Sagar Cements Limited (SAGCEM)

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Sagar Cements Limited (SAGCEM) · mywealthgrid

About

Sagar Cements Limited produces cement and cement products in India's Materials sector with a market capitalization of ₹2,266.21 Cr and quarterly revenues reaching ₹787 Cr. Recent financial performance shows significant volatility—one profitable quarter (₹100 Cr net profit in Mar 2026) followed by losses in the next three quarters (₹64 Cr, ₹44 Cr, ₹28 Cr)—resulting in negative ROE of -0.65% over the recent period.

Face value: ₹2

Market cap

₹1,961 Cr

P/E

—

P/B

1.2×

Dividend yield

ROE

-0.6%

ROCE

2.4%

Debt / equity

1.01

OPM

11%

EPS (TTM)

₹-2.7

Book value

₹129.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Earnings losses and volatility: Recent quarters include ₹100 Cr profit (Mar 2026) but also ₹64 Cr loss (Dec 2025), ₹44 Cr loss (Sep 2025), and ₹28 Cr loss (Jun 2026); negative ROE of -0.65% indicates capital destruction — verify root causes and recovery trajectory.
Margin compression: Operating margins range from 3.83% (Mar 2026 standalone) to 10.36% (Mar 2026 consolidated), quarter-to-quarter inconsistency suggesting inability to control costs or manage capacity; thin margins amplify downside during demand weakness.
Leverage in downturn: D/E of 1.01 with negative recent earnings and negative ROE constrains financial flexibility — monitor debt maturity profile, covenant status, and refinancing capacity if weakness persists.
Sector cyclicality: Cement demand depends on construction and infrastructure spending; three of four recent quarters show losses, suggesting current demand weakness — verify industry capacity additions and pricing pressure trends.

Generated analysis · source review pending

Growth drivers

Margin recovery to headline level: OPM of 11.02% overall vs recent quarters as low as 3.83%; stabilizing to 10%+ would require addressing cost or utilization issues, improving profitability without volume growth.
Profitability normalization: Mar 2026 showed ₹100 Cr profit with ₹787 Cr revenue, demonstrating operational capability; if causes of subsequent losses (Dec 2025 -₹64 Cr, Sep 2025 -₹44 Cr) are resolved, recovery would flow directly to equity.
Revenue scale maintenance: Quarterly revenues range ₹403 Cr (Dec 2025) to ₹786 Cr (Mar 2026); sustaining higher utilization would support margin recovery and earnings improvement.
Debt reduction opportunity: D/E at 1.01 with negative ROE (-0.65%) constrains returns; as profitability stabilizes, debt paydown would improve shareholder returns.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹150.0+1.7%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of -5% (3-yr avg)
−Weak interest coverage of 0.4×

Research score

Structured signal from quality, growth, valuation and momentum.

