Cement & Cement Products
Valuation | |
|---|---|
| Market Cap | 95.65 kCr |
| Price/Earnings (Trailing) | 53.37 |
| Price/Sales (Trailing) | 4.53 |
| EV/EBITDA | 18 |
| Price/Free Cashflow | 130.72 |
| MarketCap/EBT | 40.13 |
| Enterprise Value | 97.22 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 1.5% |
| Price Change 1M | -3.1% |
| Price Change 6M | -11.6% |
| Price Change 1Y | -7% |
| 3Y Cumulative Return | 0.00% |
| 5Y Cumulative Return | -0.80% |
| 7Y Cumulative Return | 7.3% |
| 10Y Cumulative Return | 9.7% |
| Revenue (TTM) |
| 21.09 kCr |
| Rev. Growth (Yr) | 5.6% |
| Earnings (TTM) | 1.8 kCr |
| Earnings Growth (Yr) | 38.2% |
Profitability | |
|---|---|
| Operating Margin | 11% |
| EBT Margin | 11% |
| Return on Equity | 7.99% |
| Return on Assets | 5.95% |
| Free Cashflow Yield | 0.77% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -3.73 kCr |
| Cash Flow from Operations (TTM) | 4.92 kCr |
| Cash Flow from Financing (TTM) | -1.3 kCr |
| Cash & Equivalents | 288.16 Cr |
| Free Cash Flow (TTM) | 826.95 Cr |
| Free Cash Flow/Share (TTM) | 229.19 |
Balance Sheet | |
|---|---|
| Total Assets | 30.2 kCr |
| Total Liabilities | 7.71 kCr |
| Shareholder Equity | 22.49 kCr |
| Current Assets | 13.8 kCr |
| Current Liabilities | 6.55 kCr |
| Net PPE | 9.14 kCr |
| Inventory | 2.56 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.06 |
| Debt/Equity | 0.08 |
| Interest Coverage | 11.08 |
| Interest/Cashflow Ops | 26.32 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 190 |
| Dividend Yield | 0.72% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Strong Balance Sheet.
Size: It is among the top 200 market size companies of india.
Profitability: Recent profitability of 9% is a good sign.
Smart Money: Smart money has been increasing their position in the stock.
Past Returns: Underperforming stock! In past three years, the stock has provided 0% return compared to 12.4% by NIFTY 50.
Momentum: Stock has a weak negative price momentum.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Strong Balance Sheet.
Size: It is among the top 200 market size companies of india.
Profitability: Recent profitability of 9% is a good sign.
Smart Money: Smart money has been increasing their position in the stock.
Past Returns: Underperforming stock! In past three years, the stock has provided 0% return compared to 12.4% by NIFTY 50.
Momentum: Stock has a weak negative price momentum.
Investor Care | |
|---|---|
| Dividend Yield | 0.72% |
| Dividend/Share (TTM) | 190 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 496.71 |
Financial Health | |
|---|---|
| Current Ratio | 2.11 |
| Debt/Equity | 0.08 |
Technical Indicators | |
|---|---|
| RSI (14d) | 39.87 |
| RSI (5d) | 45.45 |
| RSI (21d) | 40.67 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Updated May 4, 2025
Shree Digvijay Cement Co has reported a yearly decline of 6.75%, indicating challenges within the cement sector.
Sustainalytics has highlighted significant controversies involving SHREECEM, raising concerns about its sustainability practices.
The stock has seen a recent decline of 0.98% in one day and 2.44% over the past month, reflecting a challenging period.
Summary of Shree Cements's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the earnings call held on February 6, 2026, Shree Cement Limited's management provided an optimistic outlook focused on value over volume to improve profitability. Mr. Ashok Bhandari, the Senior Advisor, highlighted that the strategy of restraining volumes has helped narrow the price gap from INR 30 to INR 15 per bag when compared to competitors like UltraTech. Shree Cement achieved sales of about 2.7 million tons in November, 3.3 million tons in December, and expected volumes in January to be consistent with December.
