SHIVACEM
Shiva Cement financials
- Market cap
- ₹469 Cr
- Sector
- Construction Materials
Quarterly results
Q1 FY27: revenue up 42.5%, net profit up 30.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 51 | 58 | 106 | 106 | 82 +61% | 126 +117% | 121 +14% | 151 +42% |
| EBITDA | -9 | -8 | -3 | -2 | 4 +144% | 1 +113% | 11 +467% | 19 +1050% |
| Net profit | -34 | -34 | -53 | -30 | -33 +3% | -34 +0% | -29 +45% | -21 +30% |
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 −46.8% 1Y
1Y: ₹29.98 on 10 Sept 2025 → ₹15.95. High ₹30.07 (11 Sept 2025), low ₹13.16 (30 Mar 2026).
Financials, as filed
Revenue grew 12.0% a year over 2 years, FY24 to FY26. Operating margin narrowed to 3.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹347 Cr | ₹312 Cr | ₹435 Cr |
| Operating profit | ₹39 Cr | ₹-11 Cr | ₹14 Cr |
| Operating margin | 11.2% | -3.5% | 3.2% |
| Interest | ₹101 Cr | ₹115 Cr | ₹131 Cr |
| Depreciation | ₹31 Cr | ₹43 Cr | ₹42 Cr |
| Net profit | ₹-68 Cr | ₹-143 Cr | ₹-126 Cr |
| Net margin | -19.6% | -45.8% | -29.0% |
| Cash from operations | ₹253 Cr | ₹-56 Cr | ₹85 Cr |
| Free cash flow | ₹-1 Cr | ₹-268 Cr | ₹-151 Cr |
| ROCE | 1.0% | -3.0% | -1.0% |
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 | ₹39 Cr | ₹39 Cr | ₹39 Cr | ₹39 Cr | ₹59 Cr | ₹59 Cr |
| Reserves | ₹-56 Cr | ₹-82 Cr | ₹-162 Cr | ₹-231 Cr | ₹-19 Cr | ₹-126 Cr |
| Borrowings | ₹247 Cr | ₹802 Cr | ₹1.3k Cr | ₹1.5k Cr | ₹1.6k Cr | ₹1.7k Cr |
| Other liabilities | ₹73 Cr | ₹139 Cr | ₹180 Cr | ₹265 Cr | ₹269 Cr | ₹242 Cr |
| Total liabilities | ₹302 Cr | ₹898 Cr | ₹1.4k Cr | ₹1.5k Cr | ₹1.9k Cr | ₹1.9k Cr |
| Fixed assets | ₹128 Cr | ₹112 Cr | ₹35 Cr | ₹1.0k Cr | ₹1.2k Cr | ₹1.2k Cr |
| Capital work in progress | ₹31 Cr | ₹464 Cr | ₹905 Cr | ₹138 Cr | ₹29 Cr | ₹35 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹143 Cr | ₹323 Cr | ₹451 Cr | ₹370 Cr | ₹672 Cr | ₹675 Cr |
| Total assets | ₹302 Cr | ₹898 Cr | ₹1.4k Cr | ₹1.5k Cr | ₹1.9k Cr | ₹1.9k 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.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 4% to 54,974.
- Promoters
- 66.5%
- FIIs
- 0.1%
- DIIs
- 0.1%
- Public
- 33.3%
Since Jun 2025
- Promoters +0.06 pp
- Public −0.06 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Over this window the public fell from 40.3% to 33.3% — −7.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 59.6%, DIIs 0.1%, Public 40.3%.Dec '23: Promoters 59.6%, FIIs 0.1%, DIIs 0.1%, Public 40.2%.Mar '24: Promoters 59.6%, FIIs 0.1%, DIIs 0.1%, Public 40.2%.Jun '24: Promoters 66.4%, FIIs 0.1%, DIIs 0.1%, Public 33.4%.Sep '24: Promoters 66.4%, FIIs 0.1%, DIIs 0.1%, Public 33.4%.Dec '24: Promoters 66.4%, FIIs 0.1%, DIIs 0.1%, Public 33.4%.Mar '25: Promoters 66.4%, FIIs 0.1%, DIIs 0.1%, Public 33.4%.Jun '25: Promoters 66.4%, FIIs 0.1%, DIIs 0.1%, Public 33.4%.Sep '25: Promoters 66.4%, FIIs 0.1%, DIIs 0.1%, Public 33.4%.Dec '25: Promoters 66.4%, FIIs 0.1%, DIIs 0.1%, Public 33.4%.Mar '26: Promoters 66.5%, FIIs 0.1%, DIIs 0.1%, Public 33.3%.Jun '26: Promoters 66.5%, FIIs 0.1%, DIIs 0.1%, Public 33.3%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Shiva Cement Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| JSW Cement Limited | 66.23% | unchanged |
| Celsia Philomena Bocarro | 1.03% | unchanged |
| Anushree Parth Jindal | 0.27% | unchanged |
| Parth Jindal | 0.00% | unchanged |
| Reynold Traders Private Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Shiva Cement Ltd.
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