39/100

Business quality: 14
Growth: 19
Valuation: 82

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Ambuja Cements LimitedAMBUJACEMAMBUJACEM	₹90,012 Cr	₹90,065 Cr	₹39,867 Cr	₹6,167 Cr	16.1%	₹4,377 Cr	13.9%	5.3%	8.4%	37
Shree Cement LimitedSHREECEMSHREECEM	₹79,059 Cr	₹80,653 Cr	₹21,896 Cr	₹4,577 Cr	22.1%	₹1,630 Cr	8.4%	10.6%	7.8%	227
Jk Cement LimitedJKCEMENTJKCEMENT	₹38,279 Cr	₹44,353 Cr	₹14,401 Cr	₹2,334 Cr	17.3%	₹946 Cr	7.2%	14.3%	15.1%	71
Dalmia Bharat LimitedDALBHARATDALBHARAT	₹31,556 Cr	₹38,308 Cr	₹15,058 Cr	₹3,005 Cr	20.8%	₹409 Cr	7.8%	7.4%	6.4%	5
Acc LimitedACCACC	₹22,213 Cr	₹22,213 Cr	₹25,369 Cr	₹2,629 Cr	11.4%	₹1,909 Cr	8.2%	10.8%	10.9%	32
The Ramco Cements LimitedRAMCOCEMRAMCOCEM	₹19,633 Cr	₹23,485 Cr	₹9,228 Cr	₹1,345 Cr	15.9%	₹645 Cr	7.7%	6.1%	9%	-0
Jsw Cement LimitedJSWCEMENTJSWCEMENT	₹15,216 Cr	₹19,297 Cr	₹6,849 Cr	₹1,216 Cr	19%	₹760 Cr	-12.3%	10.1%	-11.5%	-140
Nuvoco Vistas Corporation LimitedNUVOCONUVOCO	₹11,505 Cr	₹16,046 Cr	₹11,594 Cr	₹1,907 Cr	16.4%	₹386 Cr	3.2%	7.1%	3.7%	-130
The India Cements LimitedINDIACEMINDIACEM	₹9,147 Cr	₹10,452 Cr	₹4,479 Cr	₹469 Cr	8.8%	₹92 Cr	-1.5%	1.5%	-0.7%	-28
Star Cement LimitedSTARCEMENTSTARCEMENT	₹7,211 Cr	₹7,797 Cr	₹3,807 Cr	₹902 Cr	24.8%	₹370 Cr	10.3%	17%	13%	177
Birla Corporation LimitedBIRLACORPNBIRLACORPN	₹6,383 Cr	₹9,658 Cr	₹9,848 Cr	₹1,450 Cr	15.1%	₹554 Cr	5.8%	8.8%	7.8%	63
Jk Lakshmi Cement LimitedJKLAKSHMIJKLAKSHMI	₹5,915 Cr	₹8,406 Cr	₹6,926 Cr	₹958 Cr	15%	₹370 Cr	6.1%	12.1%	11.2%	57

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,078	1,175	1,371	1,597	2,230	2,505	2,258	2,650
COGS	145	227	240	225	422	412	431	504
Gross profit	933	948	1,132	1,372	1,807	2,093	1,827	2,146
	781	762	731	1,096	1,654	1,847	1,686	1,854
	151	186	400	276	153	246	141	292
OPM %	14%	15.8%	29.2%	17.3%	6.9%	9.8%	6.3%	11%
Depreciation	54	79	81	93	156	214	231	240
Interest	59	61	47	92	202	185	188	197
	7	4	8	13	223	69	-6	22
Profit before tax	46	50	281	104	18	-84	-284	-123
Tax	19	23	96	45	10	-32	-67	-122
Tax %	42.5%	46.6%	34%	43.1%	54%	-38.1%	-23.6%	-99.4%
	26	27	186	59	9	-52	-217	-1
PAT margin %	2.4%	2.3%	13.5%	3.7%	0.4%	-2.1%	-9.6%	-0%
EPS (₹)	12.8	12.4	80.2	5	0.7	-4	-16.6	-0.1
EPS adjusted (₹)	2.6	2.3	15.8	5.9	2.2	-4	-16.1	-0.9
	31.2%	20.2%	8.1%	13.9%	106.1%	—	—	—
Annual report	Annual report for Mar 2018	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	17	20	20	20	24	24	24	26	26	26	26
Reserves	532	743	759	823	—	1,167	1,232	1,611	1,915	1,697	1,667
Minority interest	—	—	—	—	—	54	54	51	78	72	168
	382	445	445	445	—	806	1,503	1,472	1,439	1,446	1,708
	337	325	346	473	—	496	552	662	897	936	936
Total equity & liabilities	1,268	1,533	1,571	1,761	—	2,547	3,364	3,823	4,356	4,177	4,505
	957	1,001	1,053	1,217	1,384	1,301	2,048	2,782	3,240	3,081	3,175
CWIP	15	55	125	110	—	517	101	99	15	123	116
Investments	0	0	—	—	—	0	315	12	10	28	54
	295	477	393	434	—	728	901	931	1,091	945	1,161
Total assets	1,268	1,533	1,571	1,761	—	2,547	3,364	3,823	4,356	4,177	4,505

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2023 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
Cement	2,229.54	220.11	—	2,134.34
Power	0	0	—	0

