Buy Shree Cements, target price Rs 28966: Prabhudas Lilladher

Shree Cements Ltd. key Products/Revenue Segments include Cement, Power, Clinker, Other Operating Revenue, Scrap, Traded Goods for the year ending 31-Mar-2023.

By ETMarkets.com | Updated: Mar 12, 2024, 11.13 AM IST

Promoters held 62.55 per cent stake in the company as of 31-Dec-2023, while FIIs owned 12.31 per cent, DIIs 12.37 per cent.

Prabhudas Lilladher has buy call on Shree Cements with a target price of Rs 28966. The current market price of Shree Cements Ltd. is Rs 24985.5.

Shree Cements Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 89843.59 Crore) operating in Cement sector.

Shree Cements Ltd. key Products/Revenue Segments include Cement, Power, Clinker, Other Operating Revenue, Scrap, Traded Goods for the year ending 31-Mar-2023.

Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 5370.65 Crore, up 8.89 % from last quarter Total Income of Rs 4932.11 Crore and up 20.06 % from last year same quarter Total Income of Rs 4473.38 Crore. Company reported net profit after tax of Rs 701.85 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 62.55 per cent stake in the company as of 31-Dec-2023, while FIIs owned 12.31 per cent, DIIs 12.37 per cent.

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