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Shiva Cement (SHIVACEM) is loss-making over the last 12 months, losing ₹107 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹12.98, 24% below its 52-week high. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹1,681 Cr. It is a small-cap company with a market cap of ₹383 Cr, ranked 29th of 58 Building Materials companies by market cap; the shares fell 23% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹13.09
Day high
₹13.39
Day low
₹12.75
Prev. close
₹13.09
Volume
77.3K

Health check

1 fair · 3 to check
  • ReturnsIn line

    −22.7% over a year, better than 3 of 7 peers.

  • Price tagNegative equity

    Book value is below zero, so P/E and P/B mislead here.

  • Growthn/a

    Not enough yearly results to measure.

  • ProfitabilityDistorted

    With negative net worth, return ratios are meaningless.

  • Balance sheetStretched

    Negative net worth: liabilities exceed assets.

  • Red flags3 to check

    Loss-making over the last twelve months.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Building Materials

57 listed peers. Screen the industry

Small cap

₹383 Cr, #29 of 58 in its industry by size.

Defensive

Beta 0.33 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹513 Cr · profit ₹−107 Cr
Market cap
₹383 Cr
Small cap
P/E
n/a
Industry 27.3
Price to book
−5.90
Peers 2.12
Dividend yield
0.00%
ROE
n/a
Peers 4.9%
ROCE
−1.8%
Peers 10.2%
Debt to equity
n/a
Debt ₹1,681 Cr
EPS (TTM)
−₹3.62
Face value ₹2
OPM (TTM)
9.3%
Net margin −20.8%
Sales growth
+37.3%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
0.75
EV/EBITDA 43.9

Strengths and risks

Strengths

  • Quarterly sales up 37.3% on a year ago.

Risks to check

  • Loss-making over the last twelve months.
  • Negative net worth: liabilities exceed assets.
  • Interest coverage of only 0.1×.

Derived automatically from reported figures. Not a recommendation.

About Shiva Cement

Shiva Cement Limited manufactures and sells cement and clinker products in India. It also engages in the trading of allied products. The company was incorporated in 1985 and is based in Mumbai, India. Shiva Cement Limited operates as a subsidiary of JSW Cement Limited.

Headquarters
Mumbai
Employees
208
Sector
Basic Materials
ISIN
INE555C01029
Website
shivacement.com

Price range

52 weeks

₹12.00₹17.15

Today

₹12.75₹13.39
Avg volume (3M)
86.1K
1-year return
minus 22.7%
From 52-week high
minus 24.3%

Peers · Building Materials

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ULTRACEMCOUltraTech Cement12,450.00plus 1.63%3,66,11041.622.811.8%19.1%0.3811.9%plus 3.6%
GRASIMGrasim Industries3,227.00minus 0.02%2,18,88438.516.84.0%15.0%1.3514.3%plus 12.0%
AMBUJACEMAmbuja Cements390.60plus 0.67%97,05734.714.64.6%14.3%0.01–minus 31.6%
SHREECEMShree Cement25,100.00plus 0.82%90,56357.218.010.2%20.1%0.095.7%minus 9.8%
JKCEMENTJ.K. Cement5,239.80minus 0.20%40,48742.319.213.3%15.8%1.0112.1%minus 9.1%
DALBHARATDalmia Bharat1,470.30plus 0.27%27,60256.39.67.0%16.5%0.573.0%minus 28.5%
ACCACC1,236.20plus 0.77%23,21426.47.910.4%8.7%0.02–minus 33.1%
SHIVACEMShiva Cement12.98minus 0.84%383–141.4−1.8%9.3%––minus 22.7%
Median of 7 peers–0.67%90,56341.616.810.2%15.8%0.3811.9%−9.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
106–126121151113
108–12511113395.4
−2–0.710.818.717.3
−1.9%–0.6%8.9%12.3%15.4%
1.2–1.61.31.11
30.3–34.634.73535.3
9.9–10.710.811.211.4
––−1.7−0.2––
−40.9–−44.6−33.7−26.5−28.4
26.0%–24.0%14.9%19.3%19.6%
−30.3–−33.9−28.6−21.3−22.9
–-1.11-1.15-0.97-0.72-0.77

Profit & loss

Yearly, ₹ crore
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
–347311434
––minus 10.4%+39.8%
–306317420
−9.940.8−6.114.1
–11.8%−2.0%3.3%
0.3−6.24.43.7
12.894.8113130
5931.542.141.8
−27.20−5.1−1.9
−109−91.6−162−156
25.9%25.4%12.1%19.4%
−80.5−68.3−142−126
-3.85-3.27-4.87-4.26

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
83.883.8104104
−207−275−45.3−171
1,2311,3591,3451,619
284374298363
1,3911,5421,7011,915
1,0051,1811,3051,492
981150241345
34.734.734.435.3
1.28.431.8
−63016811841.4
1,3911,5421,7011,915

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−110253−56.584.9
−342−254−210−232
4488.2261146
−3.47.2−5.1−1.2
−350−254−212−236
−459−1.5−268−151

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company.

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you