SegmentFigure

CEMENT · revenue

₹ crore by fiscal year

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	86.5%	80.7%	82.5%	85.9%	81.1%	83.6%	80.9%	81%
EBITDA margin %	14%	15.8%	29.2%	17.3%	6.9%	9.8%	6.3%	11%
EBIT margin %	9.1%	9.1%	23.3%	11.5%	-0.1%	1.3%	-4%	2%
PAT margin %	2.4%	2.3%	13.5%	3.7%	0.4%	-2.1%	-9.6%	-0%
Working capital
Receivable days	31	—	27	27	22	30	33	31
Inventory days	239	—	189	338	234	273	232	227
Payable days	344	—	349	358	267	460	490	251
NWC days	-74	—	-133	7	-11	-157	-225	7
Leverage
Current ratio	0.8	—	1.15	0.96	0.98	0.86	0.58	0.63
Debt to EBITDA	2.94	—	2.01	5.45	9.61	5.85	10.25	5.85
Debt to equity	0.57	—	0.68	1.2	0.9	0.74	0.84	1.01
Interest coverage	1.8	1.8	7	2.1	1.1	0.5	-0.4	0.4
Asset turnover	0.69	—	0.54	0.47	0.58	0.57	0.54	0.59
Return ratios
Return on assets %	1.7%	—	7.3%	1.8%	0.2%	-1.2%	-5.2%	-0%
Return on capital employed %	8.7%	—	16.1%	8.5%	7.8%	2.7%	-2.2%	2.4%
Return on equity %	3.4%	—	15.6%	4.7%	0.5%	-2.7%	-12.6%	-0%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	48.31%	48.31%	48.31%	48.31%	48.31%	48.31%	48.33%	48.33%	48.33%	48.33%	48.33%	48.33%
	2.56%	2.84%	2.71%	2.64%	2.65%	2.64%	2.58%	2.63%	2.84%	1.75%	1.66%	1.61%
	18.77%	17.05%	17.26%	17.08%	17.54%	17.87%	18.01%	17.88%	17.4%	18.38%	18.49%	18.39%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	30.36%	31.8%	31.72%	31.97%	31.5%	31.18%	31.08%	31.16%	31.43%	31.54%	31.52%	31.67%
No. of shareholders	—	—	—	—	—	—	—	—	31,977	32,502	34,401	34,956

Promoter holding up 0.02 percentage points since Sep 2023.

14 deals · 15 Dec 2021 – 3 Jan 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
3 Jan 2024	CRONY VYAPAR PVT LTD	Bulk	NSE	Buy	25,72,697	₹295.07	₹75.91 Cr
3 Jan 2024	CRONY VYAPAR PVT LTD	Bulk	NSE	Sell	25,00,647	₹294.82	₹73.72 Cr
3 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	14,98,228	₹295.16	₹44.22 Cr
3 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	14,98,228	₹295.29	₹44.24 Cr
1 Jan 2024	CRONY VYAPAR PVT LTD	Bulk	NSE	Buy	19,50,031	₹285.02	₹55.58 Cr
1 Jan 2024	CRONY VYAPAR PVT LTD	Bulk	NSE	Sell	18,91,792	₹285.20	₹53.95 Cr
1 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	10,75,659	₹282.49	₹30.39 Cr
1 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	10,75,659	₹282.35	₹30.37 Cr
11 Apr 2023	ICICI PRUDENTIAL MUTUAL FUND	Bulk	BSE	Buy	60,39,698	₹183.10	₹110.59 Cr
11 Apr 2023	ICICI PRUDENTIAL MUTUAL FUND	Block	BSE	Buy	60,39,698	₹183.10	₹110.59 Cr

1–10 of 14

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. KALIDINDI VENKATA VISHNU RAJUNon-Executive - Independent Director-Chairperson
Mr. ANAND REDDY SAMMIDIExecutive Director-MD
Mr. SAMMIDI SREEKANTH REDDYExecutive Director
K Haresh BabuVice President - Finance
Mrs. RACHANA SAMMIDINon-Executive - Non Independent Director
K PrasadChief Financial Officer
Mrs. NAGA SUDHA RANINon-Executive - Nominee Director
Mr. JENS VAN NIEUWENBORGHNon-Executive - Nominee Director
Mrs. REKHA ONTEDDUNon-Executive - Independent Director
Mr. MADHAVAN GANESANNon-Executive - Nominee Director
Mr. RAVICHANDRAN RAJAGOPALNon-Executive - Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

