Cement Manufacturer Commissioned a Clinker Grinding Unit by Way of Brownfield Expansion at Chhattisgarh

The company has a market cap of over Rs 1 lakh and the stock is up 31.5 per cent from its 52-week low of Rs 23,500.15 per share.

Shree Cement Ltd has today (i.e. on April 20, 2025) commissioned a Clinker Grinding Unit of 3.40 MTPA by way of brownfield expansion at Baloda Bazar, Raipur, Chhattisgarh. Earlier, the company had commenced commercial production at its clinker grinding unit with having capacity of 3.0 MTPA set up at Village - Nigoh Hasanpur, Etah, Uttar Pradesh.

Shree Cement Ltd stands as a significant player in the Indian cement industry, recognised as one of the nation's most cost-efficient producers. Holding the position of the 3rd largest cement manufacturer in India, the company boasts an impressive installed capacity of 46.4 million tonnes per annum. Their diverse product portfolio caters to various construction needs, featuring popular brands like Bangur Rockstrong and Bangur Powermax, offering cement types such as Portland Pozzolana Cement, Ordinary Portland Cement, and Portland Slag Cement.

Additionally, Shree Cement demonstrates a commitment to sustainability with its Green Pro Ecolabel-certified Shree Heat Shield AAC blocks. As of March 2025, the promoters own 62.56 per cent stake, FIIs own 9.70 per cent stake, DIIs own 15.07 per cent stake, the Government own 0.25 per cent stake and the remaining 12.42 per cent stake is owned by public shareholders.

The shares of the company have a PE of 91x, an ROE of 12 per cent and an ROCE of 15 per cent. The company has been maintaining a healthy dividend payout of 19.4 per cent with a current debt of just Rs 1,682 crore. The company has a market cap of over Rs 1 lakh and the stock is up 31.5 per cent from its 52-week low of Rs 23,500.15 per share. Investors should keep an eye on this cement stock.

Disclaimer: The article is for informational purposes only and not investment advice.