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Sagar Cements Ltd share Price Today

Company details

6M Return 30.59%
1Y Return 24.58%
Mkt Cap.(Cr) 3,467.68
Volume 248,178
Div Yield 0.26%
OI Chg %
Volume 248,178

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About The Stock

    Sagar Cements is a south based cement player with cement capacity of 8.25 MT. Region wise, AP/Telangana accounted for ~60% of sales followed by Tamil Nadu (16%), Karnataka (9%).

    • Going forward, the company will be developing a presence in the faster-growing eastern and central market with recent commissioning of new 2.5 MT capacity
    • Self-reliance in power (61.5 MW), ability to switch between coal and petcoke for fuel requirement and split grinding units near market gives it cost advantage
Q3FY23 Results:

    Q3 performance broadly remained in line with our estimates.

    • Revenues were up 72.6% YoY to ₹ 575.7 crore, led by sales volume growth of 66.8% YoY
    • EBITDA improved sequentially with major delta coming from declining power & fuel costs
    • At the PAT level, the company reported a net loss of ₹ 27.2 crore led by higher interest cost (pertaining to loan taken for potential M&A) and depreciation (due to commissioning of new capacities)

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Sagar Cements announced Q1FY24 results:

  • Revenue decreased by 3% YoY and volume decreased by 1% for Q1FY24.
  • Plants operated at around 47% during Q1FY24.
  • Operating EBITDA of Rs 3,048 lakh for Q1FY24 as against Rs 6,103 lakh during Q1FY23.
  • Operating EBITDA of Rs 258 per ton during Q1FY24.
  • EBITDA margin declined by 500 bps to 6% for Q1FY24 (v/s Q1FY23).
  • Loss after tax stood at Rs 4,223 lakh for Q1FY24 v/s Loss of Rs 1,310 lakh during Q1FY23.

Commenting on the performance, Sreekanth Reddy, Jt. Managing Director of the Company said, “We would like to highlight that Q1 performance was largely impacted owing to the maintenance shutdown undertaken for Matampally’s line II clinker production. That coupled with a competitive pricing environment across our key markets weighed in on our quarterly performance. Realisations have remained relatively stable as compared to the sequential quarter. Demand from both infrastructure and housing segments continued to witness good momentum aiding in healthy volume growth across regions. Incremental volume growth was visible in the newly commissioned plants.

We have seen a decline in our operating profitability by 50% during the quarter in part owing to a benign pricing environment and also largely owing to high-cost inventory on the books. We expect the margins to benefit from falling fuel prices in the coming quarters. In addition to moderating input prices, higher utilization levels and regional diversification should help us deliver better profitability. Although, the overall advantage may be restricted, due to the overall benign pricing environment.

During Q1FY24 the blended cement sales improved to 55% as against 50% reported during Q1 FY23.

In terms of operations, as mentioned earlier, our efforts are directed towards improving the overall efficiencies and ramping up the utilization levels of our recently acquired units. Our Jeerabad and Jajpur facilities are performing in line with our expectations and we believe we will be able to achieve 80% utilization levels for the former and EBITDA breakeven for Jajpur during this fiscal.

On the ESG front, the company has acquired electric trucks & electric wheel loaders to be used in the operation at plants. Also, Company has started growing Bio-mass to use as alternate fuel in the kilns.

To conclude, we believe our geographic and product mix, cost economics, and commitment towards improving operational efficiencies will position us well to create value for our shareholders.”


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Investment recommendation
Call Date
30 Jan 2023
Entry Price 221.00
Target Price 250.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Sagar Cements Ltd Stocks COMPARISION


Equity Capital: 1,637.49 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,779.50 22,156.90
LAST 3M 54,802.13 -2,099.03
LAST 6M 93,089.45 78,838.27
LAST 12M 161,092.98 118,023.38

