Shree Cement Ltd.
SHREECEMCommodities filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
12 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 12 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20230527 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230801 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231114 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240206 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240521 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240813 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241118 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250519 | 2025-03-31 | yes | |
| TRANSCRIPT | 20251103 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260212 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260511 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260806 | 2026-06-30 | yes |
SHREECEM
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 22,350.00 |
| 52-week range | 21795.0 – 30010.0 |
| Return 1M | -8.55% |
| Return 3M | -13.15% |
| Return 1Y | -24.62% |
| Return 3Y | -13.56% |
| Return 5Y | -24.01% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 6,233.00 |
| Other income | 212.00 |
| Total income | 6,445.00 |
| Cost of materials consumed | 734.00 |
| Purchases of stock-in-trade | 47.00 |
| Changes in inventories | -152.00 |
| Employee benefit expense | 355.00 |
| Finance costs | 57.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.63 | 0.00 |
| institutions foreign | 0.08 | -0.01 |
| institutions domestic | 0.17 | 0.01 |
| mutual funds | 0.12 | 0.00 |
| public | 0.37 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 12 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 4,038.00 | 4,299.00 | 5,100.00 | 5,065.00 | 4,800.00 | 5,223.00 | 5,433.00 | 5,124.00 | 4,054.00 | 4,573.00 | 5,532.00 | 5,281.00 | 4,761.00 | 4,801.00 | 6,101.00 | 6,233.00 |
| Other income | 159.00 | 174.00 | 146.00 | 169.00 | 132.00 | 147.00 | 150.00 | 139.00 | 181.00 | 111.00 | 158.00 | 235.00 | 179.00 | 146.00 | 101.00 | 212.00 |
| Total income | 4,197.00 | 4,473.00 | 5,246.00 | 5,234.00 | 4,932.00 | 5,371.00 | 5,582.00 | 5,263.00 | 4,236.00 | 4,683.00 | 5,690.00 | 5,516.00 | 4,940.00 | 4,946.00 | 6,202.00 | 6,445.00 |
| Cost of materials consumed | 322.00 | 347.00 | 430.00 | 403.00 | 364.00 | 405.00 | 473.00 | 427.00 | 409.00 | 437.00 | 563.00 | 513.00 | 477.00 | 522.00 | 602.00 | 734.00 |
| Purchases of stock-in-trade | 35.00 | 12.00 | 20.00 | 4.00 | 3.00 | 6.00 | 0.00 | 5.00 | 5.00 | 8.00 | 1.00 | 0.00 | 1.00 | 23.00 | 60.00 | 47.00 |
| Changes in inventories | 24.00 | -88.00 | 83.00 | -37.00 | 31.00 | 52.00 | -133.00 | -12.00 | 0.00 | 125.00 | -64.00 | -75.00 | 33.00 | -22.00 | 26.00 | -152.00 |
| Employee benefit expense | 238.00 | 248.00 | 248.00 | 266.00 | 266.00 | 270.00 | 262.00 | 285.00 | 288.00 | 276.00 | 298.00 | 302.00 | 304.00 | 383.00 | 314.00 | 355.00 |
| Finance costs | 66.00 | 70.00 | 71.00 | 74.00 | 67.00 | 55.00 | 62.00 | 56.00 | 56.00 | 52.00 | 41.00 | 46.00 | 51.00 | 59.00 | 56.00 | 57.00 |
| Depreciation and amortisation | 396.00 | 443.00 | 473.00 | 339.00 | 412.00 | 444.00 | 702.00 | 704.00 | 716.00 | 799.00 | 788.00 | 654.00 | 668.00 | 710.00 | 762.00 | 686.00 |
| Other expenses | 2,877.00 | 3,055.00 | 3,431.00 | 3,484.00 | 3,251.00 | 3,227.00 | 3,409.00 | 3,492.00 | 2,739.00 | 2,761.00 | 3,306.00 | 3,209.00 | 2,973.00 | 2,947.00 | 3,714.00 | 3,978.00 |
