MarketFriction

Shree Cement Ltd

NSE SHREECEM · BSE 500387 · Cement & Cement Products
₹21,900.00 -1.99%
NSE close2026-10-01
52 week range21,550.00 - 30,285.00
Market cap₹79,017 Cr.
P/E48.5
Results 23-10 Nifty 500Midcap 150Nifty Commodities No price band Delivery 60.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,7745,1935,4015,1244,0544,5735,5325,2814,7614,8016,1016,233
Expenses3,8883,9303,9794,1973,4413,6084,1033,9483,7873,8534,7174,961
Operating Profit8861,2641,4229276139651,4291,3339749471,3841,272
OPM %19%24%26%18%15%21%26%25%20%20%23%20%
Other Income132147150139181111158235179146101212
Interest675562565652414651595657
Depreciation412444702704716799788654668710762686
Profit before tax53991380730623225758868434324667741
Tax %17%23%16%9%-229%14%24%26%29%17%21%28%
Net Profit44770267627877194575644310268528531
EPS in Rs123.79194.53187.0577.2221.1953.60159.18178.1285.5173.92145.70146.67
Mar 2016 9mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,5148,5949,83312,55512,86813,56015,01017,85220,40419,28320,94321,896
Expenses4,1076,0817,3609,7589,0989,46811,30014,89315,88715,34916,30617,318
Operating Profit1,4072,5132,4732,7973,7714,0913,7102,9604,5173,9344,6384,577
OPM %26%29%25%22%29%30%25%17%22%20%22%21%
Other Income67336238969263426544459598589661637
Interest76129135248291251216263258205212223
Depreciation8281,2158991,4721,8081,2621,1461,6611,8973,0072,7942,826
Profit before tax1,1761,5311,8271,1461,9343,0042,8921,4952,9591,3122,2932,166
Tax %3%13%24%11%20%24%19%15%19%14%24%
Net Profit1,1431,3391,3841,0151,5442,2902,3371,2692,3961,1241,7491,636
EPS in Rs328.13384.38397.32288.86425.67633.54646.31352.18663.98311.18483.24451.80
Dividend Payout %7%36%13%21%26%9%14%28%16%35%31%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%9%5%13%
Compounded Profit Growth4%-6%10%10%
Stock Price CAGR3%-6%-5%-25%
Return on Equity11%9%8%8%
Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital353535353536363636363636
Reserves5,2416,8117,6638,8629,63613,13315,36117,42418,60020,66721,50223,231
Borrowings9178811,2933,4032,8033,1462,2302,1292,7251,6561,0461,868
Other Liabilities1,8051,7372,1752,8423,0193,6293,8864,1594,9735,5665,8806,312
Total Liabilities7,9989,46311,16615,14215,49319,94421,51323,74926,33427,92528,46431,448
Fixed Assets3,0043,0502,5993,5896,1826,1636,2167,2827,4819,5919,31511,207
CWIP5112647101,4271,1291,1979971,0542,7971,9303,7961,466
Investments1,6623,0304,0425,4342,2866,3588,5009,0338,6837,5567,84910,272
Other Assets2,8203,1183,8144,6915,8966,2275,8006,3807,3738,8487,5048,503
Total Assets7,9989,46311,16615,14215,49319,94421,51323,74926,33427,92528,46431,448
Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,2391,5662,2021,8792,0803,9734,2542,6682,5693,3474,9203,794
Cash from Investing Activity-990-1,265-2,048-3,595-720-5,590-2,651-2,143-2,405-1,418-3,726-3,714
Cash from Financing Activity-259-271-1671,726-1,2761,581-1,233-849-277-1,710-1,296-110
Net Cash Flow-1031-131084-36370-324-113220-102-30
Free Cash Flow115832922-6481582,4333,125459-7101788371,979
CFO/OP99%121%99%96%83%118%122%77%98%84%136%89%
Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days282214173031181925232732
Inventory Days708657765743672631585878703670444469
Days Payable225207205345193242301313305229247274
Cash Conversion Cycle511472575416509420302584423464223227
Working Capital Days18322211625-21-1-277-8-10
ROCE %9%18%20%18%13%15%19%17%9%15%7%10%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters62.56%62.56%62.56%62.56%62.56%62.56%62.56%62.56%62.56%62.56%62.56%62.56%
FIIs12.22%12.31%12.47%11.85%10.39%9.88%9.70%10.07%10.34%10.07%8.94%8.21%
DIIs12.37%12.37%12.14%12.78%14.22%14.78%15.07%14.65%14.40%14.59%15.79%16.42%
Government0.17%0.17%0.18%0.23%0.23%0.25%0.25%0.25%0.25%0.25%0.25%0.25%
Public12.69%12.60%12.64%12.59%12.60%12.53%12.42%12.48%12.46%12.54%12.48%12.57%
No. of Shareholders27,73824,85228,26826,74429,90325,53124,77925,59226,17828,75529,59227,345

