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Saurashtra Cement Ltd

Saurashtra Cement Ltd (SAURASHCEM)

₹114.3▲3.91%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Saurashtra Cement Ltd share Performance

₹112.8
₹122.8
₹114.3
1.31%
Low
Day's Volatility:8.75%
High
7.44%
₹97
₹130.6
₹114.3
15.14%
Low
52 Weeks Volatility:29.40%
High
14.26%

Returns %
1 Month Return	5.59 %
3 Month Return	5.47 %
1 Year Return	95.38 %

Market Stats
Previous Close	₹118.95
Open	₹119.10
Volume	2.51L
Upper Circuit	-
Lower Circuit	-
Market Cap	₹1,320.14Cr

Company Information

Saurashtra Cement Limited (SCL), established in 1956 to manufacture cement using the semi dry process, has become a successful venture for the Mehta Group, headed by Nanji Kalidas Mehta, after their investment of 50 lacs in 1960. It is located in Ranavav, Gujarat and currently has a market share of 23%. In 1993, they issued rights shares and PCDs to increase their capacity from 8.63 lakh tons to 11.29 lakh tons. They market cement under the brand name "Hathi", and have a technical collaboration with Fuller USA for design plant equipment. SCL was awarded the Excellence Award for productivity, quality, innovation, and management by the Institute of Economic Studies, New Delhi in 1992. Additionally, they are also the largest exporter of cement clinker to West Asia with a market share of 33%. They are in the process of expanding their capacity to 2.4 million tons and building a captive Jetty at Porbandar, Gujarat at a cost of 250 crores. The project is estimated to be completed in 200304.

Share Price: ₹114.30 per share as on 06 May, 2024 04:01 PM
Market Capitalisation: ₹1,320.14Cr as of today
Revenue: ₹446.69Cr as on December 2023 (Q4 23)
Net Profit: ₹12.57Cr as on December 2023 (Q4 23)
Listing date: 03 Jan, 1995
Chairperson Name: M N Mehta

Organisation	Saurashtra Cement Ltd
Headquarters	Mumbai
Industry	Cement
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Key events for Saurashtra Cement Ltd

Saurashtra Cement Ltd Shares Gain 27% in a Month - 20 Apr, 2024
Saurashtra Cement Ltd shares have gained 27% in the past month due to rising revenue. The company's top line has grown by an exceptional 101% over the last year and 186% from three years ago, while the rest of the industry is expected to decline by 12%. However, investors remain unconvinced about the company's ability to maintain its growth rate.

Fundamentals of Saurashtra Cement Ltd

Insights on Saurashtra Cement Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Best in 1 Year
In the last 1 year, SAURASHCEM has outperformed top 5 stocks with highest market-cap in Construction Materials
POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 32.64% to 32.67% in Mar 2024 quarter
POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 0.73 Cr → 12.57 Cr (in ₹), with an average increase of 94.2% per quarter
POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 378.19 Cr → 450.84 Cr (in ₹), with an average increase of 16.1% per quarter
POSITIVE IMPACT
Price Rise
In the last 1 month, SAURASHCEM stock has moved up by 5.6%
NO EFFECT
Against Peers
In the last 3 years, Ambuja Cements Ltd has given 98.0% return, outperforming this stock by 15.4%
NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 66.99% to 66.96% in Mar 2024 quarter