SHREECEM

Shree Cements Share Price Shree Cements

₹25,296.2
-194.95 (-0.76%)
  • Advice
  • Hold
16 April, 2024 00:02 BSE: 500387 NSE: SHREECEMISIN: INE070A01015

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Shree Cements Performance

Day Range

  • Low 25,002
  • High 25,528
₹ 25,296

52 Week Range

  • Low 22,606
  • High 30,738
₹ 25,296
  • Open Price25,316
  • Previous Close25,491
  • Volume24121

Shree Cements Share Price

  • Over 1 Month 0.9%
  • Over 3 Month -5.66%
  • Over 6 Month -5.79%
  • Over 1 Year -1.98%

Shree Cements Key Statistics

P/E Ratio 40.6
PEG Ratio 0.7
Market Cap Cr 91,271
Price to Book Ratio 4.9
EPS 367.3
Dividend 0.4
Relative Strength Index 43.1
Money Flow Index 63.3
MACD Signal -44.33
Average True Range 579.81
Shree Cements Financials
IndicatorDec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 4,9014,5854,9994,785
Operating Expenses Qtr Cr 3,6673,7154,0663,893
Operating Profit Qtr Cr 1,234870933892
Depreciation Qtr Cr 347331308442
Interest Qtr Cr 56687573
Tax Qtr Cr 232105129-33
Net Profit Qtr Cr 734491581546
IndicatorMar 2023
Total Revenue Annual Cr 17,269
Operating Expenses Annual Cr 13,895
Operating Profit Annual in Cr 2,942
Depreciation Cr 1,546
Interest Annual Cr 269
Tax Annual Cr 231
Net Profit Annual Cr 1,328
IndicatorMar 2023
Cash from Operating Activity Annual Cr 2,704
Cash from Investing Activity Annual Cr -2,409
Cash from Financing Annual Activity Cr -315
Net Cash Flow Annual Cr -20
IndicatorMar 2023
Total ShareHolders Funds Annual Cr 18,288
Fixed Assets Annual Cr 7,653
Total Non Current Assets Annual Cr 17,683
Total Current Assets Annual Cr 8,136
Total Assets Annual Cr 25,819
IndicatorMar 2023
Book Value Per Share Annual Rs 5,069
ROE Annual % 7
ROCE Annual % 10
Total Debt to Total Equity Annual -
EBDIT Annual Margin % 20
IndicatorDec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 5,2234,8005,0655,100
Operating Expenses Qtr Cr 3,9593,9144,1204,211
Operating Profit Qtr Cr 1,264886945889
Depreciation Qtr Cr 444412339473
Interest Qtr Cr 55677471
Tax Qtr Cr 21193128-34
Net Profit Qtr Cr 702447572526
IndicatorMar 2023
Total Revenue Annual Cr 18,311
Operating Expenses Annual Cr 14,893
Operating Profit Annual in Cr 2,960
Depreciation Cr 1,661
Interest Annual Cr 263
Tax Annual Cr 226
Net Profit Annual Cr 1,271
IndicatorMar 2023
Cash from Operating Activity Annual Cr 2,569
Cash from Investing Activity Annual Cr -2,414
Cash from Financing Annual Activity Cr -277
Net Cash Flow Annual Cr -122
IndicatorMar 2023
Total ShareHolders Funds Annual Cr 18,636
Fixed Assets Annual Cr 10,277
Total Non Current Assets Annual Cr 17,366
Total Current Assets Annual Cr 8,968
Total Assets Annual Cr 26,334
IndicatorMar 2023
Book Value Per Share Annual Rs 5,177
ROE Annual % 7
ROCE Annual % 9
Total Debt to Total Equity Annual -
EBDIT Annual Margin % 19

Shree Cements Technicals

EMA & SMA

Current Price
₹25,296.2
-194.95 (-0.76%)
pointer
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 16
  • 20 Day
  • ₹25,718.31
  • 50 Day
  • ₹26,025.03
  • 100 Day
  • ₹26,254.66
  • 200 Day
  • ₹26,002.45
  • 20 Day
  • ₹25,637.86
  • 50 Day
  • ₹26,095.95
  • 100 Day
  • ₹26,829.45
  • 200 Day
  • ₹25,943.42

