Saurashtra Cement Limited (SAURASHCEM) AI Stock Analysis

• Market Cap: ₹11.08B
• Dividend Yield: 2.01%
• Average Volume (3M): 12.84K
• Price to Earnings (P/E): 79.6
• Beta (1Y): 1.24
• Revenue Growth: -7.59%
• EPS Growth: -74.43%
• Country: IN
• Employees: 790
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): 1.51
• Shares Outstanding: 111,253,160
• 10 Day Avg. Volume: 6,310
• 30 Day Avg. Volume: 12,838
• PEG Ratio: -1.49
• Price to Book (P/B): 0.96
• Price to Sales (P/S): 0.59
• P/FCF Ratio: -16.27
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: ₹109.00 ▲(11.34% Upside)

Saurashtra Cement Limited's overall stock score reflects its mixed financial performance and bearish technical indicators. The high P/E ratio suggests overvaluation, which is a significant risk. The lack of positive earnings call data or corporate events further limits the stock's attractiveness.

Saurashtra Cement Limited Business Overview & Revenue Model

Company Description

Saurashtra Cement Limited (SAURASHCEM) is a prominent player in the Indian cement industry, primarily engaged in the production and marketing of cement and clinker. The company operates a fully integrated cement plant located in the region of Saurashtra, Gujarat, which is known for its high-quality limestone reserves. SAURASHCEM's core products include Ordinary Portland Cement (OPC) and Portland Pozzolana Cement (PPC), catering to a diverse range of construction needs, from residential buildings to large infrastructure projects. The company is committed to sustainable practices and aims to meet the growing demand for eco-friendly building materials.

How the Company Makes Money

Saurashtra Cement Limited generates revenue primarily through the sale of its cement and clinker products. The company has a well-established distribution network that allows it to reach a broad customer base, including retail consumers, contractors, and large construction firms. Key revenue streams include sales from different cement grades, which cater to various market segments. Additionally, SAURASHCEM benefits from strategic partnerships with construction companies and suppliers that enhance its market presence. The company also engages in cost-effective production methods and utilizes technological advancements to improve efficiency and reduce operational costs, contributing positively to its profit margins.

Saurashtra Cement Limited Financial Statement Overview

Summary

Saurashtra Cement Limited shows a mixed financial performance. The company maintains a healthy gross profit margin and a stable equity base, but faces challenges with inconsistent profitability and cash flow issues. Operational inefficiencies are evident, impacting financial stability.

Income Statement

Saurashtra Cement Limited has shown fluctuating revenue growth with a significant decline in the most recent year. The gross profit margin remains healthy, indicating good cost management. However, net profit margins have been inconsistent with negative results in some years, suggesting volatility. EBITDA margins have also seen a downward trend, impacting overall profitability.

Balance Sheet

The company's balance sheet reflects a solid equity base with a moderate debt-to-equity ratio, indicating manageable leverage. Return on equity has been inconsistent, reflecting operational challenges. The equity ratio is stable, highlighting a strong asset base supported by equity.

Cash Flow

Cash flow analysis reveals challenges in generating consistent free cash flow, with negative figures in recent years. The operating cash flow to net income ratio indicates some inefficiencies in converting income into cash flows, posing a risk to liquidity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	15.75B	15.38B	17.55B	16.45B	14.51B	6.74B
Gross Profit	11.67B	11.73B	14.08B	13.31B	4.43B	3.01B
EBITDA	816.09M	699.67M	1.44B	182.54M	784.03M	1.26B
Net Income	139.75M	69.83M	565.95M	-219.93M	231.09M	722.92M
Balance Sheet
Total Assets	0.00	16.03B	15.71B	13.57B	13.96B	7.26B
Cash, Cash Equivalents and Short-Term Investments	2.36B	2.38B	1.66B	186.26M	1.10B	1.06B
Total Debt	0.00	1.36B	850.29M	659.48M	1.04B	220.52M
Total Liabilities	-9.47B	6.55B	6.43B	4.75B	4.92B	2.03B
Stockholders Equity	9.47B	9.47B	9.28B	8.82B	9.04B	5.23B
Cash Flow
Free Cash Flow	0.00	-561.07M	866.72M	-174.88M	-543.59M	950.54M
Operating Cash Flow	0.00	302.30M	1.55B	214.52M	-81.75M	1.34B
Investing Cash Flow	0.00	-52.48M	-1.57B	324.50M	-298.63M	-1.21B
Financing Cash Flow	0.00	267.86M	26.54M	-491.17M	310.94M	-171.65M

Saurashtra Cement Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 97.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SAURASHCEM, the sentiment is Negative. The current price of 97.9 is below the 20-day moving average (MA) of 102.18, below the 50-day MA of 108.19, and above the 200-day MA of 97.06, indicating a neutral trend. The MACD of -2.33 indicates Positive momentum. The RSI at 33.45 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SAURASHCEM.

