Recent Price Movement and Market Context
On 24 Nov 2025, Shiva Cement’s stock price touched Rs.22.22, the lowest level recorded in the past year. This price point comes after six consecutive sessions of decline, during which the stock has delivered a cumulative return of -9.56%. The day’s performance showed a further dip of 2.95%, underperforming the Cement & Cement Products sector by 2.58%. This contrasts with the broader market, where the Sensex opened 88.12 points higher and was trading at 85,363.74, up 0.15% on the day. The Sensex itself is nearing its 52-week high of 85,801.70, supported by a three-week consecutive rise and bullish moving averages.
Shiva Cement’s current trading levels are below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained bearish trend. This technical positioning highlights the stock’s struggle to regain momentum amid prevailing market conditions.
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Financial Performance and Long-Term Trends
Over the past year, Shiva Cement’s stock has recorded a return of -47.61%, significantly lagging behind the Sensex, which has shown a positive return of 7.88% during the same period. The stock’s 52-week high was Rs.46, indicating a near 52% reduction from that peak. This prolonged underperformance is also reflected in the company’s financial metrics.
Net sales have shown an annual growth rate of 64.04% over the last five years, yet operating profit has remained flat, indicating limited expansion in profitability despite revenue gains. The company’s earnings before interest, depreciation, taxes and amortisation (EBITDA) have been negative, contributing to a cautious market assessment. Profits have declined by 51% over the past year, further underscoring the challenges faced by the business.
Shiva Cement’s debt profile is a notable concern, with a debt-to-equity ratio standing at 39.12 times, indicating a high leverage position. This level of indebtedness weighs on the company’s long-term fundamental strength and financial flexibility. The operating profit to interest coverage ratio for the latest quarter was 0.13 times, reflecting limited capacity to comfortably service interest obligations from operating earnings.
Shareholding and Market Position
Despite the company’s size, domestic mutual funds hold no stake in Shiva Cement, which may reflect a cautious stance from institutional investors. The stock has consistently underperformed the BSE500 index over the last three annual periods, reinforcing its relative weakness within the broader market.
Recent Quarterly Highlights
The latest six-month period saw net sales of Rs.187.72 crores, representing a growth rate of 27.58%. The company reported its highest quarterly PBDIT at Rs.4.01 crores, which, while positive, remains modest relative to the scale of operations and debt levels. The operating profit to interest ratio, though at its highest quarterly level, remains below 1, indicating ongoing pressure on earnings relative to interest expenses.
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Sector and Market Comparison
The Cement & Cement Products sector has shown mixed performance, with mid-cap stocks leading gains in the broader market. The BSE Mid Cap index recorded a gain of 0.21% on the day Shiva Cement hit its 52-week low. Meanwhile, the Sensex’s positive momentum and proximity to its yearly high highlight a divergence between the broader market and Shiva Cement’s share price trajectory.
Shiva Cement’s current market capitalisation grade is low, reflecting its diminished valuation relative to peers. The stock’s risk profile is elevated due to its high leverage and negative EBITDA, factors that contribute to its cautious market standing.
Summary of Key Metrics
To summarise, Shiva Cement’s stock price at Rs.22.22 represents a significant low point within the last 52 weeks, following a sustained period of price decline and underperformance relative to the sector and benchmark indices. The company’s financial indicators reveal a complex picture of revenue growth offset by stagnant operating profits, high debt levels, and constrained earnings capacity. These factors collectively contribute to the current market valuation and trading patterns observed.
Investors and market participants will note the contrast between Shiva Cement’s performance and the broader market’s upward trend, underscoring the differentiated challenges faced by the company within its sector.
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