Buy Shree Cements, target price Rs 31175: ICICI Securities

ICICI Securities has buy call on Shree Cements with a target price of Rs 31175. The current market price of Shree Cements is Rs 26460.5.

Time period given by analyst is one year when Shree Cements Ltd. price can reach defined target.

Shree Cements Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 95735.75 Crore) operating in Cement sector.


Shree Cements Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue, Clinker, Power and Scrap for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 3526.95 Crore, down -6.59 % from last quarter Total Income of Rs 3775.94 Crore and up 5.18 % from last year same quarter Total Income of Rs 3353.33 Crore. Company reported net profit after tax of Rs 563.94 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 62.55 per cent stake in the company as of 30-Sep-2021, while FIIs owned 13.53 per cent, DIIs 10.1 per cent.