India's Richest People 2026 edition · 1 director · Source: Hurun India
- #361 Jay Mehta & Family ₹10,300 Cr
Market Cap
₹525 Cr
SAURASHCEM · NSE
Share Price
₹45.84
-2.88% today
Revenue
₹1,666 Cr
FY 2025-26 · +8.4% YoY
EBITDA
₹42.37 Cr
Margin 2.5%
Net Profit
₹21.83 Cr
FY 2025-26 · +572.5% YoY
P/E (TTM)
32.7x
P/B 0.6x
ROE
2.3%
ROCE 2.4%
Debt / Equity
0.13
Interest cover -546.8x
About Saurashtra Cement Limited
Data last updated:
Saurashtra Cement Limited is a public limited company based in Ranavav, Gujarat, India. It operates in the cement and cement products segment of the manufacturing sector. It was incorporated on 11 June 1956 and has been in existence for over 70 years.
Its director Jay Mehta and Family is #361 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L26941GJ1956PLC000840. Its GSTIN is 24AAHFS5211J1ZB (Gujarat). The company holds 30 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 502175 and NSE: SAURASHCEM.
The company has an authorised share capital of ₹772.7 Cr and a paid-up capital of ₹111.29 Cr. It was formerly known as Saurashtra Cement & Chemical Industries Ltd. It is led by directors including Mohinderpal Singh Gilotra (Managing Director) and Jay Mahendra Mehta.
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Near Railway Station, Ranavav, Gujarat, India – 360550.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,666.04 Cr, a growth of 8.4% compared to the previous year. For the same year it recorded a net profit of ₹21.83 Cr (net margin 1.3%) and EBITDA of ₹42.37 Cr (EBITDA margin 2.5%). The net worth stands at ₹961.64 Cr (up 1.5% YoY). Total assets are valued at ₹1,097.12 Cr (down 1.3% YoY).
The company has about 344 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Saurashtra Cement and Mehta Group. As per MCA filings, the company has open charges of ₹540.02 Cr and satisfied charges of ₹1,354.21 Cr on record. Court records list 560 cases involving the company, including 419 filed by the company and 141 filed against it; 180 cases are pending. The company has 14 deals on record (13 market trades, 1 funding round), with disclosed funding of ₹93.12 Cr; the latest was in October 2018. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 118 overdue payments to 37 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hathi-sidheecements.com.
Company details
CIN L26941GJ1956PLC000840
Registration Number 000840
Incorporation Date 11 June 1956
ROC Ahmedabad
Listing Status Listed - Listed on NSE (SAURASHCEM); Listed on BSE (502175)
Company Status Active
Date of Last AGM 29 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Saurashtra Cement has one previous CIN (Corporate Identification Number): U26941GJ1956PLC000840. The current CIN is L26941GJ1956PLC000840, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L26941GJ1956PLC000840 | Current |
| U26941GJ1956PLC000840 | Previous |
Key People
Mohinderpal Singh Gilotra Managing Director Jay Mahendra Mehta Director Ashwani Kumar Director Recognitions & Rankings of Saurashtra Cement
Contact details
Saurashtra Cement Limited's registered office is in Ranavav, Gujarat. Its website is hathi-sidheecements.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNear Railway Station, Ranavav, Gujarat, India – 360550
- IndustryManufacturing, Cement & Cement Products
To see the full contact details of Saurashtra Cement Limited, buy the company report.
Comprehensive company report
Saurashtra Cement Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Saurashtra Cement operates two associated brands: Saurashtra Cement and Mehta Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cement and building materials are manufactured and supplied in India. | hathi-sidheecements.com | |
| Cement and building materials are manufactured for construction needs. | mehtagroup.com |
Business activity
The main business activity of Saurashtra Cement is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Saurashtra Cement Limited, buy the company report.
