# Shree Cement share price today (Shree Cement Ltd, NSE: SHREECEM)

> Shree Cement share price today: ₹23,910.00 at the NSE close on 3 November 2026, down 15.5% in a year. Shree Cement (NSE: SHREECEM) is worth ₹86,269 crore, trades at a P/E of 54.5 and has closed between ₹21,900.00 and ₹27,840.00 over the past 52 weeks. > Shree Cement Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SHREECEM · Cement · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/shree-cement-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹23,910.00 (−15.5% in a year)
- P/E: 54.5× (higher than 70% of the last 11 years)
- Revenue (Sep 2026): ₹5,897 Cr (+23.9% on a year ago)
- Profit (Sep 2026): ₹263 Cr (−15.2% on a year ago)
- Operating margin: 17.0% (−3.0 points on a year ago)
- ROCE: 10%, FY26
- ROIC: 7.6%, against a 12.0% cost of capital: −4.4 points

The main question: yearly earnings per share moved +55.3% while the share price moved −15.5%. ## What is the Shree Cement share price today? Shree Cement Ltd's share price was ₹23,910.00 at the close on 3 November 2026. It has been falling for 50 weeks. That is 3.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹21,900 and ₹27,840, and at that close it sat 34% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 13 weeks running. Over the last 11 years the share price moved +112% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 7 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Shree Cement this quarter? Three changes stood out: indian funds and insurers (DIIs) raised their stake for 4 quarters in a row, revenue up on a year earlier for 7 quarters in a row and lowest operating margin in 8 quarters. 1. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row From 14.4% to 16.5% of the company by the September 2026 quarter. 2. Revenue up on a year earlier for 7 quarters in a row In the September 2026 quarter revenue was ₹5,897 crore, +23.9% on a year earlier. Why: Revenue rose because the company sold more cement and got slightly higher prices. India volume grew 18% from a year earlier, total company volume grew 14%, and price per ton rose 1%. Next results: check if premium products keep growing their share and if October price rises lift what the company gets per ton without slowing regular trade sales. From the earnings call on 23 Oct 2026. 3. Lowest operating margin in 8 quarters Operating margin was 17% in the September 2026 quarter, against 20% a year earlier. Why: Margin fell because fuel cost rose. Landed fuel cost was Rs 2.1 per kcal against Rs 1.7 a year earlier, and management blamed higher fuel costs for lower profit per ton. Next results: check whether fuel cost stays around the level management gave for the second half and whether profit per ton stops falling. From the earnings call on 23 Oct 2026. ## What are Shree Cement's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Shree Cement reported revenue of ₹5,897 crore, up 23.9% from ₹4,761 crore a year earlier, and a profit of ₹263 crore, down 15.2% from ₹310 crore. ### Shree Cement results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹5,897 crore | ₹4,761 crore | +23.9% |
| Profit | ₹263 crore | ₹310 crore | −15.2% |
| Earnings per share | ₹72.57 | ₹85.51 | −15.1% |
| Operating margin | 17.0% | 20.0% | −3.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Shree Cement's management discussed these results on a call held on 23 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Shree Cement share price history? Shree Cement closed at ₹23,910.00 on 3 November 2026, down 15.5% from ₹28,310.00 a year earlier (31 October 2025) and down 17.7% over five years. Its highest weekly close since March 2016 was ₹31,748.75 on 9 April 2021. ### Shree Cement share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹22,735.00 | +5.2% |
| 1 month ago · 1 Oct 2026 | ₹21,900.00 | +9.2% |
| 6 months ago · 30 Apr 2026 | ₹24,195.00 | −1.2% |
| 1 year ago · 31 Oct 2025 | ₹28,310.00 | −15.5% |
| 3 years ago · 3 Nov 2023 | ₹25,957.85 | −7.9% |
| 5 years ago · 4 Nov 2021 | ₹29,047.20 | −17.7% |
| 10 years ago · 4 Nov 2016 | ₹16,826.90 | +42.1% |
| Earliest and lowest weekly close in our records · 11 Mar 2016 | ₹11,258.85 | +112.4% |
| Highest weekly close since March 2016 · 9 Apr 2021 | ₹31,748.75 | −24.7% |
| 52-week high (weekly close) · 16 Jan 2026 | ₹27,840.00 | −14.1% |
| 52-week low (weekly close) · 1 Oct 2026 | ₹21,900.00 | +9.2% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Shree Cement? 3 Nov 2026: Shree Cement closed at ₹23,910.00, up 5.2% on the week and up 9.2% on the month. 23 Oct 2026: Shree Cement held its results call for July to September 2026. Management guided: FY27 India sales volume 40-41 million tons; UAE sales 4-5 million tons, with the new mill at 15-20% first-year utilization, 1-2 percentage-point margin premium and 2-3 years to maximum sales. ### Earlier

