Share price of Shree Cements jumps as Sensex drops 13.84 points
Promoters held 62.55 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 11.85 per cent and 7.07 per cent, respectively.
By ETMarkets.com |
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The share price of Shree Cements Ltd. gained 0.86 per cent to Rs 24629.0 at 12:20PM (IST) in Friday's trade. The counter has hit a high of Rs 24755.05 and low of Rs 24051.05 so far during the session. The stock had closed at Rs 24418.3 in the previous session.
The counter has had a total traded volume of 573 shares so far with a value of Rs 1.4 crore on the NSE. It traded at a price-to-earnings multiple of 55.35 and a price-to-book ratio of 4.96.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip declined 6.69 per cent during the past one year, while the 30-share index slipped -0.75 per cent during the same period.
Shree Cements Ltd. belongs to the Cement - North industry.
Promotor/FII Holding
Promoters held 62.55 per cent stake in the company as of 31-Dec-2022, while overseas investors and domestic institutional investors ownership stood at 11.85 per cent and 7.07 per cent, respectively.
Key Financials
The company reported consolidated net sales of Rs 4197.37 crore for the quarter ended 30-Sep-2022, down 4.49 per cent from the previous quarter's Rs 4394.75 crore and down 19.01 per cent from the year-ago quarter's Rs 3526.95 crore.
Profit for the latest quarter stood at Rs 183.36 crore, down 67.42 per cent from the same quarter a year ago.
The counter has had a total traded volume of 573 shares so far with a value of Rs 1.4 crore on the NSE. It traded at a price-to-earnings multiple of 55.35 and a price-to-book ratio of 4.96.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip declined 6.69 per cent during the past one year, while the 30-share index slipped -0.75 per cent during the same period.
Shree Cements Ltd. belongs to the Cement - North industry.
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Promotor/FII Holding
Promoters held 62.55 per cent stake in the company as of 31-Dec-2022, while overseas investors and domestic institutional investors ownership stood at 11.85 per cent and 7.07 per cent, respectively.
Key Financials
The company reported consolidated net sales of Rs 4197.37 crore for the quarter ended 30-Sep-2022, down 4.49 per cent from the previous quarter's Rs 4394.75 crore and down 19.01 per cent from the year-ago quarter's Rs 3526.95 crore.
Profit for the latest quarter stood at Rs 183.36 crore, down 67.42 per cent from the same quarter a year ago.
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