Sagar Cements

Q4 FY26

Sagar Cements Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹163

Market cap₹2.3K Cr

Updated23 Aug 2026

Read4 min read

The short version

Targeting 7 million tonnes volume for FY 2027, indicating ~15% growth over previous year. The company targets volume growth to 7 million tonnes in FY '27, a 15-16% increase driven by ramp-up at Jeerabad and Andhra plants.

From Sagar Cements's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Targeting 7 million tonnes volume for FY 2027, indicating ~15% growth over previous year.
Expecting 7% year-on-year volume growth in the current quarter, aligned with annual target.
Growth driven by ramp-up of Jeerabad plant (additional 0.5 million tonnes capacity) and Andhra Cements capacity expansion.
Markets served are expected to grow between 12% to 15%, but company is conservatively factoring partial market growth.
Price increases of approximately ₹25 per bag sustained since April, supporting revenue growth.

2 more points management made on revenue & sales performance

Profitability & Margins

The company targets volume growth to 7 million tonnes in FY '27, a 15-16% increase driven by ramp-up at Jeerabad and Andhra plants.
EBITDA per tonne is expected to reach close to ₹600 in the current year due to cost efficiencies and operational improvements.
Operating margins are anticipated to improve from previous years as Andhra plant stabilizes and new efficiencies come online.
Maintenance CapEx is pegged around ₹50 crore annually, with ₹190 crore pending CapEx for ongoing projects, partially funded via lease/equipment finance to optimize cash flow.
Cost pressures from fuel and packaging are expected to be manageable with improved clinker fuel efficiency and commissioning of new VRM in September 2026.

2 more points management made on profitability & margins

See what Sagar Cements said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Pending CapEx of ₹190 crore for three ongoing projects, funded partly through lease finance and equipment/lease finance options.
Total FY 2027 CapEx including maintenance estimated sub ₹240 crore, excluding land sale proceeds.
CapEx pending for Andhra expansion (~₹140 crore), expected completion by September 2026.
Jeerabad expansion (~₹33 crore) and waste heat recovery at Gudipadu (~₹17 crore) expected completed by end of Q1 FY 2027.
Accelerated solar investments with short payback included in CapEx plans.
Maintenance CapEx estimated around ₹50 crore annually across units.

- Board approved new division "Superfine Building Materials" targeting advanced building materials segment, capitalizing on GGBS and fly ash for sustainable construction. - Strategic land monetization planned for Vizag land valued around ₹350 crore, expected realization over 18-24 months. These investments are expected to enhance operational efficiencies, support expansion, and improve margin profile.

2 more points management made on capital expenditure plans

Fundraising & Capital Structure

No new rights issue for Andhra Cements was done; instead, an Offer For Sale (OFS) elevated promoter group unsecured debt.
Debt levels are expected not to increase beyond current levels.
The company is focusing on paying down debt quickly with operating income.
Some ongoing CapEx projects are being financed through lease finance and equipment finance options rather than additional debt.
The promoter group's unsecured debt is part of the current debt structure related to Andhra project funding.

2 more points management made on fundraising & capital structure

See what Sagar Cements said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders for Sagar Cements Limited. However, relevant operational and financial insights include: - The company targets 7 million tonnes of cement sales for the current year, indicating strong demand expectations. - There is an ongoing ramp-up at Jeerabad plant with a capacity expansion of 0.5 million tonnes and increase at Andhra Cements by 0.9 million tonnes. - Land monetization in Vizag is expected to generate ₹350 crore over 18-24 months, with ₹150 crore expected in the first year. - CapEx pending on three ongoing projects totals ₹190 crore, with plans to fund through lease finance and equipment financing.

2 more points management made on order book & pipeline

Sagar Cements — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹787 Cr, net profit ₹100 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Sagar Cements Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Sagar Cements Q4 FY26 results?

What is Sagar Cements share price analysis?

Sagar Cements currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹2,266 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sagar Cements planning capital expenditure?

Pending CapEx of ₹190 crore for three ongoing projects, funded partly through lease finance and equipment/lease finance options.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.