Shree Cement Ltd Share Price (SHREECEM)

Shree Cement Expected to Report 2% YoY Increase in Net Profit - 17 Apr, 2024

Prabhudas Lilladher expects Shree Cement's net profit to increase by 2% YoY to Rs. 557.2 crore, with net sales expected to rise by 1.9% YoY to Rs. 4,875.4 crore. EBITDA is likely to increase by 25.6% YoY to Rs. 1,120.8 crore.

Cement Stocks Slide Despite Healthy Demand - 16 Apr, 2024

Shree Cement's stock is among those that have been sliding due to oversupply and valuation concerns despite healthy demand from government infrastructure projects. Analysts suggest that companies managing margins well will see buying interest.

Shree Cement Commissions New Plant Ahead of Schedule - 03 Apr, 2024

Shree Cement has commissioned its new integrated plant at Dachepalli village, Guntur in Andhra Pradesh six months ahead of schedule, taking the firm's total manufacturing capacity to 56.4 million tonnes per annum. The state-of-the-art facility is designed with a high focus on organic route and environmental sustainability.

Shree Cement Inaugurates New Plant, Eyes Offshore Mining Foray - 02 Apr, 2024

Shree Cement inaugurated a new integrated plant in Andhra Pradesh, increasing manufacturing capacity to 56.4 MTPA. The company is also eyeing offshore mining foray to secure raw materials. Anand Rathi Research favors Shree Cement and Ultratech Cement among large caps. The newly inaugurated plant places significant emphasis on environmental sustainability.

Shree Cement Receives Neutral Rating from MOSL - 27 Mar, 2024

Shree Cement receives a neutral rating from Motilal Oswal Financial Services with a target price of INR 27,700. The company plans to increase its grinding capacity organically while EBITDA estimates have been cut due to pricing pressure.

Shree Cement Launches Bangur Concrete, Expands RMC Capacity - 23 Mar, 2024

Shree Cement has launched its first Greenfield Ready Mix Concrete plant in Hyderabad with a capacity of 90 cubic meters per hour. The company also acquired five operational plants of StarCrete LLP in Mumbai for ₹33.5 crore, bringing their combined RMC capacity to 512 cubic meters per hour. Managing Director Neeraj Akhoury said the move marks Shree Cement's entry into a promising new line of business.

Shree Cement Enters Ready-Mix-Concrete Segment - 22 Mar, 2024

Shree Cement has entered the ready-mix-concrete segment under the Bangur Concrete brand, launching its first RMC plant in Hyderabad. The company aims to be a multi-product player in the cement business and recently acquired five operational plants of StarCrete LLP in Mumbai for Rs 33.5 crore.

Shree Cement's Sound Financials Despite Share Price Drop - 21 Mar, 2024

Despite a 12% drop in share price over the past three months, Shree Cement's sound financials make it worth considering. The company's ROE will be closely watched.