MarketFriction

Sagar Cements Ltd

NSE SAGCEM · BSE 502090 · Cement & Cement Products
₹150.01 +0.92%
NSE close2026-10-01
52 week range141.52 - 258.10
Market cap₹1,936 Cr.
Price band 20% Delivery 49.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales587669709561475564658671602591787706
Expenses527582641514455526621549551553705634
Operating Profit6087684720383712151388272
OPM %10%13%10%8%4.2%7%6%18%9%6%10%10%
Other Income18444855-24442112
Interest474945464648474746505352
Depreciation515756565859585556636659
Profit before tax-20-1510-48-79-64-9324-47-74-27-37
Tax %-48%-28%-13%-32%-28%-15%-21%69%-5%-13%-476%-23%
Net Profit-11-1012-32-57-54-737-44-64100-28
EPS in Rs-0.64-0.621.01-2.17-4.25-4.21-5.410.09-3.24-4.416.70-1.77
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7538141,0381,2181,1751,3711,5972,2302,5052,2582,6502,685
Expenses6307038871,0689909711,3212,0762,2582,1162,3582,442
Operating Profit123110151150186400276153247141292243
OPM %16%14%15%12%16%29%17%7%10%6%11%9%
Other Income4472481322368-62220
Interest42625963614792202185188197202
Depreciation35485466798193156214231240244
Profit before tax51446235028110418-84-284-123-184
Tax %13%193%42%41%47%34%43%54%-38%-24%-99%
Net Profit44-4261427186598-52-217-1-36
EPS in Rs5.09-0.382.571.332.4015.885.892.22-3.32-16.05-0.85-2.72
Dividend Payout %20%-78%31%38%21%8%12%32%-21%-0%-0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%14%6%13%
Compounded Profit Growth%%%77%
Stock Price CAGR1%-13%-14%-41%
Return on Equity1%-2%-6%-1%
Mar 2010Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital151720202022242426262626
Reserves1985327437598239441,1671,2321,6111,9151,6971,667
Borrowings2314344874785094918091,5101,4781,4441,4461,708
Other Liabilities1222642592813754605475836188639521,069
Total Liabilities5651,2471,5091,5391,7281,9182,5463,3493,7334,2484,1214,471
Fixed Assets3789571,0011,0531,2441,3841,3012,0482,7933,2503,1093,229
CWIP1015551251101085171009915123116
Investments3800-0-0-0-0315-0-0-0-0
Other Assets1392744523613744267278868419838891,126
Total Assets5651,2471,5091,5391,7281,9182,5463,3493,7334,2484,1214,471
Mar 2010Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity12612910115013320237787175400234216
Cash from Investing Activity-40-107-151-194-187-227-476-784223-188-113-412
Cash from Financing Activity-95-235208-773110322615-367-221-217130
Net Cash Flow-8-214159-121-23-15222-8232-8-97-67
Free Cash Flow10969-43-46-62-25-83-26959200104-201
CFO/OP149%124%96%109%91%114%103%42%124%166%169%74%
Mar 2010Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days363936333542272822303331
Inventory Days209241386239222186189338241273232227
Days Payable150353516344312358349358267460278251
Cash Conversion Cycle95-73-95-73-55-130-1337-4-157-137
Working Capital Days40-57-46-46-59-61-47-45-36-59-108-64
ROCE %14%6%8%7%8%18%8%7%1%-2%2%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters48.31%48.31%48.31%48.31%48.31%48.31%48.33%48.33%48.33%48.33%48.33%48.33%
FIIs2.56%2.84%2.70%2.64%2.64%2.63%2.58%2.63%2.84%1.76%1.67%1.61%
DIIs18.75%17.04%17.26%17.07%17.54%17.87%18.00%17.87%17.39%18.37%18.48%18.39%
Public30.38%31.80%31.72%31.97%31.50%31.18%31.09%31.16%31.42%31.53%31.52%31.68%
No. of Shareholders33,27532,42135,63838,14836,74936,57435,50232,95031,97732,50234,40134,956

