As of 6 Nov 2026, Shree Cement trades at 57.2× trailing earnings, above the industry P/E of 27.3×, and the shares are 11% below their 52-week high. It earns ROCE of 10% and ROE of 6.9%, and sales and net profit grew 5.7% and 11% a year over 3 years. It has almost no debt, and its dividend yield is 0.6%. It is a mid-cap company with a market cap of ₹90,563 Cr, ranked 4th of 58 Building Materials companies by market cap; the shares fell 9.8% over the past year.
- ₹24,795.00
- ₹25,100.00
- ₹24,500.00
- ₹24,895.00
- 15.6K
Health check
- ReturnsIn line
−9.8% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 57.2 vs industry 27.3.
- GrowthSteady
Sales +5.7%, profit +11.1% a year over 3 years.
- ProfitabilityAverage
ROCE 10.2% vs peer median 9.6%.
- Balance sheetSolid
Debt 0.09× equity, interest covered 12.1×, Piotroski 8 of 9.
- Red flags3 to check
Return on equity is low at 6.9%.
Mid cap
Defensive
Key metrics
- Market cap
- ₹90,563 Cr
- Mid cap
- P/E
- 57.2
- Industry 27.3
- Price to book
- 3.80
- Peers 2.12
- Dividend yield
- 0.56%
- ROE
- 6.9%
- Peers 4.9%
- ROCE
- 10.2%
- Peers 9.6%
- Debt to equity
- 0.09
- Debt ₹2,179 Cr
- EPS (TTM)
- ₹438.85
- Face value ₹10
- OPM (TTM)
- 20.1%
- Net margin 6.9%
- Sales growth
- +23.8%
- Latest quarter vs a year ago
- Profit growth
- −15.1%
- Latest quarter vs a year ago
- Price to sales
- 3.93
- EV/EBITDA 19.0
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 23.8% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 6.9%.
- Quarterly profit down 15.1% on a year ago.
- P/E of 57.2 against an industry P/E of 27.3.
About Shree Cement
Shree Cement Limited engages in the manufacture and sale of cement and clinker in India and internationally. The company provides ordinary Portland, Portland pozzolana, Portland slag, and composite cements. It also produces ready mix concrete, as well as aerated autoclaved concrete blocks, a lightweight and precast building material. The company offers its products under the Bangur brand name. In addition, it engages in the generation of power with a…
- Headquarters
- Kolkata
- Employees
- 7,157
- Sector
- Basic Materials
- ISIN
- INE070A01015
- Website
- shreecement.com
Price range
- Avg volume (3M)
- 33.6K
- 1-year return
- minus 9.8%
- From 52-week high
- minus 10.6%
Analyst consensus
Peers · Building Materials
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ULTRACEMCOUltraTech Cement | 12,450.00 | plus 1.63% | 3,66,110 | 41.6 | 22.8 | 11.8% | 19.1% | 0.38 | 11.9% | plus 3.6% |
| GRASIMGrasim Industries | 3,227.00 | minus 0.02% | 2,18,884 | 38.5 | 16.8 | 4.0% | 15.0% | 1.35 | 14.3% | plus 12.0% |
| AMBUJACEMAmbuja Cements | 390.60 | plus 0.67% | 97,057 | 34.7 | 14.6 | 4.6% | 14.3% | 0.01 | – | minus 31.6% |
| SHREECEMShree Cement | 25,100.00 | plus 0.82% | 90,563 | 57.2 | 18.0 | 10.2% | 20.1% | 0.09 | 5.7% | minus 9.8% |
