Reported Earnings • May 07
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹483 (up from ₹311 in FY 2025). Revenue: ₹216.0b (up 12% from FY 2025). Net income: ₹17.4b (up 55% from FY 2025). Profit margin: 8.1% (up from 5.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.0%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 1.9% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Anuncio • Mar 24
Shree Cement Limited to Report Q4, 2026 Results on May 06, 2026 Shree Cement Limited announced that they will report Q4, 2026 results on May 06, 2026 Anuncio • Dec 22
Shree Cement Limited to Report Q3, 2026 Results on Feb 06, 2026 Shree Cement Limited announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Oct 29
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹85.50 (up from ₹21.80 in 2Q 2025). Revenue: ₹47.6b (up 17% from 2Q 2025). Net income: ₹3.09b (up 304% from 2Q 2025). Profit margin: 6.5% (up from 1.9% in 2Q 2025). Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Anuncio • Sep 16
Shree Cement Limited to Report Q2, 2026 Results on Oct 28, 2025 Shree Cement Limited announced that they will report Q2, 2026 results on Oct 28, 2025 Reported Earnings • Aug 05
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: ₹178 (up from ₹77.22 in 1Q 2025). Revenue: ₹52.8b (up 3.1% from 1Q 2025). Net income: ₹6.43b (up 131% from 1Q 2025). Profit margin: 12% (up from 5.4% in 1Q 2025). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. New Risk • Jul 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Anuncio • Jul 14
Shree Cement Limited, Annual General Meeting, Aug 04, 2025 Shree Cement Limited, Annual General Meeting, Aug 04, 2025, at 11:00 Indian Standard Time. Location: rangmanch auditorium, bangur nagar, rajasthan-305901, beawar India Declared Dividend • Jul 14
Final dividend increased to ₹60.00 Dividend of ₹60.00 is 9.1% higher than last year. Ex-date: 21st July 2025 Payment date: 3rd September 2025 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 104% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings have declined by 4.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.2% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (5.8% net profit margin). Anuncio • Jul 03
Shree Cement Limited Appoints Vishal Bhardwaj as Head of Corporate Social Responsibility Shree Cement Limited has appointed Vishal Bhardwaj as its new Head of Corporate Social Responsibility, marking a strategic move to reinforce the company's social impact footprint across India. Bhardwaj brings nearly 30 years of cross-sectoral experience in designing and leading CSR programmes, most recently serving as Global CSR Head at Indorama Corporation in Dubai. In his new role, Bhardwaj will lead Shree Cement's CSR vision with a sharp focus on measurable impact, sustainable development, and strategic partnerships. His appointment aligns with the company's mission to deepen engagement with communities through healthcare, education, women's empowerment, and environmental sustainability. Anuncio • Jun 26
Shree Cement Limited to Report Q1, 2026 Results on Aug 04, 2025 Shree Cement Limited announced that they will report Q1, 2026 results on Aug 04, 2025 Price Target Changed • May 17
Price target increased by 7.1% to ₹29,856 Up from ₹27,874, the current price target is an average from 39 analysts. New target price is 5.4% below last closing price of ₹31,559. Stock is up 20% over the past year. The company is forecast to post earnings per share of ₹503 for next year compared to ₹311 last year. Reported Earnings • May 15
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: ₹311 (down from ₹664 in FY 2024). Revenue: ₹192.8b (down 6.0% from FY 2024). Net income: ₹11.2b (down 53% from FY 2024). Profit margin: 5.8% (down from 12% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Anuncio • May 14
Shree Cement Limited Recommends Final Dividend for the Financial Year 2024-25 Board of Shree Cement Limited recommended Final dividend of INR 60/- per equity share of INR 10 each for the Financial Year 2024-25, subject To Approve the Members at the ensuing Annual General Meeting of the Company. Anuncio • Mar 26
Shree Cement Limited to Report Q4, 2025 Results on May 14, 2025 Shree Cement Limited announced that they will report Q4, 2025 results on May 14, 2025 Declared Dividend • Feb 01
Dividend of ₹50.00 announced Dividend of ₹50.00 is the same as last year. Ex-date: 5th February 2025 Payment date: 17th February 2025 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 73% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 31
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: ₹53.61 (down from ₹195 in 3Q 2024). Revenue: ₹46.8b (down 10% from 3Q 2024). Net income: ₹1.93b (down 72% from 3Q 2024). Profit margin: 4.1% (down from 13% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Anuncio • Jan 30
Shree Cement Limited Declares Interim Dividend for the Financial Year 2024-25, Payable from February 17, 2025 Shree Cement Limited announced that the Board declared Interim dividend of INR 50/- per equity share of INR 10 each for the Financial Year 2024- 25, which shall be payable to those shareholders who hold shares on the record date fixed by the Company - i.e. February 5, 2025. The dividend shall be paid from February 17, 2025. Anuncio • Dec 26
Shree Cement Limited to Report Q3, 2025 Results on Jan 30, 2025 Shree Cement Limited announced that they will report Q3, 2025 results on Jan 30, 2025 Anuncio • Nov 26
Shree Cement Limited Announces Cessation of Anupam Agrawal as Head Projects and Member of Senior Management, Effective December 2, 2024 Shree Cement Limited informed that Mr. Anupam Agrawal serving as Head Projects of the Company is superannuating on 2nd December, 2024 (Close of business hours). Accordingly, he has also ceased as member of Senior Management of the Company. Cessation due to request for early Superannuation. Reported Earnings • Nov 12
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: ₹21.80 (down from ₹124 in 2Q 2024). Revenue: ₹40.5b (down 16% from 2Q 2024). Net income: ₹764.4m (down 83% from 2Q 2024). Profit margin: 1.9% (down from 9.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 116%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Anuncio • Oct 03
Shree Cement Limited Announces Resignation of Suresh Rathi as Chief Logistics Officer Shree Cement Limited informed that Mr. Suresh Rathi, Chief Logistics Officer (designated as Senior Management Personnel) has tendered his resignation from the services of the Company on 3rd October, 2024 and will be relieved as per Company Policy. Accordingly, he shall also cease to be a member of Senior Management of the Company. Reason: due to personal reasons. Anuncio • Sep 26
Shree Cement Limited to Report Q2, 2025 Results on Nov 11, 2024 Shree Cement Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Anuncio • Sep 18
Shree Cement Limited Announces the Resignation of Vijay Patil as Head of Strategies Shree Cement Limited announced that Mr. Vijay Patil, Head of Strategies (designated as Senior Management Personnel) has tendered his resignation from the services of the Company on 17th September, 2024 and will be relieved with effect from the close of Business hours of 31st December, 2024. Upcoming Dividend • Jul 16
Upcoming dividend of ₹55.00 per share Eligible shareholders must have bought the stock before 23 July 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.5%). Reported Earnings • Jul 14
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ₹664 (up from ₹352 in FY 2023). Revenue: ₹205.2b (up 15% from FY 2023). Net income: ₹24.0b (up 89% from FY 2023). Profit margin: 12% (up from 7.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) exceeded analyst estimates by 3.4%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 6.5% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • May 15
Full year 2024 earnings released: EPS: ₹664 (vs ₹352 in FY 2023) Full year 2024 results: EPS: ₹664 (up from ₹352 in FY 2023). Revenue: ₹205.2b (up 15% from FY 2023). Net income: ₹24.0b (up 89% from FY 2023). Profit margin: 12% (up from 7.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.0% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Anuncio • May 15
Shree Cement Limited Recommends Final Dividend for the Year Ended March 31, 2024 Shree Cement Limited announced that at its Board meeting held on May 14, 2024, Board also recommended final dividend @ INR 55 per equity share of INR 10 each for the year ended 31March 2024, subject To Approve the members of the ensuing Annual Meeting of the Company. Anuncio • Mar 27
Shree Cement Limited to Report Q4, 2024 Results on May 14, 2024 Shree Cement Limited announced that they will report Q4, 2024 results on May 14, 2024 Anuncio • Mar 22
Shree Cement Limited Announces Resignation of Nitin Dayalji Desai as Independent Director Shree Cement Limited announced that Mr. Nitin Dayalji Desai has resigned as Independent Director of the Company effective from close of Business Hours on 21 March, 2024 due to personal reasons. Price Target Changed • Feb 27
Price target increased by 7.1% to ₹28,321 Up from ₹26,436, the current price target is an average from 36 analysts. New target price is 8.2% above last closing price of ₹26,182. Stock is up 0.3% over the past year. The company is forecast to post earnings per share of ₹645 for next year compared to ₹352 last year. Declared Dividend • Feb 03
Dividend of ₹50.00 announced Shareholders will receive a dividend of ₹50.00. Ex-date: 8th February 2024 Payment date: 1st March 2024 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but not covered by cash flows (141% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: ₹195 (vs ₹78.18 in 3Q 2023) Third quarter 2024 results: EPS: ₹195 (up from ₹78.18 in 3Q 2023). Revenue: ₹52.2b (up 22% from 3Q 2023). Net income: ₹7.02b (up 149% from 3Q 2023). Profit margin: 13% (up from 6.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 2.2% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Price Target Changed • Feb 01
Price target increased by 7.3% to ₹27,767 Up from ₹25,867, the current price target is an average from 35 analysts. New target price is 6.2% below last closing price of ₹29,617. Stock is up 21% over the past year. The company is forecast to post earnings per share of ₹637 for next year compared to ₹352 last year. Anuncio • Dec 27
Shree Cement Limited to Report Q3, 2024 Results on Jan 31, 2024 Shree Cement Limited announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: ₹124 (up from ₹50.81 in 2Q 2023). Revenue: ₹48.0b (up 19% from 2Q 2023). Net income: ₹4.47b (up 144% from 2Q 2023). Profit margin: 9.3% (up from 4.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.5% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Anuncio • Oct 19
Shree Cement Limited Announces Resignation of Pramesh Arya, Joint President - Marketing, Effective January 17, 2024 Shree Cement Limited announced that Mr. Pramesh Arya, Joint President - Marketing has tendered his resignation from the Company on 18th October, 2023 due to personal reasons and will be relieved with effect from the close of business hours of 17th January, 2024. Accordingly, he shall also cease to be a member of Senior Management of the Company. Anuncio • Oct 11
Shree Cement Limited to Report Q2, 2024 Results on Nov 07, 2023 Shree Cement Limited announced that they will report Q2, 2024 results on Nov 07, 2023 Anuncio • Jul 27
Shree Cement Limited Announces Executive Changes Shree Cement Limited appointed Mr. Anupam Agrawal as Head Projects, Considered as Senior Management Person being part of core management team. Date of appointment: 26th July, 2023. Mr. Anupam Agrawal is BE (Mechanical) and having 33 years of rich experience of manufacturing and Mr. Ramesh Joshi as Head (RMC), Considered as Senior Management Person being Head of RMC division. Date of appointment: 26th July, 2023. Mr. Ramesh Joshi is BE (Civil) and having over 30 years of rich experience in cement industry across Grey, White and Ready Mix Concrete. Anuncio • Jul 25
Adani Group's Ambuja-ACC, JK Lakshmi Reportedly Lead Race to Acquire Sanghi Cement Adani group-owned Ambuja Cements Limited (BSE:500425)-ACC Limited (NSEI:ACC) and JK Lakshmi Cement Limited (BSE:500380) are ahead in the race to acquire Ahmedabad-based Sanghi Cements, Ltd. which is being sold for an estimated enterprise value of INR 60,000 million, people familiar with the matter said. The two frontrunners are expected to start due diligence on the company soon and, if it is satisfactory, place formal offers over the next two months, they said. Shree Cement Limited (NSEI:SHREECEM), Nirma Limited and Dalmia Bharat Limited (NSEI:DALBHARAT) had also submitted proposals to acquire a controlling stake in Sanghi Cement company, but are no longer in the running, the people said. Sanghi Cement is controlled by the family of Ravi Sanghi, promoters of Sanghi Industries. Sanghi Industries' shares hit a 52-week high of INR 93.35 on the BSE on July 24, 2023, giving the company a market capitalisation of around INR 24,000 million "No comments on market speculation," an Adani group spokesperson said in response to ET's queries. JK Lakshmi Cement and Sanghi Cement declined to comment. Dalmia and Nirma group also declined to comment. Shree Cement confirmed it has dropped out of the race to acquire Sanghi Cement. Ambuja-ACC, JK Lakshmi Cement and UltraTech are the top three cement players in Gujarat from where Sanghi Cement derives the bulk of its revenues. "It's a very strong strategic fit for Ambuja-ACC," a person briefed about discussions on the transaction remarked. Anuncio • Jul 06
