Shree Digvijay Cement Company Limited is an India-based company engaged in the manufacturing and selling of cement. The company was founded in 1942 and is based in Jamnagar, India. The company manufactures cement at the coastal township of Digvijaygram (Sikka) in Jamnagar district of Gujarat and has an installed capacity of 1.5 MTPA.
The company operates through two segments: Cement business and Logistic business. It offers ordinary Portland cement, Portland Pozzolana cement, sulphate resistance Portland cement, oil well cement, and other special cements under the KAMAL CEMENT and CEMENT KA SARDAR brands. The company sells cement under its 'Kamal Cement' brand.
The company's product portfolio includes a comprehensive range of cement products designed to meet various construction needs. The company's major product range includes blended cements, which include Portland Pozzolana Cement (PPC), Ordinary Portland Cement (OPC), Sulphate Resistance Portland Cement (SRPC), Oil Well Cement (OWC) and Cement Ka Sardar. It also offers technical assistance and service to customers.
Beyond cement manufacturing, the company has diversified into logistics services. The company's wholly owned subsidiary, SDCCL Logistics Limited, provides transportation, warehousing, fulfillment, global logistics, business intelligence, technology and supply chain solutions. The services offered by SDCCL Logistics Limited include break-bulk cargo-import and export, transportation solutions, warehousing solutions, chartering and freight forwarding solutions and commodity trading.
Shree Digvijay Cement Company Ltd has a market capitalisation of ₹1,188 Crore as of 15-May-2025. As per Value Research classification, it is a Small Cap company. The company's ownership structure shows significant promoter involvement, with True North Fund VI LLP as the promoter, owning 54.68 per cent of the total equity. The chairman of the company is Anil Singhvi, and the managing director is Ramanujan Krishnakumar. There is no promoter pledging in Shree Digvijay Cement Company Ltd.
The company's financial performance in FY25 showed challenges, with a 71% drop in net profit to ₹25.20 crore on an 8.4% fall in revenue from operations to ₹725.15 crore in FY25 compared with FY24. For the quarter ended March 2025, sales declined 3.54% to ₹216.42 crore compared to ₹224.36 crore in the previous quarter ended March 2024.
The company's EBITDA per ton in Q4 FY25 was ₹837, a decline of 36% from ₹1,302 in Q4 FY24. Sales volume in Q4 FY25 remained unchanged from the previous year at 3.98 lakh tonnes. The net profit for Q4 FY25 was ₹18.36 crore, down 42.14% YoY, with profit before tax at ₹25.25 crore, a 41% decrease from ₹42.95 crore in Q4 FY24.
• FY2024-25 Performance: Revenue from operations of ₹725.15 crore (down 8.4% from FY24), Net profit of ₹25.20 crore (down 71% from FY24)
• Q4 FY2024-25 Performance: Revenue of ₹216.42 crore (down 3.54% YoY), Net profit of ₹18.36 crore (down 42.14% YoY)
• EBITDA per ton Q4 FY2024-25: ₹837 (declined 36% from ₹1,302 in Q4 FY24)
• Sales volume Q4 FY2024-25: 3.98 lakh tonnes
• Market Capitalization: ₹1,188 Crore (as of 2025)
• Promoter Holding: 54.68% (True North Fund VI LLP)
The company's CEO & managing director R. Krishna Kumar expressed optimism, stating: "We are witnessing a positive trend in demand and pricing for cement. We are optimistic that this trajectory will continue in the coming months, leading to better realization. The expansion of our new grinding unit is progressing well and is on track to be commissioned in Q1 FY2026. This expansion will further bolster our growth and enable us to meet the increasing demand more effectively".
The company has taken several corporate actions recently. The Board of Directors recommended a final dividend of ₹1.5 per equity share (15%) for FY25, subject to shareholder approval. The 80th Annual General Meeting of the company is scheduled for 29 August 2025.
As of 15-May-2025, the P/B ratio of Shree Digvijay Cement Company Ltd is 3.26 times, which is a 33% premium to its peers' median range of 2.46 times. The P/E ratio stands at 47.16 times, a 19% discount to its peers' median range of 58.01 times. The current dividend yield is 1.81%.
In a positive development, the Supreme Court dismissed INR 22.79 crore tax demand against Shree Digvijay Cement in May 2025, providing relief to the company from a significant tax liability.
The company continues to focus on operational efficiency and capacity expansion to capitalize on the growing cement demand in India, while maintaining its position as a regional player in the highly competitive Indian cement industry.