6.33%

of the company's equity

All mutual funds

7.42%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

8 schemes · 3 fund houses

		Shares
Multi Asset Allocation Fund	SBI Mutual Fund	33.39 L	53.3	0.25%	2.555%	-0
Commodities Fund	ICICI Prudential Mutual Fund	20.68 L	33.02	0.77%	1.583%	-0
Small Cap FundNEW	ICICI Prudential Mutual Fund	15.89 L	25.36	0.26%	1.215%	—
Infrastructure Fund	ICICI Prudential Mutual Fund	4.33 L	6.91	0.08%	0.331%	-0
Comma Fund	SBI Mutual Fund	3.66 L	5.85	0.47%	0.28%	-0
Manufacturing Fund	ICICI Prudential Mutual Fund	3.62 L	5.78	0.08%	0.277%	-0
Retirement Fund - Pure Equity Plan	ICICI Prudential Mutual Fund	1.21 L	1.94	0.09%	0.093%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	81	0	0%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

13 announcementsExport CSV

29 Sept 2026, 12:31 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

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Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	86.5%	80.7%	82.5%	85.9%	81.1%	83.6%	80.9%	81%
EBITDA margin %	14%	15.8%	29.2%	17.3%	6.9%	9.8%	6.3%	11%
EBIT margin %	9.1%	9.1%	23.3%	11.5%	-0.1%	1.3%	-4%	2%
PAT margin %	2.4%	2.3%	13.5%	3.7%	0.4%	-2.1%	-9.6%	-0%
Working capital
Receivable days	31	—	27	27	22	30	33	31
Inventory days	239	—	189	338	234	273	232	227
Payable days	344	—	349	358	267	460	490	251
NWC days	-74	—	-133	7	-11	-157	-225	7
Leverage
Current ratio	0.8	—	1.15	0.96	0.98	0.86	0.58	0.63
Debt to EBITDA	2.94	—	2.01	5.45	9.61	5.85	10.25	5.85
Debt to equity	0.57	—	0.68	1.2	0.9	0.74	0.84	1.01
Interest coverage	1.8	1.8	7	2.1	1.1	0.5	-0.4	0.4
Asset turnover	0.69	—	0.54	0.47	0.58	0.57	0.54	0.59
Return ratios
Return on assets %	1.7%	—	7.3%	1.8%	0.2%	-1.2%	-5.2%	-0%
Return on capital employed %	8.7%	—	16.1%	8.5%	7.8%	2.7%	-2.2%	2.4%
Return on equity %	3.4%	—	15.6%	4.7%	0.5%	-2.7%	-12.6%	-0%

Date	Category	Subject	Filing
29 Sept 2026, 12:31 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
28 Sept 2026, 5:59 pm	Company Update General	Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015	PDF
30 Jul 2026, 5:04 pm	Company Update Earnings Call Transcript	Announcement under Regulation 30 (LODR)-Earnings Call Transcript	PDF
30 Jul 2026, 12:29 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
29 Jul 2026, 11:00 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
28 Jul 2026, 3:27 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
27 Jul 2026, 6:38 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
27 Jul 2026, 4:30 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Regulation 33 Of SEBI (LODR) Regulations 2015 - Furnishing Of Un-Audited Standalone And Consolidated Financial Results For The First Quarter Ended 30Th June, 2026	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	129	101	150	133	202	377	87	175	400	234	216
	-111	-151	-194	-187	-227	-477	-784	170	-188	-113	-412
	-235	208	-77	31	10	322	615	-367	-221	-217	130
Net cash flow	-217	159	-121	-23	-15	222	-82	-21	-8	-97	-67
Free cash flow	—	—	—	—	—	-84	-274	175	175	96	-208
CFO / Operating profit %	—	—	99.1%	—	108.9%	94.2%	31.5%	114.4%	162.8%	165.8%	73.8%

Sagar Cements Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

CEMENT · revenue

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

21

1

1

Segment results

CEMENT · revenue

Compounded sales growth

Return on equity

Sagar Cements Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

CEMENT · revenue

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends21

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Segment results

CEMENT · revenue

Cash flow

Compounded returns

Compounded sales growth

Return on equity

21

1

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