Financials of Saurashtra Cement Limited
FY 2025-26 filings availableSaurashtra Cement Limited reported revenue of ₹1,666.04 Cr (up 8.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹1,666 Cr
+8.4% YoY
EBITDA
₹42.37 Cr
-3.3% YoY
Profit After Tax
₹21.83 Cr
+572.5% YoY
Net Worth
₹962 Cr
+1.5% YoY
Total Assets
₹1,097 Cr
-1.3% YoY
Total Debt
₹107 Cr
-21.2% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,666 | 1,538 | 1,765 | 1,645 | 1,451 | 674 | 608 |
| Revenue growth | +8.4% | -12.9% | +7.3% | +13.4% | +115.4% | +10.8% | - |
| EBITDA | 42.37 | 43.80 | 110 | 5.93 | 63.80 | 115 | 93.29 |
| EBITDA margin | +2.5% | +2.9% | +6.2% | +0.4% | +4.4% | +17.0% | +15.3% |
| Profit before tax | 6.57 | 14.08 | 89.86 | (29.14) | 37.46 | 102 | 77.34 |
| Net profit | 21.83 | (4.62) | 69.58 | (21.43) | 22.70 | 72.37 | 68.55 |
| Net profit margin | +1.3% | -0.3% | +3.9% | -1.3% | +1.6% | +10.7% | +11.3% |
| EPS (₹) | 1.30 | 0.63 | 5.10 | (1.99) | 2.09 | 10.35 | 8.13 |
| Balance sheet | |||||||
| Total assets | 1,097 | 1,112 | 1,040 | 967 | 1,029 | 558 | 494 |
| Net worth | 962 | 947 | 928 | 882 | 904 | 523 | 451 |
| Total debt | 107 | 136 | 85.03 | 65.95 | 104 | 22.05 | 30.63 |
| Cash & bank | 224 | 236 | 249 | 77.08 | 209 | 188 | 102 |
| Net working capital | 167 | 186 | 177 | 33.78 | 186 | 136 | 80.83 |
| Cash flow | |||||||
| Cash from operations | 36.45 | 30.23 | 155 | 21.45 | (8.17) | 134 | 62.59 |
| Cash from investing | 18.76 | (5.25) | (157) | 32.45 | (29.86) | (121) | (38.38) |
| Cash from financing | (36.90) | 26.79 | 2.65 | (49.12) | 31.09 | (17.17) | (23.43) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 457 | 447 | 410 | 386 | 424 | 478 | 378 | 296 |
| Revenue growth (YoY) | +7.8% | -6.6% | +8.7% | +30.2% | +9.8% | - | - | - |
| Other income | 5.26 | 4.12 | 4.63 | 4.77 | 5.09 | 13.37 | 3.27 | 4.38 |
| EBITDA | 20.72 | 22.91 | (5.61) | (9.72) | 34.81 | 52.73 | 7.79 | (39.83) |
| EBITDA margin | +4.5% | +5.1% | -1.4% | -2.5% | +8.2% | +11.0% | +2.1% | -13.4% |
| Depreciation | 11.07 | 12.12 | 11.00 | 10.42 | 10.68 | 11.10 | 10.55 | 10.34 |
| Interest | 2.95 | 2.17 | 3.22 | 2.16 | 2.62 | 2.14 | 3.79 | 4.46 |
| Profit before tax | 11.96 | 12.74 | (15.20) | (17.53) | 26.60 | 52.86 | (3.28) | (50.25) |
| Tax | 2.83 | (6.09) | (4.92) | (6.56) | 9.74 | 19.95 | 1.08 | (18.82) |
| Net profit | 9.13 | 18.83 | (10.28) | (10.97) | 16.86 | 32.91 | (4.36) | (31.43) |
| EPS (₹) | 0.82 | 1.69 | (0.92) | (0.99) | 1.51 | 2.96 | (0.39) | (2.83) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,666 | 1,538 | 1,765 | 1,645 | 1,451 | 674 | 608 |
| Revenue growth | +8.4% | -12.9% | +7.3% | +13.4% | +115.4% | +10.8% | - |
| EBITDA | 42.20 | 43.60 | 109 | 5.71 | 62.12 | 115 | 93.39 |
| EBITDA margin | +2.5% | +2.8% | +6.2% | +0.4% | +4.3% | +17.0% | +15.4% |
| Profit before tax | 6.53 | 14.02 | 90.33 | (29.37) | 35.78 | 103 | 77.44 |
| Net profit | 21.89 | (4.60) | 70.13 | (21.60) | 21.92 | 72.47 | 68.66 |
| Net profit margin | +1.3% | -0.3% | +4.0% | -1.3% | +1.5% | +10.8% | +11.3% |
