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Shree Cement Ltd share Price

Company details

6M Return 10.20%
1Y Return 13.92%
Mkt Cap.(Cr) 92,320.27
Volume 54,929
Div Yield 0.40%
OI Chg %
Volume 54,929

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About The Stock

    Shree is the third largest cement group in India with domestic cement capacity of 43.4MT as of FY21. In the past 4 years, it has diversified itself from being 100% North player to the player with capacities now in Rajasthan, Uttarakhand, Bihar, Chhattisgarh, Haryana, Uttar Pradesh, Karnataka and Odisha.

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

Q3FY22 Results

    The performance remained ahead of our estimates.

    • Revenue were up 7.3% YoY on sustained higher realisations. Volumes were down 8.6% YoY on unseasonal rains and transporters strike in East.
    • EBITDA/t of ₹1260/t were down 17.1% YoY due to sharp rise in the fuel costs. Although, it was marginally above our estimates
    • PAT was down 21.4% YoY to ₹492.0 crore (vs I-direct est ₹457.5 crore.
    • Domestic sales volumes were at 6.55MT (down 8.6% YoY, up 4% QoQ) while blended realisations were higher by 17.4% YoY, 16.4% QoQ to ₹5,423/tonne.
    • Capacity utilisation stood at 60.4% vs 70.9% in Q3FY21.
    • Cost of production were higher by 34% YoY to ₹4,162/t led by sharp rise in the power & fuel expenses (up 59% YoY, 23.5% QoQ).  
    • Though, EBITDA/t were lower by 17.1% YoY to ₹1,260/t, it remained higher than our estimated EBITDA/t of ₹1,202/t.
    • The Board reappointed Mr. Prashant Bangur as Joint MD of the company for a further five years. It has also announced an interim dividend of ₹45/share.

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Shree Cements Ltd.

Q4FY23 Quarterly Result Announced for Shree Cements Ltd.

Shree Cements announced Q4FY23 results:

  • Net revenue up QoQ by 18% from Rs 4,069 crore to Rs 4,785 crore
  • Total sale volume increased QoQ by 10% from 8.03 million tonnes to 8.83 million tonnes
  • EBIDTA (without Other Income) went up QoQ by 26% from Rs 708 crore to Rs 892 crore
  • Proportion of premium products sales against total trade cement sales was 7.5% in Q4FY23 vs 7.2% in Q3FY23
  • The Board of Directors of the company has declared a second interim dividend of Rs 55 per share (550%) for FY23

Neeraj Akhoury, Managing Director, Shree Cement, said, “Shree Cement has delivered a robust set of revenue & EBITDA growth while strongly pursuing our journey to remain the greenest cement company with world-class performance indicators. We are driving prioritized initiatives to increase green power, usage of alternative fuels, and process automation combined with advanced digitalization of the operations to deliver superior performance. The improved performance during this quarter is testimony to such initiatives amidst the challenge of managing high fuel costs. Our resolve to step up actions on strengthening brand equity is under execution and we are confident to deliver volume growth with focus on premium cement creating enhanced value for our customers.”

He added that “We continue to execute sharp action plans to reach beyond 80 million tons cement capacity in the coming years. Our growth plan will add significant value to our business and provide opportunities for all our stakeholders.”



Result PDF

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Investment recommendation

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


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Shree Cement Ltd Stocks COMPARISION


Equity Capital: 17,460.28 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 943.10 32,637.51
LAST 3M 17,174.81 50,737.17
LAST 6M 66,045.02 26,732.81
LAST 12M 121,409.17 72,523.78
SHREE CEMENT LIMITED - Analysts/Institutional Investor Meet/Con. Call Updates

May 29, 2023 l NSE Announcement


May 23, 2023 l NSE Announcement

Board of Shree Cement recommends dividend

May 23, 2023 l BSE Announcement

Date Action Type Ratio
Jun 01, 2023 Dividend 550
Feb 16, 2023 Dividend 450
Jul 13, 2022 Dividend 450

Shree Cement Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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 : shreebwr:shreecement.com
Website : http://www.shreecement.in

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500387
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 May 30, 2023 04:01 PM the closing price of Shree Cement Ltd was ₹ 25,586.95.

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 May 30, 2023 04:01 PM, the market cap of Shree Cement Ltd stood at ₹ 92,320.27.

The latest PE ratio of Shree Cement Ltd as of May 30, 2023 04:01 PM is 71.7

The latest PB ratio of Shree Cement Ltd as of May 30, 2023 04:01 PM is 0.20

The 52-week high of Shree Cement Ltd is ₹ 27,049.00 while the 52-week low is ₹ 17,865.20

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

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