Management expressed confidence in achieving a total annual cement production of 37 to 38 million tons, noting that they anticipate selling between 9 million to 9.5 million tons in the current quarter. They expect robust demand due to government spending before the end of the fiscal year, with projections indicating a growth rate in line with the national GDP forecast of 7.4% for FY26-27. The company aims to maintain this momentum and is working towards a capacity of 80 million tons by FY29, contingent upon favorable demand conditions.
Regarding financials, the company reported RMC revenues of INR 71 crores for the quarter, with a projected addition of 26 to 30 more RMC plants bringing the total to 45 plants within the next 6-8 months. The capital expenditure (capex) for FY26 is expected to be around INR 500 crores, and they have already reported INR 1,500 crores spent so far.
Key forward-looking points from management include:
Understand Shree Cements ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Shree Capital Services Ltd | 24.9% |
| Digvijay Finlease Limited | 11.74% |
| FLT Limited | 9.98% |
| Mannakrishna Investments Pvt Ltd | 5.66% |
| SBI Mutual Fund | 5.38% |
| Newa Investments Pvt Ltd | 3.81% |
| Ragini Finance Private Limited | 3.52% |
Detailed comparison of Shree Cements against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| ULTRACEMCO | UltraTech Cement | 3.76 LCr | 86.37 kCr | +4.40% | +13.10% | 48.99 | 4.36 | - | - |
| AMBUJACEM | Ambuja Cements | 1.27 LCr |
Comprehensive comparison against sector averages
SHREECEM metrics compared to Cement
| Category | SHREECEM | Cement |
|---|---|---|
| PE | 52.81 | 32.67 |
| PS | 4.49 | 2.27 |
| Growth | 6.7 % | 15 % |
Shree Cements is a prominent Cement & Cement Products company, listed under the stock ticker SHREECEM.
With a substantial market capitalization of Rs. 109,829.7 Crores, the company is engaged in the manufacturing and sale of cement and clinker both in India and internationally.
The product lineup includes:
Additionally, Shree Cements produces ready mix concrete and aerated autoclaved concrete blocks, a lightweight and precast building material, all offered under the Bangur brand name.
Beyond cement production, the company is involved in power generation, boasting a total capacity of 983 megawatts through various sources, including thermal, waste heat recovery, solar, and wind power plants.
Founded in 1979, Shree Cements is headquartered in Kolkata, India. The company reported a trailing 12 months revenue of Rs. 19,764.5 Crores and offers dividends to its investors, with a yield of 0.51% per year. Over the last twelve months, it returned Rs. 155 as a dividend per share.
Impressively, Shree Cements has experienced a revenue growth of 28.4% over the past three years.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
SHREECEM vs Cement (2021 - 2026)
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Nomura has upgraded its rating on Shree Cement Ltd. to 'buy', raising its price target to ₹34,000, indicating an 11.6% upside potential.
Newspaper Publication • 19 Feb 2026 Please find enclosed copies of newspaper advertisements published in ''Business Standard'' (in English) and ''Dainik Navajyoti'' (in Hindi) on 19th February, 2026, confirming completion .... |
Earnings Call Transcript • 12 Feb 2026 Transcript of the Conference Call held on 6th February, 2026, relating to Financial Results of the Company for the quarter ended 31st December, 2025. |
Newspaper Publication • 07 Feb 2026 Newspaper Advertisement for publication of Financial Results of the Company for the Quarter and Nine months ended 31st December, 2025. |
Press Release / Media Release • 06 Feb 2026 Press Release on Financial Results for the Quarter and Nine Months ended 31st December, 2025 |
Analyst / Investor Meet • 06 Feb 2026 Audio Recording link for earning conference call relating to financial results of the Company for the Quarter and Nine Months ended 31st December, 2025. |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Question: "Given you are prioritizing absolute earnings, your volumes have lagged the overall industry to some extent. Now, in fact, your operating rates would be more like mid-50 utilizations. How should we think about your capacity expansion plans and target of 80 million tons from the next 2 years' perspective?"
