- Shree Cement‘s net income for the third quarter was 2.29 billion rupees, which is a 69% decrease compared to the previous year and below the estimated 2.5 billion rupees.
- Revenue fell by 13% year-over-year to 42.4 billion rupees, missing the expected 44.4 billion rupees.
- Total costs were reported at 40.9 billion rupees, marking a slight increase of 0.5% from the previous year.
- Raw material costs decreased by 18% from last year, amounting to 3.71 billion rupees, lower than the estimated 4.49 billion rupees.
- The company saw a significant 28% decrease in power and fuel expenses, totaling 9.13 billion rupees, falling short of the projected 12.42 billion rupees.
- Freight and forwarding expenses increased by 2% year-over-year to 9.92 billion rupees, slightly below the estimate of 10.67 billion rupees.
- Other income saw a decline of 15% from the previous year, coming in at 1.15 billion rupees.
- The company announced a dividend of 50 rupees per share.
- Market analysts’ recommendations include 15 buy ratings, 18 hold ratings, and 9 sell ratings for Shree Cement.
A look at Shree Cement Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Shree Cement‘s long-term outlook appears promising based on the Smartkarma Smart Scores assessment. With a solid score in resilience, indicating the company’s ability to weather challenges, and a high momentum score, reflecting its positive price trend, Shree Cement seems well-positioned for future growth. Additionally, the company receives average scores for value, dividend, and growth, suggesting a decent overall performance in these areas. Shree Cement‘s focus on manufacturing and selling cement products in Northern India under its own brands adds to its stability and potential for continued success in the industry.
Considering the Smartkarma Smart Scores for Shree Cement, the company shows strength in key areas that bode well for its long-term prospects. With a notable emphasis on resilience and momentum, Shree Cement demonstrates the ability to withstand challenges and capitalise on market trends. While the company’s scores for value, dividend, and growth are average, they contribute to the overall positive outlook. Shree Cement‘s core business of manufacturing and selling cement products in Northern India under its established brand names further solidifies its position as a reliable player in the sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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