About the Company:
Shree Cement is primarily an Indian cement manufacturer. It was founded in Beawar in the Ajmer district of Rajasthan in the year 1979 and now headquartered in Kolkata, is one of the biggest cement makers in Northern India. It also produces and sells power under the name Shree Power and Shree Mega Power.
QoQ & YoY Performance:
India’s leading cement manufacturing company in North India has declared the results for the third quarter of the fiscal year ending March 2020.
- QoQ Performance: Consolidated Net revenue of the company reported to Rs.3146.01 Crores rose by almost 4.71% in the December quarter of FY20. Total expenditure (excluding interest and depreciation expenses) stood at Rs.2266.42 Crores is increased by 6.45%. EBITDA numbers increased by 1.21%.
- YoY Performance: The Company has reported a growth of just 0.20% in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company has witnessed a downtick of 4.51%. EBITDA numbers also soar by 14.97%.
- The profitability of the company: Profit after tax of the company resulted in a gain of Rs.311.83 Crores reduced by 0.47% QoQ and down by 5.46% YoY.
- Interim Dividend: Board declared Interim dividend of Rs. 110 per equity share of Rs. 10 each for the Financial Year2019-20 which includes RS.70 per equity share as normal dividend and Rs. 40 per equity share as an additional dividend for the FY 2019-20.
As per Lokesh Sethia, SEBI Registered Research Analyst, the Shree Cement is currently trading at Rs.24130 per share, the company’s combined financial performance reflecting very good strength in the income statement. So it seems like stock price can be touch 28400 levels in the near future. So our recommendation for Shree Cement is to buy.
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