# Shiva Cement share price today (Shiva Cement Ltd, NSE: SHIVACEM)

> Shiva Cement share price today: ₹12.95 at the NSE close on 3 November 2026, down 49.0% in a year. Shiva Cement (NSE: SHIVACEM) is worth ₹381 crore, trades at a P/E of 103.2 and has closed between ₹12.55 and ₹25.10 over the past 52 weeks. > Shiva Cement Ltd's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. SHIVACEM · Cement · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/shiva-cement-ltd

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## Key numbers

- Price: ₹12.95 (−49.0% in a year)
- P/E: 103.2×, too little history to compare yet
- Revenue (Jun 2026): ₹151 Cr (+42.5% on a year ago)
- Profit (Jun 2026): −₹21.0 Cr
- Operating margin: 12.0% (+13.9 points on a year ago)
- ROCE: −1%, FY26
- ROIC: 0.5%, against a 12.0% cost of capital: −11.5 points
- Profit that came in as cash: 375%, last 2 years

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Shiva Cement share price today? Shiva Cement Ltd's share price was ₹12.95 at the close on 3 November 2026. It has been falling for 56 weeks. That is 33.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹13 and ₹25, and at that close it sat 3% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 46 weeks running. Over the last 11 years the share price moved +163% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 5 September 2025. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What are Shiva Cement's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Shiva Cement reported revenue of ₹151 crore, up 42.5% from ₹106 crore a year earlier, and a loss of ₹21.0 crore. ### Shiva Cement results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹151 crore | ₹106 crore | +42.5% |
| Profit | loss of ₹21.0 crore | loss of ₹30.0 crore | n/a |
| Earnings per share | ₹−0.72 | ₹−1.03 | n/a |
| Operating margin | 12.0% | −1.9% | +13.9 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Shiva Cement share price history? Shiva Cement closed at ₹12.95 on 3 November 2026, down 49.0% from ₹25.39 a year earlier (31 October 2025) and down 63.1% over five years. Its highest weekly close since March 2016 was ₹60.48 on 13 April 2022. ### Shiva Cement share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹12.88 | +0.5% |
| 1 month ago · 1 Oct 2026 | ₹13.34 | −2.9% |
| 1 year ago · 31 Oct 2025 | ₹25.39 | −49.0% |
| 3 years ago · 3 Nov 2023 | ₹48.20 | −73.1% |
| 5 years ago · 4 Nov 2021 | ₹35.14 | −63.1% |
| 10 years ago · 4 Nov 2016 | ₹9.01 | +43.7% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹4.92 | +163.2% |
| Highest weekly close since March 2016 · 13 Apr 2022 | ₹60.48 | −78.6% |
| Lowest weekly close since March 2016 · 24 Jun 2016 | ₹4.74 | +173.2% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹25.10 | −48.4% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹12.55 | +3.2% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (542 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Shiva Cement? 3 Nov 2026: Shiva Cement closed at ₹12.95, up 0.5% on the week and down 2.9% on the month. Results for April to June 2026: Revenue up 42.5% on a year earlier. ## What dividend does Shiva Cement pay? Shiva Cement has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. No. Shiva Cement Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is Shiva Cement on? Shiva Cement is not on any of our India lists this week. ## Is Shiva Cement profitable? Shiva Cement Ltd posted a net loss of ₹21.0 Cr in the Jun 2026 quarter. The full FY26 year was a loss of ₹126 Cr. That loss is 13.9% of the quarter's revenue. The same quarter a year earlier lost ₹30.0 Cr. 12 of the last 12 reported quarters were loss-making. ## How much revenue does Shiva Cement make, and is it growing? Shiva Cement Ltd reported ₹151 Cr of revenue in the Jun 2026 quarter, +42.5% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 20.4% a year on average. The last full year, FY26, came in at ₹435 Cr. The last four reported quarters add to ₹480 Cr. FY26 revenue was ₹435 Cr, +39.9% on the year before. Recent pace: the last four quarters grew +58.7% on average, against 20.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +49.5%, against +4.0% a year over the last 8 quarters (accelerating). ## How much of every ₹100 of sales does Shiva Cement keep? Shiva Cement Ltd's operating margin was 12.0% in the Jun 2026 quarter, 13.9 percentage points higher than the same quarter a year ago. Across 12 years it has been between −261.0% and 15.