Saurashtra Cement Ltd

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NSEBSE

119.305.45 (4.79%)

03:43 PM,4th Mar 2024

119.305.30 (4.65%)

04:01 PM,4th Mar 2024

BSE : 502175

NSE : SAURASHCEM

Sector : Industrials

ISIN Code : INE626A01014

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Last Updated: Mar 04 2024 | 04:01 PM IST

Market Cap (₹ Cr)

1323

Turnover (₹ Cr)

0.24

Volume (Shares)

202734

Face Value

10

52-WK High

124.50

52-WK High Date

27 Feb 2024

52-WK Low

109.00

52-WK Low Date

29 Feb 2024

All Time High

124.50

All Time High Date

27 Feb 2024

All Time Low

4.35

All Time Low Date

14 Sep 2001

Saurashtra Cement Ltd

Promoted in 1956 Saurashtra Cement Ltd (SCL) was set up to manufacture cement by the semi-dry process. In 1960 the Mehta group headed by Nanji Kalidas Mehta invested Rs 50 lac in SCL. The plant is located at Ranavav Gujarat. In 1980 the group was invited by the Government of Gujarat to invest in a joint venture Cement Corporation of Gujarat now called Gujarat Sidhee Cement (GSCL). The Mehta group spans over seven countries with interests in sugar engineering cement electrical cables power alcohol etc. SCL was the first BIFR case to be turned around without a rehabilitation package/assistance. It enjoys a market share of 23% in Gujarat. In Oct.'93 it issued rights shares and PCDs to increase its capacity from 8.63 lac tpa to 11.29 lac tpa. At present the company is engaged in thebusiness of manufacturing and selling of Cement and Paints. It has entered into a technical collaboration with Fuller US to provide designs for plant equipment. It holds a mining lease near Ranavav for limestone quarrying.The Company commenced a 7500 tonne silo for the bulk loading of cement at its jetty in the Porbandar Port during 2004 and was made fully operational in 2006. It installed second silo having a capacity of 8000 MT at the jetty along with mechanized facility to load cement in 2006. The Company's net worth as at 30th June 2005 had been completely eroded and the Hon'ble BIFR declared the Company as a sick industrial undertaking vide its order dated 21st September 2006.The Company had five wholly owned subsidiary companies. Out of these five subsidiaries four companies namely Pranay Holdings Limited Prachit Holdings Limited Ria Holdings Limited and Reeti Investments Private Limited accordingly merged with the Company through the Scheme of Amalgamation and the said Amalgamation became effective from 1st April 2018. Similarly Parsec Enterprises Private Limited a promoter group company got amalgamated with Company effective from April 01 2020. The Company acquired the paints business of Snowcem Paints Pvt. Ltd. including the brands owned by them on a slump sale basis during FY 2021-22. Further it embarked on a digital transformation journey under Project Parivartan. In 2023 the Scheme of Amalgamation of Gujarat Sidhee Cement Limited (GSCL) with the Company became effective from 30th March 2023. In terms of the said Scheme of Amalgamation the Company issued and allotted 54009641 new equity shares of Rs 10/- each fully paid up to the shareholders of erstwhile Gujarat Sidhee Cement Limited on April 26 2023 in the merger ratio of 62:100.

Saurashtra Cement Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1323

EPS - TTM (₹) [S]

4.65

P/E Ratio (X) [S]

1.48

Face Value (₹) 10
Latest Dividend (%)10.00
Latest Dividend Date 23 Feb 2024
Dividend Yield (%) -
Book Value Share (₹) [S]80.68
P/B Ratio (₹) [S]1.48
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

112.90

123.20

Week Low/High

109.00

125.00

Month Low/High

109.00

125.00

Year Low/High

109.00

125.00

All time Low/High

6.00

125.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-3.21%%1.491.28%
1 Month9.29%%2.482.52%
3 Month29.48%%7.278.31%
6 Month44.24%%12.5614.73%
1 Year133.51%%23.5127.35%
3 Year85.68%%45.2948.57%

Company Info

Company Information

Chairman (Non-Executive) : M N Mehta

Executive Vice Chairman : Jay Mehta

Director : H D Mehta

Independent Director : M N Rao

Independent Director : K N Bhandari

Independent Director : B P Deshmukh

Director : Hemnabh Khatau

Managing Director : M S Gilotra

Independent Director : Bimal Thakkar

Independent Director : Bhagyam Ramani

Company Sec. & Compli. Officer : Sonali Sanas

Independent Director : Ashwani Kumar

Independent Director : Aman Pradeepchand Khanna

Independent Director : Radhika Samarjitsinh Gaekwad

Registered Office: Near Railway Station, Porbandar,Ranavav,Gujarat-360560 Ph: 91-02801-235001/7/304200

Email:sclinvestorquery@mehtagroup.com

URL:http://www.saurashtracementlimited.com