Financials Shree Cement Limited

Equities

SHREECEM

INE070A01015

Construction Materials

Delayed NSE India S.E. Other stock markets 05:10:31 09/09/2024 pm IST			5-day change	1st Jan Change
25,798.60 ^INR	+0.73%		+1.46%	-9.96%

31/08	Shreekant Somany Ceases to Be Independent Director of Shree Cement Limited	CI
30/08	Shree Cement Limited Receives Gst Demand Order from the Assistant Commissioner, State Tax, Mohali, Punjab	CI

Projected Income Statement: Shree Cement Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,19,040	1,25,884	1,43,059	1,68,375	1,95,855	2,00,701	2,27,218	2,53,189
Change	-	5.75%	13.64%	17.7%	16.32%	2.47%	13.21%	11.43%
EBITDA ¹	36,745	39,547	36,478	29,423	43,635	43,881	53,018	59,904
Change	-	7.63%	-7.76%	-19.34%	48.31%	0.56%	20.82%	12.99%
EBIT ¹	19,751	28,148	26,114	13,961	27,489	23,431	30,406	33,973
Change	-	42.51%	-7.23%	-46.54%	96.9%	-14.76%	29.77%	11.73%
Interest Paid ¹	-2,865	-2,471	-2,178	-2,689	-2,643	-2,121	-2,143	-2,030
Earnings before Tax (EBT) ¹	19,602	30,257	29,309	15,586	30,456	25,689	32,601	35,382
Change	-	54.36%	-3.13%	-46.82%	95.4%	-15.65%	26.91%	8.53%
Net income ¹	15,702	23,119	23,766	13,281	24,684	20,366	25,358	27,731
Change	-	47.24%	2.8%	-44.12%	85.86%	-17.49%	24.51%	9.36%
Announcement Date	08/05/20	21/05/21	21/05/22	22/05/23	14/05/24	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1
Net sales ¹	30,364	28,017	28,483	32,175	23,258	30,224	33,094	39,308	34,495	32,059	35,518	40,988	42,027	37,809	40,688	47,851	49,991	45,846	49,008	51,010	48,347	43,743	51,330	55,320	56,928
Change	-	-7.73%	1.66%	12.96%	-27.72%	29.95%	9.5%	18.78%	-12.24%	-7.06%	10.79%	15.4%	2.54%	-10.04%	7.61%	17.61%	4.47%	-8.29%	6.9%	4.08%	-5.22%	-12.59%	17.34%	7.77%	2.91%
EBITDA ¹	9,022	8,442	8,493	10,789	7,006	9,880	10,890	11,772	10,135	8,982	8,205	9,106	8,188	5,230	7,080	8,924	9,326	8,700	12,337	13,272	9,164	8,037	12,200	14,300	-
Change	-	-6.43%	0.61%	27.03%	-35.06%	41.02%	10.22%	8.1%	-13.9%	-11.38%	-8.65%	10.98%	-10.08%	-36.12%	35.36%	26.06%	4.5%	-6.71%	41.8%	7.58%	-30.96%	-30.84%	51.8%	17.21%	-100%
EBIT ¹	4,995	4,158	4,171	6,426	4,292	7,094	7,983	8,779	7,810	6,477	5,684	6,093	4,909	1,602	2,944	4,505	6,241	5,386	8,871	6,991	2,736	-	-	-	-
Change	-	-16.75%	0.31%	54.06%	-33.21%	65.26%	12.54%	9.96%	-11.03%	-17.07%	-12.23%	7.18%	-19.43%	-67.36%	83.72%	53.04%	38.52%	-13.71%	64.71%	-21.19%	-60.87%	-100%	-	-	-
Charge d'intérêts ¹	-680.4	-717.4	-741.3	-726.1	-	-627.4	-585.2	-552.8	-535.2	-555.7	-551.4	-535.5	-573.3	-675.6	-714.3	-726.1	-753.3	-681.3	-561.1	-647.6	-573	-600	-500	-500	-
Earnings before Tax (EBT) ¹	4,826	4,018	4,079	6,678	4,831	7,490	8,466	9,469	8,667	7,420	6,284	6,938	4,120	2,493	3,842	5,132	7,105	5,965	9,664	7,722	3,508	2,700	7,500	9,200	-
Change	-	-16.74%	1.52%	63.71%	-27.66%	55.04%	13.03%	11.85%	-8.48%	-14.38%	-15.31%	10.4%	-40.62%	-39.49%	54.13%	33.58%	38.44%	-16.04%	62%	-20.09%	-54.57%	-64.55%	177.78%	22.67%	-100%
Net income ¹	3,630	3,090	3,100	5,882	3,708	5,472	6,262	7,676	6,617	5,777	4,920	6,452	3,156	1,896	2,768	5,462	5,811	4,913	7,342	6,618	3,177	2,100	5,800	7,200	-
Change	-	-14.87%	0.29%	89.76%	-36.95%	47.59%	14.43%	22.58%	-13.8%	-12.7%	-14.84%	31.14%	-51.09%	-39.91%	45.98%	97.35%	6.39%	-15.45%	49.44%	-9.87%	-51.99%	-61.21%	176.19%	24.14%	-100%
Announcement Date	09/08/19	19/10/19	14/02/20	08/05/20	10/08/20	11/11/20	30/01/21	21/05/21	09/08/21	29/10/21	04/02/22	21/05/22	28/07/22	14/10/22	08/02/23	22/05/23	26/07/23	07/11/23	31/01/24	14/05/24	06/08/24	-	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 S1	2022 S1
Net sales ¹	53,482	66,554
Change	-	24.44%
EBITDA ¹	16,886	19,117
Change	-	13.21%
EBIT	-	-
Change	-	-
Charge d'intérêts	-	-
Earnings before Tax (EBT) ¹	12,322	16,087
Change	-	30.56%
Net income ¹	9,180	12,394
Change	-	35.01%
Announcement Date	11/11/20	29/10/21