Fundamentals

Market Cap₹ 79,017 Cr.
Current Price₹ 21,900
Stock P/E48.5
Book Value₹ 6,449
ROCE10.3 %
ROE7.51 %
Dividend Yield0.68 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)10%
Consolidated figures.
Valuation
Market capRs 79,017 Cr
Enterprise valueRs 80,543 Cr
P/E (TTM)48.47x
Price to book3.40x
Price to sales3.61x
EV / EBITDA15.45x
EV / EBIT33.72x
EV / sales3.68x
Price to cash flow20.83x
Earnings yield2.06%
Dividend yield0.68%
P/E, 3-year average61.45x
P/B, 3-year average4.39x
P/E, 5-year average59.18x
P/B, 5-year average4.64x
Profitability
Operating margin (excl. other income)22.14%
Operating margin (incl. other income)25.30%
EBITDA margin23.82%
Pre-tax margin9.89%
Net profit margin7.44%
Net margin, latest quarter8.49%
ROE7.78%
ROCE10.50%
ROA5.82%
ROE, 3-year average8.43%
ROCE, 3-year average10.66%
ROA, 3-year average6.21%
ROE, 5-year average9.30%
ROCE, 5-year average11.45%
ROA, 5-year average6.80%
ROIC (approx.)7.35%
Tax rate23.74%
Other income / net worth2.84%
Growth
Sales growth (latest year)8.61%
Profit growth (latest year)55.29%
Sales CAGR, 3 years5.47%
Sales CAGR, 5 years9.08%
Profit CAGR, 3 years11.12%
Profit CAGR, 5 years-5.27%
Sales growth QoQ2.17%
Profit growth QoQ0.67%
Sales growth YoY (latest quarter)18.03%
Profit growth YoY (latest quarter)-17.66%
Per share
EPS (TTM)Rs 451.79
EPS (latest year)Rs 483.24
EPS (latest quarter)Rs 146.67
EPS, 3-year averageRs 486.13
EPS, 5-year averageRs 491.38
Book value per shareRs 6,448.74
Sales per shareRs 6,068.53
Cash flow per shareRs 1,051.55
Free cash flow per shareRs 548.49
Dividend per share (latest year)Rs 150.00
Dividend per share, 3-year averageRs 121.66
Dividend per share, 5-year averageRs 111.00
Dividends
Dividend payout31.04%
Dividend payout, 3-year average27.40%
Dividend payout, 5-year average24.90%
Efficiency
Asset turnover0.67x
Fixed asset turnover1.87x
Inventory turnover3.29x
Inventory days111 days
Debtor days32 days
Debtors turnover11.46x
Creditor days274 days
Cash conversion cycle227 days
Working capital days-10 days
Leverage
Total debtRs 1,868 Cr
Cash and bankRs 342 Cr
Net debtRs 1,526 Cr
Debt to equity0.08x
Net debt / EBITDA0.29x
Interest coverage10.71x
Current ratio (filing 2026-03-31)2.16x
Quick ratio (filing 2026-03-31)1.76x
Trade payables (filing 2026-03-31)Rs 1,622 Cr
Owners' fund to total sources73.99%
Debt to assets5.94%
Cash flow
Cash from Operating Activity (latest year)Rs 3,794 Cr
Cash from Investing Activity (latest year)Rs -3,714 Cr
Cash from Financing Activity (latest year)Rs -110 Cr
Net Cash Flow (latest year)Rs -30 Cr
Free cash flow (latest year)Rs 1,979 Cr
FCFE (approx.: FCF + change in debt)Rs 2,801 Cr
Cash from ops / profit, 5 years1.95x
Sales to cash flow5.52x
Statement figures
Net sales (TTM)Rs 21,896 Cr
Net sales (latest year)Rs 20,943 Cr
Sales (latest quarter)Rs 6,233 Cr
Operating profit excl. other income (latest year)Rs 4,638 Cr
Operating profit (latest quarter)Rs 1,272 Cr
Other income (TTM)Rs 637 Cr
EBITDA (TTM)Rs 5,215 Cr
PBDT (TTM)Rs 4,992 Cr
