Shree Digvijay Cement Company Ltd.

•

digvijaycement.comBSE: 502180NSE: SHREDIGCEM

Market Cap₹ 1,096 Cr.

Current Price

High / Low₹ 99 / 54

Stock P/E60.8

Book Value₹ 25

Price to Book2.59

Dividend Yield1.35 %

ROCE6.4 %

ROE6.9 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Cement Business: 99.8% • Logistic Business: 0.2%

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

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

Construction MaterialsConstruction MaterialsCement & Construction Materials

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

S.No.	Name
1.	ULTRACEMCO	11348.00	39.16	334401.92	2.11	2603.72	17.24	24648.20	15.85	13.25	20.35
2.	AMBUJACEM	405.50	23.02	100759.34	0.49	660.00	-31.93	9500.00	-7.67	6.24	16.78
3.	SHREECEM	23967.10	53.05	86475.09	0.63	531.12	-17.48	6233.13	18.03	10.61	20.41
4.	JKCEMENT	5066.10	41.40	39144.87	0.39	2746.20	746.94	40317.20	1102.59	14.89	16.07
5.	DALBHARAT	1748.75	35.16	32800.60	0.51	192.00	-51.39	3890.00	6.99	8.15	20.69
6.	ACC	1283.45	12.63	24101.56	0.58	147.00	-60.84	5808.00	-4.59	11.60	7.90
7.	RAMCOCEM	882.25	32.33	20846.90	0.28	31.24	-63.06	2273.05	9.60	10.75	13.49
8.	JSWCEMENT	124.10	22.25	16919.36	0.40	153.43	111.23	1896.41	21.58	-4.21	16.41
9.	NUVOCO	352.15	32.59	12577.25	0.00	159.63	19.88	3128.71	8.91	7.11	18.16
10.	INDIACEM	362.65	121.51	11238.42	0.00	26.85	120.20	1019.42	-0.52	0.30	15.28
11.	STARCEMENT	189.90	20.76	7675.39	0.53	73.91	-24.71	942.89	3.39	8.42	20.63
12.	SHREDIGCEM	74.07	60.84	1095.60	1.35	6.82	-50.52	337.27	72.12	6.41	8.66

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
	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

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	54.83	54.83	54.68	54.68	54.66	54.66	45.12	59.20	63.71
	1.94	0.77	0.64	1.12	1.10	0.42	1.04	0.38	0.50
	0.21	0.89	0.90	1.03	1.93	2.19	2.70	1.29	1.42
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	43.02	43.50	43.78	43.18	42.30	42.73	51.13	39.13	34.37

Documents

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

2026-08-25

General Updates

2026-08-25 - Shree Digvijay Cement Co.Ltd has informed the Exchange about General Updates

2026-08-24

Copy of Newspaper Publication

2026-08-24 - Shree Digvijay Cement Co.Ltd has informed the Exchange about Copy of Newspaper Publication

2026-08-20

General Updates

2026-08-20 - Shree Digvijay Cement Co.Ltd has informed the Exchange about BRSR Report for FY 2025-26

2026-08-20

Shareholders meeting

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

Copy of Newspaper Publication

2026-08-20 - Shree Digvijay Cement Co.Ltd has informed the Exchange about Copy of Newspaper Publication

2026-07-25

Copy of Newspaper Publication

2026-07-25 - Shree Digvijay Cement Co.Ltd has informed the Exchange about Copy of Newspaper Publication

2026-07-24

Outcome of Board Meeting

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

Record Date

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

Press Release

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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Shree Digvijay Cement Company Ltd.

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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

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

-0

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%

Interest

Depreciation

Profit before Tax

-6

-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

-5

-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

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

OPM %

20.88%

18.60%

13.90%

18.39%

7.89%

9.42%

6.16%

Interest

Depreciation

Profit before Tax

118

Tax %

34.92%

37.32%

18.74%

25.76%

27.06%

26.08%

26.24%

Net Profit

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%

—

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

142

144

145

147

148

168

167

176

234

216

218

490

Trade Payables

131

105

113

Total Liabilities

445

462

468

535

695

1,058

182

197

182

171

163

406

Capital Work in Progress

211

127

115

133

110

111

Cash & Bank

124

108

148

140

493

Total Assets

445

462

468

535

695

1,058

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

109

103

135

-411

Cash from Investing

-97

-40

-37

-61

-164

-8

Cash from Financing

-21

-56

-50

-34

373

-23

-39

-0

-45

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

Inventory Days

Payable Days

234

232

231

191

247

274

-173

-169

-163

-124

-177

-209

FINANCIAL HEALTH

Debt to Equity (x)

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%

48.88%

-71.38%

-0.89%

VALUATION

P/E (x)

0.00x

16.30x

40.13x

37.86x

P/B (x)

0.00x

3.75x

2.78x

2.59x

Dividend Yield %

0.00%

3.09%

2.19%

1.56%

0.00x

9.14x

15.96x

19.49x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

54.83

54.68

54.66

45.12

59.20

63.71

1.94

0.77

0.64

1.12

1.10

0.42

1.04

0.38

0.50

0.21

0.89

0.90

1.03

1.93

2.19

2.70

1.29

1.42

Government

0.00

43.02

43.50

43.78

43.18

42.30

42.73

51.13

39.13

34.37

Shree Digvijay Cement Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Shree Digvijay Cement Company 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