SAGCEM

Sagar Cements share price & financials

Cement manufacturer with 10.50 MTPA capacity across six plants spanning Telangana, Andhra Pradesh, Odisha and Madhya Pradesh.

Price: ₹172.03
Market cap: ₹2.3k Cr
Sector: Construction Materials
Calls analysed: 6

Latest concall · Q1 FY27 · call held 28 Jul 2026

Sagar Cements Limited Q1 FY27

Volume Growth 13% +13%Revenue Growth 5% +5%EBITDA per Tonne ₹451 Power & Fuel Cost per Tonne ₹1,484

What went well

Delivered a healthy volume growth of around 13% during the quarter, reflecting resilient demand.
Revenue increased by 5% year-on-year, driven primarily by higher volumes.
Successfully commissioned the remaining 1.55 MW waste heat recovery at Gudipadu and completed 0.5 million tonne capacity expansion at Jeerabad.

What to watch

Profitability and margins moderated during Q1 due to elevated input prices across energy, fuel, and packaging.
Pricing momentum moderated towards the end of the quarter amid competitive intensity and regional market dynamics.

Read the full call →

What Sagar Cements Limited does

Sagar Cements Limited manufactures and sells cement, operating integrated and grinding units in Telangana, Andhra Pradesh, Odisha and Madhya Pradesh that supply markets across southern, central and eastern India. Its product range spans Ordinary Portland Cement, Portland Pozzolana Cement, Portland Slag Cement, Sulphate Resistant Cement, Composite Cement and GGBS, distributed through a network of dealers and sub-dealers. The company runs captive thermal, solar, hydro and waste-heat-recovery power plants alongside its cement lines, and is setting up a new Superfine Building Materials division to make high-performance GGBS- and fly-ash-based products for precision construction.

Segments

Cement

Installed cement capacity: 10.50 MTPA
Clinker capacity: 7.16 MTPA
Manufacturing plants: 6 plants — Mattampally (Telangana), Bayyavaram, Gudipadu & Dachepalli (Andhra Pradesh), Jeerabad (Madhya Pradesh), Jajpur/Kalinganagar (Odisha)
Limestone reserves: 1,030 million tonnes
Total captive power capacity: 108.98 MW
Green captive power capacity (solar, hydro, WHRS): 36 MW

Founded 1981Headquarters Hyderabad, Telangana, IndiaEmployees 1,207 (FY2026 (year ended March) Company website

Guidance record · Q1 FY27

what the last two calls moved 21 tracked 4 delivered 6 missed 11 open

FY26 Sales Volume delivered said Q1 FY26 Promised: around 6 million tonnes Q1 FY27: The target period for this promise has passed. The final verdict remains 'achieved'.
FY26 EBITDA per tonne missed said Q1 FY26 Promised: around ₹600 per tonne as a minimum Q1 FY27: The target period for this promise has passed. The final verdict remains 'missed'.
Vizag Land Monetization delayed said Q1 FY26 Promised: Approval by Oct, ₹100-150 cr in FY26 Q1 FY27: The final government approval is still awaited. Management now expects a generic GO for all industrial lands instead of a case-specific one, further extending the uncertainty. The target of realizing ₹150 cr in FY27 remains, but is contingent on this approval.

All 21 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 5.2%, net profit down 500.0% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	475	564	658	671	602 +27%	591 +5%	787 +20%	706 +5%
Expenses	455	526	621	549	551	553	705	634
EBITDA	20	38	37	121	51 +155%	38 +0%	82 +122%	72 −40%
Margin	4%	7%	6%	18%	9%	6%	10%	10%
Other income	5	5	-24	4	4	2	11	2
Interest	46	48	47	47	46	50	53	52
Depreciation	58	59	58	55	56	63	66	59
Profit before tax	-79	-64	-93	24	-47 +41%	-74 −16%	-27 +71%	-37 −254%
Tax rate	-28%	-15%	-21%	69%	-5%	-13%	-476%	-23%
Net profit	-57	-54	-73	7	-44 +23%	-64 −19%	100 +237%	-28 −500%
EPS	-4.25	-4.21	-5.41	0.09	-3.24	-4.41	6.70	-1.77

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −48.0% 1Y

1Y: ₹281.1 on 10 Sept 2025 → ₹146.25. High ₹281.65 (11 Sept 2025), low ₹146.25 (11 Sept 2026).