Answer: Since October '24, we've focused on value over volume. This strategy narrowed our price gap from INR30 to INR15 per bag, albeit at the cost of some volumes. December saw growth, with sales of 3.3 million tons, and we expect this momentum to continue. Our goal of 80 million tons by FY'29 is still in view, but we will update on that in due course.
Question: "Is it fair to say that you would continue to focus on reducing this further? What would be the absolute revenues of the RMC business and how much cement would your RMC use internally?"
Answer: Yes, we will keep increasing profits. Currently, we have 19 RMC plants and plan to expand to 45 within 6-8 months. For the quarter, RMC revenues were INR71 crores, with 45% of cement used being captive consumption for RMC.
Question: "What would be the comparable sales volume in the December quarter?"
Answer: Our sales volume in the December quarter was 8.7 million tons, which reflects an increase from 7.9 million tons in the September quarter.
Question: "What would be the capex for next year at this point in time?"
Answer: We expect to spend about INR500 crores in FY '26, mainly on adding RMC plants, with plans for 26 to 30 plants.
Question: "What is the trend in power and fuel costs?"
Answer: Our power and fuel costs are favorable. Currently, our per kilocalorie cost is at 1.56, primarily due to increased renewable energy usage, which reached 61%. This trend should continue unless there is an unexpected spike in coal or pet coke prices.
Question: "What should we expect for the volumes for this financial year?"
Answer: We expect around 9 to 9.5 million tons for the quarter, with a projected annual growth rate of around 7.5% to 8%, dependent on demand.
Question: "What are the blended cement share and lead distance for this quarter?"
Answer: The lead distance for the quarter was 446 kilometers, and trade sales comprised 65% of our volume. Blended cement also accounted for 65%.
Question: "Can you share insights on your UAE performance?"
Answer: The UAE operations are improving consistently, but I don't have specific volume or revenue details available right now. We'll share those details as they become available.
Question: "What is the expected depreciation cost for next year?"
Answer: Depreciation for next fiscal is anticipated to be about INR1,600 crores, give or take. It may vary slightly, but that's the expectation.
Question: "Can we expect a material upside in the dividend outlay going ahead?"
Answer: Yes, I expect the dividend payout for FY "˜25-"˜26 to be better than FY "˜24-"˜25, though the exact figures will be determined by the board.
Each response has been provided succinctly, respecting the character constraints while maintaining essential details and figures.
| Didu Investments Pvt Ltd | 3.25% |
| N.B.I. Industrial Finance Company Ltd | 2.91% |
| ICICI Prudential Mutual Fund | 2.4% |
| Harimohan Bangur | 1.35% |
| T. Rowe Price Emerging Markets Discovery Stock Trust | 1.29% |
| The Venktesh Co Private Limited | 1.28% |
| Prashant Bangur | 1.08% |
