Shree Cement Ltd
SHREECEM NSE
Shree Cement Ltd
Commodities F&ONSE: SHREECEM BSE: 500387 Cement & Cement Products
Key Fundamentals
MidcapCementConstructionMarket Cap
₹89,047 Cr
Volatility
Moderate
P/E Ratio
54.73
EBITDA
₹5,299 Cr
Return on Equity
7.5%
Debt to Equity
0.08
Book Value
₹6,448.74
EPS
₹582.58
52W High
₹31,920
52W Low
₹22,550
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Shree Cement Ltd insights
43 extracted metrics + investor summaries across FY06–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 27.4%
Weaknesses
3- Stock is trading at 3.80 times its book value
- The company has delivered a poor sales growth of 9.08% over past five years.
- Company has a low return on equity of 8.23% over last 3 years.
Growth Rate
Revenue Growth
8.72% ↗
Net Income Growth
55.61% ↗
Cash Flow Change
-22.89% ↘
ROE
43.95% ↗
ROCE
53.37% ↗
EBITDA Margin (Avg.)
7.78% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoAI opinion · based on fundamentals
Risk medium
Shree Cement Ltd trades at a market cap of ₹90,960 Cr with a PE of 56x and PB of 3.94x, reflecting premium valuations against a backdrop of modest profitability (3-year ROE of 8%) and near-zero debt. TTM sales growth of 13% shows recent acceleration, but 5-year profit CAGR remains negative at -6%, and the stock has delivered -16% returns over the past year.
Bull Case 7
- Company is almost debt free, providing significant financial flexibility and resilience during cyclical downturns
- TTM revenue growth of 13% indicates meaningful acceleration compared to the 5-year compounded sales growth of 9%
- 10-year compounded sales CAGR of 14% demonstrates a sustained long-term track record of top-line expansion
- Healthy dividend payout ratio of 27.4% signals disciplined capital allocation and shareholder return focus
- Compounded profit growth of 10% over both TTM and 3-year periods shows recent earnings recovery
- 10-year ROE of 11% reflects historically superior capital efficiency versus current levels, suggesting potential for mean reversion
- Near-zero leverage positions the company well to fund capacity expansion without balance sheet stress
Bear Case 8
- PE ratio of 56x is significantly elevated relative to commodity sector peers, leaving limited margin of safety
- 3-year ROE of just 8% and last year ROE of 8% indicate deteriorating return on capital versus the 10-year average of 11%
- 5-year compounded profit CAGR of -6% reveals sustained earnings contraction over a meaningful period
- Stock price CAGR of -16% over 1 year and -1% over 5 years shows persistent underperformance and value erosion
- PB ratio of 3.94x is elevated for a commodities business with single-digit ROE, implying expensive valuation per unit of equity
- 5-year sales growth of only 9.08% is modest for a company commanding premium multiples in a capital-intensive sector
- Dividend yield of just 0.59% offers minimal income cushion relative to the valuation premium being paid
- 10-year stock CAGR of only 4% suggests long-term shareholders have earned below cost-of-equity returns
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 20h ago Headwinds 2
- EBITDA drops on fuel cost pressure Aug 3
Standalone EBITDA fell to ₹1,074 crore from ₹1,229 crore YoY in Q1FY27 due to higher fuel and raw material costs linked to Middle East conflicts.
- Senior finance advisor passes away Aug 3
Mr. Ashok Bhandari, Senior Advisor (Finance), passed away on August 3, 2026, representing a loss of institutional knowledge in financial governance.
Positives 3
- Volumes surge 15-17% YoY in Q1 Aug 6
Cement sale volumes grew 15-17% YoY to 10.23-11.45 mn tonnes in Q1FY27, with premium products rising to 23.3% of trade volume and eight new RMC plants commissioned.
- 40mn tonne target reaffirmed Aug 6
Management expects cost normalization in Q2FY27 and reaffirms its annual capacity target of 40 mn tonnes, signaling confidence in demand outlook.
