Shree Digvijay Cement Company Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Cement Business: 99.8% • Logistic Business: 0.2%
AI Sector View
AI GENERATEDConstruction Materials
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.
PROS
- Promoters have been increasing their shareholding - up 8.9pp over 2 years
- Company has consistently been profitable over the last 5 years
- Company has been maintaining a healthy dividend payout of 59.2%
- Company has a consistent dividend-paying track record
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Recent results are weak - TTM profit is down 72.0% versus prior year
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.31x)
- Working capital days have increased from 31 to 172 days
- Total debt has risen sharply - up 367.3% year on year
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ULTRACEMCO | 11348.00 | 39.16 | 334401.92 | 2.11 | 2603.72 | 17.24 | 24648.20 | 15.85 | 13.25 | 20.35 |
| AMBUJACEM | 405.50 | 23.02 | 100759.34 | 0.49 | 660.00 | -31.93 | 9500.00 | -7.67 | 6.24 | 16.78 |
| SHREECEM | 23967.10 | 53.05 | 86475.09 | 0.63 | 531.12 | -17.48 | 6233.13 | 18.03 | 10.61 | 20.41 |
| JKCEMENT | 5066.10 | 41.40 | 39144.87 | 0.39 | 2746.20 | 746.94 | 40317.20 | 1102.59 | 14.89 | 16.07 |
| DALBHARAT | 1748.75 | 35.16 | 32800.60 | 0.51 | 192.00 | -51.39 | 3890.00 | 6.99 | 8.15 | 20.69 |
| ACC | 1283.45 | 12.63 | 24101.56 | 0.58 | 147.00 | -60.84 | 5808.00 | -4.59 | 11.60 | 7.90 |
| RAMCOCEM | 882.25 | 32.33 | 20846.90 | 0.28 | 31.24 | -63.06 | 2273.05 | 9.60 | 10.75 | 13.49 |
| JSWCEMENT | 124.10 | 22.25 | 16919.36 | 0.40 | 153.43 | 111.23 | 1896.41 | 21.58 | -4.21 | 16.41 |
| NUVOCO | 352.15 | 32.59 | 12577.25 | 0.00 | 159.63 | 19.88 | 3128.71 | 8.91 | 7.11 | 18.16 |
| INDIACEM | 362.65 | 121.51 | 11238.42 | 0.00 | 26.85 | 120.20 | 1019.42 | -0.52 | 0.30 | 15.28 |
| STARCEMENT | 189.90 | 20.76 | 7675.39 | 0.53 | 73.91 | -24.71 | 942.89 | 3.39 | 8.42 | 20.63 |
| SHREDIGCEM | 74.07 | 60.84 | 1095.60 | 1.35 | 6.82 | -50.52 | 337.27 | 72.12 | 6.41 | 8.66 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 193 | 183 | 191 | 224 | 177 | 145 | 187 | 216 | 196 | 161 | 183 | 208 | 337 | |
| 162 | 166 | 142 | 176 | 155 | 137 | 187 | 189 | 172 | 142 | 181 | 184 | 329 | |
| Operating Profit | 31 | 18 | 49 | 48 | 22 | 8 | -0 | 28 | 24 | 19 | 2 | 25 | 8 |
| OPM % | 15.91% | 9.77% | 25.64% | 21.38% | 12.20% | 5.58% | -0.09% | 12.79% | 12.14% | 12.04% | 1.34% | 11.94% | 2.39% |
| 2 | 2 | 2 | 3 | 2 | 1 | 2 | 5 | 1 | 1 | 1 | 0 | 1 | |
| Interest | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 | 12 |
| Depreciation | 9 | 9 | 8 | 8 | 8 | 8 | 7 | 7 | 6 | 6 | 9 | 10 | 10 |
| Profit before Tax | 23 | 10 | 42 | 43 | 15 | 1 | -6 | 25 | 19 | 14 | -9 | 11 | 9 |
| Tax % | 24.44% | 29.28% | 25.24% | 26.12% | 24.95% | 47.30% | 25.31% | 27.30% | 25.54% | 25.05% | 23.88% | 26.41% | 25.44% |
| Net Profit | 0 | 0 | 0 | 0 | 11 | 0 | -5 | 18 | 14 | 10 | -7 | 8 | 7 |
| 1.19 | 0.51 | 2.15 | 2.16 | 0.76 | 0.03 | -0.33 | 1.24 | 0.93 | 0.69 | -0.47 | 0.54 | 0.46 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 503 | 629 | 727 | 792 | 725 | 749 | 890 | |
| 398 | 512 | 626 | 646 | 668 | 679 | 836 | |
| Operating Profit | 105 | 117 | 101 | 146 | 57 | 71 | 55 |
| OPM % | 20.88% | 18.60% | 13.90% | 18.39% | 7.89% | 9.42% | 6.16% |
| 6 | 4 | 7 | 9 | 10 | 4 | 4 | |
| Interest | 2 | 1 | 1 | 2 | 3 | 10 | 21 |
| Depreciation | 27 | 31 | 35 | 35 | 30 | 31 | 35 |
| Profit before Tax | 83 | 88 | 71 | 118 | 35 | 34 | 24 |
| Tax % | 34.92% | 37.32% | 18.74% | 25.76% | 27.06% | 26.08% | 26.24% |
| Net Profit | 54 | 55 | 58 | 88 | 25 | 25 | 18 |
| EPS | 3.66 | 3.78 | 3.97 | 5.96 | 1.70 | 1.69 | — |
| Dividend Payout % | 65.92% | 91.20% | 100.00% | 50.38% | 88.02% | 59.21% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 8%
- 3 Years:
- 1%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- -14%
- 3 Years:
- -25%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- -2%
- 3 Years:
- -9%
- 1 Year:
- -23%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 15%
