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Last Updated: April 2, 2026, 3:39 am
Author: Getaka|Social: XLinkedIn

Shree Cement Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹13,481.59Overvalued by 42.05%vs CMP ₹23,265.00

P/E (48.5) × ROE (5.7%) × BV (₹6,078.00) × DY (0.47%)

₹8,835.91Overvalued by 62.02%vs CMP ₹23,265.00
MoS: -163.3% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹12,652.2722%Over (-45.6%)
Graham NumberEarnings₹8,098.1216%Over (-65.2%)
Earnings PowerEarnings₹2,881.7713%Over (-87.6%)
DCFCash Flow₹4,155.0913%Over (-82.1%)
Net Asset ValueAssets₹6,077.477%Over (-73.9%)
EV/EBITDAEnterprise₹21,526.969%Fair (-7.5%)
Earnings YieldEarnings₹4,795.407%Over (-79.4%)
ROCE CapitalReturns₹10,126.009%Over (-56.5%)
Revenue MultipleRevenue₹7,498.585%Over (-67.8%)
Consensus (9 models)₹8,835.91100%Overvalued
Key Drivers: Wide model spread (₹2,882–₹21,527) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -6.2%

*Investments are subject to market risks

Investment Snapshot

64
Shree Cement Ltd scores 64/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 7.2% WeakROE 5.7% WeakD/E 0.11 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.37% (6mo) Slight increasePromoter holding at 62.6% Stable
Earnings Quality60/100 · Moderate
OPM stable around 22% SteadyWorking capital: -27 days (improving) Efficient
Quarterly Momentum80/100 · Strong
Revenue (4Q): +6% YoY GrowingProfit (4Q): +33% YoY Strong
Industry Rank55/100 · Moderate
P/E 48.5 vs industry 274.7 Cheaper than peersROCE 7.2% vs industry 8.9% AverageROE 5.7% vs industry 85.5% Below peers3Y sales CAGR: 8% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Shree Cement Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
80/100
High
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 48.5 vs Ind 274.7 | ROCE 7.2% | ROE 5.7% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.11x | IntCov 0.0x | Current 2.21x | Borrow/Reserve 0.09x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹1,196 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.27 pp | DII +0.19 pp | Prom 0.00 pp
Business Momentum
-1
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +2.6% | Q NP +0.7% | Q OPM -1.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-62.0%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.09xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.27 ppLatest FII% minus previous FII%
DII Change+0.19 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change+2,577Latest shareholder count minus previous count
Quarterly Sales Change+2.6%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+0.7%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-1.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:39 am

Market Cap 83,942 Cr.
Current Price 23,265
Intrinsic Value₹8,835.91
High / Low 32,508/22,550
Stock P/E48.5
Book Value 6,078
Dividend Yield0.47 %
ROCE7.17 %
ROE5.69 %
Face Value 10.0
PEG Ratio-7.88

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Shree Cement Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Shree Cement Ltd 83,942 Cr. 23,265 32,508/22,55048.5 6,0780.47 %7.17 %5.69 % 10.0
Ambuja Cements Ltd 1,03,903 Cr. 420 625/39427.0 2280.48 %10.5 %8.73 % 2.00
J K Cements Ltd 39,716 Cr. 5,140 7,566/4,51037.8 8390.29 %14.0 %13.9 % 10.0
Dalmia Bharat Ltd 33,874 Cr. 1,806 2,496/1,70028.3 9430.50 %5.58 %4.15 % 2.00
ACC Ltd 24,936 Cr. 1,328 2,123/1,2509.91 1,0610.56 %17.4 %13.2 % 10.0
Industry Average34,326.20 Cr1,677.64274.74574.270.69%8.92%85.54%7.13

