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Shree Cement Ltd (SHREECEM)


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Q1 '23 Results
News and Events

Overview of Shree Cement Ltd

What's happening in Shree Cement Ltd

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    Today's Timeline - 21 Sep

    06:21 AM


    Shree Cement confirms participation in UP International Trade Show.

    10:24 AM


    Bernstein downgrades Shree Cement to 'underperform' and reduces target price, citing limited room for improvement in operating margins due to rising coal inflation.

Key events for Shree Cement Ltd

  • Shree Cement Downgraded by Bernstein - 21 Sep, 2023

    Shree Cement Ltd's stock is downgraded to 'underperform' by Bernstein brokerage with a reduced target price due to limited room for improvement in operating margins. The company has confirmed its participation in the UP International Trade Show.

  • Shree Cement Plans Private Placement of NCDs - 20 Sep, 2023

    Shree Cement Ltd is planning to raise Rs 700 crore through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis as part of its Rs 7,000-crore capital expenditure plan. The company's board will consider approving the issuance of NCDs on September 25.

  • Shree Cement Ltd Closes at ₹26,467.4 on BSE - 18 Sep, 2023

    Shree Cement Ltd's stock opened at ₹26,401 and closed at ₹26,467.4 on the Bombay Stock Exchange (BSE) with a trading volume of 1,114 shares. The stock reached a high of ₹27,100 and a low of ₹26,397.45 during the day.

  • Shree Cement's Proposed NCDs Rating Reaffirmed by CARE Ratings - 14 Sep, 2023

    CARE Ratings has reaffirmed the proposed Non-Convertible Debentures (NCDs) rating of Shree Cement Ltd for Rs 700 crore as CARE AAA; Stable.

  • BSE Largecap Index Rises 2%, Led by Gains in Shree Cement - 09 Sep, 2023

    Shree Cement Ltd's stock saw gains as the BSE largecap index rose 2% on September 9, led by gains in several companies including Shree Cement.

  • Mixed Sentiments for Shree Cement Stock - 06 Sep, 2023

    Shree Cement's share price is over Rs 25,000 apiece. Only 12 out of 44 analysts have a BUY rating on the stock. Despite this, investors have been heavily buying the stock after it took price hikes.

  • Shree Cement Sees Upgrades and Gains - 05 Sep, 2023

    Nomura upgrades Shree Cement's rating to Buy and raises its target price per share. The stock also sees a significant gain of over 6%.

  • Shree Cement Receives Upgrade and Inaugurates Grinding Unit - 04 Sep, 2023

    Shree Cement receives upgrade from Nomura, inaugurates new grinding unit, explores acquisitions, and reports Q1 profits.

  • Analysis of Shree Cement's Debt Management - 23 Aug, 2023

    An article analyzes the balance sheet strength and debt management ability of Shree Cement Limited.

  • Ultratech and Shree Cement Report Higher Quarterly Profit - 07 Aug, 2023

    Shree Cement Ltd's larger rival, Ultratech Cement, reported a higher quarterly profit due to strong demand. No unique news related to Shree Cement.

  • Shree Cement Faces Allegations of Tax Fraud and Acquisition Exit - 05 Aug, 2023

    Shree Cement Ltd faced allegations of tax fraud worth at least ₹23,000 crore following an Income Tax raid. The company also reportedly exited acquisition talks with Sanghi Industries.

  • Shree Cement Withdraws from Capacity Addition Race - 03 Aug, 2023

    Shree Cement Ltd has withdrawn from the FY26 capacity addition race to focus on its own expansion plans. The company had earlier announced a formal capacity addition along with Dalmia Bharat.

  • Shree Cement Accelerates Growth Plans - 31 Jul, 2023

    Shree Cement's subsidiary, Shree Cement East, starts commercial production at clinker grinder unit in West Bengal. The company also reported Q1FY24 results, approved an investment worth Rs 7,000 crore for increasing capacity, and ventured into the RMC business.

