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Swing Capital

Sagar Cements Ltd

NSE: SAGCEM BSE: 502090Cement

Sagar Cements Ltd (SAGCEM) is a Cement company listed on NSE: SAGCEM | BSE: 502090. With a market cap of ₹2,312 Cr and ROCE of 3.74%, ROE of 2.06%, it operates in the Indian Cement sector.

₹177
52W: ₹149 — ₹300
PE 68.8 · Book ₹126 · +40% vs book
Market Cap₹2,312 Cr
Stock P/E68.8Price to Earnings
ROCE3.74%Return on Capital
ROE2.06%Return on Equity
Div. Yield0%Face Value ₹2

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 5.16% over past five years.
  • −Company has a low return on equity of -0.43% over last 3 years.
  • −Contingent liabilities of Rs.1,152 Cr.
  • −Promoters have pledged 30.0% of their holding.
  • −Earnings include an other income of Rs.65.0 Cr.
  • −Dividend payout has been low at 9.78% of profits over last 3 years

Shareholding Pattern

Promoters48.33%
FIIs1.67%
DIIs18.48%
Public31.52%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters48.31%48.31%48.31%48.33%▲0.048.33%48.33%48.33%48.33%
FIIs2.64%2.64%2.63%▼0.02.58%▼0.02.63%▲0.02.84%▲0.21.76%▼1.11.67%▼0.1
DIIs17.07%17.54%▲0.517.87%▲0.318%▲0.117.87%▼0.117.39%▼0.518.37%▲1.018.48%▲0.1
Public31.97%31.5%▼0.531.18%▼0.331.09%▼0.131.16%▲0.131.42%▲0.331.53%▲0.131.52%▼0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales503517394330383460436400403530
Expenses437463357328373452376371382510
Operating Profit665337210860282220
OPM %13%10%9%1%3%2%14%7%5%4%
Net Profit1532-4-27-24-3011-8-1344
EPS ₹1.172.48-0.29-2.09-1.86-2.310.88-0.63-1.013.34

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,768Cr, up 12.8% YoY. OPM at 7%.

Debt Position

Borrowings at ₹517Cr. Debt-to-equity ratio: 0.32x. Healthy balance sheet.

Capex Cycle

CWIP at ₹91Cr (6% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 18.48% (-1.11pp change). FIIs: 1.67% (-1.31pp change). Promoters hold 48.33%.

Margin & Efficiency

ROCE declining from 9% (Mar 2015) to 4% (Mar 2026). Working capital days: -57.

Valuation

PE 68.8x with 3.74% ROCE. Price is 40% above book value of ₹126. Dividend yield: 0%.

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