All Competitor Stocks of Shree Cement Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 4,0694,7854,9714,5604,8735,0734,8353,7274,2355,2404,9484,3034,416
Expenses 3,3613,8934,0383,6903,6393,7453,9183,1343,2893,8593,7193,4523,556
Operating Profit 7088929338701,2341,3279165939471,3811,229851861
OPM % 17%19%19%19%25%26%19%16%22%26%25%20%19%
Other Income 161135162126135138135178115150201157127
Interest 71737568566557575342455158
Depreciation 414442308331347628643669750747552555587
Profit before tax 38451371059796677235145259743833403342
Tax % 28%-6%18%18%24%14%9%-108%11%25%26%31%19%
Net Profit 27754658149173466231893229556619277279
EPS in Rs 76.71151.39161.06136.18203.50183.4188.0625.8163.58154.09171.4276.8177.22

Last Updated: March 3, 2026, 2:48 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 7:16 pm

MetricJun 2014Jun 2015Mar 2016n n 9mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5,7156,2595,5148,5949,82611,72211,90412,66914,30616,83719,47718,03718,908
Expenses 4,3254,9164,1076,0817,3549,0668,2188,67710,65613,89515,11314,20114,585
Operating Profit 1,3901,3441,4072,5132,4732,6563,6863,9923,6502,9424,3643,8374,322
OPM % 24%21%26%29%25%23%31%32%26%17%22%21%23%
Other Income 10410267336238964260421535432561577635
Interest 12912176129135247287247218269264209195
Depreciation 5509258281,2158991,3921,6991,1401,0361,5461,6152,8082,441
Profit before tax 8154011,1761,5311,8271,0811,9603,0262,9311,5593,0461,3972,321
Tax % 3%-6%3%13%24%12%20%24%19%15%19%14%
Net Profit 7874261,1431,3391,3849511,5702,3122,3771,3282,4681,1961,730
EPS in Rs 225.98122.38328.13384.39397.33273.00435.19640.77658.70368.10684.14331.54479.54
Dividend Payout % 10%20%7%36%13%22%25%9%14%27%15%33%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)3.36%-31.29%65.09%47.26%2.81%-44.13%85.84%-51.54%
Change in YoY Net Profit Growth (%)0.00%-34.65%96.38%-17.83%-44.45%-46.94%129.97%-137.38%

Shree Cement Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:9%
3 Years:8%
TTM:-6%
Compounded Profit Growth
10 Years:4%
5 Years:-6%
3 Years:-21%
TTM:-32%
Stock Price CAGR
10 Years:11%
5 Years:8%
3 Years:11%
1 Year:17%
Return on Equity
10 Years:12%
5 Years:11%
3 Years:9%
Last Year:6%

Last Updated: September 5, 2025, 1:26 pm

Balance Sheet

Last Updated: December 10, 2025, 3:24 am

MonthJun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 35353535353536363636363636
Reserves 4,6765,2426,8117,6638,8629,56312,90015,21417,23518,25220,34821,17521,892
Borrowings 1,2009178811,2933,4032,7983,1442,1562,2092,8111,7521,0322,069
Other Liabilities 1,4181,8051,7372,1752,8422,7983,2573,6333,9354,7195,2825,5125,217
Total Liabilities 7,3297,9989,46311,16615,14215,19319,33821,03923,41525,81927,41927,75629,215
Fixed Assets 2,1943,0043,0502,5993,5894,4764,3194,1925,3215,3337,0996,8986,431
CWIP 7585112647101,4271,1219629719732,3201,8333,1123,399
Investments 2,2441,6633,0304,0435,4344,4448,91511,05111,54611,65110,67511,59612,498
Other Assets 2,1322,8203,1183,8144,6915,1535,1414,8265,5756,5157,8126,1506,887
Total Assets 7,3297,9989,46311,16615,14215,19319,33821,03923,41525,81927,41927,75629,215

