Digvijay Cement

Jamnagar, India Founded: 2005 • Age: 21 yrs Listed Acquired By India Resurgence Fund
Provider of cement for the construction industry

About Digvijay Cement

Digvijay Cement is a publicly listed company based in Jamnagar (India) founded in 2005, and was acquired by India Resurgence Fund in September 2025. Provider of cement for the construction industry. The company has 700 employees. Its chief executive, as recorded, is Rajeev Nambiar. Its Indian entity Shree Digvijay Cement Co Limited reported revenue of β‚Ή753 Cr. Its focus areas include Real Estate and Construction, Building Materials, Construction Materials and Cement. Its competitors include Sagar Cements, Dalmia Bharat and JSW Cement; 1 of its 3 listed competitors has raised funding.

Company details

Digvijay Cement was established in 2005 in Jamnagar, India, as a provider of cement products to the construction sector. Manufacturing operations are centered in Jamnagar, where raw materials are processed into various cement grades for infrastructure and building projects. The company focuses on standard cement supply without additional services noted. Leadership is provided by Rajeev Nambiar as CEO and Managing Director, overseeing regional distribution in India.

  • Headquarters Jamnagar, India
  • Employees 700
  • Stage Acquired
  • Sectors
    Real Estate & Construction
  • Email
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  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website digvijaycement.com
  • Social LinkedIn X
  • Acquired by True North (Nov 2018)
  • Legal Name Shree Digvijay Cement Co. Ltd.
Key Metrics
  • Market Cap
    ₹778 Cr

    SHREDIGCEM · NSE

  • Share Price
    ₹50.70

    -3.56% today

  • Revenue
    ₹749 Cr

    FY 2025-26 · +3.3% YoY

  • EBITDA
    ₹70.52 Cr

    Margin 9.4%

  • Net Profit
    ₹24.97 Cr

    FY 2025-26 · -0.9% YoY

  • ROE
    6.8%

    ROCE 6.3%

  • Debt / Equity
    0.86

    Interest cover 24.3x

  • Investors
    Grasim

    & 3 more

  • Employee Count
    700
  • Acquired by
    India Resurgence Fund

    & 3 more

    (Sep 2025)

Investors in Digvijay Cement

Digvijay Cement has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Grasim, India Resurgence Fund and Votorantim Cimentos.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
Private equity is invested by True North in mid-market companies.
truenorth.co.inMumbai, India
Distressed and special situations investments across various sectors in India.
2016indiarf.comMumbai, India
Fabrics, synthetic yarns, viscose, chemicals, and linen products are manufactured.
1947grasim.comUjjain, India
votorantimcimentos.co.in
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Investor details for Digvijay Cement

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  • Round participation
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Board of directors of Shree Digvijay Cement Co Limited (Digvijay Cement)

Shree Digvijay Cement Co Limited is the primary company behind Digvijay Cement. The boards of the 2 registered companies of Digvijay Cement currently have 9 directors; the longest-serving is Anil Chandanmal Singhvi, appointed in 2019. 39 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Anil Chandanmal Singhvi
DIN 00239589
Director30 Apr 20197 yrs 6 moShree Digvijay Cement Co Limited
Mahesh Shrikrishna Gupta
DIN 00046810
Director30 Apr 20197 yrs 6 moShree Digvijay Cement Co Limited
Satish Prabhakar Kulkarni
DIN 08741350
Director02 Jun 20206 yrs 4 moShree Digvijay Cement Co Limited
Vikas Kumar
DIN 08728752
Director28 Jul 20206 yrs 3 moSdccl Logistics Limited
Suresh Kumar Meher
DIN 01033728
Director28 Jul 20206 yrs 3 moSdccl Logistics Limited
Mitu Samarnath Jha
DIN 07244627
Director27 Apr 20233 yrs 6 moShree Digvijay Cement Co Limited
Krishna Kumar Ramanujan
DIN 10412896
Director15 Dec 20232 yrs 10 moSdccl Logistics Limited
Shitij Ramesh Kale
DIN 08593079
Director18 Dec 202510 moShree Digvijay Cement Co Limited
Amit Arora
DIN 11746165
Managing Director17 Jun 20264 moShree Digvijay Cement Co Limited

People of Digvijay Cement

1 people are tracked at Digvijay Cement (1 in leadership); the tracked headcount is 700.

