Governance Neutral

2026-05-28 19:30

Shree Cement Limited announced the advancement of Mr. Gaurav Jain's appointment as Head - Corporate Affairs (Senior Management Person) from June 20, 2026, to June 1, 2026. Due to revised terms, the requirement for shareholders' approval for this appointment is no longer applicable. Mr. Jain is a relative of the company's promoters, Mr. H.M. Bangur (Chairman) and Mr. Prashant Bangur (Vice Chairman).

Business Update Negative

2026-05-16 12:54

CRITICAL RED FLAG DETECTED

Shree Cement Limited received a Final Assessment Order on May 15, 2026, from the Income Tax Authority for FY 2022-23, raising a demand of Rs. 153.47 Crores (including interest) due to disallowances. The company is taking remedial actions and expects the entire demand to subside, anticipating no impact on its financial, operations, or other activities.

Business Update Positive

2026-05-13 17:15

Shree Cement Limited announced an upgrade in its ESG rating score from 70.8 to 73.8 by CARE ESG Ratings Limited, with the 'CareEdge-ESG 1' symbol reaffirmed. This upgrade, communicated on May 13, 2026, reflects the company's strengthened sustainability practices, operational efficiency, and governance oversight.

Business Update Negative

2026-05-12 16:50

CRITICAL RED FLAG DETECTED

Shree Cement Limited received a GST demand order on May 11, 2026, from the Assistant Commissioner, Central GST & Central Excise, Pali, for alleged non-payment of service tax totaling Rs. 39,19,286/-, plus interest and penalty. The company disputes the order, believing it has a strong case on merits, and states it does not anticipate a major financial impact. An appeal will be filed before the Commissioner (Appeals) within two months.

Business Update Positive

2026-05-11 17:48

Shree Cement aims for 8%-8.5% cement demand growth in FY27, targeting 40 million tons volume, expecting industry growth of 7.1%-7.2%. The company is sticking to its depreciation guidance of INR 1,600-1,700 crores for FY27. Capex for FY27 is estimated at INR 1,500 crores, focusing on RMC plant expansion, railway sidings, and initial work for the Meghalaya cement plant (0.95 MT clinker, 0.99 MT cement, part of a larger 4-4.5 MT capacity plan with an overall capex of INR 1,800 crores). Management anticipates fuel cost to increase by 10-12% and packing cost by INR 100 per ton in Q1 FY27, but aims to pass on costs to maintain profitability. The company maintains a strong net cash position of INR 6,400 crores and has recommended a total dividend of INR 150 per share for FY26 (up 36% YoY).

Business Update Neutral

2026-05-06 21:34

Shree Cement Limited announced that the audio recording of its earnings conference call, held on May 6, 2026, discussing the financial results for the quarter ended March 31, 2026, has been uploaded on the company's website and is available via a provided link.

Governance Neutral

2026-05-06 18:06

Shree Cement announced that Mr. Sanjay Mehta, President Procurement & Corporate Affairs and Senior Management Personnel, will superannuate on August 31, 2026. Concurrently, Mr. Gaurav Jain has been appointed as Head – Corporate Affairs, effective June 20, 2026, subject to shareholder approval. Mr. Jain is a relative of the Chairman and Vice Chairman (Promoters).

Financials Positive

2026-05-06 17:12

Shree Cement announced Q4 FY26 consolidated results with Net Revenue from Operations at ₹6,101 Cr vs ₹5,532 Cr (▲10% YoY), Operating Profit (EBITDA) at ₹1,384 Cr vs ₹1,429 Cr (▼3% YoY), and Profit after Tax (PAT) at ₹528 Cr vs ₹575 Cr (▼8% YoY). EBITDA Margin stood at 22.7% vs 25.8% (▼315 bps). The company reported 11% YoY cement sale volume growth, commissioned a new 3.65 MTPA clinker and 3.50 MTPA cement plant, increasing total capacity to 69.3 MTPA (making it India's 3rd largest cement group), and recommended a final dividend of ₹70 per share, leading to a total FY26 dividend of ₹150 per share (▲36% YoY).

Financials Positive

2026-05-06 17:07

Standalone Revenue for the quarter ended March 31, 2026, was ₹5,642.95Cr vs ₹5,240.15Cr (▲7.7% YoY), EBITDA ₹1,362.51Cr vs ₹1,531.41Cr (▼11.0% YoY), PAT ₹531.99Cr vs ₹555.98Cr (▼4.3% YoY). EBITDA Margin 24.1% vs 29.2% (▼510bps). The Board also recommended a final dividend of Rs. 70/- per equity share for FY 2025-26, subject to shareholder approval.