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +14.2 percentage points on the year while gross margin changed +17.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Shiva Cement's profit turning into cash? Over the last 2 years, 375% of Shiva Cement Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹85.0 Cr of operating cash against −₹126 Cr of profit. After ₹44.0 Cr of spending on assets, ₹41.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Shiva Cement's cash go? Shiva Cement Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹435 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹416 Cr on assets over the last 3 years. Averaged over those years that is 31.9% of FY26 revenue a year. Spending on assets: ₹416 Cr over the last 3 years, against ₹115 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹35.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Shiva Cement's P/E ratio, and how does it compare with its own history? Shiva Cement Ltd's P/E is 103.2×, with too little history to compare. Its usual P/E (the middle reading) is 98.4×. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Shiva Cement business getting better or worse? Shiva Cement Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 8 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Shiva Cement earn on its capital? Shiva Cement Ltd earned a ROCE of −1% in FY26. That is up from a low of −9% in FY18. Its return on capital used (ROIC) is 11.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −29.0% net margin and 0.23× asset turnover (sales divided by assets). Why the return is what it is (FY26): a −29.0% net margin × 0.23× asset turnover × −28.58× leverage (assets divided by equity) ≈ 190.6% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 0.5% − 12.0% = −11.5 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 0.5% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at −1.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Shiva Cement have too much debt? Shiva Cement Ltd's net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from −18.65 in FY22 to −77.05 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Shiva Cement shareholding pattern? No group of Shiva Cement Ltd's owners changed its stake by a full percentage point over the last two years. Foreign institutions moved +0.0 points over the same period, to 0.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: +0.1 points over 8 quarters, to 66.5%; Foreign institutions: +0.0 points over 8 quarters, to 0.1%; Domestic institutions: +0.0 points over 8 quarters, to 0.1%. ## How far is Shiva Cement from balance-sheet trouble? For Shiva Cement Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Shiva Cement rank in its industry? 51.0 out of 100, rank 25 of 26 in Cement, with 48% of the evidence available. It is provisional, so it is ranked below companies with full evidence. Shiva Cement Ltd scores 51.0 out of 100 against the 26 companies it is compared with in Cement, ranking 25. Some evidence is missing, so the score is pulled toward the middle on purpose. The three scored parts add up to the total exactly: 31.8 + 6.7 + 12.5 = 51 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Shiva Cement compared with? Shiva Cement ranks 25 of 26 Cement companies on the 4-Factor Sector Score, with 51.0 out of 100. 1. [NCL Industries Ltd](https://www.sectoralpha.in/stocks/ncl-industries-ltd) NCLIND · quiet · Most evidence points up · 96% evidence 72.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.2/35 · Revenue 3.7% · Profit 100% · Operating margin change -3 points · 88% evidence Capital efficiency 18.5/25 · ROCE 14.6% · Operating margin 12% · 100% evidence Valuation 20.0/20 · P/E 5.8× · PEG 0.14 · 100% evidence Relative strength 12.7/20 · Lead over its industry 3.5% · Lead over NIFTY 500 -9.2% · 1 year -19.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.2 + 18.5 + 20 + 12.7 = 72.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Star Cement Ltd](https://www.sectoralpha.in/stocks/star-cement-ltd) STARCEMENT · basing · Most evidence points up · 81% evidence 67.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 14.5% · Profit 55.1% · Operating margin change -4 points · 88% evidence Capital efficiency 22.5/25 · ROCE 16.6% · Operating margin 21% · 100% evidence Valuation 11.9/20 · P/E 18.3× · PEG 1.12 · 100% evidence Relative strength 9.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.1% · 1 year -33.