NameRoleGroup
Rajeev Nambiar
CEO & MDLeadership
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Complete people profiles for Digvijay Cement

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IPO & Listings of Digvijay Cement

Digvijay Cement is a publicly listed company on the NSE with ticker symbol SHREDIGCEM in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date28 Jan 2020
  • Listed onNSE: SHREDIGCEM
  • Listed entityShree Digvijay Cement Co. Ltd.
  • Exchange sectorNon-energy minerals
  • ISININE232A01011
  • Share price₹65.10 (+0.59% on the day) · 2026-10-14
  • Market capitalisation₹957 Cr
  • Price to earnings53.5
  • EPS (diluted, trailing year)₹1.22
  • Dividend yield1.55%
  • Volume (last session)22,086

Financials of Digvijay Cement

Exchange-reported figures of Shree Digvijay Cement Co Limited, the listed company behind Digvijay Cement (NSE: SHREDIGCEM).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹749 Cr
+3.3% YoY
EBITDA
₹70.52 Cr
+23.3% YoY
Profit After Tax
₹24.97 Cr
-0.9% YoY
Net Worth
₹366 Cr
+0.5% YoY
Total Assets
₹892 Cr
+84.3% YoY
Total Debt
₹514 Cr
+364.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue749725792727629503
Revenue growth+3.3%-8.5%+9.0%+15.5%+25.2%-
EBITDA70.5257.21146101117105
EBITDA margin+9.4%+7.9%+18.4%+13.9%+18.6%+20.9%
Profit before tax33.7834.5311871.4788.1882.92
Net profit24.9725.1987.7758.0355.3654.32
Net profit margin+3.3%+3.5%+11.1%+8.0%+8.8%+10.8%
EPS (β‚Ή)1.691.705.964.003.843.79
Balance sheet
Total assets892484392337328324
Net worth366364382325312311
Total debt5141110.020.030.210.28
Cash & bank4.8350.3114.2710883.32124
Net working capital42480.98137133111116
Cash flow
Cash from operations(411)13595.6586.2957.2794.96
Cash from investing(7.81)(164)(60.97)(36.66)(39.83)(96.72)
Cash from financing37365.15(34.06)(49.76)(55.98)(21.18)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue279337208183161196216187
Revenue growth (YoY)+73.1%+72.1%-3.7%-1.8%+11.1%+10.8%--
Other income0.461.080.211.391.061.405.251.57
EBITDA(1.76)29.2024.892.4519.4223.7927.69(0.16)
EBITDA margin-0.6%+8.7%+11.9%+1.3%+12.0%+12.1%+12.8%-0.1%
Depreciation9.469.509.509.456.206.097.187.05
Interest11.2911.634.803.550.630.580.520.84
Profit before tax(22.05)9.1510.80(9.16)13.6518.5225.24(6.48)
Tax(5.78)2.332.85(2.19)3.424.736.88(1.64)
Net profit(16.27)6.827.95(6.97)10.2313.7918.36(4.84)
EPS (β‚Ή)(1.10)0.460.54(0.47)0.690.931.24(0.33)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue749725792725629503470
Revenue growth+3.3%-8.4%+9.2%+15.2%+25.2%+7.0%-
EBITDA70.5457.23146101117105101
EBITDA margin+9.4%+7.9%+18.4%+13.9%+18.6%+20.9%+21.5%
Profit before tax33.7934.5511870.9888.2182.9576.58
Net profit24.9825.2187.7557.6555.3954.3556.40
Net profit margin+3.3%+3.5%+11.1%+8.0%+8.8%+10.8%+12.0%
EPS (β‚Ή)1.691.705.953.973.843.793.99
Balance sheet
Total assets892484391337328324289
Net worth365364381325312311276
Total debt5141110.020.030.210.280.35
Cash & bank4.4849.9413.8410883.2912474.39
Net working capital42480.6013613311111663.80
Cash flow
Cash from operations(411)13595.5785.9657.3194.9694.11
Cash from investing(7.81)(164)(60.97)(36.66)(39.88)(96.73)(13.67)
Cash from financing37365.15(34.06)(49.76)(55.98)(21.18)(42.07)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue279337208183161196216187
Revenue growth (YoY)+73.1%+72.1%-3.7%-1.8%+11.2%+10.8%--
Other income0.461.080.211.391.061.405.251.57
Total expenses281308184181142172189187
EBITDA(1.76)29.2124.892.4519.4223.7927.69(0.15)