Saurashtra Cement Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AMNPLST	70 Outperform	₹11.80B	29.68	―	0.24%	2.48%	-1.95%
NRAIL	67 Neutral	₹8.03B	26.06	―	0.46%	38.76%	-65.13%
SHREDIGCEM	64 Neutral	₹13.42B	35.75	―	1.67%	3.09%	-50.15%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SAURASHCEM	55 Neutral	₹11.08B	79.65	―	2.01%	-7.59%	-74.43%
ORIENTPPR	43 Neutral	₹5.31B	―	―	0.99%	8.33%	55.98%
ACL	41 Neutral	₹6.71B	-4.06	―	―	8.17%	-67.80%

Saurashtra Cement Limited Corporate Events

Saurashtra Cement Receives Rs. 16.56 Crore Tax Demand Order

Saurashtra Cement Limited has received a Demand Order from the Office of the Commissioner of Central Excise & CGST, Bhavnagar, for the financial years 2018-19 to 2023-24. The order demands an aggregate amount of Rs. 16.56 Crores, including tax and penalties, for the ineligible availing and utilization of Input Tax Credit. The company is assessing the situation and considering filing an appeal, as it believes the demand is not maintainable and does not foresee any significant impact on its financials or operations.

Saurashtra Cement Limited Announces Trading Window Closure

Saurashtra Cement Limited has announced the closure of its trading window in compliance with SEBI’s Prohibition of Insider Trading Regulations, 2015. This closure is effective from September 24, 2025, and will last until 48 hours after the announcement of the company’s unaudited financial results for the quarter and half-year ending September 30, 2025. The decision impacts all designated persons and their immediate relatives, who are advised against trading the company’s equity shares during this period. However, employees with options under the Saurashtra Employee Stock Option Scheme 2017 can still exercise their options. This move is part of the company’s adherence to regulatory standards and aims to maintain transparency and fairness in its trading practices.

Saurashtra Cement Receives Income Tax Notice for 2017-18

Saurashtra Cement Limited has received a Show Cause Notice from the Income Tax Department for the Assessment Year 2017-18 concerning transactions related to third-party power procurement. The company has stated that it does not anticipate any significant financial impact from this notice due to a corresponding claim under section 80-IA of the Income Tax Act.

Saurashtra Cement Limited Successfully Concludes 67th AGM

Saurashtra Cement Limited conducted its 67th Annual General Meeting (AGM) on August 29, 2025, via video conferencing, adhering to the guidelines set by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The company provided remote e-voting and e-voting facilities during the AGM. Mr. Sachin Ahuja was appointed as the Scrutinizer to oversee the voting process. All resolutions proposed at the AGM were passed with the requisite majority, and the voting results, along with the Scrutinizer’s report, will be available on the company’s website.

Saurashtra Cement’s AGM Resolutions Passed with Majority

Saurashtra Cement Limited held its 67th Annual General Meeting on August 29, 2025, where all resolutions proposed were passed with the requisite majority. The meeting was conducted via video conferencing, and voting was facilitated through remote e-voting and e-voting at the AGM. The results, along with the scrutinizer’s report, are available on the company’s website. This outcome signifies a smooth decision-making process and shareholder agreement on the company’s strategic directions.

Saurashtra Cement Limited’s 67th AGM Resolutions Passed Successfully

Saurashtra Cement Limited successfully conducted its 67th Annual General Meeting (AGM) on August 29, 2025, through video conferencing. All resolutions proposed during the AGM were approved by the shareholders with the requisite majority. The voting results and the scrutinizer’s report are available on the company’s website, reflecting a smooth and compliant execution of the AGM. This outcome reinforces the company’s commitment to transparency and effective governance, which is likely to strengthen stakeholder confidence and support its strategic objectives.