Shree Cement Ltd

Shree Cement Ltd

₹ 27,530 0.14%
14 Jun 4:01 p.m.
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

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

  • Market Cap 99,349 Cr.
  • Current Price 27,530
  • High / Low 30,738 / 22,601
  • Stock P/E 40.2
  • Book Value 5,650
  • Dividend Yield 0.36 %
  • ROCE 15.3 %
  • ROE 12.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 18.7%

Cons

  • Stock is trading at 4.87 times its book value
  • Company has a low return on equity of 11.5% over last 3 years.
  • Working capital days have increased from 39.6 days to 109 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

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,958 3,449 3,206 3,552 4,099 4,203 3,781 4,069 4,785 4,999 4,585 4,901 5,101
2,776 2,436 2,308 2,726 3,188 3,384 3,258 3,361 3,893 4,066 3,715 3,667 3,774
Operating Profit 1,182 1,014 898 826 911 819 523 708 892 933 870 1,234 1,327
OPM % 30% 29% 28% 23% 22% 19% 14% 17% 19% 19% 19% 25% 26%
119 139 150 110 138 -22 157 161 135 162 126 135 138
Interest 55 54 56 55 54 57 68 71 73 75 68 56 65
Depreciation 299 232 251 252 301 328 363 414 442 308 331 347 628
Profit before tax 947 867 742 628 694 412 249 384 513 710 597 966 772
Tax % 19% 24% 22% 22% 7% 23% 24% 28% -6% 18% 18% 24% 14%
768 662 578 492 645 316 190 277 546 581 491 734 662
EPS in Rs 212.76 183.40 160.11 136.36 178.82 87.46 52.55 76.71 151.39 161.06 136.18 203.50 183.41
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5,418 5,715 6,259 5,514 8,594 9,826 11,722 11,904 12,669 14,306 16,837 19,586
3,857 4,325 4,916 4,107 6,081 7,354 9,066 8,218 8,677 10,656 13,895 15,222
Operating Profit 1,561 1,390 1,344 1,407 2,513 2,473 2,656 3,686 3,992 3,650 2,942 4,364
OPM % 29% 24% 21% 26% 29% 25% 23% 31% 32% 26% 17% 22%
187 104 102 673 362 389 64 260 421 535 432 561
Interest 193 129 121 76 129 135 247 287 247 218 269 264
Depreciation 436 550 925 828 1,215 899 1,392 1,699 1,140 1,036 1,546 1,615
Profit before tax 1,119 815 401 1,176 1,531 1,827 1,081 1,960 3,026 2,931 1,559 3,046
Tax % 10% 3% -6% 3% 13% 24% 12% 20% 24% 19% 15% 19%
1,004 787 426 1,143 1,339 1,384 951 1,570 2,312 2,377 1,328 2,468
EPS in Rs 288.19 225.98 122.38 328.13 384.39 397.33 273.00 435.19 640.77 658.70 368.10 684.14
Dividend Payout % 7% 10% 20% 7% 36% 13% 22% 25% 9% 14% 27% 15%
Compounded Sales Growth
10 Years: 14%
5 Years: 11%
3 Years: 16%
TTM: 16%
Compounded Profit Growth
10 Years: 10%
5 Years: 18%
3 Years: 2%
TTM: 86%
Stock Price CAGR
10 Years: 14%
5 Years: 6%
3 Years: -1%
1 Year: 5%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 12%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 35 35 35 35 35 35 35 36 36 36 36 36
Reserves 3,809 4,676 5,242 6,811 7,663 8,862 9,563 12,900 15,214 17,235 18,252 20,348
1,288 1,200 917 881 1,293 3,403 2,798 3,144 2,156 2,209 2,811 1,752
1,028 1,418 1,805 1,737 2,175 2,842 2,798 3,257 3,633 3,935 4,719 5,282
Total Liabilities 6,160 7,329 7,998 9,463 11,166 15,142 15,193 19,338 21,039 23,415 25,819 27,419
1,782 2,194 3,004 3,050 2,599 3,589 4,476 4,319 4,192 5,321 5,333 7,099
CWIP 133 758 511 264 710 1,427 1,121 962 971 973 2,320 1,833
Investments 2,203 2,244 1,663 3,030 4,043 5,434 4,444 8,915 11,051 11,546 11,651 10,675
2,042 2,132 2,820 3,118 3,814 4,691 5,153 5,141 4,826 5,575 6,515 7,812
Total Assets 6,160 7,329 7,998 9,463 11,166 15,142 15,193 19,338 21,039 23,415 25,819 27,419

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,260 1,401 1,239 1,566 2,202 1,879 2,060 3,751 4,094 2,723 2,704 3,304
-270 -1,234 -990 -1,265 -2,048 -3,595 -813 -5,373 -2,868 -1,865 -2,409 -1,350
-982 -156 -259 -271 -167 1,726 -1,265 1,591 -1,215 -858 -315 -1,794
Net Cash Flow 8 11 -10 31 -13 10 -18 -31 11 -1 -20 160

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 21 19 28 22 14 17 23 25 14 15 20 17
Inventory Days 496 703 708 657 765 743 671 678 616 693 702 627
Days Payable 75 163 225 207 205 345 190 251 328 258 327 212
Cash Conversion Cycle 441 559 511 472 575 416 504 453 302 450 395 432
Working Capital Days 21 37 31 45 55 55 66 41 -15 8 3 109
ROCE % 24% 18% 9% 18% 20% 18% 12% 16% 19% 17% 9%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.55% 62.55% 62.55% 62.55% 62.55% 62.56% 62.56% 62.56% 62.56% 62.56% 62.56% 62.56%
13.02% 13.53% 13.05% 12.20% 11.85% 12.37% 12.50% 12.82% 12.62% 12.22% 12.31% 12.47%
10.48% 10.11% 10.50% 11.16% 11.23% 10.96% 11.79% 11.58% 11.83% 12.37% 12.37% 12.14%
0.00% 0.00% 0.00% 0.00% 0.00% 0.16% 0.17% 0.17% 0.17% 0.17% 0.17% 0.18%
13.95% 13.81% 13.90% 14.09% 14.37% 13.97% 13.00% 12.90% 12.83% 12.69% 12.60% 12.64%
No. of Shareholders 45,42343,50449,26056,83362,62858,48636,12631,21932,17627,73824,85228,268

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls