Login
Products
Login
Home
Alerts
Search
Watchlist
Products

Shree Cement Ltd

SHREECEM
NSE
24,195.00
1.47%
Last Updated:
30 Apr '26, 4:00 PM
Company Overview
Guidance Tracker
Alert
Watchlist
Note

Shree Cement Ltd

SHREECEM
NSE
24,195.00
1.47%
30 Apr '26, 4:00 PM
Company Overview
Guidance Tracker
Add Alert
Add to Watchlist
Edit Note
6M
Price
Charts
Documents

Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
87,297Cr
Close
Close Price
24,195.00
Industry
Industry
Cement
PE
Price To Earnings
48.71
PS
Price To Sales
4.28
Revenue
Revenue
20,374Cr
Rev Gr TTM
Revenue Growth TTM
6.38%
PAT Gr TTM
PAT Growth TTM
46.67%
Peer Comparison
How does SHREECEM stack up?
Compare up to 10 companies side by side across valuation, profitability, and growth.
SHREECEM
VS

Quarterly Results

Upcoming Results on
6 May 2026
Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
5,1005,0364,7745,1935,4015,1244,0544,5735,5325,2814,7614,801
Growth YoY
Revenue Growth YoY%
16.914.118.220.85.91.8-15.1-11.92.43.117.45.0
Expenses
ExpensesCr
4,2114,0913,8883,9303,9794,1973,4413,6084,1033,9483,7873,853
Operating Profit
Operating ProfitCr
8899458861,2641,4229276139651,4291,333974947
OPM
OPM%
17.418.818.624.326.318.115.121.125.825.220.519.7
Other Income
Other IncomeCr
146169132147150139181111158235179146
Interest Expense
Interest ExpenseCr
717467556256565241465159
Depreciation
DepreciationCr
473339412444702704716799788654668710
PBT
PBTCr
49170053991380730623225758868434324
Tax
TaxCr
-341289321113127-533118322512456
PAT
PATCr
52557244770267627877194575644310268
Growth YoY
PAT Growth YoY%
-20.3105.1143.7149.028.7-51.3-82.8-72.4-14.9131.2304.338.2
NPM
NPM%
10.311.49.413.512.55.41.94.210.412.26.55.6
EPS
EPS
145.7158.6123.8194.5187.077.221.253.6159.2178.185.573.9

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearJun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
6,4545,5148,5949,83312,55512,86813,56015,01017,85220,40419,28320,374
Growth
Revenue Growth%
55.914.427.72.55.410.718.914.3-5.55.7
Expenses
ExpensesCr
5,1104,1076,0817,3609,7619,1099,48011,30214,89315,91015,34915,692
Operating Profit
Operating ProfitCr
1,3441,4072,5132,4732,7943,7594,0793,7082,9604,4943,9344,682
OPM
OPM%
20.825.529.225.122.329.230.124.716.622.020.423.0
Other Income
Other IncomeCr
10267336238972274438546459621589718
Interest Expense
Interest ExpenseCr
12176129135248291251216263258205197
Depreciation
DepreciationCr
9258281,2158991,4721,8081,2621,1461,6611,8973,0072,819
PBT
PBTCr
4011,1761,5311,8271,1461,9343,0042,8921,4952,9591,3122,384
Tax
TaxCr
-2633192443131390714555226563188588
PAT
PATCr
4261,1431,3391,3841,0151,5442,2902,3371,2692,3961,1241,796
Growth
PAT Growth%
17.13.4-26.752.148.32.0-45.788.8-53.159.8
NPM
NPM%
6.620.715.614.18.112.016.915.67.111.75.88.8
EPS
EPS
122.4328.1384.4397.3288.9435.4633.5646.3325.2664.0311.2496.7

