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Shree Cement Ltd (SHREECEM)

₹27698.450.93%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

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.

  • imgPOSITIVE IMPACT

    Revenue Rich

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    Revenue is up for the last 3 quarters, 4.93K Cr → 5.58K Cr (in ₹), with an average increase of 6.0% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

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    Foreign Institutions have increased holdings from 12.30% to 12.48% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

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    Retail Investor have increased holdings from 12.59% to 12.63% in Mar 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

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    Promoters holdings remained unchanged at 62.55% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Ambuja Cements Ltd has given 48.5% return, outperforming this stock by 42.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Ambuja Cements Ltd has given 93.4% return, outperforming this stock by 96.2%

  • imgNEGATIVE IMPACT

    Price Dip

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    In the last 3 years, SHREECEM stock has moved down by -2.8%

  • imgNEGATIVE IMPACT

    MF Holding Down

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    Mutual Funds have decreased holdings from 7.72% to 7.55% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

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    Netprofit is down for the last 2 quarters, 701.89 Cr → 674.88 Cr (in ₹), with an average decrease of 3.9% per quarter

Performance

  • Day's Low

    Day's High

    ₹27,343.85
    ₹27,766.9
  • 52 Week's Low

    52 Week's High

    ₹22,605.6
    ₹30,737.75
1 Month Return+ 6.23 %
3 Month Return+ 10.06 %
1 Year Return+ 5.76 %
Previous Close₹27,443.40
Open₹27,490.00
Volume30.64K
Upper Circuit-
Lower Circuit-
Market Cap₹99,017.84Cr

Analyst Rating

based on 38 analysts

BUY
52.63%
Buy
28.95%
Hold
18.42%
Sell

Based on 38 analysts offering long term price targets for Shree Cement Ltd. An average target of ₹28186.45

Source: S&P Global Market Intelligence

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: ₹27698.45 per share as on 20 Jun, 2024 04:01 PM
Market Capitalisation: ₹99,017.84Cr as of today
Revenue: ₹5,432.81Cr as on March 2024 (Q1 24)
Net Profit: ₹675.75Cr as on March 2024 (Q1 24)
Listing date: 12 Jan, 1995
Chairperson Name: B G Bangur
OrganisationShree Cement Ltd
HeadquartersKolkata
IndustryCement
E-voting on sharesClick here to vote
Bangur Cement Share Price
Rockstrong Cement Share Price
Roofon Concrete Share Price

Key events for Shree Cement Ltd

  • ICRA Report: Top 5 Cement Manufacturers to Expand Market Share - 13 Jun, 2024

    According to a report from ICRA, the top five domestic cement manufacturers, including Shree Cements, could expand their market share up to 55% by March 2025 through organic and inorganic expansions, leading to further consolidation in the industry.

  • Shree Cement's ROCE Remains Flat - 12 Jun, 2024

    Shree Cement's ROCE has remained steady at around 12% over the past five years, with a 63% increase in capital deployment. The stock has only delivered a 34% return to shareholders over that period.

  • Shree Cement Stock Poised for Upside Move - 10 Jun, 2024

    Shree Cement stock has broken out of its wedge formation on the technical charts and crossed the hurdle of Rs 26,800. The overall momentum looks strong, with a potential upside move towards Rs 28,200 and above. A strict stop loss should be kept at the Rs 26,600 mark to manage risk well.

  • Shree Cement Appoints New Chief Human Resources Officer - 30 May, 2024

    Vinod Chaturvedi has been appointed as the new CHRO of Shree Cement. With over 33 years of experience, he will be responsible for developing HR strategies and promoting organizational growth. His leadership is expected to enhance employee engagement and nurture talent across all levels of the organization.

  • ICICI Securities Recommends Hold on Shree Cement with Target Price of INR 27,085 - 29 May, 2024

    Shree Cement's Q4FY24 EBITDA/t at INR 1,347 stood at the highest level among peers. However, underlying weakness in cement prices led to a cut in FY25/26E EBITDA by 10%/4%, respectively.

