Stock Price Movement and Market Context
On 2 Feb 2026, Shiva Cement Ltd’s share price hit Rs.19.01, the lowest level recorded in the past year. This represents a steep decline from its 52-week high of Rs.42.74, translating to a year-on-year loss of 48.59%. The stock underperformed its sector by 3.6% on the day, while the broader Sensex index rebounded strongly, gaining 0.34% to trade at 81,001.31 points after an initial negative opening.
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish momentum. In contrast, the Sensex, despite trading below its 50-day moving average, maintains a positive technical setup with its 50-day average above the 200-day average, supported by gains in mega-cap stocks.
Financial Performance and Fundamental Assessment
Shiva Cement Ltd’s financial metrics reveal ongoing challenges. The company’s debt-equity ratio stands at a notably high 39.12 times, indicating a substantial leverage burden that weighs on its long-term fundamental strength. Over the past five years, net sales have grown at an annualised rate of 70.65%, yet operating profit has remained stagnant, showing no growth over the same period.
Profitability has deteriorated, with profits falling by 46.9% over the last year. The company’s EBITDA has been negative, further underscoring the financial strain. Despite a quarterly net sales peak of Rs.126.09 crores reported in December 2025, this has not translated into improved profitability or market confidence.
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Market Position and Investor Sentiment
Shiva Cement Ltd’s market capitalisation grade is rated at 4, reflecting its micro-cap status within the cement sector. The company’s Mojo Score is 23.0, with a Mojo Grade of Strong Sell as of 25 Aug 2025, an upgrade from the previous Sell rating. This grading reflects the company’s weak long-term fundamentals and elevated risk profile.
Domestic mutual funds hold no stake in Shiva Cement Ltd, which may indicate limited institutional confidence or a cautious stance given the company’s financial and operational profile. The stock has consistently underperformed the BSE500 index over the past three years, reinforcing its relative weakness in comparison to broader market peers.
Comparative Performance and Sectoral Context
Over the last year, Shiva Cement Ltd’s stock return of -48.59% contrasts sharply with the Sensex’s positive 4.51% gain, highlighting the company’s divergence from broader market trends. The cement sector itself has seen mixed performance, with larger-cap peers generally faring better amid improving demand and pricing conditions.
The company’s high leverage and negative EBITDA position it at a disadvantage relative to competitors with stronger balance sheets and more consistent profitability. This has contributed to the stock’s persistent underperformance and its recent fall to the 52-week low.
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Summary of Key Metrics
To summarise, Shiva Cement Ltd’s key financial and market indicators as of early February 2026 are as follows:
- 52-week low price: Rs.19.01
- 52-week high price: Rs.42.74
- One-year stock return: -48.59%
- Debt-Equity Ratio: 39.12 times
- Net Sales (Quarterly high): Rs.126.09 crores (Dec 2025)
- Mojo Score: 23.0 (Strong Sell)
- Market Cap Grade: 4
- Profit decline over past year: -46.9%
- Trading below all major moving averages
Conclusion
Shiva Cement Ltd’s fall to a 52-week low of Rs.19.01 reflects a continuation of its subdued market performance and financial pressures. The company’s elevated leverage, stagnant operating profit growth, and negative EBITDA have contributed to its weak fundamental standing. Despite a recent quarterly sales peak, the stock remains under significant pressure, trading well below key technical levels and lagging behind sector and benchmark indices.
Investors and market participants will note the company’s consistent underperformance relative to the BSE500 and Sensex over multiple years, alongside the absence of domestic mutual fund holdings. These factors collectively underscore the challenges faced by Shiva Cement Ltd in regaining market traction.
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