Shree Cements Share Price

Name: Shree Cements
Brand: Shree Cements

Large Cap

₹24,695.9

-169.4 (-0.68%)

Advice
Hold

06 November, 2024 02:48 BSE: 500387 NSE: SHREECEM ISIN: INE070A01015

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Shree Cements Performance

Day Range

Low 24,601
High 25,000

₹ 24,695

52 Week Range

Low 23,700
High 30,738

₹ 24,695

Open Price24,870
Previous Close24,865
Volume8774

Shree Cements Chart

Over 1 Month -5.14%
Over 3 Month -9.52%
Over 6 Month -4.08%
Over 1 Year -4.86%

Shree Cements Key Statistics

P/E Ratio	42.4
PEG Ratio	1.2
Market Cap Cr	89,105
Price to Book Ratio	4.3
EPS	688.5
Dividend	0.4
Relative Strength Index	43.61
Money Flow Index	59.25
MACD Signal	-136.15
Average True Range	496.76

Shree Cements F&O

Shree Cements Futures Shree Cements Option Chain

Shree Cements Investment Rating

Master Rating:
Shree Cement Ltd. is one of India's top cement producers, offering a wide range of cement and power products. With manufacturing plants across India and overseas, it focuses on sustainable practices and energy-efficient production.
Shree Cement has an operating revenue of Rs. 20,580.11 Cr. on a trailing 12-month basis. An annual revenue growth of 15% is outstanding, Pre-tax margin of 14% is healthy, ROE of 11% is good. The company has a reasonable debt to equity of 3%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. It is currently FORMING a base in its weekly chart and is trading around 13% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 41 which is a POOR score indicating inconsistency in earnings, a RS Rating of 23 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at C which is evident from recent supply seen, Group Rank of 114 indicates it belongs to a poor industry group of Bldg-Cement/Concrt/Ag and a Master Score of D is close to being the worst. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.
Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Shree Cements Financials

Standalone Consolidated

Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios
Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios

Indicator	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023
Oper Rev Qtr Cr	4,835	5,101	4,901	4,585	4,999	4,785
Operating Expenses Qtr Cr	3,918	3,774	3,667	3,715	4,066	3,893
Operating Profit Qtr Cr	916	1,327	1,234	870	933	892
Depreciation Qtr Cr	643	628	347	331	308	442
Interest Qtr Cr	57	65	56	68	75	73
Tax Qtr Cr	33	110	232	105	129	-33
Net Profit Qtr Cr	318	662	734	491	581	546

Indicator	Mar 2024	Mar 2023
Total Revenue Annual Cr	20,147	17,269
Operating Expenses Annual Cr	15,222	13,895
Operating Profit Annual in Cr	4,364	2,942
Depreciation Cr	1,615	1,546
Interest Annual Cr	264	269
Tax Annual Cr	577	231
Net Profit Annual Cr	2,468	1,328

Indicator	Mar 2024	Mar 2023
Cash from Operating Activity Annual Cr	3,304	2,704
Cash from Investing Activity Annual Cr	-1,350	-2,409
Cash from Financing Annual Activity Cr	-1,794	-315
Net Cash Flow Annual Cr	160	-20

Indicator	Mar 2024	Mar 2023
Total ShareHolders Funds Annual Cr	20,384	18,288
Fixed Assets Annual Cr	8,931	7,653
Total Non Current Assets Annual Cr	16,188	17,683
Total Current Assets Annual Cr	11,231	8,136
Total Assets Annual Cr	27,419	25,819

Indicator	Mar 2024	Mar 2023
Book Value Per Share Annual Rs	5,650	5,069
ROE Annual %	12	7
ROCE Annual %	15	10
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	25	20

Indicator	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023
Oper Rev Qtr Cr	5,124	5,433	5,223	4,800	5,065	5,100
Operating Expenses Qtr Cr	4,197	4,011	3,959	3,914	4,120	4,211
Operating Profit Qtr Cr	927	1,422	1,264	886	945	889
Depreciation Qtr Cr	704	702	444	412	339	473
Interest Qtr Cr	56	62	55	67	74	71
Tax Qtr Cr	27	131	211	93	128	-34
Net Profit Qtr Cr	279	675	702	447	572	526

Indicator	Mar 2024	Mar 2023
Total Revenue Annual Cr	21,119	18,311
Operating Expenses Annual Cr	16,004	14,893
Operating Profit Annual in Cr	4,517	2,960
Depreciation Cr	1,897	1,661
Interest Annual Cr	258	263
Tax Annual Cr	563	226
Net Profit Annual Cr	2,396	1,271

Indicator	Mar 2024	Mar 2023
Cash from Operating Activity Annual Cr	3,347	2,569
Cash from Investing Activity Annual Cr	-1,418	-2,414
Cash from Financing Annual Activity Cr	-1,710	-277
Net Cash Flow Annual Cr	219	-122

Indicator	Mar 2024	Mar 2023
Total ShareHolders Funds Annual Cr	20,703	18,636
Fixed Assets Annual Cr	11,521	10,277
Total Non Current Assets Annual Cr	15,741	17,366
Total Current Assets Annual Cr	12,212	8,968
Total Assets Annual Cr	27,953	26,334

