Shree Cements shares up 0.03% as Nifty gains
Shree Cements Ltd. traded 0.03 per cent up in Wednesday's trade at 10:15AM (IST). Around 55 shares changed hands on the counter.
The scrip opened at Rs 23991.3 and touched an intraday high and low of Rs 24098.95 and Rs 23991.3, respectively, in the session so far. The stock of Shree Cements Ltd. quoted a 52-week high of Rs 27013.0 and a 52-week low of Rs 19301.1.
Total market cap of the Shree Cements Ltd. stood at Rs 86870.71 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 5245.91 crore for the quarter ended 31-Mar-2023, up 17.27 per cent from previous quarter's Rs 4473.38 crore and up 16.53 per cent from the year-ago quarter's Rs 4501.6 crore. The net profit for latest quarter stood at Rs 525.77 crore, down 20.0 per cent from the same quarter a year ago.Shareholding pattern As of 31-Mar-2023, domestic institutional investors held 6.88 per cent stake in the firm, while foreign institutional investors held 12.82 per cent and the promoters 62.55 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 68.36 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.
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