Shree Cements Credit Rating
CARE Ratings Limited has reaffirmed the credit ratings for Shree Cement's facilities. Total rated instruments amount to ₹7,295.42 Crore.
- Value
- ₹7,445 Cr
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CARE Ratings Limited has reaffirmed the credit ratings for Shree Cement's facilities. Total rated instruments amount to ₹7,295.42 Crore.
Shree Cement submitted a security cover certificate for its NCDs. The principal outstanding is ₹700 Crore with a market value cover of 7.31 times.
Shree Cement's appeal was dismissed by SGST Patna. This reinstates a tax demand, interest, and penalty totaling ₹41.11 Crore.
Shree Cement advanced Mr. Gaurav Jain's appointment as Head - Corporate Affairs to June 1, 2026. The revised terms remove the prior requirement for shareholder approval.
Shree Cement Limited submitted its Annual Secretarial Compliance Report for FY 2025-26. The report confirms full compliance with SEBI regulations and listing requirements.
Shree Cement received a ₹153.47 Crore income tax demand for FY 2022-23. The company plans remedial legal action and expects no material financial impact.
CARE ESG Ratings Limited upgraded Shree Cement's ESG score to 73.8 from 70.8. The upgrade reflects strengthened sustainability practices and improved corporate governance oversight.
Shree Cement received a ₹0.39 Crore service tax demand order including interest and penalties. The company intends to appeal, citing no major financial impact.
Shree Cement reported Q4 FY26 domestic sales growth of 11% YoY. Strategy shifted from pricing stabilization to chasing volumes while maintaining profitability.
Shree Cement delivered strong volume growth but faces significant cost headwinds from fuel and packaging inflation. Management is pivoting from a price-first strategy to a volume-driven market share grab.
Shree Cement Limited has recommended a final dividend of ₹70 per equity share for the financial year 2025-26. The board approved the recommendation during its meeting on May 6, 2026. The record date and General Meeting date for shareholder approval will be intimated separately in due course.
Shree Cement Limited announced a leadership transition: Mr. Sanjay Mehta will superannuate on August 31, 2026. Mr. Gaurav Jain has been appointed Head – Corporate Affairs effective June 20, 2026, subject to shareholder approval. The changes ensure continuity in the company's senior management team.
Shree Cement Limited submitted a Security Cover Certificate for its ₹700 Crore 7.80% Secured, redeemable, Non-Convertible Debentures. As of March 31, 2026, the company maintains an asset cover exceeding 125% of the outstanding principal and interest, confirming compliance with all debenture covenants.
Shree Cement reported consolidated net revenue of ₹6,101 crore and PAT of ₹528 crore for Q4'FY26. The company commissioned 3.50 MTPA cement capacity in Karnataka, reaching 69.3 MTPA total capacity. A final dividend of ₹70 per share was recommended, bringing the total FY26 dividend to ₹150 per share, a 36% year-on-year increase.
Shree Cements Ltd reported revenue from operations of ₹6,101 Cr (+10.3% YoY) and net profit of ₹527.5 Cr (-8.3% YoY) for Q4 FY26.
Shree Cement approved its FY26 audited results and recommended a final dividend of ₹70 per share. Standalone annual revenue reached ₹19,310.52 Crore with a net profit of ₹1,706.25 Crore. The company also commissioned a new 3.5 MTPA cement plant in Karnataka during the quarter.
Shree Cement Limited announced that CARE Ratings Limited has reaffirmed its 'CARE A1+' credit rating for its ₹1,000 Crore Commercial Paper program. This reaffirmation reflects the company's strong credit profile and financial stability.
Shree Cement Ltd reported that the Commissioner (Appeals), CE & CGST, Jodhpur dismissed its appeal against a demand order for technical reasons. This reinstates a penalty of ₹0.36 Crore related to the wrong availment of Cenvat Credit. The company stated the order has no major financial impact and is evaluating further legal options.
Shree Cement Limited announced that CRISIL Ratings Limited has reaffirmed its 'Crisil A1+' credit rating for the company's ₹1,000 Crore Commercial Paper program. The reaffirmation reflects the company's strong credit profile and financial stability.
Shree Cement Ltd received a GST demand order for ₹8.31 Crore plus interest and penalties from the Commissioner, Central GST & Central Excise, Jodhpur. The demand relates to non-payment of service tax. The company intends to appeal the order before the Tribunal by July 15, 2026, and expects no major financial impact.
Shree Cement Limited submitted a confirmation certificate from its RTA, MUFG Intime India, for the quarter ended March 31, 2026. The certificate confirms compliance with SEBI Regulations regarding the dematerialisation and cancellation of security certificates within prescribed timelines.
Shree Cement Limited disclosed its outstanding Non-Convertible Debentures (NCDs) as of March 31, 2026. The company has one outstanding ISIN (INE070A07061) with a total issued and outstanding amount of ₹700 Crore, carrying a 7.80% coupon rate and maturing on October 26, 2030.
Shree Cement's Board approved setting up a new ₹1,800 Crore integrated cement plant in Meghalaya. The facility will have a clinker capacity of 0.95 MTPA and cement capacity of 0.99 MTPA. The project, funded through internal accruals and debt, is expected to be completed by March 2028.