Shree Cement Ltd - Stock Valuation and Financial Performance

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

Shree Cement Share Price

25,320 -700.40 -2.69%
as on 07-Oct'24 16:01

DeciZen - make an informed investing decision on Shree Cement

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

Shree Cement stock performance -

mw4me loader
P/E Ratio (SA):
42.58
Market Cap:
93,883.6 Cr.
52-wk low:
23,714.1
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 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.6%18%19.9%18.4%10.8%15.8%19.6%17.2%9.1%15.5%-
Value Creation
Index
-0.20.60.80.60.00.40.70.5-0.20.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6,6247,5878,4879,83311,72211,90412,66914,30616,83719,58619,421
Sales YoY Gr.-14.5%11.9%15.9%19.2%1.6%6.4%12.9%17.7%16.3%-
Adj EPS 126.5437.6386.9394.2338.6434.6635.5654.4366.3687.4611.1
YoY Gr.-246%-11.6%1.9%-14.1%28.3%46.2%3%-44%87.7%-
BVPS (₹) 1,514.52,619.82,209.62,553.62,754.73,585.54,226.74,786.85,068.95,649.85,737.7
Adj Net
Profit
4411,5241,3481,3731,1801,5682,2932,3611,3222,4802,205
Cash Flow from Ops. 1,2392,0882,2021,8792,0603,7514,0942,7232,7043,304-
Debt/CF from Ops. 0.70.60.61.81.40.80.50.70.90.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.8%10.8%15.6%16.3%
Adj EPS 20.7%15.2%2.7%87.7%
BVPS15.8%15.5%10.2%11.5%
Share Price 11.7% 7.3% -3.4% -1.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Jun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
8.818.918.516.612.813.916.314.57.412.810.7
Op. Profit
Mgn %
20.524.828.125.323.930.931.425.517.422.322.4
Net Profit
Mgn %
6.720.115.91410.113.218.116.57.912.711.4
Debt to
Equity
0.20.10.20.40.30.20.10.10.10.1-
Working Cap
Days
1031431121301291319214915615897
Cash Conv.
Cycle
4852384246522256676942

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.63%

Sales growth is good in last 4 quarters at 11.39%

Return on Equity has declined versus last 3 years average to 10.70%

Net Profit has been subdued in last 3 years 2.65%

Latest Financials - Shree Cement Ltd.

Standalone Consolidated
TTM EPS (₹) 611.1 582.6
TTM Sales (₹ Cr.) 19,421 20,580
BVPS (₹.) 5,737.7 5,815.1
Reserves (₹ Cr.) 20,666 20,945
P/BV 4.54 4.47
PE 42.58 44.66
From the Market
52 Week Low / High (₹) 23714.05 / 30710.15
All Time Low / High (₹) 11.25 / 32050.00
Market Cap (₹ Cr.) 93,884
Equity (₹ Cr.) 36.1
Face Value (₹) 10
Industry PE 46.9

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales6,6245,6908,4879,83311,72211,90412,66914,30616,83719,586
Operating Expenses 5,2804,2836,1207,3609,0698,2298,68910,66113,90615,246
Manufacturing Costs2,3481,8422,4803,0723,9903,5713,3624,7767,3277,624
Material Costs6756326907028267428601,1151,2101,802
Employee Cost 455370537588678731760807866938
Other Costs 1,8031,4392,4122,9993,5753,1863,7063,9624,5044,882
Operating Profit 1,3441,4072,3672,4732,6533,6753,9803,6452,9324,340
Operating Profit Margin (%) 20.3%24.7%27.9%25.1%22.6%30.9%31.4%25.5%17.4%22.2%
Other Income 138673508389246272433540442585
Interest 12176129135247287247218269264
Depreciation 9258281,2158991,3921,6991,1401,0361,5461,615
Exceptional Items -35000-17800000
Profit Before Tax 4011,1761,5311,8271,0811,9603,0262,9311,5593,046
Tax -2633192443130390714554231577
Profit After Tax 4261,1431,3391,3849511,5702,3122,3771,3282,468
PAT Margin (%) 6.4%20.1%15.8%14.1%8.1%13.2%18.2%16.6%7.9%12.6%
Adjusted EPS (₹)122.4328.1384.4397.3273.0435.2640.8658.7368.1684.2
Dividend Payout Ratio (%)20%7%36%13%22%25%9%14%27%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSJun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 5,2766,8467,6988,8979,59712,93615,25017,27118,28820,384
Share Capital 35353535353636363636
Reserves 5,2426,8117,6638,8629,56312,90015,21417,23518,25220,348
Minority Interest0000000000
Debt6167261,2923,3942,7772,3471,8401,6191,5521,188
Long Term Debt4015315192,2082,3091,6391,3321,298581713
Short Term Debt2151967741,186468709508320971475
Trade Payables2922573527274515287868041,1291,064
Others Liabilities 1,6181,2621,3161,6111,7552,7822,3783,0524,1814,184
Total Liabilities 7,8039,09110,65814,62914,58118,59420,25322,74625,15026,820

