Shree Cement share price
NSE: SHREECEMBSE: 500387Cement & Cement ProductsMid Cap
SHREE CEMENT LIMITED · Formerly Shree Cements · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Mar 1985 on BSE, Apr 1995 on NSE
Last close ₹22,995.00down ₹125.00 (0.54%)BSE ₹23,069.05
Share price at the NSE close on 30 Oct 2026. Previous close ₹23,120.00.
30 Oct: open ₹23,125.00, high ₹23,125.00, low ₹22,670.00
52-week range of traded prices to 29 Oct 2026
₹21,355.00Low, 1 Oct 2026₹29,425.00High, 29 Oct 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹82,968 Cr120th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 52.40
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 3.48
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.65%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 6.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 6.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.08
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 25,740
About Shree Cement
Shree Cement Limited makes and sells cement, clinker (the kiln-fired base of cement) and ready-mix concrete (concrete mixed at a plant and delivered ready to pour) in India, and makes cement in the United Arab Emirates through a subsidiary.12 It supplies institutional clients and retail buyers, from large infrastructure projects to individual homes.1 It sells cement under the Bangur brand, including Bangur Magna, Bangur Roofon and Bangur Marble Cement.3
The group reports one business segment, cement and cement related products.4 A wholly owned subsidiary, Shree Cement East Private Limited, has a clinker grinding unit at Etah in Uttar Pradesh and 6.0 million tonnes a year (MTPA) of cement capacity.56 The company sells in 19 states and 5 union territories of India through 19,362 dealers.17 Its registered office is at Beawar in Rajasthan, with corporate offices in Gurugram and Kolkata.89
It was incorporated in 1979.10 Its promoters and promoter group, among them chairman Hari Mohan Bangur and vice chairman Prashant Bangur, held 62.552% of its shares at the end of March 2026.111213 Neeraj Akhoury is its managing director.13
Shree Cement key points
Results
- Consolidated revenue from operations was ₹20,943.47 crore in the year to Mar 2026, against ₹19,282.83 crore a year earlier; ₹2,102.89 crore came from outside India.14
- On a standalone basis, EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹4,788 crore, against ₹4,414 crore a year earlier, and profit after tax ₹1,706 crore in the year to Mar 2026.1516
- Realisation, the average price received per tonne sold in its Indian operations, was ₹4,919 in the quarter to Jun 2026, against ₹4,854 a year earlier.17
Sales mix
- In the quarter to Jun 2026, trade sales (through dealers to retail buyers) were 62% of the sales mix, against 71% a year earlier; blended cement (with fly ash or slag replacing some clinker) was 60%, against 70%.18
- In the quarter to Jun 2026, the Middle East war forced a shift from pet coke to coal, the company said: pet coke fell from 54% to 9% of fuel and coal rose from 32% to 81%, cutting trade sales.1920
- Premium products made up 20.8% of trade sales in the year to Mar 2026, against 14.9% a year earlier.21
- Ready-mix concrete revenue was ₹109 crore in the quarter to Jun 2026, against ₹40 crore a year earlier.22
Plants and capacity
- Cement capacity in India was 69.3 MTPA at the end of March 2026, including the wholly owned subsidiary; the company's own plants account for 63.3 MTPA.2324
- Shree Cement has 6 integrated plant locations, which make clinker and grind it, and 12 split grinding unit locations, which grind clinker into cement, counting its wholly owned Indian subsidiary.25
- Shree Cement's plants ran at 62% of capacity in the quarter to Jun 2026: 66% in the north, 60% in the east and 57% in the south.26
- Shree Cement's ready-mix concrete plants sold commercially 5.63 lakh cubic metres in the year to Mar 2026, up 162%.27
