|
31 Jul 2025 |
Shree Cements
|
Consensus Share Price Target
|
30660.00 |
30437.12 |
- |
-0.73 |
hold
|
|
|
|
|
01 Feb 2024
|
Shree Cements
|
Axis Direct
|
30660.00
|
31470.00
|
29613.55
(3.53%)
|
|
Buy
|
|
|
Recommendation: We roll over our estimate to FY26 and change our rating from HOLD to BUY on the back of strong operating performance.
|
|
01 Feb 2024
|
Shree Cements
|
IDBI Capital
|
30660.00
|
30069.00
|
29613.55
(3.53%)
|
Target met |
Hold
|
|
|
|
|
20 Nov 2023
|
Shree Cements
|
Geojit BNP Paribas
|
30660.00
|
28110.00
|
25953.65
(18.13%)
|
Target met |
Hold
|
|
|
|
|
09 Nov 2023
|
Shree Cements
|
ICICI Securities Limited
|
30660.00
|
27117.00
|
26270.50
(16.71%)
|
Target met |
Hold
|
|
|
With an upbeat Q2FY24 performance, Shree Cement (SRCM) has reclaimed its industry supremacy. While reported EBITDA stood just 2% ahead of estimates, a closer look brings forth the following positives for its core cement business – a) ~2% QoQ uptick in realisation (vs it being flat for major peers) and b) ~3% QoQ rise in EBITDA/t (vs QoQ dip for other large peers).
|
|
09 Nov 2023
|
Shree Cements
|
BOB Capital Markets Ltd.
|
30660.00
|
24792.00
|
25951.40
(18.14%)
|
Target met |
Hold
|
|
|
Q2 volume growth of 10% YoY could have been higher but for a pursuit of realisation gains (+10%)
|
|
08 Nov 2023
|
Shree Cements
|
Axis Direct
|
30660.00
|
25440.00
|
25951.40
(18.14%)
|
Target met |
Hold
|
|
|
We maintain our HOLD rating on the stock.
|
|
18 Aug 2023
|
Shree Cements
|
Hem Securities
|
30660.00
|
27615.20
|
23862.70
(28.49%)
|
Target met |
Buy
|
|
|
|
|
28 Jul 2023
|
Shree Cements
|
ICICI Securities Limited
|
30660.00
|
21534.00
|
23869.55
(28.45%)
|
|
Sell
|
|
|
Shree Cement’s (SRCM) Q1FY24 EBITDA (up 14% YoY) was 11% ahead of our estimates on improved performance in power segment. Core cement performance stood broadly in sync with volumes surging 19% YoY/flat QoQ, but realisations slipped ~2% QoQ.
|
|
28 Jul 2023
|
Shree Cements
|
Axis Direct
|
30660.00
|
25380.00
|
24048.05
(27.49%)
|
Target met |
Hold
|
|
|
We maintain our HOLD rating on the stock.
|
|
31 May 2023
|
Shree Cements
|
Geojit BNP Paribas
|
30660.00
|
26920.00
|
25165.20
(21.83%)
|
Target met |
Hold
|
|
|
|