Stock Price Movement and Market Context
On 25 Feb 2026, Shiva Cement Ltd’s share price reached Rs.18.02, the lowest level recorded in the past year. This represents a sharp decline from its 52-week high of Rs.42.74, translating to a drop of approximately 57.8%. The stock’s performance today was broadly in line with the Cement & Cement Products sector, which has seen mixed movements amid a generally positive market environment.
Notably, the stock has recently reversed a 10-day streak of consecutive declines, registering a slight gain of 0.33% on the day. However, it continues to trade below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum.
In contrast, the broader market has shown resilience. The Sensex opened 304.20 points higher and further climbed by 280.97 points to close at 82,811.09, up 0.71%. The index remains within 4.04% of its 52-week high of 86,159.02, supported by gains in mega-cap stocks. Despite this positive backdrop, Shiva Cement’s stock has lagged significantly.
Financial Performance and Fundamental Metrics
Shiva Cement’s financial indicators highlight several areas of concern. The company’s market capitalisation grade stands at 4, reflecting its relatively modest size within the sector. Its Mojo Score is 17.0, with a Mojo Grade of Strong Sell, an upgrade from a previous Sell rating on 25 Aug 2025, indicating deteriorating fundamentals.
One of the most pressing issues is the company’s high leverage. Shiva Cement carries a debt-equity ratio of 39.12 times, an exceptionally elevated level that points to significant financial risk and weak long-term fundamental strength. This high debt burden constrains the company’s flexibility and increases vulnerability to interest rate fluctuations and credit market conditions.
Over the past five years, the company’s net sales have grown at an annual rate of 70.65%, which is a positive indicator of top-line expansion. However, operating profit growth has stagnated at 0%, suggesting that increased sales have not translated into improved profitability. Furthermore, the company has reported negative EBITDA, underscoring challenges in generating earnings before interest, taxes, depreciation, and amortisation.
Our current Stock of the Month is out! This Large Cap from Automobiles - Passenger Cars emerged as the single best opportunity from our elite universe. Get the details now!
- - Current monthly selection
- - Single best opportunity
- - Elite universe pick
Comparative Performance and Market Position
Shiva Cement’s stock has underperformed the benchmark indices consistently. Over the last year, it has delivered a return of -43.63%, while the Sensex has gained 10.97% over the same period. This underperformance extends to the BSE500 index, with Shiva Cement lagging behind in each of the past three annual periods.
Despite the company’s size, domestic mutual funds hold no stake in Shiva Cement. Given their capacity for detailed research and due diligence, this absence of institutional interest may reflect reservations about the company’s valuation or business prospects.
The stock’s valuation metrics also indicate elevated risk. It is trading at levels considered risky relative to its historical averages, with profits declining by 46.9% over the past year. This combination of falling earnings and high leverage contributes to the stock’s Strong Sell rating.
Recent Quarterly Results
In the quarter ending December 2025, Shiva Cement reported net sales of Rs.126.09 crores, the highest quarterly figure recorded by the company. While this top-line growth is a positive development, it has yet to translate into improved profitability or a reversal of the stock’s downward trend.
Holding Shiva Cement Ltd from Cement & Cement Products? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Summary of Key Concerns
The stock’s fall to Rs.18.02 highlights several ongoing challenges for Shiva Cement Ltd. The combination of a high debt-equity ratio, stagnant operating profit growth, negative EBITDA, and consistent underperformance against benchmarks has weighed heavily on investor sentiment. Despite recent sales growth, the company’s financial metrics and market positioning continue to reflect significant headwinds.
Trading below all major moving averages and with a Strong Sell Mojo Grade, the stock remains under pressure in a market environment where the broader indices and sector peers have shown relative strength. The absence of domestic mutual fund holdings further underscores the cautious stance of institutional investors towards the company.
While the company’s latest quarterly sales figures indicate some positive momentum, the overall financial profile and market performance suggest that Shiva Cement Ltd faces considerable challenges in regaining investor confidence and improving its valuation metrics.
Limited Period Only. Start at Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Get 71% Off →