- Results for July to September 2026: Revenue up 23.9% and profit down 15.2% on a year earlier. - 17 Jul 2026: ex-date for a dividend of ₹70 a share. ## What dividend does Shree Cement pay? Shree Cement paid ₹70 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.29% at the ₹23,910.00 close on 3 November 2026. The last was a dividend of ₹70 a share, ex-date 17 July 2026. ### Shree Cement dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 17 Jul 2026 | ₹70 | Dividend | same day |
| 3 Nov 2025 | ₹80 | Interim | same day |
| 21 Jul 2025 | ₹60 | Dividend | same day |
| 5 Feb 2025 | ₹50 | Interim | same day |
| 23 Jul 2024 | ₹55 | Dividend | same day |
| 8 Feb 2024 | ₹50 | Interim | same day |
| 1 Jun 2023 | ₹55 | Interim | same day |
| 16 Feb 2023 | ₹45 | Interim | same day |
| 13 Jul 2022 | ₹45 | Dividend | 14 Jul 2022 |
| 10 Feb 2022 | ₹45 | Interim | 12 Feb 2022 |
| 22 Jul 2021 | ₹60 | Dividend | 24 Jul 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Shree Cement Ltd paid out 31% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Shree Cement management say on the latest results call? On the call for July to September 2026, held on 23 October 2026, Shree Cement's management guided: FY27 India sales volume 40-41 million tons; UAE sales 4-5 million tons, with the new mill at 15-20% first-year utilization, 1-2 percentage-point margin premium and 2-3 years to maximum sales. > “As I speak, we have a commitment to all of you to reach 80 million tons very soon, and we are working to reach that level.”
> Neeraj Akhoury, MD, on the call for July to September 2026

### What management guided

- Q3-Q4 landed fuel cost around ₹2.2 per kcal; Q3 total costs expected near Q2, and the inventory-related amount around ₹60-70 crore by year-end. - FY27 H2 capital expenditure expected at ₹700-800 crore. - FY27 tax rate of 31-32% under the old tax regime. - Short-term organic capacity goal of 80 million tons; Meghalaya commissioning expected in the quarter ending March 31, 2028; new plants take about 3 years to full utilization. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/284/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 23 October 2026.)