  • Shree Cement Stock Upgraded to Buy by KR Choksey - 28 May, 2024

    Shree Cement stock is expected to see strong upside potential due to anticipated benefits of higher capacity expansion and power capacity driving margins and profitability. Analysts also predict a sharp recovery in demand post Lok Sabha polls. KR Choksey recommends buying the stock with a target price of Rs 30,662.

  • Shree Cement's High P/E Ratio Raises Concerns - 22 May, 2024

    Shree Cement's P/E ratio of 38.9x is higher than the market average, despite its inferior earnings outlook. Shareholders may be setting themselves up for disappointment if the P/E falls to levels more in line with growth outlook.

  • Shree Cement Reports Strong Q4 Results and Positive Outlook - 21 May, 2024

    Shree Cement reported the highest cement EBITDA per tonne in the industry for the third consecutive quarter and retained sales volume guidance for FY25. The management remains optimistic about cement demand growth and aims to reach 80 mtpa capacity by FY28.

  • Shree Cement Receives Buy Rating from Prabhudas Lilladher - 16 May, 2024

    Prabhudas Lilladher has recommended buying shares of Shree Cement with a target price of Rs 29,225 due to the company's strong operating performance and plans for organic growth without leverage or dilution. The company expects to add ~9mtpa capacity in FY25E while maintaining its competitive position and market share.

  • Shree Cement Reports Strong Q4 Results and Plans Capex for Ready Mix Segment - 15 May, 2024

    Shree Cement reports a strong Q4 performance with a 28% YoY increase in consolidated net profit and a recommended dividend of ₹55 per equity share for FY24. The company also plans to invest in its ready mix segment and target 5-7% margins on a pure-play basis. Shree Cement is bullish on future revenue growth.

Shree Cement Ltd Valuation

Shree Cement Ltd in the last 5 years

  • Overview

  • Trends

Lowest (27.92x)

June 17, 2022

Today (41.33x)

June 19, 2024

Industry (72.34x)

June 19, 2024

Highest (75.77x)

June 27, 2019

LowHigh

Mutual Fund Holdings

Funds Holdings
SBI Equity Hybrid Fund Direct GrowthSBI Equity Hybrid Fund Direct Growth2.85%
SBI Focused Equity Fund Direct Plan GrowthSBI Focused Equity Fund Direct Plan Growth2.95%
SBI Bluechip Fund Direct GrowthSBI Bluechip Fund Direct Growth1.47%
SBI Large & Midcap Fund Direct GrowthSBI Large & Midcap Fund Direct Growth2.11%
UTI Flexi Cap Fund - Growth Option - DirectUTI Flexi Cap Fund - Growth Option - Direct1.33%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
62.55%
0.00
Foreign Institutions
12.47%
0.00
Mutual Funds
7.55%
0.00
Retail Investors
12.63%
0.00
Others
4.79%
0.00

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Shree Cement Ltd (SHREECEM) share price today is ₹27698.45

Shree Cement Ltd is listed on NSE

Shree Cement Ltd is listed on BSE

  • Today’s highest price of Shree Cement Ltd is ₹27766.9.
  • Today’s lowest price of Shree Cement Ltd is ₹27343.85.

PE Ratio of Shree Cement Ltd is 41.33

PE ratio = Shree Cement Ltd Market price per share / Shree Cement Ltd Earnings per share

Today’s traded volume of Shree Cement Ltd(SHREECEM) is 30.64K.

Today’s market capitalisation of Shree Cement Ltd(SHREECEM) is ₹99017.84Cr.

Shree Cement Ltd(SHREECEMPrice
52 Week High
₹30737.75
52 Week Low
₹22605.6

Shree Cement Ltd(SHREECEM) share price is ₹27698.45. It is down -9.89% from its 52 Week High price of ₹30737.75

Shree Cement Ltd(SHREECEM) share price is ₹27698.45. It is up 22.53% from its 52 Week Low price of ₹22605.6

Shree Cement Ltd(SHREECEMReturns
1 Day Returns
255.05%
1 Month Returns
6.23%
3 Month Returns
10.06%
1 Year Returns
5.76%