Please refer to important disclosures at the end of this report
Shree Cement Limited is a cement company. The Company's principal
products/services are cement and clinker. Shree Cement delivered superlative
quarterly results benefiting from strong cement price recovery in the north/central
regions. Shree Cement continued to gain market share in the north and east
regions and also benefitted from lower input costs. Capacity expansion at Shree
Cements would aid the company to deliver better-operating performance ove
the next two-to-three years. Among the large-sized cement company, Shree
Cement continues to differentiate itself from peers by clocking not only excellent
volume growth but also better financial performance. The company is virtuall
debt free company with current RoCE of 20.09% which is good for the company.
Hence Buy.
CMP `17,210
Stock Info
Bloomberg Code SRCM.IN
Shareholding Pattern (%)
Promoters 64.8
MF / Banks / Indian Fls 15.4
FII / NRIs / OCBs 13.8
Indian Public / Others 6.0
Abs. (%) 3m 1yr 3yr
Sensex 6.3 8.1 53.2
Shree Cement 25.1 58.1 379.2
Nifty 8,810
Reuters Code SHCM.BO
Face Value (
BSE Sensex 28,532
52 Week High / Low 17,650/9,350
Avg. Daily Volume
Market Cap (
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
Shree Cement
Others | Cemen
September 6, 2016
Shree Cement | Cement
September 6, 2016
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website:
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.