
5 Years:: 14%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 2%
5 Years:: -11%
3 Years:: -15%
1 Year:: -47%

RETURN ON EQUITY

10 Years:: 2%
5 Years:: -2%
3 Years:: -5%
Last Year:: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	20	20	20	22	24	24	26	26	26	26
Minority Interest	0	0	0	54	54	54	70	78	72	168
	743	759	767	922	1,167	1,232	1,968	1,915	1,697	1,667
	535	531	543	540	858	1,382	1,465	1,429	1,636	1,926
Trade Payables	148	137	204	223	229	221	309	518	328	346
	63	91	194	156	298	512	296	323	264	146
Total Liabilities	1,509	1,539	1,728	1,918	2,628	3,425	4,134	4,289	4,022	4,279
	1,001	1,053	1,244	1,384	1,301	2,048	3,168	3,250	3,109	3,229
Capital Work in Progress	55	125	110	108	517	100	99	15	123	116
	0	0	0	0	0	315	0	0	0	0
	110	95	145	116	124	209	271	308	274	313
	0	0	0	0	0	120	133	208	204	226
Cash & Bank	170	58	30	13	254	163	210	262	164	19
	172	208	200	297	431	470	252	247	148	377
Total Assets	1,509	1,539	1,728	1,918	2,628	3,425	4,134	4,289	4,022	4,279

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	106	164	137	212	413	87	175	400	234	216
Cash from Investing	-151	-194	-187	-227	-476	-784	170	-188	-113	-412
Cash from Financing	208	-77	31	10	322	615	-367	-221	-217	130
	159	-121	-23	-15	222	-82	-21	-8	-97	-67

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	48.31	48.31	48.31	48.33	48.33	48.33	48.33	48.33	48.33
	2.64	2.64	2.63	2.58	2.63	2.84	1.76	1.67	1.61
	17.07	17.54	17.87	18.00	17.87	17.39	18.37	18.48	18.39
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	31.96	31.51	31.18	31.08	31.16	31.43	31.54	31.52	31.67

Documents

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

2026-07-30

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-30 - Sagar Cements Limited has informed the Exchange about Transcript

2026-07-30

Copy of Newspaper Publication

2026-07-30 - Sagar Cements Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-29

Copy of Newspaper Publication

2026-07-29 - Sagar Cements Limited has informed the Exchange We forward here with the newspaper publication of financial results for the ended 30.06.2026

2026-07-28

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-28 - Sagar Cements Limited has informed the Exchange about Link of Recording

2026-07-27

Press Release

2026-07-27 - Sagar Cements Limited has informed the Exchange regarding a press release dated July 27, 2026, titled "Press Release regarding un-audited Financial Results {Standalone and Consolidated) for the first quarter ended 30th June, 2026".

2026-07-27

Outcome of Board Meeting

2026-07-27 - Sagar Cements Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-22

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-22 - Sagar Cements Limited has informed the Exchange about Q1 FY27 Earnings Call on Tuesday, July 28th 2026 at 11:00 AM IST

2026-07-07

Certificate under SEBI (Depositories and Participants) Regulations, 2018

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

2026-07-03

Credit Rating

2026-07-03 - Sagar Cements Limited has informed the Exchange about Credit Rating

News

Recent coverage and analyst commentary for SAGCEM

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Sagar Cements Ltd.

