About
Shiva Cement Limited manufactures and sells cement and clinker products in India. It also engages in the trading of allied products. The company was incorporated in 1985 and is based in Mumbai, India. Shiva Cement Limited operates as a subsidiary of JSW Cement Limited.
Key Metrics
as of Sep 2026Market Cap471 Cr
P/E—
Div Yield0.00 %
Book Value₹-2.26
52w High₹31.20
52w Low₹12.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 151.00 | 121.00 | 126.00 | 82.00 | 106.00 | 106.00 | 58.00 | 51.00 | 97.00 | 145.00 | 98.00 | 104.00 | 0.00 |
| Expenses | 133.00 | 111.00 | 125.00 | 78.00 | 108.00 | 110.00 | 66.00 | 59.00 | 88.00 | 120.00 | 93.00 | 93.00 | 3.00 |
| Operating Profit | 19.00 | 11.00 | 1.00 | 4.00 | -2.00 | -3.00 | -8.00 | -9.00 | 9.00 | 25.00 | 5.00 | 12.00 | -3.00 |
| OPM % | 12.00 | 9.00 | 0.60 | 4.90 | -1.90 | -3.10 | -14.00 | -17.00 | 9.00 | 17.00 | 5.00 | 11.00 | — |
| Other Income | 1.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 3.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 |
| Depreciation | 11.00 | 11.00 | 11.00 | 10.00 | 10.00 | 10.00 | 10.00 | 12.00 | 11.00 | 10.00 | 11.00 | 8.00 | 2.00 |
| Interest | 35.00 | 35.00 | 35.00 | 31.00 | 30.00 | 30.00 | 31.00 | 26.00 | 28.00 | 30.00 | 38.00 | 31.00 | 2.00 |
| Profit before tax | -26.00 | -34.00 | -45.00 | -36.00 | -41.00 | -42.00 | -46.00 | -45.00 | -29.00 | -15.00 | -44.00 | -26.00 | -6.00 |
| Tax % | -19.00 | -15.00 | -24.00 | -10.00 | -26.00 | 27.00 | -25.00 | -26.00 | -26.00 | -23.00 | -26.00 | -26.00 | -26.00 |
| Net Profit | -21.00 | -29.00 | -34.00 | -33.00 | -30.00 | -53.00 | -34.00 | -34.00 | -22.00 | -12.00 | -32.00 | -19.00 | -5.00 |
| EPS in Rs | -0.72 | -0.97 | -1.15 | -1.11 | -1.03 | -1.80 | -1.15 | -1.14 | -0.73 | -0.40 | -1.10 | -0.66 | -0.16 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 435.00 | 311.00 | 347.00 | 0.00 | 3.00 | 28.00 | 32.00 | 29.00 | 25.00 | 22.00 | 68.00 | 66.00 |
| Expenses | 422.00 | 317.00 | 308.00 | 13.00 | 13.00 | 38.00 | 39.00 | 36.00 | 34.00 | 28.00 | 58.00 | 57.00 |
| Operating Profit | 14.00 | -6.00 | 39.00 | -13.00 | -9.00 | -9.00 | -7.00 | -7.00 | -8.00 | -6.00 | 9.00 | 10.00 |
| OPM % | 3.10 | -2.00 | 11.00 | -131,100.00 | -261.00 | -33.00 | -21.00 | -24.00 | -33.00 | -26.00 | 14.00 | 15.00 |
| Other Income | 4.00 | 2.00 | 2.00 | -24.00 | -10.00 | 3.00 | -1.00 | 0.00 | -10.00 | -11.00 | 0.00 | 0.00 |
| Interest | 131.00 | 115.00 | 101.00 | 13.00 | 9.00 | 15.00 | 15.00 | 15.00 | 14.00 | 8.00 | 4.00 | 3.00 |
| Depreciation | 42.00 | 42.00 | 31.00 | 59.00 | 7.00 | 8.00 | 8.00 | 8.00 | 8.00 | 6.00 | 5.00 | 4.00 |
| Profit before tax | -156.00 | -162.00 | -92.00 | -109.00 | -35.00 | -29.00 | -31.00 | -29.00 | -40.00 | -30.00 | 1.00 | 3.00 |
| Tax % | -19.00 | -12.00 | -25.00 | -26.00 | -26.00 | -25.00 | -25.00 | -27.00 | -22.00 | -32.00 | 100.00 | 9.00 |
| Net Profit | -126.00 | -142.00 | -68.00 | -80.00 | -26.00 | -22.00 | -23.00 | -21.00 | -31.00 | -20.00 | 0.00 | 2.00 |
| EPS in Rs | -4.26 | -4.83 | -2.32 | -2.73 | -0.87 | -0.74 | -0.77 | -0.72 | -1.05 | -0.69 | 0.00 | 0.09 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 59.00 | 59.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 40.00 | 40.00 |