How the price took the results

close before → close after

Q1 FY27: −2.7%; 28 Jul
Q4 FY26: +4.0%; 14 May
Q3 FY26: +1.6%; 22 Jan
Q2 FY26: −5.9%; 24 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 5.9% a year over 3 years, FY23 to FY26. Operating margin widened to 11.0%.

Year ending	FY23	FY24	FY25	FY26
Revenue	₹2.2k Cr	₹2.5k Cr	₹2.3k Cr	₹2.7k Cr
Operating profit	₹154 Cr	₹245 Cr	₹142 Cr	₹292 Cr
Operating margin	6.9%	9.8%	6.3%	11.0%
Interest	₹201 Cr	₹185 Cr	₹187 Cr	₹196 Cr
Depreciation	₹157 Cr	₹214 Cr	₹231 Cr	₹240 Cr
Net profit	₹7 Cr	₹-51 Cr	₹-216 Cr	₹-1 Cr
Net margin	0.3%	-2.0%	-9.6%	0.0%
Cash from operations	₹175 Cr	₹400 Cr	₹234 Cr	₹216 Cr
Free cash flow	₹59 Cr	₹200 Cr	₹104 Cr	₹-201 Cr
ROCE	7.0%	1.0%	-2.0%	2.0%

How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year ending	FY21	FY22	FY23	FY24	FY25	FY26
Equity capital	₹24 Cr	₹24 Cr	₹26 Cr	₹26 Cr	₹26 Cr	₹26 Cr
Reserves	₹1.2k Cr	₹1.2k Cr	₹1.6k Cr	₹1.9k Cr	₹1.7k Cr	₹1.7k Cr
Borrowings	₹809 Cr	₹1.5k Cr	₹1.5k Cr	₹1.4k Cr	₹1.6k Cr	₹1.7k Cr
Other liabilities	₹547 Cr	₹583 Cr	₹618 Cr	₹863 Cr	₹1.1k Cr	₹1.1k Cr
Total liabilities	₹2.5k Cr	₹3.3k Cr	₹3.7k Cr	₹4.2k Cr	₹4.4k Cr	₹4.5k Cr
Fixed assets	₹1.3k Cr	₹2.0k Cr	₹2.8k Cr	₹3.3k Cr	₹3.0k Cr	₹3.2k Cr
Capital work in progress	₹517 Cr	₹100 Cr	₹99 Cr	₹15 Cr	₹316 Cr	₹116 Cr
Investments	₹0 Cr	₹315 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Other assets	₹727 Cr	₹886 Cr	₹841 Cr	₹983 Cr	₹1.0k Cr	₹1.1k Cr
Total assets	₹2.5k Cr	₹3.3k Cr	₹3.7k Cr	₹4.2k Cr	₹4.4k Cr	₹4.5k Cr

How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Mutual funds in SAGCEM

Filings to Aug 2026

0 new, 0 added, 1 trimmed, 0 sold out — net −0.05 L shares (−0.1%).

Held by funds: ₹82 Cr; 3 schemes
Biggest holder: SBI Multi Asset Allocation Fund; ₹53 Cr · 0.3% of that fund

Scheme	Holding	Last month	Held since
SBI Multi Asset Allocation Fund SBI Mutual Fund	₹53 Cr	held	May '23
HDFC Multi Cap Fund HDFC Mutual Fund	₹23 Cr	−0.05 L	Dec '22
SBI Comma Fund SBI Mutual Fund	₹6 Cr	held	Dec '22

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 1 trimmed — net −5,092 shares (−0.1%)

Funds are sitting on: -22%; vs est. average cost
Held by funds: ₹82 Cr; 3 schemes · ≈ 3.8% of the company
Biggest holder: SBI Multi Asset Allocation Fund; ₹53 Cr · 0.3% of that fund
Longest holder: SBI Comma Fund; 3y 9m · since Dec '22

Shares held by these funds +68%

Aug '23 50.01 L shares Jul '26

All earnings calls (5)

Read the Q1 FY27 call →

Learn to analyse Sagar Cements Limited

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