Shree Cement Ltd

Shree Cement Ltd

₹ 27,462 -0.28%
18 Jun 4:10 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 99,156 Cr.
  • Current Price 27,462
  • High / Low 30,738 / 22,601
  • Stock P/E 41.4
  • Book Value 5,738
  • Dividend Yield 0.36 %
  • ROCE 14.7 %
  • ROE 12.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 19.4%

Cons

  • Stock is trading at 4.79 times its book value
  • The company has delivered a poor sales growth of 10.3% over past five years.
  • Company has a low return on equity of 11.0% over last 3 years.
  • Working capital days have increased from 48.7 days to 115 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
4,235 3,635 3,373 3,637 4,364 4,415 4,038 4,299 5,100 5,065 4,800 5,223 5,433
2,989 2,612 2,452 2,792 3,445 3,614 3,495 3,573 4,211 4,120 3,914 3,959 4,011
Operating Profit 1,246 1,023 921 845 919 801 543 727 889 945 886 1,264 1,422
OPM % 29% 28% 27% 23% 21% 18% 13% 17% 17% 19% 18% 24% 26%
120 141 154 114 137 -20 159 174 146 169 132 147 150
Interest 56 54 56 54 52 55 66 70 71 74 67 55 62
Depreciation 330 274 290 285 297 350 396 443 473 339 412 444 702
Profit before tax 980 836 729 620 707 376 240 388 491 700 539 913 807
Tax % 18% 25% 23% 22% 7% 26% 24% 27% -7% 18% 17% 23% 16%
800 631 564 483 659 279 183 282 525 572 447 702 676
EPS in Rs 221.29 174.58 155.99 133.58 182.16 77.47 50.82 78.18 145.72 158.62 123.79 194.53 187.05
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 9,833 12,555 12,868 13,560 15,010 17,852 20,521
3,857 4,325 4,916 4,107 6,081 7,360 9,758 9,098 9,468 11,300 14,893 16,004
Operating Profit 1,561 1,390 1,344 1,407 2,513 2,473 2,797 3,771 4,091 3,710 2,960 4,517
OPM % 29% 24% 21% 26% 29% 25% 22% 29% 30% 25% 17% 22%
187 104 102 673 362 389 69 263 426 544 459 598
Interest 193 129 121 76 129 135 248 291 251 216 263 258
Depreciation 436 550 925 828 1,215 899 1,472 1,808 1,262 1,146 1,661 1,897
Profit before tax 1,119 815 401 1,176 1,531 1,827 1,146 1,934 3,004 2,892 1,495 2,959
Tax % 10% 3% -6% 3% 13% 24% 11% 20% 24% 19% 15% 19%
1,004 787 426 1,143 1,339 1,384 1,015 1,544 2,290 2,337 1,269 2,396
EPS in Rs 288.18 225.97 122.37 328.13 384.38 397.32 288.86 425.67 633.54 646.31 352.18 663.98
Dividend Payout % 7% 10% 20% 7% 36% 13% 21% 26% 9% 14% 28% 16%
Compounded Sales Growth
10 Years: 14%
5 Years: 10%
3 Years: 15%
TTM: 15%
Compounded Profit Growth
10 Years: 10%
5 Years: 16%
3 Years: 2%
TTM: 90%
Stock Price CAGR
10 Years: 14%
5 Years: 5%
3 Years: -1%
1 Year: 6%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 11%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 5,241 6,811 7,663 8,862 9,636 13,133 15,361 17,424 18,600 20,667
1,288 1,200 917 881 1,293 3,403 2,803 3,146 2,230 2,129 2,725 1,656
1,028 1,418 1,805 1,737 2,175 2,842 3,019 3,629 3,886 4,159 4,973 5,595
Total Liabilities 6,160 7,329 7,998 9,463 11,166 15,142 15,493 19,944 21,513 23,749 26,334 27,953
1,782 2,194 3,004 3,050 2,599 3,589 6,182 6,163 6,216 7,282 7,481 9,591
CWIP 133 758 511 264 710 1,427 1,129 1,197 997 1,054 2,797 1,930
Investments 2,203 2,244 1,662 3,030 4,042 5,434 2,286 6,358 8,500 9,033 8,683 7,556
2,042 2,132 2,820 3,118 3,814 4,691 5,896 6,227 5,800 6,380 7,373 8,877
Total Assets 6,160 7,329 7,998 9,463 11,166 15,142 15,493 19,944 21,513 23,749 26,334 27,953

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 2,080 3,973 4,254 2,668 2,569 3,347
-270 -1,234 -990 -1,265 -2,048 -3,595 -720 -5,590 -2,651 -2,143 -2,405 -1,418
-982 -156 -259 -271 -167 1,726 -1,276 1,581 -1,233 -849 -277 -1,710
Net Cash Flow 8 11 -10 31 -13 10 84 -36 370 -324 -113 219

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 30 31 18 19 25 23
Inventory Days 496 703 708 657 765 743 672 631 585 878 703 827
Days Payable 75 163 225 207 205 345 193 242 301 313 305 282
Cash Conversion Cycle 441 559 511 472 575 416 509 420 302 584 423 567
Working Capital Days 21 37 31 45 55 55 75 25 -7 17 14 115
ROCE % 18% 9% 18% 20% 18% 13% 15% 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.

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Documents

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