Manufactures and sells cement in India through integrated plants and grinding units, with installed capacity of 69.3 mn tons at end-FY26. The business reports two segments: cement (87.5% of segment revenue in the 2019-12-31 YTD period) and power (12.5% over the same period), with power largely captive generation for the cement plants. In FY26, total cement volume was 36.4 mn tons, with Q4 FY26 spot volume of 10.56 mn tons at an EBITDA per ton of Rs 1,125, and Q1 FY27 cement volumes rose 17% YoY to 10.23 mn tons. The Kodla integrated plant was commissioned in Q4 FY26 and overseas UAE capacity is set to double to 7 MnT by Q3 FY27, with a group target of 80 mn tons by FY29. The ready-mix concrete (RMC) network stood at 26 plants expanding to 36 in FY27, with RMC volumes up 156% YoY in Q1 FY27. The biggest input cost is fuel — pet coke and coal dominate — with blended fuel cost spiking to Rs 1.95/kcal in Q1 FY27 after the Middle East war forced a switch from pet coke (54% to 9%) to coal (26% to 74%). It carries a CARE AAA credit rating and reported net cash of Rs 6,400 crore at end-FY26 and Rs 8,348 crore in Q1 FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cement (88%), Power (13%). Asset-heavy, cyclical Indian cement manufacturer with captive power generation.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 15,010 | 17,852 | 20,521 | 19,283 | 20,943 |
| EBITDA (ex other income) | 3,708 | 2,960 | 4,517 | 3,934 | 4,638 |
| margin % | 24.7 | 16.6 | 22.0 | 20.4 | 22.1 |
| Owners' profit | 2,332 | 1,271 | 2,396 | 1,123 | 1,744 |
| EPS, as reported (₹) | 646.31 | 352.18 | 663.98 | 311.18 | 483.24 |
| ROE % · ROCE % | 13.3 · 16.3 | 6.8 · 9.0 | 11.6 · 14.7 | 5.2 · 6.7 | 7.5 · 10.2 |
| Debt / equity (x) | 0.12 | 0.14 | 0.07 | 0.04 | 0.07 |
| Cash from operations | 2,668 | 2,569 | 3,347 | 4,920 | 3,794 |
| Capex | (2,216) | (3,291) | (3,140) | (4,093) | (1,866) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,054 | 4,573 | 5,532 | 5,281 | 4,761 | 4,801 | 6,101 | 6,233 |
| Profit before tax | 23 | 225 | 758 | 868 | 434 | 324 | 667 | 741 |
| Net profit | 77 | 194 | 575 | 644 | 310 | 268 | 528 | 531 |
| EPS (₹) | 202.41 | 268.34 | 159.17 | 178.12 | 85.50 | 73.92 | 145.70 | 146.67 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ULTRATECH CEMENT LIMITED | 3,24,148 | 37.9 | 4.02 | 19.9 | 10.1 | 10.2 | 14.6 | 20.8 |
| GRASIM INDUSTRIES LTD | 2,23,350 | 39.1 | 1.31 | 17.4 | 6.1 | 3.2 | 18.1 | 16.6 |
| AMBUJA CEMENTS LTD | 97,375 | 22.1 | 1.36 | 13.7 | 7.8 | 4.3 | — | 18.3 |
| SHREE CEMENT LIMITED ◆ | 81,433 | 50.0 | 3.49 | 15.7 | 7.5 | 9.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · CARE reaffirms Shree Cement commercial paper rating at A1 plus for Rs 1000 crore | credit debt | medium | — | — |
| 4 Sept 2026 · CRISIL reaffirms A1+ rating on Shree Cement Commercial Paper | credit debt | medium | — | — |
| 20 Aug 2026 · Shree Cement ESG score upgraded to 61 by CRISIL, rated Strong | general | medium | — | — |
| 6 Aug 2026 · Shree Cement Q1 FY27 call: Middle East war hit margins, costs seen peaking | investor communications | medium | — | — |
| 3 Aug 2026 · Senior Advisor (Finance) Passes Away | management changes | high | — | — |
| 1 Aug 2026 · Shree Cement 47th AGM: All 5 resolutions passed; total dividend Rs 150/share | board shareholder meetings | medium | — | — |
| 1 Aug 2026 · Shree Cement 47th AGM: all 5 resolutions approved, Rs 150 total dividend | compliance | minimal | — | — |
| 1 Aug 2026 · Shree Cement Q1 FY27 results: revenue up, profit down YoY | compliance | minimal | — | — |
| 31 Jul 2026 · Audio recording of Q1 earnings call uploaded to website | investor communications | low | — | — |
| 31 Jul 2026 · Shree Cement 47th AGM held on 31 July 2026; final dividend of Rs 70 declared | board shareholder meetings | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 9.2 |
| 23.8 |
| JK CEMENT LIMITED | 37,445 | 39.6 | 5.28 | 17.2 | 13.9 | 10.3 | 15.7 | 17.0 |
| DALMIA BHARAT LIMITED | 33,326 | 35.2 | 1.84 | 12.2 | 6.4 | 5.2 | 7.1 | 19.6 |
| ACC LIMITED | 23,444 | 12.3 | 1.14 | 6.8 | 10.4 | 9.9 | — | 8.4 |
| THE RAMCO CEMENTS LIMITED | 20,521 | 31.8 | 2.54 | 11.9 | 8.6 | 7.1 | 11.3 | 14.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 50.0 | 24.6 | 29 of 35 | 18% |
| P/B | 3.5 | 1.5 | 29 of 34 | 15% |
| ROCE | 9.4 | 3.7 | 11 of 37 | 72% |
| ROE | 7.5 | 7.7 | 21 of 38 | 46% |
| Debt / Equity | 0.1 | 0.4 | 10 of 38 | 76% |
| EBITDA margin | 23.8 | 13.1 | 3 of 37 | 94% |
| Revenue growth | 18.0 | 7.8 | 8 of 37 | 81% |
| Profit growth | (17.5) | (24.7) | 16 of 37 | 58% |
| Market cap | 81433 | 2005 | 4 of 38 | 92% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