| Total expenses | 3,957.00 | 4,085.00 | 4,755.00 | 4,534.00 | 4,393.00 | 4,458.00 | 4,775.00 | 4,957.00 | 4,212.00 | 4,459.00 | 4,932.00 | 4,648.00 | 4,506.00 | 4,622.00 | 5,535.00 | 5,704.00 |
| Profit before exceptional items and tax | 240.00 | 388.00 | 491.00 | 700.00 | 539.00 | 913.00 | 807.00 | 306.00 | 23.00 | 225.00 | 758.00 | 868.00 | 434.00 | 324.00 | 667.00 | 741.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 240.00 | 388.00 | 491.00 | 700.00 | 539.00 | 913.00 | 807.00 | 306.00 | 23.00 | 225.00 | 758.00 | 868.00 | 434.00 | 324.00 | 667.00 | 741.00 |
| Current tax | 31.00 | 112.00 | -60.00 | 122.00 | 98.00 | 239.00 | 53.00 | 58.00 | 8.00 | 55.00 | 215.00 | 236.00 | 131.00 | 74.00 | 137.00 | 259.00 |
| Deferred tax | 26.00 | -6.00 | 25.00 | 6.00 | -5.00 | -28.00 | 78.00 | -31.00 | -61.00 | -24.00 | -32.00 | -11.00 | -7.00 | -18.00 | 2.00 | -49.00 |
| Tax expense | 57.00 | 106.00 | -34.00 | 128.00 | 93.00 | 211.00 | 131.00 | 27.00 | -53.00 | 31.00 | 183.00 | 225.00 | 124.00 | 56.00 | 139.00 | 210.00 |
| Profit for the period | 183.00 | 282.00 | 525.00 | 572.00 | 447.00 | 702.00 | 676.00 | 278.00 | 77.00 | 194.00 | 575.00 | 644.00 | 310.00 | 268.00 | 528.00 | 531.00 |
| Profit attributable to owners | 183.00 | 282.00 | 526.00 | 572.00 | 447.00 | 702.00 | 675.00 | 279.00 | 76.00 | 193.00 | 574.00 | 643.00 | 309.00 | 267.00 | 526.00 | 529.00 |
| Profit attributable to non-controlling interests | -0.00 | -0.00 | -1.00 | -0.00 | -0.00 | -0.00 | 1.00 | -0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 |
| Other comprehensive income | 93.00 | 49.00 | -23.00 | -9.00 | 39.00 | 5.00 | 5.00 | 0.00 | 19.00 | 66.00 | 1.00 | 9.00 | 168.00 | 87.00 | 238.00 | -13.00 |
| Total comprehensive income | 277.00 | 330.00 | 503.00 | 563.00 | 486.00 | 707.00 | 680.00 | 279.00 | 95.00 | 260.00 | 576.00 | 653.00 | 478.00 | 355.00 | 765.00 | 518.00 |
| Earnings per share, basic | 50.81 | 78.18 | 145.72 | 158.62 | 123.78 | 194.54 | 187.04 | 263.74 | 202.41 | 268.34 | 159.17 | 178.12 | 85.50 | 73.92 | 145.70 | 146.67 |
| Earnings per share, diluted | 50.81 | 78.18 | 145.72 | 158.62 | 123.78 | 194.54 | 187.04 | 77.22 | 21.18 | 53.61 | 159.17 | 178.12 | 85.50 | 73.92 | 145.70 | 146.67 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 12,868.00 | 13,476.00 | 15,010.00 | 17,852.00 | 20,521.00 | 19,283.00 | 20,943.00 |
| Other income | 274.00 | 466.00 | 546.00 | 459.00 | 598.00 | 589.00 | 661.00 |
| Total income | 13,143.00 | 13,943.00 | 15,555.00 | 18,311.00 | 21,119.00 | 19,872.00 | 21,604.00 |
| Cost of materials consumed | 922.00 | 976.00 | 1,130.00 | 1,418.00 | 1,647.00 | 1,940.00 | 2,113.00 |
| Purchases of stock-in-trade | 31.00 | 44.00 | 88.00 | 90.00 | 10.00 | 19.00 | 84.00 |
| Changes in inventories | 37.00 | 50.00 | -179.00 | -75.00 | -88.00 | 49.00 | -38.00 |
| Employee benefit expense | 854.00 | 869.00 | 913.00 | 978.00 | 1,064.00 | 1,148.00 | 1,302.00 |
| Finance costs | 291.00 | 251.00 | 216.00 | 263.00 | 258.00 | 205.00 | 212.00 |
| Depreciation and amortisation | 1,808.00 | 1,262.00 | 1,146.00 | 1,661.00 | 1,897.00 | 3,007.00 | 2,794.00 |
| Other expenses | 7,265.00 | 7,486.00 | 9,350.00 | 12,483.00 | 13,370.00 | 12,193.00 | 12,843.00 |
| Total expenses | 11,209.00 | 10,939.00 | 12,664.00 | 16,816.00 | 18,160.00 | 18,561.00 | 19,311.00 |
| Profit before exceptional items and tax | 1,934.00 | 3,004.00 | 2,892.00 | 1,495.00 | 2,959.00 | 1,312.00 | 2,293.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1,934.00 | 3,004.00 | 2,892.00 | 1,495.00 | 2,959.00 | 1,312.00 | 2,293.00 |