  • Shree Cement Announces Capacity Expansion Plans - 28 Jul, 2023

    Shree Cement Ltd announces a fresh capacity expansion of clinker/cement capacity by 7.3 million tonne per annum (mtpa)/12mtpa spread across North, Central and South regions with an estimated capex of Rs7000 crore to be completed by Q4FY25. However, the company's Q1FY24 earnings were impacted by weak prices in key markets and elevated input costs.

  • Shree Cement Reports Strong Q1 Results Amid Tax Survey - 27 Jul, 2023

    Shree Cement reports strong Q1 results with a jump in standalone net profit and revenue. The company denies any wrongdoing amid an ongoing tax survey. Stock crosses 200-day SMA.

  • Shree Cement Reports Over Two-Fold Jump in Net Profit - 26 Jul, 2023

    Shree Cement's Q1FY24 standalone net profit rose 84% YoY to Rs 581 crore. The company proposed capacity expansion worth Rs 7,000 crore. Shares climbed 3%. Consolidated net profit was up over two-fold at Rs 571.94 crore.

  • Shree Cement Chairman Becomes Richest Person in West Bengal - 23 Jul, 2023

    Benu Gopal Bangur, Chairman of Shree Cement, has a net worth of Rs 55,000 crore, making him the richest person in West Bengal. The company is currently worth Rs 86,750 crore and led by his son Har Mohan Bangur.

  • Shree Cement Receives Inspection Order Amid Tax Evasion Allegations - 20 Jul, 2023

    Shree Cement withdraws from Sanghi Cement acquisition, receives inspection order from Ministry of Corporate Affairs following allegations of tax fraud worth Rs 23,000 crore.

  • Shree Cement Receives Inspection Order from MCA - 19 Jul, 2023

    Shree Cement has received an inspection order from the Ministry of Corporate Affairs under Section 206(5) of the Companies Act, 2013. The company will comply with the directions.

  • Shree Cement Faces Allegations of Tax Evasion - 27 Jun, 2023

    Shree Cement Ltd faces allegations of tax evasion amounting to Rs 23,000 crore, which the company has refuted. The news caused a drop in share prices, but they later rose after the company dismissed the reports.

Analyst Rating

based on 40 analysts


Based on 40 analysts offering long term price targets for Shree Cement Ltd. An average target of ₹23717.15

Source: S&P Global Market Intelligence

Shree Cement Ltd Performance

  • ₹25950
    downward going graph



    Day's Volatility:2.09%



    downward going graph
  • ₹20150
    downward going graph



    52 Weeks Volatility:26.50%



    downward going graph
1 Month Return10.58 %
3 Month Return1.74 %
1 Year Return18.54 %
Previous Close₹26,107.75
Market Cap₹94,198.71Cr

Shree Cement Ltd Company Information

Shree Cement Ltd is one of the leading cement manufacturers in India. Incorporated in 1979, the company is engaged in the production and sale of cement and clinker. Its operations span across India, the UAE, Bahrain, Bangladesh, and Sri Lanka.

Shree Cement is known for its high-quality products, which include Portland Pozzolana Cement, Ordinary Portland Cement, and Portland Slag Cement. The company also produces Ready Mix Concrete, Fly Ash, and GGBS. Its popular brands include Bangur Cement, Rockstrong Cement, Shree Concreel HD, and Shree Ultra.

Share Price: ₹26293.60 per share as on 21 Sep, 2023 04:01 PM
Market Capitalisation: ₹94,198.71Cr as of today
Revenue: ₹5,245.91Cr as on March 2023 (Q1 23)
Net Profit: ₹525.77Cr as on March 2023 (Q1 23)
Listing date: 12 Jan, 1995
Chairperson Name: H M Bangur
OrganisationShree Cement Ltd
E-voting on sharesClick here to vote

Fundamentals of Shree Cement Ltd

Insights on Shree Cement Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.