- AGM approves ₹70 dividend Aug 1
Shareholders approved ₹70 final dividend and re-elected Prashant Bangur at the 47th AGM on July 31, 2026, with all five resolutions passing overwhelmingly.
Neutral 1
- Q1FY27 earnings call published Aug 2
Audio recording of Q1FY27 earnings conference call held on July 31, 2026 hosted by ICICI Securities is now available on the company website.
TL;DR: Shree Cement delivered strong volume growth of 15-17% YoY in Q1FY27 and is expanding its premium mix and RMC footprint, but elevated fuel costs from geopolitical tensions compressed EBITDA margins. Management's reaffirmation of the 40mn tonne target and expectation of Q2 cost normalization suggest confidence in near-term recovery. The trend is cautiously improving — volumes are tracking well but margin recovery hinges on fuel cost easing in the coming quarter.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,036 | 4,774 | 5,193 | 5,401 | 5,124 | 4,054 | 4,573 | 5,532 | 5,281 | 4,761 | 4,801 | 6,101 | 6,233 |
| Expenses | 4,091 | 3,888 | 3,930 | 3,979 | 4,197 | 3,441 | 3,608 | 4,103 | 3,948 | 3,787 | 3,853 | 4,717 | 4,961 |
| Operating Profit | 945 | 886 | 1,264 | 1,422 | 927 | 613 | 965 | 1,429 | 1,333 | 974 | 947 | 1,384 | 1,272 |
| OPM % | 19% | 19% | 24% | 26% | 18% | 15% | 21% | 26% | 25% | 20% | 20% | 23% | 20% |
| Other Income | 169 | 132 | 147 | 150 | 139 | 181 | 111 | 158 | 235 | 179 | 146 | 101 | 212 |
| Interest | 74 | 67 | 55 | 62 | 56 | 56 | 52 | 41 | 46 | 51 | 59 | 56 | 57 |
| Depreciation | 339 | 412 | 444 | 702 | 704 | 716 | 799 | 788 | 654 | 668 | 710 | 762 | 686 |
| PBT | 700 | 539 | 913 | 807 | 306 | 23 | 225 | 758 | 868 | 434 | 324 | 667 | 741 |
| Tax % | 18% | 17% | 23% | 16% | 9% | -229% | 14% | 24% | 26% | 29% | 17% | 21% | 28% |
| Net Profit | 572 | 447 | 702 | 676 | 278 | 77 | 194 | 575 | 644 | 310 | 268 | 528 | 531 |
| EPS in Rs | 159 | 124 | 195 | 187 | 77.22 | 21.19 | 53.6 | 159 | 178 | 85.51 | 73.92 | 146 | 147 |
Profit & Loss
| Jun 2015 | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,259 | 5,514 | 8,594 | 9,833 | 12,555 | 12,868 | 13,560 | 15,010 | 17,852 | 20,404 | 19,283 | 20,943 | 21,896 |
| Expenses | 4,916 | 4,107 | 6,081 | 7,360 | 9,758 | 9,098 | 9,468 | 11,300 | 14,893 | 15,887 | 15,349 | 16,306 | 17,318 |
| Operating Profit | 1,344 | 1,407 | 2,513 | 2,473 | 2,797 | 3,771 | 4,091 | 3,710 | 2,960 | 4,517 | 3,934 | 4,638 | 4,577 |
| OPM % | 21% | 26% | 29% | 25% | 22% | 29% | 30% | 25% | 17% | 22% | 20% | 22% | 21% |
| Other Income | 102 | 673 | 362 | 389 | 69 | 263 | 426 | 544 | 459 | 598 | 589 | 661 | 637 |
| Interest | 121 | 76 | 129 | 135 | 248 | 291 | 251 | 216 | 263 | 258 | 205 | 212 | 223 |
| Depreciation | 925 | 828 | 1,215 | 899 | 1,472 | 1,808 | 1,262 | 1,146 | 1,661 | 1,897 | 3,007 | 2,794 | 2,826 |
| PBT | 401 | 1,176 | 1,531 | 1,827 | 1,146 | 1,934 | 3,004 | 2,892 | 1,495 | 2,959 | 1,312 | 2,293 | 2,166 |
| Tax % | -6% | 3% | 13% | 24% | 11% | 20% | 24% | 19% | 15% | 19% | 14% | 24% | — |
