Skip to content
Shree Cement logo

Shree Cement

SHREECEM NSE
₹24,175.00 +265.00 (+1.11%)
P/E
53.51
View as Markdown
MCP
Close 4 Nov 2026 ₹24,175.00 −3,275.00 −11.9% 1Y
Start ₹27,450.00

Key Fundamentals

MidcapCement & Cement ProductsConstruction Materials

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
10.30%
Debt to Equity
0.08
EPS (TTM)
₹451.80
Book Value
₹6,613.61
Market Cap
—
P/E (TTM)
53.51
P/B
3.66
ROE
7.51%
Dividend Yield
0.63%
EBITDA
₹5,299 Cr
52W High
₹28,090.00
52W Low
₹21,355.00
Day Range
₹23,885.00 – ₹24,345.00
Volume
14,387

Peer Comparison

Commodities › Construction › Cement › Cement & Cement Products

Shree Cement peer comparison
UltraTech Cement
₹11,816.0039.56₹3,46,219 Cr4.732.05%11.10%12.70%₹95,572 Cr₹8,834 Cr
Grasim Industries
₹3,138.0037.92₹2,11,790 Cr2.050.32%4.98%8.01%₹1,84,029 Cr₹11,261 Cr
Ambuja Cements
₹375.9521.09₹92,920 Cr1.570.54%8.85%5.61%₹39,867 Cr₹5,222 Cr
Shree Cement (this company)
₹24,175.0053.51₹86,846 Cr3.660.63%7.51%10.30%₹21,896 Cr₹1,637 Cr
JK Cement
₹5,076.3041.48₹39,409 Cr5.340.39%15.60%15.10%₹14,401 Cr₹939 Cr
Dalmia Bharat
₹1,407.0028.29₹26,437 Cr1.480.29%6.11%7.59%₹15,058 Cr₹953 Cr
ACC
₹1,185.3011.66₹22,384 Cr1.080.64%10.90%11.20%₹25,442 Cr₹1,908 Cr
Median 7 companies₹3,138.0037.92₹86,846 Cr2.050.54%8.85%10.30%₹25,442 Cr₹1,908 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

50 Average

Data confidence 100/100

Category scores

Quality
57
Good
Returns, margins, earnings quality 22% weight
Valuation
49
Average
Cheap vs sector & own history 24% weight
Growth
50
Average
Sales & profit trajectory 9% weight
Financial Health
63
Good
Solvency, leverage, coverage 9% weight
Momentum
37
Weak
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 3.50 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.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish649
OscillatorsBearish342
Moving AveragesStrong Bullish307

Key readings

RSI (14)
67.01
Neutral
MACD (12,26,9)
293.02
Bullish
SMA (50)
22,829.70
Bullish
SMA (200)
24,815.68
Bearish

As of

Analyst Rating

Based on 37 analysts
BUY62%

23 of 37 analysts rate Buy, 8 Hold, 6 Sell.

As of

BUY
23
62%
HOLD
8
22%
SELL
6
16%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10YIrregular period
5Y+9.08%
3Y+5.47%
1Y+8.61%
TTM+12.63%

Net profit

Net profit growth by window
10YIrregular period
5Y−5.25%
3Y+11.29%
1Y+55.60%
TTM+9.87%

Operating cash flow

Operating cash flow growth by window
10YIrregular period
5Y−2.26%
3Y+13.88%
1Y−22.89%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YIrregular period
5Y−8.02 pp
3Y+5.57 pp
1Y+1.75 pp
TTM−1.43 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹8,594 Cr
Mar 2018₹9,833 Cr
Mar 2019₹12,555 Cr
Mar 2020₹12,868 Cr
Mar 2021₹13,560 Cr
Mar 2022₹15,010 Cr
Mar 2023₹17,852 Cr
Mar 2024₹20,404 Cr
Mar 2025₹19,283 Cr
Mar 2026₹20,943 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,339 Cr
Mar 2018₹1,384 Cr
Mar 2019₹1,015 Cr
Mar 2020₹1,544 Cr
Mar 2021₹2,290 Cr
Mar 2022₹2,337 Cr
Mar 2023₹1,269 Cr
Mar 2024₹2,396 Cr
Mar 2025₹1,124 Cr
Mar 2026₹1,749 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹1,148 Cr +1.7% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk medium

As of 2026-11-03, Shree Cement Ltd trades at ₹23,910 with a market cap of ₹86,882 Cr, commanding a P/E of 52.92x and a P/B of 3.62x. The company is virtually debt-free with a debt-to-equity ratio of 0.08, but its return on equity stands at 7.5% and the stock is down roughly 15% from its 52-week high of ₹28,090.