EBITDA margin-0.6%+8.7%+11.9%+1.3%+12.0%+12.1%+12.8%-0.1%
Depreciation9.469.509.509.456.206.097.187.05
Interest11.2911.634.803.550.630.580.520.84
Profit before tax(22.05)9.1610.80(9.16)13.6518.5225.24(6.47)
Tax(5.78)2.332.85(2.19)3.424.736.88(1.64)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue279337208183161196216187
Revenue growth (YoY)+73.1%+72.1%-3.7%-1.8%+11.1%+10.8%--
Other income0.461.080.211.391.061.405.251.57
EBITDA(1.76)29.2024.892.4519.4223.7927.69(0.16)
EBITDA margin-0.6%+8.7%+11.9%+1.3%+12.0%+12.1%+12.8%-0.1%
Depreciation9.469.509.509.456.206.097.187.05
Interest11.2911.634.803.550.630.580.520.84
Profit before tax(22.05)9.1510.80(9.16)13.6518.5225.24(6.48)
Tax(5.78)2.332.85(2.19)3.424.736.88(1.64)
Net profit(16.27)6.827.95(6.97)10.2313.7918.36(4.84)
EPS (β‚Ή)(1.10)0.460.54(0.47)0.690.931.24(0.33)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue749725792727629503
Revenue growth+3.3%-8.5%+9.0%+15.5%+25.2%-
Other income4.069.849.337.043.996.32
Total expenses679668646626512398
Employee cost42.8841.9340.7338.9537.6736.62
EBITDA70.5257.21146101117105
EBITDA margin+9.4%+7.9%+18.4%+13.9%+18.6%+20.9%
Depreciation31.2529.7534.6235.2631.4026.83
Interest9.552.772.121.341.461.59
Profit before tax33.7834.5311871.4788.1882.92
Tax8.819.3530.4613.4032.9128.94
Net profit24.9725.1987.7758.0355.3654.32
Net profit margin+3.3%+3.5%+11.1%+8.0%+8.8%+10.8%
EPS (β‚Ή)1.691.705.964.003.843.79
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital148148147145144142
Reserves & surplus218216234180168169
Shareholders' funds (net worth)366364382325312311
Minority interest0.000.000.000.000.000.00
Secured loans4811100.000.000.000.00
Unsecured loans32.780.860.020.030.210.28
Total debt5141110.020.030.210.28
Total liabilities892484392337328324
Assets
Gross block653378372351336293
Net block406163171182197182
Capital work in progress15.1721638.857.225.3812.56
Investments2.532.302.090.000.000.00
Inventories11711513811512774.97
Sundry debtors37.1717.9632.1121.6613.3610.72
Cash & bank balances4.8350.3114.2710883.32124
Loans & advances43011094.9212.528.7110.18
Total current assets589294279258232220
Total current liabilities164213143125121104
Net working capital42480.98137133111116
Total assets892484392337328324
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash49.1513.3612.7412.8851.4274.36
Net cash from operating activities(411)13595.6586.2957.2794.96
Net cash from investing activities(7.81)(164)(60.97)(36.66)(39.83)(96.72)
Net cash from financing activities37365.15(34.06)(49.76)(55.98)(21.18)
Net change in cash(45.44)35.790.62(0.14)(38.54)(22.94)
Closing cash4.8350.3114.2710883.32124
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+3.3%-8.5%+9.0%+15.5%+25.2%-
EBITDA growth+23.3%-60.7%+44.2%-13.7%+11.5%-
PBT growth-2.2%-70.8%+65.4%-19.0%+6.3%+9997.0%
Net income growth-0.9%-71.3%+51.3%+4.8%+1.9%-
Revenue CAGR (3Y)+1.0%+4.8%+16.4%---
EBITDA CAGR (3Y)-11.3%-21.2%+11.5%---
Profitability & leverage
Net income margin+3.3%+3.5%+11.1%+8.0%+8.8%+10.7%
Return on capital employed+6.3%+8.5%+33.0%+21.9%+27.5%+26.1%
Return on net worth+6.8%+6.8%+24.9%+18.2%+17.7%+17.4%
Debt / equity0.860.150.000.000.000.00
Long-term debt / equity0.760.130.000.000.000.00
Interest cover24.3210.091.912.041.702.03
Efficiency & per share
Fixed asset turnover1.451.932.192.112.001.72
Inventory turnover6.465.736.256.006.246.71
Debtors turnover27.1828.9729.4641.5052.2746.90
EPS (β‚Ή)1.691.705.964.003.843.79
Dividend per share (β‚Ή)1.001.503.004.003.502.50