| Current tax | 530.00 | 765.00 | 443.00 | 239.00 | 512.00 | 336.00 | 577.00 |
| Deferred tax | -140.00 | -51.00 | 112.00 | -13.00 | 51.00 | -148.00 | -33.00 |
| Tax expense | 390.00 | 714.00 | 555.00 | 226.00 | 563.00 | 188.00 | 544.00 |
| Profit for the period | 1,544.00 | 2,290.00 | 2,337.00 | 1,269.00 | 2,396.00 | 1,124.00 | 1,749.00 |
| Profit attributable to owners | 1,536.00 | 2,286.00 | 2,332.00 | 1,271.00 | 2,396.00 | 1,123.00 | 1,744.00 |
| Profit attributable to non-controlling interests | 8.00 | 4.00 | 5.00 | -2.00 | 0.00 | 1.00 | 5.00 |
| Other comprehensive income | 212.00 | -72.00 | 106.00 | 239.00 | 40.00 | 86.00 | 502.00 |
| Total comprehensive income | 1,757.00 | 2,218.00 | 2,442.00 | 1,508.00 | 2,436.00 | 1,210.00 | 2,251.00 |
| Earnings per share, basic | 435.35 | 633.54 | 646.31 | 352.18 | 663.98 | 311.18 | 483.24 |
| Earnings per share, diluted | 435.35 | 633.54 | 646.31 | 352.18 | 663.98 | 311.18 | 483.24 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 25,257.00 | 26,334.00 | 26,716.00 | 27,953.00 | 27,859.00 | 28,492.00 | 30,200.00 | 31,476.00 |
| Non-current assets | 16,372.00 | 17,366.00 | 15,980.00 | 15,741.00 | 16,062.00 | 16,389.00 | 16,396.00 | 16,373.00 |
| Current assets | 8,886.00 | 8,968.00 | 10,736.00 | 12,212.00 | 11,796.00 | 12,102.00 | 13,804.00 | 15,102.00 |
| Property, plant and equipment | 7,350.00 | 7,406.00 | 7,596.00 | 9,467.00 | 9,550.00 | 9,221.00 | 9,143.00 | 11,090.00 |
| Capital work-in-progress | 1,691.00 | 2,797.00 | 3,481.00 | 1,930.00 | 2,777.00 | 3,796.00 | 3,602.00 | 1,466.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 57.00 | 75.00 | 85.00 | 123.00 | 106.00 | 93.00 | 117.00 | 117.00 |
| Inventories | 2,771.00 | 2,760.00 | 2,237.00 | 3,555.00 | 2,683.00 | 2,444.00 | 2,562.00 | 2,774.00 |
| Trade receivables | 1,245.00 | 1,212.00 | 1,633.00 | 1,287.00 | 1,812.00 | 1,401.00 | 2,108.00 | 1,827.00 |
| Cash and cash equivalents | 35.00 | 46.00 | 94.00 | 262.00 | 80.00 | 141.00 | 288.00 | 115.00 |
| Total equity and liabilities | 25,257.00 | 26,334.00 | 26,716.00 | 27,953.00 | 27,859.00 | 28,492.00 | 30,200.00 | 31,476.00 |
| Equity | 18,003.00 | 18,677.00 | 19,536.00 | 20,744.00 | 20,920.00 | 21,579.00 | 22,487.00 | 23,314.00 |
| Equity share capital | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 |
| Other equity | 17,925.00 | 18,600.00 | 19,459.00 | 20,667.00 | 20,843.00 | 21,502.00 | 22,406.00 | 23,231.00 |
| Total liabilities | 7,255.00 | 7,657.00 | 7,180.00 | 7,209.00 | 6,938.00 | 6,913.00 | 7,713.00 | 8,162.00 |
| Non-current liabilities | 1,392.00 | 925.00 | 1,257.00 | 1,082.00 | 1,057.00 | 1,157.00 | 1,160.00 | 1,172.00 |
| Current liabilities | 5,862.00 | 6,732.00 | 5,923.00 | 6,128.00 | 5,881.00 | 5,756.00 | 6,553.00 | 6,989.00 |
| Borrowings, non-current | 1,105.00 | 581.00 | 882.00 | 713.00 | 717.00 | 727.00 | 728.00 | 729.00 |
| Borrowings, current | 1,677.00 | 1,959.00 | 939.00 | 762.00 | 729.00 | 90.00 | 1,135.00 | 865.00 |
| Trade payables | 763.00 | 1,196.00 | 909.00 | 1,214.00 | 974.00 | 1,361.00 | 1,037.00 | 1,622.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 648.00 | 2,569.00 | 1,838.00 | 3,347.00 | 1,475.00 | 4,920.00 | 958.00 | 3,794.00 |
| Net cash from investing activities | -1,154.00 | -2,414.00 | -730.00 | -1,418.00 | -1,250.00 | -3,728.00 | -1,453.00 | -3,740.00 |