Reserves and Borrowings Chart

Cash Flow

MonthJun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1,4011,2391,5662,2021,8792,0603,7514,0942,7232,7043,3045,063
Cash from Investing Activity + -1,234-990-1,265-2,048-3,595-813-5,373-2,868-1,865-2,409-1,350-3,638
Cash from Financing Activity + -156-259-271-1671,726-1,2651,591-1,215-858-315-1,794-1,463
Net Cash Flow 11-1031-1310-18-3111-1-20160-38
Free Cash Flow -182115832922-6481742,4573,095775-584981,598
CFO/OP 105%99%121%99%96%86%115%121%80%103%86%143%

Free Cash Flow

MonthJun 2014Jun 2015Mar 2016n n 9mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.00-916.001.001.00-1.000.000.001.001.000.003.002.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthJun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 192822141723251415201716
Inventory Days 703708657765743671678616693702522375
Days Payable 163225207205345190251328258327177219
Cash Conversion Cycle 559511472575416504453302450395363172
Working Capital Days -3183222115241-30-12-42-6-27
ROCE %18%9%18%20%18%12%16%19%17%9%15%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 62.56%62.56%62.56%62.56%62.56%62.56%62.56%62.56%62.56%62.56%62.56%62.56%
FIIs 12.82%12.62%12.22%12.31%12.47%11.85%10.39%9.88%9.70%10.07%10.34%10.07%
DIIs 11.58%11.83%12.37%12.37%12.14%12.78%14.22%14.78%15.07%14.65%14.40%14.59%
Government 0.17%0.17%0.17%0.17%0.18%0.23%0.23%0.25%0.25%0.25%0.25%0.25%
Public 12.90%12.83%12.69%12.60%12.64%12.59%12.60%12.53%12.42%12.48%12.46%12.54%
No. of Shareholders 31,21932,17627,73824,85228,26826,74429,90325,53124,77925,59226,17828,755