Profit before tax (TTM)Rs 2,166 Cr
Tax (latest year)Rs 544 Cr
Net profit (TTM)Rs 1,630 Cr
Net profit (latest year)Rs 1,744 Cr
Net profit (latest quarter)Rs 529 Cr
Depreciation (TTM)Rs 2,826 Cr
Depreciation (latest quarter)Rs 686 Cr
Interest (TTM)Rs 223 Cr
Cost of goods sold (latest year)Rs 9,131 Cr
Total expenditure (latest year)Rs 16,306 Cr
Total income (latest year)Rs 21,604 Cr
Share capitalRs 36 Cr
ReservesRs 23,231 Cr
Shareholders' fundsRs 23,268 Cr
Total assetsRs 31,448 Cr
Net blockRs 11,207 Cr
Capital work in progressRs 1,466 Cr
InvestmentsRs 10,272 Cr
ReceivablesRs 1,827 Cr
InventoryRs 2,774 Cr
Other liabilitiesRs 6,312 Cr
Shares outstanding (crore)3.61
Ownership
Promoter holding62.56% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 48.5 is at the 45th percentile of its own 9.4-year range (median 49.5, low 29.4, high 99.7).
P/B 3.40 is the lowest in 9.4 years (median 5.63).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSHREECEMNifty 50Difference
1 week-2.0%-2.8% +0.8 pts
1 month-6.8%-6.8% +0.0 pts
3 months-18.2%-7.6% -10.6 pts
6 months-4.9%+0.4% -5.3 pts
1 year-25.8%-9.9% -15.9 pts
2 years-15.6%-13.6% -2.1 pts
3 years-14.0%+14.2% -28.2 pts
5 years-24.7%+27.9% -52.6 pts
148 mutual fund schemes hold about ₹10,220 Cr. Over three months 116 bought more and 15 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Large Cap Fundd2.00%1,101 +12%
SBI Aggressive Hybrid Fund0.92%813 -36%
ICICI Pru Multi Asset Allocation Fund0.90%791 +24%
SBI Large & Midcap Fund1.84%777 +8%
Nippon India Growth Mid Cap Fund1.20%627 +306%
SBI Midcap Fund2.37%580 +10%
SBI Midcap Fund2.37%576 +10%
ICICI Pru Large Cap Fund0.67%540 +11%
ICICI Pru Large & Mid Cap Fund1.30%436 +4%
Nippon India Large Cap Fund0.78%420 +13%
ICICI Pru Infrastructure Fund2.90%248 +12%
SBI Infrastructure Fund4.82%232 +13%
Kotak Multi Cap Fund0.77%226 +3%
ICICI Pru India Opp Fund0.53%203 +9%
Franklin India Mid Cap Fund1.49%194 +7%
ICICI Pru Business Cycle Fund1.00%159 +14%
SBI ELSS Tax Saver Fund0.47%150 +13%
SBI Multicap Fund0.55%135 +100%
ICICI Pru Nifty Next 50 Index Fund1.22%123 +8%
ICICI Pru Manufacturing Fund1.49%107 +7%
Tata Balanced Adv Fund1.17%102 +16%
UTI Flexi Cap Fund0.42%101 -33%
ICICI Pru Housing Opp Fund3.65%100 +10%
ICICI Pru Balanced Advantage Fund(M0.13%99 +8%
UTI Nifty Next 50 Index Fund1.22%92 +8%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-04-08Hari Mohan BangurPromotersother10,221Rs 32.28 CrInter-se-Transfer
2021-04-08Benu Gopal BangurPromotersother10,221Rs 32.28 CrInter-se-Transfer
2021-03-26Ranu BangurPromoter Groupother4,000Rs 11.25 CrInter-se-Transfer
2021-03-26Hari Mohan BangurPromotersother4,000Rs 11.25 CrInter-se-Transfer
2019-03-16Prashant BangurPromotersother75,000Rs 131.41 CrGift
2019-03-16Ranu BangurPromotersother23,700Rs 41.52 CrGift
2019-03-16Benu Gopal BangurPromotersother98,700Rs 172.93 CrGift
2019-03-15Hari Mohan BangurPromotersother14,100Rs 24.70 CrOff Market
2019-03-15Hari Mohan BangurPromotersother23,825Rs 41.74 CrOff Market