Bull Case 6
  • Near debt-free balance sheet with a debt-to-equity ratio of just 0.08, providing significant financial flexibility and resilience through economic cycles.
  • Compounded sales growth of 14% over the past 10 years demonstrates a long track record of consistent revenue expansion.
  • TTM revenue growth has accelerated to 13%, indicating a recent pickup in top-line momentum.
  • TTM profit growth of 10% shows earnings are trending upward after a difficult stretch where 5-year compounded profit growth was negative at -6%.
  • The company maintains a healthy dividend payout ratio of 27.4%, returning cash to shareholders while retaining enough for capex.
  • Dividend yield of 0.64% offers a modest but steady income component, supported by the strong balance sheet.
Bear Case 8
  • A trailing P/E of 52.92x is significantly above the broader market and most cement sector peers, demanding high future earnings growth to justify the premium.
  • Return on equity of 7.5% is modest for a company trading at 3.62x book value, indicating the market valuation far outstrips the returns generated on shareholder capital.
  • Five-year compounded profit growth is negative at -6%, reflecting a prolonged period of earnings pressure despite revenue growth.
  • Three-year average ROE of 8% and five-year average ROE of 9% represent a declining trend from the 10-year average of 11%, suggesting structural margin compression.
  • Five-year compounded sales growth of 9% is below the 10-year rate of 14%, pointing to a deceleration in the company's revenue expansion trajectory.
  • The stock has delivered a 1-year return of -23% and a 5-year CAGR of -4%, significantly underperforming broader indices over both periods.
  • ROCE of 10.23% is low relative to the elevated valuation multiples, indicating capital is not being deployed at high-return rates.
  • Three-year stock CAGR of -5% indicates sustained investor de-rating, reflecting market scepticism about the growth-to-valuation equation.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Shree Cement delivered strong volume and revenue growth in Q2FY27 (18% domestic volume growth, 24% revenue increase) and its premiumisation push is clearly working, but profitability is under pressure with net profit down 15% and EBITDA margins contracting 330 bps on higher input costs. The market rewarded the top-line beat with a 5% rally, suggesting investors are looking through near-term margin headwinds. Capacity expansion in the UAE and a high green energy mix strengthen the long-term positioning, though rural demand risks from a weak monsoon and persistent fuel cost inflation bear watching in the coming quarters.

Headwinds 4
  • Q2 net profit drops 15% YoY Oct 23

    Consolidated net profit fell 15.2% YoY to ₹263 crore in Q2FY27 vs ₹310 crore in Q2FY26, reflecting margin pressure from elevated fuel costs.

  • EBITDA margin contracts 330 bps Oct 23

    EBITDA margin shrank to 17.2% from 20.5% YoY, with per-ton EBITDA declining 8% from ₹1,055 to ₹966, signaling cost pressures offsetting volume gains.

  • Weak monsoon risk to demand Oct 23

    Management flagged that a weak monsoon could weigh on rural cement demand in upcoming quarters.

Positives 5
  • Revenue surges 24% YoY Oct 23

    Revenue from operations grew 23.9% YoY to ₹5,897 crore in Q2FY27, significantly beating expectations on the back of 18% domestic volume growth to 9.31 million tonnes.

  • Shares rally 5% post results Oct 23

    Stock surged 5.3% from an intraday low of ₹21,770 to ₹22,930, outperforming the Nifty 50 which fell 0.9%, reflecting market confidence in the top-line beat.

  • Premiumisation strategy gains traction Oct 23

    Premium product share in India trade volume jumped to 28.7% in Q2FY27 from 21.1% in Q2FY26, supporting pricing power and brand positioning.

Neutral 2
  • Trading subsidiary planned in China Oct 14

    Shree Cement's UAE subsidiary approved incorporating a new entity in Shanghai for import and export trading activities.

  • Promoter group reclassification request Oct 8

    Riya Puja Jain, holding just 0.0057% in Shree Cement, sought reclassification from Promoter Group to Public category under SEBI Reg 31A.

Quarterly Results

₹ Cr
SHREECEM quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 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
5,897
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
4,880
Operating Profit
945
886
1,264
1,422
927
613
965
1,429
1,333
974
947
1,384
1,272
1,016
OPM %
19%
19%
24%
26%
18%
15%
21%
26%
25%
20%
20%
23%
20%
17%
Other Income
169
132
147
150
139
181
111
158
235
179
146
101
212
112
Interest
74
67
55
62
56
56
52
41
46
51
59
56
57
59
Depreciation
339
412
444
702
704
716
799
788
654
668
710
762
686
703
PBT
700
539
913
807
306
23
225
758
868
434
324
667
741
367
Tax %
18%
17%
23%
16%
9%
−229%
14%
24%
26%
29%
17%
21%
28%
28%
Net Profit
572
447
702
676
278
77
194
575
644
310
268
528
531
263
EPS (₹)
159
124
195
187
77.22
21.19
53.6
159
178
85.51
73.92
146
147
—

Sep 2026: from the results filed on 23 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
SHREECEM profit and loss, annual, ₹ crore
Particulars Jun 2015Mar 2016 9mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
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

₹ Cr
SHREECEM balance sheet, annual, ₹ crore
Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
SHREECEM cash flow, annual, ₹ crore
Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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/EBITDA
99
121
99
96
83
118
122
77
98
84
136
89

Ratios

SHREECEM financial ratios, annual
Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Shree Cement insights

73 extracted metrics across FY06–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 62.55%
  • DIIs 16.48%
  • Others 10.79%
  • FIIs 8.45%
  • Public 1.73%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Shree Cement

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.
Where is Shree Cement Ltd (SHREECEM) listed?
Shree Cement Ltd trades as SHREECEM on the NSE and under code 500387 on the BSE.
Which sector does Shree Cement Ltd belong to?
Shree Cement Ltd is classified under the Construction sector, in the Cement industry.
What is the PE ratio of Shree Cement Ltd?
Shree Cement Ltd trades at a PE ratio of 53.51 as of 4 Nov 2026, on earnings per share of ₹451.8, against a book value of ₹6,613.61 per share.
What is the 52-week high and low of Shree Cement Ltd?
Over the last 52 weeks Shree Cement Ltd has traded between ₹21,355 and ₹28,090 as of 4 Nov 2026.
Does Shree Cement Ltd pay dividends?
Shree Cement Ltd has a dividend yield of 0.63%.
What is the Return on Equity (ROE) of Shree Cement Ltd?
Shree Cement Ltd reported a return on equity of 7.51%. Its debt-to-equity ratio is 0.08.

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.

Website shreecement.com
CEO Mr. Hari Mohan Bangur
Employees 7,022
Listed 26 Apr 1995
Face Value ₹10

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/SHREECEM.md for Shree Cement Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Cement stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month