Shree Cement Ltd
SHREECEMShree Cement Ltd
SHREECEM
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 42.79 | 4.34 | 0.42% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 32.12 | 3.64 | 1.16% |
Forecast & Ratings
Detailed Forecast from 34 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Shree Cement Limited is a cement company whose principal products/services are cement and clinker.
Peers
Compare with peersUltraTech Cement Ltd
Grasim Industries Ltd
Ambuja Cements Ltd
ACC Ltd
J K Cement Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 6,186.32 | 8,956.07 | 10,222.15 | 12,804.41 | 13,142.79 | 13,998.03 | 15,555.45 | 18,311.41 | 21,119.10 | 21,116.50 | ||||||||||
Raw Materials | 449.30 | 680.66 | 769.06 | 1,055.38 | 953.32 | 1,020.03 | 1,217.40 | 1,507.76 | 1,657.63 | 16,049.32 | ||||||||||
| Power & Fuel Cost | 1,122.95 | 1,444.27 | 1,979.65 | 3,092.63 | 2,702.65 | 2,397.90 | 3,620.18 | 6,080.66 | 6,345.19 | |||||||||||
| Employee Cost | 369.86 | 537.18 | 588.05 | 767.18 | 853.99 | 869.22 | 913.46 | 977.77 | 1,064.43 | |||||||||||
| Selling & Administrative Expenses | 1,526.78 | 2,423.74 | 3,044.64 | 3,534.98 | 3,297.84 | 3,824.80 | 4,072.32 | 4,705.62 | 5,185.67 | |||||||||||
| Operating & Other expenses | 637.87 | 995.31 | 978.95 | 1,488.93 | 1,301.49 | 1,368.37 | 1,478.27 | 1,621.02 | 1,751.32 | |||||||||||
EBITDA | 2,079.56 | 2,874.91 | 2,861.80 | 2,865.31 | 4,033.50 | 4,517.71 | 4,253.82 | 3,418.58 | 5,114.86 | 5,067.18 | ||||||||||
| Depreciation/Amortization | 827.57 | 1,214.71 | 899.40 | 1,471.81 | 1,807.81 | 1,262.34 | 1,145.88 | 1,660.67 | 1,897.32 | 2,262.13 | ||||||||||
| PBIT | 1,251.99 | 1,660.20 | 1,962.40 | 1,393.50 | 2,225.69 | 3,255.37 | 3,107.94 | 1,757.91 | 3,217.54 | 2,805.05 | ||||||||||
| Interest & Other Items | 75.77 | 129.42 | 135.27 | 247.86 | 291.43 | 251.29 | 216.12 | 262.87 | 258.34 | 240.23 | ||||||||||
| PBT | 1,176.22 | 1,530.78 | 1,827.13 | 1,145.64 | 1,934.26 | 3,004.08 | 2,891.82 | 1,495.04 | 2,959.20 | 2,564.82 | ||||||||||
| Taxes & Other Items | 33.12 | 191.70 | 442.98 | 139.34 | 398.41 | 718.21 | 559.88 | 224.34 | 563.50 | 462.81 | ||||||||||
| Net Income | 1,143.10 | 1,339.08 | 1,384.15 | 1,006.30 | 1,535.85 | 2,285.87 | 2,331.94 | 1,270.70 | 2,395.70 | 2,102.01 | ||||||||||
| EPS | 328.13 | 384.38 | 397.32 | 288.86 | 433.13 | 633.54 | 646.31 | 352.18 | 663.98 | 582.58 | ||||||||||
| DPS | 24.00 | 140.00 | 50.00 | 60.00 | 110.00 | 60.00 | 90.00 | 100.00 | 105.00 | 50.00 | ||||||||||
| Payout ratio | 0.07 | 0.36 | 0.13 | 0.21 | 0.25 | 0.09 | 0.14 | 0.28 | 0.16 | 0.09 |
Company Updates
Peers & Comparison
MaterialsCement
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Shree Cement Ltd | 37.55 | 4.34 | 0.42% |
| UltraTech Cement Ltd | 47.84 | 5.56 | 0.60% |
| Grasim Industries Ltd | 32.68 | 1.32 | 0.36% |
| Ambuja Cements Ltd | 41.90 | 2.95 | 0.29% |
Price Comparison
Compare SHREECEM with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Shree Cement Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
SBI Equity Hybrid Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.2249% | Percentage of the fund’s portfolio invested in the stock 2.74% | Change in the portfolio weight of the stock over the last 3 months -0.34% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 14/90 (-3) |
SBI Focused Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.1265% | Percentage of the fund’s portfolio invested in the stock 2.87% | Change in the portfolio weight of the stock over the last 3 months -0.32% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 21/31 (-4) |
SBI Blue Chip Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7687% | Percentage of the fund’s portfolio invested in the stock 1.36% | Change in the portfolio weight of the stock over the last 3 months -0.20% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 24/60 (-2) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 0.42%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.19 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 23, 2024
Dividend/Share
₹55.00
Ex DateEx Date
Jul 23, 2024
Cash Dividend
