Share price of Shree Cements falls as Sensex drops 307.94 points

Share price of Shree Cements Ltd. dropped 0.25 per cent to Rs 24181.8 at 11:42AM (IST) in Wednesday's trade. The scrip hit a high of Rs 24218.3 and low of Rs 24135.55 so far during the session. The stock had closed at Rs 24241.5 in the previous session.

The counter had a total traded volume of 11:42AM shares so far with a turnover of Rs 966.0 crore on BSE. The stock traded at a price-to-earnings multiple of 55.5 and a price-to-book ratio of 5.07.

A higher price-to-earnings 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 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 12.62 per cent and 11.73 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 5233.9 crore for the quarter ended 30-Jun-2023, down 0.23 per cent from the previous quarter's Rs 5245.91 crore and down 19.09 per cent from the year-ago quarter's Rs 4394.75 crore.

Its profit for the latest quarter stood at Rs 572.3 crore, up 104.76 per cent from the same quarter a year ago.