Shree Cement Limited (SHREECEM.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-8.4%

₹21,722.01

vs ₹23,710.00 price

Levered DCF

₹10,339.12

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

7.12

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	47.64×	97.2×	39.85×	74.36×	37.18×	46.51×	40.3×	65.07×
P/B	3.57×	5.07×	4.61×	5.07×	4.97×	6.9×	4.7×	6.77×
P/S	3.97×	5.75×	4.75×	5.42×	5.95×	8.07×	4.91×	5.34×
EV / EBITDA	16.01×	24.35×	18.95×	28.45×	20.87×	23.93×	16.14×	24.22×
Gross margin	46.4%	59.9%	56.7%	52.3%	63.1%	69.2%	81.5%	74.1%
Operating margin	9.1%	4.8%	12.9%	7.4%	17.5%	21.3%	15.5%	12.2%
Net margin	8.3%	5.9%	11.9%	7.3%	16.0%	17.3%	12.2%	8.2%
Current ratio	2.16×	2.1×	1.99×	1.33×	1.81×	1.84×	1.97×	2.22×
Debt / equity	0.08×	0.05×	0.08×	0.15×	0.12×	0.14×	0.25×	0.29×
Interest coverage	8.97×	4.5×	10.05×	4.94×	11.83×	11.22×	6.77×	7.56×
Dividend yield	0.6%	0.3%	0.4%	0.3%	0.4%	0.0%	1.0%	0.4%
Payout ratio	29.0%	33.8%	15.8%	25.5%	16.5%	0.5%	40.9%	23.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.5%	5.2%	11.6%	6.8%	13.4%	14.8%	11.7%	10.4%
Return on invested capital	5.7%	3.4%	9.3%	5.1%	10.4%	12.0%	8.9%	9.6%
Return on assets	5.5%	3.9%	8.6%	4.8%	9.8%	10.6%	7.7%	6.5%
Free cash flow yield	2.4%	0.7%	0.2%	-0.8%	0.5%	2.9%	3.9%	0.2%
Earnings yield	2.1%	1.0%	2.5%	1.3%	2.7%	2.2%	2.5%	1.5%
Enterprise value	₹848.2B	₹1.1T	₹968.6B	₹971.6B	₹886.9B	₹1.1T	₹650.4B	₹681.4B
Net debt / EBITDA	0.33×	0.2×	0.27×	0.78×	0.47×	0.39×	0.78×	0.95×
Cash conversion cycle (days)	92	104	140	117	158	94	196	184