Ex DateEx DateFeb 8, 2024
Dividend/Share
₹50.00
Ex DateEx Date
Feb 8, 2024
Cash Dividend
Ex DateEx DateJun 1, 2023
Dividend/Share
₹55.00
Ex DateEx Date
Jun 1, 2023
Cash Dividend
Ex DateEx DateFeb 16, 2023
Dividend/Share
₹45.00
Ex DateEx Date
Feb 16, 2023
Cash Dividend
Ex DateEx DateJul 13, 2022
Dividend/Share
₹45.00
Ex DateEx Date
Jul 13, 2022
Profit before tax was at Rs 350.84 crore in Q1 FY25, down 50.62% from Rs 710.49 crore reported in Q1 FY24. EBIDTA fell 1.82% to Rs 916 crore in Q1 FY25 as against Rs 933 crore recorded in the corresponding quarter previous year. Total sales volume grew by 8% to 9.64 million tonnes in the June quarter as compared to 8.92 million tones registered in Q1 FY24. The company said that the sale of premium products stood at 7.6% of total trade sale volume. Explaining its capex plans, the company commissioned its integrated cement unit in Guntur district of Andhra Pradesh with cement production capacity of 3.0 Million Tonnes Per Annum (MTPA), during the quarter. Besides this, the firm's ongoing expansion projects in Jaitaran, Rajasthan (6.0 MTPA), Kodla, Karnataka (3.00 MTPA), Baloda Bazar, Chhattisgarh (3.40 MTPA), and Etah, Uttar Pradesh (3.00 MTPA) are progressing satisfactorily as per schedule. The company is working on further expanding its capacities in different geographies to reach its target ahead of schedule, added the company. Further, the company stated that the Rs 11 lakh crore capital expenditure announcement in the Union Budget 2024 signifies the government's commitment to modernizing India's infrastructure through various projects and allocations. This together with 3 crore additional houses in PM Awas Yojana and launch of phase IV of PMGSY will undoubtedly drive demand for cement and other building materials. Neeraj Akhoury, managing director of Shree Cement, said, 'We continued to optimize our production processes, enhance cost efficiencies and maintain a strong focus on branding initiatives. These efforts enabled us to navigate the challenging market conditions marked by sluggish demand due to general elections and extreme weather, consistently delivering value to our stakeholders.' We will continue our focus on increasing our cement manufacturing capacity to gain market share. This, along with our consistent product quality, positions us well to capitalize on the anticipated rebound in cement demand driven by enhanced infrastructure allocation in the Union Budget, rising housing demand and expected growth in the rural sector. Shree Cement is one of India's top three cement producers. Its portfolio of products includes Shree Jung Rodhak Cement, Bangur Cement, Roofon and Rockstrong Cement. Shares of Shree Cement slipped 2.14% to end at Rs 26,159 on the BSE. Powered by Capital Market - Live
Net profit of Shree Cement declined 51.32% to Rs 278.61 crore in the quarter ended June 2024 as against Rs 572.30 crore during the previous quarter ended June 2023. Sales rose 1.75% to Rs 5123.96 crore in the quarter ended June 2024 as against Rs 5035.65 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales5123.965035.65 2 OPM %18.0918.76 - PBDT1010.111039.68 -3 PBT305.85700.23 -56 NP278.61572.30 -51 Powered by Capital Market - Live
Shree Cement Q1 Results: Profit Down 51%, Misses Estimates
Q1 results this week: LIC, Airtel, Vedanta, Eicher Motors, Tata Power and others
Shree Cement Annual Report Analysis- Ebitda Margin Rises To 22.3% From Its Lowest In Five Years: Dolat Capital
Cement Q1 Results Preview - Volume Likely To Decline, Weaker Realisation/Tonne Expected QoQ: DRChoksey
Stocks To Watch: Maruti Suzuki, RBL Bank, Indigo, IREDA, AU SFB, Shree Cement, And Others - News18
Shree Cement’s installed renewable power capacity touches 1 GW across India
Brokerage Views: Nomura, Citi On Shree Cement, Bernstein On L&T And More
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 10.53%, vs industry avg of 9.54%
Decreasing Market Share
Over the last 5 years, market share decreased from 5.42% to 5.34%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 18.94%, vs industry avg of 15.49%