| EPS (₹) | 1.30 | 0.63 | 5.15 | (3.91) | 3.79 | 10.37 | 8.14 |
| Balance sheet | |||||||
| Total assets | 1,097 | 1,112 | 1,040 | 967 | 1,029 | 559 | 496 |
| Net worth | 962 | 947 | 928 | 882 | 904 | 524 | 452 |
| Total debt | 107 | 136 | 85.03 | 65.95 | 104 | 22.05 | 30.63 |
| Cash & bank | 223 | 235 | 249 | 76.82 | 209 | 188 | 102 |
| Net working capital | 167 | 185 | 177 | 33.51 | 185 | 136 | 80.94 |
| Cash flow | |||||||
| Cash from operations | 36.31 | 30.10 | 155 | 21.26 | (8.41) | 134 | 62.55 |
| Cash from investing | 19.06 | (5.27) | (157) | 32.45 | (29.68) | (121) | (38.28) |
| Cash from financing | (36.90) | 26.79 | 2.65 | (49.12) | 31.09 | (17.17) | (23.43) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 457 | 447 | 410 | 386 | 424 | 478 | 378 | 296 |
| Revenue growth (YoY) | +7.8% | -6.6% | +8.7% | +30.2% | +9.8% | - | - | - |
| Other income | 5.26 | 4.26 | 4.62 | 4.76 | 5.08 | 13.53 | 3.26 | 4.38 |
| Total expenses | 436 | 424 | 416 | 395 | 389 | 425 | 370 | 336 |
| EBITDA | 20.80 | 22.95 | (5.69) | (9.79) | 34.73 | 52.78 | 7.71 | (39.91) |
| EBITDA margin | +4.6% | +5.1% | -1.4% | -2.5% | +8.2% | +11.0% | +2.0% | -13.5% |
| Depreciation | 11.07 | 12.12 | 11.00 | 10.42 | 10.68 | 11.10 | 10.55 | 10.34 |
| Interest | 2.95 | 2.17 | 3.22 | 2.16 | 2.62 | 2.14 | 3.79 | 4.46 |
| Profit before tax | 12.04 | 12.92 | (15.29) | (17.61) | 26.51 | 53.07 | (3.37) | (50.33) |
| Tax | 2.83 | (6.08) | (4.94) | (6.58) | 9.72 | 19.96 | 1.06 | (18.84) |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 457 | 447 | 410 | 386 | 424 | 478 | 378 | 296 |
| Revenue growth (YoY) | +7.8% | -6.6% | +8.7% | +30.2% | +9.8% | - | - | - |
| Other income | 5.26 | 4.12 | 4.63 | 4.77 | 5.09 | 13.37 | 3.27 | 4.38 |
| EBITDA | 20.72 | 22.91 | (5.61) | (9.72) | 34.81 | 52.73 | 7.79 | (39.83) |
| EBITDA margin | +4.5% | +5.1% | -1.4% | -2.5% | +8.2% | +11.0% | +2.1% | -13.4% |
| Depreciation | 11.07 | 12.12 | 11.00 | 10.42 | 10.68 | 11.10 | 10.55 | 10.34 |
| Interest | 2.95 | 2.17 | 3.22 | 2.16 | 2.62 | 2.14 | 3.79 | 4.46 |
| Profit before tax | 11.96 | 12.74 | (15.20) | (17.53) | 26.60 | 52.86 | (3.28) | (50.25) |
| Tax | 2.83 | (6.09) | (4.92) | (6.56) | 9.74 | 19.95 | 1.08 | (18.82) |
| Net profit | 9.13 | 18.83 | (10.28) | (10.97) | 16.86 | 32.91 | (4.36) | (31.43) |
| EPS (₹) | 0.82 | 1.69 | (0.92) | (0.99) | 1.51 | 2.96 | (0.39) | (2.83) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,666 | 1,538 | 1,765 | 1,645 | 1,451 | 674 | 608 |
| Revenue growth | +8.4% | -12.9% | +7.3% | +13.4% | +115.4% | +10.8% | - |
| Other income | 18.60 | 26.17 | 35.52 | 13.09 | 16.06 | 12.30 | 8.41 |
| Total expenses | 1,624 | 1,494 | 1,656 | 1,639 | 1,387 | 559 | 515 |
| Employee cost | 119 | 120 | 112 | 97.82 | 93.84 | 45.29 | 45.17 |
| EBITDA | 42.37 | 43.80 | 110 | 5.93 | 63.80 | 115 | 93.29 |
| EBITDA margin | +2.5% | +2.9% | +6.2% | +0.4% | +4.4% | +17.0% | +15.3% |
| Depreciation | 44.23 | 42.28 | 47.09 | 38.87 | 33.17 | 20.04 | 19.68 |
| Interest | 10.17 | 13.61 | 8.09 | 9.29 | 9.23 | 4.37 | 4.68 |
