Share price of Shree Cements falls as Sensex gains 562.74 points

Share price of Shree Cements Ltd. dropped 1.09 per cent to Rs 25222.0 at 12:58PM (IST) in Wednesday's trade. The counter hit a high of Rs 25858.2 and low of Rs 25158.15 so far during the session. The stock had closed at Rs 25501.0 in the previous session.

The counter had a total traded volume of 12:58PM shares so far with a turnover of Rs 3.06 crore on BSE. The stock traded at a price-to-earnings multiple of 34.7 and a price-to-book ratio of 6.91.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Shree Cements Ltd. belongs to the Cement - North industry.

Promotor/FII Holding
Promoters held 62.55 per cent stake in the company as of 31-Dec-2021, while overseas investors and domestic institutional investors ownership stood at 13.05 per cent and 10.5 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3526.95 crore for the quarter ended 30-Sep-2021, down 6.59 per cent from the previous quarter's Rs 3775.94 crore and down 5.18 per cent from the year-ago quarter's Rs 3353.33 crore.

Its profit for the latest quarter stood at Rs 562.83 crore, up 6.8 per cent from the same quarter a year ago.