Shree Digvijay Cement Co. Ltd.
61.10
INR
-1.20
(-1.93%)
Shree Digvijay Cement Co. Ltd.
NSE:SHREDIGCEM
(National Stock Exchange of India)
Recent
price
61.10
P/E
ratio
51.20
div
yld
- -
ROIC.AI
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- Business
- Shree Digvijay Cement Company Limited operates as a cement manufacturing company primarily engaged in producing various types of cement including Portland Pozzolana Cement (PPC), Ordinary Portland Cement (OPC), Sulphate Resistant Cement (SRPC), Oil Well Cement, Calcium Aluminate Cement, and High Alumina Fire Cement. The company markets its cement under the brand "Kamal Cement" and serves mainly the Gujarat region through a distribution network of over 1,000 channel partners. It operates a manufacturing plant at Digvijaygram (Sikka), Jamnagar district, Gujarat, with an installed cement production capacity of 1.5 million tonnes per annum (MTPA), which it recently expanded from 1.2 MTPA. The company also operates a clinker production facility and an 8.5 MW waste heat recovery power plant that supplies about 27% of its power requirements. In addition to cement manufacturing, Shree Digvijay Cement has logistics services via its wholly owned subsidiary, SDCCL Logistics Limited, and owns a captive sea port capable of handling vessels of 3,000-5,000 DWT, facilitating both import and export operations. In the last 1-2 years, Shree Digvijay Cement has undertaken significant strategic and operational developments. In 2025, the company commissioned a new cement grinding unit at Sikka, effectively doubling the cement production capacity from 1.5 MTPA to 3.0 MTPA. The company also secured Environmental Clearance for this expansion. Strategically, in September 2025, Shree Digvijay Cement entered into a long-term strategic alliance with Hi-Bond Cement (India) Private Limited, acquiring exclusive distribution rights for Hi-Bond's products under an agreement valued at approximately INR 600 crore annually. This deal includes a long-term brand usage, supply, and distributorship agreement, as well as an option for Shree Digvijay Cement to acquire 100% of Hi-Bond Cement's shares within eight years. Concurrently, a transaction saw India Resurgence Fund (IRF) entities acquire a 50.10% stake in Shree Digvijay Cement, which will lead to IRF gaining control of the company, while the major existing promoter True North Fund VI LLP moves to a public shareholder status. Founded in 1937 and headquartered in Jamnagar, Gujarat, Shree Digvijay Cement Company Limited targets the construction and infrastructure sectors in India with a focus on providing cement products suitable for varied construction needs including rapid-setting projects, oil well cementing, and corrosion-resistant applications. Its manufacturing approach integrates sustainability measures through waste heat recovery and efficient logistics infrastructure supporting its mid-sized cement industry positioning in Gujarat and neighboring areas. These strategic expansions and partnerships position Shree Digvijay Cement to strengthen its competitive presence amidst sector consolidation trends in the Indian cement industry while expanding its production capabilities and market reach in western India. The company continues service through both core product sales and value-added services such as concrete mix design, cube testing, and non-destructive concrete testing solutions.