Buzzing stock: This small-cap cement company records the highest-ever sales volume; stocks gain over 4 per cent

This company declared a dividend of Rs 2.5 per share.

Shree Digvijay Cement Ltd produced and sold highest ever cement of over 12.5 lakh tons in the fourth quarter of FY23. The company has also obtained Environment Clearance (EC) from the Ministry of Environment, Forest, and Climate Change for capacity expansion up to 3.00 MTPA.  

On a consolidated basis, the company has reported a rise of 15.37 per cent in its net sales at Rs 195.20 crore for the fourth quarter ended March 31, 2023, as compared to Rs 169.19 crore for the same quarter in the previous year. Net sales of the company increased by 89.52 per cent at Rs 24.42 crore for Q4FY23 as compared to Rs 12.89 crore for the corresponding quarter previous year. The operating profit of the company increased by 34.28 per cent to Rs 41.05 in Q4FY23 from Rs 30.57 in Q4FY22.    

Shree Digvijay Cement Co Ltd, established on November 6, 1949, at Sikka – Jamnagar and one of the pioneers in the Cement business, is a flagship company of the Cimpor Group. Its basket of products includes special cement-like Oil Well Cement, Sulphate Resisting Portland Cement and Railway Sleeper Manufacturing Cement in addition to other varieties of Ordinary Portland Cement etc. It has a fully computer-controlled plant and a production capacity of 1.30 million tons per annum. Well connected by Road, Rail, Air, and Sea, Digvijay has its own port.  

At the closing bell on Thursday, shares of Shree Digvijay Cement ended at Rs 72.50, up by 3.32 points or 4.80 per cent from its previous closing of Rs 69.18 on the BSE.    

The scrip opened at Rs 69.98 and touched a high and low of Rs 75 and Rs 69.15 respectively. So far 1,45,160 shares were traded on the counter.