Page 5 - Shree Cement

Focus on higher realisation improves Shree Cement's earnings outlook

While its net profit fell by 17% in the March quarter, the company is looking at high-price segments and premium products to drive profitability

Shree Cement to invest Rs 10 bn to set up plants in Jharkhand, Odisha

Shree Cement has multiple plants spread across Rajasthan, Uttarakhand, Bihar, Haryana, Chhattisgarh and Uttar Pradesh

Good show by Shree Cement amid cost pressures should ease Street's concerns

Analysts say power costs are likely to have peaked out, while easing of axle norms and railway rebate should lower transportation costs

Shree Cement Q1 profit falls 37%: Why analysts remain positive on the stock

The company's cement sales volumes at 6.99 million tonnes (MT) grew 18.7 per cent year-on-year (8.55 per cent sequentially).

Shree Cement gains on commencement of new cement grinding unit

The stock has moved higher by 4% to Rs 17,550 on BSE in noon deal after the company announced that it has commissioned new cement grinding unit in Rajasthan.

Shree Cement goes abroad after land acquisition woes hit projects at home

However, the company has initiated the process of acquiring land in different parts of India for future projects

Shree Cement's UAE foray, domestic expansion make it an attractive stock

Analysts expect the acquired cement asset's margins to improve going forward; company's domestic expansions will anyways drive overall earnings

Shree Cement: Q2 operationally sound despite rising costs

Shree Cement's performance for the seasonally soft September quarter, which bears the impact of monsoon, came better than expectations at the operating level even as costs were elevated. Although net profit missed estimates, it was due to higher tax expenses. The profit miss has led to the stock correcting two per cent to Rs 18,629 levels on Wednesday, but any correction offers an opportunity for long-term investors to buy this most profitable cement player.The company's sales volumes at 4.88 million tonne (MT) grew 13.9 per cent year-on-year but 0.7 per cent down sequentially, but was largely on expected lines given the monsoon season. However, the per tonne cement realisations increase of 2.6 per cent year-on-year to Rs 4,170 was the key positive. Rising freight costs (up 31 per cent year-on-year) and power and fuel expenses (up 15 per cent year-on-year) impacted Ebitda (earnings before interest, tax depreciation and amortisation), which came at Rs 552.60 crore, down 13.6 per cent ..

East proves best for Shree Cement in June quarter

A better-than-expected recovery in cement realisations helped it beat cost pressures

Shree Cement aims to be a pan-Indian player

The company is aiming for 40 mtpa capacity in the coming five years from its existing 25.6 mtpa

Target is to increase the capacity to 40 mt in the next 4-5 years: Benu Gopal Bangur

Interview with chairman, Shree Cement

Shree Cement: Compelling but expensive growth story

Its rich valuation with a PE of 62 times raises downside risk for investors

Shree Cement Q1 net up four-fold to Rs 508 cr

Total standalone income of the company rose by 45% to Rs 2,494.22 crore in April-June quarter this fiscal

Shree Cement to invest Rs 600 crore in Jharkhand

The company also has plans to invest in Andhra Pradesh and Telangana and is waiting to get land acquisition issues cleared

Shree Cement gains on completion of expansion of grinding unit in Bihar

The stock was up 3% at Rs 14,246 on the BSE.

Shree Cement: Valuation may limit the gains

But analysts positive as company is a good play on recovery in demand and has strong financials

Beating the slowdown: Capacity addition helps Shree Cement

It reported strong performance in December quarter despite majority of its capacities being situated in North India where demand and prices remained soft throughout the year

Shree Cement readies Rs 6,000 cr for expansion

To ramp up capacity by another 10 million tonnes in the coming three years