SHREE CEMENT LIMITED has informed the Exchange about Transcript
SHREECEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shree Cement reported strong Q4 FY26 results with cement sales volume of 10.56 million tons (up 11% YoY) and total volume including clinker at 10.77 million tons. Realizations improved to INR 4,725/ton with operating EBITDA jumping 34% quarter-on-quarter to INR 1,212 crores, and EBITDA per ton at INR 1,125 – described as the highest in the peer group. For the full year, volume grew 2.2% to 36.4 million tons with EBITDA per ton at INR 1,161. The company commissioned a new integrated project in Karnataka taking installed capacity to 69.3 million tons. Management highlighted they have narrowed the pricing gap with top competitors by INR 15-20 per bag and are now focusing on volumes. Cost inflation (fuel, packing) of INR 150-200 per ton is expected in Q1 FY27. The company is setting up a plant in Meghalaya and a cement mill in UAE (by September 2026). Union Cement in UAE showed strong performance with 18% volume growth. Total dividend recommended at INR 150/share (36% increase YoY).
The company delivered industry-leading margins in Q4 with EBITDA per ton being the best among peers. Management's shift to volume focus after price gap closure is a strategic positive. However, rising input costs and geopolitical headwinds (Middle East) could pressure margins in coming quarters. Cash position of INR 6,400 crore net cash provides flexibility for capex and shareholder returns.