Shree Cement Ltd

₹ 27,841 2.04%

22 Jul 3:29 p.m.

shreecement.com BSE: 500387 NSE: SHREECEM

About

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]

Key Points

Brands
The company sells cement under the brand name Roofon, Bangur Power, Shree Jung Rodhak, Bangur Cement, and Rock strong. ^[1]

Website BSE NSE

Market Cap ₹ 1,00,453 Cr.
Current Price ₹ 27,841
High / Low ₹ 30,738 / 23,090
Stock P/E 41.7
Book Value ₹ 5,738
Dividend Yield 0.38 %
ROCE 14.8 %
ROE 12.2 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 19.4%

Cons

Stock is trading at 4.85 times its book value
The company has delivered a poor sales growth of 10.3% over past five years.
Company has a low return on equity of 11.1% over last 3 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	4,235	3,635	3,373	3,637	4,364	4,415	4,038	4,299	5,100	5,065	4,800	5,223	5,433
	2,989	2,612	2,452	2,792	3,445	3,614	3,495	3,573	4,211	4,120	3,914	3,959	4,011
Operating Profit	1,246	1,023	921	845	919	801	543	727	889	945	886	1,264	1,422
OPM %	29%	28%	27%	23%	21%	18%	13%	17%	17%	19%	18%	24%	26%
	120	141	154	114	137	-20	159	174	146	169	132	147	150
Interest	56	54	56	54	52	55	66	70	71	74	67	55	62
Depreciation	330	274	290	285	297	350	396	443	473	339	412	444	702
Profit before tax	980	836	729	620	707	376	240	388	491	700	539	913	807
Tax %	18%	25%	23%	22%	7%	26%	24%	27%	-7%	18%	17%	23%	16%
	800	631	564	483	659	279	183	282	525	572	447	702	676
EPS in Rs	221.29	174.58	155.99	133.58	182.16	77.47	50.82	78.18	145.72	158.62	123.79	194.53	187.05
Raw PDF

Upcoming result date: 6 August 2024

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	Mar 2023	Mar 2024
	5,418	5,715	6,259	5,514	8,594	9,833	12,555	12,868	13,560	15,010	17,852	20,521
	3,857	4,325	4,916	4,107	6,081	7,360	9,758	9,098	9,468	11,300	14,893	16,003
Operating Profit	1,561	1,390	1,344	1,407	2,513	2,473	2,797	3,771	4,091	3,710	2,960	4,518
OPM %	29%	24%	21%	26%	29%	25%	22%	29%	30%	25%	17%	22%
	187	104	102	673	362	389	69	263	426	544	459	597
Interest	193	129	121	76	129	135	248	291	251	216	263	258
Depreciation	436	550	925	828	1,215	899	1,472	1,808	1,262	1,146	1,661	1,897
Profit before tax	1,119	815	401	1,176	1,531	1,827	1,146	1,934	3,004	2,892	1,495	2,959
Tax %	10%	3%	-6%	3%	13%	24%	11%	20%	24%	19%	15%	19%
	1,004	787	426	1,143	1,339	1,384	1,015	1,544	2,290	2,337	1,269	2,396
EPS in Rs	288.18	225.97	122.37	328.13	384.38	397.32	288.86	425.67	633.54	646.31	352.18	663.98
Dividend Payout %	7%	10%	20%	7%	36%	13%	21%	26%	9%	14%	28%	16%

Compounded Sales Growth
10 Years:	14%
5 Years:	10%
3 Years:	15%
TTM:	15%

Compounded Profit Growth
10 Years:	10%
5 Years:	16%
3 Years:	2%
TTM:	91%

Stock Price CAGR
10 Years:	14%
5 Years:	6%
3 Years:	-1%
1 Year:	18%

Return on Equity
10 Years:	14%
5 Years:	12%
3 Years:	11%
Last Year:	12%

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	Mar 2023	Mar 2024
Equity Capital	35	35	35	35	35	35	35	36	36	36	36	36
Reserves	3,809	4,676	5,241	6,811	7,663	8,862	9,636	13,133	15,361	17,424	18,600	20,667
	1,288	1,200	917	881	1,293	3,403	2,803	3,146	2,230	2,129	2,725	1,656
	1,028	1,418	1,805	1,737	2,175	2,842	3,019	3,629	3,886	4,159	4,973	5,566
Total Liabilities	6,160	7,329	7,998	9,463	11,166	15,142	15,493	19,944	21,513	23,749	26,334	27,925
	1,782	2,194	3,004	3,050	2,599	3,589	6,182	6,163	6,216	7,282	7,481	9,591
CWIP	133	758	511	264	710	1,427	1,129	1,197	997	1,054	2,797	1,930
Investments	2,203	2,244	1,662	3,030	4,042	5,434	2,286	6,358	8,500	9,033	8,683	7,556
	2,042	2,132	2,820	3,118	3,814	4,691	5,896	6,227	5,800	6,380	7,373	8,848
Total Assets	6,160	7,329	7,998	9,463	11,166	15,142	15,493	19,944	21,513	23,749	26,334	27,925

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	Mar 2023	Mar 2024
	1,260	1,401	1,239	1,566	2,202	1,879	2,080	3,973	4,254	2,668	2,569	3,347
	-270	-1,234	-990	-1,265	-2,048	-3,595	-720	-5,590	-2,651	-2,143	-2,405	-1,418
	-982	-156	-259	-271	-167	1,726	-1,276	1,581	-1,233	-849	-277	-1,710
Net Cash Flow	8	11	-10	31	-13	10	84	-36	370	-324	-113	220

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	Mar 2023	Mar 2024
Debtor Days	21	19	28	22	14	17	30	31	18	19	25	23
Inventory Days	496	703	708	657	765	743	672	631	585	878	703	827
Days Payable	75	163	225	207	205	345	193	242	301	313	305	282
Cash Conversion Cycle	441	559	511	472	575	416	509	420	302	584	423	567
Working Capital Days	21	37	31	45	55	55	75	25	-7	17	14	21
ROCE %		18%	9%	18%	20%	18%	13%	15%	19%	17%	9%	15%

Shareholding Pattern

Numbers in percentages

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	62.55%	62.55%	62.55%	62.55%	62.56%	62.56%	62.56%	62.56%	62.56%	62.56%	62.56%	62.56%
	13.53%	13.05%	12.20%	11.85%	12.37%	12.50%	12.82%	12.62%	12.22%	12.31%	12.47%	11.85%
	10.11%	10.50%	11.16%	11.23%	10.96%	11.79%	11.58%	11.83%	12.37%	12.37%	12.14%	12.78%
	0.00%	0.00%	0.00%	0.00%	0.16%	0.17%	0.17%	0.17%	0.17%	0.17%	0.18%	0.23%
	13.81%	13.90%	14.09%	14.37%	13.97%	13.00%	12.90%	12.83%	12.69%	12.60%	12.64%	12.59%
No. of Shareholders	43,504	49,260	56,833	62,628	58,486	36,126	31,219	32,176	27,738	24,852	28,268	26,744

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	64.79%	64.79%	64.79%	62.55%	62.55%	62.55%	62.56%	62.56%	62.56%
	14.60%	12.82%	12.97%	11.90%	12.51%	12.20%	12.82%	12.47%	11.85%
	14.65%	16.68%	6.22%	11.22%	10.80%	11.16%	11.58%	12.14%	12.78%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%	0.18%	0.23%
	5.96%	5.71%	16.03%	14.32%	14.14%	14.09%	12.90%	12.64%	12.59%
No. of Shareholders	20,910	27,872	27,800	39,836	41,632	56,833	31,219	28,268	26,744

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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