Shiva Cement

Rourkela, India Founded: 1985 • Age: 41 yrs Listed Acquired By JSW Cement
Cement products have been manufactured by Shiva Cement since 1985.
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About Shiva Cement

Shiva Cement is a publicly listed company based in Rourkela (India) founded in 1985 by R P Gupta, and was acquired by JSW Cement in June 2017. Cement products have been manufactured by Shiva Cement since 1985. The company has 220 employees. Its Indian entity Shiva Cement Ltd reported revenue of ₹441 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

Shiva Cement was founded in 1985 by R P Gupta in Rourkela, India. Operations are focused on the production of cement products within the building materials sector. Manufacturing activities are conducted primarily in the eastern region of India, serving construction and infrastructure needs. The company maintains a presence in the domestic market, with processes centered on clinker grinding and packaging for distribution.

  • Headquarters Rourkela, India
  • Employees 220
  • Founders R P Gupta
  • Stage Public
  • Sectors
    Real Estate & Construction
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website shivacement.com
  • Social X Instagram
  • Acquired by JSW Cement (Jun 2017)
  • Legal Name Shiva Cement Ltd
Operational Areas
Real Estate & Construction → Building Materials
Key Metrics
  • Market Cap
    ₹384 Cr

    SHIVACEM · NSE

  • Share Price
    ₹13.00

    -0.23% today

  • Revenue
    ₹435 Cr

    FY 2025-26 · +39.9% YoY

  • EBITDA
    ₹11.67 Cr

    Margin 2.7%

  • Net Profit
    −₹124 Cr

    FY 2025-26 · +10.0% YoY

  • Debt / Equity
    12.97

    Interest cover -435.6x

  • Investors
    JSW Cement
  • Employee Count
    220
  • Acquired by
    JSW Cement

    (Jun 2017)

Investors in Shiva Cement

Shiva Cement has secured backing from 1 investor. Prominent investors backing the company include JSW Cement.

All
InvestorDescriptionFounded YearDomainLocation
JSW Cement
Cement, aggregates, additives, and ready-mix concrete are manufactured.
2009jswcement.inMumbai, India
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Investor details for Shiva Cement

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Board of directors of Shiva Cement Ltd (Shiva Cement)

Shiva Cement Ltd is the primary company behind Shiva Cement. The board of Shiva Cement Ltd currently have 7 directors; the longest-serving is Narinder Singh Kahlon, appointed in 2017. 22 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Narinder Singh Kahlon
DIN 03578016
Director28 Feb 20179 yrs 8 moShiva Cement Ltd
Manoj Kumar Rustagi
DIN 07742914
Whole-time director28 Feb 20179 yrs 8 moShiva Cement Ltd
Girish Unnikrishnan Menon
DIN 09387815
CFO26 Jun 20179 yrs 4 moShiva Cement Ltd
Sudeshna Banerjee
DIN 01920464
Director23 Apr 20197 yrs 6 moShiva Cement Ltd
Jagdish Chandra Toshniwal
DIN 01539889
Director21 Apr 20224 yrs 6 moShiva Cement Ltd
Sanjay Sharma
DIN 02692742
Director21 Oct 20224 yrsShiva Cement Ltd
Shouvik Chakraborty
DIN 10406430
Director21 Dec 20232 yrs 10 moShiva Cement Ltd

People of Shiva Cement

1 people are tracked at Shiva Cement (1 in leadership); the tracked headcount is 220.

NameRoleGroup
R P Gupta
FounderLeadership
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IPO & Listings of Shiva Cement

Shiva Cement is a publicly listed company on the BSE with ticker symbol SHIVACEM 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 date05 Feb 2000
  • Listed onBSE: 532323
  • Listed entityShiva Cement Ltd
  • Exchange sectorNon-energy minerals
  • ISININE555C01029
  • Share price₹18.53 (-3.49% on the day) · 2026-05-11
  • Market capitalisation₹570 Cr
  • EPS (diluted, trailing year)₹-4.25
  • Volume (last session)109,086
  • Analyst consensusNo rating

Financials of Shiva Cement

Exchange-reported figures of Shiva Cement Ltd, the listed company behind Shiva Cement (NSE: SHIVACEM).

