Shree Cements shares down 0.04% as Nifty gains

NEW DELHI: Shares of Shree Cements Ltd. traded 0.04 per cent down in Friday's trade at 12:18PM (IST). Around 143 shares changed hands on the counter.

The stock opened at Rs 26803.65 and touched an intraday high and low of Rs 27069.55 and Rs 26795.05, respectively, in the session so far. Shares of the company of Shree Cements Ltd. quoted a 52-week high of Rs 29249.1 and a 52-week low of Rs 21433.25.

Total market cap of the Shree Cements Ltd. stood at Rs 96806.99 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 4932.11 crore for the quarter ended 30-Sep-2023, down 5.77 per cent from previous quarter's Rs 5233.9 crore and down 17.5 per cent from the year-ago quarter's Rs 4197.37 crore.

The net profit for latest quarter stood at Rs 446.63 crore, up 143.58 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 7.72 per cent stake in the firm, while foreign institutional investors held 12.31 per cent and the promoters 62.55 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 52.99 and a price-to-book ratio of 5.07. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Shree Cements Ltd. belongs to the Cement - North industry.