SHIVAM CEMENTS LTD

Manu.& Pro.Mid Cap

NPR 702.00

NPR +15+2.18%

09:14 AM NPT · Sep 24, 2026

Est. 2003 · Siddhartha Insurance Bhawan, 2nd Floor, Anamnagar, Kathmandu, Nepal · CEO: Mr. Sajan Devkota

Shivam Cements Limited is one of Nepal’s largest and most technologically advanced cement manufacturers, known for delivering premium-quality OPC and PPC cement to the nation’s construction and infrastructure sectors. Established with a vision to produce world-class cement within Nepal, the company operates an integrated cement plant equipped with state-of-the-art European machinery, automated production systems, and modern quality-control laboratories. Headquartered in Kathmandu, Shivam Cements is the first cement manufacturer in Nepal to bring in complete foreign investment, partnering with Hongshi Group of China to form a high-capacity industrial venture. With its own clinker production facility, efficient manufacturing processes, and high-grade raw materials sourced from Nepal, the company ensures consistent product quality, durability, and strength. Shivam Cements has become a trusted brand in large-scale construction projects, hydropower, highways, commercial complexes, and residential developments. Supported by a strong distribution network across Nepal, the company emphasizes sustainability, innovation, and operational efficiency while contributing significantly to national industrial growth and employment generation. As a publicly listed company on the Nepal Stock Exchange (NEPSE), Shivam Cements Limited continues to expand its market presence, modernize its production capabilities, and strengthen its reputation as a leading force in Nepal’s cement industry.

shivamcement.com.np/facebook

Trading

Open

689.00

High

705.00

Low

686.10

Prev Close

687.00

Volume

513,243

Turnover

Rs 358,109,181.4

Txns

1,641

Valuation · Q4 FY25/26

EPS Ann.

14.03

EPS TTM

14.03

BVPS

188.76

P/E Ann.

50.04

P/E TTM

50.04

Graham #

244.10

Capital

Mkt Cap

38.31 Arab

Total

5.46 Crore

Public

5.46 Crore

Promoter

0.0

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Strong Sell

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Very Strong

Momentum

RSI (14)

78.37

ADX

62.96

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

663.87

SMA 50

648.91

Bands & Channels

BB Width %

13.25%

Volume & Flow

OBV

3,203,378

Flow Analysis

[ Live 2026-09-24 ]

Total Buy

1,513,545

Shares Bought

Total Sell

1,513,545

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 54%

Distribution 46%

Accumulators

Quantity

382,750

Amount

264,768,542

Avg Rate

691.75

Rank

Brokers

#14#77#58#74

Distributors

Quantity

327,317

Amount

226,438,330

Avg Rate

691.80

Rank

Brokers

#28#65#49#42#36

Net Flow Impact:

+55,433units

(Rs. 38,330,212)

Net Flow by Timeframe

SHIVM — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 1,550,810 ]