2019-03-15Benu Gopal BangurPromotersother89,000Rs 155.93 CrOff Market
2019-03-15Benu Gopal BangurPromotersother14,100Rs 24.70 CrOff Market
2019-03-15Prashant BangurPromotersother63,475Rs 111.21 CrOff Market
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹6,233 Cr +18.0% vs Jun 2025. Net profit ₹531 Cr -17.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 70 Per Share
2025-11-03Interim Dividend - Rs 80 Per Share
2025-07-21Dividend - Rs 60 Per Share
2025-02-05Interim Dividend - Rs 50 Per Share
2024-07-23Dividend - Rs 55 Per Share
2024-02-08Interim Dividend - Rs 50 Per Share
2023-06-01Interim Dividend - Rs 55 Per Share
2023-02-16Interim Dividend - Rs 45 Per Share
2022-07-13Dividend - Rs 45 Per Share
2022-02-10Interim Dividend - Rs 45 Per Share
2021-07-22 Dividend - Rs 60 Per Share
2020-02-24 Interim Dividend - Rs 110 Per Share
2019-07-31 Dividend - Rs 35 Per Share
2019-01-29 Interim Dividend - Rs 25 Per Share
2018-07-20 Dividend- Rs 30 Per Share
2018-01-18 Interim Dividend - Rs 20 Per Share (Purpose Revised)
2017-07-21 Dividend - Rs 24 Per Share
2017-02-06 Special Dividend Rs 100/- Per Share (Purpose Revised)
2016-08-22 Interim Dividend - Rs 16/- Per Share (Purpose Revised)
2016-08-04 Annual General Meeting
2016-03-17 Interim Dividend - Rs 12/- Per Share (Pupose Revised)
2016-02-10 Interim Dividend - Rs 12/- Per Share (Purpose Revised)
2015-11-05 Annual General Meeting/ Dividend - Rs 14/- Per Share
2014-11-03Annual General Meeting
2014-08-28Second Interim Dividend - Rs 12/- Per Share + First Interim Dividend - Rs 10/- Per Share (Purpose Revised)
2014-01-31Interim Dividend - Rs 10/- Per Share (Purpose Revised)
2013-10-17Annual General Meeting / Final Dividend - Rs.12/- Per Share
2013-05-03Interim Dividend Rs.8/- Per Equity Share (Purpose Revised)
2012-10-08Annual General Meeting And Dividend Rs.8/- Per Share
2012-05-18Interim Dividend Rs 6 Per Share (Purpose Revised)
2012-01-27Interim Dividend Rs.6/- Per Share (Purpose Revised)
2011-07-21Annual General Meeting And Dividend Rs.8/- Per Share
2011-02-04Interim Dividend-Rs.6/- Per Share (Purpose Revised)
2010-08-05Annual General Meeting And Final Dividend Rs.8/- Per Share
2010-01-25Int Div-Rs.5/- Per Share Purpose Revised
2009-07-16Agm/Div-R.5/- Per Share
2009-05-04Int Div-Rs.5/- Per Share Purpose Revised
2008-07-10Agm/Div-Rs.8 Per Share
2007-08-02Agm
2007-03-21Int Div-Rs.6/- Per Sh Purpose Revised
2006-07-21Agm/Div-Rs.5/- Per Sh
DateTypeWhat it says
2026-09-28Credit RatingCredit Rating
2026-09-07Credit RatingCredit Rating
2026-09-04Credit RatingCredit Rating
2026-08-20General UpdatesESG Ratings by CRISIL ESG Ratings & Analytics Limited.
2026-08-06Concall / analyst meetTranscript
2026-08-03DemiseDemise of Mr Ashok Bhandari, Other of the company on August 03, 2026.
2026-08-01Shareholder meetingVoting results of Annual General Meeting held on July 31, 2026
2026-08-01Shareholder meetingSHREE CEMENT LIMITED has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 31, 2026
2026-07-31Concall / analyst meetLink of Recording