Shree Cement Limited to Report Q1, 2024 Results on Jul 26, 2023 Shree Cement Limited announced that they will report Q1, 2024 results on Jul 26, 2023 Reported Earnings • Jul 05
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ₹352 (down from ₹646 in FY 2022). Revenue: ₹178.5b (up 19% from FY 2022). Net income: ₹12.7b (down 46% from FY 2022). Profit margin: 7.1% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 4.2%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.7% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Anuncio • Jul 04
Shree Cement Limited, Annual General Meeting, Jul 26, 2023 Shree Cement Limited, Annual General Meeting, Jul 26, 2023, at 11:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31 March, 2023 and the Reports of the Board of Directors and Auditors thereon; to consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March, 2023 and the Report of the Auditors thereon; to confirm payment of two Interim Dividends aggregating to INR 100/- per equity share for the financial year ended 31 March, 2023; to appoint a Director in place of Mr. Hari Mohan Bangur , who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment; and to consider other matters. Upcoming Dividend • May 25
Upcoming dividend of ₹55.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.6%). In line with average of industry peers (0.6%). Anuncio • May 23
Shree Cement Limited Declares Second Interim Dividend for the Year Ended 2023 The Board of Directors of the Shree Cement Limited has declared a second interim dividend of 55 per share (550%) for the year 2022-23. Earlier in the year, the Board had declared an interim dividend of 45 per share (450%). Total dividend for the year 2022-23 works out to 100 per share (1000%) compared to total dividend of 90/- per share (900%) in year 2021-22. The Board of Directors has not recommended any final dividend for the year 2022-23. Reported Earnings • May 23
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ₹352 (down from ₹646 in FY 2022). Revenue: ₹183.1b (up 22% from FY 2022). Net income: ₹12.7b (down 46% from FY 2022). Profit margin: 6.9% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 4.2%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Anuncio • Feb 14
Shree Cement Limited Announces Resignation of Prakash Narayan Chhangani as Whole Time Director Shree Cement Limited announced that Mr. Prakash Narayan Chhangani has resigned as Whole Time Director of the Company effective from close of Business Hours on 13 February, 2023 to pursue his career outside the organization. Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: ₹78.18 (vs ₹134 in 3Q 2022) Third quarter 2023 results: EPS: ₹78.18 (down from ₹134 in 3Q 2022). Revenue: ₹44.7b (up 23% from 3Q 2022). Net income: ₹2.82b (down 42% from 3Q 2022). Profit margin: 6.3% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Anuncio • Jan 14
Shree Cement Limited to Report Q3, 2023 Results on Feb 08, 2023 Shree Cement Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Anuncio • Dec 16
Shree Cement Limited Announces the Resignation of R.L. Gaggar as Independent Director Shree Cement Limited announced that Mr. R.l. Gaggar (DIN: 00066068), has resigned from the position of the Independent Director of the Company effective from close of Business Hours on 15th December, 2022 due to personal reasons. Anuncio • Nov 11
Shree Cement Limited(NSEI:SHREECEM) dropped from Nifty 50 Shree Cement Limited removed from Nifty 50. Anuncio • Oct 15
Shree Cement Limited Announces Resignation of Mr. Benu Gopal Bangur as Director and Chairman Shree Cement Limited announced Resignation of Mr. Benu Gopal Bangur as Director and Chairman of the Company and his appointment as "Chairman Emeritus" Mr. Benu Gopal Bangur Chairman of the Company, having been at the helm of the Company since incorporation, considering his advanced age, has tendered his resignation as Director and Chairman of the Company with effect from close of the business hours on 14th October, 2022. Mr. Benu Gopal Bangur has made a huge contribution to the success of the Company. Considering his vast experience and long association with the Company, the Board of Directors at its meeting held has approved his appointment as 'Chairman Emeritus' of the Company with effect from 15th October, 2022. Anuncio • Oct 08
Shree Cement Limited(NSEI:SHREECEM) dropped from Nifty 50 Shree Cement Limited removed from Nifty 50 Index Anuncio • Sep 27