| Rajesh Vanijya P Ltd | 1.02% |
| The Didwana Investment Company Limited | 0.91% |
| Asish Creations Private Limited | 0.58% |
| Rajkamal Devi Bangur | 0.35% |
| Ranu Bangur | 0.19% |
| Riya Puja Jain | 0.01% |
Distribution across major stakeholders
Distribution across major institutional holders
| 40.8 kCr |
| -5.00% |
| +6.00% |
| 34.02 |
| 3.1 |
| - |
| - |
| DALBHARAT | DALMIA BHARAT | 38.83 kCr | 14.92 kCr | -7.30% | +16.00% | 32.73 | 2.6 | - | - |
| ACC | ACC | 30.28 kCr | 25.11 kCr | -6.10% | -14.50% | 11.43 | 1.21 | - | - |
| RAMCOCEM | The Ramco Cements | 26.32 kCr | 8.86 kCr | +2.80% | +29.50% | 45.76 | 2.97 | - | - |
| INDIACEM | India Cements | 13.11 kCr | 4.54 kCr | -6.60% | +62.90% | -120.57 | 2.89 | - | - |
| 2.6% |
| 4,622 |
| 4,506 |
| 4,648 |
| 4,932 |
| 4,459 |
| 4,212 |
| Profit Before exceptional items and Tax | -25.4% | 324 | 434 | 868 | 758 | 225 | 23 |
| Total profit before tax | -25.4% | 324 | 434 | 868 | 758 | 225 | 23 |
| Current tax | -43.8% | 74 | 131 | 236 | 215 | 55 | 8.1 |
| Deferred tax | -138.1% | -17.88 | -6.93 | -10.79 | -32.48 | -23.77 | -61.46 |
| Total tax | -55.3% | 56 | 124 | 225 | 183 | 31 | -53.36 |
| Total profit (loss) for period | -13.6% | 268 | 310 | 644 | 575 | 194 | 77 |
| Other comp. income net of taxes | -48.5% | 87 | 168 | 8.97 | 0.9 | 66 | 19 |
| Total Comprehensive Income | -25.8% | 355 | 478 | 653 | 576 | 260 | 95 |
| Earnings Per Share, Basic | -13.7% | 73.92 | 85.5 | 178.12 | 159.17 | 268.343 | 202.41 |
| Earnings Per Share, Diluted | -13.7% | 73.92 | 85.5 | 178.12 | 159.17 | 53.612 | 21.18 |
| Debt equity ratio | 0% | 006 | 008 | 004 | 004 | 004 | 0 |
| Debt service coverage ratio | -5.1% | 0.1851 | 0.2243 | 0.3444 | 0.0807 | 0.2078 | 0.05 |
| Interest service coverage ratio | -5.1% | 0.1851 | 0.2243 | 0.3444 | 0.3842 | 0.2078 | - |
| 5.7% |
| 991 |
| 938 |
| 866 |
| 807 |
| 760 |
| 731 |
| Finance costs | -20.9% | 209 | 264 | 269 | 218 | 247 | 287 |
| Depreciation and Amortization | 73.9% | 2,808 | 1,615 | 1,546 | 1,036 | 1,140 | 1,699 |
| Other expenses | -10.1% | 11,189 | 12,452 | 11,770 | 8,712 | 6,998 | 6,730 |
| Total Expenses | 0.7% | 17,217 | 17,101 | 15,710 | 11,912 | 10,021 | 10,215 |
| Profit Before exceptional items and Tax | -54.2% | 1,397 | 3,046 | 1,559 | 2,931 | 3,026 | 1,960 |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | -54.2% | 1,397 | 3,046 | 1,559 | 2,931 | 3,026 | 1,960 |
| Current tax | -37.3% | 320 | 510 | 235 | 438 | 764 | 530 |
| Deferred tax | -281.5% | -118.8 | 67 | -4.41 | 116 | -50.03 | -140.13 |
| Total tax | -65.3% | 201 | 577 | 231 | 554 | 714 | 390 |
| Total profit (loss) for period | -51.6% | 1,196 | 2,468 | 1,328 | 2,377 | 2,312 | 1,570 |
| Other comp. income net of taxes | 207.7% | 6.05 | -3.69 | 4.58 | 18 | -6.21 | 13 |
| Total Comprehensive Income | -51.3% | 1,202 | 2,465 | 1,333 | 2,395 | 2,306 | 1,583 |
| Earnings Per Share, Basic | -51.6% | 331.54 | 684.143 | 368.099 | 658.695 | 640.77 | 445.08 |
| Earnings Per Share, Diluted | -51.6% | 331.54 | 684.143 | 368.099 | 658.695 | 640.77 | 445.08 |
