Shree Cement Industry Insights and Forecast

Shree Cement has a strong presence in the Indian cement market, with a market share of around 17% as of 2022.

The company has a diverse product portfolio, including Portland Pozzolana Cement (PPC), Ordinary Portland Cement (OPC), and Composite Cement.

Shree Cement's manufacturing capacity has grown significantly over the years, reaching 48.8 million tons per annum as of 2022.

The company operates 8 integrated cement plants and 4 grinding units across the country, with a presence in states like Rajasthan, Uttar Pradesh, and Madhya Pradesh.

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Shree Cement has a strong commitment to Corporate Social Responsibility (CSR) through its Shree Foundation Trust.

The company's CSR initiatives focus on education, which is one of the key areas of focus.

Shree Cement's CSR efforts also prioritize healthcare, ensuring that communities surrounding its operations have access to quality medical care.

Livelihood development is another crucial aspect of the company's CSR activities, aimed at improving the economic well-being of local communities.

Women's empowerment is a key component of Shree Cement's CSR initiatives, promoting gender equality and women's rights.

The company's CSR activities also focus on water access, basic infrastructure, and other essential needs of the communities surrounding its operations.

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Shree Cement's financial performance has been a mixed bag over the years. The company's revenue has seen a significant increase, from ₹13,476.33 crore in 2021 to ₹20,520.98 crore in 2024, with a slight dip to ₹19,282.83 crore in 2025.

The net profit has also fluctuated, with a high of ₹2,396.16 crore in 2024 and a low of ₹1,123.80 crore in 2025. Earnings per share (EPS) have also varied, ranging from ₹311.18 in 2025 to ₹663.98 in 2024.

Here's a breakdown of Shree Cement's financial performance over the years:

The financial performance of a company is a critical aspect of its overall health and success. Revenue has been steadily increasing, with a significant jump from 13,476.33 Cr in 2021 to 20,520.98 Cr in 2025.

The net profit, on the other hand, has been fluctuating, with a high of 2,396.16 Cr in 2024 and a low of 1,123.80 Cr in 2025. The company's earnings per share (EPS) have also varied, ranging from 311.18 in 2025 to 663.98 in 2024.

The debt-to-equity ratio has been decreasing, indicating a reduction in the company's debt burden. In 2021, the debt-to-equity ratio was 0.12, which decreased to 0.04 in 2025.

Here's a breakdown of the company's financial performance over the years:

The company's operating profit margin (OPM) has also fluctuated, ranging from 17% in 2024 to 30% in 2022.

Credit ratings have been a key aspect of our company's financial performance. One notable update was on 9 Oct from CARE, indicating a change in our credit rating.

There have been several rating updates from CARE and CRISIL. CARE updated our rating on 10 Oct 2024 and 27 Dec 2023.

CRISIL also made significant changes to our credit rating. They updated our rating on 8 Oct, 28 Jul, and 29 Jul 2024.

These updates from reputable credit rating agencies provide valuable insights into our company's financial health.

In terms of seasonal fluctuations, it's worth noting that Shree Cements tends to perform well in October, with a positive return in 10 out of 17 years.

The average positive change in October is a respectable 5.47%, which is a significant advantage for investors.

However, it's also worth mentioning that October has seen its fair share of downsides, with the maximum negative change reaching as high as -17.61% in 2018.

To put this in perspective, it's essential to have a long-term view and not get caught up in short-term market fluctuations.

Here's a breakdown of the key statistics for October:

The shareholding pattern of Shree Cement is quite stable, with promoters holding a consistent 62.56% stake since December 2022.

The number of shareholders has fluctuated, with 36,126 in December 2022 and 31,219 in March 2023.

Promoters have maintained their stake, while the number of shareholders has decreased, indicating a possible consolidation of shares among existing investors.

Here's a breakdown of the shareholding pattern of Shree Cement from 2017 to 2025:

The shareholding pattern of Shree Cement suggests a stable and consistent ownership structure, with promoters holding a significant stake and the number of shareholders fluctuating over time.

The shareholding pattern of a company is a crucial aspect of its governance, and it's essential to understand who owns what percentage of the company's shares. The shareholding pattern of the company has remained relatively stable over the past few years, with the promoters holding a consistent 62.56% of the shares.

The number of shareholders has fluctuated, with 36,126 shareholders in Dec 2022 and 31,219 in Mar 2023. This number has decreased over time, with 24,852 shareholders in Sep 2024 and 26,178 in Sep 2025.

Foreign Institutional Investors (FIIs) have held a significant portion of the company's shares, ranging from 10.39% in Sep 2024 to 12.47% in Mar 2024. Domestic Institutional Investors (DIIs) have also held a substantial amount of shares, with a range of 9.70% in Sep 2024 to 15.07% in Mar 2025.

Government holdings have remained minimal, with 0.25% of the shares held by the government in Dec 2024 and Sep 2025. Public shareholders have held a small percentage of the shares, ranging from 12.46% in Sep 2025 to 12.90% in Mar 2023.

Here is a summary of the shareholding pattern:

Related Party Transactions are a crucial aspect of Shareholding and Governance.

All Related Party Transactions submitted by the Company for quarter ended March 2025 and thereafter will be available under Integrated Filing - Financials.

A fresh viewpoint: Post the Transactions to T Accounts

Unfortunately, Shree Cement has been plagued by controversies and risks in recent years.

In 2018, six workers lost their lives in a tragic crane collapse at an under-construction factory near Sedam in Kalaburagi district, Karnataka.

The factory's safety protocols have been called into question after four workers died in separate incidents within two months in 2024.

This led to an investigation into the factory's safety measures.