UAE business
- Union Cement Company, 98.444% owned, has 4 MTPA of installed cement capacity at Ras Al Khaimah.2829
- Union Cement Company's revenue from operations rose to AED 870.29 million in the year to Mar 2026 from AED 611.96 million, and its sales volume to 3.69 million tonnes from 2.81 million tonnes.30
- Union Cement Company held 76% of the UAE market for oil well cement, used to seal oil and gas wells, in the year to Mar 2026.31
- On its earnings call of 31 Jul 2026, the company said the UAE had practically no sales in April and May because of the war, and that it expects UAE capacity to reach 7 million tonnes by the quarter to Dec 2026.3233
Expansion and capital spending
- Shree Cement added 12.9 MTPA of cement capacity in India in the year to Mar 2026, including integrated units at Jaitaran, Rajasthan and Kodla, Karnataka, each designed for over 10,000 tonnes a day.3435
- The company stated in its annual report for the year to Mar 2026 that its board has approved an integrated plant at Daistong, Meghalaya, with 0.95 MTPA of clinker and 0.99 MTPA of cement capacity.35
- On its earnings call of 31 Jul 2026, the company said it expects capital spending of about ₹1,500 crore on its Indian operations in the year to Mar 2027.3637
What the company expects
Recent events
- On 14 Oct 2026, the board of Shree Global FZE, the company's wholly owned UAE subsidiary, approved forming a subsidiary in China to import, export and trade goods.4041
- On 28 Sep 2026, CRISIL Ratings reaffirmed its Crisil AAA/Stable credit rating, an assessment of ability to repay debt, on the company's long-term bank facilities and debentures.42
Litigation and regulatory matters
- The company has appealed to the Supreme Court, which admitted the petition, against a 2016 Rajasthan High Court ruling cutting its capital subsidy (a state incentive linked to sales tax) from up to 75% to up to 50% of sales tax.43
- As of its annual report of 7 Jul 2026, the company had made no provision for the disputed capital subsidy difference of ₹37.84 crore received and ₹317.54 crore not received.44
- On 15 May 2026 the company received an income tax assessment order with a demand of ₹153.47 crore including interest; it said the demand is to be adjusted against refunds due and expects it to subside.4546
- On 23 Jun 2026, a GST appeals authority in Patna dismissed the company's appeals, reinstating demands of ₹23,55,71,668 and ₹14,93,09,708 plus interest and penalty. The company said the order has no major financial impact and it would appeal before the GST Appellate Tribunal.474849
Last updated
All 49 sources, each with its page
- 1. Annual report, 7 Jul 2026, page 122
- 2. Annual report, 7 Jul 2026, page 31
- 3. Annual report, 7 Jul 2026, page 77
- 4. Annual report, 7 Jul 2026, page 214
- 5. Annual report, 7 Jul 2026, page 92
- 6. Annual report, 7 Jul 2026, page 191
- 7. Annual report, 7 Jul 2026, page 40
- 8. Annual report, 7 Jul 2026, page 153
- 9. Annual report, 7 Jul 2026, page 1
- 10. Annual report, 7 Jul 2026, page 122
- 11. Annual report, 7 Jul 2026, page 206
- 12. Annual report, 7 Jul 2026, page 166
- 13. Annual report, 7 Jul 2026, page 238
- 14. Annual report, 7 Jul 2026, page 214
- 15. Annual report, 7 Jul 2026, page 37
- 16. Annual report, 7 Jul 2026, page 40
- 17. Earnings call, 31 Jul 2026, page 5
- 18. Earnings call, 31 Jul 2026, page 5
- 19. Earnings call, 31 Jul 2026, page 3
- 20. Earnings call, 31 Jul 2026, page 4
- 21. Annual report, 7 Jul 2026, page 69
- 22. Earnings call, 31 Jul 2026, page 16
- 23. Annual report, 7 Jul 2026, page 30
- 24. Annual report, 7 Jul 2026, page 61
- 25. Annual report, 7 Jul 2026, page 40
- 26. Earnings call, 31 Jul 2026, page 8
- 27. Annual report, 7 Jul 2026, page 92
- 28. Annual report, 7 Jul 2026, page 191
- 29. Annual report, 7 Jul 2026, page 31
- 30. Annual report, 7 Jul 2026, page 92
- 31. Annual report, 7 Jul 2026, page 31