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearJun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
353535353536363636363636
Reserves
ReservesCr
5,2416,8117,6638,8629,63613,13315,36117,42418,60020,66721,50222,406
Current Liabilities
Current LiabilitiesCr
1,4491,1621,9892,9672,1274,0164,4434,6866,7326,1285,7566,553
Non Current Liabilities
Non Current LiabilitiesCr
1,2731,4561,4793,2783,6332,6901,6221,5529251,0821,1571,160
Total Liabilities
Total LiabilitiesCr
7,9989,46311,16615,14215,49319,94421,51323,74926,33427,95328,49230,200
Current Assets
Current AssetsCr
2,2321,8093,2825,7004,7197,8948,1878,4708,96812,21212,10213,804
Non Current Assets
Non Current AssetsCr
5,7667,6557,8849,44110,77412,05013,32615,27917,36615,74116,38916,396
Total Assets
Total AssetsCr
7,9989,46311,16615,14215,49319,94421,51323,74926,33427,95328,49230,200

Cash Flow

Consolidated
Standalone
Financial YearJun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
1,2391,5662,2021,8792,0803,9734,2542,6682,5693,3474,920
Investing Cash Flow
Investing Cash FlowCr
-990-1,265-2,048-3,595-722-5,599-2,645-2,151-2,414-1,418-3,728
Financing Cash Flow
Financing Cash FlowCr
-259-271-1671,726-1,2761,581-1,233-849-277-1,710-1,296
Net Cash Flow
Net Cash FlowCr
-1031-131083-44376-333-122219-104
Free Cash Flow
Free Cash FlowCr
115832922-6451602,4463,138461-687238848
CFO To PAT
CFO To PAT%
290.5137.0164.4135.7204.9257.3185.8114.2202.4139.7437.8
CFO To EBITDA
CFO To EBITDA%
92.2111.387.676.074.5105.7104.372.086.874.5125.1

