Shree Cement
- Market cap
- ₹ 82,120 Cr.
- P/E
- 51.8x
- P/B
- 3.46x
- 52-week range
- 21,355 – 29,425
- ROE
- 8%
- ROCE
- 10%
- Dividend yield
- 0.7%
- Debt / equity
- 0.08
- Sector
- Cement & Cement Products
- Industry
- Cement & Cement Products
- Listed on
- NSE, BSE
About
Shree Cement Limited is an India-based company, which is engaged in the manufacturing and selling of cement and cement related products. The Company's product categories include Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC) and Composite Cement (CC). It has a diversified brand portfolio consisting of Shree Jung Rodhak Cement, Roofon Cement, Bangur Cement, Bangur Power Cement, Rockstrong Cement and Rockstrong Premium Cement. Its OPC products can be used both for structural and masonry applications and in pre-stress concrete structures. The Company's PPC products are used in the construction of hydraulic structures, such as sewage pipes, marine works, dams, dikes and more. The Company has a total cement production capacity of approximately 46.4 million tons per annum (MTPA) in India. Its oversea cement production capacity is approximately four MTPA and caters to its customers in the Middle East, Southeast Asia and other nearby markets.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Cement & Cement Products: 42 companies →Shree Cement against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)51.8 against a typical 32.3: pricier than most peers (1st = cheapest).30th of 40
- Sales growth+23.9% against a typical +9.4% from a year earlier.7th of 37
- Profit growth−15.2% against a typical −31.3% from a year earlier.12th of 28
- Share price, 3 months−14.2% against a typical −13.2%.22nd of 39
- Size₹ 82,119.8 Cr. market value against a typical ₹ 686.3 Cr. (1st = largest).3rd of 32
Latest announcements
Exchange filings and their impact on the company.
- Strong 24% revenue growth overshadowed by 15% profit fall on surging fuel costs.
Shree Cement reported Q2 FY27 consolidated revenue of Rs 5896.51 crore, up about 24% from last year, and half-year revenue of Rs 12129.64 crore. Profit after tax fell to Rs 263.46 crore in Q2 from Rs 309.82 crore last year as power, fuel and freight costs jumped sharply, with operating margin dropping to 19% from 24%. The results show strong volume growth but continued pressure on profitability from input costs.
- Shree Cement to set up tiny China trading arm for equipment sourcing; no near-term financial impact.
Shree Cement said its wholly owned subsidiary Shree Global FZE (UAE) has approved setting up a wholly owned step-down subsidiary in China, Shree International Trading (Shanghai) Limited. The new company will handle import, export and trading of machinery, equipment and environmental products, with authorized capital of RMB 5 million (about Rs 6 crore) fully subscribed in cash. The move looks like a small sourcing and trading support arm with no material near-term impact on Shree's cement business.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AAA | Stable | 24 Sep 2026 |
| CARE | CARE AAA | Stable | 3 Jul 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 24 Sep 2026 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 6,200 Cr. | |
| 3 Jul 2026 | Reaffirmed | CARE AAA | — | CARE | ₹ 7,495.42 Cr. | |
| 22 Jan 2026 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 6,200 Cr. | |
| 9 Oct 2025 | Reaffirmed | CARE AAA | — | CARE | ₹ 8,345.42 Cr. | |
| 8 Oct 2025 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 6,200 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Shree CementAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 23 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 31 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 6 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 6 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 28 Oct 2025 | Dividend | To consider Interim Dividend for Financial Year 2025-26, if any |
| 4 Aug 2025 | Other business matters | SHREE CEMENT LIMITED has informed the Exchange about Board Meeting to be held on 4th August, 2025 to consider and approve the Quarterly un-audited Financial results of the Company for the period ending on 30th June, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 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 | 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 | 1,264 | 1,422 | 927 | 613 | 965 | 1,429 | 1,333 | 974 | 947 | 1,384 | 1,272 | 1,016 |
| OPM % | 24% | 26% | 18% | 15% | 21% | 26% | 25% | 20% | 20% | 23% | 20% | 17% |
| Other Income | 147 | 150 | 139 | 181 | 111 | 158 | 235 | 179 | 146 | 101 | 212 | 112 |
| Interest | 55 | 62 | 56 | 56 | 52 | 41 | 46 | 51 | 59 | 56 | 57 | 59 |
| Depreciation | 444 | 702 | 704 | 716 | 799 | 788 | 654 | 668 | 710 | 762 | 686 | 703 |
| Profit before tax | 913 | 807 | 306 | 23 | 225 | 758 | 868 | 434 | 324 | 667 | 741 | 367 |
| Tax % | 23% | 16% | 9% | −229% | 14% | 24% | 26% | 29% | 17% | 21% | 28% | 28% |
| Net Profit | 702 | 676 | 278 | 77 | 194 | 575 | 644 | 310 | 268 | 528 | 531 | 263 |
| EPS in Rs | 194.53 | 187.05 | 77.22 | 21.19 | 53.6 | 159.18 | 178.12 | 85.51 | 73.92 | 145.7 | 146.67 | 72.57 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 14%
- 5 Years
- 9%
- 3 Years
- 5%
- TTM
- 14%
- 10 Years
- 4%
- 5 Years
- −6%
- 3 Years
- 10%
- TTM
- −8%
- 10 Years
- 3%
- 5 Years
- −4%
- 3 Years
- −3%
- TTM
- —
- 10 Years
- 11%
- 5 Years
- 9%
- 3 Years
- 8%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Shree Cement | ₹ 23,020.00 | ₹ 82,120 Cr. | 51.8x | 3.5x | 8% | — |
| UltraTech Cement | ₹ 11,066.00 | ₹ 3,26,092 Cr. | 41.7x | 4.5x | 11.1% | 9.3% |
| Grasim Industries | ₹ 2,898.00 | ₹ 1,95,975 Cr. | 40.8x | 2x | 4.9% | 5.9% |
| Ambuja Cements | ₹ 358.00 | ₹ 88,956 Cr. | 21.9x | 1.8x | 8.3% | 13.8% |
| Dalmia Bharat | ₹ 1,591.65 | ₹ 29,801 Cr. | 29.5x | 1.9x | 6.5% | 7.8% |
| ACC | ₹ 1,163.00 | ₹ 21,851 Cr. | 12.3x | 1.3x | 10.9% | 8.3% |
Management
- Hari Mohan Bangur
- Executive Chairman of the Board
- Prashant Bangur
- Executive Vice Chairman of the Board
- Subhash Jajoo
- Chief Finance Officer
- Shailesh Ambastha
- President - Sales
- K. C. Gandhi
- Joint President - Materials Management
- Kamlesh Kumar Jain
- Joint President - Finance and Accounts
- Ramesh Joshi
- Joint President - Ready Mix Concrete
- Arvind Khicha
- Joint President - Taxation and Insurance
Prices are delayed and for information only. Nothing on this page is investment advice.