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Shree Cement Ltd share Price Today

Company details

25,201.45
25,861.70
22,605.60
30,737.75
6M Return -2.57%
1Y Return -1.96%
Mkt Cap.(Cr) 91,974.62
Volume 19,756
Div Yield 0.39%
OI
-
OI Chg %
-
Volume 19,756

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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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Shree Cements announced Q3FY24 results:

  • Net revenue went up YoY by 20% from Rs 4,069 crore to Rs 4,901 crore.
  • Total sale volume increased YoY by 11% from 8.03 million tonnes to 8.89 million tonnes.
  • Capacity utilization improved from 72% to 77% on a YoY basis.
  • EBIDTA up YoY 74% from Rs 708 crore to Rs 1,234 crore.
  • Sale of premium products rose to 9.5% vis-à-vis 7.2% of total trade sales on a YoY basis.
  • The Board of Directors in today’s meeting declared an interim dividend of Rs 50/- per share for the year 2023-24.

Commenting on the performance, Neeraj Akhoury, Managing Director, Shree Cement said, “Shree Cement is executing a comprehensive performance improvement plan, and we are experiencing a positive impact. Strong volume growth along with building premium products through accelerated channel expansion and softening of fuel prices has helped us to deliver a robust improvement. We have embarked upon a comprehensive re-branding program which will help us build a differentiated positioning and win consumers delight. We have commissioned Purulia and Nawalgarh plant this year and our capacity growth plans are on track.

We are confident of our potential to continue demonstrating superior performance. Our country is rapidly progressing on both housing and infrastructure, and this will provide a solid platform for India’s cement demand growth. We are fully prepared to complete our various projects to reach beyond 80 million tonnes cement production capacity by year 2028”.

Result PDF

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Shree Cement Ltd shares SWOT Analysis

Strengths (8)

  • Company with high TTM EPS Growth
  • Strong QoQ EPS Growth in recent results
  • Companies with rising net profit margins - quarterly as well as TTM basis

Weakness (6)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (0)

Data not found

Threats (2)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 25,834.8
R2 26,178.4
R3 26,495.0
Pivot

25,518.10

S1 25,174.5
S2 24,857.9
S3 24,514.3
EMA SMA
25,762.7
26,054.8
26,274.0
26,009.6
25,591.1
26,161.2
26,838.5
25,942.7
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 25,491.15 9,652.55 608.85 2,468.30 1,952.05
% Change -0.46 -1.68 -2.69 -2.23 -1.32
Mcap Cr 91,974.62 278,656.57 133,805.50 46,351.47 36,610.31
Revenue TTM Cr 17,852.33 61,326.50 28,965.46 16,151.67 13,540.00
Net Profit TTM Cr 1,269.14 4,916.88 3,711.04 1,863.10 1,079.00
PE TTM 40.93 43.43 36.95 27.68 30.10
1 Year Return -1.96 25.42 58.41 41.78 -1.59
ROCE 8.51 12.86 21.37 18.51 7.88
ROE 7.03 9.62 15.43 13.80 6.81
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 18,636.40 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,771.53 7,735.64
LAST 3M 82,392.14 52,275.07
LAST 6M 132,482.07 84,624.18
LAST 12M 206,189.80 211,987.34

Shree Cement Ltd Information

Stock PE (TTM)
40.93
Promoter Holding
62.55%
Book Value
5403.2585
ROCE
8.51%
ROE
7.03%
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) : Jul
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 Apr 12, 2024 04:05 PM the closing price of Shree Cement Ltd was ₹ 25,491.15.

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 Apr 12, 2024 04:05 PM, the market cap of Shree Cement Ltd stood at ₹ 91,974.62.

The latest PE ratio of Shree Cement Ltd as of Apr 12, 2024 04:05 PM is 40.93

The latest PB ratio of Shree Cement Ltd as of Apr 12, 2024 04:05 PM is 0.21

The 52-week high of Shree Cement Ltd share price is ₹ 30,737.75 while the 52-week low is ₹ 22,605.60

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

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