Ratios

Consolidated
Standalone
Financial YearJun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
39,45443,27459,29856,37664,92363,4121,06,34986,56994,44892,7411,10,053
Price To Earnings
Price To Earnings
96.129.147.240.764.541.346.537.174.338.798.0
Price To Sales
Price To Sales
6.17.86.95.75.24.97.85.85.34.55.7
Price To Book
Price To Book
7.56.37.76.36.74.86.95.05.14.55.1
EV To EBITDA
EV To EBITDA
29.631.224.124.124.117.326.423.832.820.928.2
Profitability Ratios
Profitability Ratios
GPM
GPM%
92.791.892.792.291.992.392.193.192.090.589.6
OPM
OPM%
20.825.529.225.122.329.230.124.716.622.020.4
NPM
NPM%
6.620.715.614.18.112.016.915.67.111.75.8
ROCE
ROCE%
8.816.518.516.011.214.318.815.98.214.46.7
ROE
ROE%
8.116.717.415.610.511.714.913.46.811.65.2
ROA
ROA%
5.312.112.09.16.57.710.69.84.88.63.9
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Company Overview** Shree Cement Limited is one of India’s leading cement manufacturers and ranks among the top three cement producers in the country by production capacity. With a strong legacy since its inception in 1985 in Beawar, Rajasthan, the company has evolved into a diversified, technology-driven building materials conglomerate. It operates across 12 Indian states and internationally in Ras Al Khaimah, UAE, through its subsidiary Union Cement Company (PJSC). The company is committed to cost leadership, innovation, sustainability, and digital transformation, underpinned by the 'Build Smart' philosophy—emphasizing efficiency, customer focus, and alignment with India’s infrastructure development goals. --- ### **Strategic Vision & Growth Targets** - **Capacity Expansion**: Shree Cement aims to surpass **80 million tonnes per annum (MTPA)** of cement production capacity by **2028**, up from **62.8 MTPA** in April 2025. - **Capacity Growth CAGR**: Over the past two decades, the company has expanded at a **16.6% CAGR**, significantly outpacing the industry average of 7–8%. - **Debt-Free Growth**: Capacity expansions are funded entirely through **internal accruals**, maintaining a **debt-free balance sheet** with **INR 6,336.48 crore in net cash reserves** as of July 2025. --- ### **Operational Footprint** - **Cement Plants**: - Integrated plants and grinding units in Beawar, Nawalgarh, Baloda Bazar, Etah, Kodla, Athagarh, Banka, Patas, Kushtagi, and Basavana Bagewadi. - International presence in Ras Al Khaimah, UAE. - **Production Capacity**: - Reaches **62.8 MTPA** post commissioning of the **Etah (Uttar Pradesh)** grinding unit and **Baloda Bazar (Chhattisgarh)** expansion in April 2025. - **Limestone Reserves**: - Owns **8 operational limestone mines** with **2,800 million tonnes** of reserves and has secured **5 new mines** with an additional **500 million tonnes**, ensuring long-term feedstock security. - **Coal Mine**: Acquired a dedicated coal mine in Chhattisgarh with **4.3 million tonnes** of reserves. --- ### **Ready-Mix Concrete (RMC) Expansion** Shree Cement has strategically entered the **RMC segment** to vertically integrate into the construction value chain: - Operates **24 RMC plants** as of October 2025, comprising: - **9 commercial** and **6 captive** plants initially (July 2025) - Expanded significantly through: - Acquisition of **5 RMC plants** in the Mumbai Metropolitan Region (Mar 2024) for **₹33.5 crore**. - Commissioning of a **greenfield plant in Hyderabad (90 m³/hour capacity)** in March 2024. - New facility in **Raipur, Chhattisgarh** (Oct 2025). - **Sales Volume**: Achieved **5.39 lakh cubic meters** in FY 2024–25. - **Future Expansion**: - **10 plants under construction**, **7 awaiting approvals**, **7 in finalization stage**. - Plans to establish **~50 RMC plants by FY25–26** and up to **100 plants across 50 cities** over the next 3–4 years. - **Sustainability**: RMC mixes use **up to 30% fly ash and 50% GGBS**, reducing carbon emissions and supporting green construction. --- ### **Sustainability & Green Initiatives** Shree Cement is a pioneer in sustainable cement manufacturing: - **Green Energy Leadership**: - Installed **1,033 MW** of total power capacity (solar, wind, thermal, waste heat recovery). - **56% of electricity consumption** from green sources as of July 2024. - Plans to add **135 MW of solar capacity** across Rajasthan, Panipat, Jharkhand, Uttarakhand, and Uttar Pradesh. - **India’s First Solar-Powered RMC Plant**: Commissioned at **Jaipur**, reducing fossil fuel dependence and carbon footprint. - **Synthetic Gypsum Production**: - Pioneered in-house production using spent acid and low-grade limestone. - Facilities at **Ras** and **Beawar** produce **4,910 tonnes/day**. - Eliminates need for natural gypsum and supports circular economy. - **Alternative Fuels**: - Uses **agro-waste** in grinding units (especially in NCR), consuming **124,000 tonnes** in FY23–24. - Reduces stubble burning and operational costs. - **LC3 Cement