Shree Cements shares up 0.53% as Nifty drops
Shree Cements Ltd. traded 0.53 per cent up in Friday's trade at 11:36AM (IST). Around 203 shares changed hands on the counter.
The scrip opened at Rs 26101.1 and touched an intraday high and low of Rs 26492.35 and Rs 26077.4, respectively, in the session so far. The stock of Shree Cements Ltd. quoted a 52-week high of Rs 27284.85 and a 52-week low of Rs 21433.25.
As per BSE, the total market cap of the Shree Cements Ltd. stood at Rs 94888.4 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 30-Sep-2023, DIIs held 7.68 per cent stake in the company, while foreign institutional investors held 12.21 per cent and the promoters 62.55 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 51.94 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.
