Shree Cements shares up 1.62% as Nifty gains

economictimes.indiatimes.com:

Shree Cements Ltd. traded 1.62 per cent up in Thursday's trade at 01:19PM (IST). Around 247 shares changed hands on the counter.
The scrip opened at Rs 25030.55 and touched an intraday high and low of Rs 25395.0 and Rs 24945.65, respectively, in the session so far. Shares of the company of Shree Cements Ltd. quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 22601.3.

Total market cap of the Shree Cements Ltd. stood at Rs 91458.92 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 5370.65 crore for the quarter ended 31-Dec-2023, up 8.89 per cent from previous quarter's Rs 4932.11 crore and up 20.06 per cent from the year-ago quarter's Rs 4473.38 crore.
The net profit for latest quarter stood at Rs 701.89 crore, up 148.84 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Dec-2023, DIIs held 7.72 per cent stake in the company, while foreign institutional investors held 12.31 per cent and the promoters 62.55 per cent.

Valuation ratio According to BSE data, the stock traded at a P/E multiple of 40.71 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. belongs to the Cement — North industry.