Shree Digvijay Cement Company Ltd.

•

digvijaycement.comBSE: 502180NSE: SHREDIGCEM

Market Cap₹ 1,050 Cr.

Current Price

High / Low₹ 101 / 54

Stock P/E58.3

Book Value₹ 25

Price to Book2.59

Dividend Yield1.41 %

ROCE6.4 %

ROE6.9 %

Face Value₹ 10

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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

Promoters have been increasing their shareholding - up 8.9pp over 2 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	11380.00	39.27	335344.90	2.11	2603.72	17.24	24648.20	15.85	13.25	20.35
2.	AMBUJACEM	402.40	22.85	99989.04	0.50	660.00	-31.93	9500.00	-7.67	6.24	16.78
3.	SHREECEM	23538.50	52.10	84928.67	0.64	531.12	-17.48	6233.13	18.03	10.61	20.41
4.	JKCEMENT	4974.95	40.65	38440.57	0.40	274.62	-15.31	4031.72	20.26	14.89	16.07
5.	DALBHARAT	1769.70	35.58	33193.55	0.51	192.00	-51.39	3890.00	6.99	8.15	20.69
6.	ACC	1265.75	12.45	23769.17	0.59	147.00	-60.84	5808.00	-4.59	11.60	7.90
7.	RAMCOCEM	863.00	31.62	20392.03	0.29	31.24	-63.06	2273.05	9.60	10.75	13.49
8.	JSWCEMENT	123.60	22.16	16851.19	0.40	153.43	111.23	1896.41	21.58	-4.21	16.41
9.	NUVOCO	328.15	30.37	11720.08	0.00	159.63	19.88	3128.71	8.91	7.11	18.16
10.	INDIACEM	358.25	120.04	11102.07	0.00	26.85	120.20	1019.42	-0.52	0.30	15.28
11.	STARCEMENT	184.30	20.15	7449.05	0.54	73.91	-24.71	942.89	3.39	8.42	20.63
12.	SHREDIGCEM	71.02	58.33	1050.49	1.41	6.82	-50.52	337.27	72.12	6.41	8.66

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
	193	183	191	224	177	145	187	216	196	161	183	208	337
	162	165	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	29
OPM %	15.91%	9.78%	25.65%	21.39%	12.20%	5.57%	-0.07%	12.80%	12.14%	12.04%	1.34%	11.94%	8.66%
Other Income	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
	23	10	42	43	15	1	-6	25	19	14	-9	11	9
Tax %	24.45%	29.28%	25.24%	26.12%	24.95%	47.30%	25.35%	27.25%	25.54%	25.05%	23.91%	26.39%	25.43%
Net Profit	17	7	31	32	11	0	-5	18	14	10	-7	8	7
	1	1	2	2	1	0	-0	1	1	1	-0	1	0
Equity Capital	145	147	147	147	147	147	148	148	148	148	148	148	148
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	315	413	436	470	503	629	725	792	725	749	890
	307	366	410	369	398	512	624	646	668	679	836
Operating Profit	20	54	31	103	111	121	108	155	67	75	—
OPM %	6	13	7	22	22	19	15	20	9	10	—
Other Income	12	6	5	2	6	4	7	9	10	4	4
Interest	11	11	4	2	2	1	1	2	3	10	21
Depreciation	22	23	24	25	27	31	35	35	30	31	35
	-14	21	3	77	83	88	71	118	35	34	24
Tax %	35	35	38	26	35	37	19	26	27	26	26
Net Profit	-9	13	2	56	54	55	58	88	25	25	18
EPS	0	0	0	0	4	4	4	6	2	2	—
Dividend Payout %	0	0	0	38	66	91	101	50	88	59	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-1	1	0	4	4	4	4	6	2	2	—