Book value per share (β‚Ή)24.7424.6225.8822.3821.6821.86
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue279337208183161196216187
Revenue growth (YoY)+73.1%+72.1%-3.7%-1.8%+11.2%+10.8%--
Other income0.461.080.211.391.061.405.251.57
Total expenses281308184181142172189187
EBITDA(1.76)29.2124.892.4519.4223.7927.69(0.15)
EBITDA margin-0.6%+8.7%+11.9%+1.3%+12.0%+12.1%+12.8%-0.1%
Depreciation9.469.509.509.456.206.097.187.05
Interest11.2911.634.803.550.630.580.520.84
Profit before tax(22.05)9.1610.80(9.16)13.6518.5225.24(6.47)
Tax(5.78)2.332.85(2.19)3.424.736.88(1.64)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue749725792725629503470
Revenue growth+3.3%-8.4%+9.2%+15.2%+25.2%+7.0%-
Other income4.059.849.337.043.996.322.25
Total expenses679668646624512398369
Employee cost42.8841.9340.7338.9537.6736.6234.39
EBITDA70.5457.23146101117105101
EBITDA margin+9.4%+7.9%+18.4%+13.9%+18.6%+20.9%+21.5%
Depreciation31.2529.7534.6235.2631.4026.8324.80
Interest9.552.772.121.341.461.591.78
Profit before tax33.7934.5511870.9888.2182.9576.58
Tax8.819.3530.4513.2932.9128.9420.13
Net profit24.9825.2187.7557.6555.3954.3556.40
Net profit margin+3.3%+3.5%+11.1%+8.0%+8.8%+10.8%+12.0%
EPS (β‚Ή)1.691.705.953.973.843.793.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital148148147145144142141
Reserves & surplus218216234179168169135
Shareholders' funds (net worth)365364381325312311276
Secured loans4811100.000.000.000.000.00
Unsecured loans32.780.860.020.030.210.280.35
Total debt5141110.020.030.210.280.35
Total liabilities892484391337328324289
Assets
Gross block653378372351336293276
Net block406163171182197182188
Capital work in progress15.1721638.857.225.3812.568.89
Investments2.592.362.150.060.060.010.00
Inventories11711513811512774.9764.89
Sundry debtors37.1717.9632.1121.6613.3610.729.82
Cash & bank balances4.4849.9413.8410883.2912474.39
Loans & advances43011094.8712.508.7110.195.77
Total current assets588293279257232220155
Total current liabilities16421314212512110491.07
Net working capital42480.6013613311111663.80
Total assets892484391337328324289
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash48.7812.9312.3912.8551.4174.3635.99
Net cash from operating activities(411)13595.5785.9657.3194.9694.11
Net cash from investing activities(7.81)(164)(60.97)(36.66)(39.88)(96.73)(13.67)
Net cash from financing activities37365.15(34.06)(49.76)(55.98)(21.18)(42.07)
Net change in cash(45.42)35.850.54(0.46)(38.56)(22.95)38.37
Closing cash4.4849.9413.8410883.2912474.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+3.3%-8.4%+9.2%+15.2%+25.2%+7.0%-
EBITDA growth+23.3%-60.7%+44.8%-14.1%+11.5%+4.1%-
PBT growth-2.2%-70.8%+66.5%-19.5%+6.3%+8.3%+2213.6%
Net income growth-0.9%-71.3%+52.2%+4.1%+1.9%-3.6%-
Revenue CAGR (3Y)+1.1%+4.8%+16.3%+15.6%+13.0%+6.8%+14.3%
EBITDA CAGR (3Y)-11.1%-21.2%+11.5%-0.1%+64.1%+30.0%+136.1%
Profitability & leverage
Net income margin+3.3%+3.5%+11.1%+8.0%+8.8%+10.7%+12.0%
Return on capital employed+6.3%+8.5%+33.1%+21.8%+27.5%+27.6%+27.6%
Return on net worth+6.9%+6.8%+24.9%+18.1%+17.7%+18.4%+22.3%
Debt / equity0.860.150.000.000.000.000.08
Long-term debt / equity0.760.130.000.000.000.000.00
Interest cover24.3110.081.912.051.702.032.34
Efficiency & per share
Fixed asset turnover1.451.932.192.112.001.771.76
Inventory turnover6.465.736.255.996.247.197.65
Debtors turnover27.1828.9729.4541.4052.2748.9639.94
EPS (β‚Ή)1.691.705.953.973.843.793.99
Dividend per share (β‚Ή)1.001.503.004.003.502.501.50
Book value per share (β‚Ή)24.7124.6025.8622.3621.6821.8619.55