| Net cash from financing activities | 363.00 | -277.00 | -1,057.00 | -1,710.00 | -412.00 | -1,296.00 | 612.00 | -110.00 |
| Purchase of property, plant and equipment | 1,475.00 | 3,291.00 | 1,624.00 | 3,140.00 | 2,196.00 | 4,093.00 | 960.00 | 1,866.00 |
| Net increase in cash | -138.00 | -113.00 | 52.00 | 220.00 | -186.00 | -102.00 | 126.00 | -30.00 |
| con:CFO.BEFORE_TAX | 805.00 | 2,902.00 | 1,890.00 | 3,792.00 | 1,573.00 | 5,356.00 | 1,152.00 | 4,140.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 156.00 | 333.00 | 52.00 | 444.00 | 98.00 | 436.00 | 194.00 | 346.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 160.00 | 97.00 | 104.00 | 226.00 | 173.00 | 1,064.00 | 915.00 | 3,034.00 |
| con:INVESTMENTS_SOLD | 322.00 | 586.00 | 864.00 | 1,648.00 | 993.00 | 1,176.00 | 316.00 | 924.00 |
| con:PPE_DISPOSALS | 12.00 | 35.00 | 4.00 | 31.00 | 7.00 | 21.00 | 91.00 | 94.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 62.55 | 62.55 | 62.55 | 62.55 | 62.55 | 62.55 | 62.55 | 62.55 | 62.55 | 62.55 | 0.63 | 0.63 | 0.63 | 0.63 |
| Domestic institutions | 11.75 | 12.00 | 12.56 | 12.55 | 12.34 | 13.02 | 14.46 | 15.02 | 15.32 | 14.89 | 0.15 | 0.15 | 0.16 | 0.17 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 10.32 | 0.10 | 0.10 | 0.11 | 0.12 |
| Insurance companies | 4.38 | 4.37 | 4.47 | 4.43 | 4.36 | 4.67 | 4.87 | 4.75 | 4.71 | 3.99 | 0.03 | 0.04 | 0.04 | 0.04 |
| Foreign institutions | 12.82 | 12.62 | 12.21 | 12.30 | 12.48 | 11.85 | 10.39 | 9.88 | 9.71 | 10.07 | 0.10 | 0.10 | 0.09 | 0.08 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 37.45 | 37.45 | 37.45 | 37.45 | 37.45 | 37.45 | 37.45 | 37.45 | 37.45 | 37.45 | 0.37 | 0.37 | 0.37 | 0.37 |
| Non-institutional | 12.88 | 12.83 | 12.68 | 12.59 | 12.63 | 12.58 | 12.59 | 12.54 | 12.42 | 12.48 | 0.12 | 0.13 | 0.12 | 0.13 |
| Shares outstanding | 36080748 | 36080748 | 36080748 | 36080748 | 36080748 | 36080748 | 36080748 | 36080748 | 36080748 | 36080748 | 36080748 | 36080748 | 36080748 | 36080748 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Shree Cement North Pvt Ltd | Subsidiary | Interest received, Loan, Purchase of goods or servic | 3,597,400,000.00 | 6 |
| Shree Cement East Pvt Ltd | Subsidiary | Interest received, Loan, Purchase of fixed assets, P | 2,380,400,000.00 | 6 |
| Asat Logistics Pvt. Ltd. | Significant influence/ control of | Any other transaction, Purchase of goods or services | 1,403,100,000.00 | 5 |
| Raipur Handling & Infrastructure Pvt. Ltd., India | Subsidiary | Any other transaction, Interest received, Loan, Purc | 1,039,600,000.00 | 9 |
| U C N Co Ltd L.L.C. | Subsidiary | Interest received, Loan, Sale of goods or services | 527,900,000.00 | 4 |
| Shri H M Bangur | Key Managerial Personnel | Remuneration | 321,400,000.00 | 1 |
| Shree Cement Employees Group Gratuity Scheme | Post Employment Benefit Plan Trust | Any other transaction | 250,400,000.00 | 1 |
| Shri Prashant Bangur | Key Managerial Personnel | Remuneration | 170,000,000.00 | 1 |
| Shri Neeraj Akhoury | Key Managerial Personnel | Remuneration, Sale of goods or services | 114,200,000.00 | 2 |
| Union Cement Company PJSC | Subsidiary | Purchase of goods or services, Sale of goods or serv | 71,200,000.00 | 5 |
| Arnavi Green Building Materials Private Limited | Significant influence/ control of | Purchase of goods or services, Sale of goods or serv | 65,400,000.00 | 2 |
| Shree Foundation Trust | Significant influence/ control of | Any other transaction | 60,000,000.00 | 1 |