| Profit before tax | 6.57 | 14.08 | 89.86 | (29.14) | 37.46 | 102 | 77.34 |
| Tax | (7.84) | 7.10 | 33.25 | (7.13) | 14.36 | 30.18 | 20.84 |
| Net profit | 21.83 | (4.62) | 69.58 | (21.43) | 22.70 | 72.37 | 68.55 |
| Net profit margin | +1.3% | -0.3% | +3.9% | -1.3% | +1.6% | +10.7% | +11.3% |
| EPS (₹) | 1.30 | 0.63 | 5.10 | (1.99) | 2.09 | 10.35 | 8.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 111 | 111 | 111 | 111 | 111 | 69.82 | 69.52 |
| Reserves & surplus | 850 | 836 | 817 | 771 | 794 | 453 | 381 |
| Shareholders' funds (net worth) | 962 | 947 | 928 | 882 | 904 | 523 | 451 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 106 | 134 | 84.06 | 62.83 | 103 | 20.39 | 27.69 |
| Unsecured loans | 0.73 | 1.21 | 0.97 | 3.12 | 1.30 | 1.66 | 2.94 |
| Total debt | 107 | 136 | 85.03 | 65.95 | 104 | 22.05 | 30.63 |
| Total liabilities | 1,097 | 1,112 | 1,040 | 967 | 1,029 | 558 | 494 |
| Assets | |||||||
| Gross block | 1,639 | 1,626 | 1,536 | 1,475 | 1,437 | 733 | 722 |
| Net block | 908 | 932 | 872 | 831 | 813 | 345 | 351 |
| Capital work in progress | 37.28 | 30.75 | 31.48 | 51.09 | 78.37 | 60.56 | 37.94 |
| Investments | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 | 7.61 | 3.54 |
| Inventories | 248 | 251 | 263 | 180 | 186 | 55.97 | 99.66 |
| Sundry debtors | 101 | 101 | 88.17 | 78.28 | 59.49 | 29.02 | 34.35 |
| Cash & bank balances | 224 | 236 | 249 | 77.08 | 209 | 188 | 102 |
| Loans & advances | 24.96 | 18.55 | 18.09 | 14.99 | 17.02 | 13.46 | 8.63 |
| Total current assets | 597 | 606 | 618 | 351 | 472 | 287 | 245 |
| Total current liabilities | 430 | 421 | 441 | 317 | 286 | 151 | 164 |
| Net working capital | 167 | 186 | 177 | 33.78 | 186 | 136 | 80.83 |
| Total assets | 1,097 | 1,112 | 1,040 | 967 | 1,029 | 558 | 494 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 60.39 | 8.63 | 8.01 | 3.22 | 10.16 | 8.38 | 7.60 |
| Net cash from operating activities | 36.45 | 30.23 | 155 | 21.45 | (8.17) | 134 | 62.59 |
| Net cash from investing activities | 18.76 | (5.25) | (157) | 32.45 | (29.86) | (121) | (38.38) |
| Net cash from financing activities | (36.90) | 26.79 | 2.65 | (49.12) | 31.09 | (17.17) | (23.43) |
| Net change in cash | 18.31 | 51.77 | 0.62 | 4.79 | (6.94) | (4.25) | 0.78 |
| Closing cash | 224 | 236 | 249 | 77.08 | 209 | 188 | 102 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +8.4% | -12.9% | +7.3% | +13.4% | +115.4% | +10.8% | - |
| EBITDA growth | -3.3% | -60.0% | +1746.9% | -90.7% | -44.3% | +22.8% | - |
| PBT growth | -53.3% | -84.3% | +9998.0% | - | -63.4% | +32.5% | +9998.0% |
| Net income growth | +572.5% | -106.6% | +424.7% | -194.4% | -68.6% | +5.6% | - |
| Revenue CAGR (3Y) | +0.4% | +2.0% | +37.9% | +39.3% | +32.6% | +5.5% | +9.0% |
| EBITDA CAGR (3Y) | +92.6% | -11.8% | -1.5% | -60.1% | +138.4% | +31.9% | +47.0% |
| Profitability & leverage | |||||||
| Net income margin | +0.9% | +0.5% | +3.2% | -1.3% | +1.6% | +10.7% | +9.3% |
| Return on capital employed | +2.4% | +1.8% | +11.8% | -2.0% | +5.9% | +20.3% | +20.8% |
