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Sahyadri Industries Ltd

SAHYADRI
NSE
255.94
0.46%
Last Updated:
30 Apr '26, 4:00 PM
Company Overview
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Sahyadri Industries Ltd

SAHYADRI
NSE
255.94
0.46%
30 Apr '26, 4:00 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
280Cr
Close
Close Price
255.94
Industry
Industry
Cement Products
PE
Price To Earnings
12.33
PS
Price To Sales
0.44
Revenue
Revenue
636Cr
Rev Gr TTM
Revenue Growth TTM
4.61%
PAT Gr TTM
PAT Growth TTM
16.69%
Peer Comparison
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SAHYADRI
VS

Quarterly Results

Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
167225120135154217106131151215125145
Growth YoY
Revenue Growth YoY%
25.718.16.39.7-7.8-3.5-12.0-3.2-1.6-1.217.910.7
Expenses
ExpensesCr
15219810812314019397123139194116132
Operating Profit
Operating ProfitCr
152813121424981320913
OPM
OPM%
8.712.210.59.29.011.28.96.18.49.47.29.1
Other Income
Other IncomeCr
111111111211
Interest Expense
Interest ExpenseCr
333332122111
Depreciation
DepreciationCr
666666666666
PBT
PBTCr
720545173161447
Tax
TaxCr
251114101412
PAT
PATCr
515434122141135
Growth YoY
PAT Growth YoY%
-46.7-30.7-35.0-33.0-9.3-17.3-49.1-76.0-0.5-13.840.4554.0
NPM
NPM%
2.86.73.12.42.85.81.80.62.85.02.23.4
EPS
EPS
4.313.83.52.93.911.41.80.73.99.82.54.5

Profit & Loss

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
438363258270297284472542594634605636
Growth
Revenue Growth%
-17.1-28.94.69.8-4.266.114.99.56.8-4.65.0
Expenses
ExpensesCr
401334217206228238380442513568551581
Operating Profit
Operating ProfitCr
3729426468469210081665455
OPM
OPM%
8.47.916.123.623.016.319.518.513.710.59.08.7
Other Income
Other IncomeCr
112432643445
Interest Expense
Interest ExpenseCr
14201611855591175
Depreciation
DepreciationCr
132923211814141524242525
PBT
PBTCr
11-194364528798552352630
Tax
TaxCr
4-8111132172314978
PAT
PATCr
7-113243227626237261923
Growth
PAT Growth%
-253.2127.5714.730.6-16.7132.10.2-40.0-28.9-26.216.8
NPM
NPM%
1.6-3.01.29.010.89.313.111.46.34.23.23.6
EPS
EPS
7.4-11.43.325.533.427.864.556.533.924.117.820.8

Balance Sheet

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
101010101010101111111111
Reserves
ReservesCr
1059497121153175236293324349367379
Current Liabilities
Current LiabilitiesCr
22014789105567112413217016015196
Non Current Liabilities
Non Current LiabilitiesCr
9511196545652103251401412
Total Liabilities
Total LiabilitiesCr
429362291290274308379469557560543498
Current Assets
Current AssetsCr
18113697119119162230269321310300259
Non Current Assets
Non Current AssetsCr
248226194171156146149199236250243240
Total Assets
Total AssetsCr
429362291290274308379469557560543498

Cash Flow

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
2561562557305011175854
Investing Cash Flow
Investing Cash FlowCr
-38-9-15-2-34-30-33-45-34-11
Financing Cash Flow
Financing Cash FlowCr
9-53-54-28-572-192229-22-46
Net Cash Flow
Net Cash FlowCr
-4002-2-11012-3
Free Cash Flow
Free Cash FlowCr
-14545624552838-54-301635
CFO To PAT
CFO To PAT%
347.4-559.51,856.0103.0180.1114.180.417.045.1219.2276.9
CFO To EBITDA
CFO To EBITDA%
66.8211.9133.539.584.165.354.010.520.687.099.0

