Shree Cement Ltd - Stock Valuation and Financial Performance

BSE: 500387 | NSE: SHREECEM | Cement & Construction Materials | Large Cap

Shree Cement Share Price

25,487.75 -162.75 -0.63%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Shree Cement

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Shree Cement stock performance -

mw4me loader
P/E Ratio (SA):
39.08
Market Cap:
91,961.7 Cr.
52-wk low:
22,601.3
52-wk high:
30,710.2

Is Shree Cement Ltd an attractive stock to invest in?

1. Is Shree Cement Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shree Cement Ltd is a good quality company.

2. Is Shree Cement Ltd undervalued or overvalued?

The key valuation ratios of Shree Cement Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Shree Cement Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Shree Cement Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Shree Cement:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shree Cement Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 16.1%8.7%17.2%17.2%13.8%11%12.4%14.7%13.7%7.5%-
Value Creation
Index
0.4-0.20.50.50.20.00.10.30.2-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5,9986,6247,5878,4879,83311,72211,90412,66914,30616,83719,270
Sales YoY Gr.-10.4%14.5%11.9%15.9%19.2%1.6%6.4%12.9%17.7%-
Adj EPS 228.8126.5437.6386.9394.2338.6434.6635.5654.4366.3652.1
YoY Gr.--44.7%246%-11.6%1.9%-14.1%28.3%46.2%3%-44%-
BVPS (₹) 1,352.11,514.52,619.82,209.62,553.62,754.73,585.54,226.74,786.85,068.95,516.9
Adj Net
Profit
7974411,5241,3481,3731,1801,5682,2932,3611,3222,353
Cash Flow from Ops. 1,4011,2392,0882,2021,8792,0603,7514,0942,7232,704-
Debt/CF from Ops. 0.90.70.60.61.81.40.80.50.70.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.2%11.4%12.3%17.7%
Adj EPS 5.4%-1.5%-5.5%-44%
BVPS15.8%14.7%12.2%5.9%
Share Price 15.9% 6% -5.7% -1.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Jun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
18.68.818.918.516.612.813.916.314.57.412.3
Op. Profit
Mgn %
23.220.524.828.125.323.930.931.425.517.420.4
Net Profit
Mgn %
13.36.720.115.91410.113.218.116.57.912.2
Debt to
Equity
0.30.20.10.20.40.30.20.10.10.1-
Working Cap
Days
931031431121301291319214915686
Cash Conv.
Cycle
4448523842465222566727

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.25%

Sales growth is good in last 4 quarters at 19.35%

Return on Equity has declined versus last 3 years average to 12.30%

Net Profit has been subdued in last 3 years -5.54%

Latest Financials - Shree Cement Ltd.

Standalone Consolidated
TTM EPS (₹) 652.1 622.7
TTM Sales (₹ Cr.) 19,270 20,188
BVPS (₹.) 5,516.9 5,597.8
Reserves (₹ Cr.) 19,869 20,161
P/BV 4.62 4.55
PE 39.08 40.93
From the Market
52 Week Low / High (₹) 22601.30 / 30710.15
All Time Low / High (₹) 11.25 / 32050.00
Market Cap (₹ Cr.) 91,962
Equity (₹ Cr.) 36.1
Face Value (₹) 10
Industry PE 41.8

Management X-Ray of Shree Cement:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shree Cement

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5,9986,6245,6908,4879,83311,72211,90412,66914,30616,837
Operating Expenses 4,6085,2804,2836,1207,3609,0698,2298,68910,66113,901
Manufacturing Costs2,1162,3481,8422,4803,0723,9903,5713,3624,7767,299
Material Costs5576756326907028267428601,1151,210
Employee Cost 395455370537588678731760807866
Other Costs 1,5401,8031,4392,4122,9993,5753,1863,7063,9624,527
Operating Profit 1,3901,3441,4072,3672,4732,6533,6753,9803,6452,937
Operating Profit Margin (%) 23.2%20.3%24.7%27.9%25.1%22.6%30.9%31.4%25.5%17.4%
Other Income 185138673508389246272433540437
Interest 12912176129135247287247218269
Depreciation 5509258281,2158991,3921,6991,1401,0361,546
Exceptional Items -81-35000-1780000
Profit Before Tax 8154011,1761,5311,8271,0811,9603,0262,9311,559
Tax 28-2633192443130390714554231
Profit After Tax 7874261,1431,3391,3849511,5702,3122,3771,328
PAT Margin (%) 13.1%6.4%20.1%15.8%14.1%8.1%13.2%18.2%16.6%7.9%
Adjusted EPS (₹)226.0122.4328.1384.4397.3273.0435.2640.8658.7368.1
Dividend Payout Ratio (%)10%20%7%36%13%22%25%9%14%27%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4,7115,2766,8467,6988,8979,59712,93615,25017,27118,288
Share Capital 35353535353536363636
Reserves 4,6765,2426,8117,6638,8629,56312,90015,21417,23518,252
Minority Interest0000000000
Debt1,0786167261,2923,3942,7772,3471,8401,6191,552
Long Term Debt4474015315192,2082,3091,6391,3321,298581
Short Term Debt6322151967741,186468709508320971
Trade Payables1882922573527274515287868041,129
Others Liabilities 1,2091,6181,2621,3161,6111,7552,7822,3783,0524,181
Total Liabilities 7,1867,8039,09110,65814,62914,58118,59420,25322,74625,150

