Shree Cement Ltd

Shree Cement Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shree Cement Ltd

₹ 31,650 0.58%
23 May 11:01 a.m.
shreecement.com BSE: 500387 NSE: SHREECEM
About

Shree Cement is engaged in manufacturing and selling of cement and cement related products and is ** one of the lowest cost producers in the country. It is the 3rd largest** cement producer in India with an installed capacity of 46.4 MTPA. [1]

Key Points

Product Portfolio
The company is India’s 3rd-largest cement company, offering a range of cement products, such as Portland Pozzolana Cement, Ordinary Portland Cement, and Portland Slag Cement, under the brand names Bangur Rockstrong, Bangur Powermax, Bangur Jungrodhak, etc. It also offers Green Pro Ecolabel-certified Shree Heat Shield AAC blocks. [1] [2] It has been focussing on premiumization of its product portfolio with Bangur Magna being its key premium cement brand. It has increased its premium product mix from 7% of the trade mix in FY22 to 15% as of Q2 FY25. [3] [4]

Website BSE NSE
  • Market Cap ₹ 1,14,196 Cr.
  • Current Price ₹ 31,650
  • High / Low ₹ 31,925 / 23,500
  • Stock P/E 95.4
  • Book Value ₹ 5,879
  • Dividend Yield 0.33 %
  • ROCE 7.24 %
  • ROE 5.75 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 25.2%

Cons

  • Stock is trading at 5.34 times its book value
  • The company has delivered a poor sales growth of 8.67% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 8.64% over last 3 years.
  • Working capital days have increased from 39.3 days to 104 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cement Industry: Cement - North India

Part of BSE 500 BSE 100 BSE 200 Nifty Next 50 Nifty 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
4,099 4,203 3,781 4,069 4,785 4,971 4,560 4,873 5,073 4,835 3,727 4,235 5,240
3,188 3,384 3,258 3,361 3,893 4,038 3,690 3,639 3,745 3,918 3,134 3,289 3,859
Operating Profit 911 819 523 708 892 933 870 1,234 1,327 916 593 947 1,381
OPM % 22% 19% 14% 17% 19% 19% 19% 25% 26% 19% 16% 22% 26%
138 -22 157 161 135 162 126 135 138 135 178 115 150
Interest 54 57 68 71 73 75 68 56 65 57 57 53 42
Depreciation 301 328 363 414 442 308 331 347 628 643 669 750 747
Profit before tax 694 412 249 384 513 710 597 966 772 351 45 259 743
Tax % 7% 23% 24% 28% -6% 18% 18% 24% 14% 9% -108% 11% 25%
645 316 190 277 546 581 491 734 662 318 93 229 556
EPS in Rs 178.82 87.46 52.55 76.71 151.39 161.06 136.18 203.50 183.41 88.06 25.81 63.58 154.09
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2014 Jun 2015 Mar 2016 9m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
5,715 6,259 5,514 8,594 9,826 11,722 11,904 12,669 14,306 16,837 19,586 18,037
4,325 4,916 4,107 6,081 7,354 9,066 8,218 8,677 10,656 13,895 15,220 14,201
Operating Profit 1,390 1,344 1,407 2,513 2,473 2,656 3,686 3,992 3,650 2,942 4,365 3,837
OPM % 24% 21% 26% 29% 25% 23% 31% 32% 26% 17% 22% 21%
104 102 673 362 389 64 260 421 535 432 560 577
Interest 129 121 76 129 135 247 287 247 218 269 264 209
Depreciation 550 925 828 1,215 899 1,392 1,699 1,140 1,036 1,546 1,615 2,808
Profit before tax 815 401 1,176 1,531 1,827 1,081 1,960 3,026 2,931 1,559 3,046 1,397
Tax % 3% -6% 3% 13% 24% 12% 20% 24% 19% 15% 19% 14%
787 426 1,143 1,339 1,384 951 1,570 2,312 2,377 1,328 2,468 1,196
EPS in Rs 225.98 122.38 328.13 384.39 397.33 273.00 435.19 640.77 658.70 368.10 684.14 331.54
Dividend Payout % 10% 20% 7% 36% 13% 22% 25% 9% 14% 27% 15% 33%
Compounded Sales Growth
10 Years: 12%
5 Years: 9%
3 Years: 8%
TTM: -8%
Compounded Profit Growth
10 Years: 4%
5 Years: -5%
3 Years: -20%
TTM: -52%
Stock Price CAGR
10 Years: 10%
5 Years: 10%
3 Years: 13%
1 Year: 22%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 9%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 35 35 35 35 35 35 36 36 36 36 36 36
Reserves 4,676 5,242 6,811 7,663 8,862 9,563 12,900 15,214 17,235 18,252 20,348 21,175
1,200 917 881 1,293 3,403 2,798 3,144 2,156 2,209 2,811 1,752 1,032
1,418 1,805 1,737 2,175 2,842 2,798 3,257 3,633 3,935 4,719 5,282 5,512
Total Liabilities 7,329 7,998 9,463 11,166 15,142 15,193 19,338 21,039 23,415 25,819 27,419 27,756
2,194 3,004 3,050 2,599 3,589 4,476 4,319 4,192 5,321 5,333 7,099 6,898
CWIP 758 511 264 710 1,427 1,121 962 971 973 2,320 1,833 3,112
Investments 2,244 1,663 3,030 4,043 5,434 4,444 8,915 11,051 11,546 11,651 10,675 11,596
2,132 2,820 3,118 3,814 4,691 5,153 5,141 4,826 5,575 6,515 7,812 6,150
Total Assets 7,329 7,998 9,463 11,166 15,142 15,193 19,338 21,039 23,415 25,819 27,419 27,756

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,401 1,239 1,566 2,202 1,879 2,060 3,751 4,094 2,723 2,704 3,304 5,063
-1,234 -990 -1,265 -2,048 -3,595 -813 -5,373 -2,868 -1,865 -2,409 -1,350 -3,638
-156 -259 -271 -167 1,726 -1,265 1,591 -1,215 -858 -315 -1,794 -1,463
Net Cash Flow 11 -10 31 -13 10 -18 -31 11 -1 -20 160 -38

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 19 28 22 14 17 23 25 14 15 20 17 16
Inventory Days 703 708 657 765 743 671 678 616 693 702 627 375
Days Payable 163 225 207 205 345 190 251 328 258 327 212 219
Cash Conversion Cycle 559 511 472 575 416 504 453 302 450 395 432 172
Working Capital Days 37 31 45 55 55 66 41 -15 8 3 11 104
ROCE % 18% 9% 18% 20% 18% 12% 16% 19% 17% 9% 15% 7%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
62.55% 62.56% 62.56% 62.56% 62.56% 62.56% 62.56% 62.56% 62.56% 62.56% 62.56% 62.56%
11.85% 12.37% 12.50% 12.82% 12.62% 12.22% 12.31% 12.47% 11.85% 10.39% 9.88% 9.70%
11.23% 10.96% 11.79% 11.58% 11.83% 12.37% 12.37% 12.14% 12.78% 14.22% 14.78% 15.07%
0.00% 0.16% 0.17% 0.17% 0.17% 0.17% 0.17% 0.18% 0.23% 0.23% 0.25% 0.25%
14.37% 13.97% 13.00% 12.90% 12.83% 12.69% 12.60% 12.64% 12.59% 12.60% 12.53% 12.42%
No. of Shareholders 62,62858,48636,12631,21932,17627,73824,85228,26826,74429,90325,53124,779

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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