ALFA Finder| Revenue growth | 15% volume growth, though margins were squeezed by fuel costs. |
|---|---|
| Margins | Contraction; fuel cost peak in Q1, expected recovery in Q2. |
| Demand visibility | Positive; expecting 7-8% industry growth, aiming for 10% internally. |
| Management confidence | High on volumes, defensive about cost-related margin misses. |
Growth
17% volume growth driven by South and North regions, but EBITDA/ton fell due to high-cost coal substitution.
Outlook
Targeting 40 million tons volume for FY27; planned ₹1500 Cr capex for Indian operations.
Risks
Continued Middle East conflict, high ash content in fuel, and lower conversion factors for blended cement.
Last quarter's promises, checked
Delivered
- Guided 2-3% FY26 volume growth → delivered 2.2% (= BEAT)
- Guided 69.3 MT total capacity by Q4 FY26 → delivered 69.3 MT (= BEAT)
- Guided INR 110/bag price gap vs peers → delivered INR 15-20/bag reduction (= BEAT)
Partly delivered
- Guided INR 1500 Cr FY27 capex → delivered INR 1500 Cr plan with slowed aggression (= PARTIAL)
- Guided 80 MT capacity by 2029 → delivered target maintained but pace moderated (= PARTIAL)
Missed
- Guided INR 1600-1700 Cr FY27 depreciation → delivered EBITDA contraction/margin squeeze (= MISS)
Earnings Call Transcript filed with BSE, NSE: SHREECEM. Summary written with AI assistance from the document.
Shree Cements Ltd: key numbers
- Share price
- ₹25,270.00
- Market cap
- ₹91,176 Cr
- Revenue (annual)
- ₹20,943 Cr
- Net profit (annual)
- ₹1,744 Cr
- P/E (TTM)
- 57.6×Sector 33.5×
- Promoter holding
- 62.55%+0.00% QoQ
- FII holding
- 8.45%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Shree Cements Ltd
All →Shree Cements Legal & Regulatory
Shree Cement received a GST demand order totalling about ₹8.01 crore including interest and penalty. The company will appeal and expects no major financial impact.
- Value
- ₹8.01 Cr
Shree Cements Earnings Call Transcript: Key Takeaways
Strong 18% volume growth is overshadowed by 4% EBITDA decline as higher fuel costs and monsoon-driven realization pressure squeeze margins.
Shree Cements Debt & Borrowing
Shree Cements filed its Reg 54 security cover certificate for 7.80% secured NCDs. It confirms asset cover above 125% on the 700 Crore outstanding debt.
Shree Cements Promoter Reclassification
Board approved reclassification of Ms. Riya Puja Jain's 2,050 shares (0.0057%) from Promoter Group to Public category under SEBI Reg 31A. Subject to exchange approval.
Shree Cements Results Update
Shree Cement reported Q2 FY27 revenue of ₹5,107 Cr standalone, up 18% YoY on volume growth. UAE subsidiary commissioned a 3.0 MTPA cement mill in September 2026.
- cement production capacity (new mill)
- 3.0 MTPA
Shree Cements Q2 FY27 Results: Net Profit ₹263.5 Cr, Down 14.9% YoY
Shree Cements Ltd reported revenue from operations of ₹5,896 Cr (+23.8% YoY) and net profit of ₹263.5 Cr (-14.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹263.5 Cr · -14.9% YoY