Shree Cement Limited to Report Q2, 2023 Results on Oct 14, 2022 Shree Cement Limited announced that they will report Q2, 2023 results at 4:00 PM, Indian Standard Time on Oct 14, 2022 Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 16% share price gain to ₹24,491, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 31x in the Basic Materials industry in India. Total returns to shareholders of 31% over the past three years. Anuncio • Aug 12
Shree Cement Limited Announces Resignation of Dr. Y.K. Alagh as Independent Director Shree Cement Limited announced resignation of Dr. Y.K. Alagh as Independent Director of the Company effective from close of Business Hours on 10th August, 2022 due to his personal reasons. Anuncio • Jul 29
Shree Cement Limited Approves Final Dividend for the Financial Ended 31st March 2022 Shree Cement Limited approves final dividend of INR 45.00 for the financial ended 31st March 2022 at its Annual General Meeting held on July 28, 2022. Upcoming Dividend • Jul 06
Upcoming dividend of ₹45.00 per share Eligible shareholders must have bought the stock before 13 July 2022. Payment date: 27 August 2022. Payout ratio is a comfortable 14% and the cash payout ratio is 84%. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (1.0%). Anuncio • Jun 25
Shree Cement Limited to Report Q1, 2023 Results on Jul 28, 2022 Shree Cement Limited announced that they will report Q1, 2023 results on Jul 28, 2022 Anuncio • Jun 16
Shree Cement Limited, Annual General Meeting, Jul 28, 2022 Shree Cement Limited, Annual General Meeting, Jul 28, 2022, at 12:15 Indian Standard Time. Anuncio • May 23
Shree Cement Limited Recommends Final Dividend for the Year Ended 31 March 2022 The Board of Shree Cement Limited recommended final dividend @ INR 45/- per equity share of INR 10 each for the year ended 31 March 2022, subject to the approval of the Members at the upcoming Annual General Meeting of the Company. Reported Earnings • May 23
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₹646 (up from ₹634 in FY 2021). Revenue: ₹150.1b (up 11% from FY 2021). Net income: ₹23.3b (up 2.0% from FY 2021). Profit margin: 16% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 16%, compared to a 14% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Anuncio • May 22
Shree Cement Limited Appoints Zubair Ahmed as an Additional Director The Board of Directors of the Shree Cement Limited approved the appointment of Mr. Zubair Ahmed as an Additional Director of the Company designated as Independent Director w.e.f. 21st May, 2022. Mr. Zubair Ahmed is appointed for a term of 5 years from the date of his appointment, subject to the approval of the shareholders of the Company. Mr. Zubair Ahmed is a senior business leader with outstanding credentials of over 40 years in managing businesses across Asia, Middle East and Africa. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Additional Non-Executive Independent Director Uma Ghurka was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Anuncio • Apr 16
Shree Cement Limited to Report Q4, 2022 Results on May 21, 2022 Shree Cement Limited announced that they will report Q4, 2022 results on May 21, 2022 Anuncio • Feb 05
Shree Cement Limited Declares Interim Dividend for the Financial Year 2021-22, Payable from 28 February 2022 Shree Cement Limited announced that at its board meeting held on 4 February 2022, the board declared interim dividend of INR 45 per equity share of INR 10 each for the financial year 2021-22, which shall be payable to those share holders who hold shares on the record date fixed by the company that is 12 February 2022. The dividend shall be paid from 28 February 2022. Reported Earnings • Feb 05
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: ₹134 (down from ₹175 in 3Q 2021). Revenue: ₹37.5b (up 5.9% from 3Q 2021). Net income: ₹4.82b (down 24% from 3Q 2021). Profit margin: 13% (down from 18% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Over the next year, revenue is forecast to grow 17%, compared to a 13% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 30
Second quarter 2022 earnings released: EPS ₹156 (vs ₹146 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: ₹35.3b (up 8.5% from 2Q 2021). Net income: ₹5.63b (up 6.8% from 2Q 2021). Profit margin: 16% (in line with 2Q 2021). Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 15% share price gain to ₹30,640, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 24x in the Basic Materials industry in India. Total returns to shareholders of 82% over the past three years. Board Change • Aug 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Additional Non-Executive Independent Director Uma Ghurka was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 18
