SHREE CEMENT LIMITED (SHREECEM)

Construction Materials · Cement & Cement Products · NSE · Updated 14 July 2026

₹26,420 ↓ 15.05% (1Y)

🎯 Key Takeaways

Shree Cement is in a mature cash cow phase with signs of operational consolidation, leveraging scale and efficiency to maintain strong profitability despite a challenging macro environment. The company has demonstrated consistent cash flow generation and profitability, supported by strategic capacity expansion and investment-grade credit ratings.
Revenue grew 12.8% QoQ to ₹4,573 in Q3FY25.
⚠️ Sector cyclicality and input cost volatility (e.g., clinker, energy) could pressure margins despite current stability.

Market Cap

₹90,094

P/E Ratio

73.6

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Shree Cement is in a mature cash cow phase with signs of operational consolidation, leveraging scale and efficiency to maintain strong profitability despite a challenging macro environment. The company has demonstrated consistent cash flow generation and profitability, supported by strategic capacity expansion and investment-grade credit ratings. While near-term growth appears muted, its focus on operational excellence and capital discipline underscores a stable, cash-generative business model.

📰 What's Happening

In Q3FY25, Shree Cement reported revenue of ₹4,573 crore with operating profit of ₹1,076 crore and an OPM of 21.1%, reflecting sequential improvement in margins. The board approved audited FY2026 results recommending a final dividend of ₹70 per share (700% of face value) for FY2025-26, subject to shareholder approval at the AGM on July 31, 2026. The company also commissioned a new 3.50 MTPA cement plant in Kalaburagi, enhancing future capacity. Credit ratings from CRISIL and CARE were reaffirmed at AAA levels, and the audio recording of the Q4FY25 earnings call was made publicly available. No new borrowings were recorded during FY2025-26, and the company continues to prioritize shareholder returns through high dividend payouts.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	5,100	5,065	4,800	5,223	5,433	5,124	4,054	4,573
Operating Profit	1,035	1,114	1,018	1,411	1,571	1,066	795	1,076
OPM %	17.4%	18.7%	18.5%	24.2%	26.2%	18.1%	15.1%	21.1%
Net Profit	525	572	447	702	676	278	77	194
EPS	₹145.72	₹158.62	₹123.78	₹194.54	₹187.04	₹263.74	₹202.41	₹268.34

The company's profitability has shown resilience, with OPM expanding to 21.1% in Q3FY25 from 15.1% in Q2FY25, driven by operational efficiencies and scale advantages. Despite a slight dip in revenue from ₹5,433 crore in Q4FY24 to ₹4,573 crore in Q3FY25, margins improved, indicating effective cost management. Annual revenue for FY2025 stood at ₹19,872.05 crore, supported by strong performance across quarters, while net profit reached ₹1,748.66 crore. The consistent dividend payout and reaffirmed credit ratings reflect confidence in cash flow stability, even as revenue growth remains modest amid sector headwinds.

🔮 Management Outlook & What's Next

Management reaffirmed confidence in financial strength and operational momentum, citing the commissioning of a new 3.50 MTPA plant and sustained credit rating excellence as pillars of future growth. The board emphasized that the proposed ₹70 per share dividend is contingent on shareholder approval at the AGM on July 31, 2026, and highlighted no new borrowings during FY2025-26 as evidence of prudent capital allocation. Management also underscored the importance of digital access to investor materials, including e-voting and web-based report access, to enhance shareholder engagement ahead of key governance events.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Cement & Cement Products

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
UltraTech Cement Limited	3.38 L Cr	44.1	12.3%	10.8%	0.33
Grasim Industries Limited	2.00 L Cr	21.1	4.9%	4.6%	1.88
Ambuja Cements Limited	1.07 L Cr	23.3	4.6%	7.7%	0.00
SHREE CEMENT LIMITED	90,094	73.6	—	—	—
JK Cement Limited	42,219	58.6	—	—	—
Dalmia Bharat Limited	32,402	57.5	—	—	—
ACC Limited	25,592	12.0	11.0%	10.4%	0.00
The Ramco Cements Limited	21,650	57.2	—	—	—
JSW Cement Limited	16,793	0.0	—	—	—
The India Cements Limited	12,401	-56.7	—	—	—

🔗 Peer Stock Analyses

ULTRACEMCO GRASIM AMBUJACEM JKCEMENT DALBHARAT

⚠️ Risk Factors

1. Sector cyclicality and input cost volatility (e.g., clinker, energy) could pressure margins despite current stability. 2. Over-reliance on dividend-driven shareholder returns may limit flexibility if cash flows decline. 3. Execution risks associated with new plant commissioning in Kalaburagi could impact cost and timelines. 4. Regulatory and tax changes affecting dividend TDS could impact investor returns, requiring compliance from shareholders.

📋 Recent Filings

🧠 Analyst's Read

Shree Cement remains a cash-generative, high-dividend player with strong credit credentials and operational discipline, but its near-term growth outlook is constrained by sector maturity and modest top-line expansion. Investors should monitor execution of new capacity, margin sustainability, and shareholder response to the dividend proposal at the upcoming AGM as key near-term catalysts.

Based on filing content and financial data. Not a recommendation.

✨ Deep Dive with AI on SHREECEM

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-14.

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