Sahyadri Industries Limited. (SAHYADRI) AI Stock Analysis

• Market Cap: ₹2.63B
• Dividend Yield: 0.4%
• Average Volume (3M): 1.75K
• Price to Earnings (P/E): 14.1
• Beta (1Y): 0.88
• Revenue Growth: 1.59%
• EPS Growth: -15.40%
• Country: IN
• Employees: 748
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): 4.54
• Shares Outstanding: 10,946,300
• 10 Day Avg. Volume: 2,242
• 30 Day Avg. Volume: 1,748
• PEG Ratio: -0.50
• Price to Book (P/B): 0.67
• Price to Sales (P/S): 0.42
• P/FCF Ratio: 7.32
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ₹239.00 ▼(-6.93% Downside)
• Action: Reiterated Date: 10/08/25
• Date: Action: Reiterated 10/08/25

Sahyadri Industries Limited's overall stock score reflects a stable financial position with strong equity and reasonable profitability margins. However, the recent decline in revenue and free cash flow, combined with bearish technical indicators, suggests caution. The fair valuation provides some support, but the low dividend yield may deter income-focused investors.

Positive Factors

Strong equity base

A high and improving equity ratio (69.68% in 2025) indicates durable capital strength and lower solvency risk. This structural balance-sheet resilience supports funding for capex, cushions cyclical revenue shocks, and preserves strategic optionality without relying on volatile external financing.

Improved leverage management

A falling debt-to-equity trend signals reduced financial risk and lower fixed interest burden. Over a multi-month horizon this enhances cash flow flexibility, improves credit profile, and provides capacity to invest or absorb shocks, strengthening long-term financial stability and operational continuity.

Cash generation quality

Strong operating cash flow relative to net income points to high earnings quality and reliable internal funding. Structurally, this supports sustainable capex, dividend capacity and debt servicing without continual external financing, improving resilience across business cycles and enabling strategic reinvestment.

Negative Factors

Declining revenue

A year-over-year revenue decline undermines growth momentum and may signal weakening demand, pricing pressure, or market share loss. Persisting revenue contraction over several quarters can erode operating leverage, limit reinvestment capacity, and force margin trade-offs, affecting medium‑term competitiveness.

Falling free cash flow

A material drop in free cash flow reduces funding available for capex, debt repayment and shareholder returns. Structurally weaker FCF limits strategic options, increases reliance on external financing in stress periods, and can constrain growth or maintenance investments over the coming months.

Margin and efficiency erosion

Eroding EBIT/EBITDA margins point to rising costs or falling operational efficiency. Sustainably weaker margins compress profitability and free cash generation, reducing returns on invested capital and creating a harder environment to fund growth or absorb competitive pricing pressure over the medium term.

Sahyadri Industries Limited. Business Overview & Revenue Model

Company Description

Sahyadri Industries Limited engages in the production and sale of cement sheets and accessories in India. It operates in Building Material and Power Generation segments. The Building Material segment manufactures and trades in asbestos sheets, flat sheets, non-asbestos flat sheets, accessories for roofing products, doors, and other building materials. The Power Generation segment generates electricity through windmills. The company provides backyard poultry structures; S3, an erect-on-site pre-engineered building technology; toilet block units; and trades in steel doors. It offers its products under Swastik, Cemply, EcoPro, Swachalay, and Swastik Kukdookoo brand names. Sahyadri Industries Limited was founded in 1947 and is based in Pune, India.

How the Company Makes Money

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Sahyadri Industries Limited. Financial Statement Overview

Summary

Sahyadri Industries Limited shows a stable financial position with strong equity and reasonable profitability margins. However, the recent decline in revenue and free cash flow poses challenges. The company maintains effective leverage management, but addressing revenue dips and enhancing cash flow generation is crucial.

Income Statement

Sahyadri Industries Limited showed a mixed performance in its income statement. The company experienced a decline in revenue from 2024 to 2025, which is concerning, but its gross profit margin and net profit margin remained relatively healthy. The gross profit margin for 2025 stood at approximately 32.74%, and the net profit margin was around 3.24%. However, the decline in EBIT and EBITDA margins indicates potential efficiency issues. Revenue growth from 2020 to 2024 was strong, but the recent dip in 2025 should be monitored closely.