Shree Cements Resistance and Support

PIVOT
₹25,275.45
Resistance
First Resistance 25,548.90
Second Resistance 25,801.60
Third Resistance 26,075.05
RSI 43.10
MFI 63.30
MACD Single Line -44.33
MACD -50.88
Support
First Resistance 25,022.75
Second Resistance 24,749.30
Third Resistance 24,496.60

Shree Cements Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 24,693 1,217,859 49.32
Week 30,511 1,371,763 44.96
1 Month 41,666 2,672,443 64.14
6 Month 31,447 1,524,871 48.49

Shree Cements Result Highlights

Shree Cements Synopsis

NSE-Bldg-Cement/Concrt/Ag

Shree Cement is involved in the business activities of Manufacture of cement, lime and plaster. Company’s Total Operating Revenue is Rs. 16837.49 Cr. and Equity Capital is Rs. 36.08 Cr. for the Year ended 31/03/2023. Shree Cements Ltd. is a Public Limited Listed company incorporated on 25/10/1979 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L26943RJ1979PLC001935 and registration number is 001935.
Market Cap 91,271
Sales 19,270
Shares in Float 1.33
No of funds 583
Yield 0.41
Book Value 5.01
U/D Vol ratio 0.8
LTDebt / Equity 3
Alpha -0.11
Beta 0.84

Shree Cements

Owner NameMar-24Dec-23Sep-23Jun-23
Promoters 62.55%62.55%62.55%62.55%
Mutual Funds 7.55%7.72%7.68%7.15%
Insurance Companies 4.36%4.43%4.47%4.37%
Foreign Portfolio Investors 12.47%12.31%12.22%12.62%
Financial Institutions/ Banks 0.1%
Individual Investors 1.9%1.86%1.93%2%
Others 11.17%11.13%11.15%11.21%

Shree Cements Management

Name Designation
Mr. H M Bangur Chairman
Mr. Prashant Bangur Vice Chairman
Mr. Neeraj Akhoury Managing Director
Mr. Shreekant Somany Independent Director
Mr. Nitin Dayalji Desai Independent Director
Mr. Zubair Ahmed Independent Director
Mr. Sanjiv Krishnaji Shelgikar Independent Director
Ms. Uma Ghurka Independent Director

Shree Cements Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Shree Cements Corporate Action

Date Purpose Remarks
2024-05-14 Audited Results & Final Dividend
2024-01-31 Quarterly Results & Interim Dividend
2023-11-07 Quarterly Results
2023-07-26 Quarterly Results & Others Rs.0.00 alia, consider approval of raising of funds by way of issuance of NCDs aggregating to an amount upto Rs. 1,000 Crores in one or more tranches on private placement basis.
2023-05-22 Audited Results & 2nd Interim Dividend
Date Purpose Remarks
2024-02-08 INTERIM Rs.50.00 per share(500%)Interim Dividend
2023-06-01 INTERIM Rs.55.00 per share (550%) Second Interim Dividend
2023-02-16 INTERIM Rs.45.00 per share(450%)Interim Dividend
2022-07-14 FINAL Rs.45.00 per share(450%)Final Dividend
2022-02-12 INTERIM Rs.45.00 per share(450%)Interim Dividend (RD Revised)

About Shree Cements

Shree Cements stands as a prominent leader in India's cement manufacturing industry, renowned for its top-notch products and innovative practices. Established in 1979, the company has consistently embraced cutting-edge technologies, earning a prominent position in the cement sector.

Since its inception, Shree Cements has remained steadfast in its commitment to sustainable and inclusive growth. This dedication is fostered through a culture that fosters continuous improvement, innovation, care, and collaboration. Such values drive operational excellence, enhancing the quality of products, processes, and people. As a result, the company has garnered a reputation for exceptional customer care and expanded its market reach across India and the Middle East.

Shree Cement stands as a force to be reckoned with with a total cement production capacity of 47.4 million tonnes per year, including a substantial power generation capacity of 752 megawatts and overseas operations.

The company operates across India and the UAE, operating four integrated plants in India and one in the UAE, along with nine grinding units. Shree Cement has also been a trailblazer in adopting alternate fuel resources for cement production, boasting the second-highest installed capacity of Waste Heat Recovery Power plants globally, just behind China.

While their past performance has been remarkable, Shree Cement maintains a culture that shuns complacency. Instead, they embrace challenges as opportunities to gain a competitive edge. Their willingness to break new grounds, create synergies, and set new benchmarks propels them towards continuous progress and success.
 