- 32. Earnings call, 31 Jul 2026, page 6
- 33. Earnings call, 31 Jul 2026, page 3
- 34. Annual report, 7 Jul 2026, page 62
- 35. Annual report, 7 Jul 2026, page 93
- 36. Earnings call, 31 Jul 2026, page 12
- 37. Earnings call, 31 Jul 2026, page 18
- 38. Earnings call, 31 Jul 2026, page 5
- 39. Earnings call, 31 Jul 2026, page 6
- 40. Exchange filing, 14 Oct 2026, page 1
- 41. Exchange filing, 14 Oct 2026, page 2
- 42. Exchange filing, 28 Sep 2026, page 1
- 43. Annual report, 7 Jul 2026, page 170
- 44. Annual report, 7 Jul 2026, page 170
- 45. Exchange filing, 16 May 2026, page 1
- 46. Exchange filing, 16 May 2026, page 2
- 47. Exchange filing, 24 Jun 2026, page 1
- 48. Exchange filing, 24 Jun 2026, page 2
- 49. Exchange filing, 24 Jun 2026, page 2
Results
Consolidated; ₹ crore.Shree Cement quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +14.3%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −7.9%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹5,897 Crdown 5.40%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹263 Crdown 50.40%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 4.5%
Revenue by quarter
Peak revenue ₹6,233 Cr, quarter to Jun 2026; lowest ₹4,573 Cr, quarter to Dec 2024
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,573 | 5,532 | 5,281 | 4,761 | 4,801 | 6,101 | 6,233 | 5,897 |
| Net profit | 194 | 575 | 644 | 310 | 268 | 528 | 531 | 263 |
| Net margin | 4.2% | 10.4% | 12.2% | 6.5% | 5.6% | 8.6% | 8.5% | 4.5% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹20,943 Crup 8.61%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,749 Crup 55.60%
- Net margin
- 8.3%
Revenue by year
Peak revenue ₹20,943 Cr, year to Mar 2026; lowest ₹9,497 Cr, year to Mar 2017
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9,497 | 10,160 | 12,555 | 12,868 | 13,476 | 15,010 | 17,852 | 20,521 | 19,283 | 20,943 |
| Net profit | 1,339 | 1,384 | 1,015 | 1,544 | 2,290 | 2,337 | 1,269 | 2,396 | 1,124 | 1,749 |
| Net margin | 14.1% | 13.6% | 8.1% | 12.0% | 17.0% | 15.6% | 7.1% | 11.7% | 5.8% | 8.3% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Cement, which carries all its revenue.
Valuation
Today, against the company's own history.Shree Cement PE ratio and valuation
Price to earnings
At or below today's level on 62% of 2,479 trading days over the last 10 years.
LowestHighest
Its median50.46Industry median26.36
Price to book
At or below today's level on 1% of 1,974 trading days since Nov 2018.
LowestHighest
Its median5.11Industry median1.41
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 85% of 2,479 trading days over the last 10 years.
LowestHighest
Its median0.38%Industry median0.63%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −23.9% | +55.3% | −51.4% | 0.7% |
| 3 years | −3.7% | +11.1% | −13.8% | 0.5% |
| 5 years | −4.4% | −5.3% | +0.5% | 0.4% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
146 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 42 of the 56 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 146 funds holding Shree Cement
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 28
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 3
- AddedAdded. Funds that held more shares than at the end of the month before.
- 34
- CutCut. Funds that held fewer shares than at the end of the month before.
- 22
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 58
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 63
| Fund | |||
|---|---|---|---|
 SBI Large Cap FundSBI Mutual Fund | 4,74,600 | 2.02% | ₹1,060.5 Cr |
 ICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund | 3,54,143 | 0.94% | ₹791.3 Cr |
| SBI Aggressive Hybrid FundSBI Mutual Fund | 3,39,315 | 0.88% | ₹758.2 Cr |
| SBI Large & Midcap FundSBI Mutual Fund | 3,35,000 | 1.85% | ₹748.6 Cr |
| ICICI Prudential Large Cap FundICICI Prudential Mutual Fund | 2,97,129 | 0.87% | ₹663.9 Cr |
