Shree Cement Ltd (SHREECEM)

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 Reports Strong Q4 Results and Dividend Payout - 14 May, 2024

Shree Cement reports strong Q4 FY24 results with consolidated net profit up 28% YoY to Rs 674.9 crore and revenue up 6%, recommending a final dividend of Rs 55 per equity share. The company expects robust cement demand going forward.

Shree Cement Expected to Report Increase in Q4 Revenue and Profit - 13 May, 2024

Shree Cement is set to report an increase in Q4 revenue and profit due to the commissioning of new manufacturing capacity, which has boosted production volumes. The company's net profit is expected to rise 7.8% YoY to Rs 589 crore, while revenue is likely to rise 3.7% YoY to Rs 4,964 crore. Lower costs and increased operational efficiency are also expected to boost EBITDA margins.

Shree Cement Chairman Advocates Consolidation in Industry - 09 May, 2024

HM Bangur, Chairman of Shree Cement, has stated that consolidation is happening at a faster pace in the cement industry and smaller companies should consider selling out. However, he also mentioned that India's per capita cement consumption is still low compared to the world average, indicating significant demand for cement in India. Shree Cement plans to continue creating new capacity rather than buying existing capacity.

Shree Cement Ltd Shows Positive Bias - 06 May, 2024

Shree Cement Ltd has rebounded from its previous low and provides a fresh entry opportunity. The stock is expected to maintain positive bias and head towards Rs 7,750 levels in the coming weeks.

Shree Cement Commits to Renewable Energy and Lithium Refinery Talks - 25 Apr, 2024

Shree Cement has committed to transitioning all operations to 100% renewable electricity by 2050 through significant investments in solar and wind power plants. The company is also in talks with an Australian firm for technical assistance on a $600-700 million lithium refinery.

Shree Cement's Earnings Growth Rate Lags Shareholder Returns - 19 Apr, 2024

Shree Cement's earnings per share grew at 17% annually over the past five years, while its share price only gained 4%. However, total shareholder return (TSR) including dividends was 25%, exceeding the share price return. The market may not be enthusiastic about the stock currently.

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.