History and Milestones 

Shree Cement was founded by BG Bangur in 1979. Their first plant in Rajasthan was commissioned in 1983, and production commenced in 1985. Originally a family business, the Bangur family gained complete control over the enterprise in 1995. The company's current head, 70-year-old Hari Mohan Bangur, joined his father in 1975 after graduating from IIT Bombay. In 2003, Prashant Bangur, HM Bangur's son, was also incorporated into the business.

In November 2019, the company successfully raised Rs 2,399.99 crore through a qualified institutional program at a share price of Rs 19,806.46. Two years later, in September 2021, following the fund-raising, the company disclosed its plan to invest Rs 4,750 crore as part of its capex expansion strategy until FY 2024. The investment includes commissioning an integrated cement plant in Nawalgarh, Rajasthan, expected to be operational by December 2023. The Rajasthan plant comprises a 3.8 MTPA clinker and 3.5 MTPA cement facility. Additionally, the capex covers a clinker plant of capacity 3 MTPA near Purulia, West Bengal. 

 

Awards and Recognitions


Shree Cements' unwavering commitment to quality, sustainability, and innovation has earned it numerous accolades and recognition in the industry. Some of the prestigious awards the company has received include:

● CII Strong Commitment to HR Excellence 2019 
● Best in Cement and Building Materials by GPTW India 2020 
● India’s Top 100 Places to Work For by GPTW India 2020
● Great Place to Work Certified by GPTW India 2020
● Golden Peacock Award for HR Excellence 2019
● Best Employer of 2018 by The Employers Association of Rajasthan 
● ICC Corporate Governance and Sustainability Vision 2020 
● Global Sustainability Award 2019
● CII SCALE Logistics and Supply Chain Excellence 2019 
● Best Quality Excellence 2018-19 by NCCBM
● Best Risk Management Framework and Systems Sustainability by India Risk Management
● State CSR Excellence Award 2019 by The Government of Rajasthan 
● Bhamashah Samman 2019 for CSR by The Government of Rajasthan
● Industry Champion Award 2019 by Rajasthan Chamber of Commerce and Industry 

Important Facts 

Owner: The House of Bangurs
Number of employees: 6,185 
Total equity: ₹18,677 crore (US$2.3 billion)
Total assets: ₹26,334 crore (US$3.3 billion) 
Website: shreecement.com


According to Mr. H.M. Bangur, the Managing Director of Shree Cement Ltd., the company is highly optimistic ('bullish') and actively establishing new factories. The upcoming projects include the Puralia plant in West Bengal, which is expected to be completed by March 2023, and a larger plant in Rajasthan with an estimated cost of Rs 3,500 crore, scheduled for completion between December 2023 and March 2024. Additionally, a new plant in Andhra Pradesh has just begun and is anticipated to be finished by March 2024. 

The collective investment for these projects amounts to approximately Rs 6,500 crore, contributing a total of 10 million tonnes (mt) to the overall cement production capacity. The current total production stands at 57 mt. Shree Cement's ambitious goal is to achieve a production capacity of 80 mt by the year 2030.

Shree Cements FAQs

What is Share Price of Shree Cements ?

Shree Cements share price is ₹25,296 As on 15 April, 2024 | 23:48

What is the Market Cap of Shree Cements ?

The Market Cap of Shree Cements is ₹91270.5 Cr As on 15 April, 2024 | 23:48

What is the P/E ratio of Shree Cements ?

The P/E ratio of Shree Cements is 40.6 As on 15 April, 2024 | 23:48

What is the PB ratio of Shree Cements ?

The PB ratio of Shree Cements is 4.9 As on 15 April, 2024 | 23:48

What is the debt to equity ratio of Shree Cement?

Shree Cement has a reasonable debt to equity of 9%, which signals a healthy balance sheet.

Who is the Chairman of Shree Cement?

Shri B G Bangur is the Chairman of Shree Cement.

When was Shree Cement founded?

Shree Cement Ltd was incorporated in the year 1979 in Beawar, Rajasthan.

Is Shree Cement a good company for investing?

Shree Cement has an operating revenue of INR 14,754.47 Cr. on a trailing 12-month basis. Annual revenue growth of 6% is not great, Pre-tax margin of 22% is great. Institutional holding has gone up in the last reported quarter is a positive sign. Analyst Recommendation on Shree Cement: HOLD

What is the ROE of Shree Cement?

The ROE of Shree Cement is 14% which is good.

Q2FY23