Shree Cements shares up 1.16% as Nifty gains
Shree Cements Ltd. traded 1.16 per cent up in Thursday's trade at 12:53PM (IST). Around 321 shares changed hands on the counter.
The counter opened at Rs 25329.35 and touched an intraday high and low of Rs 25806.5 and Rs 25329.35, 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.
Total market cap of the Shree Cements Ltd. stood at Rs 92723.19 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 5233.9 crore for the quarter ended 30-Jun-2023, down 0.23 per cent from previous quarter's Rs 5245.91 crore and down 19.09 per cent from the year-ago quarter's Rs 4394.75 crore.
The net profit for latest quarter stood at Rs 572.3 crore, up 104.76 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Sep-2023, domestic institutional investors held 7.68 per cent stake in the firm, while foreign institutional investors held 12.22 per cent and the promoters 62.55 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 59.3 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.