Indicator	Mar 2024	Mar 2023
Book Value Per Share Annual Rs	5,749	5,177
ROE Annual %	12	7
ROCE Annual %	15	9
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	25	19

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Shree Cements Technicals

EMA & SMA

Current Price

₹24,695.9

-169.4 (-0.68%)

Bullish Moving Average
___
0

Bearish Moving Average
___
16

EMA SMA

20 Day
₹24,999.37

50 Day
₹25,274.23

100 Day
₹25,598.35

200 Day
₹25,795.43

20 Day
₹24,766.63

50 Day
₹25,291.92

100 Day
₹26,041.01

200 Day
₹25,999.21

Shree Cements Resistance and Support

PIVOT

₹24,765.64

Resistance
First Resistance	24,930.27
Second Resistance	25,164.63
Third Resistance	25,329.27

RSI	43.61
MFI	59.25
MACD Single Line	-136.15
MACD	-93.30

Support
First Support	24,531.27
Second Support	24,366.63
Third Supoort	24,132.27

Shree Cements Delivery and Volume

Period	NSE + BSE Volume Avg	NSE + BSE Delivery Volume Avg	NSE + BSE Delivery Volume %
Day	8,962	333,924	37.26
Week	18,324	1,007,831	55
1 Month	27,521	1,404,371	51.03
6 Month	45,925	2,530,030	55.09

Shree Cements Result Highlights

Shree Cements Synopsis

NSE-Bldg-Cement/Concrt/Ag

Shree Cement Ltd. is a leading cement manufacturer in India, offering high-quality cement products for infrastructure, construction, and housing projects. The company operates several manufacturing plants across India, along with an international presence in the UAE. Known for its environmentally sustainable practices, Shree Cement emphasizes energy efficiency and uses renewable energy sources in its production processes. In addition to cement, the company is involved in power generation through its captive power plants. Shree Cement is dedicated to innovation, operational excellence, and sustainable growth, making it a key player in India's construction and industrial sectors.

Market Cap	89,716
Sales	19,421
Shares in Float	1.33
No of funds	537
Yield	0.42

Book Value	4.4
U/D Vol ratio	1.1
LTDebt / Equity	3
Alpha	-0.08
Beta	0.57

Shree Cements Shareholding Pattern

Owner Name	Sep-24	Jun-24	Mar-24	Dec-23
Promoters	62.55%	62.55%	62.55%	62.55%
Mutual Funds	9.24%	7.91%	7.55%	7.72%
Insurance Companies	4.87%	4.67%	4.36%	4.43%
Foreign Portfolio Investors	10.39%	11.85%	12.47%	12.31%
Financial Institutions/ Banks
Individual Investors	1.89%	1.86%	1.9%	1.86%
Others	11.06%	11.16%	11.17%	11.13%

Shree Cements Management

Name	Designation
Mr. H M Bangur	Chairman
Mr. Prashant Bangur	Vice Chairman
Mr. Neeraj Akhoury	Managing Director
Mr. Zubair Ahmed	Independent Director
Mr. Shreekant Somany	Independent Director
Mr. Sushil Kumar Roongta	Independent Director
Ms. Uma Ghurka	Independent Director
Mr. Sanjiv Krishnaji Shelgikar	Independent Director

Shree Cements Forecast

Price Estimates

2,000(9.8%)

1,758(-3.5%)

1,590(-12.7%)

Other Analyst Rating

Date	Purpose	Remarks
2024-11-11	Quarterly Results
2024-08-06	Quarterly Results
2024-05-14	Audited Results & Final Dividend
2024-01-31	Quarterly Results & Interim Dividend
2023-11-07	Quarterly Results

Date	Purpose	Remarks
2024-07-23	FINAL	Rs.55.00 per share(550%)Final Dividend
2024-02-08	INTERIM	Rs.50.00 per share(500%)Interim Dividend
2023-06-01	INTERIM	Rs.55.00 per share (550%) Second Interim Dividend
2023-02-16	INTERIM	Rs.45.00 per share(450%)Interim Dividend
2022-07-14	FINAL	Rs.45.00 per share(450%)Final Dividend

About Shree Cements

Shree Cements stands as a prominent leader in India's cement manufacturing industry, renowned for its top-notch products and innovative practices. Established in 1979, the company has consistently embraced cutting-edge technologies, earning a prominent position in the cement sector.

Since its inception, Shree Cements has remained steadfast in its commitment to sustainable and inclusive growth. This dedication is fostered through a culture that fosters continuous improvement, innovation, care, and collaboration. Such values drive operational excellence, enhancing the quality of products, processes, and people. As a result, the company has garnered a reputation for exceptional customer care and expanded its market reach across India and the Middle East.

Shree Cement stands as a force to be reckoned with with a total cement production capacity of 47.4 million tonnes per year, including a substantial power generation capacity of 752 megawatts and overseas operations.

