Shree Cements shares up 1.14% as Nifty drops

NEW DELHI: Shares of Shree Cements Ltd. traded 1.14 per cent up in Thursday's trade at 11:44AM (IST). Around 169 shares changed hands on the counter.

The counter opened at Rs 23900.0 and touched an intraday high and low of Rs 24350.0 and Rs 23878.95, respectively, in the session so far. Shares of the company of Shree Cements Ltd. quoted a 52-week high of Rs 26990.1 and a 52-week low of Rs 17900.0.

As per BSE, the total market cap of the Shree Cements Ltd. stood at Rs 87784.46 crore at the time of writing this report.

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 previous quarter's Rs 4394.75 crore and down 19.01 per cent from the year-ago quarter's Rs 3526.95 crore.

The net profit for latest quarter stood at Rs 183.36 crore, down 67.42 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2022, DIIs held 7.07 per cent stake in the firm, while foreign institutional investors held 11.85 per cent and the promoters 62.55 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 54.79 and a price-to-book ratio of 4.96. 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.