| Net Profit | 426 | 1,143 | 1,339 | 1,384 | 1,015 | 1,544 | 2,290 | 2,337 | 1,269 | 2,396 | 1,124 | 1,749 | 1,636 |
| EPS in Rs | 122 | 328 | 384 | 397 | 289 | 426 | 634 | 646 | 352 | 664 | 311 | 483 | 452 |
| Div. Payout % | 20% | 7% | 36% | 13% | 21% | 26% | 9% | 14% | 28% | 16% | 35% | 31% | — |
Balance Sheet
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 35 | 35 | 35 | 35 | 35 | 36 | 36 | 36 | 36 | 36 | 36 | 36 |
| Reserves | 5,241 | 6,811 | 7,663 | 8,862 | 9,636 | 13,133 | 15,361 | 17,424 | 18,600 | 20,667 | 21,502 | 23,231 |
| Borrowings | 917 | 881 | 1,293 | 3,403 | 2,803 | 3,146 | 2,230 | 2,129 | 2,725 | 1,656 | 1,046 | 1,868 |
| Other Liabilities | 1,805 | 1,737 | 2,175 | 2,842 | 3,019 | 3,629 | 3,886 | 4,159 | 4,973 | 5,566 | 5,880 | 6,312 |
| Total Liabilities | 7,998 | 9,463 | 11,166 | 15,142 | 15,493 | 19,944 | 21,513 | 23,749 | 26,334 | 27,925 | 28,464 | 31,448 |
| Fixed Assets | 3,004 | 3,050 | 2,599 | 3,589 | 6,182 | 6,163 | 6,216 | 7,282 | 7,481 | 9,591 | 9,315 | 11,207 |
| CWIP | 511 | 264 | 710 | 1,427 | 1,129 | 1,197 | 997 | 1,054 | 2,797 | 1,930 | 3,796 | 1,466 |
| Investments | 1,662 | 3,030 | 4,042 | 5,434 | 2,286 | 6,358 | 8,500 | 9,033 | 8,683 | 7,556 | 7,849 | 10,272 |
| Other Assets | 2,820 | 3,118 | 3,814 | 4,691 | 5,896 | 6,227 | 5,800 | 6,380 | 7,373 | 8,848 | 7,504 | 8,503 |
| Total Assets | 7,998 | 9,463 | 11,166 | 15,142 | 15,493 | 19,944 | 21,513 | 23,749 | 26,334 | 27,925 | 28,464 | 31,448 |
Cash Flow
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 1,239 | 1,566 | 2,202 | 1,879 | 2,080 | 3,973 | 4,254 | 2,668 | 2,569 | 3,347 | 4,920 | 3,794 |
| Investing | -990 | -1,265 | -2,048 | -3,595 | -720 | -5,590 | -2,651 | -2,143 | -2,405 | -1,418 | -3,726 | -3,714 |
| Financing | -259 | -271 | -167 | 1,726 | -1,276 | 1,581 | -1,233 | -849 | -277 | -1,710 | -1,296 | -110 |
| Net Cash Flow | -10 | 31 | -13 | 10 | 84 | -36 | 370 | -324 | -113 | 220 | -102 | -30 |
| Free Cash Flow | 115 | 832 | 922 | -648 | 158 | 2,433 | 3,125 | 459 | -710 | 178 | 837 | 1,979 |
| CFO/OP | 99 | 121 | 99 | 96 | 83 | 118 | 122 | 77 | 98 | 84 | 136 | 89 |
Ratios
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28 | 22 | 14 | 17 | 30 | 31 | 18 | 19 | 25 | 23 | 27 | 32 |
| Inventory Days | 708 | 657 | 765 | 743 | 672 | 631 | 585 | 878 | 703 | 670 | 444 | 469 |
| Days Payable | 225 | 207 | 205 | 345 | 193 | 242 | 301 | 313 | 305 | 229 | 247 | 274 |
| Cash Conversion Cycle | 511 | 472 | 575 | 416 | 509 | 420 | 302 | 584 | 423 | 464 | 223 | 227 |
| Working Capital Days | 18 | 32 | 22 | 11 | 62 | 5 | -21 | -1 | -27 | 7 | -8 | -10 |
| ROCE % | 9% | 18% | 20% | 18% | 13% | 15% | 19% | 17% | 9% | 15% | 7% | 10% |
Documents
1
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9h - Transcript of the Conference Call held on 6th May, 2026, relating to Financial Results of the Company for the quarter ended 31st March, 2026 9h - Transcript of the Conference Call held on 6th May, 2026, relating to Financial Results of the Company for the quarter ended 31st March, 2026
