1. India Stocks

  2. •

    Non-energy minerals

  3. •

    Construction materials
Shiva Cement Ltd

Shiva Cement Ltd

12.69
INR
+0.08
(+0.63%)
3.88BMarket Cap
Shiva Cement Ltd
BSE:SHIVACEM
(Bombay Stock Exchange)

Recent

price

12.69

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
2.55
2.88
2.84
3.14
3.31
3.38
1.05
1.21
1.41
1.55
1.36
0.17
- -
16.6
10.53
14.73
- -
Revenue per Share
0.13
0.11
0.13
0.12
0.13
- -
-0.98
-1.49
-1.02
-1.09
-1.05
-1.22
-3.85
-3.27
-4.83
-4.26
- -
Basic EPS, GAAP
0.32
0.41
0.31
0.32
0.47
0.7
-0.27
-3.38
-0.38
-0.87
-4.01
-22.72
-21.98
-0.07
-9.09
-5.12
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2.18
4.55
4.72
4.85
4.97
4.94
3.92
2.43
1.41
0.3
-0.83
-2.04
-5.9
-9.17
1.98
-2.26
- -
Book Value per Share
2.17
4.52
4.7
4.82
4.95
4.91
3.4
1.94
0.94
-0.33
-1.34
-2.82
-7.12
-10.85
-0.48
-4.82
- -
Tangible Book Value per Share
183
191
199
200
200
200
209
209
209
209
209
209
209
209
295
295
295
Basic Weighted Avg Shares
465
550
567
630
662
677
220
253
294
324
285
35
- -
3,467
3,107
4,344
- -
Sales/Revenue/Turnover
7.26
10.94
12.22
10.7
8.67
5.69
-52.76
-64.29
-48.92
-45.64
-60.55
-367.62
- -
2.7
-15.5
-6.35
- -
Operating Margin (%)
38
39
35
29
39
54
59
79
76
79
78
71
590
315
421
418
- -
Depreciation Expense
23
21
26
25
25
- -
-205
-311
-213
-228
-220
-255
-805
-683
-1,425
-1,255
- -
Net Income, GAAP
31.49
29.66
32.45
32.97
9.32
98.4
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
4.97
3.88
4.67
3.97
3.78
0.02
-93.31
-123.08
-72.37
-70.47
-77.21
-736.38
- -
-19.71
-45.86
-28.9
- -
Profit Margin (%)
20
77
81
101
98
-45
-554
45
-1,354
-1,657
-416
-278
-1,138
-1,407
-1,022
-3,581
- -
Working Capital
34
15
42
79
228
174
288
1,240
148
162
1,418
7,018
10,891
13,324
12,766
13,378
- -
LT Debt
405
884
946
971
996
990
819
508
295
62
-173
-427
-783
-1,468
1,034
-220
- -
Total Equity
3.36
2.71
2.32
1.99
1.75
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
6.62
6.14
4.59
4.01
4.14
0.05
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
4.23
3.31
2.9
2.61
2.55
0.01
-22.67
-46.88
-52.95
-127.75
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
2,809
- -
LT Borrowings
- -
13,369
- -
LT Finance Leases
- -
9
- -
Preferred Equity and Hybrid Capital
- -
448
- -
Shares Outstanding
295
295
295
Market Capitalization
6,490
3,882
5,136

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,421
- -
Cash, Cash Equivalents & STI
- -
149
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
770
- -
Total Current Liabilities
- -
5,002
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
2,809
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-52.72%
5.29%
-121.24%
Free Cash Flow
1,985.49%
3,693.83%
-43.59%
Net Income, GAAP
-20,091.74%
62.61%
-11.89%
Sales/Revenue/Turnover
- -
- -
39.83%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
966
505
577
1,063
3,107
2026
1,056
- -
1,261
1,214
4,344
2027
1,515
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-0.73
-1.14
-1.15
-1.8
-4.83
2026
-1.03
- -
-1.15
-0.97
-4.26
2027
-0.72
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Shiva Cement Limited, a subsidiary of JSW Cement Limited, manufactures clinker and produces Portland slag cement (PSC), limestone chips, and related cementitious products at its facility in Kutra, Sundargarh district, Odisha, India; the company operates a clinker production capacity of 1.36-1.5 million tonnes per annum (MTPA) and achieves 1 MTPA grinding capacity through an exclusive manufacturing partnership with group company Bhushan Power and Steel Limited (BPSL); it supplies clinker primarily to JSW Cement's eastern plants in Salboni, West Bengal, and Jajpur, Odisha, while sourcing raw materials including limestone, clay, laterite, iron fines, slag, gypsum, and fly ash from proximate locations in Odisha, Chhattisgarh, and Jharkhand. Founded in 1985 and headquartered in Sundargarh, Odisha, Shiva Cement serves key markets in eastern India, encompassing Odisha, West Bengal, Jharkhand, and Bihar, with strategic proximity to rail and road networks for cost-efficient distribution. In January 2025, the company executes a Rs 380 crore agreement with BPSL for the construction, commissioning, and acquisition of a 1 MTPA cement grinding unit in Sambalpur, Odisha, following board and shareholder approvals in 2024, an initial memorandum of understanding in October 2024, and amendments in December 2024; this related-party transaction, conducted on an arm's length basis, enables Shiva Cement to supply its clinker to the unit, boosting finished cement sales and kiln utilization, with completion targeted by August-September 2025.