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 23.8 + 22.5 + 11.9 + 9.5 = 67.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Rain Industries Ltd](https://www.sectoralpha.in/stocks/rain-industries-ltd) RAIN · losing its lead · Evidence leans up · 71% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.3/35 · Revenue 17% · Profit 100% · Operating margin change 5 points · 83% evidence Capital efficiency 10.8/25 · ROCE 8.3% · Operating margin 19% · 76% evidence Valuation 11.0/20 · P/E 12.2× · PEG n/a · 15% evidence Relative strength 14.0/20 · Lead over its industry 39.3% · Lead over NIFTY 500 23.4% · 1 year 45.4% · 100% evidence · 9 of 12 weeks ahead Exact sum: 27.3 + 10.8 + 11 + 14 = 63.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [UltraTech Cement Ltd](https://www.sectoralpha.in/stocks/ultratech-cement-ltd) ULTRACEMCO · turning · Evidence leans up · 67% evidence 62.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.0/35 · Revenue 16.9% · Profit 21.1% · Operating margin change 0 points · 95% evidence Capital efficiency 16.9/25 · ROCE 12.7% · Operating margin 16% · 76% evidence Valuation 10.1/20 · P/E 36.6× · PEG n/a · 50% evidence Relative strength 11.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.3% · 1 year -7.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 24 + 16.9 + 10.1 + 11.2 = 62.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [JSW Cement Ltd](https://www.sectoralpha.in/stocks/jsw-cement-ltd) JSWCEMENT · basing · Evidence leans up · 60% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Revenue 19.3% · Profit 100% · Operating margin change -4 points · 95% evidence Capital efficiency 12.3/25 · ROCE 11.1% · Operating margin 15% · 76% evidence Valuation 10.4/20 · P/E 20× · PEG n/a · 15% evidence Relative strength 10.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -1.6% · 1 year -15.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 25.8 + 12.3 + 10.4 + 10.8 = 59.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Birla Corporation Ltd](https://www.sectoralpha.in/stocks/birla-corporation-ltd) BIRLACORPN · basing · Evidence leans up · 85% evidence 53.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.7/35 · Revenue 3.3% · Profit 0.6% · Operating margin change -5 points · 100% evidence Capital efficiency 12.5/25 · ROCE 9.8% · Operating margin 9% · 100% evidence Valuation 18.6/20 · P/E 11.9× · PEG 0.33 · 100% evidence Relative strength 9.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -15.4% · 1 year -34.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 12.7 + 12.5 + 18.6 + 9.4 = 53.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Shree Cement Ltd](https://www.sectoralpha.in/stocks/shree-cement-ltd) SHREECEM · basing · Evidence leans up · 100% evidence 51.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 14.3% · Profit -7.7% · Operating margin change -3 points · 100% evidence Capital efficiency 14.4/25 · ROCE 10.3% · Operating margin 17% · 100% evidence Valuation 5.4/20 · P/E 52.4× · PEG 3.8 · 100% evidence Relative strength 15.8/20 · Lead over its industry 9.7% · Lead over NIFTY 500 -3.8% · 1 year -18.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.2 + 14.4 + 5.4 + 15.8 = 51.8 · What this means: Relative strength against the index is -3.8%, and revenue and profit growth are weak. 8. [Mangalam Cement Ltd](https://www.sectoralpha.in/stocks/mangalam-cement-ltd) MANGLMCEM · losing its lead · Evidence leans up · 96% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 0.5% · Profit 90% · Operating margin change -5 points · 88% evidence Capital efficiency 10.3/25 · ROCE 11% · Operating margin 12% · 100% evidence Valuation 13.9/20 · P/E 18.6× · PEG 0.68 · 100% evidence Relative strength 14.2/20 · Lead over its industry 19.2% · Lead over NIFTY 500 5.3% · 1 year 13% · 100% evidence · 7 of 12 weeks ahead Exact sum: 13.1 + 10.3 + 13.9 + 14.2 = 51.5 · What this means: Relative strength against the index is 5.3%, and revenue and profit growth are weak. 9. [JK Lakshmi Cement Ltd](https://www.sectoralpha.in/stocks/jk-lakshmi-cement-ltd) JKLAKSHMI · quiet · Too little evidence to rank firmly · 56% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue 8.7% · Profit 0.5% · Operating margin change -4 points · 83% evidence Capital efficiency 14.4/25 · ROCE 12% · Operating margin 14% · 76% evidence Valuation 10.8/20 · P/E 14.7× · PEG n/a · 15% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -24.9% · 1 year -47.8% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.5 + 14.4 + 10.8 + 8.2 = 49.