Fixed Assets

Gross Block6,9088,6503,8724,6356,5488,83610,36311,36413,52315,075
Accumulated Depreciation4,7145,6458222,0362,9594,3616,0447,1738,2019,743
Net Fixed Assets2,1943,0043,0502,5993,5894,4764,3194,1925,3215,333
CWIP 7595112657101,4271,1219629719732,320
Investments 2,2441,6633,0304,0435,4344,4448,91511,05111,54611,651
Inventories8109198151,3151,5691,5891,4281,4772,1612,423
Trade Receivables297476329335459732828479596906
Cash Equivalents 15930883111121308108210118119
Others Assets7249221,5201,5462,0291,9112,0331,8742,0302,399
Total Assets 7,1867,8039,09110,65814,62914,58118,59420,25322,74625,150

Cash Flow

(All Figures are in Crores.)
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1,4011,2391,5662,2021,8792,0603,7514,0942,7232,704
PBT 8154011,1761,5311,8271,2601,9603,0262,9311,559
Adjustment 5229507081,0116711,5601,7189617201,378
Changes in Working Capital 119-22-175-51-113-530559851-73297
Tax Paid -56-91-143-289-507-230-486-744-196-329
Cash Flow From Investing Activity -1,234-990-1,265-2,048-3,595-813-5,373-2,868-1,865-2,409
Capex -1,583-1,124-737-1,295-2,526-1,885-1,294-998-1,948-2,762
Net Investments 24056-615-1,156-1,8362,923-3,868-1,94861519
Others 1097788402768-1,850-2117822-166
Cash Flow From Financing Activity -156-259-271-1671,726-1,2651,591-1,215-858-315
Net Proceeds from Shares 0000002,383000
Net Proceeds from Borrowing -186133-34-1461,685-8-68-71032-185
Interest Paid -147-125-89-128-125-275-287-251-209-257
Dividend Paid -89-89-159-485-184-231-623-2-379-324
Others 266-17812592351-752185-251-303452
Net Cash Flow 11-1031-1310-18-3111-1-20
PARTICULARSJun'14Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)18.418.5418.8618.4216.6810.2813.9416.414.627.47
ROCE (%)17.18.6217.9919.8618.4310.7615.7819.5617.179.11
Asset Turnover Ratio10.980.750.970.80.80.720.830.490.51
PAT to CFO Conversion(x)1.782.911.371.641.362.172.391.771.152.04
Working Capital Days
Receivable Days17192313141924151922
Inventory Days37435041524946336368
Payable Days88130159161281260241279260292

Shree Cement Ltd Stock News

Shree Cement Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shree Cement on 12-Apr-2024 16:59 is ₹25,487.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of Shree Cement stood at ₹91,961.7.
The latest P/E ratio of Shree Cement as of 12-Apr-2024 16:59 is 39.08.
The latest P/B ratio of Shree Cement as of 12-Apr-2024 16:59 is 4.62.
The 52-week high of Shree Cement is ₹30,710.2 and the 52-week low is ₹22,601.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shree Cement is ₹19,270 ( Cr.) .

About Shree Cement Ltd

Shree Cement the leading cement manufacturing in North India was incorporated in the year 1978. It has huge cement capacity. Its cement plants are located at Beawar, Ras, Khushkhera, Jobner and Suratgarh in Rajasthan and Laksar (Roorkee) in Uttarakhand. The company follows a multibrand strategy and sells cement under the highly recognized brands of Shree Ultra, Bangur and Rockstrong which together enjoy the largest market share in high value markets of Rajasthan, Delhi and Haryana.

Business area of the company

The Company is engaged in the manufacturing and selling of cement and cement related products. It is recognized as one of the most efficient and environment friendly company in the global cement industry.

Products

  • Roofon Cement
  • Shree Jangrodhak Cement
  • Bangur Power
  • Bangur Cement
  • Rockstrong

Awards

  • 2017-2018: Best Quality Excellence Award 2017-18 & 2018-19 by National Council for Cement and Building Materials (NCCBM).
  • 2018: Best Employers Award 2018 by the Employers Association of Rajasthan.
  • 2019: Global Sustainability Award 2019 by the Energy and Environment Foundation.
  • 2019: Supply Chain and Logistics Excellence (SCALE) Award 2019 by Confederation of Indian Industry (CII).
  • 2019: Golden Peacock Award for HR Excellence 2019 by the Institute of Directors (IOD).
  • 2019: Great Place to Work Certified by Great Place to Work Institute.
  • 2019: Industry Champion Award 2019 by Rajasthan Chamber of Commerce and Industry.
  • 2019: India Risk Management Award in Sustainability Category by ICICI Lombard and CNBC TV-18.
  • 2019: Bhamashaha Samman for Corporate Social Responsibility 2019 by Government of Rajasthan for Ras Site.
  • 2019-2020: Strong Commitment to HR Excellence 2019-20 by Confederation of Indian Industry (CII).
  • 2020: Corporate Governance and Sustainability Vision Awards 2020 by Indian Chamber of Commerce.
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