- 3 Years:
- 13%
- Last Year:
- 7%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 142 | 144 | 145 | 147 | 148 | 148 |
| 168 | 167 | 176 | 234 | 216 | 218 | |
| 0 | 0 | 0 | 0 | 95 | 490 | |
| Trade Payables | 51 | 63 | 63 | 67 | 131 | 90 |
| 84 | 88 | 84 | 87 | 105 | 113 | |
| Total Liabilities | 445 | 462 | 468 | 535 | 695 | 1,058 |
| 182 | 197 | 182 | 171 | 163 | 406 | |
| Capital Work in Progress | 9 | 2 | 3 | 34 | 211 | 4 |
| 0 | 0 | 0 | 2 | 2 | 3 | |
| 75 | 127 | 115 | 133 | 110 | 111 | |
| 0 | 0 | 0 | 32 | 18 | 37 | |
| Cash & Bank | 124 | 83 | 108 | 14 | 50 | 5 |
| 55 | 54 | 60 | 148 | 140 | 493 | |
| Total Assets | 445 | 462 | 468 | 535 | 695 | 1,058 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 109 | 81 | 103 | 96 | 135 | -411 | |
| Cash from Investing | -97 | -40 | -37 | -61 | -164 | -8 |
| Cash from Financing | -21 | -56 | -50 | -34 | 65 | 373 |
| -23 | -39 | -0 | 1 | 36 | -45 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| PER SHARE | ||||||
| EPS (₹) | 3.79 | 3.84 | 4.00 | 5.96 | 1.70 | 1.69 |
| Book Value (₹) | 21.77 | 21.61 | 22.14 | 25.88 | 24.59 | 24.72 |
| Dividend per Share (₹) | 2.50 | 3.50 | 4.00 | 3.00 | 1.50 | 1.00 |
| Cash EPS (₹) | 5.68 | 6.02 | 6.43 | 8.30 | 3.72 | 3.80 |
| PROFITABILITY | ||||||
| Operating Margin % | 21.70% | 18.70% | 14.40% | 17.65% | 7.46% | 9.02% |
| Net Margin % | 10.52% | 8.54% | 7.74% | 10.64% | 3.29% | 3.19% |
| ROE % | 17.42% | 17.80% | 18.36% | 24.98% | 6.76% | 6.85% |
| ROCE % | 27.17% | 28.77% | 22.85% | 34.07% | 8.72% | 6.41% |
| 12.12% | 12.18% | 12.48% | 17.50% | 4.10% | 2.85% | |
| EFFICIENCY | ||||||
| Debtor Days | 8 | 7 | 9 | 12 | 12 | 13 |
| Inventory Days | 53 | 57 | 59 | 55 | 58 | 51 |
| Payable Days | 234 | 232 | 231 | 191 | 247 | 274 |
| -173 | -169 | -163 | -124 | -177 | -209 | |
| FINANCIAL HEALTH | ||||||
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.30x | 1.40x |
| Interest Coverage (x) | 53.02x | 61.56x | 54.47x | 56.84x | 13.49x | 4.54x |
| 1.98x | 1.91x | 2.06x | 1.99x | 1.29x | 2.72x | |
| GROWTH | ||||||
| Revenue Growth % | 0.00% | 25.16% | 15.48% | 9.00% | -8.45% | 3.30% |
| Operating Profit Growth % | 0.00% | 8.73% | -10.72% | 43.40% | -56.73% | 11.23% |
| Net Profit Growth % | 0.00% | 2.44% | 5.07% | 51.14% | -71.31% | -0.85% |
| 0.00% | 0.00% | 0.00% | 48.88% | -71.38% | -0.89% | |
| VALUATION | ||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 16.30x | 40.13x | 37.86x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 3.75x | 2.78x | 2.59x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 3.09% | 2.19% | 1.56% |
| 0.00x | 0.00x | 0.00x | 9.14x | 15.96x | 19.49x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-25 - Shree Digvijay Cement Co.Ltd has informed the Exchange about General Updates
2026-08-24 - Shree Digvijay Cement Co.Ltd has informed the Exchange about Copy of Newspaper Publication
2026-08-20 - Shree Digvijay Cement Co.Ltd has informed the Exchange about BRSR Report for FY 2025-26
2026-08-20 - Shree Digvijay Cement Co.Ltd has informed the Exchange regarding Notice of Annual General Meeting to be held on September 16, 2026
2026-08-20 - Shree Digvijay Cement Co.Ltd has informed the Exchange about Copy of Newspaper Publication
2026-07-25 - Shree Digvijay Cement Co.Ltd has informed the Exchange about Copy of Newspaper Publication
2026-07-24 - Shree Digvijay Cement Co.Ltd has informed the Exchange regarding Outcome of Board Meeting held on July 24, 2026 for Intimation of 81st Annual General Meeting ("AGM") of the Company is scheduled to be held on Wednesday, 16th September, 2026 at 11:00 A.M.
2026-07-24 - Shree Digvijay Cement Co.Ltd has informed the Exchange that Record date for the purpose of Dividend is 09-Sep-2026.
2026-07-24 - Shree Digvijay Cement Co.Ltd has informed the Exchange regarding a press release dated July 24, 2026, titled "press Release Financial Results for the Quarter Ended 30 June 2026".
News
Recent coverage and analyst commentary for SHREDIGCEM
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