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹435 Cr
+39.8% YoY
EBITDA
₹11.67 Cr
+202.7% YoY
Profit After Tax
−₹124 Cr
+9.9% YoY
Net Worth
₹54.91 Cr
-68.4% YoY
Total Assets
₹1,696 Cr
+10.3% YoY
Total Debt
₹1,619 Cr
+20.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4353113470.013.4728.4532.39
Revenue growth+39.9%-10.3%--99.7%-87.8%-12.2%-
EBITDA11.67(11.36)38.99(40.29)(22.47)(10.82)(8.38)
EBITDA margin+2.7%-3.7%+11.2%--647.6%-38.0%-25.9%
Profit before tax(156)(162)(91.63)(109)(34.52)(29.50)(30.64)
Net profit(124)(137)(68.37)(53.31)(12.11)(20.59)(21.36)
Net profit margin-28.4%-44.1%-19.7%--349.0%-72.4%-66.0%
EPS (₹)(4.26)(4.83)(3.50)(4.13)(1.31)(1.13)(1.17)
Balance sheet
Total assets1,6961,5381,2891,222769235167
Net worth54.91174(82.66)(19.78)(42.72)82.736.22
Total debt1,6191,3451,3591,231802147155
Cash & bank1.763.349.882.6813.317.971.12
Net working capital(77.27)(34.09)(114)27.91(27.75)(36.83)(26.82)
Cash flow
Cash from operations84.94(56.50)253(110)(113)(4.46)(11.16)
Cash from investing(232)(210)(254)(342)(362)(75.13)(6.33)
Cash from financing1462618.1844847986.4417.44
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue11315112112682.1110610657.69
Revenue growth (YoY)+37.3%+43.4%+14.1%+118.6%+62.5%+9.3%--
Other income1.001.061.291.591.311.241.273.22
Total expenses95.3913311112778.1010811066.03
EBITDA17.3118.6510.57(0.93)4.01(1.98)(3.35)(8.34)
EBITDA margin+15.4%+12.3%+8.7%-0.7%+4.9%-1.9%-3.2%-14.5%
Depreciation11.4111.2210.8010.6910.399.889.969.50
Interest35.3334.9634.7234.5931.4330.3029.8130.94
Profit before tax(28.43)(26.47)(33.66)(44.62)(36.50)(40.92)(41.85)(45.56)
Tax(5.58)(5.11)(5.03)(10.73)(3.77)(10.64)11.37(11.55)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 13 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue11315112112682.1110610657.69
Revenue growth (YoY)+37.3%+43.4%+14.1%+118.6%+62.5%+9.3%--
Other income1.001.061.291.591.311.241.273.22
Total expenses95.3913311112778.1010811066.03
EBITDA17.3118.6510.57(0.93)4.01(1.98)(3.35)(8.34)
EBITDA margin+15.4%+12.3%+8.7%-0.7%+4.9%-1.9%-3.2%-14.5%
Depreciation11.4111.2210.8010.6910.399.889.969.50
Interest35.3334.9634.7234.5931.4330.3029.8130.94
Profit before tax(28.43)(26.47)(33.66)(44.62)(36.50)(40.92)(41.85)(45.56)
Tax(5.58)(5.11)(5.03)(10.73)(3.77)(10.64)11.37(11.55)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4353113470.013.4728.4532.39
Revenue growth+39.9%-10.3%--99.7%-87.8%-12.2%-
Other income5.426.742.363.473.804.100.15
Total expenses42432330840.3025.9439.2740.77
Employee cost27.6027.3216.502.742.753.964.15
EBITDA11.67(11.36)38.99(40.29)(22.47)(10.82)(8.38)
EBITDA margin+2.7%-3.7%+11.2%--647.6%-38.0%-25.9%
Depreciation41.7542.0731.4958.997.067.827.87
Interest13111510112.858.7914.9614.54
Profit before tax(156)(162)(91.63)(109)(34.52)(29.50)(30.64)
Tax(30.17)(19.62)(23.31)(28.18)(9.00)(7.51)(7.81)
Net profit(124)(137)(68.37)(53.31)(12.11)(20.59)(21.36)
Net profit margin-28.4%-44.1%-19.7%--349.0%-72.4%-66.0%
EPS (₹)(4.26)(4.83)(3.50)(4.13)(1.31)(1.13)(1.17)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital18117414814239.0013939.00
Reserves & surplus(126)(0.48)(231)(162)(81.72)(56.27)(32.78)
Shareholders' funds (net worth)54.91174(82.66)(19.78)(42.72)82.736.22
Secured loans8127036616093084.755.83
Unsecured loans806641698621494142149
Total debt1,6191,3451,3591,231802147155
Total liabilities1,6961,5381,2891,222769235167
Assets
Gross block1,3281,2061,154123151165164
Net block1,2061,1261,03435.44112128135
Capital work in progress34.7311313890546431.155.52
Investments0.000.000.000.000.000.000.00
Inventories77.0364.6544.6132.2811.3411.9011.92
Sundry debtors0.000.580.007.990.031.881.46
Cash & bank balances1.763.349.882.6813.317.971.12
Loans & advances63.3261.1283.8915476.688.103.10
Total current assets14213013819710129.8517.60
Total current liabilities21916425216912966.6844.42
Net working capital(77.27)(34.09)(114)27.91(27.75)(36.83)(26.82)
Total assets1,6961,5381,2891,222769235167
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash2.978.080.914.340.721.121.18
Net cash from operating activities84.94(56.50)253(110)(113)(4.46)(11.16)
Net cash from investing activities(232)(210)(254)(342)(362)(75.13)(6.33)
Net cash from financing activities1462618.1844847986.4417.44
Net change in cash(1.21)(5.12)7.18(3.44)3.626.85(0.06)
Closing cash1.763.349.882.6813.317.971.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+39.9%-10.3%--99.7%-87.8%-12.2%-
EBITDA growth+202.7%-129.1%+196.8%-79.3%-107.7%-29.1%-
PBT growth+3.9%-76.9%+15.7%-214.8%-17.0%+3.7%-5.5%
Net income growth+10.0%-100.9%-28.3%-340.2%+41.2%+3.6%-
Revenue CAGR (3Y)+3417.4%+347.6%+130.2%-93.2%-50.9%+4.0%+13.8%
EBITDA CAGR (3Y)--20.3%-+68.8%+48.1%-16.3%-20.6%
Profitability & leverage
Net income margin-28.9%-45.8%-19.7%--735.5%-77.3%-70.5%
Return on capital employed0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Return on net worth0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Debt / equity12.9729.750.000.0023.703.398.19
Long-term debt / equity11.4428.700.000.0023.581.780.87
Interest cover-435.64-215.981,353.20-12.94-29.77-80.26-89.48
Efficiency & per share
Fixed asset turnover0.340.260.540.000.020.170.20
Inventory turnover6.145.709.020.000.302.392.99
Debtors turnover1,500.591,073.0086.810.003.6317.0414.69
EPS (₹)(4.26)(4.83)(3.50)(4.13)(1.31)(1.13)(1.17)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(2.26)1.98(9.83)(6.32)(2.19)(0.89)0.32

