Total Volumes (FY26)
6.1M tons
+11% YoY
Full year volumes grew 11% YoY, in line with expectations.
SAGARCEMENTS
Manufacturing
13 May 2026
Sagar Cements Ltd — Q4 FY26
Sagar Cements reported a strong Q4 FY26 with 20% YoY revenue growth and PAT of ₹100 crore.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Sagar Cements reported a strong Q4 FY26 with 20% YoY revenue growth and PAT of ₹100 crore. Volumes grew 8% YoY to 6.1 million tons for the full year, driven by resilient infrastructure and rural demand. EBITDA per ton improved sharply to ₹445 from ₹218 in Q4 FY25, aided by cost efficiencies and favorable pricing in the non-trade segment. Management guided for 7 million tons volume in FY27, supported by capacity expansions at Jiraabad and Andhra Cements. However, rising petcoke and coal prices pose a risk, with an estimated cost impact of ₹100-150 per ton expected from mid-Q2 FY27. The company is also pursuing land monetization in Visakhapatnam, targeting ₹350 crore over two years.
Key Numbers
EBITDA per ton (Q4 FY26)
₹445
+104% YoY
EBITDA per ton more than doubled from ₹218 in Q4 FY25.
Volume Guidance (FY27)
7M tons
+15% YoY
Management expects 7 million tons volume in FY27, driven by capacity additions.
Land Monetization (Visakhapatnam)
₹350Cr
N/A
Expected proceeds of ₹350 crore over 18-24 months from land sale.
Management Guidance
Volume target of 7 million tons for FY27
Management expects total volumes of around 7 million tons in FY27, driven by capacity expansions and demand growth.
Management guidance growthEBITDA per ton to reach ~₹600 in FY27
Management expects EBITDA per ton to improve to around ₹600 in the current year, driven by cost savings from recent investments.
Management guidance marginsCost savings of ~₹100 per ton from internal efficiencies
The company has penciled in ₹100 per ton savings from cost optimization initiatives, offsetting input cost increases.
Management guidance marginsLand sale proceeds of ₹150 crore in FY27
Management expects to receive around ₹150 crore from the Visakhapatnam land sale in the current financial year.
Management guidance otherKey Risks
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.
high · management_commentaryWorking 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.
medium · analyst_questionExecution 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.
medium · analyst_questionDelay in land monetization
The Visakhapatnam land sale is contingent on a government order, which is still awaited; any delay could impact deleveraging plans.
medium · management_commentaryNotable Quotes
We do not chase market share. We actually conserve the cash... that is our philosophy and that remains.
With the current prices remaining flat, I think we should be close to that number (₹600 EBITDA/ton). It's primarily on account of the savings that we are getting from the investments that we have made so far.
The super fines sell up of ₹30,000 per ton... that's the delta. But volumes typically would be very very low.
Frequently Asked Questions
What was Sagar Cements's revenue in Q4 FY26?
Sagar Cements reported revenue of ₹787 Cr in Q4 FY26, representing a +20% change compared to the same quarter last year.
What guidance did Sagar Cements management give for FY27?
Volume target of 7 million tons for FY27: Management expects total volumes of around 7 million tons in FY27, driven by capacity expansions and demand growth. EBITDA per ton to reach ~₹600 in FY27: Management expects EBITDA per ton to improve to around ₹600 in the current year, driven by cost savings from recent investments. Cost savings of ~₹100 per ton from internal efficiencies: The company has penciled in ₹100 per ton savings from cost optimization initiatives, offsetting input cost increases. Land sale proceeds of ₹150 crore in FY27: Management expects to receive around ₹150 crore from the Visakhapatnam land sale in the current financial year.
What are the key risks for Sagar Cements in FY27?
Key risks include 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.; 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..
Did Sagar Cements meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Sagar Cements Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.