2026-07-31Shareholder meetingProceedings of Annual General Meeting held on July 31, 2026
2026-07-31Press ReleaseA press release dated July 31, 2026, titled "Financial Results for the Quarter ended 30th June, 2026".
2026-07-31Board meeting outcomeSHREE CEMENT LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-31Board meeting outcomeOutcome of Board Meeting held on July 31, 2026.
2026-07-24Concall / analyst meetSchedule of meet
2026-07-10UpdatesE-mail communication sent to all Shareholders whose email addresses are registered with the Company/Depositories explaining the process on withholding...
2026-07-08UpdatesCompany has sent a letter providing the weblink, including the exact path of the Notice of the AGM and Integrated Annual Report for the FY 2025-26, to...
2026-07-07Record DateRecord date for the purpose of Dividend is 17-Jul-2026.
2026-07-07Shareholder meetingNotice of Annual General Meeting to be held on July 31, 2026
2026-07-01Credit RatingCredit Rating
2026-07-01Credit RatingCredit Rating
2026-06-24General UpdatesThe Additional Commissioner (Appeals), SGST, Patna has dismissed the appeal filed against the demand order passed by the Deputy Commissioner, State Ta...
2026-06-05Disclosure under SEBI TakeovSHREE CEMENT LIMITED has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substant...
2026-06-04Concall / analyst meetSchedule of meet
2026-05-28Change in ManagementChange in Management
2026-05-16General UpdatesReceipt of Final Assessment order u/s 143(3) of the Income Tax Act, 1961 form the Income Tax Authority
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.56
Max pain (expiry 2026-10-27)22,000
Largest call open interest at22,000
Largest put open interest at21,000
Implied volatility, at the money27.7%
Underlying at snapshot21,900.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-29150
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-08NCLTPrem Nath Arora Vs Shree Cement Limited & Ors.
2021-06-04NCLATShree Cement Limited VS Competition Commission of India & Ors
2021-03-25NCLTPrem Nath Arora Vs Shree Cement Limited & Ors.
2021-02-12NCLATShree Cement Limited VS Competition Commission of India & Ors
2020-03-12CESTATSHREE CEMENT LIMITED ---VS.--- COMMISSIONER, CGST & CENTRAL EXCISE-JAIPUR I
2020-03-06CESTATSHREE CEMENT LIMITED ---VS.--- COMMISSIONER, CGST & CENTRAL EXCISE-JAIPUR I
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Shree Cement Ltd?

Shree Cement Ltd (SHREECEM) has a market capitalisation of Rs 79,017 Cr. at the 2026-10-01 close.

What is the P/E ratio of Shree Cement Ltd?

Shree Cement Ltd trades at a P/E of 48.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Shree Cement Ltd's latest quarterly results?

In the Jun 2026 quarter, Shree Cement Ltd sales was Rs 6,233 Cr (+18.0% vs Jun 2025) and net profit was Rs 531 Cr.

What is the 52-week high and low of Shree Cement Ltd?

The 52-week high is Rs 30,285.00 and the 52-week low is Rs 21,550.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03