Full year 2021 earnings released: EPS ₹634 (vs ₹435 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹134.8b (up 4.7% from FY 2020). Net income: ₹22.9b (up 49% from FY 2020). Profit margin: 17% (up from 12% in FY 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 19% per year. Reported Earnings • May 23
Full year 2021 earnings released: EPS ₹634 (vs ₹435 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹134.8b (up 4.7% from FY 2020). Net income: ₹22.9b (up 49% from FY 2020). Profit margin: 17% (up from 12% in FY 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 19% per year. Anuncio • May 22
Shree Cement Limited Recommends Final Dividend for the Financial Year Ended 31 March, 2021 Shree Cement Limited at its Board of Directors meeting held on May 21, 2021, shareholders recommended final dividend INR 60 per equity share of INR 10 each for the year ended 31 March, 2021 subject To Approve the members at the ensuing Annual General Meeting of the Company. Is New 90 Day High Low • Mar 04
New 90-day high: ₹28,707 The company is up 15% from its price of ₹24,910 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹8,705 per share. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improved over the past week After last week's 17% share price gain to ₹26,716, the stock is trading at a trailing P/E ratio of 47.7x, up from the previous P/E ratio of 40.6x. This compares to an average P/E of 15x in the Basic Materials industry in India. Total returns to shareholders over the past three years are 59%. Is New 90 Day High Low • Feb 03
New 90-day high: ₹26,411 The company is up 21% from its price of ₹21,913 on 04 November 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Basic Materials industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹8,472 per share. Reported Earnings • Feb 01
Third quarter 2021 earnings released: EPS ₹175 (vs ₹87.55 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹36.5b (up 16% from 3Q 2020). Net income: ₹6.31b (up 104% from 3Q 2020). Profit margin: 17% (up from 9.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. Analyst Estimate Surprise Post Earnings • Feb 01
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 14%, compared to a 15% growth forecast for the Basic Materials industry in India. Anuncio • Jan 16
Shree Cement Limited to Report Q3, 2021 Results on Jan 30, 2021 Shree Cement Limited announced that they will report Q3, 2021 results on Jan 30, 2021 Is New 90 Day High Low • Jan 07
New 90-day high: ₹25,010 The company is up 18% from its price of ₹21,191 on 09 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹5,688 per share. Is New 90 Day High Low • Dec 04
New 90-day high: ₹24,910 The company is up 25% from its price of ₹19,924 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹5,035 per share. Price Target Changed • Nov 15
Price target raised to ₹22,696 Up from ₹21,211, the current price target is an average from 7 analysts. The new target price is close to the current share price of ₹23,432. As of last close, the stock is up 20% over the past year. Reported Earnings • Nov 13
Second quarter 2021 earnings released: EPS ₹146 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹32.5b (up 8.2% from 2Q 2020). Net income: ₹5.27b (up 70% from 2Q 2020). Profit margin: 16% (up from 10% in 2Q 2020). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 7.2%, compared to a 10% growth forecast for the Basic Materials industry in India. Is New 90 Day High Low • Nov 09
New 90-day high: ₹22,791 The company is up 6.0% from its price of ₹21,539 on 11 August 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹3,125 per share. Is New 90 Day High Low • Sep 21
New 90-day low: ₹18,905 The company is down 17% from its price of ₹22,744 on 23 June 2020. The Indian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹2,972 per share. Anuncio • Sep 03
Shree Cement Limited (NSEI:SHREECEM) agreed to acquire 76% stake in Quess East Bengal FC Private Limited. Shree Cement Limited (NSEI:SHREECEM) agreed to acquire 76% stake in Quess East Bengal FC Private Limited on September 2, 2020. Anuncio • Aug 02
Shree Cement Limited to Report Q4, 2020 Results on Aug 10, 2020 Shree Cement Limited announced that they will report Q4, 2020 results on Aug 10, 2020