Fixed Assets

Gross Block8,6503,8724,6356,5488,83610,36311,36413,52315,07518,424
Accumulated Depreciation5,6458222,0362,9594,3616,0447,1738,2019,74311,325
Net Fixed Assets3,0043,0502,5993,5894,4764,3194,1925,3215,3337,099
CWIP 5112657101,4271,1219629719732,3201,833
Investments 1,6633,0304,0435,4344,4448,91511,05111,54611,65110,675
Inventories9198151,3151,5691,5891,4281,4772,1612,4233,146
Trade Receivables476329335459732828479596906930
Cash Equivalents 30883111121308108210118119297
Others Assets9221,5201,5462,0291,9112,0331,8742,0302,3992,840
Total Assets 7,8039,09110,65814,62914,58118,59420,25322,74625,15026,820

Cash Flow

(All Figures are in Crores.)
PARTICULARSJun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1,2391,5662,2021,8792,0603,7514,0942,7232,7043,304
PBT 4011,1761,5311,8271,2601,9603,0262,9311,5593,046
Adjustment 9507081,0116711,5601,7189617201,3781,322
Changes in Working Capital -22-175-51-113-530559851-73297-624
Tax Paid -91-143-289-507-230-486-744-196-329-440
Cash Flow From Investing Activity -990-1,265-2,048-3,595-813-5,373-2,868-1,865-2,409-1,350
Capex -1,124-737-1,295-2,526-1,885-1,294-998-1,948-2,762-2,806
Net Investments 56-615-1,156-1,8362,923-3,868-1,948615191,490
Others 7788402768-1,850-2117822-166-35
Cash Flow From Financing Activity -259-271-1671,726-1,2651,591-1,215-858-315-1,794
Net Proceeds from Shares 000002,3830000
Net Proceeds from Borrowing 133-34-1461,685-8-68-71032-185-470
Interest Paid -125-89-128-125-275-287-251-209-257-219
Dividend Paid -89-159-485-184-231-623-2-379-324-379
Others -17812592351-752185-251-303452-726
Net Cash Flow -1031-1310-18-3111-1-20160
PARTICULARSJun'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)8.5418.8618.4216.6810.2813.9416.414.627.4712.77
ROCE (%)8.6217.9919.8618.4310.7615.7819.5617.179.1115.51
Asset Turnover Ratio0.980.750.970.80.80.720.830.490.510.56
PAT to CFO Conversion(x)2.911.371.641.362.172.391.771.152.041.34
Working Capital Days
Receivable Days19231314192415192223
Inventory Days43504152494633636870
Payable Days130159161281260241279260292222

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 07-Oct-2024 16:01 is ₹25,320.
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 07-Oct-2024 16:01 the market cap of Shree Cement stood at ₹93,883.6.
The latest P/E ratio of Shree Cement as of 07-Oct-2024 16:01 is 42.58.
The latest P/B ratio of Shree Cement as of 07-Oct-2024 16:01 is 4.54.
The 52-week high of Shree Cement is ₹30,710.2 and the 52-week low is ₹23,714.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shree Cement is ₹19,421 ( 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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