'Buy' Shree Cement Shares Maintains ICICI Securities — Here's Why

Shree Cement’s stance (of value over volume) resonates with the brokerage's hypothesis around easing competitive intensity driving margin expansion. Given the improving outlook, ICICI Securities continues to value Shree Cement at 19 times FY27E EV/Ebitda and maintain Buy with a target price of Rs 35,330..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Shree Cement Ltd.’s FY26 playbook, as articulated by Chairman Mr HM Bangur in a recent media interview, seems decisive and leaves little room for ambiguity. Prioritising ‘value over volume’, Shree Cement has guided: 2–3% volume growth vs 7–8% estimated for industry; a target Ebitda/tonne of Rs 1,400 – being broadly at par with Q4 FY25 (FY25 stood Rs 1,070/t). The volume guidance corroborates our channel-check findings viz., Shree Cement restraining its volume-push and focussing not just on higher pricing, but also on narrowing the gap with larger peers. .Further, cash-rich Shree Cement has hinted at a special reward for shareholders in year 2025 (incidentally marks Shree Cement’s 40th anniversary since commencing operations). By and large, the company’s stance (value over volume) is in sync with our December 2024 sector upgrade hypothesis of a pronounced tapering in industry-wide competitive intensity. The improving margin outlook for the sector keeps us as enthused as before; maintain Buy with an unchanged target price of Rs 35,330..Click on the attachment to read the full report:.India's Corporate Profit-To-GDP Standing Tall At A 17-Year High — Read Motilal Oswal's Analysis.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

'Buy' Shree Cement Shares Maintains ICICI Securities — Here's Why

Given the improving outlook, ICICI Securities continues to value Shree Cement at 19 times FY27E EV/Ebitda and maintain Buy with a target price of Rs 35,330.

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