| Debt equity ratio | 0% | 004 | 005 | - | - | - | - |
| Debt service coverage ratio | 6.3% | 0.095 | 0.0344 | - | - | - | - |
| Interest service coverage ratio | 3.1% | 0.2116 | 0.1863 | - | - | - | - |
| 9.2% |
| 3,399 |
| 3,112 |
| 2,377 |
| 1,833 |
| 3,416 |
| 2,320 |
| Non-current investments | 10.1% | 5,818 | 5,286 | 4,603 | 5,456 | 6,256 | 8,300 |
| Loans, non-current | 17.4% | 3.16 | 2.84 | 3.1 | 3.4 | 3.46 | 3.66 |
| Total non-current financial assets | 10.3% | 5,985 | 5,424 | 4,719 | 5,568 | 6,413 | 8,439 |
| Total non-current assets | 2.2% | 17,431 | 17,055 | 16,243 | 16,188 | 16,470 | 17,683 |
| Total assets | 5.3% | 29,215 | 27,756 | 27,385 | 27,419 | 26,211 | 25,819 |
| Borrowings, non-current | 0.1% | 728 | 727 | 717 | 713 | 882 | 581 |
| Total non-current financial liabilities | -2.4% | 949 | 972 | 927 | 988 | 1,236 | 921 |
| Provisions, non-current | -18.8% | 9.93 | 12 | 13 | 12 | 13 | 13 |
| Total non-current liabilities | -2.4% | 1,014 | 1,039 | 961 | 1,022 | 1,249 | 934 |
| Borrowings, current | 1157.3% | 1,120 | 90 | 716 | 761 | 933 | 1,958 |
| Total current financial liabilities | 34.8% | 4,169 | 3,092 | 3,653 | 3,616 | 3,944 | 4,892 |
| Provisions, current | 12.2% | 5.41 | 4.93 | 14 | 3.32 | 13 | 2.46 |
| Current tax liabilities | 37.6% | 546 | 397 | 397 | 397 | 476 | 314 |
| Total current liabilities | 14% | 6,273 | 5,505 | 5,824 | 6,012 | 5,790 | 6,597 |
| Total liabilities | 11.3% | 7,287 | 6,545 | 6,784 | 7,035 | 7,040 | 7,530 |
| Equity share capital | 0% | 36 | 36 | 36 | 36 | 36 | 36 |
| Total equity | 3.4% | 21,928 | 21,211 | 20,601 | 20,384 | 19,171 | 18,288 |
| Total equity and liabilities | 5.3% | 29,215 | 27,756 | 27,385 | 27,419 | 26,211 | 25,819 |
| -2.7% |
| 428 |
| 440 |
| 329 |
| 196 |
| - |
| - |
| Net Cashflows From Operating Activities | 53.3% | 5,063 | 3,304 | 2,704 | 2,723 | - | - |
| Proceeds from sales of PPE | 70% | 18 | 11 | 66 | 23 | - | - |
| Purchase of property, plant and equipment | 26% | 3,473 | 2,757 | 2,805 | 1,969 | - | - |
| Purchase of intangible assets | -83.1% | 11 | 60 | 22 | 2.3 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | -94.9% | 2.75 | 35 | 56 | 17 | - | - |
| Dividends received | -82.7% | 1.78 | 5.5 | 5.5 | 6.32 | - | - |
| Interest received | -24.9% | 242 | 322 | 335 | 285 | - | - |
| Other inflows (outflows) of cash | 100.6% | 1.03 | -4.12 | -9.75 | 92 | - | - |
| Net Cashflows From Investing Activities | -169.3% | -3,637.9 | -1,350.25 | -2,408.88 | -1,865.34 | - | - |
| Proceeds from borrowings | -96.6% | 25 | 699 | 834 | 322 | - | - |
| Repayments of borrowings | -62.6% | 622 | 1,661 | 379 | 479 | - | - |
| Payments of lease liabilities | - | 296 | 0 | 0 | 114 | - | - |
| Dividends paid | 0.3% | 380 | 379 | 324 | 379 | - | - |
| Interest paid | -13.3% | 190 | 219 | 257 | 209 | - | - |
| Net Cashflows from Financing Activities | 18.4% | -1,463.17 | -1,793.69 | -315.06 | -858.42 | - | - |
| Net change in cash and cash eq. | -124.6% | -38.06 | 160 | -19.62 | -0.91 | - | - |
Change in Management • 01 Feb 2026 Intimation regarding change in Senior Management Person. |