Fundamentals

Market Cap₹ 1,936 Cr.
Current Price₹ 147
Book Value₹ 130
ROCE1.97 %
ROE-1.05 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)77%
Consolidated figures.
Valuation
Market capRs 1,961 Cr
Enterprise valueRs 3,650 Cr
Price to book1.16x
Price to sales0.73x
EV / EBITDA13.90x
EV / EBIT196.89x
EV / sales1.36x
Price to cash flow9.10x
Earnings yield-1.81%
P/B, 3-year average1.32x
P/E, 5-year average63.63x
P/B, 5-year average1.55x
Profitability
Operating margin (excl. other income)11.02%
Operating margin (incl. other income)11.83%
EBITDA margin9.78%
Pre-tax margin-6.83%
Net profit margin-1.32%
Net margin, latest quarter-3.27%
ROE-0.65%
ROCE2.25%
ROA-0.26%
ROE, 3-year average-4.84%
ROCE, 3-year average0.81%
ROA, 3-year average-2.12%
ROE, 5-year average-1.37%
ROCE, 5-year average3.63%
ROA, 5-year average-0.64%
ROIC (approx.)0.00%
Tax rate99.41%
Other income / net worth1.27%
Growth
Sales growth (latest year)17.38%
Sales CAGR, 3 years5.93%
Sales CAGR, 5 years14.08%
Sales growth QoQ-10.28%
Profit growth QoQ-126.38%
Sales growth YoY (latest quarter)5.28%
Profit growth YoY (latest quarter)-1994.26%
Per share
EPS (TTM)Rs -2.71
EPS (latest year)Rs -0.85
EPS (latest quarter)Rs -1.77
EPS, 3-year averageRs -6.74
EPS, 5-year averageRs -2.42
Book value per shareRs 129.52
Sales per shareRs 205.45
Cash flow per shareRs 16.49
Free cash flow per shareRs -15.38
Dividend per share, 3-year averageRs 0.70
Dividend per share, 5-year averageRs 0.70
Dividends
Dividend payout, 5-year average21.70%
Efficiency
Asset turnover0.59x
Fixed asset turnover0.82x
Inventory turnover6.68x
Inventory days55 days
Debtor days31 days
Debtors turnover11.73x
Creditor days251 days
Cash conversion cycle7 days
Working capital days-64 days
Leverage
Total debtRs 1,708 Cr
Cash and bankRs 19 Cr
Net debtRs 1,690 Cr
Debt to equity1.01x
Net debt / EBITDA6.43x
Interest coverage0.09x
Current ratio (filing 2026-03-31)0.63x
Quick ratio (filing 2026-03-31)0.37x
Trade payables (filing 2026-03-31)Rs 346 Cr
Owners' fund to total sources37.87%
Debt to assets38.21%
Cash flow
Cash from Operating Activity (latest year)Rs 216 Cr