Development**: - Developed **low-carbon Limestone Calcined Clay Cement (LC3)** in collaboration with IIT Delhi and TARA. - Reduces clinker content and CO₂ emissions while maintaining performance. --- ### **Digital Transformation & Technology Leadership** Shree Cement is at the forefront of digital and Industry 4.0 adoption: - **Digital Platforms**: - **Udaan Suite**: - **Udaan PRO**: Mobile app for sales teams—enables order booking, complaint logging, and market intelligence from **140,000+ field visits**. - **Udaan CONNECT**: Used by **17,000+ dealers and retailers** for real-time order tracking, sales monitoring, and financial settlements. - **Nirman Mitra 2.0**: Contractor loyalty platform with **243,000+ registered contractors**; rewards redeemed within **15 days**. - **AI & Machine Learning**: - Deployed in **cement strength prediction**, **kiln video analytics**, **freight route optimization**, and **mill simulation**. - **Procurement AI Agents** in development to streamline bidding and supplier decisions. - Uses **Generative AI (Copilot Chat)** for master data management and de-duplication. - **Automation & IoT**: - SAP S/4HANA **(SAP Rise)** and **Cloud IIoT platforms** form digital backbone. - **Data lakes** enable AI-driven decision-making. - **Isaac Mobile App**: Digital checklists for equipment inspections, improving **Mean Time Between Failures (MTBF)**. - **Robo Analysis**: Automates lab testing, enabling unmanned QA/QC operations. - **Logistics Optimization**: - **LP Solver** and upcoming **Blue Yonder** system for real-time supply chain intelligence. - **GPS-enabled tracking**, **automated inventory**, and **freight optimization** reduce transit losses and improve delivery assurance. --- ### **Innovation & R&D** - **In-House R&D**: - State-of-the-art labs in North, East, and South India (DSIR-recognized). - Dedicated **Innovation Team** focusing on AI/ML, robotics, and process optimization. - **Patents & IP**: - **4 granted patents**, including synthetic gypsum, waste heat recovery systems, and multi-dynamic separators. - **Multiple patent applications** in progress for deduster systems and cement booster technologies. - **Product Innovation**: - **Bangur Magna**: Premium cement with superior strength, crack, and moisture resistance; targets high-end infrastructure. - **Bangur Marble**: Extra-white PSC with GGBS, ideal for exposed architectural concrete. - **Roofon Plus**: Engineered with nano-particles for high-density, early-strength concrete—ideal for beams, columns, roofs. - **Water-repellent Cement**: In-house development under PPC and CC categories. --- ### **Supply Chain & Logistics Excellence** - **Rail Network**: - **Dedicated railway sidings** at 10+ locations (Beawar, Ras, Baloda Bazar, etc.). - Expanding to **Etah, Guntur, Suratgarh**, and others to reduce logistics costs. - **Fleet Efficiency**: - Shift from 14-wheeler to **22-wheeler trucks** in South India, improving payload and fuel efficiency. - **Mechanized loading systems** and **telescopic chutes** reduce turnaround time. - **Digitalization**: - **RFID-based Integrated Logistics Management System** automates gate entry to exit. - **Logistics Control Tower** enables real-time monitoring of trucks and rakes. - **Dynamic Sales & Operations Planning (S&OP)** integrates with **SAP ERP** for monthly results by the **3rd** of the following month. --- ### **Market Strategy & Branding** - **Master Brand ‘Bangur’**: Launched in **Jan 2024** to unify brand identity, replacing fragmented branding with a modern, aspirational positioning. - **Premiumization Drive**: - **Share of premium product sales** rose from **11.9% (Q4 2024)** to **15.6% (Q4 2025)**. - Products like **Bangur Magna**, **Powermax**, and **Marble** command price and quality leadership. - **Customer Segmentation**: - Targets **independent homebuilders**, contractors, and government infra projects. - **700+ Technical Service Officers (TSOs)** provide on-site support and product guidance. - Engaged **1,700+ gram panchayats**, capturing rural demand. - **Marketing & Engagement**: - **Sunny Deol** as brand ambassador for Bangur Master brand (since Feb 2024). - Over **150,000 contractors engaged** with positive feedback on quality and packaging. --- ### **Environmental, Social & Governance (ESG)** - **Carbon Reduction Focus**: - Member of **GCCA’s INNOVANDI** project on carbon capture technologies. - Partnered with the **World Bank** on climate and sustainability initiatives. - **Water Conservation**: - **28 lakh kiloliter** rainwater harvesting reservoir at Baloda Bazar (formed from a repurposed flooded mine). - Use of **EVALOCK**, a biodegradable chemical, reduces evaporation by **30%**. - **Safety Innovations**: - Industry-first **solenoid-operated suspension charging** system with **oxygen-detection safety**. - **Komatsu Dozer engine test bench** reduces recommissioning time.