## What to watch in Shree Cement's next results? When Shree Cement reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Fuel costs at the stated Q3-Q4 level; check whether per-ton profitability stabilizes. - What to check (from the call)
- Fuel costs at the stated Q3-Q4 level; check whether per-ton profitability stabilizes. - H2 capital deployment against guidance, using actual spending as the check. - Premium share and October price improvement translating into stronger realization without weakening trade growth. - Meghalaya construction starting after workforce and contractor mobilization; check that the commissioning schedule remains intact. ## Which stock lists is Shree Cement on? Shree Cement is on one of our India lists: Small & mid cap stocks. [Small & mid cap stocks Size rank in India: 131](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Shree Cement profitable? Shree Cement Ltd earned ₹263 Cr of net profit in the Sep 2026 quarter, −15.2% on the same quarter a year earlier. Full-year FY26 profit was ₹1,749 Cr. Over 10 years profit has grown 4.3% a year on average. That is 4.5% of the quarter's revenue. The same quarter a year earlier earned ₹310 Cr. For the full year, FY26 profit was ₹1,749 Cr (+55.6% on the year before). Why profit moved: revenue changed +23.9% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −0.7% and revenue +14.3%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Shree Cement make, and is it growing? Shree Cement Ltd reported ₹5,897 Cr of revenue in the Sep 2026 quarter, +23.9% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 10 years it has grown 14.3% a year on average. The last full year, FY26, came in at ₹20,943 Cr. The last four reported quarters add to ₹23,032 Cr. FY26 revenue was ₹20,943 Cr, +8.6% on the year before. Recent pace: the last four quarters grew +14.3% on average, against 14.3% a year over the longer run, so this year is growing at about the same pace as its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +14.3%, against +7.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −7.7%, against −4.2% a year (rolling over). ## How much of every ₹100 of sales does Shree Cement keep? Shree Cement Ltd's operating margin was 17.0% in the Sep 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 17.0% and 30.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −3.2 percentage points on the year while gross margin changed −6.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Shree Cement's profit turning into cash? Over the last 3 years, 229% of Shree Cement Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹3,794 Cr of operating cash against ₹1,749 Cr of profit. After ₹2,356 Cr of spending on assets, ₹1,438 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 229% of profit came in as cash: the cash cycle got 75 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Shree Cement's cash go? Shree Cement Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 227 days in FY26, down from 302 days in FY21. It spent ₹10,093 Cr on assets over the last 3 years. Customers take 32 days to pay, and stock sits for 469 days on average. At FY26 sales of ₹20,943 Cr, each day of that cycle ties up about ₹57.4 Cr, so roughly ₹13,025 Cr is tied up in the business at any time. FY26: customers took 32 days to pay and stock sat for 469 days, about 15.4 months of sales sitting as stock, for a full cycle of 227 days, shorter than FY21's 302. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 469 days. Customers pay about 32 days after that. Suppliers are paid at 274 days. Together that makes the 227-day cycle. Spending on assets: ₹10,093 Cr over the last 3 years, against ₹7,698 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹1,466 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Shree Cement's P/E ratio, and how does it compare with its own history? Shree Cement Ltd's P/E is 54.5×, near the high end of its own history: higher than 70% of past readings. Its usual P/E (the middle reading) is 50.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +55.3% while the price moved −15.5%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −3.8% a year; about −9.6% a year came from earnings growth and about +5.8 percentage points from the multiple (the market paying more); over 10 years the price moved +3.6% a year; about +3.0% a year came from earnings growth and about +0.6 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Shree Cement business getting better or worse? Shree Cement Ltd's business is giving mixed signals. Revenue growth is rising from its low at +14.3% while profit growth is falling at −7.7%, so the lines disagree and each one tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Shree Cement earn on its capital? Shree Cement Ltd earned a ROCE of 10% in FY26. That is up from a low of 7% in FY25. Its return on capital used (ROIC) is 4.4 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 8.4% net margin and 0.67× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 8.4% net margin × 0.67× asset turnover × 1.35× leverage (assets divided by equity) ≈ 7.6% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 7.6% − 12.0% = −4.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 7.6% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 8.