 Nippon India Growth Mid Cap FundNippon India Mutual Fund | 2,70,324 | 1.20% | ₹604.0 Cr |
| SBI Midcap FundSBI Mutual Fund | 2,50,000 | 2.40% | ₹558.6 Cr |
| ICICI Prudential Large & Mid Cap FundICICI Prudential Mutual Fund | 1,87,755 | 1.33% | ₹419.5 Cr |
| Nippon India Large Cap FundNippon India Mutual Fund | 1,81,243 | 0.79% | ₹405.0 Cr |
| ICICI Prudential Infrastructure FundICICI Prudential Mutual Fund | 1,06,892 | 2.90% | ₹238.9 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Shree Cement competitors and peers
Cement & Cement Products, 40 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Shree Cement in market cap.Construction materials companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 UltraTech CementULTRACEMCO | 3,29,304 | 37.42 | 4.48 | +17.8% | – | 12.1% | 12.7% | 2.15% |
 Grasim IndustriesGRASIM | 1,99,601 | 35.06 | 1.93 | +20.5% | – | 5.7% | 4.7% | 0.34% |
 Ambuja CementsAMBUJACEM | 88,136 | – | 1.48 | +3.1% | – | – | 2.7% | 0.56% |
 JK CementJKCEMENT | 37,807 | 39.46 | 5.15 | +17.3% | −7.4% | 13.9% | 11.5% | 0.41% |
 Dalmia BharatDALBHARAT | 26,407 | 53.89 | 1.47 | +6.1% | −56.4% | 2.7% | 5.0% | 0.36% |
 ACCACC | 21,661 | 24.55 | 1.05 | +4.6% | −73.6% | 4.3% | 5.1% | 0.65% |
 The Ramco CementsRAMCOCEM | 17,242 | 26.74 | 2.13 | +8.6% | +101.2% | 8.3% | 5.0% | 0.34% |
 JSW CementJSWCEMENT | 15,789 | 20.79 | 2.32 | – | – | 11.8% | 7.7% | 0.43% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Shree Cement dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹150.00 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 17 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹70.00 |
| 3 Nov 2025 | Interim | ₹80.00 |
| 21 Jul 2025 | Final | ₹60.00 |
| 5 Feb 2025 | Interim | ₹50.00 |
| 23 Jul 2024 | Final | ₹55.00 |
| 8 Feb 2024 | Interim | ₹50.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Shree Cement announcements
Oct 2026
23 Oct · Board meeting
23 Oct · Results
Shree Cement share price by year
Each calendar year to 2025.Shree Cement share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 26,575.00 | +3.4% | 32,345.00 | 24,874.50 |
| 2024 | 25,694.20 | −10.3% | 29,613.55 | 23,935.05 |
| 2023 | 28,653.30 | +23.0% | 28,758.90 | 21,901.20 |
| 2022 | 23,289.45 | −13.7% | 27,545.35 | 18,045.75 |
| 2021 | 26,987.45 | +12.4% | 31,748.75 | 22,773.35 |
| 2020 | 24,013.20 | +17.9% | 25,012.70 | 15,783.80 |
| 2019 | 20,363.95 | +18.1% | 21,887.90 | 15,052.40 |
| 2018 | 17,236.10 | −4.6% | 19,536.10 | 13,511.05 |
| 2017 | 18,074.50 | +22.7% | 20,234.00 | 14,122.60 |
| 2016 | 14,733.40 | +28.1% | 17,986.10 | 9,525.30 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 23,150.00 | 23,330.00 | 22,985.00 | 23,120.00 | 23,116.25 | 13,722 | 48.9% |
| 28 Oct 2026 | 23,095.00 | 23,265.00 | 22,970.00 | 23,020.00 | 23,149.20 | 12,219 | 50.7% |
| 27 Oct 2026 | 23,690.00 | 23,690.00 | 23,125.00 | 23,300.00 | 23,312.47 | 26,241 | 47.7% |
| 26 Oct 2026 | 22,650.00 | 23,555.00 | 22,540.00 | 23,540.00 | 23,068.04 | 29,367 | 25.3% |
| 23 Oct 2026 | 22,120.00 | 22,930.00 | 21,770.00 | 22,735.00 | 22,361.36 | 60,777 | 23.5% |
| 22 Oct 2026 | 22,310.00 | 22,445.00 | 21,875.00 | 22,330.00 | 22,276.31 | 13,746 | 40.1% |
| 21 Oct 2026 | 22,310.00 | 22,690.00 | 22,140.00 | 22,310.00 | 22,385.00 | 24,825 | 40.5% |
| 19 Oct 2026 | 22,455.00 | 22,920.00 | 22,290.00 | 22,290.00 | 22,606.84 | 62,653 | 45.2% |
| 16 Oct 2026 | 22,305.00 | 22,715.00 | 22,210.00 | 22,460.00 | 22,500.80 | 32,995 | 62.9% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- SHREECEM
- BSE code
- 500387
- ISIN
- INE070A01015
- Industry
- Cement & Cement Products
- Website
- www.shreecement.com
- CIN
- L26943RJ1979PLC001935
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1979
- Registered office
- Bangur Nagar Distt.- Ajmer, Beawar 305901, Rajasthan
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
In BSE 100, BSE 200, Nifty 500, BSE 500, Nifty Midcap 150, Nifty Total Market