Buy Side

Total: 926,653

Broker

QTY

AVG

NET

149,865

691.48

+91,924

9.9%

110,303

691.59

+53,133

7.3%

92,461

691.51

+32,493

6.1%

73,958

692.86

+32,499

4.9%

71,050

694.28

+60,160

4.7%

65,666

690.04

+27,447

4.3%

62,057

692.95

+26,579

4.1%

51,532

689.43

+38,154

3.4%

49,148

690.27

+16,178

3.3%

42,205

691.23

+30,112

2.8%

40,901

697.54

+4,309

2.7%

39,149

689.36

+721

2.6%

26,767

698.18

+2,189

1.8%

26,762

698.08

+14,184

1.8%

100

24,829

691.24

+10,068

1.6%

Sell Side

Total: 624,157

Broker

QTY

AVG

NET

127,168

690.98

-122,003

8.4%

54,611

693.60

-29,279

3.6%

54,333

691.29

-52,295

3.6%

54,200

692.69

-27,754

3.6%

50,553

690.52

-21,465

3.3%

37,005

691.42

-23,867

2.4%

36,045

693.51

-14,181

2.4%

28,395

693.52

-2,743

1.9%

27,871

693.17

-139

1.8%

27,847

691.98

-20,951

1.8%

27,782

691.98

-21,527

1.8%

26,487

694.86

-23,293

1.8%

24,357

690.79

-22,842

1.6%

24,290

690.70

-14,644

1.6%

23,213

691.06

-19,103

1.5%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Assets
Non-current Assets
Intangible Assets	393.01	11303.88	200.18	0	-96.52%
Property, Plant and Equipment	3,964,355	3,885,989	3,606,677	0	+2.02%
Investments	5,264,489	4,886,417	4,704,489	0	+7.74%
Prepayments	0.00	0.00	0.00	0	-
Advances	0.00	0.00	0.00	0	-
Deferred Tax Assets	0.00	0.00	0.00	0	-
Others Non-Current Assets	60,482	37,123	34,464	0	+62.92%
Total Non-Current Assets	9,289,719	8,820,833	8,345,830	0	+5.32%
Current Assets
Inventories	2,209,913	1,735,417	1,871,476	0	+27.34%
Trade Receivables	664,318	819,967	1,129,101	0	-18.98%
Income Tax Receivable	0.00	0.00	13718.72	0	-
Cash and Cash Equivalents	750,189	1,051,817	440,488	0	-28.68%
Other Current Assets	158,015	170,243	158,068	0	-7.18%
Total Current Assets	3,782,436	3,777,444	3,612,852	0	+0.13%
Total Assets	13,072,155	12,598,277	11,958,682	0	+3.76%
Equity And Liabilities
Equity
Paid Up Capital	5,593,229	5,456,809	5,027,000	0	+2.50%
Reserves and Surpluses	4,964,337	4,832,990	4,475,032	0	+2.72%
Non-Controlling Interest	0.00	0.00	0.00	0	-
Total Equity	10,557,566	10,289,799	9,502,032	0	+2.60%
Liabilities
Non-Current Liabilities
Retirement Benefit Obligation	0.00	0.00	0.00	0	-
Deferred Tax Liability	203,205	200,342	141,918	0	+1.43%
Borrowing	3,195	13,900	3,959	0	-77.01%
Provisions and Payables	0.00	0.00	0.00	0	-
Total Non-Current Liabilities	206,400	214,242	145,876	0	-3.66%
Current Liabilities
Borrowing	3,195	13,900	3,959	0	-77.01%
Trade Payables	1,607,460	1,522,272	1,708,718	0	+5.60%
Provisions and Payables	0.00	0.00	0.00	0	-
Income Tax Payables	5,437	0	0	0	-
Other Current Liabilities	549,844	436,055	521,193	0	+26.10%
Total Current Liabilities	2,308,189	2,094,236	2,310,774	0	+10.22%
Total Liabilities	2,514,589	2,308,478	2,456,650	0	+8.93%
Total Equity and Liabilities	13,072,155	12,598,277	11,958,682	0	+3.76%

Sector Peers — Manu.& Pro. (18)

