Shree Cements Ltd. key Products/Revenue Segments include Cement & Clinker, Power, Traded Goods, Other Operating Revenue and Scrap for the year ending 31-Mar-2024.
Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 5689.95 crore, up 21.49% from last quarter Total Income of Rs 4683.46 crore and up 1.93% from last year same quarter Total Income of Rs 5582.44 crore. The company has reported net profit after tax of Rs 574.99 crore in the latest quarter. The company’s top management includes Mr.H M Bangur, Mr.Prashant Bangur, Mr.Neeraj Akhoury, Mr.Zubair Ahmed, Mr.Shreekant Somany, Mr.Sushil Kumar Roongta, Ms.Uma Ghurka, Mr.Sanjiv Krishnaji Shelgikar. Company has B R Maheshwari & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 4 crore shares outstanding.
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Investment Rationale
Shree Cement?s (SRCM) FY26 playbook, as articulated by Chairman Mr H M Bangur, seems decisive and leaves little room for ambiguity. Prioritising ?value over volume?, SRCM has guided: 1) 2?3% volume growth vs. 7?8% estimated for industry; 2) a target EBITDA/t of INR 1,400 ? being broadly at par with Q4FY25 (FY25 stood Rs 1,070/t). The volume guidance corroborates our channel-check findings viz., SRCM restraining its volume-push and focussing not just on higher pricing, but also on narrowing the gap with larger peers. Further, cash-rich SRCM has hinted at a special reward for shareholders in year 2025 (incidentally marks SRCM?s 40th anniversary since commencing operations). By and large, the company?s stance (value over volume) is in sync with our Dec?24 sector upgrade hypothesis of a pronounced tapering in industry-wide competitive intensity. The improving margin outlook for the sector keeps us as enthused as before; maintain BUY with an unchanged target price of Rs 35,330.Promoter/FII Holdings
Promoters held 62.55 per cent stake in the company as of 31-Mar-2025, while FIIs owned 9.7 per cent, DIIs 15.06 per cent.
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