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Nuvoco Vistas Corporation Ltd](https://www.sectoralpha.in/stocks/nuvoco-vistas-corporation-ltd) NUVOCO · losing its lead · Evidence leans down · 78% evidence 49.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 10.6% · Profit 51.5% · Operating margin change 0 points · 100% evidence Capital efficiency 11.2/25 · ROCE 7% · Operating margin 15% · 100% evidence Valuation 4.9/20 · P/E 25.8× · PEG 8.14 · 65% evidence Relative strength 11.6/20 · Lead over its industry n/a · Lead over NIFTY 500 1.5% · 1 year -22.7% · 25% evidence · 5 of 12 weeks ahead Exact sum: 21.4 + 11.2 + 4.9 + 11.6 = 49.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Orient Cement Ltd](https://www.sectoralpha.in/stocks/orient-cement-ltd) ORIENTCEM · basing · Evidence leans down · 93% evidence 48.2 out of 100 Growth Capital Valuation Relative
12. [India Cements Ltd](https://www.sectoralpha.in/stocks/india-cements-ltd) INDIACEM · basing · Evidence leans down · 75% evidence 47.5 out of 100 Growth Capital Valuation Relative
13. [J K Cements Ltd](https://www.sectoralpha.in/stocks/j-k-cements-ltd) JKCEMENT · quiet · Evidence leans down · 85% evidence 47.3 out of 100 Growth Capital Valuation Relative
14. [K C P Ltd](https://www.sectoralpha.in/stocks/k-c-p-ltd) KCP · basing · Evidence leans down · 63% evidence 46.8 out of 100 Growth Capital Valuation Relative
15. [The Ramco Cements Ltd](https://www.sectoralpha.in/stocks/the-ramco-cements-ltd) RAMCOCEM · quiet · Evidence leans down · 81% evidence 44.2 out of 100 Growth Capital Valuation Relative
16. [Dalmia Bharat Ltd](https://www.sectoralpha.in/stocks/dalmia-bharat-ltd) DALBHARAT · quiet · Evidence leans down · 85% evidence 42.2 out of 100 Growth Capital Valuation Relative
17. [HeidelbergCement India Ltd](https://www.sectoralpha.in/stocks/heidelbergcement-india-ltd) HEIDELBERG · quiet · Evidence leans down · 100% evidence 41.7 out of 100 Growth Capital Valuation Relative
18. [ACC Ltd](https://www.sectoralpha.in/stocks/acc-ltd) ACC · quiet · Evidence leans down · 85% evidence 40.4 out of 100 Growth Capital Valuation Relative
19. [Ambuja Cements Ltd](https://www.sectoralpha.in/stocks/ambuja-cements-ltd) AMBUJACEM · basing · Evidence leans down · 82% evidence 35.7 out of 100 Growth Capital Valuation Relative
20. [BIGBLOC Construction Ltd](https://www.sectoralpha.in/stocks/bigbloc-construction-ltd) BIGBLOC · basing · Evidence leans down · 64% evidence 35.2 out of 100 Growth Capital Valuation Relative
21. [Sagar Cements Ltd](https://www.sectoralpha.in/stocks/sagar-cements-ltd) SAGCEM · quiet · Most evidence points down · 64% evidence 34.7 out of 100 Growth Capital Valuation Relative
22. [Deccan Cements Ltd](https://www.sectoralpha.in/stocks/deccan-cements-ltd) DECCANCE · quiet · Most evidence points down · 89% evidence 34.0 out of 100 Growth Capital Valuation Relative
23. [Saurashtra Cement Ltd](https://www.sectoralpha.in/stocks/saurashtra-cement-ltd) SAURASHCEM · quiet · Most evidence points down · 79% evidence 28.1 out of 100 Growth Capital Valuation Relative
24. [Shree Digvijay Cement Co. Ltd](https://www.sectoralpha.in/stocks/shree-digvijay-cement-co-ltd) SHREDIGCEM · quiet · Most evidence points down · 72% evidence 27.2 out of 100 Growth Capital Valuation Relative
25. Shiva Cement Ltd this page SHIVACEM · Too little evidence to rank firmly · 48% evidence 51.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 31.8/43.75 · Revenue 49.5% · Profit 22.5% · Operating margin change 13.9 points · 65% evidence Capital efficiency 6.7/31.25 · ROCE -1.4% · Operating margin 12% · 100% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 31.8 + 6.7 + 12.5 = 51 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 26. [Prism Johnson Ltd](https://www.sectoralpha.in/stocks/prism-johnson-ltd) PRSMJOHNSN · basing · Too little evidence to rank firmly · 49% evidence 44.2 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Cement](https://www.sectoralpha.in/sectors/cement), all 26 compared on one page. ## Which companies are close to Shiva Cement in size? Shiva Cement is the 26th largest of 26 Cement companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Sagar Cements, Shree Digvijay Cement Co., NCL Industries, Deccan Cements, BIGBLOC Construction and Saurashtra Cement. It is the smallest. ### Cement companies close in size

