|
13 Sep 2025 |
Shree Cements
|
Consensus Share Price Target
|
29580.00 |
30948.50 |
- |
4.63 |
hold
|
|
|
|
|
17 Oct 2022
|
Shree Cements
|
ICICI Securities Limited
|
29580.00
|
24600.00
|
21188.50
(39.60%)
|
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
|
Axis Direct
|
29580.00
|
22465.00
|
20831.10
(42.00%)
|
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.
|
|
17 Oct 2022
|
Shree Cements
|
IDBI Capital
|
29580.00
|
21490.00
|
20831.10
(42.00%)
|
Target met |
Hold
|
|
|
|
|
17 Oct 2022
|
Shree Cements
|
ICICI Direct
|
29580.00
|
24300.00
|
21324.00
(38.72%)
|
Target met |
Buy
|
|
|
|
|
15 Oct 2022
|
Shree Cements
|
Motilal Oswal
|
29580.00
|
21510.00
|
21188.50
(39.60%)
|
Target met |
Neutral
|
|
|
|
|
04 Aug 2022
|
Shree Cements
|
Geojit BNP Paribas
|
29580.00
|
22010.00
|
21237.40
(39.28%)
|
Target met |
Hold
|
|
|
|
|
29 Jul 2022
|
Shree Cements
|
ICICI Direct
|
29580.00
|
24300.00
|
20498.00
(44.31%)
|
Target met |
Buy
|
|
|
|
|
29 Jul 2022
|
Shree Cements
|
Prabhudas Lilladhar
|
29580.00
|
22080.00
|
20947.00
(41.21%)
|
Target met |
Hold
|
|
|
|
|
29 Jul 2022
|
Shree Cements
|
IDBI Capital
|
29580.00
|
21487.00
|
20956.45
(41.15%)
|
Target met |
Hold
|
|
|
|
|
23 May 2022
|
Shree Cements
|
Yes Securities
|
29580.00
|
30110.00
|
21927.05
(34.90%)
|
|
Buy
|
|
|
|
|
23 May 2022
|
Shree Cements
|
SMC online
|
29580.00
|
|
21253.80
(39.18%)
|
|
Results Update
|
|
|
|
|
23 May 2022
|
Shree Cements
|
Axis Direct
|
29580.00
|
20430.00
|
21941.70
(34.81%)
|
Target met |
Hold
|
|
|
Hence we maintain our HOLD rating on the stock and roll over our estimates to FY24 and value the company at 16x (18x earlier) of its FY24E EV/EBITDA to arrive at a target price of Rs 20,430 ( Rs 24,700/share earlier), implying a downside of 7% from CMP.
|
|
23 May 2022
|
Shree Cements
|
Prabhudas Lilladhar
|
29580.00
|
23150.00
|
21691.20
(36.37%)
|
Target met |
Hold
|
|
|
|
|
23 May 2022
|
Shree Cements
|
Sharekhan
|
29580.00
|
26000.00
|
21927.05
(34.90%)
|
Target met |
Buy
|
|
|
|
|
22 May 2022
|
Shree Cements
|
Motilal Oswal
|
29580.00
|
23740.00
|
21941.70
(34.81%)
|
Target met |
Neutral
|
|
|
|
|
09 Feb 2022
|
Shree Cements
|
Geojit BNP Paribas
|
29580.00
|
27040.00
|
24900.30
(18.79%)
|
|
Hold
|
|
|
Shree Cement Limited provides building materials. The company manufactures and sells cement and cement products in India. The company currently operates with a total cement capacity of 44.4mpta of which...
|
|
08 Feb 2022
|
Shree Cements
|
SMC online
|
29580.00
|
|
24900.30
(18.79%)
|
|
|
|
|
Other income rose 5.90% to Rs 113.85 crore. PBIDT fell 22.28% to Rs 959.05 crore. Provision for interest fell 9.43% to Rs 53.91 crore. PBDT fell 22.93% to Rs 905.14 crore. Provision for depreciation fell 11.47% to Rs 285.3 crore. Profit before tax down 27.26% to Rs 619.84 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 137.14...
|
|
08 Feb 2022
|
Shree Cements
|
ICICI Securities Limited
|
29580.00
|
28700.00
|
24764.00
(19.45%)
|
|
Hold
|
|
|
Other new capex includes 1) setting up of new integrated unit with 3.5 MT GU and 3.8 MT clinker unit in Rajasthan by Q4FY24E, 2) 3 MT grinding unit in West Bengal by Q4FY23E, 3) 106 MW solar power The entire total capex of | 4750 crore till FY24E will be funded via internal accruals. Total domestic capacity to reach 53.4 MT post these expansions Expected to continue to maintain its cost leadership, market share due to...
|
|
09 Nov 2021
|
Shree Cements
|
Geojit BNP Paribas
|
29580.00
|
31180.00
|
29388.90
(0.65%)
|
|
Hold
|
|
|
Shree Cement Limited provides building materials. The company manufactures and sells cement and cement products in India. The company currently operates with a total cement capacity of 44.4mpta of which...
|
|
01 Nov 2021
|
Shree Cements
|
SMC online
|
29580.00
|
|
28980.55
(2.07%)
|
|
|
|
|
Quarter ended Sep 2021 compared with Quarter ended Sep 2020. Net sales (including other operating income) of Shree Cement has increased 2.82% to Rs 3373.38 crore. Operating profit margin has declined from 31.06% to 27.30%, leading to 9.63% decline in operating profit to Rs 920.96 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 7.21% to 7.32%. Purchase of finished goods cost rose from 0.05% to 0.70%. Employee cost increased from 6.10% to 6.62%. Other expenses rose...
|