Balance Sheet

The balance sheet of Sahyadri Industries Limited presents a stable financial structure with a strong equity base. The debt-to-equity ratio decreased from 2024 to 2025, reflecting improved leverage management. The return on equity (ROE) for 2025 was 5.14%, indicating a moderate return on shareholder investments. The equity ratio improved to 69.68% in 2025, showcasing a solid equity position relative to total assets. However, the company's debt levels have fluctuated over the years, which may pose risks if not managed appropriately.

Cash Flow

The cash flow statement indicates a decline in free cash flow from 2024 to 2025, which could impact future investments and debt servicing. The operating cash flow to net income ratio was strong in 2025, indicating effective cash generation relative to earnings. However, the free cash flow to net income ratio decreased significantly, signaling potential challenges in maintaining sufficient liquidity. The fluctuating cash flow trends highlight the need for better cash management to support long-term financial health.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	6.19B	6.05B	6.34B	5.94B	5.41B	4.71B
Gross Profit	2.67B	1.15B	1.17B	1.34B	1.49B	1.73B
EBITDA	549.30M	580.30M	706.00M	842.60M	1.04B	973.50M
Net Income	185.20M	194.60M	263.70M	371.10M	618.20M	616.90M
Balance Sheet
Total Assets	4.98B	5.43B	5.60B	5.57B	4.69B	3.79B
Cash, Cash Equivalents and Short-Term Investments	64.60M	54.80M	169.70M	161.50M	245.50M	520.00M
Total Debt	350.10M	783.90M	1.16B	1.24B	802.00M	467.60M
Total Liabilities	1.08B	1.65B	2.00B	2.21B	1.64B	1.34B
Stockholders Equity	3.90B	3.78B	3.60B	3.35B	3.04B	2.45B
Cash Flow
Free Cash Flow	465.90M	345.70M	157.40M	-304.60M	-544.10M	317.60M
Operating Cash Flow	556.80M	538.90M	578.00M	167.20M	105.10M	495.80M
Investing Cash Flow	-109.40M	-108.00M	-340.20M	-445.20M	-329.40M	-301.00M
Financing Cash Flow	-463.50M	-456.20M	-216.00M	290.50M	224.50M	-188.25M

Sahyadri Industries Limited. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 256.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SAHYADRI, the sentiment is Neutral. The current price of 256.8 is above the 20-day moving average (MA) of 240.96, above the 50-day MA of 246.76, and below the 200-day MA of 267.69, indicating a bearish trend. The MACD of -5.25 indicates Positive momentum. The RSI at 48.52 is Neutral, neither overbought nor oversold. The STOCH value of 70.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SAHYADRI.

Sahyadri Industries Limited. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PASUPTAC	74 Outperform	₹3.95B	4.61	―	―	36.99%	10.60%
SAHYADRI	65 Neutral	₹2.63B	14.07	―	0.40%	1.59%	-15.40%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VISAKAIND	59 Neutral	₹4.93B	79.94	―	0.74%	6.79%	―
MURUDCERA	56 Neutral	₹1.78B	12.89	―	1.44%	10.18%	28.03%
KAKATCEM	53 Neutral	₹767.28M	-5.21	―	2.30%	-32.19%	-1097.08%
APCL	51 Neutral	₹3.34B	-4.95	―	―	-3.03%	27.30%

Sahyadri Industries Limited. Corporate Events

Sahyadri Industries Announces Trading Window Closure Ahead of Q3 Results

Sahyadri Industries Limited has announced that its trading window for dealing in the company’s securities will be closed from 1 January 2026 until 48 hours after the declaration of its financial results for the quarter and nine months ended 31 December 2025. The company has directed all designated persons and their immediate relatives to refrain from trading in its shares during this period, in line with SEBI’s Prohibition of Insider Trading Regulations, underscoring its adherence to regulatory norms and governance standards ahead of its upcoming financial disclosures.