1. [Sagar Cements Ltd](https://www.sectoralpha.in/stocks/sagar-cements-ltd) ₹1,608 crore
2. [Shree Digvijay Cement Co. Ltd](https://www.sectoralpha.in/stocks/shree-digvijay-cement-co-ltd) ₹750 crore
3. [NCL Industries Ltd](https://www.sectoralpha.in/stocks/ncl-industries-ltd) ₹715 crore
4. [Deccan Cements Ltd](https://www.sectoralpha.in/stocks/deccan-cements-ltd) ₹654 crore
5. [BIGBLOC Construction Ltd](https://www.sectoralpha.in/stocks/bigbloc-construction-ltd) ₹511 crore
6. [Saurashtra Cement Ltd](https://www.sectoralpha.in/stocks/saurashtra-cement-ltd) ₹503 crore
7. Shiva Cement Ltd ₹456 crore

[All 26 Cement companies, largest first](https://www.sectoralpha.in/sectors/cement#all-companies)

### Companies close in size in other industries

1. [Bhatia Communications & Retail (India) Ltd](https://www.sectoralpha.in/stocks/bhatia-communications-retail-indialtd) ₹456 crore · Trading
2. [Oswal Agro Mills Ltd](https://www.sectoralpha.in/stocks/oswal-agro-mills-ltd) ₹456 crore · Trading
3. Shiva Cement Ltd ₹456 crore
4. [ACS Technologies Ltd](https://www.sectoralpha.in/stocks/acs-technologies-ltd) ₹454 crore · IT - Software
5. [Giriraj Civil Developers Ltd](https://www.sectoralpha.in/stocks/giriraj-civil-developers-ltd) ₹454 crore · Infra - Construction & Contracting

## What else do people ask about Shiva Cement? ### What is Shiva Cement's share price today? Shiva Cement Ltd's share price is ₹12.95, −49.0% over the past year. The whole company is worth ₹381 Cr on the market. In the last 52 weeks it traded between ₹13 to ₹25; today it is 3% of the way up from the low, 33.3% below its 200-day average (as of 3 November 2026). ### What were Shiva Cement's latest quarterly results? Shiva Cement Ltd reported revenue of ₹151 Cr and a net loss of ₹21.0 Cr for the Jun 2026 quarter. Earnings per share were −₹0.72. The operating margin was 12.0%, 13.9 percentage points higher than a year earlier (as of 3 November 2026). ### What is Shiva Cement's market cap? Shiva Cement Ltd's market capitalisation is ₹381 Cr at a share price of ₹12.95. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Shiva Cement performing? Shiva Cement Ltd's share price has been falling for 56 weeks. Over the past 13 weeks it has done worse than the NIFTY 500, for 46 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Shiva Cement's share price go up? This page does not forecast Shiva Cement Ltd's share price. What it shows instead: the share price is ₹12.95, and it has been falling for 56 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Does Shiva Cement have too much debt? No, Shiva Cement Ltd has little debt: its debt is −25.97× its equity, and its operating profit is 0 times its interest bill. FY26 borrowings were ₹1,740 Cr against equity of −₹67.0 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Shiva Cement in its business cycle? Shiva Cement Ltd's FY26 operating margin was 3.1%, against a 12-year range of −261.0% to 15.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 12.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Shiva Cement story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Shiva Cement a stock worth studying right now? What the numbers show: Shiva Cement Ltd's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.