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 8%
3 Years:: 1%

COMPOUNDED PROFIT GROWTH

10 Years:: 17%
5 Years:: -14%
3 Years:: -24%

STOCK PRICE CAGR

10 Years:: —
5 Years:: -2%
3 Years:: -9%
1 Year:: -23%

RETURN ON EQUITY

10 Years:: 12%
5 Years:: 15%
3 Years:: 13%
Last Year:: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	141	141	141	141	142	144	145	147	148	148
	63	77	78	134	168	167	179	234	215	217
	96	25	40	0	0	0	0	0	0	32
Trade Payables	34	58	53	48	51	63	63	67	131	89
	22	37	36	60	84	89	81	87	201	571
Total Liabilities	357	338	349	384	445	462	468	535	695	1,058
ASSETS	-	-	-	-	-	-	-	-	-	-
	217	201	194	188	182	197	182	171	163	406
Capital Work in Progress	0	0	1	0	9	2	3	34	211	4
	0	0	0	0	0	0	0	2	2	3
	70	44	58	65	75	127	115	133	110	111
	0	0	0	0	0	0	0	32	18	37
Cash & Bank	24	32	36	74	124	83	108	14	50	4
	46	61	59	55	55	54	60	148	140	493
Total Assets	357	338	349	384	445	462	468	535	695	1,058
Total Debt	96	25	40	0	0	0	0	0	110	513
Net Working Capital	-56	-30	-18	64	116	111	133	136	65	368
Contingent Liabilities	65	73	86	68	69	69	55	56	32	32
Book Value per Share	14.45	15.46	15.54	19.50	21.78	21.61	22.31	25.85	24.57	24.70
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	31	102	-2	94	95	57	86	96	135	-411
Cash from Investing	-29	-12	-4	-14	-97	-40	-37	-61	-164	-8
Cash from Financing	-32	-81	12	-42	-21	-56	-50	-34	65	373
	-30	8	6	38	-23	-39	-0	1	36	-45
Free Cash Flow	31	97	-20	76	69	22	69	44	-48	-478
OCF / Net Profit	-3.38	7.60	-0.76	1.67	1.76	1.04	1.49	1.09	5.36	-16.44
Cumulative 5-Year FCF	0	0	0	0	252	243	216	280	155	-392

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	-0.64	0.95	0.15	3.99	3.79	3.84	3.97	5.95	1.70	1.69
Book Value (₹)	14.45	15.46	15.54	19.50	21.78	21.61	22.31	25.85	24.57	24.70
Dividend per Share (₹)	0.00	0.00	0.00	1.50	2.50	3.50	4.00	3.00	1.50	1.00
Cash EPS (₹)	0.93	2.56	1.84	5.75	5.68	6.02	6.40	8.30	3.72	3.80
PROFITABILITY
Operating Margin %	5.64%	12.78%	6.97%	21.39%	21.71%	18.70%	14.38%	17.65%	7.46%	9.03%
Net Margin %	-2.57%	3.15%	0.46%	11.70%	10.53%	8.54%	7.71%	10.64%	3.29%	3.20%
ROE %	-4.49%	6.33%	0.94%	22.78%	18.44%	17.80%	18.17%	24.89%	6.77%	6.86%
ROCE %	-0.77%	11.52%	2.85%	29.22%	28.78%	28.77%	22.71%	34.09%	8.73%	6.41%
	-2.32%	3.85%	0.60%	15.41%	13.03%	12.19%	12.41%	17.51%	4.10%	2.85%
EFFICIENCY
Debtor Days	11	8	11	9	7	7	9	12	12	13
Inventory Days	86	49	42	46	50	57	59	55	58	51
Payable Days	277	188	241	273	226	232	231	191	247	274
	-180	-132	-189	-217	-169	-168	-163	-124	-177	-209
FINANCIAL HEALTH
Debt to Equity (x)	0.47x	0.11x	0.18x	0.00x	0.00x	0.00x	0.00x	0.00x	0.30x	1.41x
Interest Coverage (x)	-0.21x	2.93x	1.86x	43.96x	53.04x	61.57x	54.12x	56.82x	13.49x	4.54x
	0.66x	0.76x	0.86x	1.61x	1.98x	1.91x	2.06x	1.99x	1.29x	2.72x
GROWTH
Revenue Growth %	-33.79%	31.26%	5.59%	7.65%	7.02%	25.16%	15.18%	9.21%	-8.40%	3.30%
Operating Profit Growth %	-55.28%	173.50%	-42.49%	230.94%	7.96%	8.71%	-11.12%	44.00%	-56.72%	11.25%
Net Profit Growth %	-272.30%	247.81%	-84.59%	2638.20%	-4.33%	2.41%	4.38%	52.06%	-71.28%	-0.81%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	49.79%	-71.36%	-0.85%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	16.30x	40.11x	37.83x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	3.75x	2.78x	2.59x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.09%	2.19%	1.56%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	9.14x	15.97x	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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Name