| Return on net worth | +2.3% | -0.5% | +7.7% | -2.5% | +3.2% | +14.9% | +16.0% |
| Debt / equity | 0.13 | 0.12 | 0.08 | 0.10 | 0.09 | 0.05 | 0.07 |
| Long-term debt / equity | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest cover | -546.77 | 895.39 | 12.96 | -28.20 | 30.13 | 4.62 | 6.36 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.02 | 0.97 | 1.17 | 1.13 | 1.34 | 0.93 | 0.85 |
| Inventory turnover | 6.68 | 5.98 | 7.97 | 8.98 | 11.99 | 8.66 | 6.83 |
| Debtors turnover | 16.50 | 16.28 | 21.21 | 23.88 | 32.78 | 21.26 | 24.25 |
| EPS (₹) | 1.30 | 0.63 | 5.10 | (1.99) | 2.09 | 10.35 | 8.13 |
| Dividend per share (₹) | 0.00 | 0.00 | 2.00 | 0.00 | 0.00 | 1.75 | 1.75 |
| Book value per share (₹) | 86.41 | 85.17 | 83.59 | 79.67 | 81.78 | 74.88 | 64.85 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 457 | 447 | 410 | 386 | 424 | 478 | 378 | 296 |
| Revenue growth (YoY) | +7.8% | -6.6% | +8.7% | +30.2% | +9.8% | - | - | - |
| Other income | 5.26 | 4.26 | 4.62 | 4.76 | 5.08 | 13.53 | 3.26 | 4.38 |
| Total expenses | 436 | 424 | 416 | 395 | 389 | 425 | 370 | 336 |
| EBITDA | 20.80 | 22.95 | (5.69) | (9.79) | 34.73 | 52.78 | 7.71 | (39.91) |
| EBITDA margin | +4.6% | +5.1% | -1.4% | -2.5% | +8.2% | +11.0% | +2.0% | -13.5% |
| Depreciation | 11.07 | 12.12 | 11.00 | 10.42 | 10.68 | 11.10 | 10.55 | 10.34 |
| Interest | 2.95 | 2.17 | 3.22 | 2.16 | 2.62 | 2.14 | 3.79 | 4.46 |
| Profit before tax | 12.04 | 12.92 | (15.29) | (17.61) | 26.51 | 53.07 | (3.37) | (50.33) |
| Tax | 2.83 | (6.08) | (4.94) | (6.58) | 9.72 | 19.96 | 1.06 | (18.84) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,666 | 1,538 | 1,765 | 1,645 | 1,451 | 674 | 608 |
| Revenue growth | +8.4% | -12.9% | +7.3% | +13.4% | +115.4% | +10.8% | - |
| Other income | 18.73 | 26.31 | 36.16 | 13.08 | 16.06 | 12.30 | 8.41 |
| Total expenses | 1,624 | 1,494 | 1,656 | 1,640 | 1,389 | 559 | 515 |
| Employee cost | 119 | 120 | 112 | 97.82 | 93.84 | 45.29 | 45.17 |
| EBITDA | 42.20 | 43.60 | 109 | 5.71 | 62.12 | 115 | 93.39 |
| EBITDA margin | +2.5% | +2.8% | +6.2% | +0.4% | +4.3% | +17.0% | +15.4% |
| Depreciation | 44.23 | 42.28 | 47.09 | 38.87 | 33.17 | 20.04 | 19.68 |
| Interest | 10.17 | 13.61 | 8.09 | 9.29 | 9.23 | 4.37 | 4.68 |
| Profit before tax | 6.53 | 14.02 | 90.33 | (29.37) | 35.78 | 103 | 77.44 |
| Tax | (7.89) | 7.04 | 33.21 | (7.19) | 14.33 | 30.18 | 20.84 |
| Net profit | 21.89 | (4.60) | 70.13 | (21.60) | 21.92 | 72.47 | 68.66 |
| Net profit margin | +1.3% | -0.3% | +4.0% | -1.3% | +1.5% | +10.8% | +11.3% |
| EPS (₹) | 1.30 | 0.63 | 5.15 | (3.91) | 3.79 | 10.37 | 8.14 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 111 | 111 | 111 | 56.72 | 56.66 | 69.82 | 69.52 |
| Reserves & surplus | 850 | 836 | 817 | 825 | 847 | 454 | 383 |
| Shareholders' funds (net worth) | 962 | 947 | 928 | 882 | 904 | 524 | 452 |
| Secured loans | 106 | 134 | 84.06 | 62.83 | 103 | 20.39 | 27.69 |
| Unsecured loans | 0.73 | 1.21 | 0.97 | 3.12 | 1.30 | 1.66 | 2.94 |
| Total debt | 107 | 136 | 85.03 | 65.95 | 104 | 22.05 | 30.63 |
