Shree Cement Ltd (SHREECEM)

Shree Cement Announces Dividend Payout - 23 Jul, 2024

Shree Cement has announced a final dividend of Rs 55 per equity share with an ex-date and record date on July 23. The company had also paid dividends of Rs 50 in February and Rs 45 and Rs 55 in June and February 2023 respectively.

Mixed News for Shree Cement Ltd Stock - 20 Jul, 2024

Shree Cement's earnings report showed an improvement in EPS over the last year, but risks remain. The company is also set to trade ex-dividend on July 23, 2024.

Shree Cement Ltd. Stock Trades Slightly Up - 18 Jul, 2024

Shares of Shree Cements Ltd. traded 0.79% up at Rs 28121.95, with a price-to-earnings ratio of 42.3 and EPS value of 663.98. The MACD signalled a bearish bias on the counter. Promoters held 62.55% stake in the company as of 30-Jun-2024.

Emkay Estimates Shree Cement's Q1 Net Profit to be Rs 437.5 Crore - 16 Jul, 2024

According to Emkay, Shree Cement is expected to report a net profit of Rs 437.5 crore in Q1 FY25, down 24.7% YoY and 33.9% QoQ. The company's net sales are expected to decrease by 2.6% YoY and 4.5% QoQ to Rs 4,870.6 crore. However, EBITDA is likely to rise by 20.7% YoY but fall by 15.2% QoQ to Rs 1,125.8 crore.

Shree Cement Reports Strong Earnings for FY 2024 - 15 Jul, 2024

Shree Cement reports strong FY 2024 earnings with a 15% YoY increase in revenue to ₹205.2b and an 89% YoY increase in net income to ₹24.0b. The stock traded 0.92% higher on the back of Q1 results.

Prabhudas Lilladher Expects Shree Cement's Q1 Net Profit to Decline - 09 Jul, 2024

According to Prabhudas Lilladher, Shree Cement is expected to report a net profit of Rs 502.6 crore in Q1 FY25, down 13.5% YoY and 24% QoQ. However, net sales are expected to increase by 1.1% YoY to Rs 5,054 crore. EBITDA is likely to rise by 33.3% YoY to Rs 1,243.5 crore.

Shree Cement Ltd Shows Strong Growth Potential - 05 Jul, 2024

Shree Cement's ROE is higher than the industry average, with a moderate 7.7% net income growth over five years. The company retains 84% of its income and reinvests profits heavily to grow its business. Analyst forecasts reveal that earnings are expected to accelerate.

Shree Cement Ltd. Trades 1.06% Up - 02 Jul, 2024

Shares of Shree Cement Ltd. traded 1.06% up at Rs 28077.15, with a price-to-earnings ratio of 42.32 and EPS value of 663.98. The MACD signalled a bullish bias on the counter. Promoters held 62.55% stake in the company as of 31-Mar-2024.

Shree Cement Expects 8-10% Industry Volume Growth for FY-25 - 01 Jul, 2024

Shree Cement's MD, Hari Mohan Bangur, expects 8-10% industry volume growth for FY-25 and an annual volume expansion of 8-10%. The company is geared up for organic growth of 80 million tonnes and will consider inorganic growth only if it meets their overall demand and expectation. The cement demand is price inelastic, and the company is more concerned about government spending all the GST collected from the industry on infrastructure.

Goldman Sachs Upgrades Shree Cement to Neutral - 27 Jun, 2024

Global brokerage Goldman Sachs has upgraded Shree Cement from Sell to Neutral and raised its target price to Rs 28,500 from Rs 26,250. The change is driven by the expectation that Shree's volume growth will align with larger peers due to recently commissioned capacity additions and a robust expansion pipeline.

Shree Cement Trading at Lower Valuation than UltraTech - 26 Jun, 2024

Shree Cement is currently trading at just 14 times EV to EBITDA on FY26 earnings, while UltraTech is at around 18 times EV to EBITDA on FY26 earnings. Ramco and Dalmia Bharat are also good candidates for getting an upward re-rating in terms of EV to EBITDA multiple.

Shree Cement Achieves 1,000 MW Installed Power Capacity - 25 Jun, 2024

Shree Cement has commissioned a 19.5 MW solar power plant at its Andhra Pradesh unit, bringing its total installed power capacity to 1,000 MW. The company aims to use the power installation to aid in cement production.

Shree Cement Achieves 1,000 MW Installed Power Capacity - 24 Jun, 2024

Shree Cement has achieved an installed power capacity of 1,000 MW through a mix of solar, wind, thermal, and waste heat recovery plants. The company invested Rs 4,000 crore to expand its renewable portfolio, which now accounts for almost half of the total power capacity. Shree Cement plans to invest an additional Rs 1,000 crore in FY25 to further boost its renewable capacity.