Rising petcoke and coal prices
Petcoke prices have risen from ~$120 to $136-140 CIF, potentially adding ₹100-150 per ton to costs from mid-Q2 FY27.
SAGARCEMENTS / bear-case history
Track the concerns that keep returning.
Sagar Cements · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Working capital pressure from extended credit days
Working capital days increased significantly due to extended credit to customers and higher fuel inventory, which may persist with volume growth.
Execution risk on volume guidance
The company has missed volume guidance in prior years due to pricing discipline; achieving 7 million tons depends on demand and pricing stability.
Delay in land monetization
The Visakhapatnam land sale is contingent on a government order, which is still awaited; any delay could impact deleveraging plans.