In 2025, another worker's death sparked outrage when a group of workers were filmed dragging his body and dumping it outside the premises.

Six workers were subsequently arrested under various sections of the Bharatiya Nyaya Sanhita Act.

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Shree Cement's stock has reached an all-time high of 32,490.00, leaving investors wondering if it's a good time to buy in.

The stock's 20D Avg Volume is a significant 26,244, indicating a relatively high level of trading activity.

However, despite its impressive growth, the stock's growth trend is actually quite low, which might be a concern for some investors.

The company's Book Value Per Share is an impressive 5,786.82, indicating a strong financial foundation.

Here's a summary of Shree Cement's key financial metrics:

The stock's TTM EPS is a healthy 412.08, but it's worth noting that this represents a decline of 29.27% compared to the same period last year.

The stock price of this company has reached an all-time high of 32,490.00.

To gauge its financial strength, we can look at its book value per share, which is a significant 5,786.82.

The company's dividend yield is relatively low at 0.38.

A high price-to-book ratio of 4.97 suggests the stock is overvalued.

The price-to-earnings ratio (PE) of 69.66 is above average, indicating the stock is priced at high valuations.

The PE is considered high because it's above the 80th percentile.

A low growth trend is indicated by a -29.27% year-over-year (YoY) decline in trailing twelve months (TTM) earnings per share (EPS).

Here are some key metrics to keep in mind:

Economic indicators such as GDP growth rate and inflation rate can provide valuable insights into the future of an economy.

The GDP growth rate can indicate whether an economy is expanding or contracting, with a higher rate typically signifying a healthier economy. A 3% GDP growth rate is generally considered a benchmark for a stable economy.

Inflation rate can also be a key indicator, with a moderate inflation rate of around 2% being considered healthy for economic growth. Higher inflation rates can lead to decreased purchasing power.

Interest rates can also impact investment decisions, with lower interest rates making borrowing more affordable for businesses and individuals. A 5% interest rate is considered relatively low, making borrowing more attractive.

Market trends can also influence investment decisions, with a growing trend in sustainable investing indicating a shift towards environmentally friendly and socially responsible investments.

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Shree Cement is a leading player in the Indian cement industry, with a strong presence in the eastern and central regions of the country. It has a market share of around 12% in the Indian cement market.

The company has a diverse range of products, including Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and other specialized cements. Its product portfolio is designed to cater to the varied needs of the construction industry.

Shree Cement has a robust distribution network, with over 1,000 dealers and distributors across the country, enabling it to reach a wide customer base.

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Industry analytics is a crucial aspect of any industry, providing valuable insights to inform business decisions. The global industry analytics market is expected to grow to $22.8 billion by 2025.

Many industries rely on data-driven decision making to stay competitive. The manufacturing industry, for example, uses analytics to optimize production processes and improve supply chain management.

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A key challenge in industry analytics is handling large volumes of data. The retail industry, for instance, generates massive amounts of data from customer transactions and interactions.

To overcome this challenge, many industries are turning to cloud-based analytics solutions. These solutions enable faster processing and analysis of large datasets, making it easier to identify trends and patterns.

Industry leaders like Amazon and Walmart are already leveraging cloud-based analytics to gain a competitive edge. By analyzing customer behavior and preferences, they can tailor their offerings to meet specific needs.

The use of artificial intelligence (AI) is also becoming more prevalent in industry analytics. AI-powered analytics can help identify complex patterns and relationships within data, leading to more accurate predictions and insights.

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In the Indian cement industry, several key players have established themselves over the years. Shree Cement Ltd is headquartered in Kolkata, West Bengal.

The company has a significant workforce with 7,022 employees. This is a notable number, especially when compared to other industry players.

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UltraTech Cement Ltd, on the other hand, is headquartered in Mumbai, Maharashtra, and boasts a massive workforce of 23,137 employees. This is more than three times the number of employees at Shree Cement Ltd.

A comparison of the number of employees at various industry players reveals some interesting insights. Here's a breakdown of the number of employees at each company:

The table above provides a clear picture of the varying workforce sizes at different industry players.

Shree Cement has recently received some notable credit ratings. CARE Ratings reaffirmed and assigned CARE A1+ for two CP programmes totaling ₹1,000 crore on 10 Oct 2025.

The company has also received recognition from CRISIL, which reaffirmed CRISIL AAA/Stable and A1+ ratings for bank facilities worth ₹4,500 Cr, CP ₹1,000 Cr, and NCD ₹700 Cr.

In addition to these ratings, Shree Cement has also received a confirmation certificate from MUFG Intime India Private Limited, its Registrar and Share Transfer Agent (RTA), pursuant to 74(5) of the SEBI (Depository Participants) Regulations, 2018 on 7 Oct.

Here are the latest credit ratings assigned to Shree Cement:

The stock is currently 11.65% away from its 52-week high, which is a notable distance.

One of the key metrics to consider is the market capitalization, which is above the median, indicating a relatively large market value.

The promoter holding remains unchanged at 62.55% in the latest quarter, which is a stable and significant stake in the company.

Here are some key insights from the management interviews:

These ratings suggest a strong credit profile for the company, which could be a positive factor for investors.

Shree Cements shares have seen some fluctuations in the market. On September 16, 2025, they rose 2.02% in morning trade.

Their share price wasn't always on the rise. On August 22, 2025, it actually fell 2.03%, making it one of the top losers on the Nifty Next 50.

Investment analysts have been weighing in on Shree Cements. Prabhudas Lilladher recommended holding the stock, with a target price of Rs 30,001.

Let's take a look at the company's financial performance. In June 2025, their consolidated net sales were Rs 5,280.88 crore, a 3.06% increase from the same period the previous year.

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