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Shree Cement have too much debt? Shree Cement Ltd has total debt of ₹2,179 Cr against shareholder equity of ₹23,913 Cr as of Sep 2026, so its debt is 0.09× its equity, which is very little. Year by year, that ratio went from 0.12 in FY22 to 0.08 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Shree Cement shareholding pattern? Domestic institutions raised their stake in Shree Cement Ltd by 2.3 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 16.5% of the company. Foreign institutions moved −1.9 points over the same period, to 8.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +2.3 points over 8 quarters, to 16.5%; Foreign institutions: −1.9 points over 8 quarters, to 8.4%; Promoters: +0.0 points over 8 quarters, to 62.6%. Why the owners changed: foreign institutions moved −1.9 points and domestic institutions +2.3 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Shree Cement from balance-sheet trouble? For Shree Cement Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Shree Cement rank in its industry? 51.8 out of 100, rank 7 of 26 in Cement, with 100% of the evidence available. Shree Cement Ltd scores 51.8 out of 100 against the 26 companies it is compared with in Cement, ranking 7. Relative strength against the index is -3.8%, and revenue and profit growth are weak. The four parts add up to the total exactly: 16.2 + 14.4 + 5.4 + 15.8 = 51.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Shree Cement compared with? Shree Cement ranks 7 of 26 Cement companies on the 4-Factor Sector Score, with 51.8 out of 100. 1. [NCL Industries Ltd](https://www.sectoralpha.in/stocks/ncl-industries-ltd) NCLIND · quiet · Most evidence points up · 96% evidence 72.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.2/35 · Revenue 3.7% · Profit 100% · Operating margin change -3 points · 88% evidence Capital efficiency 18.5/25 · ROCE 14.6% · Operating margin 12% · 100% evidence Valuation 20.0/20 · P/E 5.8× · PEG 0.14 · 100% evidence Relative strength 12.7/20 · Lead over its industry 3.5% · Lead over NIFTY 500 -9.2% · 1 year -19.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.2 + 18.5 + 20 + 12.7 = 72.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Star Cement Ltd](https://www.sectoralpha.in/stocks/star-cement-ltd) STARCEMENT · basing · Most evidence points up · 81% evidence 67.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 14.5% · Profit 55.1% · Operating margin change -4 points · 88% evidence Capital efficiency 22.5/25 · ROCE 16.6% · Operating margin 21% · 100% evidence Valuation 11.9/20 · P/E 18.3× · PEG 1.12 · 100% evidence Relative strength 9.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.1% · 1 year -33.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 23.8 + 22.5 + 11.9 + 9.5 = 67.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Rain Industries Ltd](https://www.sectoralpha.in/stocks/rain-industries-ltd) RAIN · losing its lead · Evidence leans up · 71% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.3/35 · Revenue 17% · Profit 100% · Operating margin change 5 points · 83% evidence Capital efficiency 10.8/25 · ROCE 8.3% · Operating margin 19% · 76% evidence Valuation 11.0/20 · P/E 12.2× · PEG n/a · 15% evidence Relative strength 14.0/20 · Lead over its industry 39.3% · Lead over NIFTY 500 23.4% · 1 year 45.4% · 100% evidence · 9 of 12 weeks ahead Exact sum: 27.3 + 10.8 + 11 + 14 = 63.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [UltraTech Cement Ltd](https://www.sectoralpha.in/stocks/ultratech-cement-ltd) ULTRACEMCO · turning · Evidence leans up · 67% evidence 62.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.0/35 · Revenue 16.9% · Profit 21.1% · Operating margin change 0 points · 95% evidence Capital efficiency 16.9/25 · ROCE 12.7% · Operating margin 16% · 76% evidence Valuation 10.1/20 · P/E 36.6× · PEG n/a · 50% evidence Relative strength 11.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.3% · 1 year -7.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 24 + 16.9 + 10.1 + 11.2 = 62.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [JSW Cement Ltd](https://www.sectoralpha.in/stocks/jsw-cement-ltd) JSWCEMENT · basing · Evidence leans up · 60% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Revenue 19.3% · Profit 100% · Operating margin change -4 points · 95% evidence Capital efficiency 12.3/25 · ROCE 11.1% · Operating margin 15% · 76% evidence Valuation 10.4/20 · P/E 20× · PEG n/a · 15% evidence Relative strength 10.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -1.6% · 1 year -15.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 25.8 + 12.3 + 10.4 + 10.8 = 59.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Birla Corporation Ltd](https://www.sectoralpha.in/stocks/birla-corporation-ltd) BIRLACORPN · basing · Evidence leans up · 85% evidence 53.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.7/35 · Revenue 3.3% · Profit 0.6% · Operating margin change -5 points · 100% evidence Capital efficiency 12.5/25 · ROCE 9.8% · Operating margin 9% · 100% evidence Valuation 18.6/20 · P/E 11.9× · PEG 0.33 · 100% evidence Relative strength 9.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -15.4% · 1 year -34.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 12.7 + 12.5 + 18.6 + 9.4 = 53.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. Shree Cement Ltd this page SHREECEM · basing · Evidence leans up · 100% evidence 51.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 14.3% · Profit -7.7% · Operating margin change -3 points · 100% evidence Capital efficiency 14.4/25 · ROCE 10.3% · Operating margin 17% · 100% evidence Valuation 5.4/20 · P/E 52.4× · PEG 3.8 · 100% evidence Relative strength 15.8/20 · Lead over its industry 9.7% · Lead over NIFTY 500 -3.8% · 1 year -18.