Cash from Investing Activity (latest year)Rs -412 Cr
Cash from Financing Activity (latest year)Rs 130 Cr
Net Cash Flow (latest year)Rs -67 Cr
Free cash flow (latest year)Rs -201 Cr
FCFE (approx.: FCF + change in debt)Rs 62 Cr
Sales to cash flow12.29x
Statement figures
Net sales (TTM)Rs 2,685 Cr
Net sales (latest year)Rs 2,650 Cr
Sales (latest quarter)Rs 706 Cr
Operating profit excl. other income (latest year)Rs 292 Cr
Operating profit (latest quarter)Rs 72 Cr
Other income (TTM)Rs 20 Cr
EBITDA (TTM)Rs 263 Cr
PBDT (TTM)Rs 61 Cr
Profit before tax (TTM)Rs -184 Cr
Tax (latest year)Rs -122 Cr
Net profit (TTM)Rs -35 Cr
Net profit (latest year)Rs -11 Cr
Net profit (latest quarter)Rs -23 Cr
Depreciation (TTM)Rs 244 Cr
Depreciation (latest quarter)Rs 59 Cr
Interest (TTM)Rs 202 Cr
Cost of goods sold (latest year)Rs 2,090 Cr
Total expenditure (latest year)Rs 2,358 Cr
Total income (latest year)Rs 2,672 Cr
Share capitalRs 26 Cr
ReservesRs 1,667 Cr
Shareholders' fundsRs 1,693 Cr
Total assetsRs 4,471 Cr
Net blockRs 3,229 Cr
Capital work in progressRs 116 Cr
ReceivablesRs 226 Cr
InventoryRs 313 Cr
Other liabilitiesRs 1,069 Cr
Shares outstanding (crore)13.07
Ownership
Promoter holding48.33% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 1.16 is at the 4th percentile (median 1.91).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSAGCEMNifty 50Difference
1 week-1.2%-2.8% +1.6 pts
1 month-4.5%-6.8% +2.3 pts
3 months-16.8%-7.6% -9.2 pts
6 months-2.1%+0.4% -2.5 pts
1 year-42.3%-9.9% -32.4 pts
2 years-34.2%-13.6% -20.6 pts
3 years-35.6%+14.2% -49.8 pts
5 years-47.9%+27.9% -75.8 pts
11 mutual fund schemes hold about ₹179 Cr. Over three months 2 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Multi Asset Allocation Fund(A0.26%53 -0%
ICICI Pru Commodities Fund0.77%33 -2%
ICICI Pru Small Cap Fund0.26%25 +2%
ICICI Pru Small Cap Fund0.26%25 +2%
HDFC Multi Cap Fund0.10%21 +5%
ICICI Pru Infrastructure Fund0.08%7 +8%
SBI Comma Fund0.47%6 +0%
ICICI Pru Manufacturing Fund0.08%6 +3%
ICICI Pru Retirement Fund-Pure Equity Plan0.09%2 +0%
ICICI Pru Conservative Hybrid Fund0.05%2 +9%
Motilal Oswal BSE 1000 Index Fund0.00%0

