Buy Shree Cement; target of Rs 24,000: Sharekhan

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Sharekhan's research report on Shree Cement

In Q1FY2023, standalone operational numbers were in line with estimates, while net earnings lagged owing to loss on fair value of investments and higher-than-estimated depreciation. The management expects an 8-10% y-o-y rise in sales volume along with 3-4% y-o-y increase in cement prices for FY2023. Power & fuel costs are likely to inch higher during Q2FY2023 before tapering downwards. The company is expanding capacity to drive up its total domestic cement capacity to 56 mtpa by FY2025 from 46.4 mtpa.

Outlook

We retain a Buy on Shree Cement with a revised PT of Rs. 24,000, factoring in downwardly revised estimates.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Shree Cement - 290722 - khan