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Saurashtra Cement Ltd Performance

Today's Low
113.70
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Today's High
117.00
52 Wk Low
97.00
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52 Wk High
130.60


Open

114.25

Traded Value (Cr)

1.34 Cr

Prev. Close

113.8

VWAP

118.22

Volume

4,74,973

Face Value

10

Saurashtra Cement Ltd Fundamentals

Market Cap
₹ 1,339 Cr
P/E Ratio (TTM)
26.00
P/B Ratio
1.50
Debt to Equity
0.08
ROE
2.95 %
EPS (TTM)
4.64
Dividend Yield
0.00%
Book Value
80.69

Click here to know more about Fundamentals

Saurashtra Cement Ltd Financials

Saurashtra Cement Ltd Financials

Saurashtra Cement Ltd Shareholding Pattern

Held By Mar 2024 Feb 2024 Dec 2023 Sep 2023
Promoters 66.96 % 66.99 % 67.09 % 67.14 %
Retail 23.53 % 23.25 % 22.62 % 21.91 %
Others 9.51 % 9.76 % 10.29 % 10.95 %
FII 0.00 % 0.00 % 0.00 % 0.00 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %

Promoters

66.96%

Retail

23.53%

Others

9.51%

FII

0.00%

Mutual Funds

0.00%

Promoters

66.99%

Retail

23.25%

Others

9.76%

FII

0.00%

Mutual Funds

0.00%

Promoters

67.09%

Retail

22.62%

Others

10.29%

FII

0.00%

Mutual Funds

0.00%

Promoters

67.14%

Retail

21.91%

Others

10.95%

FII

0.00%

Mutual Funds

0.00%

Resistance and Support

₹121.65

PIVOT

resistance-arrow
Resistance
First Resistance₹125.850
Second Resistance₹129.200
Third Resistance₹133.400
support-arrow
Support
First Resistance₹118.300
Second Resistance₹114.100
Third Resistance₹110.750
RSI44.231
MACD1.448
ADX28.640
CCI-30.352

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day474,973233,84649.23
Week333,561155,94648.31
1 Month315,053177,63556.90
6 Months314,504134,95542.91

About Saurashtra Cement Ltd

Promoted in 1956, Saurashtra Cement Ltd (SCL), was set up to manufacture cement by the semi-dry process. In 1960, the Mehta group, headed by Nanji Kalidas Mehta invested Rs 50 lac in SCL. The plant is located at Ranavav, Gujarat. In 1980, the group was invited by the Government of Gujarat to invest in a joint venture, Cement Corporation of Gujarat, now called Gujarat Sidhee Cement (GSCL). The Mehta group spans over seven countries with interests in sugar, engineering, cement, electrical cables, power, alcohol, etc. SCL was the first BIFR case to be turned around without a rehabilitation package/assistance. It enjoys a market share of 23% in Gujarat. In Oct.'93, it issued rights shares and PCDs to increase its capacity from 8.63 lac tpa to 11.29 lac tpa. At present, the company is engaged in the business of manufacturing and selling of Cement and Paints. It has entered into a technical collaboration with Fuller, US, to provide designs for plant equipment. It holds a mining lease near Ranavav for limestone quarrying. The Company commenced a 7500 tonne silo for the bulk loading of cement at its jetty in the Porbandar Port during 2004 and was made fully operational in 2006. It installed second silo having a capacity of 8000 MT at the jetty along with mechanized facility to load cement in 2006. The Company's net worth as at 30th June, 2005 had been completely eroded and the Hon'ble BIFR declared the Company as a sick industrial undertaking vide its order dated 21st September 2006. The Company had five wholly owned subsidiary companies. Out of these five subsidiaries, four companies namely Pranay Holdings Limited, Prachit Holdings Limited, Ria Holdings Limited and Reeti Investments Private Limited accordingly merged with the Company through the Scheme of Amalgamation and the said Amalgamation became effective from 1st April 2018. Similarly, Parsec Enterprises Private Limited, a promoter group company, got amalgamated with Company effective from April 01, 2020. The Company acquired the paints business of Snowcem Paints Pvt. Ltd., including the brands owned by them on a slump sale basis during FY 2021-22. Further, it embarked on a digital transformation journey under 'Project Parivartan'. In 2023, the Scheme of Amalgamation of Gujarat Sidhee Cement Limited (GSCL) with the Company became effective from 30th March 2023. In terms of the said Scheme of Amalgamation, the Company issued and allotted 5,40,09,641 new equity shares of Rs 10/- each fully paid up to the shareholders of erstwhile Gujarat Sidhee Cement Limited on April 26, 2023 in the merger ratio of 62:100.

Managing Director

M S Gilotra

Founded

1956

NSE Symbol

SAURASHCEM

Saurashtra Cement Ltd Management

NameDesignation
M N MehtaChairman (Non-Executive)
Jay MehtaExecutive Vice Chairman
H D MehtaDirector
M N RaoIndependent Director
K N BhandariIndependent Director
B P DeshmukhIndependent Director
Hemnabh KhatauDirector
M S GilotraManaging Director
Bimal ThakkarIndependent Director
Bhagyam RamaniIndependent Director
Sonali SanasCompany Sec. & Compli. Officer
Ashwani KumarIndependent Director
Aman Pradeepchand KhannaIndependent Director
Radhika Samarjitsinh GaekwadIndependent Director

Saurashtra Cement Ltd News

Saurashtra Cement allots 56,473 equity shares under ESOP
Saurashtra Cement reports consolidated net profit of Rs 12.57 crore in the December 2023 quarter
Sales rise 0.97% to Rs 446.69 crore
Board of Saurashtra Cement recommends interim dividend
Of Rs 1 per share
Saurashtra Cement to hold board meeting
On 12 February 2024
Saurashtra Cement temporarily shuts down kiln at Sidheegram unit
Saurashtra Cement reports consolidated net profit of Rs 0.73 crore in the September 2023 quarter
Sales rise 14.09% to Rs 374.86 crore
Saurashtra Cement to convene board meeting
On 8 November 2023
Saurashtra Cement consolidated net profit rises 173.38% in the June 2023 quarter
Sales rise 10.72% to Rs 446.11 crore
Saurashtra Cement to conduct AGM
On 17 August 2023
Saurashtra Cement announces board meeting date
On 7 August 2023

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Saurashtra Cement Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Saurashtra Cement Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Saurashtra Cement Ltd's share price is ₹114.80 as of May 10, 2024

Saurashtra Cement Ltd's P/E ratio is 26.00 times as of May 10, 2024.

Saurashtra Cement Ltd's most recent financial reports indicate a price-to-book ratio of 1.50, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Saurashtra Cement Ltd's market is 1,339 Cr as on May 10, 2024.

The current financial records of Saurashtra Cement Ltd show a 2.95% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Saurashtra Cement Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Saurashtra Cement Ltd's 52-week high and low as of May 10, 2024 are ₹117 and ₹113.7 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Saurashtra Cement Ltd stands at 66.96%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 0.00% to 0.00%.