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.2 + 14.4 + 5.4 + 15.8 = 51.8 · What this means: Relative strength against the index is -3.8%, and revenue and profit growth are weak. 8. [Mangalam Cement Ltd](https://www.sectoralpha.in/stocks/mangalam-cement-ltd) MANGLMCEM · losing its lead · Evidence leans up · 96% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 0.5% · Profit 90% · Operating margin change -5 points · 88% evidence Capital efficiency 10.3/25 · ROCE 11% · Operating margin 12% · 100% evidence Valuation 13.9/20 · P/E 18.6× · PEG 0.68 · 100% evidence Relative strength 14.2/20 · Lead over its industry 19.2% · Lead over NIFTY 500 5.3% · 1 year 13% · 100% evidence · 7 of 12 weeks ahead Exact sum: 13.1 + 10.3 + 13.9 + 14.2 = 51.5 · What this means: Relative strength against the index is 5.3%, and revenue and profit growth are weak. 9. [JK Lakshmi Cement Ltd](https://www.sectoralpha.in/stocks/jk-lakshmi-cement-ltd) JKLAKSHMI · quiet · Too little evidence to rank firmly · 56% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue 8.7% · Profit 0.5% · Operating margin change -4 points · 83% evidence Capital efficiency 14.4/25 · ROCE 12% · Operating margin 14% · 76% evidence Valuation 10.8/20 · P/E 14.7× · PEG n/a · 15% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -24.9% · 1 year -47.8% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.5 + 14.4 + 10.8 + 8.2 = 49.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Nuvoco Vistas Corporation Ltd](https://www.sectoralpha.in/stocks/nuvoco-vistas-corporation-ltd) NUVOCO · losing its lead · Evidence leans down · 78% evidence 49.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 10.6% · Profit 51.5% · Operating margin change 0 points · 100% evidence Capital efficiency 11.2/25 · ROCE 7% · Operating margin 15% · 100% evidence Valuation 4.9/20 · P/E 25.8× · PEG 8.14 · 65% evidence Relative strength 11.6/20 · Lead over its industry n/a · Lead over NIFTY 500 1.5% · 1 year -22.7% · 25% evidence · 5 of 12 weeks ahead Exact sum: 21.4 + 11.2 + 4.9 + 11.6 = 49.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Orient Cement Ltd](https://www.sectoralpha.in/stocks/orient-cement-ltd) ORIENTCEM · basing · Evidence leans down · 93% evidence 48.2 out of 100 Growth Capital Valuation Relative
12. [India Cements Ltd](https://www.sectoralpha.in/stocks/india-cements-ltd) INDIACEM · basing · Evidence leans down · 75% evidence 47.5 out of 100 Growth Capital Valuation Relative
13. [J K Cements Ltd](https://www.sectoralpha.in/stocks/j-k-cements-ltd) JKCEMENT · quiet · Evidence leans down · 85% evidence 47.3 out of 100 Growth Capital Valuation Relative
14. [K C P Ltd](https://www.sectoralpha.in/stocks/k-c-p-ltd) KCP · basing · Evidence leans down · 63% evidence 46.8 out of 100 Growth Capital Valuation Relative
15. [The Ramco Cements Ltd](https://www.sectoralpha.in/stocks/the-ramco-cements-ltd) RAMCOCEM · quiet · Evidence leans down · 81% evidence 44.2 out of 100 Growth Capital Valuation Relative
16. [Dalmia Bharat Ltd](https://www.sectoralpha.in/stocks/dalmia-bharat-ltd) DALBHARAT · quiet · Evidence leans down · 85% evidence 42.2 out of 100 Growth Capital Valuation Relative
17. [HeidelbergCement India Ltd](https://www.sectoralpha.in/stocks/heidelbergcement-india-ltd) HEIDELBERG · quiet · Evidence leans down · 100% evidence 41.7 out of 100 Growth Capital Valuation Relative
18. [ACC Ltd](https://www.sectoralpha.in/stocks/acc-ltd) ACC · quiet · Evidence leans down · 85% evidence 40.4 out of 100 Growth Capital Valuation Relative
19. [Ambuja Cements Ltd](https://www.sectoralpha.in/stocks/ambuja-cements-ltd) AMBUJACEM · basing · Evidence leans down · 82% evidence 35.7 out of 100 Growth Capital Valuation Relative
20. [BIGBLOC Construction Ltd](https://www.sectoralpha.in/stocks/bigbloc-construction-ltd) BIGBLOC · basing · Evidence leans down · 64% evidence 35.2 out of 100 Growth Capital Valuation Relative
21. [Sagar Cements Ltd](https://www.sectoralpha.in/stocks/sagar-cements-ltd) SAGCEM · quiet · Most evidence points down · 64% evidence 34.7 out of 100 Growth Capital Valuation Relative
22. [Deccan Cements Ltd](https://www.sectoralpha.in/stocks/deccan-cements-ltd) DECCANCE · quiet · Most evidence points down · 89% evidence 34.0 out of 100 Growth Capital Valuation Relative
23. [Saurashtra Cement Ltd](https://www.sectoralpha.in/stocks/saurashtra-cement-ltd) SAURASHCEM · quiet · Most evidence points down · 79% evidence 28.1 out of 100 Growth Capital Valuation Relative
24. [Shree Digvijay Cement Co. Ltd](https://www.sectoralpha.in/stocks/shree-digvijay-cement-co-ltd) SHREDIGCEM · quiet · Most evidence points down · 72% evidence 27.2 out of 100 Growth Capital Valuation Relative
25. [Shiva Cement Ltd](https://www.sectoralpha.in/stocks/shiva-cement-ltd) SHIVACEM · Too little evidence to rank firmly · 48% evidence 51.0 out of 100 Growth Capital Valuation Relative
26. [Prism Johnson Ltd](https://www.sectoralpha.in/stocks/prism-johnson-ltd) PRSMJOHNSN · basing · Too little evidence to rank firmly · 49% evidence 44.2 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Cement](https://www.sectoralpha.in/sectors/cement), all 26 compared on one page. ## Which companies are close to Shree Cement in size? Shree Cement is the 3rd largest of 26 Cement companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: UltraTech Cement and Ambuja Cements. Just below it: J K Cements, Dalmia Bharat, ACC and The Ramco Cements. ### Cement companies close in size