| Reserves | -126.00 | 0.00 | -231.00 | -162.00 | -82.00 | -56.00 | -33.00 | -9.00 | 12.00 | 43.00 | 61.00 | 60.00 |
| Borrowings | 1,740.00 | 1,460.00 | 1,468.00 | 1,334.00 | 802.00 | 247.00 | 155.00 | 138.00 | 130.00 | 76.00 | 48.00 | 45.00 |
| Other Liabilities | 242.00 | 183.00 | 265.00 | 180.00 | 139.00 | 73.00 | 50.00 | 35.00 | 24.00 | 28.00 | 35.00 | 26.00 |
| Total Liabilities | 1,915.00 | 1,701.00 | 1,542.00 | 1,392.00 | 898.00 | 302.00 | 211.00 | 202.00 | 204.00 | 186.00 | 183.00 | 170.00 |
| Fixed Assets | 1,206.00 | 1,126.00 | 1,034.00 | 35.00 | 112.00 | 128.00 | 135.00 | 142.00 | 147.00 | 153.00 | 118.00 | 111.00 |
| CWIP | 35.00 | 113.00 | 138.00 | 905.00 | 464.00 | 31.00 | 6.00 | 1.00 | 1.00 | 0.00 | 7.00 | 7.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 675.00 | 463.00 | 370.00 | 451.00 | 323.00 | 143.00 | 71.00 | 59.00 | 57.00 | 33.00 | 58.00 | 53.00 |
| Total Assets | 1,915.00 | 1,701.00 | 1,542.00 | 1,392.00 | 898.00 | 302.00 | 211.00 | 202.00 | 204.00 | 186.00 | 183.00 | 170.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 85.00 | -56.00 | 253.00 | -110.00 | -113.00 | -4.00 | -11.00 | -5.00 | -59.00 | 35.00 | 14.00 | 9.00 |
| Cash from Investing Activity | -232.00 | -210.00 | -254.00 | -342.00 | -362.00 | -75.00 | -6.00 | -3.00 | -11.00 | -40.00 | -12.00 | -17.00 |
| Cash from Financing Activity | 146.00 | 261.00 | 8.00 | 448.00 | 479.00 | 86.00 | 17.00 | 8.00 | 70.00 | 6.00 | -2.00 | 8.00 |
| Net Cash Flow | -1.00 | -5.00 | 7.00 | -3.00 | 4.00 | 7.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow | -151.00 | -268.00 | -1.00 | -459.00 | -475.00 | -84.00 | -18.00 | -8.00 | -71.00 | -6.00 | 2.00 | -8.00 |
| CFO/OP % | 636.00 | 887.00 | 651.00 | 833.00 | 1,249.00 | 47.00 | 162.00 | 70.00 | 714.00 | -615.00 | 153.00 | 98.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 1.00 | 0.00 | 3.00 | 24.00 | 16.00 | 37.00 | 61.00 | 21.00 | 83.00 | 82.00 |
| Inventory Days | 232.00 | 288.00 | 226.00 | 1,550.00 | 511.00 | 494.00 | 303.00 | 782.00 | 299.00 | 138.00 | 143.00 |
| Days Payable | 324.00 | 434.00 | 294.00 | 697.00 | 327.00 | 279.00 | 179.00 | 480.00 | 240.00 | 28.00 | 36.00 |
| Cash Conversion Cycle | -93.00 | -145.00 | -67.00 | 856.00 | 208.00 | 232.00 | 160.00 | 362.00 | 79.00 | 192.00 | 190.00 |
| Working Capital Days | -302.00 | -124.00 | -158.00 | -4,320.00 | -636.00 | -1,880.00 | -1,697.00 | 47.00 | -941.00 | 28.00 | 47.00 |
| ROCE % | -1.00 | -3.00 | 1.00 | -2.00 | -7.00 | -9.00 | -8.00 | -9.00 | -7.00 | 3.00 | 5.00 |
Corporate Actions
3 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 03 Apr 2024 | 03 Apr 2024 | — | — | Right Issue of Equity Shares |
| Bonus | 09 Dec 2010 | 11 Dec 2010 | 1:10 | — | |
| Bonus | 30 Jan 2002 | 12 Feb 2002 | 1:2 | — |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update30 Oct 2025 from crisil
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Rating update13 May 2025 from crisil
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Rating update14 Apr 2025 from crisil
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Rating update6 Aug 2024 from crisil
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Rating update26 Apr 2024 from crisil
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Rating update3 Mar 2023 from crisil