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Free 5nance Account

Name

ULTRACEMCO

10896.00

37.60

321082.42

2.20

2603.72

17.24

24648.20

15.85

13.25

20.35

AMBUJACEM

396.05

22.49

98411.18

0.51

660.00

-31.93

9500.00

-7.67

6.24

16.78

SHREECEM

22911.30

50.71

82665.68

0.65

531.12

-17.48

6233.13

18.03

10.61

20.41

JKCEMENT

4989.80

40.78

38555.31

0.40

274.62

-15.31

4031.72

20.26

14.89

16.07

DALBHARAT

1734.10

34.86

32525.81

0.52

192.00

-51.39

3890.00

6.99

8.15

20.69

ACC

1257.80

12.37

23619.88

0.60

147.00

-60.84

5808.00

-4.59

11.60

7.90

RAMCOCEM

865.45

31.71

20449.92

0.29

31.24

-63.06

2273.05

9.60

10.75

13.49

JSWCEMENT

120.85

21.67

16476.27

0.41

153.43

111.23

1896.41

21.58

-4.21

16.41

NUVOCO

335.15

31.01

11970.09

0.00

159.63

19.88

3128.71

8.91

7.11

18.16

INDIACEM

351.65

117.82

10897.54

0.00

26.85

120.20

1019.42

-0.52

0.30

15.28

STARCEMENT

191.50

20.94

7740.05

0.52

73.91

-24.71

942.89

3.39

8.42

20.63

SAGCEM

150.85

102.48

1971.72

0.00

-28.10

-475.17

706.07

5.28

2.27

10.26

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

540

587

669

709

561

475

564

658

671

602

591

787

706

509

527

582

641

514

455

526

621

549

551

553

705

745

Operating Profit

121

-39

OPM %

5.65%

10.26%

13.01%

9.61%

8.33%

4.19%

6.68%

5.60%

18.11%

8.53%

6.38%

10.36%

-5.52%

-24

Interest

Depreciation

Profit before Tax

-59

-21

-15

-48

-79

-64

-93

-47

-74

-27

-37

Tax %

28.54%

47.43%

28.08%

-12.54%

32.28%

28.06%

15.23%

21.06%

68.66%

5.03%

13.18%

475.85%

23.20%

Net Profit

-32

-57

-54

-73

-44

-64

100

-28

-3.23

-0.83

-0.80

0.89

-2.46

-4.36

-4.17

-5.59

0.57

-3.38

-4.90

7.65

-2.15

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

814

1,038

1,218

1,175

1,371

1,597

2,230

2,505

2,258

2,650

2,685

705

890

1,071

991

975

1,321

2,076

2,259

2,118

2,361

2,554

Operating Profit

109

148

147

184

397

276

153

246

140

289

132

OPM %

13.40%

14.28%

12.06%

15.70%

28.92%

17.27%

6.87%

9.82%

6.19%

10.90%

4.90%

223

-4

Interest

202

185

188

197

202

Depreciation

156

214

231

240

244

Profit before Tax

281

104

-84

-284

-123

-184

Tax %

192.89%

42.50%

41.42%

46.59%

33.68%

43.12%

47.97%

38.12%

23.58%

99.41%

80.21%

Net Profit

-4

186

-52

-217

-1

-36

EPS

-2.19

12.87

6.66

12.36

16.09

5.89

2.31

-3.32

-16.05

-0.85

—

Dividend Payout %

-78.06%

31.07%

37.53%

20.85%

8.19%

11.89%

30.35%

-21.10%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

168

743

759

767

922

1,167

1,232

1,968

1,915

1,697

1,667

535

531

543

540

858

1,382

1,465

1,429

1,636

1,926

Trade Payables

148

137

204

223

229

221

309

518

328

346

194

156

298

512

296

323

264

146

Total Liabilities

1,509

1,539

1,728

1,918

2,628

3,425

4,134

4,289

4,022

4,279

1,001

1,053

1,244

1,384

1,301

2,048

3,168

3,250

3,109

3,229

Capital Work in Progress

125

110

108

517

100

123

116

315

110

145

116

124

209

271

308

274

313

120

133

208

204

226

Cash & Bank

170

254

163

210

262

164

172

208

200

297

431

470

252

247

148

377

Total Assets

1,509

1,539

1,728

1,918

2,628

3,425

4,134

4,289

4,022

4,279

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

106

164

137

212

413

175

400

234

216

Cash from Investing

-151

-194

-187

-227

-476

-784

170

-188

-113

-412

Cash from Financing

208

-77

322

615

-367

-221

-217

130

159

-121

-23

-15

222

-82

-21

-8

-97

-67

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

48.31

48.33

2.64

2.63

2.58

2.63

2.84

1.76

1.67

1.61

17.07

17.54

17.87

18.00

17.87

17.39

18.37

18.48

18.39

Government

0.00

31.96

31.51

31.18

31.08

31.16

31.43

31.54

31.52

31.67

Sagar 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

Sagar 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