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Shree Cement — Earnings Growth, Superior Profitability Priced In, Says Motilal Oswal Maintaining 'Neutral'
Motilal Oswal reiterate its Neutral rating and value Shree Cement at 17 times FY27E EV/Ebitda to arrive at our target price of Rs 27,000.
27 Feb 2025, 09:08 AM IST 
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Shree Cement's stock trades at 22x/18x FY26E/FY27E EV/Ebitda (versus its 10-year average one-year forward EV/Ebitda of 20x).
(Photo source: Freepik)
Low capacity utilization, limited regional diversification into newer capacity addition, and rising industry supply (expect ~50 mtpa capacity addition in FY26) may constrain any capacityled re-rating in the stock.