| Shree Cement Ltd., Superannuation Scheme | Post Employment Benefit Plan Trust | Any other transaction | 47,100,000.00 | 1 |
| The Bengal | Significant influence/ control of | Any other transaction | 22,400,000.00 | 1 |
| Alfa Buildhome Pvt. Ltd. | Significant influence/ control of | Advance, Any other transaction, Purchase of goods or | 15,000,000.00 | 3 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-06 | Q1FY27 | CEMENT LIMITED, SHREE CEMENT LIMITED | Read the call |
| 2026-05-11 | Q4FY26 | CEMENT LIMITED, SHREE CEMENT LIMITED | Read the call |
| 2026-02-12 | Q3FY26 | CEMENT LIMITED, SHREE CEMENT LIMITED | Read the call |
| 2025-11-03 | Q2FY26 | CEMENT LIMITED, SHREE CEMENT LIMITED | Read the call |
| 2025-05-19 | Q4FY25 | CEMENT LIMITED, SHREE CEMENT LIMITED | Read the call |
| 2024-11-18 | Q2FY25 | CEMENT LIMITED, SHREE CEMENT LIMITED | Read the call |
| 2024-08-13 | Q1FY25 | CEMENT LIMITED, SHREE CEMENT LIMITED | Read the call |
| 2024-05-21 | Q4FY24 | CEMENT LIMITED, SHREE CEMENT LIMITED | Read the call |
| 2024-02-06 | Q3FY24 | CEMENT LIMITED, SHREE CEMENT LIMITED | Read the call |
| 2023-11-14 | Q2FY24 | CEMENT LIMITED, LIMITED, SHREE CEMENT LIMITED | Read the call |
| 2023-08-01 | Q1FY24 | SHREE CEMENT LIMITED | Read the call |
| 2023-05-27 | Q4FY23 | SHREE CEMENT LIMITED, – SHREE CEMENT LIMITED | Read the call |
What they said about it, quarter by quarter
| Topic | Q2FY25 | Q2FY26 | Q3FY24 | Q3FY26 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | Sir, first is on the CAPEX, so 1H we have done close to Rs. | You understand we have all physical and financial resources to do this capex. | We've just started a new plant in Rajasthan, Nawalgarh, which is one of the largest plants in the country and most probably even in the world. | So, we are not worried about the quantum of capex we need to spend. | My question is on the debt front like although you have explained in terms of the capacity expansion so how do you see your debt levels panning out in… | On the capex front, apart from operationalizing integrated units at Nawalgarh in Jan '24 this year, we commissioned our 3 million-ton Guntur plant in … | On the capex front, recently, the company commissioned few units. | Sir, my question pertains to what's next in terms of capex and the large cash surplus, which is further increasing owing to your strong internal accru… |
| Capital allocation | — | Also, you will note that we generally have been very conservative in our dividend payout. | And I appreciate the dividend aspect of it. | So let me assure you that yes the dividend payout will be better. | I would like to reemphasize that Shree is very open to such opportunities but the opportunities should add value to us at the same time should be part… | — | — | Considering the strong cash position, the Board of Directors of the company have recommended a final dividend of INR70 per share in addition to the in… |
| Costs | Number one, in last quarter, we had Royalties included in the other expenses, this quarter we have reclassified, and other expenses have been reduced … | And secondly, sir, on the cost savings especially on the logistics front. | — | — | — | So what is the cost driver from where Shree Cement can see savings in future | — | And generally on this West Asia crisis, while we know that there is cost inflation that everyone is facing, what are the mitigation measures? |