Timeline of Digvijay Cement

6 dated milestones of Digvijay Cement across 27 years, from founding to its latest funding, stage changes and deals.

  1. Exit Acquired by Grasim.
  2. Founded Digvijay Cement is founded.
  3. Exit Acquired by Votorantim Cimentos.
  4. Exit Acquired by True North.
  5. IPO Lists on the stock exchange (IPO).
  6. Exit Acquired by India Resurgence Fund.

Competitors of Digvijay Cement

Digvijay Cement has 3 listed competitors in our database, 1 of them funded. They include Sagar Cements, Dalmia Bharat and JSW Cement.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
sagarcements.in1985Hyderabad, India815
Cement production is managed by Sagar Cements in India.
dalmiabharat.com1939Delhi, India39
Cement and sugar are produced by Dalmia Bharat.
jswcement.in2009Mumbai, India$193.28M1,296
Cement, aggregates, additives, and ready-mix concrete are manufactured.
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Detailed competitors of Digvijay Cement

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Web traffic of Digvijay Cement

The website of Digvijay Cement (digvijaycement.com) receives about 7.9K visits a month.

  • Monthly visits
    7.9K

    ▲ 20.7% vs previous month

Similar websites

Websites whose visitors overlap most with Digvijay Cement. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
sagarcements.in
100%
18.7K#1,337,959View details
ashapura.com
93%
15.5K#1,654,194View details

Top companies in Building Materials

3 companies that operate in the same segment as Digvijay Cement (Building Materials) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Manufacturer of cement, gypsum plaster, tile adhesives, and wood finishing products
1975Kanpur, Uttar Pradesh, IndiaUSD 1.44 B11,790
Industrial and decorative paints are manufactured along with related solutions.
1942Mumbai, Maharashtra, IndiaUSD 3.79 B33,600
Specializes in designing and manufacturing aesthetically pleasing bathroom solutions
1960Gurugram, Haryana, India
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Frequently Asked Questions about Digvijay Cement

Digvijay Cement was founded in 2005.

Digvijay Cement is headquartered in Jamnagar, India. It is registered at Jamnagar, Gujarat, India.

Rajeev Nambiar is the CEO of Digvijay Cement, as recorded in our data.

Digvijay Cement has 700 employees.

The primary company behind Digvijay Cement, Shree Digvijay Cement Co Limited, reported revenue of β‚Ή753 Cr for FY 2026, up 3% year on year.

Digvijay Cement was established in 2005 in Jamnagar, India, as a provider of cement products to the construction sector. Manufacturing operations are centered in Jamnagar, where raw materials are processed into various cement grades for infrastructure and building projects. The company focuses on standard cement supply without additional services noted. Leadership is provided by Rajeev Nambiar as CEO and Managing Director, overseeing regional distribution in India.

Digvijay Cement's top competitors include Sagar Cements, JSW Cement and Dalmia Bharat.

Yes, Digvijay Cement is publicly traded on NSE under the ticker symbol SHREDIGCEM.

Digvijay Cement has 4 investors. Key investors include Grasim, India Resurgence Fund, Votorantim Cimentos, and True North.

Digvijay Cement is associated with 2 legal entities: Shree Digvijay Cement Co Limited, Sdccl Logistics Limited.

Yes. Digvijay Cement was acquired by True North in November 2018.

The legal entities of Digvijay Cement currently have 9 directors, including Vikas Kumar, Suresh Kumar Meher, Krishna Kumar Ramanujan and others.

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