ULTRACEMCO

11380.00

39.27

335344.90

2.11

2603.72

17.24

24648.20

15.85

13.25

20.35

AMBUJACEM

402.40

22.85

99989.04

0.50

660.00

-31.93

9500.00

-7.67

6.24

16.78

SHREECEM

23538.50

52.10

84928.67

0.64

531.12

-17.48

6233.13

18.03

10.61

20.41

JKCEMENT

4974.95

40.65

38440.57

0.40

274.62

-15.31

4031.72

20.26

14.89

16.07

DALBHARAT

1769.70

35.58

33193.55

0.51

192.00

-51.39

3890.00

6.99

8.15

20.69

ACC

1265.75

12.45

23769.17

0.59

147.00

-60.84

5808.00

-4.59

11.60

7.90

RAMCOCEM

863.00

31.62

20392.03

0.29

31.24

-63.06

2273.05

9.60

10.75

13.49

JSWCEMENT

123.60

22.16

16851.19

0.40

153.43

111.23

1896.41

21.58

-4.21

16.41

NUVOCO

328.15

30.37

11720.08

0.00

159.63

19.88

3128.71

8.91

7.11

18.16

INDIACEM

358.25

120.04

11102.07

0.00

26.85

120.20

1019.42

-0.52

0.30

15.28

STARCEMENT

184.30

20.15

7449.05

0.54

73.91

-24.71

942.89

3.39

8.42

20.63

SHREDIGCEM

71.02

58.33

1050.49

1.41

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

165

142

176

155

137

187

189

172

142

181

184

329

Operating Profit

-0

OPM %

15.91%

9.78%

25.65%

21.39%

12.20%

5.57%

-0.07%

12.80%

12.14%

12.04%

1.34%

11.94%

8.66%

Other Income

Interest

Depreciation

-6

-9

Tax %

24.45%

29.28%

25.24%

26.12%

24.95%

47.30%

25.35%

27.25%

25.54%

25.05%

23.91%

26.39%

25.43%

Net Profit

-5

-7

-0

Equity Capital

145

147

148

Reserves

Promoter Pledge %

0.00%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

315

413

436

470

503

629

725

792

725

749

890

307

366

410

369

398

512

624

646

668

679

836

Operating Profit

103

111

121

108

155

—

OPM %

—

Other Income

Interest

Depreciation

-14

118

Tax %

Net Profit

-9

EPS

—

Dividend Payout %

101

—

Minority Interest

Share of Associates

Adjusted EPS

-1

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

141

142

144

145

147

148

134

168

167

179

234

215

217

Trade Payables

131

201

571

Total Liabilities

357

338

349

384

445

462

468

535

695

1,058

ASSETS

217

201

194

188

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

357

338

349

384

445

462

468

535

695

1,058

Total Debt

110

513

Net Working Capital

-56

-30

-18

116

111

133

136

368

Contingent Liabilities

Book Value per Share

14.45

15.46

15.54

19.50

21.78

21.61

22.31

25.85

24.57

24.70

Face Value

10.00

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

102

-2

135

-411

Cash from Investing

-29

-12

-4

-14

-97

-40

-37

-61

-164

-8

Cash from Financing

-32

-81

-42

-21

-56

-50

-34

373

-30

-23

-39

-0

-45

Free Cash Flow

-20

-48

-478

OCF / Net Profit

-3.38

7.60

-0.76

1.67

1.76

1.04

1.49

1.09

5.36

-16.44

Cumulative 5-Year FCF

252

243

216

280

155

-392

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

-0.64

0.95

0.15

3.99

3.79

3.84

3.97

5.95

1.70

1.69

Book Value (₹)

14.45

15.46

15.54

19.50

21.78

21.61

22.31

25.85

24.57

24.70

Dividend per Share (₹)

0.00

1.50

2.50

3.50

4.00

3.00

1.50

1.00

Cash EPS (₹)

0.93

2.56

1.84

5.75

5.68

6.02

6.40

8.30

3.72

3.80

PROFITABILITY

Operating Margin %

5.64%

12.78%

6.97%

21.39%

21.71%

18.70%

14.38%

17.65%

7.46%

9.03%

Net Margin %

-2.57%

3.15%

0.46%

11.70%

10.53%

8.54%

7.71%

10.64%

3.29%

3.20%

ROE %

-4.49%

6.33%

0.94%

22.78%

18.44%

17.80%

18.17%

24.89%

6.77%

6.86%

ROCE %

-0.77%

11.52%

2.85%

29.22%

28.78%

28.77%

22.71%

34.09%

8.73%

6.41%

-2.32%

3.85%

0.60%

15.41%

13.03%

12.19%

12.41%

17.51%

4.10%

2.85%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

277

188

241

273

226

232

231

191

247

274

-180

-132

-189

-217

-169

-168

-163

-124

-177

-209

FINANCIAL HEALTH

Debt to Equity (x)

0.47x

0.11x

0.18x

0.00x

0.30x

1.41x

Interest Coverage (x)

-0.21x

2.93x

1.86x

43.96x

53.04x

61.57x

54.12x

56.82x

13.49x

4.54x

0.66x

0.76x

0.86x

1.61x

1.98x

1.91x

2.06x

1.99x

1.29x

2.72x

GROWTH

Revenue Growth %

-33.79%

31.26%

5.59%

7.65%

7.02%

25.16%

15.18%

9.21%

-8.40%

3.30%

Operating Profit Growth %

-55.28%

173.50%

-42.49%

230.94%

7.96%

8.71%

-11.12%

44.00%

-56.72%

11.25%

Net Profit Growth %

-272.30%

247.81%

-84.59%

2638.20%

-4.33%

2.41%

4.38%

52.06%

-71.28%

-0.81%

0.00%

49.79%

-71.36%

-0.85%

VALUATION

P/E (x)

0.00x

16.30x

40.11x

37.83x

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

15.97x

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

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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