| Total liabilities | 1,097 | 1,112 | 1,040 | 967 | 1,029 | 559 | 496 |
| Assets | |||||||
| Gross block | 1,636 | 1,624 | 1,536 | 1,474 | 1,436 | 732 | 721 |
| Net block | 908 | 932 | 872 | 831 | 813 | 345 | 351 |
| Capital work in progress | 37.28 | 30.75 | 31.48 | 51.09 | 78.37 | 60.56 | 37.94 |
| Investments | 0.97 | 0.82 | 0.66 | 0.02 | 0.03 | 7.60 | 3.53 |
| Inventories | 248 | 251 | 263 | 180 | 186 | 55.97 | 99.66 |
| Sundry debtors | 101 | 101 | 88.17 | 78.28 | 59.49 | 29.02 | 34.35 |
| Cash & bank balances | 223 | 235 | 249 | 76.82 | 209 | 188 | 102 |
| Loans & advances | 24.95 | 18.52 | 18.09 | 14.98 | 17.02 | 13.79 | 8.84 |
| Total current assets | 597 | 606 | 618 | 350 | 472 | 287 | 245 |
| Total current liabilities | 430 | 421 | 441 | 317 | 286 | 151 | 164 |
| Net working capital | 167 | 185 | 177 | 33.51 | 185 | 136 | 80.94 |
| Total assets | 1,097 | 1,112 | 1,040 | 967 | 1,029 | 559 | 496 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 60.15 | 8.54 | 7.75 | 3.16 | 10.15 | 8.27 | 7.43 |
| Net cash from operating activities | 36.31 | 30.10 | 155 | 21.26 | (8.41) | 134 | 62.55 |
| Net cash from investing activities | 19.06 | (5.27) | (157) | 32.45 | (29.68) | (121) | (38.28) |
| Net cash from financing activities | (36.90) | 26.79 | 2.65 | (49.12) | 31.09 | (17.17) | (23.43) |
| Net change in cash | 18.47 | 51.61 | 0.79 | 4.59 | (7.00) | (4.15) | 0.84 |
| Closing cash | 223 | 235 | 249 | 76.82 | 209 | 188 | 102 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +8.4% | -12.9% | +7.3% | +13.4% | +115.4% | +10.8% | - |
| EBITDA growth | -3.2% | -60.1% | +1815.1% | -90.8% | -45.8% | +22.8% | - |
| PBT growth | -53.4% | -84.5% | +9998.0% | - | -65.1% | +32.4% | +9998.0% |
| Net income growth | +575.9% | -106.6% | +424.7% | -198.5% | -69.8% | +5.6% | - |
| Revenue CAGR (3Y) | +0.4% | +2.0% | +37.9% | +39.3% | +32.6% | +5.5% | +9.0% |
| EBITDA CAGR (3Y) | +94.8% | -11.1% | -1.6% | -60.6% | +134.5% | +31.9% | +46.9% |
| Profitability & leverage | |||||||
| Net income margin | +0.9% | +0.5% | +3.2% | -1.4% | +1.5% | +10.7% | +9.3% |
| Return on capital employed | +2.4% | +1.8% | +11.9% | -2.0% | +5.7% | +20.3% | +20.8% |
| Return on net worth | +2.3% | -0.5% | +7.8% | -2.5% | +3.0% | +14.8% | +15.9% |
| Debt / equity | 0.13 | 0.12 | 0.08 | 0.10 | 0.09 | 0.05 | 0.07 |
| Long-term debt / equity | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest cover | -500.99 | 1,031.06 | 12.99 | -28.02 | 31.88 | 4.62 | 6.35 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.02 | 0.97 | 1.17 | 1.13 | 1.34 | 0.93 | 0.85 |
| Inventory turnover | 6.68 | 5.98 | 7.97 | 8.98 | 11.99 | 8.66 | 6.83 |
| Debtors turnover | 16.50 | 16.28 | 21.21 | 23.88 | 32.78 | 21.26 | 24.25 |
| EPS (₹) | 1.30 | 0.63 | 5.15 | (3.91) | 3.79 | 10.37 | 8.14 |
| Dividend per share (₹) | 0.00 | 0.00 | 2.00 | 0.00 | 0.00 | 1.75 | 1.75 |
| Book value per share (₹) | 86.41 | 85.17 | 83.59 | 155.44 | 159.52 | 75.06 | 65.03 |
To see the full year-wise statements and ratios of Saurashtra Cement Limited, buy the company report.
