Shree Cement
SHREECEM NSE
Shree Cement
Commodities F&ONSE: SHREECEM BSE: 500387 Cement & Cement Products
Key Fundamentals
MidcapCementConstructionMarket Cap
₹80,983 Cr
Volatility
Moderate
P/E Ratio
49.96
EBITDA
₹5,299 Cr
Return on Equity
7.5%
Debt to Equity
0.08
Book Value
₹6,448.74
EPS
₹582.58
52W High
₹30,520
52W Low
₹22,550
Tapetide Score
Data-driven rating, 0–100. How it works →
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.
Growth Rate
Revenue Growth
8.72% higher than
3Y
Net Income Growth
55.61% higher than
3Y
Cash Flow Change
-22.89% lower than
3Y
ROE
43.95% higher than
3Y
ROCE
53.37% higher than
3Y
EBITDA Margin (Avg.)
7.78% higher than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoAI opinion · based on fundamentals
Risk high
Shree Cement Ltd, with a market cap of ~₹80,983 Cr, trades at a PE of 50.2x and PB of 3.53x. The company is nearly debt-free and maintains a 27.4% dividend payout, but ROE has declined to 8% over the last 3 years while the stock has delivered a negative 1-year return of -24%. TTM sales growth of 13% shows some recovery, though 5-year compounded profit growth remains negative at -6%.
Bull Case 7
- The company is almost debt-free, providing significant financial flexibility and resilience during cyclical downturns in the cement sector.
- TTM revenue growth has accelerated to 13%, a meaningful improvement over the 5-year compounded sales CAGR of 9% and 3-year CAGR of 5%.
- Compounded profit growth has improved to 10% on both a TTM and 3-year basis, reversing the negative 5-year profit CAGR of -6%.
- The company maintains a consistent dividend payout ratio of 27.4%, offering a dividend yield of 0.66% even at elevated valuations.
- 10-year compounded sales CAGR of 14% demonstrates a long track record of revenue expansion in a growing Indian infrastructure market.
- 10-year ROE average of 11% indicates the business has historically generated reasonable returns on equity, above the more recent 8% level.
- Near-zero debt on the balance sheet means interest costs are minimal, protecting margins during periods of rising input costs or interest rate hikes.
Bear Case 8
- The PE ratio of 50.2x is significantly elevated for a commodity/cement company, leaving limited margin of safety if earnings disappoint.
- ROE has deteriorated from a 10-year average of 11% to just 8% over the last 3 years and last year, signaling declining capital efficiency.
- The stock has delivered a -24% return over the past 1 year and -6% CAGR over 5 years, significantly underperforming broader markets.
- 5-year compounded profit CAGR is -6%, indicating earnings have actually contracted over a meaningful medium-term period.
- Trading at 3.53x book value is rich for a cement company generating only 8% ROE — the PB/ROE relationship appears unfavorable.
- 5-year compounded sales growth of only 9.08% is modest for a mid-cap cement player in a market with significant infrastructure spending.
- 3-year stock CAGR of -4% and 10-year stock CAGR of just 3% suggest persistent difficulty in translating operational performance into shareholder returns.
- Dividend yield of 0.66% provides minimal income cushion relative to the valuation premium and the stock's price volatility.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago Positives 1
- ESG rating upgraded to 61 Aug 20
CRISIL upgraded Shree Cement's ESG score to 61 (Strong) from 57, with a Core ESG rating of 66, recognizing it as a top performer in the cement sector.
TL;DR: Shree Cement received an ESG rating upgrade from CRISIL, signaling improved sustainability credentials and sector leadership. No headwinds emerged in the latest news cycle. With limited data points, the near-term picture is stable, and the ESG improvement could attract sustainability-focused institutional flows going forward.
Quarterly Results
| Particulars | 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
| Particulars | 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
| Particulars | 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
| Particulars | 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
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Shree Cement insights
70 extracted metrics + investor summaries across FY06–FY26.
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
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 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 Commodities sector, in the Cement & Cement Products industry.
What is the market capitalisation of Shree Cement Ltd?
Shree Cement Ltd has a market capitalisation of ₹80,983 Cr, which places it in the Large Cap band.
What is the PE ratio of Shree Cement Ltd?
Shree Cement Ltd trades at a PE ratio of 49.96, on earnings per share of ₹582.58, against a book value of ₹6,448.74 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 ₹22,550 and ₹30,520.
Does Shree Cement Ltd pay dividends?
Shree Cement Ltd has a dividend yield of 0.66%.
What is the Return on Equity (ROE) of Shree Cement Ltd?
Shree Cement Ltd reported a return on equity of 7.50%. 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. [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
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