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Shree Cement Ltd share Price Today

Company details

27,320.45
27,870.00
23,451.00
30,737.75
6M Return -1.37%
1Y Return 16.40%
Mkt Cap.(Cr) 99,463.59
Volume 25,287
Div Yield 0.38%
OI
-
OI Chg %
-
Volume 25,287

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About The Stock

    Shree is the third largest cement group in India with domestic cement capacity of 46.4 MT as of FY22. In the past four years, it has diversified itself from being a 100% north player to a player with capacities now in Rajasthan, Uttarakhand, Bihar, Chhattisgarh, Haryana, Uttar Pradesh, Karnataka and Odisha.

    • It also has a presence in the UAE with integrated cement capacity of 4 MT and 3.3 MT clinker (located near port in Ras-Al-Khaimah)
    • Proximity to end user market, use of split grinding units and power capacity of 742 MW (Including 211 MW WHRS) makes it most efficient player in the Industry.
Q3FY23 Results:

    Shree Cements’ operational results broadly remained in line. However, its net profit missed estimates due to higher depreciation charge.

    • Net revenues were up 14.6% YoY to ₹ 4068.8 crore (vs. I-direct estimate:
      ₹ 4167.2 crore)
    • EBITDA/tonne came in at ₹ 882/t (down 30% YoY, up 25.6% QoQ), in line with I-direct estimate of EBITDA/t ₹ 864/t
    • Further, higher depreciation led to PAT de-growth of 43.7% YoY to ₹ 276.7 crore vs. I-direct estimated profit of ₹ 308 crore

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Research view on more stocks

Cement & Cement Products company Shree Cements announced Q4FY24 & FY24 results:

  • Q4FY24 net revenue up YoY by 7% from Rs 4,785 crore to Rs 5,101 crore, annual turnover zooms by 16% to Rs 19,586 crore
  • Q4FY24 total sale volume increased YoY by 8% from 8.83 million tonnes to 9.53 million tonnes, annual volume at 35.5 million tonnes with 12% growth
  • EBIDTA (without Other Income) went up YoY by 49% from Rs 892 crore to Rs1,327 crore. This is the highest ever EBIDTA delivered by the Company.
  • Annual EBIDTA also reaches highest ever level of Rs 4,364 crore

Neeraj Akhoury, Managing Director, Shree Cement said, “Our strong financial performance reflects our sharp focus on operational efficiencies while expanding our capacity through green and brownfield projects. This is complemented by our digital transformation, which is driving us forward, streamlining our operations and empowering our people with data-driven decision-making capabilities.”

He added, “I am happy to see the enthusiastic market response to our consolidation of all products under the master brand ‘Bangur’, which, along with diversifying into Ready Mix Concrete, marks a significant step in our journey towards becoming a multi-product player in the core cement business. We are today well-positioned to contribute significantly to India’s vision of world-class infrastructure.”

Result PDF

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Shree Cement Ltd shares SWOT Analysis

Strengths (10)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth

Weakness (0)

Data not found

Opportunity (0)

Data not found

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 27,851.0
R2 28,135.3
R3 28,400.6
Pivot

27,585.73

S1 27,301.5
S2 27,036.2
S3 26,751.9
EMA SMA
27,594.5
27,076.2
26,663.4
26,295.7
27,708.0
26,906.8
26,094.0
26,560.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 27635.15 26774 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 27635.15 26774 BSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 22864 17710 NSE
Name Category Shares
Harimohan Bangur PROMOTER 1.35%
Prashant Bangur PROMOTER 1.08%
Shree Capital Services Ltd PROMOTER 24.9%
Digvijay Finlease Limited PROMOTER 11.74%
Mannakrishna Investments Pvt Ltd PROMOTER 5.66%
Newa Investments Pvt Ltd PROMOTER 3.81%
Ragini Finance Private Limited PROMOTER 3.52%
Didu Investments Pvt Ltd PROMOTER 3.25%
N.B.I. Industrial Finance Company Ltd PROMOTER 2.35%
The Venktesh Co Ltd PROMOTER 1.28%
Rajesh Vanijya P Ltd PROMOTER 1.02%
The Didwana Investment Company Limited PROMOTER 0.91%
Asish Creations Private Limited PROMOTER 0.58%
Western India Commercial Co Ltd PROMOTER 0.56%

