Buy Shree Cements, target price Rs 29225: 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: May 16, 2024, 09.20 AM IST

Promoters held 62.55 per cent stake in the company as of 31-Mar-2024, while FIIs owned 12.46 per cent, DIIs 12.14 per cent.

Prabhudas Lilladher has buy call on Shree Cements with a target price of Rs 29225. The current market price of Shree Cements Ltd. is Rs 25830.05.

Shree Cements Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 93157.60 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 31-03-2024, the company reported a Consolidated Total Income of Rs 5582.44 Crore, up 3.94 % from last quarter Total Income of Rs 5370.65 Crore and up 6.42 % from last year same quarter Total Income of Rs 5245.91 Crore. Company reported net profit after tax of Rs 675.75 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 62.55 per cent stake in the company as of 31-Mar-2024, while FIIs owned 12.46 per cent, DIIs 12.14 per cent.

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