Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Shiva Cement
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 0 | 0 | 104 | 98 | 145 | 97 | 51 | 58 | 106 | 106 | 82 | 126 | 121 |
| Expenses + | 12 | 3 | 93 | 93 | 120 | 88 | 59 | 66 | 110 | 108 | 78 | 125 | 111 |
| Operating Profit | -12 | -3 | 12 | 5 | 25 | 9 | -9 | -8 | -3 | -2 | 4 | 1 | 11 |
| OPM % | 11% | 5% | 17% | 9% | -17% | -14% | -3% | -2% | 5% | 1% | 9% | ||
| Other Income + | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | -0 | 1 |
| Interest | 4 | 2 | 31 | 38 | 30 | 28 | 26 | 31 | 30 | 30 | 31 | 35 | 35 |
| Depreciation | 27 | 2 | 8 | 11 | 10 | 11 | 12 | 10 | 10 | 10 | 10 | 11 | 11 |
| Profit before tax | -42 | -6 | -26 | -44 | -15 | -29 | -45 | -46 | -42 | -41 | -36 | -45 | -34 |
| Tax % | -25% | -26% | -26% | -26% | -23% | -26% | -26% | -25% | 27% | -26% | -10% | -24% | -15% |
| Net Profit + | -31 | -5 | -19 | -32 | -12 | -22 | -34 | -34 | -53 | -30 | -33 | -34 | -29 |
| EPS in Rs | -1.06 | -0.16 | -0.66 | -1.10 | -0.40 | -0.73 | -1.14 | -1.15 | -1.80 | -1.03 | -1.11 | -1.15 | -0.97 |
Financials of Shiva Cement
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 66 | 68 | 22 | 25 | 29 | 32 | 28 | 3 | 0 | 347 | 311 | 435 |
| Expenses + | 57 | 58 | 28 | 34 | 36 | 39 | 38 | 13 | 13 | 308 | 317 | 422 |
| Operating Profit | 10 | 9 | -6 | -8 | -7 | -7 | -9 | -9 | -13 | 39 | -6 | 14 |
| OPM % | 15% | 14% | -26% | -33% | -24% | -21% | -33% | -261% | -131,100% | 11% | -2% | 3% |
| Other Income + | 0 | 0 | -11 | -10 | 0 | -1 | 3 | -10 | -24 | 2 | 2 | 4 |
| Interest | 3 | 4 | 8 | 14 | 15 | 15 | 15 | 9 | 13 | 101 | 115 | 131 |
| Depreciation | 4 | 5 | 6 | 8 | 8 | 8 | 8 | 7 | 59 | 31 | 42 | 42 |
| Profit before tax | 3 | 1 | -30 | -40 | -29 | -31 | -29 | -35 | -109 | -92 | -162 | -156 |
| Tax % | 9% | 100% | -32% | -22% | -27% | -25% | -25% | -26% | -26% | -25% | -12% | -19% |
| Net Profit + | 2 | 0 | -20 | -31 | -21 | -23 | -22 | -26 | -80 | -68 | -142 | -126 |
| EPS in Rs | 0.09 | 0.00 | -0.69 | -1.05 | -0.72 | -0.77 | -0.74 | -0.87 | -2.73 | -2.32 | -4.83 | -4.26 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Shiva Cement
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 40 | 40 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 59 | 59 |
| Reserves | 60 | 61 | 43 | 12 | -9 | -33 | -56 | -82 | -162 | -231 | -0 | -81 |
| Borrowings + | 45 | 48 | 76 | 130 | 138 | 155 | 247 | 802 | 1,334 | 1,468 | 1,460 | 1,696 |
| Other Liabilities + | 26 | 35 | 28 | 24 | 35 | 50 | 73 | 139 | 180 | 265 | 183 | 242 |
| Total Liabilities | 170 | 183 | 186 | 204 | 202 | 211 | 302 | 898 | 1,392 | 1,542 | 1,701 | 1,915 |
| Fixed Assets + | 111 | 118 | 153 | 147 | 142 | 135 | 128 | 112 | 35 | 1,034 | 1,126 | 1,220 |
| CWIP | 7 | 7 | 0 | 1 | 1 | 6 | 31 | 464 | 905 | 138 | 113 | 21 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 53 | 58 | 33 | 57 | 59 | 71 | 143 | 323 | 451 | 370 | 463 | 675 |
| Total Assets | 170 | 183 | 186 | 204 | 202 | 211 | 302 | 898 | 1,392 | 1,542 | 1,701 | 1,915 |
Financials of Shiva Cement
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 9 | 14 | 35 | -59 | -5 | -11 | -4 | -113 | -110 | 253 | -56 | 85 |
| Cash from Investing Activity + | -17 | -12 | -40 | -11 | -3 | -6 | -75 | -362 | -342 | -254 | -210 | -232 |
| Cash from Financing Activity + | 8 | -2 | 6 | 70 | 8 | 17 | 86 | 479 | 448 | 8 | 261 | 146 |
| Net Cash Flow | -0 | -0 | 0 | 0 | 0 | -0 | 7 | 4 | -3 | 7 | -5 | -1 |
| Free Cash Flow | -8 | 2 | -6 | -71 | -8 | -18 | -84 | -475 | -459 | -1 | -268 | -151 |
| CFO/OP | 98% | 153% | -615% | 714% | 70% | 162% | 47% | 1,249% | 833% | 651% | 887% | 636% |
Financials of Shiva Cement
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 82 | 83 | 21 | 61 | 37 | 16 | 24 | 3 | 291,635 | 0 | 1 | 0 |
| Inventory Days | 143 | 138 | 299 | 782 | 303 | 494 | 511 | 1,550 | 24,546 | 226 | 288 | 232 |
| Days Payable | 36 | 28 | 240 | 480 | 179 | 279 | 327 | 697 | 41,230 | 294 | 282 | 257 |
| Cash Conversion Cycle | 190 | 192 | 79 | 362 | 160 | 232 | 208 | 856 | 274,951 | -67 | 7 | -26 |
| Working Capital Days | 47 | 28 | -941 | 47 | -1,697 | -1,880 | -636 | -4,320 | -4,252,980 | -158 | -98 | -302 |
| ROCE % | 5% | 3% | -7% | -9% | -8% | -9% | -7% | -2% | -7% | 1% | -3% | -1% |
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