Shri Keshav Cements And Infra Ltd (SKCIL)

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Shri Keshav Cements And Infra Ltd (SKCIL) · mywealthgrid

About

Shri Keshav Cements And Infra Ltd manufactures cement and cement products (Materials sector, market cap ₹177.54 Cr, operating margins 19.99%). Faced significant profitability challenges with losses in 7 of last 8 recent quarters. Revenue recovered from ₹14.29 Cr (Jun 2020 trough) to ₹25.67 Cr (Mar 2021).

Face value: ₹10

Market cap

₹172 Cr

P/E

—

P/B

1.9×

Dividend yield

ROE

-7%

ROCE

6.3%

Debt / equity

2.64

OPM

22.3%

EPS (TTM)

₹-4.8

Book value

₹51.2

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Losses in 7 of 8 recent quarters despite 19.99% OPM—high fixed/below-operating costs (interest, depreciation, admin) overwhelming operating profit; verify magnitude of cost burden

Negative ROE −6.21% erodes shareholder capital; verify deterioration pace and equity-base sustainability given continued losses

Debt-to-equity 2.43 creates high interest burden on negative earnings; verify debt maturity schedule and refinancing capacity in next 12–24 months

Stock down 32.37% (1y), 63% from ₹276.85 peak—market lost confidence during loss cycle; verify if fundamentals stabilized post-Mar 2021

Generated analysis · source review pending

Growth drivers

Revenue recovered ₹14.29 Cr (Jun 2020) to ₹25.67 Cr (Mar 2021, 79% growth); verify if subsequent quarters confirm sustained recovery or rebound was temporary

Operating margins 19.99% current, 51.51% historical—strong cost discipline; verify cement sector capacity utilization and pricing trends to assess margin sustainability

Cement sector scales with infrastructure and housing demand; verify SKCIL's geographic exposure and proximity to high-growth project pipelines

Generated analysis · source review pending

2,114 historical price candles were omitted because the exchange source has not been verified.

₹98.5-1.5%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 22.3%
+High promoter holding of 62.3% with no pledge

Cons

−Low return on equity of -0.4% (3-yr avg)
−Heavily leveraged (debt/equity 2.6)
−Weak interest coverage of 1×

Research score

Structured signal from quality, growth, valuation and momentum.

53/100

Business quality: 12
Growth: 69
Valuation: 78

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

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	55	50	52	70	68	80	114	123	126	121	161
COGS	-29	-21	—	-35	-29	41	65	71	71	74	87
Gross profit	—	—	—	—	—	40	49	53	56	48	74
	72	55	40	80	71	13	14	18	17	23	38
	12	16	12	25	27	26	35	35	39	24	36
OPM %	21.9%	31.2%	22.8%	36.1%	39.1%	32.6%	30.6%	28.3%	30.6%	20%	22.3%
Depreciation	3	7	7	12	12	16	11	12	12	12	19
Interest	3	3	5	18	17	16	19	19	17	17	22
	—	—	0	0	1	0	2	2	0	3	3
Profit before tax	6	1	0	-4	-2	-6	7	6	10	-2	-1
Tax	2	—	—	—	6	3	-2	3	1	4	5
Tax %	25.8%	—	—	—	308.6%	46.6%	-22.1%	52%	9.9%	262.9%	521.9%
	5	1	-4	-20	-8	-8	9	3	9	-6	-7
PAT margin %	8.5%	1.5%	-7.4%	-28.9%	-11.2%	-10.5%	8%	2.4%	7.2%	-5.1%	-4.1%
EPS (₹)	—	—	-7.6	-39.5	-8.4	-7,02,344.2	0	0	0	0	-3.7
EPS adjusted (₹)	—	—	—	—	-6.4	-7	7.6	2.4	5.2	-3.5	-3.7
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	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	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	12	12	12	12	18	18	18
Reserves	—	1	10	37	85	79	72
Minority interest	—	—	—	—	—	—	0
	—	165	216	180	193	234	237
	181	55	36	47	61	80	96
Total equity & liabilities	193	232	274	275	356	410	423
	191	179	169	204	194	196	347
CWIP	—	6	47	9	76	139	2
Investments	—	0	0	0	0	0	0
	2	47	58	62	86	75	74
Total assets	193	232	274	275	356	410	423

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-10	8	22	21	23	33	32	29	37
	-89	-6	-6	-19	-48	-11	-75	-56	-18
	80	-6	-17	4	25	-22	55	26	-19
Net cash flow	-19	-4	-1	5	1	0	12	-1	0
Free cash flow	—	—	—	1	-19	23	-38	-56	18
CFO / Operating profit %	-87.7%	32.8%	83.6%	78.6%	66.8%	95.2%	82.7%	118.7%	102.1%