    Profit Spike

    Netprofit is up for the last 3 quarters, 183.36 Cr → 525.77 Cr (in ₹), with an average increase of 40.7% per quarter


    MF Holding Up

    Mutual Funds have increased holdings from 6.88% to 7.15% in Jun 2023 quarter


    Revenue Rich

    Revenue is up for the last 3 quarters, 4.19K Cr → 5.24K Cr (in ₹), with an average increase of 10.5% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    Promoters holdings remained unchanged at 62.55% of holdings in Jun 2023 quarter

  • imgNO EFFECT

    Against Peers

    In the last 3 years, Grasim Industries Ltd has given 171.3% return, outperforming this stock by 133.2%

  • imgNO EFFECT

    Against Peers

    In the last 1 year, UltraTech Cement Ltd has given 34.0% return, outperforming this stock by 15.4%


    FII Holding Down

    Foreign Institutions have decreased holdings from 12.82% to 12.62% in Jun 2023 quarter


    Price Dip

    In the last 7 days, SHREECEM stock has moved down by -1.3%


    Retail Holding Down

    Retail Investor have decreased holdings from 12.88% to 12.83% in Jun 2023 quarter

Shree Cement Ltd Valuation

Shree Cement Ltd in the last 5 years

  • Overview

  • Trends

Lowest (27.92x)

June 17, 2022

Industry (56.60x)

September 20, 2023

Today (60.25x)

September 20, 2023

Highest (75.77x)

June 27, 2019


Mutual Fund Holdings

Funds Holdings
SBI Equity Hybrid Fund Direct GrowthSBI Equity Hybrid Fund Direct Growth3.14%
Axis Long Term Equity Fund Direct Plan Growth OptionAxis Long Term Equity Fund Direct Plan Growth Option3.47%
SBI Bluechip Fund Direct GrowthSBI Bluechip Fund Direct Growth1.68%
Axis Focused 25 Fund Direct Plan Growth OptionAxis Focused 25 Fund Direct Plan Growth Option3.76%
UTI Flexi Cap Fund - Growth Option - DirectUTI Flexi Cap Fund - Growth Option - Direct1.49%

Shree Cement Ltd Shareholding Pattern

InvestorsHoldings %Prev. 2 periods3M change
Promoter Holdings
Foreign Institutions
Mutual Funds
Retail Investors

Technicals of Shree Cement Ltd

News & Events of Shree Cement Ltd

QnA on Shree Cement Ltd

  • QuestionAsked on: 19 Sep, 2022

    Which cement companies has Adani Group acquired?

    QnA Result : 29 Sep, 2022User Profile Icon53516 people participated in the quiz

    Adani group has completed the acquistion of Ambuja Cements and ACC from Holcim Group.

    76.03% of INDmoney users answered correctly

    Ambuja Cements and ACC
    76.03%blue tick
    UltraTech Cement and Shree Cement
    JK Lakshmi and Birla Corp

Frequently Asked Questions

Shree Cement Ltd (SHREECEM) share price today is ₹26293.6

  • Today’s highest price of Shree Cement Ltd is ₹26499.95.
  • Today’s lowest price of Shree Cement Ltd is ₹25950.

Today’s traded volume of Shree Cement Ltd(SHREECEM) is 29.87K.

Today’s market capitalisation of Shree Cement Ltd(SHREECEM) is ₹94198.71Cr.

Shree Cement Ltd(SHREECEMPrice
52 Week High
52 Week Low

Shree Cement Ltd(SHREECEM) share price is ₹26293.6. It is down -3.04% from its 52 Week High price of ₹27117.95

Shree Cement Ltd(SHREECEM) share price is ₹26293.6. It is up 30.49% from its 52 Week Low price of ₹20150

Shree Cement Ltd(SHREECEMReturns
1 Day Returns
1 Month Returns
3 Month Returns
1 Year Returns