Shree Cement Ltd

Shree Cement Ltd

₹ 26,490 -0.43%
23 Feb - close price
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 95,550 Cr.
  • Current Price 26,490
  • High / Low 30,738 / 22,601
  • Stock P/E 42.6
  • Book Value 5,403
  • Dividend Yield 0.38 %
  • ROCE 8.51 %
  • ROE 6.98 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 17.3%

Cons

  • Stock is trading at 4.90 times its book value
  • Company has a low return on equity of 12.0% over last 3 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
3,557 4,235 3,635 3,373 3,637 4,364 4,415 4,038 4,299 5,100 5,065 4,800 5,223
2,431 2,989 2,612 2,452 2,792 3,445 3,614 3,495 3,573 4,211 4,120 3,914 3,959
Operating Profit 1,126 1,246 1,023 921 845 919 801 543 727 889 945 886 1,264
OPM % 32% 29% 28% 27% 23% 21% 18% 13% 17% 17% 19% 18% 24%
108 120 141 154 114 137 -20 159 174 146 169 132 147
Interest 60 56 54 56 54 52 55 66 70 71 74 67 55
Depreciation 322 330 274 290 285 297 350 396 443 473 339 412 444
Profit before tax 852 980 836 729 620 707 376 240 388 491 700 539 913
Tax % 26% 18% 25% 23% 22% 7% 26% 24% 27% -7% 18% 17% 23%
632 800 631 564 483 659 279 183 282 525 572 447 702
EPS in Rs 174.85 221.29 174.58 155.99 133.58 182.16 77.47 50.82 78.18 145.72 158.62 123.79 194.53
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 TTM
5,418 5,715 6,259 5,514 8,594 9,833 12,555 12,868 13,560 15,010 17,852 20,188
3,857 4,325 4,916 4,107 6,081 7,360 9,758 9,098 9,468 11,300 14,893 16,204
Operating Profit 1,561 1,390 1,344 1,407 2,513 2,473 2,797 3,771 4,091 3,710 2,960 3,984
OPM % 29% 24% 21% 26% 29% 25% 22% 29% 30% 25% 17% 20%
187 104 102 673 362 389 69 263 426 544 459 594
Interest 193 129 121 76 129 135 248 291 251 216 263 268
Depreciation 436 550 925 828 1,215 899 1,472 1,808 1,262 1,146 1,661 1,668
Profit before tax 1,119 815 401 1,176 1,531 1,827 1,146 1,934 3,004 2,892 1,495 2,643
Tax % 10% 3% -6% 3% 13% 24% 11% 20% 24% 19% 15%
1,004 787 426 1,143 1,339 1,384 1,015 1,544 2,290 2,337 1,269 2,246
EPS in Rs 288.18 225.97 122.37 328.13 384.38 397.32 288.86 425.67 633.54 646.31 352.18 622.66
Dividend Payout % 7% 10% 20% 7% 36% 13% 21% 26% 9% 14% 28%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 12%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: -1%
3 Years: -6%
TTM: 60%
Stock Price CAGR
10 Years: 19%
5 Years: 10%
3 Years: -1%
1 Year: 3%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 12%
Last Year: 7%

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 Sep 2023
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 19,459
1,288 1,200 917 881 1,293 3,403 2,803 3,146 2,230 2,129 2,725 2,005
1,028 1,418 1,805 1,737 2,175 2,842 3,019 3,629 3,886 4,159 4,973 5,216
Total Liabilities 6,160 7,329 7,998 9,463 11,166 15,142 15,493 19,944 21,513 23,749 26,334 26,716
1,782 2,194 3,004 3,050 2,599 3,589 6,182 6,163 6,216 7,282 7,481 7,681
CWIP 133 758 511 264 710 1,427 1,129 1,197 997 1,054 2,797 3,481
Investments 2,203 2,244 1,662 3,030 4,042 5,434 2,286 6,358 8,500 9,033 8,683 8,052
2,042 2,132 2,820 3,118 3,814 4,691 5,896 6,227 5,800 6,380 7,373 7,502
Total Assets 6,160 7,329 7,998 9,463 11,166 15,142 15,493 19,944 21,513 23,749 26,334 26,716

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
1,260 1,401 1,239 1,566 2,202 1,879 2,080 3,973 4,254 2,668 2,569
-270 -1,234 -990 -1,265 -2,048 -3,595 -720 -5,590 -2,651 -2,143 -2,405
-982 -156 -259 -271 -167 1,726 -1,276 1,581 -1,233 -849 -277
Net Cash Flow 8 11 -10 31 -13 10 84 -36 370 -324 -113

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
Debtor Days 21 19 28 22 14 17 30 31 18 19 25
Inventory Days 496 703 708 657 765 743 672 631 585 878 703
Days Payable 75 163 225 207 205 345 193 242 301 313 305
Cash Conversion Cycle 441 559 511 472 575 416 509 420 302 584 423
Working Capital Days 21 37 31 45 55 55 75 25 -7 17 14
ROCE % 18% 9% 18% 20% 18% 13% 15% 19% 17% 9%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
62.55% 62.55% 62.55% 62.55% 62.55% 62.55% 62.56% 62.56% 62.56% 62.56% 62.56% 62.56%
12.51% 13.02% 13.53% 13.05% 12.20% 11.85% 12.37% 12.50% 12.82% 12.62% 12.22% 12.31%
10.80% 10.48% 10.11% 10.50% 11.16% 11.23% 10.96% 11.79% 11.58% 11.83% 12.37% 12.37%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.16% 0.17% 0.17% 0.17% 0.17% 0.17%
14.14% 13.95% 13.81% 13.90% 14.09% 14.37% 13.97% 13.00% 12.90% 12.83% 12.69% 12.60%
No. of Shareholders 41,63245,42343,50449,26056,83362,62858,48636,12631,21932,17627,73824,852

* 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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