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SHREECEM - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.4

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 3.4

Stock Code SHREECEM Market Cap 86,281 Cr. Current Price 23,900 ₹ High / Low 32,508 ₹
Stock P/E 49.9 Book Value 6,078 ₹ Dividend Yield 0.46 % ROCE 7.17 %
ROE 5.69 % Face Value 10.0 ₹ DMA 50 25,788 ₹ DMA 200 27,420 ₹
Chg in FII Hold -0.27 % Chg in DII Hold 0.19 % PAT Qtr 279 Cr. PAT Prev Qtr 277 Cr.
RSI 36.8 MACD -859 Volume 17,637 Avg Vol 1Wk 37,092
Low price 22,855 ₹ High price 32,508 ₹ PEG Ratio -2.42 Debt to equity 0.09
52w Index 10.8 % Qtr Profit Var 21.4 % EPS 480 ₹ Industry PE 28.2

📊 Financial Overview

  • Revenue & Profit Growth: Quarterly PAT remained stable at ₹279 Cr. vs ₹277 Cr. (flat growth).
  • Margins: ROE at 5.69% and ROCE at 7.17% → weak efficiency.
  • Debt: Debt-to-equity ratio of 0.09 → very low leverage, strong balance sheet.
  • Cash Flow: Stable but limited by modest profitability.
  • Return Metrics: EPS at ₹480, strong absolute earnings but low return ratios.

💹 Valuation Indicators

  • P/E Ratio: 49.9 vs Industry PE of 28.2 → overvalued.
  • P/B Ratio: Price ₹23,900 / Book Value ₹6,078 ≈ 3.93.
  • PEG Ratio: -2.42 → negative, reflecting weak growth outlook.
  • Intrinsic Value: Current valuation stretched, limited margin of safety.

🏢 Business Model & Competitive Advantage

  • Operates in cement manufacturing, a critical infrastructure sector.
  • Competitive advantage lies in brand strength and scale of operations.
  • Low debt enhances financial resilience.
  • Challenges include weak profitability metrics and cyclical demand pressures.

📈 Entry Zone Recommendation

  • Technicals: RSI at 36.8 (oversold), MACD negative, price below 50DMA (25,788) and 200DMA (27,420).
  • Entry Zone: Attractive accumulation near ₹22,800–23,200 for long-term investors.
  • Holding Guidance: Suitable for patient investors; long-term holding depends on margin improvement and demand recovery.


✅ Positive

  • Debt-to-equity ratio very low (0.09).
  • EPS strong at ₹480.
  • DII holdings increased (+0.19%).

⚠️ Limitation

  • Weak ROE (5.69%) and ROCE (7.17%).
  • High P/E (49.9) compared to industry average (28.2).
  • Dividend yield low at 0.46%.

📉 Company Negative News

  • FII holdings decreased (-0.27%).
  • Stock corrected from ₹32,508 to ₹23,900.
  • Technical indicators (MACD negative, RSI oversold) show bearish sentiment.

📈 Company Positive News

  • Quarterly PAT stable at ₹279 Cr.
  • DII confidence increased (+0.19%).
  • Oversold RSI may attract value investors.

🌐 Industry

  • Cement industry is cyclical but critical for infrastructure and housing growth.
  • Industry PE at 28.2 indicates sector trades at lower valuations compared to SHREECEM.
  • Government focus on infrastructure spending supports long-term demand.

🔎 Conclusion

  • SHREECEM shows strong scale and low debt but suffers from weak profitability and high valuation.
  • Valuations are stretched, limiting near-term upside.
  • Best considered for long-term investors with entry near ₹22,800–23,200; holding depends on margin recovery and demand growth.

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