Shareholding Pattern Chart

No. of Shareholders

Shree Cement Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Equity Hybrid Fund 770,000 2.44 2007.78700,0002026-01-26 00:18:1610%
SBI Large Cap Fund 380,000 1.79 990.85N/AN/AN/A
SBI Large & Midcap Fund 335,000 2.25 873.51290,0002026-01-26 00:18:1615.52%
ICICI Prudential Large Cap Fund 232,629 0.78 606.58225,4182026-02-22 13:50:453.2%
SBI Midcap Fund 225,000 2.53 586.69N/AN/AN/A
ICICI Prudential Multi Asset Fund 203,275 0.64 530.04183,2752026-03-24 01:56:1010.91%
ICICI Prudential Large & Mid Cap Fund 189,849 1.74 495.03171,0212026-03-24 01:59:4311.01%
Nippon India Large Cap Fund 152,184 0.77 396.82127,2792026-01-26 00:18:1619.57%
Kotak Multicap Fund 101,695 1.11 265.17N/AN/AN/A
SBI Infrastructure Fund 100,000 5.61 260.75N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 311.18663.98352.18646.31633.54
Diluted EPS (Rs.) 311.18663.98352.18646.31633.54
Cash EPS (Rs.) 1144.841189.99812.03965.21984.46
Book Value[Excl.RevalReserv]/Share (Rs.) 5969.445749.465176.544853.264281.75
Book Value[Incl.RevalReserv]/Share (Rs.) 5969.445749.465176.544853.264281.75
Revenue From Operations / Share (Rs.) 5344.475687.634947.984160.083735.12
PBDIT / Share (Rs.) 1253.671417.64947.501179.001252.14
PBIT / Share (Rs.) 420.31891.78487.23861.40902.26
PBT / Share (Rs.) 363.50820.18414.37801.50832.62
Net Profit / Share (Rs.) 311.47664.12351.76647.62634.59
NP After MI And SOA / Share (Rs.) 311.19664.00352.19646.32633.55
PBDIT Margin (%) 23.4524.9219.1428.3433.52
PBIT Margin (%) 7.8615.679.8420.7024.15
PBT Margin (%) 6.8014.428.3719.2622.29
Net Profit Margin (%) 5.8211.677.1015.5616.98
NP After MI And SOA Margin (%) 5.8211.677.1115.5316.96
Return on Networth / Equity (%) 5.2111.576.8113.3514.84
Return on Capital Employeed (%) 6.6714.748.9616.3018.27
Return On Assets (%) 3.948.574.829.8110.62
Long Term Debt / Equity (X) 0.030.030.030.070.08
Total Debt / Equity (X) 0.030.070.130.110.11
Asset Turnover Ratio (%) 0.680.750.670.630.61
Current Ratio (X) 2.101.991.331.812.21
Quick Ratio (X) 1.681.410.921.271.75
Inventory Turnover Ratio (X) 6.432.532.782.151.80
Dividend Payout Ratio (NP) (%) 33.7415.8125.5516.240.00
Dividend Payout Ratio (CP) (%) 9.178.8211.0710.890.00
Earning Retention Ratio (%) 66.2684.1974.4583.760.00
Cash Earning Retention Ratio (%) 90.8391.1888.9389.110.00
Interest Coverage Ratio (X) 22.0719.8013.0019.6817.98
Interest Coverage Ratio (Post Tax) (X) 6.4810.285.8311.8110.11
Enterprise Value (Cr.) 110615.1593833.3696865.5488341.92107530.30
EV / Net Operating Revenue (X) 5.744.575.435.897.98
EV / EBITDA (X) 24.4518.3528.3420.7723.80
MarketCap / Net Operating Revenue (X) 5.714.525.295.777.89
Retention Ratios (%) 66.2584.1874.4483.750.00
Price / BV (X) 5.114.485.074.966.91
Price / Net Operating Revenue (X) 5.714.525.295.777.89
EarningsYield 0.010.020.010.020.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Shree Cements Ltd. is a Public Limited Listed company incorporated on 25/10/1979 and has its registered office in the State of Rajasthan, India. Company's Corporate Identification Number(CIN) is L26943RJ1979PLC001935 and registration number is 001935. Currently Company is involved in the business activities of Manufacture of cement, lime and plaster. Company's Total Operating Revenue is Rs. 18037.33 Cr. and Equity Capital is Rs. 36.08 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
CementBangur Nagar, Ajmer District Rajasthan 305901Contact not found
Management
NamePosition Held
Mr. H M BangurChairman
Mr. Prashant BangurVice Chairman
Mr. Neeraj AkhouryManaging Director
Mr. Zubair AhmedIndependent Director
Mr. Sanjiv Krishnaji ShelgikarIndependent Director
Mr. Sushil Kumar RoongtaIndependent Director
Ms. Uma GhurkaIndependent Director

FAQ

What is the intrinsic value of Shree Cement Ltd and is it undervalued?

As of 05 April 2026, Shree Cement Ltd's intrinsic value is ₹8835.91, which is 62.02% lower than the current market price of ₹23,265.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.69 %), book value (₹6,078), dividend yield (0.47 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Shree Cement Ltd?

Shree Cement Ltd is trading at ₹23,265.00 as of 05 April 2026, with a FY2026-2027 high of ₹32,508 and low of ₹22,550. The stock is currently near its 52-week low. Market cap stands at ₹83,942 Cr..

How does Shree Cement Ltd's P/E ratio compare to its industry?

Shree Cement Ltd has a P/E ratio of 48.5, which is below the industry average of 274.74. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Shree Cement Ltd financially healthy?

Key indicators for Shree Cement Ltd: ROCE of 7.17 % is on the lower side compared to the industry average of 8.92%; ROE of 5.69 % is below ideal levels (industry average: 85.54%). Dividend yield is 0.47 %.

Is Shree Cement Ltd profitable and how is the profit trend?

Shree Cement Ltd reported a net profit of ₹1,196 Cr in Mar 2025 on revenue of ₹18,037 Cr. Compared to ₹2,377 Cr in Mar 2022, the net profit shows a declining trend.

Does Shree Cement Ltd pay dividends?

Shree Cement Ltd has a dividend yield of 0.47 % at the current price of ₹23,265.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Shree Cement Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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