Shree Digvijay Cement Co. Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 15 Jul 2026 | Cement & Cement Products | Market Cap: ₹1.1K Cr
Shree Digvijay Cement expects to grow sales volumes better than the industry growth rate of 7-8%, aiming for at least 150% to 200% of market growth. The company expects volume growth of at least double digits, outpacing the industry growth of 7%-8%.
From Shree Digvijay Cement Co. Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹72.4
Market Cap
₹1.1K Cr
P/E Ratio
59.2
Revenue Rank
Margin Rank
How does Shree Digvijay Cement Co. Ltd rank in Cement & Cement Products?
Compare Shree Digvijay Cement Co. Ltd against every Cement & Cement Products company this quarter on revenue, margins and earnings-call signals.
Shree Digvijay Cement Co. Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹208 Cr, net profit ₹8 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →Shree Digvijay Cement expects to grow sales volumes better than the industry growth rate of 7-8%, aiming for at least 150% to 200% of market growth.
- →The company targets around 3 to 3.5 million tons volume for FY '27, utilizing approximately 70% of the 5.2 million ton capacity.
- →The Gujarat cement market is expanding at 6-7% year-on-year with strong demand, supported by government infrastructure projects and the upcoming Commonwealth Games 2030.
- →The company anticipates double-digit volume growth in the Saurashtra region, increasing market share from about 17% to 14-15%.
- →With the combined strength of Shree Digvijay and Hi-Bond brands and improved cost efficiencies, the company expects better sales realization and margin expansion.
- →Cement prices are expected to rise in Q1 FY '27, supporting revenue growth.
📈 Profitability & Margins
Rank 3- →The company expects volume growth of at least double digits, outpacing the industry growth of 7%-8%.
- →Volume is projected to grow from current 4.4 million tons to approximately 3 to 3.5 million tons next year, targeting about 70% utilization of 5.2 million ton capacity.
- →EBITDA from Hi-Bond Cement is expected to be positive, with an estimated INR 200-300 per ton after payment of INR 500 per ton cost plus margin.
- →Price increases of INR 30-40 per bag expected to improve profitability in Q4 FY26, along with higher sales volumes both quarter-on-quarter and year-on-year.
- →The company anticipates no supply chain disruptions impacting clinker availability, focusing more on domestic procurement amid geopolitical concerns.
- →With cost pressures likely to increase in Q1 FY27, the company expects to pass on the cost increases to customers, maintaining margins.
- →Net debt expected to reduce by about INR 25 crores next year, supporting stronger financial health.
🏗️ Capital Expenditure Plans
Yes- →No immediate capex planned at Hi-Bond level; focus currently on settling the transaction and utilizing existing combined capacity of 5.2 million tons.
- →Future expansion plans are contingent upon reaching higher utilization levels (3.5 to 4 million tons combined), after which opportunities will be explored.
- →At Digvijay Cement, expansion with a recently commissioned 1.5 million tons grinding unit completed in October; capacity utilization targeted to reach ~70% in FY '27.
- →Exploration and acquisition of limestone mines are ongoing to secure raw material, with two mines acquired recently (~20 million tons reserves).
- →Considering clinker plant addition only when grinding capacity utilization reaches 70-75%.
- →No current plan for clinker plant expansion; focus on utilizing clinker stocks and domestic purchases.
💰 Fundraising & Capital Structure
Yes- →As of March 25, 2026, Shree Digvijay Cement has taken additional debt of INR 356 crores for the Hi-Bond BDA transaction, adding to the existing rupee term loan of INR 132 crores for grinding unit expansion, totaling expected net debt of INR 485 crores by March 31, 2026.
- →The company plans to repay about INR 24-25 crores of net debt in FY '27, aiming to reduce overall net debt.
- →No specific mention of any new equity fundraising was made during the call.
- →Management focuses on settling existing transactions first before considering future expansions, which may potentially involve further funding.
- →They are confident of meeting financial covenants with current debt levels.
- →No explicit plans for fresh debt or equity raising were communicated at this time.
📋 Order Book & Pipeline
No informationKey Metrics
Revenue
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Capex
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Frequently Asked Questions
What were Shree Digvijay Cement Co. Ltd Q3 FY26 results?
Shree Digvijay Cement expects to grow sales volumes better than the industry growth rate of 7-8%, aiming for at least 150% to 200% of market growth. The company expects volume growth of at least double digits, outpacing the industry growth of 7%-8%.
What is Shree Digvijay Cement Co. Ltd share price analysis?
Shree Digvijay Cement Co. Ltd currently shows a below-average growth signal. The stock trades at a P/E of 59.2 with a market cap of ₹1,068 Cr. Investors should review the full earnings analysis for detailed insights.
Is Shree Digvijay Cement Co. Ltd planning capital expenditure?
No immediate capex planned at Hi-Bond level; focus currently on settling the transaction and utilizing existing combined capacity of 5.2 million tons.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.