Gujarat Sidhee Cement Ltd
Gujarat Sidhee Cement Ltd (GSCLCEMENT)

Gujarat Sidhee Cement Ltd (GSCLCEMENT)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return5.73 %
3 Month Return20.15 %
1 Year Return-19.5 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 84
Rank 202
Rank 199
Dividend Yield
Rank 176
Rank 364
Price To Book Ratio
Rank 30
Debt To Asset
Rank 205

Company Information

Incorporated in 1973 as Cement Corporation of Gujarat a whollyowned subsidiary of the Gujarat Industrial Investment Corporation GIIC Gujarat Sidhee Cement GSCL was promoted by GIIC and the Mehta group. The company got its present name in Jan.94.GSCL undertook a project to manufacture 1 mtpa of portland cement on 344 hectares land obtained at Junagadh district Gujarat. The mining lease of 254 hectares is awaited. GSCL is a sick company registered with the BIFR since Jul.90.Due to differences between the two promoters and the following prolonged litigation GIIC decided to disinvest part of its holding in GSCL in favour of the Mehtas. The Mehta group with a 38 equity stake now exercises control over the company.GSCL came out with its first rights issue in Jan.90 followed by a second one in Jul.94 to pay off loans add balancing equipment and raise its capacity from 1 mtpa to 1.2 mtpa. This increased the equity to Rs 119.08 cr.GSCL has been awarded the coveted Certificate under ISO9002 by TUV Private Ltd. a subsidiary of RWTUV of Germany for excellence in quality management.Over the last three years GSCL has been showing signs of recovery with higher capacity utilisation each year. GSCL received a Certificate of Merit for 9596 from CAPEXIL for its export performance.The company is also planning to install a captive power plant construct a captive jetty close to the plant along with other modernisation jobs in its plant.The company is planning to go for modernisation of its Raw MillPreheater and clinker cooler systems.
OrganisationGujarat Sidhee Cement Ltd
HeadquartersGir Somnath