OUR RESEARCH VIEW

Investment recommendation
Call Date
10 Feb 2023
Entry Price 24,000.00
Target Price 28,500.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Shree Cement Ltd Stocks COMPARISON

Financials( in Cr) Shree Cement Ltd UltraTech Cement Ltd Ambuja Cements Ltd ACC Ltd Dalmia Bharat Ltd
Price 27,566.75 11,673.05 686.40 2,614.15 1,812.20
% Change 0.30 2.02 1.55 1.37 2.29
Mcap Cr 99,463.59 336,997.45 169,068.76 49,090.34 33,987.45
Revenue TTM Cr 20,520.98 70,908.14 33,159.64 19,958.92 14,691.00
Net Profit TTM Cr 2,396.16 7,003.96 4,738.01 2,336.53 853.00
PE TTM 41.37 47.90 50.97 22.76 36.84
1 Year Return 16.40 39.08 55.96 38.19 -5.04
ROCE 14.58 14.96 16.49 18.62 7.01
ROE 12.18 12.23 12.95 15.34 5.33
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 20,702.92 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 3,555.27 41,445.87
LAST 3M 81,242.17 56,953.52
LAST 6M 176,360.83 56,552.99
LAST 12M 304,497.96 86,223.40

Shree Cement Ltd Information

Stock PE (TTM)
41.37
Promoter Holding
62.55%
Book Value
5737.9411
ROCE
14.58%
ROE
12.18%
Description
  • Shree Cement Ltd is in the Chemical sector is having a market capitalization worth Rs. 95,816.88 crores, it is incorporated in the year 1979. It has reported consolidated sales of Rs. 4,589.73 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500387, and also listed on the National Stock Exchange (NSE) with the code SHREECEM.

    Shree Cement has a total of nine grinding units and four integrated units. Shree Cement is an energy-conscious entity. It is taking strides towards utilizing sustainable energy options in its production process. The company has established a production capacity of 43.4 MTPA (metric ton per annum). Along with cement production, it has also developed a power generation capacity of 752 MW, out of which 244 MW is renewable in nature. Shree Cement has a widespread network of 25,860 dealers in the country. Shree Cement has set up a base of 6,259 employees. Shree Cement has almost doubled its EPS in a span of five years. The promoters of the company own 62.55% of the stake, Foreign Institutional Investors (FII) own 13.02%, Domestic Institutional Investors (DII) own 10.48% stake in the company, and others (such as public & retail investors) hold the balance of 13.95%.

    In June 2021, quarterly net revenue was Rs. 3,449.49 crores, which has increased by approximately 47.90 % from Rs. 2,332.39 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 661.72 crores, which has improved sharply and increased by nearly 78.46% from a net profit of Rs. 370.8 crores in June 2020. In June 2021, the reported operating profit was at Rs. 3,040.55 crores, which is also increased by 44.17% as compared to an operating profit of Rs. 2,109.05 crores for the quarter ending in June 2020. From an EPS of Rs. 102.77 in June 2020, the EPS of Shree Cement Ltd has risen to an EPS of Rs. 183.4 per share in June 2021. SHREECEM's stock closed at Rs. 26,556.05 on 26th August’2021 (NSE). Shree Cement Ltd has returned 3.26% negatively in the last six months and returned 23.36% positively in the previous year.

Registered Address

Bangur Nagar, P B No 33 Beawar, Ajmer, Rajasthan, 305901

Tel : 91-1462-228101-06/228101
Email : shyam.khandelwal:shreecement.com
Website : http://www.shreecement.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500387
NSE Code : SHREECEM
Book Closure Date (Month) :
BSE Group : A
ISIN : INE070A01015

FAQ’s on Shree Cement Ltd Shares

You can buy Shree Cement Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Shree Cement Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 26, 2024 03:48 PM the closing price of Shree Cement Ltd was Rs.27,566.75.

The latest PE ratio of Shree Cement Ltd as of Jul 26, 2024 03:48 PM is 41.37

The latest PB ratio of Shree Cement Ltd as of Jul 26, 2024 03:48 PM is 0.21

The 52-week high of Shree Cement Ltd share price is Rs. 30,737.75 while the 52-week low is Rs. 23,451.00

According to analyst recommendations, Shree Cement Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 26, 2024 03:48 PM, the market cap of Shree Cement Ltd stood at Rs. 99,463.59 Cr.

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