Financials Positive

2026-05-06 16:54

Standalone Revenue ₹5,643Cr vs ₹5,240Cr (▲7.7% YoY), EBITDA ₹1,363Cr vs ₹1,531Cr (▼11.0% YoY), PAT ₹532Cr vs ₹556Cr (▼4.3% YoY). EBITDA Margin 24.2% vs 29.2% (▼500bps). Board also recommended a final dividend of Rs. 70/- per equity share for FY 2025-26.

Business Update Positive

2026-05-01 17:10

CARE Ratings Limited has reaffirmed the credit rating for Shree Cement Limited's Commercial Paper of ₹1,000 Crore at CARE A1+.

Business Update Negative

2026-04-30 19:06

CRITICAL RED FLAG DETECTED

Shree Cement announced that the Commissioner (Appeals) dismissed its appeal against a demand order from the Assistant Commissioner, Pali Division, reinstating a penalty of Rs. 3,59,831/- for 'wrong availment of Cenvat Credit'. The dismissal was for technical reasons. The company stated the order has no major financial impact and is reviewing the order with legal advisors to evaluate next steps, which may include filing an appeal before the Tribunal.

Routine Positive

2026-04-28 15:00

Shree Cement Limited announced that CRISIL Ratings Limited has reaffirmed its 'Crisil A1+' credit rating for Commercial Paper amounting to ₹1,000.00 Crores on April 28, 2026.

Financials Neutral

2026-04-22 19:13

Shree Cement Ltd. announced a revised intimation for its Q4 FY26 earnings conference call, hosted by ICICI Securities, scheduled for May 6, 2026, at 5:30 PM IST. The call will discuss financial results for the quarter ended March 31, 2026.

Financials Neutral

2026-04-22 16:14

Shree Cement Limited announced a conference call hosted by ICICI Securities on May 6, 2026, at 5:30 P.M. IST, to discuss the Company's Financial Results for the Quarter ended March 31, 2026 (Q4FY26).

Business Update Negative

2026-04-16 17:47

CRITICAL RED FLAG DETECTED

Shree Cement received a GST demand order of ₹8.30 Crores from the Commissioner, Central GST & Central Excise, Jodhpur, for alleged non-payment of Service Tax. The company disputes the demand, believes it has a strong case, and will file an appeal, stating the order does not have a major financial impact.

Routine Neutral

2026-04-07 16:33

Shree Cement Limited submitted the Confirmation Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026. The Registrar and Share Transfer Agent confirmed timely processing of dematerialised securities.

Business Update Positive

2026-04-04 21:01

Shree Cement's Board approved setting up an Integrated Cement Plant in Meghalaya with 0.95 MTPA clinker and 0.99 MTPA cement capacity. Estimated investment is Rs. 1800 crores, to be funded via internal accruals and debt, with commissioning by March 2028 for business expansion.

Business Update Negative

2026-04-01 21:54

CRITICAL RED FLAG DETECTED

Shree Cement received a draft Income Tax Assessment Order for FY 2022-23 on March 31, 2026, proposing disallowances and additions that could lead to a demand of ~₹149 Cr. The company plans to file objections, believing the disallowances are unsustainable and expect no major financial impact.

Financials Positive

2026-03-25 10:57

Board meeting to be held on May 6, 2026, to approve audited Q4 and FY2026 consolidated and standalone financial results, and consider a final dividend. Trading window closes from April 1, 2026, till May 8, 2026.

Business Update Negative

2026-03-24 13:26

CRITICAL RED FLAG DETECTED

Shree Cement received a demand order on March 23, 2026, from the Mining Engineer, Rajasthan, imposing a penalty of Rs 68.56 lacs for delayed compliance with mining rules from 2013. The company states it has no major financial impact and will take legal action.

Governance Neutral

2026-03-23 16:21

Shree Cement Limited's shareholders approved the re-appointment of Mr. Hari Mohan Bangur as Whole Time Director and Chairman for 5 years from April 1, 2026. The resolution was passed via postal ballot on March 20, 2026, with 86.42% votes in favour.