Peer Comparison

Manu.& Pro. SECTOR — NEPAL

2025/2026 Q4

NPR/Millions

Statement

Highlight

TICKER	Market				Key Ratios
	Price	Chg	Chg%	Mkt Cap (M)	Account Payable Days	Account Payable Ratio	Account Receivable Days	Account Receivable Ratio	Asset Turnover	Book Value Per Share	Current Ratio	Debt to Equity	EPS (Annualized)	EPS (TTM)	Graham's Number	Interest Coverage	Inventory Days	Inventory Turnover Ratio	Net Profit Margin	P/B	P/E (Annualized)	P/E (TTM)	P/S	Quick Ratio	ROA (Annualized)	ROA (TTM)%	ROCE	ROE (Annualized)	ROE (TTM)%	Tax Burden
BNL	14,244.7	0	0%	0.03	59.84	6.1	38.22	9.55	0.89	3,460.17	1.26	0.9	450.71	450.71	5,923.64	11.67	118.51	3.08	7.39	4.09	31.39	32.91	2.32	0.8	6.6	6.6%	16.78	13.92	13.92%	71.34
BNT	12,001	+69.2	+0.58%	0.01	36.03	10.13	29.34	12.44	1.03	3,470.17	0.97	0.94	544.86	544.86	6,522.43	15.34	114.78	3.18	7.59	3.35	21.31	22.85	1.62	0.46	7.83	7.83%	19	17.05	17.05%	81.23
ECL	1,296.1	-2.73	-0.21%	0	80.75	4.52	299.18	1.22	0.42	116.63	5.35	0.19	7.38	-	-	3.04	222.56	1.64	12.81	-	-	-	-	4.42	5.33	-	9.17	6.32	-	79.47
GCIL	401.3	+26.5	+7.07%	0.02	-	-3.73	78.83	4.63	0.21	165.73	0.66	1.57	-6.13	-6.13	-	-	-	-2.05	-6.51	2.05	-55.46	-61.39	3.61	0.35	-1.39	-1.39%	5.88	-3.63	-3.63%	-
HDL	1,312	+33.75	+2.64%	0.05	35.64	10.24	81.11	4.5	0.85	141.43	9.37	0.11	32.71	32.71	322.63	0.26	181.59	2.01	27.59	8.06	34.85	37.42	9.62	7.85	23.31	23.31%	32.73	25.69	25.69%	73.86
NLO	271.3	+30.08	+12.47%	0	78.33	4.66	162.95	2.24	1.4	559.45	1.45	1.38	78.19	-	-	23.86	144.27	2.53	4.43	0.64	3.45	-	0.27	0.9	6.2	-	22.07	15.03	-	79.99
OMPL	870	-4.99	-0.57%	0.01	-	-	-	-	0.14	98.04	1.32	1.61	-6.29	-6.29	-	353	103.99	3.51	-17.96	8.98	-139.9	-143.8	25.13	1.23	-2.56	-2.56%	5.16	-6.23	-6.23%	-
PCIL	633	+22	+3.6%	0.02	18.27	19.98	38.22	9.55	0.46	129.15	3.19	1.13	1.07	-	-	89.43	130.36	2.8	0.83	4.61	556.07	-	4.68	1.13	0.38	-	4.46	0.82	-	88.12
RSML	2,754	+31.04	+1.14%	0.05	-	-36.2	51.12	7.14	0.72	503.32	2.07	0.46	21	21	487.67	-134.66	-	-4.4	3.81	5.9	141.43	131.29	5.39	1.22	2.76	2.76%	6.31	4.66	4.66%	84.85
SAGAR	1,608	+17.97	+1.13%	0.01	154.01	2.37	1,013.89	0.36	0.14	119.96	2.1	0.77	-7.89	-	-	-	282.95	1.29	-27.28	13.49	-205.07	-	55.97	1.87	-3.72	-	-4.47	-6.57	-	-
SAIL	993.5	+20.53	+2.11%	0.02	52.37	6.97	116.61	3.13	0.59	108.23	2.22	0.73	1.09	-	-	72.78	160.79	2.27	0.98	7.74	768.81	-	7.57	1.15	0.58	-	4.47	1.01	-	79.36
SAPIL	1,348.9	+15.86	+1.19%	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SARBTM	825.7	+13.56	+1.67%	0.04	34.56	10.56	90.35	4.04	0.65	199.82	1.11	0.59	21.2	21.2	308.73	15.28	101.11	3.61	10.79	3.86	36.42	38.44	3.93	0.67	7	7%	14.26	10.8	10.8%	82.4
SONA	434.9	+30.91	+7.65%	0.01	63.7	5.73	114.78	3.18	0.3	200.81	1.46	1.49	10.96	10.96	222.53	52.59	306.72	1.19	7.63	2	36.61	36.95	2.79	0.59	2.3	2.3%	8.69	5.6	5.6%	79.88
SOPAN	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SOPL	735	+0.07	+0.01%	0.01	114.42	3.19	598.36	0.61	0.19	121.41	7.85	0.3	2.23	-	-	49.07	66.61	5.48	7.48	6.42	349.78	-	26.17	7.46	1.41	-	4.1	1.83	-	83.99
SYPNL	1,319.8	+9.95	+0.76%	0.02	37.24	9.8	72.28	5.05	0.47	111.78	9.59	0.19	5.16	-	-	0.15	107.99	3.38	8.3	11.23	243.22	-	20.2	7.58	3.89	-	8.16	4.61	-	79.87
UNL	47,999	0	0%	0.04	191.1	1.91	65.06	5.61	1.01	5,537.13	2.37	0.52	1,712.27	1,712.27	14,605.61	1.9	122.9	2.97	19.92	8.52	27.57	28.03	5.49	1.72	20.09	20.09%	64.77	30.57	30.57%	81.36

AVG	5,238.13	18.45	2.43%	0.02	73.56	3.75	190.02	4.88	0.592	940.2	3.27	0.81	179.28	309.03	4,056.18	39.55	154.65	2.03	4.24	6.063	123.37	13.633	11.651	2.46	5	7.33%	13.85	7.59	10.94%	80.44
MED	1,296.1	17.97	1.14%	0.02	59.84	5.73	81.11	4.5	0.53	153.58	2.09	0.75	9.17	21.2	487.67	15.31	126.63	2.67	7.44	5.9	34.85	32.91	5.39	1.19	3.33	6.6%	8.43	5.13	10.8%	79.99
MAX	47,999	69.2	12.47%	0.05	191.1	19.98	1,013.89	12.44	1.4	5,537.13	9.59	1.61	1,712.27	1,712.27	14,605.61	353	306.72	5.48	27.59	13.49	768.81	131.29	55.97	7.85	23.31	23.31%	64.77	30.57	30.57%	88.12
MIN	271.3	-4.99	-0.57%	0	18.27	-36.2	29.34	0.36	0.14	98.04	0.66	0.11	-7.89	-6.29	222.53	-134.66	66.61	-4.4	-27.28	0.64	-205.07	-143.8	0.27	0.35	-3.72	-2.56%	-4.47	-6.57	-6.23%	71.34