Sagar Cements Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Sagar Cements Ltd was incorporated on January 15th, 1981. The Company is engaged in the business of manufacture and sale of cement. A mini-cement company, commencing operations in 1985 to manufacture clinker and Ordinary Portland Cement (OPC), Sagar Cements has adopted the world`s latest and widely accepted dry processing kiln technology. It commissioned an Electrostatic Precipitator System for environment protection and pollution control. The OPC, sulphate resisting cement (SRC) and IRS T-40 grade cement manufactured by the company are marketed under the Sagar Priya brand. SRC conforming to IS-12330 standards is used in coastal areas, harbours, dockyards, bridges, sewerages and effluent-carrying drains. The slag cement grinding unit set up by it in 1993 consists of slag dryer, cement mill and packing plant. Slag cement is more resistant than OPC to soil and water containing excessive amounts of sulphates of alkali metals, alumina and iron, as well as acidic waters. It can, therefore, be used in marine works and in coastal areas. The clinker unit was expanded to increase productivity. It obtained government approval to set up mini-hydel power projects on GBC canal and KC canal through a new company, Sagar Power. The entire power generated by this unit will be used by Sagar Cements. In 1996 the company installed a second mill of 20 tph at the Mattampally unit at a capital outlay of about Rs. 250 lacs. During 2009-10, the Company had set up two mini hydel power projects. The Company and Parficim S.A.S., a wholly owned subsidiary of Vicat S.A. of France jointly promoted Vicat Sagar Cement Pvt Ltd to set up a 5.5 mtpa cement plant along with a captive power unit of 60MW capacity in Gulbarga Dist. of Karanataka State. In 2012-13, a separate entity under the name `Vicat Sagar Cement Private Limited` (VSCPL) was later formed for the purpose. This project was implemented in two phases, each phase with a capacity of 2.75 Milllion ton cement per annum. To facilitate the speedy implementation of the captive power plant mentioned above, the VSCPL and Parficim SAS, a wholly owned subsidiary of Vicat SA jointly formed an SPV, "Gulbarga Power Private Ltd". First Phase of the cement project commenced its commercial operations. Resulting to this formation, Sagar Cements and the Vicat Group respectively invested a sum of Rs.86 Crores and Rs. 414 Crores and were holding 47% and 53% of the Equity Capital of the said Joint Venture. In 2015, the Company acquired the entire equity stake in BMM Cements Limited, which was renamed as Sagar Cements (R) Limited. It commissioned a Waste Heat Recovery Power Plant of 6 MW at Mattampally unit in 2017. It acquired a grinding unit of 1,81,500 MT capacity at Bayyavaram in Visakhapatnam Dist in Andhra Pradesh which ramped its capacity from 0.18 MTPA to 1.5 MTPA in 2018-19. In 2019, the Company acquired 65% stake in Satguru Cement, MP and 100% stake in Jajpur Cement, Odisha. Sagar Cements (R) Limited, a Wholly-owned Subsidiary was merged with Company through the the Scheme of Amalgamation effective from 15th March 2022. In 2022, it commissioned 1 MTPA integrated plant at Jeerabad, MP and 1.5 MTPA grinding unit at Jajpur, Odisha, resulting to this, the Jaipur Cement Plant started their commercial operations in Odisha during the year 2021-22. The Company acquired 95% stake in Andhra Cements Limited (ACL) through a Insolvency and Bankruptcy Code Process in March, 2023, by virtue of which, the said ACL became subsidiary of the Company. The Dachepalli unit resumed its grinding operations post the above acquisition. .

Registered Address

Plot No 111 Road No 10, Jubilee Hills, Hyderabad, Telangana, 500033

Tel : 91-40-23351571
Email : info:sagarcements.in
Website : http://www.sagarcements.in

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AGM Date (Month) : Jun
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 502090
Book Closure Date (Month) : Jun
BSE Group : B
ISIN : INE229C01021

FAQ’s on Sagar Cements Ltd Shares

You can buy Sagar Cements Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Sagar Cements Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 01, 2023 04:06 PM the closing price of Sagar Cements Ltd was ₹ 265.30.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 01, 2023 04:06 PM, the market cap of Sagar Cements Ltd stood at ₹ 3,467.68.

The latest PE ratio of Sagar Cements Ltd as of Dec 01, 2023 04:06 PM is 219.55

The latest PB ratio of Sagar Cements Ltd as of Dec 01, 2023 04:06 PM is 0.46

The 52-week high of Sagar Cements Ltd is ₹ 275.45 while the 52-week low is ₹ 180.00

According to analyst recommendations, Sagar Cements Ltd has a “Buy” rating for the long term.

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