| JKCEMENTJ.K. Cement | 5,239.80 | minus 0.20% | 40,487 | 42.3 | 19.2 | 13.3% | 15.8% | 1.01 | 12.1% | minus 9.1% |
| DALBHARATDalmia Bharat | 1,470.30 | plus 0.27% | 27,602 | 56.3 | 9.6 | 7.0% | 16.5% | 0.57 | 3.0% | minus 28.5% |
| ACCACC | 1,236.20 | plus 0.77% | 23,214 | 26.4 | 7.9 | 10.4% | 8.7% | 0.02 | – | minus 33.1% |
| RAMCOCEMThe Ramco Cements | 817.35 | plus 0.70% | 19,313 | 31.8 | 15.9 | 9.6% | 14.9% | 0.48 | 3.3% | minus 21.0% |
| Median of 7 peers | – | 0.67% | 40,487 | 38.5 | 15.9 | 9.6% | 15.0% | 0.48 | 11.9% | −21.0% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 5,281 | 4,801 | 6,101 | 6,233 | 5,897 | |
| 3,948 | 3,853 | 4,717 | 4,961 | 4,880 | |
| 1,333 | 947 | 1,384 | 1,272 | 1,016 | |
| 25.2% | 19.7% | 22.7% | 20.4% | 17.2% | |
| 235 | 146 | 101 | 212 | 112 | |
| 45.5 | 59 | 55.8 | 56.9 | 58.7 | |
| 654 | 710 | 762 | 686 | 703 | |
| 868 | 324 | 667 | 741 | 367 | |
| 25.9% | 17.4% | 20.9% | 28.4% | 28.3% | |
| 643 | 267 | 526 | 529 | 262 | |
| 178.12 | 73.92 | 145.70 | 146.67 | 72.56 |
Profit & loss
- Sales CAGR 3Y
- +5.7%
- Profit CAGR 3Y
- +11.1%
- EPS CAGR 3Y
- +11.1%
- ROE
- 6.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17,441 | 20,092 | 18,976 | 20,588 | |
| – | +15.2% | minus 5.6% | +8.5% | |
| 14,485 | 15,604 | 15,065 | 15,937 | |
| 2,956 | 4,488 | 3,912 | 4,651 | |
| 16.9% | 22.3% | 20.6% | 22.6% | |
| 316 | 275 | 186 | 270 | |
| 260 | 255 | 201 | 207 | |
| 1,661 | 1,897 | 3,007 | 2,794 | |
| 143 | 349 | 422 | 372 | |
| 1,495 | 2,959 | 1,312 | 2,293 | |
| 15.1% | 19.0% | 14.3% | 23.7% | |
| 1,271 | 2,396 | 1,123 | 1,744 | |
| – | +88.5% | minus 53.1% | +55.3% | |
| 352.18 | 663.98 | 311.18 | 483.24 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 36.1 | 36.1 | 36.1 | 36.1 | |
| 18,600 | 20,667 | 21,502 | 23,231 | |
| 2,725 | 1,656 | 1,046 | 1,868 | |
| 4,973 | 5,595 | 5,908 | 6,340 | |
| 26,334 | 27,953 | 28,492 | 31,476 | |
| 10,842 | 12,222 | 13,536 | 12,970 | |
| 3,391 | 2,698 | 4,259 | 1,802 | |
| 5,308 | 2,292 | 1,399 | 1,927 | |
| 3,549 | 5,703 | 6,660 | 8,599 | |
| 3,243 | 5,039 | 2,637 | 6,178 | |
| 26,334 | 27,953 | 28,492 | 31,476 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,569 | 3,347 | 4,920 | 3,794 | |
| −2,414 | −1,418 | −3,728 | −3,740 | |
| −277 | −1,710 | −1,296 | −110 | |
| −122 | 219 | −104 | −55.3 | |
| −3,314 | −3,200 | −4,105 | −1,909 | |
| −746 | 147 | 816 | 1,885 | |
| −325 | −379 | −380 | −505 |
Shareholding pattern
- Promoters62.55%
- Public37.45%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 62.55% | 37.45% | 0.00 | |
| 30 Jun 2026 | 62.55% | 37.45% | 0.00 | |
| 31 Mar 2026 | 62.55% | 37.45% | 0.00 | |
| 31 Dec 2025 | 62.55% | 37.45% | 0.00 | |
| 30 Sep 2025 | 62.55% | 37.45% | – |
Major shareholders
Filings & events
News
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