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Share price of Shree Cements falls as Sensex drops 558.79 points

The share price of Ltd. dropped 0.53 per cent to Rs 27941.85 at 01:35PM (IST) in Monday’s trade. The stock has hit a high of Rs 28140.05 and low of Rs 27840.7 so far during the session. The stock had closed at Rs 28091.05 in the previous session.

The counter has had a total traded volume of 4928 shares so far with a value of Rs 13.83 crore on the NSE. It traded at a price-to-earnings multiple of 44.09 and a price-to-book ratio of 4.81.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 25.54 per cent during the past one year, while the 30-share index advanced 42.03 per cent during the same period.

Shree Cements Ltd. belongs to the Cement – North industry.

Promotor/FII Holding

Promoters held 62.55 per cent stake in the company as of 31-Mar-2021, while overseas investors and domestic institutional investors ownership stood at 12.51 per cent and 8.3 per cent, respectively.

Key Financials

The company reported consolidated net sales of Rs 4333.37 crore for the quarter ended 31-Mar-2021, up 18.74 per cent from the previous quarter’s Rs 3649.38 crore and up 23.34 per cent from the year-ago quarter’s Rs 3513.31 crore.

Profit for the latest quarter stood at Rs 798.43 crore, up 48.98 per cent from the same quarter a year ago.

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