Shree Cements Ltd. News and Updates

Name: Latest research reports of Shree Cements Ltd. authored by IDBI Capital and published by - Trendlyne research reports.
Item: Shree Cements Ltd.
Rating: 3
Author: IDBI Capital

Keep track of all breaking news on Shree Cements Ltd. from all sources in a single place.

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Shree Cements Ltd.

17 Oct 2022

29670.00

-1.46%

Shree Cement: Q2FY23 Result Review

Hold: Shree Cements Ltd.

Target

IDBI Capital

Shree Cements Ltd. has an average target of 32133.78 from 9 brokers.

Shree Cements Ltd.

17 Oct 2022

29670.00

-1.46%

Result Update:Shree Cement

Hold: Shree Cements Ltd.

Target

Axis Direct

We maintain our HOLD rating on the stock and value the company at 17x of its FY24E EV/EBITDA to arrive at a TP of Rs 22,465 ( Rs18,640/share earlier), implying an upside of 6% from the CMP.

Number of FII/FPI investors increased from 547 to 588 in Jun 2025 qtr.

Shree Cements Ltd.

17 Oct 2022

29670.00

-1.46%

Weak realisation hits profitability

Buy: Shree Cements Ltd.

Recommendation Target

ICICI Securities Limited

Shree Cement’s (SRCM) Q2FY23 standalone EBITDA at Rs5.2bn (down 42% YoY) was below our / consensus estimates.

Shree Cements Ltd. is trading below its 30 day SMA of 30785.3

Shree Cements Ltd.

15 Oct 2022

29670.00

-1.46%

Neutral Shree Cement; target of Rs 21,510: Motilal Oswal

Moneycontrol

Motilal Oswal recommended Neutral rating on Shree Cement with a target price of Rs 21,510 in its research report dated October 15, 2022.

Shree Cements Ltd. is trading below its 30 day SMA of 30785.3

Shree Cements Ltd.

15 Oct 2022

29670.00

-1.46%

Cost pressures and weak realization hurt

Neutral: Shree Cements Ltd.

Target

Motilal Oswal

Shree Cements Ltd. has an average target of 32133.78 from 9 brokers.

Shree Cements Ltd.

14 Oct 2022

29670.00

-1.46%

Shree Cement Q2 net profit falls 67.5% amid high power and fuel cost

Business Standard

Shree Cement Ltd on Friday reported a 67.5 per cent decline in consolidated net profit to Rs 183.24 crore in the second quarter ended September 2022, impacted by higher power and fuel cost. The company, which had posted a consolidated net profit of Rs 563.94 crore in the same quarter last fiscal, also said its long-serving Chairman Benu Gopal Bangur has stepped down from the post due to his "advanced age" and will now become Chairman Emeritus. Gross revenue from operations stood at Rs 5,081.75 crore against Rs 4,219.8 crore in the year-ago period, Shree Cement said in a regulatory filing. Total expenses were higher at Rs 3,956.9 crore compared to Rs 2,798.3 crore with power and fuel cost at Rs 1,377.79 crore, up from Rs 726.75 crore a year ago, the company said. In a separate filing, Shree Cement said its board has accepted the resignation of its long-serving Chairman Benu Gopal Bangur due to his "advanced age" and will now become Chairman Emeritus with effect from October 15,...

Shree Cements Ltd. is trading below its 30 day SMA of 30785.3

Shree Cement Q2 Result | Profit falls 67% on year to Rs 189 crore as input costs jump

Moneycontrol | 14 Oct 2022

Shree Cements Ltd.

13 Oct 2022

29670.00

-1.46%

Q2 Results Preview: Shree Cement's profitability may be hit due to high petroleum coke, coal prices

Moneycontrol

Volumes are expected to grow 18 percent on year and realisations by 7 percent YoY but operating costs per tonne are seen rising by 24-28 percent

Number of FII/FPI investors increased from 547 to 588 in Jun 2025 qtr.

Shree Cements Ltd.

12 Oct 2022

29670.00

-1.46%

Shree Cement Q2 PAT may dip 48.2% YoY to Rs. 291.8 cr: KR Choksey

Moneycontrol

Net Sales are expected to increase by 12.7 percent Y-o-Y (down 13.9 percent Q-o-Q) to Rs. 3,801.2 crore, according to KR Choksey.

Number of FII/FPI investors increased from 547 to 588 in Jun 2025 qtr.

Shree Cements Ltd.

11 Sep 2022

29670.00

-1.46%

Price hike, falling input costs drive fortunes of cement stocks

livemint

Cement stocks are gaining momentum as price hikes are being announced in certain regions. The Shree Cement stock has gained more than 12% in the last three trading sessions, while India's largest cement producer, UltraTech's stock prices saw gains of more than 4%