| Debt and cash | — | — | — | February 06, 2026 However, you are may be fully aware that we are completely net debt free and we have about INR6000 crores of free cash sitting in ou… | — | And Thank you Mr. Jajoo for initially highlighting the cash flow and capacity expansion philosophy of the company. | My last question, what is the net debt as of the end of March '24? | — |
| Demand | These conditions created a weaker demand scenario across sectors, including building materials and cement, housing sales, and new launches fell during… | Steady employment conditions, benign inflation and recent rationalisation of GST rates are further expected to stimulate demand. | Though the pet coke prices yesterday showed a declining trend from $120 to $110, yet as per our contracts and in pipeline, the fuel cost for this quar… | So next year, I expect the demand to be around 7.5% to 8%. | The capacity utilization had also increased strongly from 71% to 78% during the same period and this is largely because of very healthy demand shoots … | We have sufficient pipeline to maintain at least INR1.82 per kilocalorie cost. | Recognizing the market demand for premium products, the company has launched several premium products, which have resulted into increase of share of p… | We believe once peace is restored, demand would bounce back due to the reconstruction work. |
| Guidance | Overall, the outlook for the economy continues to be positive, -, underpinned by a stable external sector, positive agricultural outlook, expected imp… | Can we expect them to kind of have a slow and gradual ramp up? | And just wanted to know the capex guidance for '25 and '26. | We expect the same momentum to continue with a much higher realization and it should automatically improve our capacity utilization. | We expect to increase it to about 15% by the end of this year. | May 15, 2024 constant costs coming down we expect EBITDA margins to improve, but then it all dependent on how the top line moves and it is beyond anyb… | And as far as the volumes for '25-'26 is concerned, Mr. Akhoury has clearly said that we expect 6.5% to 7.5% or | Now how it will put pressure on EBITDA, we have never in our history given any guidance on EBITDA per ton. |
| Margin | We adopted very deliberately a strategy of value over volume with higher focus on the high EBITDA high value products. | And EBITDA increased by 158% from AED20.34 million to AED52.53 million. | EBITDA per ton also increased from INR 1,062 per ton to what I said, INR 1,387 per ton. | Possible to share the volume revenue and EBITDA number? | The realization increased by 2%, EBITDA is down by about 2% at Rs.892 Crores against Rs.911 Crores in March 2022. | EBITDA per ton also stood at a healthy INR1,392 per ton, up by about 38% versus last year at INR1,011 per ton. | EBITDA per ton increased by 29% to INR1,406 from INR1,088 on a sequential basis. | You may also note that in- spite of whatever results whosoever has declared, our EBITDA per ton of cement for the year '25, '26 is by far the highest … |
