Expanding footprint largely in existing markets

Company
27 Mar 2024
5 Min read 
  • Shree Cement is expanding its capacity in existing markets and focusing on improving brand equity.
  •  The company plans to reach a grinding capacity of 65mtpa/75mtpa by FY26E/FY27E.
  •  Shree Cement is one of the lowest-cost producers in the cement industry.
  •  The company has revamped its brand strategy and launched Bangur as the master brand.
  •  EBITDA estimates for FY25/26 have been cut due to pricing pressure.
  •  The stock currently trades at 18x/16x FY25E/FY26E EV/EBITDA.
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