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 May - Newspaper Advertisement for publication of Financial results of the Company for the Quarter and Year ended 31st March, 2026 7 May - Newspaper Advertisement for publication of Financial results of the Company for the Quarter and Year ended 31st March, 2026
3
Board Meeting Outcome for Approval Of Audited Financial Results For The Quarter And Year Ended 31St March, 2026 And Recommendation Of Final Dividend
10h - FY26 audited results approved; Rs70 final dividend recommended; 3.5 MTPA Karnataka plant commissioned. 10h - FY26 audited results approved; Rs70 final dividend recommended; 3.5 MTPA Karnataka plant commissioned.
4
Financial Results For The Quarter And Year Ended 31St March, 2026
6 May - Board approved FY26 audited results, recommended Rs 70 dividend, and commissioned 3.5 MTPA Kodla cement plant. 6 May - Board approved FY26 audited results, recommended Rs 70 dividend, and commissioned 3.5 MTPA Kodla cement plant.
5
Announcement under Regulation 30 (LODR)-Press Release / Media Release
6 May - Shree Cement reported Q4FY26 results, commissioned 3.65 MTPA Kodla plant, and recommended ₹70 final dividend. 6 May - Shree Cement reported Q4FY26 results, commissioned 3.65 MTPA Kodla plant, and recommended ₹70 final dividend.
Frequently Asked Questions about Shree Cement Ltd
What does Shree Cement Ltd do?
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]
Where is Shree Cement Ltd (SHREECEM) listed?
Shree Cement Ltd is listed on the Indian stock exchanges. It is listed on NSE: SHREECEM and BSE: 500387. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Shree Cement Ltd belong to?
Shree Cement Ltd operates in the Commodities sector within the Cement & Cement Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Shree Cement Ltd?
Shree Cement Ltd has a market capitalisation of approximately ₹89047.29 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Shree Cement Ltd?
The Price-to-Earnings (PE) ratio of Shree Cement Ltd is 54.73. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Shree Cement Ltd?
Over the past 52 weeks, Shree Cement Ltd has traded between a low of ₹22,550 and a high of ₹31,920. This range helps investors understand the stock's price volatility and recent trading levels.
Does Shree Cement Ltd pay dividends?
Yes, Shree Cement Ltd has a dividend yield of 0.61%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Shree Cement Ltd?
Shree Cement Ltd has a Return on Equity (ROE) of 7.50%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Shree Cement Ltd on Tapetide?
On Tapetide, you can view Shree Cement Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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]
Website shreecement.com
CEO Mr. Hari Mohan Bangur
Employees 7,022
Listed 1995-04-26
Face Value ₹ 10
Issued Size 3,60,80,748