|
11 Sep 2025 |
Shree Cements
|
Consensus Share Price Target
|
29890.00 |
30948.50 |
- |
3.54 |
hold
|
|
|
|
|
10 Feb 2023
|
Shree Cements
|
ICICI Direct
|
29890.00
|
28500.00
|
23970.60
(24.69%)
|
Target met |
Buy
|
|
|
|
|
10 Feb 2023
|
Shree Cements
|
ICICI Securities Limited
|
29890.00
|
27550.00
|
23970.60
(24.69%)
|
Target met |
Buy
|
|
|
Shree Cement’s (SRCM) Q3FY23 standalone EBITDA at Rs7bn (down 14% YoY) was in line with our / consensus estimates. Blended EBITDA/te declined 30% YoY, but grew 26% QoQ to Rs881/te (I-Sec: Rs912/te) as total cost/te fell 4% QoQ (flat YoY) against ~7% YoY fall (flat QoQ) in blended realisation.
|
|
09 Feb 2023
|
Shree Cements
|
Motilal Oswal
|
29890.00
|
22410.00
|
23199.80
(28.84%)
|
|
Neutral
|
|
|
|
|
09 Feb 2023
|
Shree Cements
|
Axis Direct
|
29890.00
|
26700.00
|
23199.80
(28.84%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain our BUY recommendation on the stock.
|
|
29 Nov 2022
|
Shree Cements
|
Axis Direct
|
29890.00
|
25900.00
|
23218.35
(28.73%)
|
Target met |
Buy
|
|
|
We roll over our estimate to FY25E and value the company at 17.5x FY25E EV/EBITDA to arrive at the TP of Rs. 25900/share, implying an upside potential of 11% from the current levels and hence change our rating from HOLD to BUY.
|
|
17 Oct 2022
|
Shree Cements
|
ICICI Securities Limited
|
29890.00
|
24600.00
|
21188.50
(41.07%)
|
Target met |
Buy
|
|
|
Shree Cement’s (SRCM) Q2FY23 standalone EBITDA at Rs5.2bn (down 42% YoY) was below our / consensus estimates.
|
|
17 Oct 2022
|
Shree Cements
|
ICICI Direct
|
29890.00
|
24300.00
|
21324.00
(40.17%)
|
Target met |
Buy
|
|
|
|
|
17 Oct 2022
|
Shree Cements
|
IDBI Capital
|
29890.00
|
21490.00
|
20831.10
(43.49%)
|
Target met |
Hold
|
|
|
|
|
17 Oct 2022
|
Shree Cements
|
Axis Direct
|
29890.00
|
22465.00
|
20831.10
(43.49%)
|
Target met |
Hold
|
|
|
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.
|
|
15 Oct 2022
|
Shree Cements
|
Motilal Oswal
|
29890.00
|
21510.00
|
21188.50
(41.07%)
|
Target met |
Neutral
|
|
|
|