Business Update Positive

2026-03-18 19:17

Shree Cement Limited has incorporated a Wholly Owned Subsidiary, Shree Cement (Mauritius) Limited, in Mauritius on March 18, 2026, with an initial authorized capital of MUR 5,000,000.

Business Update Positive

2026-03-17 18:22

Shree Cement Limited has been declared the Preferred Bidder for a limestone mining lease in Dommarnandyala, YSR Kadapa District, Andhra Pradesh. The block spans 373 hectares, securing crucial raw materials for the company.

Business Update Positive

2026-03-17 07:41

Shree Cement Limited's Business Operations Committee approved the incorporation of a Wholly Owned Subsidiary in Mauritius on March 16, 2026. Named Shree Cement (Mauritius) Limited, it will be 100% owned and focus on cement, blending, storage, packaging, and trading activities, with an initial authorized capital of MUR 5,000,000.

Business Update Positive

2026-03-14 19:08

On March 14, 2026, Shree Cement fully commissioned its integrated cement plant at Kodla, Karnataka, with the Cement Mill. The plant's capacity is now 3.50 MTPA, increasing total Kodla capacity to 6.50 MTPA and overall India Cement Capacity close to 70 MTPA.

Business Update Negative

2026-02-25 12:31

CRITICAL RED FLAG DETECTED

Shree Cement received a GST demand order of ₹7.79 crore along with an equal penalty from the Joint Commissioner, Central Tax & Central Excise, Belagavi, for wrong availment of input tax credit. The company does not agree with the order and plans to file an appeal.

Business Update Positive

2026-02-24 13:12

Shree Cement Limited has commissioned a new Clinkerisation section with a capacity of 3.65 MTPA at its integrated cement plant in Kodla, Karnataka. This increases the total clinker capacity at Kodla to 7.15 MTPA.

Governance Neutral

2026-02-18 18:49

Shree Cement Limited issued a Postal Ballot Notice to seek members' consent for the re-appointment of Mr. Hari Mohan Bangur as Whole Time Director and Chairman for a period of 5 years, commencing April 1, 2026. Remote e-voting will be open from February 19, 2026, to March 20, 2026.

Business Update Positive

2026-02-12 19:57

Shree Cement's Q3 FY26 earnings call noted improved realization (INR 4,652 vs INR 4,554 YoY for Dec quarter) and strong Dec '25 volumes (3.3 MT). The company plans to add 26-30 RMC plants by Sep '26 with a ₹500 Cr capex in FY26, and achieved ~61% renewable energy usage, reducing fuel costs.

Business Update Neutral

2026-02-06 20:43

Shree Cement Limited announced the uploading of the audio recording of its earnings conference call, held on February 6, 2026. The call discussed the financial results for the quarter ended December 31, 2025, and the recording is available on the company's website.

Governance Positive

2026-02-06 17:31

Shree Cement's Board re-appointed Mr. Hari Mohan Bangur as Chairman (Whole Time Director) for a period of 5 years, effective from April 1, 2026, subject to members' approval. He is an award-winning, experienced leader.

Financials Positive

2026-02-06 16:44

Standalone Revenue ₹4,416Cr vs ₹4,235Cr (▲4% YoY), EBITDA ₹917Cr vs ₹947Cr (▼3% YoY), PAT ₹279Cr vs ₹229Cr (▲21% YoY). EBITDA Margin 20.76% vs 22.36% (▼160 bps).

Financials Positive

2026-02-06 16:33

Consolidated Revenue ₹4800.52Cr vs ₹4572.68Cr (▲5.0% YoY), EBITDA ₹947.31Cr vs ₹964.80Cr (▼1.8% YoY), PAT ₹267.65Cr vs ₹193.72Cr (▲38.2% YoY). EBITDA Margin 19.73% vs 21.10% (▼137bps).

Financials Positive

2026-02-06 16:25

Shree Cement Limited reported Standalone Revenue of ₹4,416.39Cr vs ₹4,235.49Cr (▲4.3% YoY), EBITDA of ₹987.14Cr vs ₹1,061.45Cr (▼7.0% YoY), and PAT of ₹278.61Cr vs ₹229.41Cr (▲21.5% YoY) for the quarter ended 31st December 2025. EBITDA Margin was 22.35% vs 25.06% (▼271bps). PAT growth was notably supported by a 21.7% YoY reduction in Depreciation & Amortization. A new integrated cement plant was fully commissioned during the quarter.

SHREECEM

SHREE CEMENT LIMITED

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