Shree Cement Ltd

₹ 21,901 -1.11%
27 Jan - close price
shreecement.com BSE: 500387 NSE : SHREECEM
About

Shree Cement is engaged in the 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 43.4 MTPA. [1] [2]

Key Points

Brands
The company sells cement under the brand name Roofon, Bangur Power, Shree Jung Rodhak, Bangur Cement, and Rock strong. [1]

Website BSE NSE
  • Market Cap ₹ 79,021 Cr.
  • Current Price ₹ 21,901
  • High / Low ₹ 26,340 / 17,865
  • Stock P/E 48.1
  • Book Value ₹ 4,884
  • Dividend Yield 0.41 %
  • ROCE 17.0 %
  • ROE 14.5 %
  • Face Value ₹ 10.0
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Pros

Cons

  • The company has delivered a poor sales growth of 10.7% over past five years.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
2,802 2,848 3,218 2,332 3,053 3,309 3,958 3,449 3,206 3,552 4,099 4,203 3,781
1,958 1,999 2,139 1,632 2,046 2,220 2,776 2,436 2,308 2,726 3,188 3,384 3,258
Operating Profit 844 849 1,079 701 1,007 1,089 1,182 1,014 898 826 911 819 523
OPM % 30% 30% 34% 30% 33% 33% 30% 29% 28% 23% 22% 19% 14%
58 65 98 125 83 107 119 139 150 110 138 -22 157
Interest 72 74 73 71 63 59 55 54 56 55 54 57 68
Depreciation 428 432 436 271 279 291 299 232 251 252 301 328 363
Profit before tax 402 408 668 483 749 847 947 867 742 628 694 412 249
Tax % 23% 24% 12% 23% 27% 26% 19% 24% 22% 22% 7% 23% 24%
Net Profit 309 310 588 371 547 626 768 662 578 492 645 316 190
EPS in Rs 88.71 85.90 163.01 102.77 151.67 173.56 212.76 183.40 160.11 136.36 178.82 87.46 52.55
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
3,338 5,641 5,418 5,715 6,259 5,514 8,594 9,826 11,722 11,904 12,669 14,306 15,634
2,453 3,996 3,857 4,325 4,916 4,107 6,081 7,354 9,066 8,218 8,677 10,656 12,556
Operating Profit 885 1,646 1,561 1,390 1,344 1,407 2,513 2,473 2,656 3,686 3,992 3,650 3,078
OPM % 27% 29% 29% 24% 21% 26% 29% 25% 23% 31% 32% 26% 20%
76 150 187 104 102 673 362 389 64 260 421 535 383
Interest 175 235 193 129 121 76 129 135 247 287 247 218 234
Depreciation 676 873 436 550 925 828 1,215 899 1,392 1,699 1,140 1,036 1,244
Profit before tax 110 688 1,119 815 401 1,176 1,531 1,827 1,081 1,960 3,026 2,931 1,983
Tax % -90% 10% 10% 3% -6% 3% 13% 24% 12% 20% 24% 19%
Net Profit 210 618 1,004 787 426 1,143 1,339 1,384 951 1,570 2,312 2,377 1,642
EPS in Rs 60.19 177.54 288.19 225.98 122.38 328.13 384.39 397.33 273.00 435.19 640.77 658.70 455.19
Dividend Payout % 23% 11% 7% 10% 20% 7% 36% 13% 22% 25% 9% 14%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 7%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 29%
TTM: -38%
Stock Price CAGR
10 Years: 18%
5 Years: 4%
3 Years: -2%
1 Year: -9%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 15%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
35 35 35 35 35 35 35 35 35 36 36 36 36
Reserves 1,951 2,699 3,809 4,676 5,242 6,811 7,663 8,862 9,563 12,900 15,214 17,235 17,587
1,882 2,164 1,288 1,200 917 881 1,293 3,403 2,798 3,144 2,156 2,209 3,003
1,072 986 1,028 1,418 1,805 1,737 2,175 2,842 2,798 3,257 3,633 3,935 4,130
Total Liabilities 4,940 5,884 6,160 7,329 7,998 9,463 11,166 15,142 15,193 19,338 21,039 23,415 24,757
1,167 1,521 1,782 2,194 3,004 3,050 2,599 3,589 4,476 4,319 4,192 5,321 5,326
CWIP 729 97 133 758 511 264 710 1,427 1,121 962 971 973 1,509
Investments 1,196 2,535 2,203 2,244 1,663 3,030 4,043 5,434 4,444 8,915 11,051 11,546 11,438
1,848 1,731 2,042 2,132 2,820 3,118 3,814 4,691 5,153 5,141 4,826 5,575 6,484
Total Assets 4,940 5,884 6,160 7,329 7,998 9,463 11,166 15,142 15,193 19,338 21,039 23,415 24,757

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1,074 1,601 1,260 1,401 1,239 1,566 2,202 1,879 2,060 3,751 4,094 2,723
-636 -1,677 -270 -1,234 -990 -1,265 -2,048 -3,595 -813 -5,373 -2,868 -1,865
-451 68 -982 -156 -259 -271 -167 1,726 -1,265 1,591 -1,215 -858
Net Cash Flow -13 -8 8 11 -10 31 -13 10 -18 -31 11 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 12 12 21 19 28 22 14 17 23 25 14 15
Inventory Days 432 307 496 703 708 657 765 743 671 678 616 693
Days Payable 197 76 75 163 225 207 205 345 190 251 328 258
Cash Conversion Cycle 246 243 441 559 511 472 575 416 504 453 302 450
Working Capital Days 8 -22 21 37 31 45 55 55 66 41 -15 -2
ROCE % 7% 21% 24% 18% 9% 18% 20% 18% 12% 16% 19% 17%

Shareholding Pattern

Numbers in percentages

2 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
62.55 62.55 62.55 62.55 62.55 62.55 62.55 62.55 62.55 62.55 62.56 62.56
11.90 11.55 11.37 12.18 12.51 13.02 13.53 13.05 12.20 11.85 12.37 12.50
11.22 11.65 11.54 11.07 10.80 10.48 10.11 10.50 11.16 11.23 10.96 11.79
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.16 0.17
14.32 14.24 14.54 14.20 14.14 13.95 13.81 13.90 14.09 14.37 13.97 13.00

* 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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Documents

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Concalls

  • Oct 2019
    Transcript
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