Red flags

F-score 6 of 8
lookRepeated losses Net loss in each of the last two years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹706 Cr +5.2% vs Jun 2025. Net loss ₹28 Cr.
Against our estimate for Jun 2026: sales -6.2%, profit -18.7% in line. Our estimate for Sep 2026: sales Rs 677 Cr, profit Rs -38 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
UltraTech Cement Ltd319,10837.012.7 %
Grasim Industries Ltd210,96636.88.01 %
Ambuja Cements Ltd90,88219.35.61 %
Shree Cement Ltd79,01748.510.3 %
J K Cements Ltd37,27838.215.1 %
Dalmia Bharat Ltd30,71228.07.59 %
ACC Ltd22,58311.911.2 %
The Ramco Cements Ltd19,9491056.13 %
JSW Cement Ltd15,34919.511.1 %
Nuvoco Vistas Corporation Ltd11,79328.46.99 %
India Cements Ltd9,41269.71.24 %
Star Cement Ltd7,19819.016.6 %
Birla Corporation Ltd6,54511.79.78 %
JK Lakshmi Cement Ltd6,08515.812.0 %
Prism Johnson Ltd5,50046.95.92 %
No bulk or block deals on record.
Ex-dateActionFactor
2024-06-19Annual General Meeting/Dividend - Re 0.70 Per Share
2023-06-20Dividend - Rs 0.70 Per Share
2022-06-22Dividend - Rs 0.70 Per Share
2021-08-17 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2021-07-16 Dividend - Rs 2.50 Per Share
2021-02-02 Interim Dividend - Rs 2 Per Share
2020-11-03 Interim Dividend - Rs 2 Per Share
2020-09-01 Annual General Meeting/Dividend - Rs 2.50 Per Share
2019-07-16 Annual General Meeting/Dividend Rs 2.50 Per Share
2018-09-18 Annual General Meeting/Dividend- Rs 1.50 Per Share
2017-11-07 Interim Dividend - Rs 2.50 Per Share
2017-09-14 Annual General Meeting/Dividend - Rs 1.50 Per Share
2016-09-20 Annual General Meeting
2016-03-22 Interim Dividend - Rs 5/- Per Share
2015-09-15 Annual General Meeting/ Dividend - Rs 2.50/- Per Share
2014-10-30Interim Dividend Rs.5/- Per Share
2014-09-15Annual General Meeting
2013-09-16Annual General Meeting And Dividend Re.1/- Per Share
2012-09-10Annual General Meeting / Dividend Rs 3/- Per Share
2011-09-13Annual General Meeting And Dividend Rs.2/- Per Share
2010-09-08Annual General Meeting And Dividend Rs.2.50 Per Share
2009-09-09Agm/Div-Rs.2.50 Per Share
2008-09-15Agm/Dividend - 10%
2007-11-15Interim Dividend-15% Rd Revised
2007-09-13Agm
2007-03-212nd Interim Dividend-15% Purpose Revised
2007-02-08Interim Dividend-10%
DateTypeWhat it says
2026-09-28General UpdatesGeneral Updates
2026-07-30Concall / analyst meetTranscript
2026-07-28Concall / analyst meetLink of Recording
2026-07-27Press ReleaseA press release dated July 27, 2026, titled "Press Release regarding un-audited Financial Results {Standalone and Consolidated) for the first quarter ...
2026-07-27Board meeting outcomeSagar Cements Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-22Concall / analyst meetQ1 FY27 Earnings Call on Tuesday, July 28th 2026 at 11:00 AM IST
2026-07-03Credit RatingCredit Rating
2026-06-26Shareholder meetingVoting results.
2026-06-25Shareholder meetingProceedings of Annual General Meeting held on Jun 25, 2026
2026-06-24General UpdatesGeneral Updates4.35 MW WHRS has now been successfully commissioned and is now operational, please refer the letter attached
2026-06-19Disclosure under SEBI TakeovDr S Anand Reddy has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-06-10General UpdatesWe are pleased to inform you that one of our subsidiaries, Sagar Cements (M) Private Limited (SCMPL) has successfully commissioned and commenced its c...
2026-06-05Board meeting outcomeOutcome of Board Meeting held on Friday, 05th June 2026 - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)...
2026-05-30General UpdatesGeneral Updates
2026-05-29Disclosure under SEBI TakeovSagar Cements Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substan...
2026-05-20Concall / analyst meetTranscript
2026-05-14Shareholder meetingIntimation about the date of the ensuing Annual General Meeting and Intimation under Regulation 42 of the SEBI (LODR) Regulations 2015 regarding Closu...
2026-05-14General UpdatesDisclosure under Regulation 30 of SEBI (LODR) Regulations 2015.
2026-05-14Concall / analyst meetLink of Recording
2026-05-13Press ReleaseA press release dated May 13, 2026, titled "Press Release regarding audited Financial Results (Standalone and Consolidated) for the quarter and year e...
2026-05-13AppointmentAppointment of Mr Bhushan Deshpande as CEO of the New Division w.e.f. July 15, 2026.
2026-05-13Board meeting outcomeOutcome of Board Meeting held on May 13, 2026.
2026-05-13Board meeting outcomeSagar Cements Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-05Concall / analyst meetSchedule of meet
2026-03-30Board meeting outcomePursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directo...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)

Quick answers

What is the market cap of Sagar Cements Ltd?

Sagar Cements Ltd (SAGCEM) has a market capitalisation of Rs 1,936 Cr. at the 2026-10-01 close.

What were Sagar Cements Ltd's latest quarterly results?

In the Jun 2026 quarter, Sagar Cements Ltd sales was Rs 706 Cr (+5.2% vs Jun 2025) with a net loss of Rs 28 Cr.

What is the 52-week high and low of Sagar Cements Ltd?

The 52-week high is Rs 258.10 and the 52-week low is Rs 141.52.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03