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	49.2%	43.2%	42.6%	44.1%	39.3%	46.1%
EBITDA margin %	36.1%	39.1%	32.6%	30.6%	28.3%	30.6%	20%	22.3%
EBIT margin %	19.3%	22.1%	12.4%	20.8%	18.3%	21.2%	10.2%	10.7%
PAT margin %	-28.9%	-11.2%	-10.5%	8%	2.4%	7.2%	-5.1%	-4.1%
Working capital
Receivable days	—	—	19	18	12	15	19	20
Inventory days	—	—	221	158	146	158	171	148
Payable days	—	—	40	10	25	31	50	54
NWC days	—	—	201	166	134	142	140	114
Leverage
Current ratio	—	—	0.62	2.12	1.06	1.3	0.68	0.7
Debt to EBITDA	—	—	6.27	6.22	5.16	4.98	9.64	6.59
Debt to equity	—	—	13.02	9.97	3.7	1.88	2.43	2.64
Interest coverage	0.8	0.9	0.6	1.4	1.3	1.7	0.9	1
Asset turnover	—	0.35	0.35	0.42	0.45	0.36	0.3	0.38
Return ratios
Return on assets %	—	-3.9%	-3.6%	3.3%	1.1%	2.6%	-1.5%	-1.5%
Return on capital employed %	—	—	6.5%	12.8%	10.5%	11%	4.9%	6.3%
Return on equity %	—	—	-66.7%	42%	6%	8.9%	-6.4%	-7.3%

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
	68.96%	68.96%	60.99%	60.99%	60.99%	60.99%	60.99%	60.99%	60.99%	60.99%	62.33%	62.33%
	0%	0%	4.43%	4.43%	2.5%	7.07%	7.07%	7.07%	7.45%	10.34%	10.34%	9.72%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	31.04%	31.04%	34.58%	34.58%	36.51%	31.94%	31.94%	31.94%	31.56%	28.67%	27.33%	27.95%
No. of shareholders	—	—	—	—	—	—	—	—	4,630	4,330	4,276	4,246

Promoter holding down 6.63 percentage points since Sep 2023.

14 deals · 20 Aug 2024 – 18 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
18 Aug 2026	ULTRA SIGMA PRIVATE LIMITED	Bulk	BSE	Sell	1,29,292	₹100.88	₹1.30 Cr
14 Jan 2026	SANTOSH DESAI	Bulk	BSE	Buy	1,00,000	₹200.00	₹2.00 Cr
13 Aug 2025	D V TRADES LIMITED	Bulk	BSE	Sell	88,700	₹178.01	₹1.58 Cr
13 Mar 2025	ULTRA SIGMA PRIVATE LIMITED	Bulk	BSE	Buy	88,000	₹143.00	₹1.26 Cr
13 Mar 2025	HAS LIFESTYLE LIMITED	Bulk	BSE	Sell	88,000	₹143.00	₹1.26 Cr
13 Nov 2024	FORBES EMF	Bulk	BSE	Buy	8,00,000	₹203.00	₹16.24 Cr
13 Nov 2024	MITCON SUN POWER LIMITED	Bulk	BSE	Sell	7,99,271	₹203.00	₹16.23 Cr
13 Sept 2024	TEAM INDIA MANAGERS LTD	Bulk	BSE	Sell	1,01,840	₹241.03	₹2.45 Cr
13 Sept 2024	GKK CAPITAL MARKETS PRIVATE LIMITED	Bulk	BSE	Buy	1,00,000	₹241.00	₹2.41 Cr
12 Sept 2024	TEAM INDIA MANAGERS LTD	Bulk	BSE	Sell	1,10,000	₹233.48	₹2.57 Cr

1–10 of 14

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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. VENKATESH KATWAExecutive Director-Chairperson related to Promoter
Mr. VILAS KATWAExecutive Director-MD
Mr. DEEPAK KATWAExecutive Director
Mr. BALASAHEB MESTRINon-Executive - Independent Director
Mr. KRISHNAJI CHIMAJI PATILNon-Executive - Independent Director
Mrs. SAVITA METRANINon-Executive - Independent Director
Mrs. Nikita KarnaniCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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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.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Shri Keshav Cements And Infra Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

Annual reports

Credit ratings

We wish to inform you that Infomerics Ratings has reaffirmed the Ratings to the company as per the below attachment.9 Jun 2026

Investor Presentation and earnings call

Feb 2026Transcript AI Summary PPT REC
Nov 2025Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

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

4

Final dividend20 Sept 2017 · ex-date₹1
Dividend dividend22 Sept 2016 · ex-date₹1
Dividend dividend12 Sept 2013 · ex-date₹1
Dividend dividend10 Sept 2008 · ex-date₹1

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

25 Aug 2026, 11:16 amOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

15 Aug 2026, 7:23 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

14 Aug 2026, 2:51 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

14 Aug 2026, 2:48 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

14 Aug 2026, 1:28 pmResult

Financial Results For The Quarter Ended 30/06/2026

Financial Results PDF

14 Aug 2026, 1:21 pmBoard Meeting

Board Meeting Outcome for Outcome Of The Board Meeting Dt 14/08/2026

Outcome of Board Meeting PDF

7 Jul 2026, 3:05 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

Date	Category	Subject	Filing
25 Aug 2026, 11:16 am	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
15 Aug 2026, 7:23 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

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Shri Keshav Cements And Infra Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends4

Board meetings1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Dividends4

Board meetings1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

4

1

4

1