BOM:500387

Emkay Global Downgrades Shree Cement to Add from Buy; Price Target is INR27,500

Jefferies Adjusts Shree Cement's Price Target to INR27,600 From INR27,530, Keeps at Hold

Shree Cement (NSE:SHREECEM, BOM: 500387) has an average rating of hold and mean price target of 27,845.13 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Shree Cement's Consolidated Profit Declines in Fiscal Q4

Shree Cement's (NSE:SHREECEM, BOM:500387) consolidated attributable profit declined to 5.26 billion Indian rupees in the fiscal fourth quarter ended March 31, from 5.74 billion rupees a year ago.Earnings per share contracted to 145.70 rupees from 159.17 rupees a year earlier, the cement manufacturer said in a filing to the Indian stock exchanges on Wednesday. The EPS was lower than the 148.45 rupees estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4, however, increased to 61.0 billion rupees from 55.3 billion rupees a year ago.The company's board recommended a final dividend of 70 rupees per equity share of 10 rupees each for the financial year 2025-26.

Nomura Adjusts Shree Cement's Price Target to INR28,000 from INR34,000, Keeps at Buy