Ratios

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
665010823517465274407324373236
Price To Earnings
Price To Earnings
9.70.036.19.65.52.54.57.58.714.112.1
Price To Sales
Price To Sales
0.10.10.40.90.60.20.60.80.60.60.4
Price To Book
Price To Book
0.60.51.01.81.10.31.11.51.01.00.6
EV To EBITDA
EV To EBITDA
6.26.24.95.03.22.63.54.85.57.35.7
Profitability Ratios
Profitability Ratios
GPM
GPM%
43.942.542.950.852.648.149.149.046.341.743.8
OPM
OPM%
8.47.916.123.623.016.319.518.513.710.59.0
NPM
NPM%
1.6-3.01.29.010.89.313.111.46.34.23.2
ROCE
ROCE%
8.90.310.021.425.313.828.623.213.29.87.3
ROE
ROE%
6.2-10.62.818.719.614.425.220.311.17.35.1
ROA
ROA%
1.7-3.01.08.411.68.616.313.26.74.73.6
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Sahyadri Industries Limited (SIL), established in 1947, is a leading Indian manufacturer of integrated building solutions. As the flagship company of the Patel Group—backed by over 70 years of industrial legacy—SIL specializes in sustainable, durable, and innovative products for both interior and exterior building systems, including roofing, walling, and false ceiling applications. The company is publicly listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). SIL has evolved from a regional player into a recognized national and international brand, serving over one million customers across India and in global markets across South Asia, the Middle East, Africa, and the UK. --- ### **Core Products & Brands** Sahyadri’s comprehensive portfolio includes over **45 branded products**, with more than **20 categorized as value-added products (VAP)**. Key brands and product lines include: - **Swastik**: Premium corrugated roofing sheets, including the innovative *Swastik Sil Gold*—the industry’s first colored, designer roofing sheet with enhanced strength, thermal insulation, and resistance to weather and chemical damage. - **Cemply**: Flat cement fibre sheets compliant with IS 2096:1992 standards, widely used in residential, commercial, and industrial construction. - **EcoPro**: Sustainable, wood-free, asbestos-free fibre cement boards designed for modern architectural applications such as false ceilings, wall paneling, partitions, and furniture. Available in diverse finishes (Wood, Stone, Brick, Wave), EcoPro serves both structural and aesthetic needs. - **EcoPro S3**: A dry-construction system that eliminates the need for plastering and curing—reducing water and sand usage—ideal for hilly and remote terrains. Patent pending (Application No. 201921022801). - **SILBUILD**: Rapid construction solutions gaining global traction for speed, efficiency, and sustainability. --- ### **Manufacturing & Operations** As of November 2025, Sahyadri operates **five manufacturing plants** across four Indian states: - **Maharashtra**: Chinchwad, Kedgaon - **Gujarat**: Mahuvej - **Tamil Nadu**: Perundurai - **Andhra Pradesh**: Vijayawada Recent capacity expansions include: - **72,000 MTPA** non-asbestos cement board facility in Maharashtra (commissioned in FY25) - **120,000 MTPA** asbestos corrugated sheet plant in **Odisha**, now operational and serving East India (Jharkhand, West Bengal, Bihar, Odisha) Both projects were funded through a mix of internal accruals and debt (₹95 crore each), with production timelines met as scheduled. The company maintains strong control over innovation through **in-house design and manufacturing of production machinery**, enhancing operational efficiency and agility. All plants and headquarters are certified under: - **ISO 9001:2015** (Quality Management) - **ISO 14001:2015** (Environmental Management) - **ISO 45001:2018** (Occupational Health & Safety) --- ### **Market Presence & Distribution** - **Domestic Reach**: Strong foothold in **9–11 Indian states**, including Maharashtra, Gujarat, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, and growing presence in Chhattisgarh and Odisha. - **Geographic Expansion Goals**: Strategic push into **North and East India** to transition from a western/southern-focused player to a **pan-India presence within 3–5 years**. - **Distribution Network**: Over **3,000 dealers and distributors** nationwide, supported by branded retail studios—**Swastik Studio** and **EcoPro Studio**—to enhance consumer engagement and promote VAPs. - **International Footprint**: Exports to **5+ countries** in South Asia, the Middle East, Africa, and the UK. --- ### **Sustainability & Innovation** Sahyadri is committed to environmentally responsible construction: - Products incorporate **30% fly ash** from thermal power plants, reducing landfill waste. - **No brick usage** in construction systems, conserving natural resources. - **Water and sand savings** through dry-construction systems like EcoPro S3. - **Renewable Energy Involvement**: Operates **nine windmills** in Maharashtra and Rajasthan, generating incremental, stable revenue and showcasing commitment to sustainable energy. --- ### **Recent Developments (as of Nov 2025)** - Successful commissioning of new production lines in **Maharashtra (non-asbestos boards)** and **Odisha (asbestos sheets)**. - Continued momentum in VAP adoption and retail studio rollout. - Ongoing R&D in **smart, modular, and green construction systems** to meet evolving urban and eco-conscious demand. - **EcoPro** gaining traction in design-driven projects across urban and semi-urban India. ---