Board of directors of Saurashtra Cement Limited
Saurashtra Cement has 9 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohinderpal Singh Gilotra | Managing Director | 01 Jan 2009 | 17 Years 9 Months | Current |
| Jay Mahendra Mehta | Director | 15 Oct 2004 | 22 Years 0 Months | Current |
| Ashwani Kumar | Director | 13 Feb 2019 | 7 Years 8 Months | Current |
| Hemang Dhirendra Mehta Also directs: Omna Enterprises LLP, Sonoco Agro-Enterprises Private Limited, Axis Plastics Private Limited and 3 more | Director | 15 Oct 2004 | 22 Years 0 Months | Current |
| Hemnabh Ranvir Khatau Also directs: Agrima Consultants International Limited | Director | 25 Oct 2008 | 18 Years 0 Months | Current |
| Viren Ajitkumar Merchant | Director | 28 May 2024 | 2 Years 5 Months | Current |
Showing 6 of 9 current directors. View all directors
Auditor
Saurashtra Cement Limited is audited by Manubhai & Shah LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Manubhai & Shah LLP | FY 2023 | 106041W/ W100136 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 66.60%, foreign institutional investors hold 0.10%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 33.20%.
Sep 2026
QUARTER
66.60% Promoters
0.10% DII (Domestic Institutional)
0.10% FII (Foreign Institutional)
33.20% Retail & Others
Promoter holding - history
Now 66.60% · Sep 2026High 66.70% · Dec 2025Low 66.60% · Jun 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 66.60% | 66.60% | 66.70% | 66.70% |
| Public | 33.40% | 33.40% | 33.30% | 33.30% |
Charges & borrowings
Open charges
₹540.02 Cr
Satisfied charges
₹1,354.21 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2026 | 101268116 | Hdfc Bank Limited | ₹15.93 Lakh | Open | |
| 13 Jan 2026 | 101219637 | Others | ₹9 Lakh | Open | |
| 26 Dec 2025 | 101216115 | Hdfc Bank Limited | ₹1.26 Cr | Open | |
| 27 Nov 2025 | 101194584 | Others | ₹90 Cr | Open | |
| 14 Nov 2025 | 101190382 | Hdfc Bank Limited | ₹33.4 Lakh | Open |
To see the full charge records of Saurashtra Cement Limited, buy the company report.
Total charge records: 154 View all charges
Deals & funding
Saurashtra Cement Limited has 14 deals on record (13 market trades, 1 funding round), with disclosed funding of ₹93.12 Cr; the latest was in October 2018.
Total deals
14
Market trades
13
Funding round
1
Disclosed funding
₹93.12 Cr
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2018 | Market trade | ₹5.68 Cr | Buyer: Indianivesh Capitals Limited Seller: an individual |
| Oct 2017 | Market trade | ₹7.81 Cr | Buyer: The Arj Investment Limited Seller: Villa Trading Company Private Limited |
| Mar 2016 | Market trade | ₹27.51 Cr | Buyer: Villa Trading Company Private Limited Seller: Clarence Investments Limited |
| Mar 2016 | Market trade | ₹6.88 Cr | Buyer: KL Enterprises LLP Seller: Rajesh Nuwal (Huf) |
| Jul 2015 | Market trade | ₹17.07 Cr | Buyer: Abhinandan Leasing and Finance Private Limited Seller: Mauritius Debt Management Limited, SKS Capital & Research Private Limited |
To see the full deal history of Saurashtra Cement Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Saurashtra Cement Limited has 560 court cases on record: 419 filed by Saurashtra Cement, 141 filed against it. 180 cases are pending and 380 are disposed.
Total cases
560
Filed by the company
419
Filed against the company
141
Pending
180
Disposed
380
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 367 | 86 | 138 |
| District courts | 174 | 48 | 41 |
| Supreme Court | 16 | 7 | 1 |
| NCLT | 3 | 0 | 0 |
Cases on record (5 of 560)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed by the company against Rainbow Corporation Ltd and Anothr Two and 1 other | Pending |
| District court, Porbandar, Gujarat | Commercial matter | Filed by the company against M/S Midland Concrete Pvt. Ltd. and 4 others | Pending |
| High Court of Rajasthan | Writ petition | Filed by the company against Snowcem Paints Private Limited and 1 other | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against Fairmate Chemicals Pvt Ltd. | Pending |
| District court, Porbandar, Gujarat | Court case (CR A) | Filed by the company against Jupiter Cement Industries Ltd. and 5 others | Pending |
To see the full case history of Saurashtra Cement Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Saurashtra Cement Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 118 overdue payments to 37 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 37)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Sai Solutions |
To see the full MSME payment records of Saurashtra Cement Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Saurashtra Cement has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Agrima Consultants International Limited | U74210MH1988PLC047543 |
To see the full group structure of Saurashtra Cement Limited, buy the company report.
