Shree Cement Ltd

₹ 21,237 2.66%
05 Aug - close price
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]

  • Market Cap 76,626 Cr.
  • Current Price 21,237
  • High / Low 31,470 / 17,865
  • Stock P/E 38.7
  • Book Value 4,839
  • Dividend Yield 0.42 %
  • ROCE 16.6 %
  • ROE 14.1 %
  • Face Value 10.0

Pros

Cons

  • The company has delivered a poor sales growth of 11.8% 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
3,303 3,004 3,146 3,415 2,487 3,281 3,557 4,235 3,635 3,373 3,637 4,364 4,415
2,355 2,129 2,266 2,358 1,799 2,262 2,431 2,989 2,612 2,452 2,792 3,445 3,614
Operating Profit 948 875 880 1,057 688 1,019 1,126 1,246 1,023 921 845 919 801
OPM % 29% 29% 28% 31% 28% 31% 32% 29% 28% 27% 23% 21% 18%
52 59 66 98 127 84 108 120 141 154 114 137 -20
Interest 69 73 75 74 72 64 60 56 54 56 54 52 55
Depreciation 428 455 460 465 300 310 322 330 274 290 285 297 350
Profit before tax 502 406 410 616 443 730 852 980 836 729 620 707 376
Tax % 24% 23% 24% 13% 25% 28% 26% 18% 25% 23% 22% 7% 26%
Net Profit 380 311 310 536 330 527 631 798 630 563 482 657 280
EPS in Rs 108.98 89.16 85.82 148.54 91.35 146.05 174.85 221.29 174.58 155.99 133.58 182.16 77.47

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 TTM
5,418 5,715 6,259 5,514 8,594 9,833 12,555 12,868 13,560 15,010 15,790
3,857 4,325 4,916 4,107 6,081 7,360 9,758 9,098 9,468 11,300 12,304
Operating Profit 1,561 1,390 1,344 1,407 2,513 2,473 2,797 3,771 4,091 3,710 3,486
OPM % 29% 24% 21% 26% 29% 25% 22% 29% 30% 25% 22%
187 104 102 673 362 389 69 263 426 544 385
Interest 193 129 121 76 129 135 248 291 251 216 217
Depreciation 436 550 925 828 1,215 899 1,472 1,808 1,262 1,146 1,222
Profit before tax 1,119 815 401 1,176 1,531 1,827 1,146 1,934 3,004 2,892 2,431
Tax % 10% 3% -6% 3% 13% 24% 11% 20% 24% 19%
Net Profit 1,004 787 426 1,143 1,339 1,384 1,006 1,536 2,286 2,332 1,982
EPS in Rs 288.18 225.97 122.37 328.13 384.38 397.32 288.86 425.67 633.54 646.31 549.20
Dividend Payout % 7% 10% 20% 7% 36% 13% 21% 26% 9% 14%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 6%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 26%
TTM: -23%
Stock Price CAGR
10 Years: 21%
5 Years: 3%
3 Years: 2%
1 Year: -25%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 15%
Last Year: 14%

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
35 35 35 35 35 35 35 36 36 36
Reserves 3,809 4,676 5,241 6,811 7,663 8,862 9,636 13,133 15,361 17,424
1,288 1,200 917 881 1,293 3,403 2,803 3,146 2,230 2,129
1,028 1,418 1,805 1,737 2,175 2,842 3,019 3,629 3,886 4,159
Total Liabilities 6,160 7,329 7,998 9,463 11,166 15,142 15,493 19,944 21,513 23,749
1,782 2,194 3,004 3,050 2,599 3,589 6,182 6,163 6,216 7,282
CWIP 133 758 511 264 710 1,427 1,129 1,197 997 1,054
Investments 2,203 2,244 1,662 3,030 4,042 5,434 2,286 6,358 8,500 9,033
2,042 2,132 2,820 3,118 3,814 4,691 5,896 6,227 5,800 6,380
Total Assets 6,160 7,329 7,998 9,463 11,166 15,142 15,493 19,944 21,513 23,749

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

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
Debtor Days 21 19 28 22 14 17 30 31 18 19
Inventory Days 496 703 708 657 765 743 672 631 585 878
Days Payable 75 163 225 207 205 345 193 242 301 313
Cash Conversion Cycle 441 559 511 472 575 416 509 420 302 584
Working Capital Days 21 37 31 45 55 55 75 25 -7 8
ROCE % 18% 9% 18% 20% 18% 13% 16% 19% 17%

Shareholding Pattern

Numbers in percentages

6 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
64.79 62.55 62.55 62.55 62.55 62.55 62.55 62.55 62.55 62.55 62.55 62.55
11.88 13.20 11.90 11.55 11.37 12.18 12.51 13.02 13.53 13.05 12.20 11.85
8.57 9.89 11.22 11.65 11.54 11.07 10.80 10.48 10.11 10.50 11.16 11.23
14.76 14.35 14.32 14.24 14.54 14.20 14.14 13.95 13.81 13.90 14.09 14.37

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