Shree Cement’s Board of Directors approved an interim dividend of Rs. 50/- per share on January 31, 2024, for the financial years 2023-24.
Shree Cement (NSE: SHREECEM) shares have increased by 19% in the last 6 months and have given a profit of 17% to its investors in the last year. The current market value of this company is Rs. 1,02,664 Crore.
According to the company’s BSE filing, Shree Cement declared an interim dividend, ”The company said that the Board declared an interim dividend of Rs 50 per equity share of Rs 10 each for the financial year 2023-24, payable to shareholders holding shares on the record date determined by the company i.e. Thursday, February 08, 2024 “.
The dividend will be paid from Wednesday, February 21, 2024. Shree Cement shares fell more than 3 percent Friday, the last trading day. The 52-week high level of Shree Cement shares on BSE is Rs 30,738.
Whereas the 52-week low level is Rs 22,601.30. Shree Cement shares have gained 11% in the last 3 months, 13% in the last 2 years, and returned 82% in the last 5 years.
Brokerage advised to buy shares of Shree Cement. According to analysts, the outlook of the sector is positive.
The company expects that the demand for cement will remain strong in the coming time and its quantity will increase. The brokerage believes that the increase in cement demand will be positive due to the government’s focus on housing and infrastructure.
Shree Cement Ltd on January 31 reported a 165% year-on-year (YoY) rise in its standalone net profit at Rs 734 crore in the October-December quarter, compared to Rs 276.77 crore in the same quarter last year.
About Shree Cement Ltd
Shree Cement Limited is a cement manufacturer based in India. There are three types of cement. They are OPC, PPC, and PSC.
OPC is a hydraulic binder that is produced by mixing Portland cement with blended materials and a small amount of gypsum. OPC is suitable for both normal and pre-stressed buildings.
PPC can be made by mixing OPC and pozzolanic materials (siliceous), such as fly ash or pond ash. PSC is a mixture of clinker, gypsum, and iron blast furnace by-products in a suitable proportion.
The installed capacity in India is approximately 43.4 million tons per year and it’s 47.4 if you include overseas. The installed power generation capacity is approximately 752 Megawatts and includes solar, wind, waste heat recovery, etc.
Fundamental Analysis of Shree Cement Ltd
| Market Cap | ₹ 1,02,664 Cr. |
| Current Price | ₹ 28,450 |
| 52-wk High | ₹ 30,738 |
| 52-wk Low | ₹ 22,601 |
| Stock P/E | 43.6 |
| Book Value | ₹ 5,313 |
| Dividend | 0.35 % |
| ROCE | 8.99 % |
| ROE | 7.45 % |
| Face Value | ₹ 10.0 |
| P/B Value | 5.36 |
| OPM | 20.4 % |
| EPS | ₹ 652 |
| Debt | ₹ 2,081 Cr. |
| Debt to Equity | 0.11 |
Shree Cement Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹28,500 | ₹30,000 |
| 2025 | ₹30,154 | ₹30,249 |
| 2026 | ₹30,300 | ₹30,648 |
| 2027 | ₹30,700 | ₹30,900 |
| 2028 | ₹30,948 | ₹32,458 |
| 2029 | ₹32,500 | ₹32,800 |
| 2030 | ₹33,000 | ₹35,000 |
Shree Cement Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 62.56% |
| Mar 2023 | 62.56% |
| June 2023 | 62.56% |
| Sept 2023 | 62.56% |
| Dec 2023 | 62.56% |
| FII Holding | |
| Dec 2022 | 12.50% |
| Mar 2023 | 12.82% |
| June 2023 | 12.62% |
| Sept 2023 | 12.22% |
| Dec 2023 | 12.31% |
| DII Holding | |
| Dec 2022 | 11.79% |
| Mar 2023 | 11.58% |
| June 2023 | 11.83% |
| Sept 2023 | 12.37% |
| Dec 2023 | 12.37% |
| Govt. Holding | |
| Dec 2022 | 0.17% |
| Mar 2023 | 0.17% |
| June 2023 | 0.17% |
| Sept 2023 | 0.17% |
| Dec 2023 | 0.17% |
| Public Holding | |
| Dec 2022 | 13.00% |
| Mar 2023 | 12.90% |
| June 2023 | 12.83% |
| Sept 2023 | 12.69% |
| Dec 2023 | 12.60% |
Shree Cement Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 11,722 Cr |
| 2020 | ₹ 11,904 Cr |
| 2021 | ₹ 12,669 Cr |
| 2022 | ₹ 14,306 Cr |
| 2023 | ₹ 19,270 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 951 Cr |
| 2020 | ₹ 1,570 Cr |
| 2021 | ₹ 2,312 Cr |
| 2022 | ₹ 2,377 Cr |
| 2023 | ₹ 2,353 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.29 |
| 2020 | 0.18 |
| 2021 | 0.12 |
| 2022 | 0.12 |
| 2023 | 0.14 |
Last 10 Years’ Profit Growth:
| 10 Years: | 8% |
| 5 Years: | -1% |
| 3 Years: | -6% |
| Current Year: | 65% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 15% |
| 5 Years: | 13% |
| 3 Years: | 12% |
| Last Year: | 7% |
Sales Growth Over 10 Years:
| 10 Years: | 12% |
| 5 Years: | 11% |
| 3 Years: | 12% |
| Current Year: | 19% |
Conclusion
This article is a complete guide about Shree Cement Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s prospects and growth potential.
This information will help you in your further investment.
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Also Read: February 8, 2024 Record Date; Highest Ever Dividend; ₹25 Per Share Dividend
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