Timeline of Shiva Cement

3 dated milestones of Shiva Cement across 32 years, from founding to its latest funding, stage changes and deals.

  1. Founded Shiva Cement is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Exit Acquired by JSW Cement.

Competitors of Shiva Cement

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

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Web traffic of Shiva Cement

The website of Shiva Cement (shivacement.com) receives about 2.7K visits a month.

  • Monthly visits
    2.7K

    ▲ 59.9% vs previous month

Similar websites

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

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Mangalam Cement
mangalamcement.com
100%
3.4K#5,216,787View details
cement.industry-focus.net
cement.industry-focus.net
99%
–
ACC Limited
acclimited.com
95%
4KView details

Top companies in Building Materials

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

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
JK Cement
Manufacturer of cement, gypsum plaster, tile adhesives, and wood finishing products
1975Kanpur, Uttar Pradesh, IndiaUSD 1.44 B9,047
Asian Paints
Industrial and decorative paints are manufactured along with related solutions.
1942Mumbai, Maharashtra, IndiaUSD 3.87 B10
Jaquar
Specializes in designing and manufacturing aesthetically pleasing bathroom solutions
1960Gurugram, Haryana, India
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Related news about Shiva Cement

20 stocks to hog the limelight in Wednesday’s trade, including Tata Steel, Time Technoplast, Shiva Cement/JSW Cement, KPI Energy, Exide Industries, Ganesh Benzoplast, and Power Mech Projects - The HinduBusinessLine
Thehindubusinessline • 1 month ago
Shiva Cement to merge with JSW Cement; board approves 5:41 swap ratio - The Economic Times
Economic Times • 1 month ago
JSW Cement to merge its listed subsidiary Shiva Cement with itself | Company News - Business Standard
Business Standard • 1 month ago
JSW Cement announces merger with its listed subsidiary Shiva Cement | Markets News - Business Standard
Business Standard • 1 month ago
JSW Cement to merge its listed arm Shiva Cement with itself; board approves 5:41 swap ratio - The HinduBusinessLine
Thehindubusinessline • 1 month ago
Shiva Cement to merge with parent JSW Cement
The Hindu • 1 month ago
JSW Cement to issue 5 shares for every 41 Shiva Cement shares in merger - CNBC TV18
CNBCTV18 • 1 month ago
Shiva Cement reports standalone net loss of Rs 21.35 crore in the June 2026 quarter | Capital Market News - Business Standard
Business Standard • 3 months ago
Shiva Cement March-Quarter Net Loss 286.3 Million Rupees
Reuters • 6 months ago
Shiva Cement Re-Appoints Manoj Kumar Rustagi As CEO
Reuters • 7 months ago
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Frequently Asked Questions about Shiva Cement

Shiva Cement was founded in 1985.

Shiva Cement is headquartered in Rourkela, India. It is registered at Rourkela, Odisha, India.

Shiva Cement has 220 employees.

The primary company behind Shiva Cement, Shiva Cement Ltd, reported revenue of ₹441 Cr for FY 2026, up 40% year on year.

Shiva Cement was founded in 1985 by R P Gupta in Rourkela, India. Operations are focused on the production of cement products within the building materials sector. Manufacturing activities are conducted primarily in the eastern region of India, serving construction and infrastructure needs. The company maintains a presence in the domestic market, with processes centered on clinker grinding and packaging for distribution.

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

Yes, Shiva Cement is publicly traded on BSE under the ticker symbol SHIVACEM.

Shiva Cement has 1 investor. Key investors include JSW Cement.

Shiva Cement operates through Shiva Cement Ltd.

Yes. Shiva Cement was acquired by JSW Cement in June 2017.

The legal entities of Shiva Cement currently have 8 directors, including Narinder Singh Kahlon, Jagdish Chandra Toshniwal, Manoj Kumar Rustagi and others.

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