Employees & EPFO
Saurashtra Cement Limited has a workforce of 344 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
344
Active EPFO establishments
1
Employee growth
-2.82%
GST
Saurashtra Cement has 30 GST registrations: 30 active. The first 4 active GSTINs are listed below.
Total GSTINs
30
Active
30
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHFS5211J1ZB | Gujarat | Active | 01 Jul 2017 |
| 24AAHFS5211J2ZA | Gujarat | Active | 20 Jun 2021 |
| 24ABICS4135J1Z9 | Gujarat | Active | 23 Jun 2022 |
| 24ABICS4135J2Z8 | Gujarat | Active | 10 Mar 2023 |
To see the full GST registrations and return filing status of Saurashtra Cement Limited, buy the company report.
Recent activity
Saurashtra Cement Limited has 66 board changes on record since 2004: 39 appointments and 27 cessations. The latest: Prakash Chand Jain was appointed as CFO on 18 Sep 2025.
Filing
Saurashtra Cement Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.16 Cr with Charge ID 101268116 was registered on 25 Mar 2026.
Charges
A charge registered on 29 Dec 2021 via Charge ID 100521535 with Hdfc Bank Limited was fully satisfied on 30 Jan 2026.
Charges
A charge registered on 29 Dec 2021 via Charge ID 100521540 with Hdfc Bank Limited was fully satisfied on 30 Jan 2026.
Charges
A charge registered on 20 Dec 2021 via Charge ID 100518901 with Hdfc Bank Limited was fully satisfied on 30 Jan 2026.
Charges
A charge with Others amounted to Rs. 0.09 Cr with Charge ID 101219637 was registered on 13 Jan 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.26 Cr with Charge ID 101216115 was registered on 26 Dec 2025.
Charges
A charge registered on 24 Jun 2024 via Charge ID 100940221 with Hdfc Bank Limited was fully satisfied on 20 Dec 2025.
Charges
A charge registered on 31 May 2024 via Charge ID 100931061 with Hdfc Bank Limited was fully satisfied on 20 Dec 2025.
Charges
A charge with Others amounted to Rs. 90.00 Cr with Charge ID 101194584 was registered on 27 Nov 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.33 Cr with Charge ID 101190382 was registered on 14 Nov 2025.
Appointed
Prakash Chand Jain was appointed as CFO.
365 earlier events are in the company report.
News
Saurashtra Cement: Company Signs Long-Term Agreement for 14 MW Wind-Solar Power Investment of ₹14.92 Crore
Frequently asked questions
Saurashtra Cement is an active public limited company based in Ranavav, Gujarat, India. The company works in cement and cement products, within the manufacturing industry. It was incorporated on 11 June 1956 (70+ years old) and is registered under CIN L26941GJ1956PLC000840. Listed on BSE: 502175 and NSE: SAURASHCEM.
Saurashtra Cement reported revenue of ₹1,666.04 Cr for FY 2025-26 (up 8.4% YoY) based on consolidated financials.
Saurashtra Cement has 9 current directors:
- Mohinderpal Singh Gilotra - Managing Director
- Jay Mahendra Mehta - Director
- Ashwani Kumar - Director
- Hemang Dhirendra Mehta - Director
- Hemnabh Ranvir Khatau - Director
- Viren Ajitkumar Merchant - Director
- Aman Khanna - Director
- Radhikaraje Gaekwad - Director
- Nagaraja Sarma Maddipatla - Director
The latest financial statements of Saurashtra Cement on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Saurashtra Cement is 24AAHFS5211J1ZB, registered in Gujarat. The company has 30 GST registrations in all, of which 30 are active. Other active GSTINs include 24AAHFS5211J2ZA (Gujarat), 24ABICS4135J1Z9 (Gujarat), 24ABICS4135J2Z8 (Gujarat).
The CIN (Corporate Identification Number) of Saurashtra Cement is L26941GJ1956PLC000840. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Saurashtra Cement is a listed company as per MCA records. Its shares are listed on both BSE (code: 502175) and NSE (symbol: SAURASHCEM).
Saurashtra Cement has 560 court cases on record: 419 filed by the company and 141 filed against it. 180 are pending. Most are in the high courts.
Saurashtra Cement was incorporated on 11 June 1956, making it 70+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Saurashtra Cement has 14 deals on record (13 market trades, 1 funding round), with disclosed funding of ₹93.12 Cr; the latest was in October 2018.
Prakash Chand Jain was appointed as CFO on 18 Sep 2025. Rakesh Harsukhrai Mehta ceased to be CFO on 04 Sep 2025. Virendra Raj Mohnot ceased to be CFO on 08 Sep 2024. Saurashtra Cement has 66 board changes on record in total.