The company operates across India and the UAE, operating four integrated plants in India and one in the UAE, along with nine grinding units. Shree Cement has also been a trailblazer in adopting alternate fuel resources for cement production, boasting the second-highest installed capacity of Waste Heat Recovery Power plants globally, just behind China.

While their past performance has been remarkable, Shree Cement maintains a culture that shuns complacency. Instead, they embrace challenges as opportunities to gain a competitive edge. Their willingness to break new grounds, create synergies, and set new benchmarks propels them towards continuous progress and success.

History and Milestones

Shree Cement was founded by BG Bangur in 1979. Their first plant in Rajasthan was commissioned in 1983, and production commenced in 1985. Originally a family business, the Bangur family gained complete control over the enterprise in 1995. The company's current head, 70-year-old Hari Mohan Bangur, joined his father in 1975 after graduating from IIT Bombay. In 2003, Prashant Bangur, HM Bangur's son, was also incorporated into the business.

In November 2019, the company successfully raised ₹2,399.99 crore through a qualified institutional program at a share price of ₹19,806.46. Two years later, in September 2021, following the fund-raising, the company disclosed its plan to invest ₹4,750 crore as part of its capex expansion strategy until FY 2024. The investment includes commissioning an integrated cement plant in Nawalgarh, Rajasthan, expected to be operational by December 2023. The Rajasthan plant comprises a 3.8 MTPA clinker and 3.5 MTPA cement facility. Additionally, the capex covers a clinker plant of capacity 3 MTPA near Purulia, West Bengal.

Awards and Recognitions

Shree Cements' unwavering commitment to quality, sustainability, and innovation has earned it numerous accolades and recognition in the industry. Some of the prestigious awards the company has received include:

● CII Strong Commitment to HR Excellence 2019
● Best in Cement and Building Materials by GPTW India 2020
● India’s Top 100 Places to Work For by GPTW India 2020
● Great Place to Work Certified by GPTW India 2020
● Golden Peacock Award for HR Excellence 2019
● Best Employer of 2018 by The Employers Association of Rajasthan
● ICC Corporate Governance and Sustainability Vision 2020
● Global Sustainability Award 2019
● CII SCALE Logistics and Supply Chain Excellence 2019
● Best Quality Excellence 2018-19 by NCCBM
● Best Risk Management Framework and Systems Sustainability by India Risk Management
● State CSR Excellence Award 2019 by The Government of Rajasthan
● Bhamashah Samman 2019 for CSR by The Government of Rajasthan
● Industry Champion Award 2019 by Rajasthan Chamber of Commerce and Industry

Important Facts

Owner: The House of Bangurs
Number of employees: 6,185
Total equity: ₹18,677 crore (US$2.3 billion)
Total assets: ₹26,334 crore (US$3.3 billion)
Website: shreecement.com

According to Mr. H.M. Bangur, the Managing Director of Shree Cement Ltd., the company is highly optimistic ('bullish') and actively establishing new factories. The upcoming projects include the Puralia plant in West Bengal, which is expected to be completed by March 2023, and a larger plant in Rajasthan with an estimated cost of ₹3,500 crore, scheduled for completion between December 2023 and March 2024. Additionally, a new plant in Andhra Pradesh has just begun and is anticipated to be finished by March 2024.

The collective investment for these projects amounts to approximately ₹6,500 crore, contributing a total of 10 million tonnes (mt) to the overall cement production capacity. The current total production stands at 57 mt. Shree Cement's ambitious goal is to achieve a production capacity of 80 mt by the year 2030.

Shree Cements FAQs

What is Share Price of Shree Cements ?

Shree Cements share price is ₹24,695 As on 06 November, 2024 | 02:34

What is the Market Cap of Shree Cements ?

The Market Cap of Shree Cements is ₹89104.5 Cr As on 06 November, 2024 | 02:34

What is the P/E ratio of Shree Cements ?

The P/E ratio of Shree Cements is 42.4 As on 06 November, 2024 | 02:34

What is the PB ratio of Shree Cements ?

The PB ratio of Shree Cements is 4.3 As on 06 November, 2024 | 02:34

What is the debt to equity ratio of Shree Cement?

Shree Cement has a reasonable debt to equity of 9%, which signals a healthy balance sheet.

Who is the Chairman of Shree Cement?

Shri B G Bangur is the Chairman of Shree Cement.

When was Shree Cement founded?

Shree Cement Ltd was incorporated in the year 1979 in Beawar, Rajasthan.

Is Shree Cement a good company for investing?

Shree Cement has an operating revenue of INR 14,754.47 Cr. on a trailing 12-month basis. Annual revenue growth of 6% is not great, Pre-tax margin of 22% is great. Institutional holding has gone up in the last reported quarter is a positive sign. Analyst Recommendation on Shree Cement: HOLD

What is the ROE of Shree Cement?

The ROE of Shree Cement is 14% which is good.

Shree Cements Key Statistics

P/E Ratio	42.4
PEG Ratio	1.2
Market Cap Cr	89,105
Price to Book Ratio	4.3
EPS	688.5
Dividend	0.4
Relative Strength Index	43.61
Money Flow Index	59.25
MACD Signal	-136.15
Average True Range	496.76

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