Name: Latest research reports of Shree Cements Ltd. authored by Reliance Securities and published by - Trendlyne research reports.
Item: Shree Cements Ltd.
Rating: 5
Author: Reliance Securities

Shree Cements Ltd.

NSE: SHREECEM | BSE: 500387 | ISIN: INE070A01015 | Industry: Cement & Cement Products
| Expensive Star

30910.0000 -245.00 (-0.79%)

NSE Apr 22, 2025 15:31 PM

New 52W High in past week

Volume: 45,981

Shree Cements Ltd.

20 Mar 2020

30910.00

-0.79%

Shree Cement - 3QFY20 Result Update

Buy: Shree Cements Ltd.

Reliance Securities

Strong Operating Performance despite Dismal Show by Power Division Shree Cement (SRCM) has reported a strong operating performance in 3QFY20 albeit missing our estimates. EBITDA grew by 20% YoY to Rs8.5bn (vs. our estimate of Rs9bn), while EBITDA/ tonne remained strong at Rs1,365/tonne vs. Rs1,067 in 3QFY19 and Rs1,451 in 2QFY19. Sales volume grew by 5.3% YoY to 6.25mnT, while average realisation stood at Rs4,512/tonne (+4.6% YoY and -3% QoQ) slightly below our estimate of Rs4,540. Operating cost/tonne for cement declined by 3% YoY and 1.7% QoQ to Rs3,147 (-3% YoY and -1.7% QoQ) mainly led by steep decline in input cost/tonne entailed by reduction in fuel cost. However, its power division has...

Shree Cements Ltd. is trading above all available SMAs