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Swing Capital

Shree Cement Ltd

NSE: SHREECEM BSE: 500387Cement

Shree Cement is engaged in manufacturing and selling of cement and cement related products and is ** one of the lowest cost producers in the country. It is the 3rd largest** cement producer in India with an installed capacity of 46.4 MTPA. [1]

₹24,469
52W: ₹22550 — ₹32508
PE 51.8 · Book ₹6239 · +292% vs book
Market Cap₹88,285 Cr
Stock P/E51.8Price to Earnings
ROCE10.6%Return on Capital
ROE7.8%Return on Equity
Div. Yield0.44%Face Value ₹10

Strengths

  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 26.8%

Weaknesses

  • −Stock is trading at 3.90 times its book value
  • −The company has delivered a poor sales growth of 8.80% over past five years.
  • −Company has a low return on equity of 8.67% over last 3 years.
  • −Working capital days have increased from 26.9 days to 114 days

Shareholding Pattern

Promoters62.56%
FIIs8.94%
DIIs15.79%
Public12.48%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters62.56%62.56%62.56%62.56%62.56%62.56%62.56%62.56%
FIIs11.85%10.39%▼1.59.88%▼0.59.7%▼0.210.07%▲0.410.34%▲0.310.07%▼0.38.94%▼1.1
DIIs12.78%14.22%▲1.414.78%▲0.615.07%▲0.314.65%▼0.414.4%▼0.314.59%▲0.215.79%▲1.2
Public12.59%12.6%▲0.012.53%▼0.112.42%▼0.112.48%▲0.112.46%▼0.012.54%▲0.112.48%▼0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales4,8735,0734,8353,7274,2355,2404,9484,3034,4165,643
Expenses3,6393,7453,9183,1343,2893,8593,7193,4523,5564,393
Operating Profit1,2341,3279165939471,3811,2298518611,250
OPM %25%26%19%16%22%26%25%20%19%22%
Net Profit73466231893229556619277279532
EPS ₹203.5183.4188.0625.8163.58154.09171.4276.8177.22147.44

AI Insights

Revenue Trend

Mar 2026 revenue at ₹19,311Cr, up 7.1% YoY. OPM at 22%.

Debt Position

Borrowings at ₹1,795Cr. Debt-to-equity ratio: 0.08x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1,054Cr (13% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 15.79% (+3.96pp change). FIIs: 8.94% (-3.68pp change). Promoters hold 62.56%.

Margin & Efficiency

ROCE improving from 9% (Jun 2015) to 11% (Mar 2026). Working capital days: 114.

Valuation

PE 51.8x with 10.6% ROCE. Price is 292% above book value of ₹6,239. Dividend yield: 0.44%.

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