Shri Keshav Cements
Manufacturing · 1 quarter tracked · source-linked performance and management context.
Latest revenue
₹38.69 Cr
financial record pending verification
Quarters tracked
1
source records in the directory
Delivery assessment
Unscored
No scored management commitments are present yet.
Call date
2026-02-10
latest available source date
Signal trajectory
0 actual quartersCurrent read
Unscored
No scored management commitments are present yet.
Latest source read
What changed this quarter?
Shri Keshav Cements delivered a strong Q3 FY26 with total income of ₹38.69 crore (+33% YoY) and EBITDA of ₹10.5 crore (+63% YoY), driven by a new kiln stabilization, 32% volume growth (vs. -3% southern industry), and captive solar power providing a structural cost advantage. EBITDA margin expanded 477 bps YoY to 27.68%, despite flat realizations and 20% petcoke cost inflation. Management guided for FY26 exit capacity utilization of ~40% and FY27 target of 45-55%, with potential to reach 60% if market improves. Debt reduced 15% to ₹159 crore. Key risk: sustained price competition in the oversupplied southern market could pressure margins if utilization ramp-up stalls.
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Signal
Positive
Revenue
₹38.69 Cr
Source date
2026-02-10
Across the record
Quarter history.
History modules