¹INR in Million

Estimates

Forecast Balance Sheet: Shree Cement Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-10,512	-22,989	-18,090	-12,294	-42,466	-59,218	-56,948	-72,586
Change	-	-318.69%	-178.69%	-167.96%	-445.42%	-239.45%	-196.17%	-227.46%
Announcement Date	08/05/20	21/05/21	21/05/22	22/05/23	14/05/24	-	-	-

¹INR in Million

Estimates

Cash Flow Forecast: Shree Cement Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	12,851	9,924	19,694	28,053	27,568	41,991	42,759	41,471
Change	-	-22.78%	98.46%	42.44%	-1.73%	52.32%	1.83%	-3.01%
Free Cash Flow (FCF) ¹	24,663	31,012	7,534	-1,010	5,468	-1,086	4,114	8,072
Change	-	25.75%	-75.71%	-113.4%	-641.67%	-119.85%	-478.98%	96.22%
Announcement Date	08/05/20	21/05/21	21/05/22	22/05/23	14/05/24	-	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: Shree Cement Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	30.87%	31.42%	25.5%	17.47%	22.28%	21.86%	23.33%	23.66%
EBIT Margin (%)	16.59%	22.36%	18.25%	8.29%	14.04%	11.67%	13.38%	13.42%
EBT Margin (%)	16.47%	24.04%	20.49%	9.26%	15.55%	12.8%	14.35%	13.97%
Net margin (%)	13.19%	18.37%	16.61%	7.89%	12.6%	10.15%	11.16%	10.95%
FCF margin (%)	20.72%	24.64%	5.27%	-0.6%	2.79%	-0.54%	1.81%	3.19%
FCF / Net Income (%)	157.07%	134.14%	31.7%	-7.6%	22.15%	-5.33%	16.22%	29.11%
Profitability
ROA	9.09%	11.45%	10.69%	5.4%	9.27%	6.5%	6.3%	5.4%
ROE	13.94%	16.4%	14.62%	7.47%	12.77%	9.56%	10.79%	10.86%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	10.8%	7.88%	13.77%	16.66%	14.08%	20.92%	18.82%	16.38%
CAPEX / EBITDA (%)	34.97%	25.09%	53.99%	95.34%	63.18%	95.69%	80.65%	69.23%
CAPEX / FCF (%)	52.11%	32%	261.39%	-2,778.87%	504.15%	-3,868.11%	1,039.34%	513.74%
Items per share
Cash flow per share ¹	1,063	1,135	766.1	749.5	915.6	998.7	1,264	1,434
Change	-	6.7%	-32.48%	-2.16%	22.16%	9.07%	26.56%	13.49%
Dividend per Share ¹	110	60	90	100	105	97.08	108.1	123.8
Change	-	-45.45%	50%	11.11%	5%	-7.54%	11.33%	14.58%
Book Value Per Share ¹	3,585	4,227	4,787	5,069	5,650	6,102	6,660	7,217
Change	-	17.88%	13.25%	5.89%	11.46%	8%	9.14%	8.37%
EPS ¹	445.1	640.8	668.7	368.1	684.1	564.5	703	768.6
Change	-	43.97%	4.36%	-44.95%	85.86%	-17.49%	24.54%	9.34%
Nbr of stocks (in thousands)	36,081	36,081	36,081	36,081	36,081	36,081	36,081	36,081
Announcement Date	08/05/20	21/05/21	21/05/22	22/05/23	14/05/24	-	-	-