| People | Quarter-on-quarter, the capacity utilization went down to 56%, so obviously the recovery of fixed cost has gone lower. | And that I'm guessing or maybe slightly higher than industry that maybe looks at volume growth and also capacity utilization. | But more importantly, our utilization rates are now increasing from 72% last year to 77% this December. | February 06, 2026 happy with our current capacity utilization. | For full year, our sales volumes increased from 27.7 million tonnes in 2021-2022 to a level of 31.8 million tonne in 2022-2023, where capacity utiliza… | Capacity utilization has been the focus. | May 14, 2025 to be the highest profit makers, which we have proven in spite of falling capacity utilization or whatever. | And just lastly, if I may, could you provide region-wise capacity utilizations for you? |
| Pricing | While all industry level cement prices declined on sequential basis, we were able to contain it with our disciplined pricing and focus on premium prod… | Sir, for my first question is that among the three core markets of north, south and east, how is pricing today on the ground versus the second quarter… | I appreciate the company because due to capacity increase, the sales should grow not due to the price increase. | Now naturally, if you want to maintain discipline on pricing and narrow down the gap, you had to take the pain of sacrificing volumes. | Understand the strategy or the product mix of cement pricing. | But I have always taken a call on cost, and I can assure you that looking at current fuel price trend, looking at overall logistic pricing and the wor… | And as we find that our brands are becoming more strong, we are pushing for better pricing as well. | The second attention I would like to draw is towards the last quarter's concall where, unfortunately, Mr. Akhoury could not attend, where I had said t… |
| Revenue growth | Mr. Bhandari, are you saying the industry volume growth was -7% for the entire industry in this quarter Y-o-Y? | Sales were up from 9.87 lakh tons to about 13.1 lakh tons, growth of about 34%. | This contributed to increasing the total EBITDA from INR 708 crores in December '22, to INR 1,234 crores, growth of roughly about 74%, while EBITDA pe… | The increase in profit mainly in cement is because of top line. | Is there a way to mention that in the press release as because it distorts both the topline realization as well as the energy cost numbers? | As far as the current quarter is concerned, the demand growth was mainly in the Eastern market, where we grew by almost 20% quarter on quarter, follow… | So please understand that our top line will grow in consonance with growth in market. | Total volume increased on a yearly basis from 10.72 lakh tons to 11.65 lakh tons, recording a growth of 9% on quarter- on-quarter basis. |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2023-05-27 | Q4FY23 | SHREE CEMENT LIMITED | We expect to increase it to about 15% by the end of this year. |
| 2023-08-01 | Q1FY24 | SHREE CEMENT LIMITED | With this we should be very close to a 68 million tons capacity at an India level. |
| 2023-08-01 | Q1FY24 | SHREE CEMENT LIMITED | We are very much on track to reach our ambitious goals of taking our capacity beyond 80 million tons in the coming years and aggressively charting out action plans to implement the same. |
| 2024-02-06 | Q3FY24 | SHREE CEMENT LIMITED | Another plant of 3 million tons at Guntur is likely to be commissioned by this quarter end. |
| 2024-05-21 | Q4FY24 | SHREE CEMENT LIMITED | We believe that we should be completing out of this, about 9.4 million to 10 million tons capacity in FY '25 itself. |
| 2026-08-06 | Q1FY27 | SHREE CEMENT LIMITED | I'm still sticking to my guidance of 40 million tons. |