1. [UltraTech Cement Ltd](https://www.sectoralpha.in/stocks/ultratech-cement-ltd) ₹3,25,473 crore
2. [Ambuja Cements Ltd](https://www.sectoralpha.in/stocks/ambuja-cements-ltd) ₹86,484 crore
3. Shree Cement Ltd ₹82,968 crore
4. [J K Cements Ltd](https://www.sectoralpha.in/stocks/j-k-cements-ltd) ₹36,977 crore
5. [Dalmia Bharat Ltd](https://www.sectoralpha.in/stocks/dalmia-bharat-ltd) ₹24,875 crore
6. [ACC Ltd](https://www.sectoralpha.in/stocks/acc-ltd) ₹21,220 crore
7. [The Ramco Cements Ltd](https://www.sectoralpha.in/stocks/the-ramco-cements-ltd) ₹17,005 crore

[All 26 Cement companies, largest first](https://www.sectoralpha.in/sectors/cement#all-companies)

### Companies close in size in other industries

1. [Godrej Consumer Products Ltd](https://www.sectoralpha.in/stocks/godrej-consumer-products-ltd) ₹83,719 crore · FMCG - Personal Care
2. [Max Healthcare Institute Ltd](https://www.sectoralpha.in/stocks/max-healthcare-institute-ltd) ₹83,705 crore · Hospitals
3. Shree Cement Ltd ₹82,968 crore
4. [Bharti Hexacom Ltd](https://www.sectoralpha.in/stocks/bharti-hexacom-ltd) ₹81,810 crore · Telecom Services
5. [Multi Commodity Exchange of India Ltd](https://www.sectoralpha.in/stocks/multi-commodity-exchange-of-india-ltd) ₹81,312 crore · Exchanges

## What else do people ask about Shree Cement? ### What is Shree Cement's share price today? Shree Cement Ltd's share price is ₹23,910.00, −15.5% over the past year. The whole company is worth ₹86,269 Cr on the market. In the last 52 weeks it traded between ₹21,900 to ₹27,840; today it is 34% of the way up from the low, 3.7% below its 200-day average (as of 3 November 2026). ### What were Shree Cement's latest quarterly results? Shree Cement Ltd reported revenue of ₹5,897 Cr and net profit of ₹263 Cr for the Sep 2026 quarter. Revenue rose 23.9% and profit fell 15.2% compared with a year earlier. Earnings per share were ₹72.57. The operating margin was 17.0%, 3.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Shree Cement's market cap? Shree Cement Ltd's market capitalisation is ₹86,269 Cr at a share price of ₹23,910.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Shree Cement performing? Shree Cement Ltd's share price has been falling for 50 weeks. In its latest quarter, revenue rose 23.9% and profit fell 15.2% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 13 weeks running (as of 3 November 2026). ### Will Shree Cement's share price go up? This page does not forecast Shree Cement Ltd's share price. What it shows instead: the share price is ₹23,910.00, and it has been falling for 50 weeks. Its P/E of 54.5× is higher than 70% of its own last 11 years (as of 3 November 2026). ### Does Shree Cement have too much debt? No, Shree Cement Ltd has little debt: its debt is 0.08× its equity, and its operating profit is 22 times its interest bill. FY26 borrowings were ₹1,868 Cr against equity of ₹23,267 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Shree Cement in its business cycle? Shree Cement Ltd's FY26 operating margin was 22.0%, against a 13-year range of 17.0% to 30.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 17.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Shree Cement story? The main question: yearly earnings per share moved +55.3% while the share price moved −15.5%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Shree Cement a stock worth studying right now? What the numbers show: Shree Cement Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Shree Cement share price forecast for 2026? What management itself guided: FY27 India sales volume 40-41 million tons; UAE sales 4-5 million tons, with the new mill at 15-20% first-year utilization, 1-2 percentage-point margin premium and 2-3 years to maximum sales. ## Lists

- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

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