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Last 10,907 INR
Change Today -159.35 / -1.44%
Volume 21.7K
SRCM On Other Exchanges
Symbol
Exchange
Natl India
OTC US
As of 7:06 AM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

shree cement ltd (SRCM) Snapshot

Open
10,692
Previous Close
11,066
Day High
11,225
Day Low
10,692
52 Week High
02/3/15 - 11,786
52 Week Low
03/31/14 - 5,420
Market Cap
380.0B
Average Volume 10 Days
20.4K
EPS TTM
225.97
Shares Outstanding
34.8M
EX-Date
08/28/14
P/E TM
48.3x
Dividend
10.00
Dividend Yield
0.20%
Current Stock Chart for SHREE CEMENT LTD (SRCM)

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shree cement ltd (SRCM) Details

Shree Cement Limited manufactures and sells cement in India. It operates in two segments, Cement and Power. The company offers cement under the Shree Ultra, Bangur, and Rockstrong brands. It also exports cement and clinker to Nepal. In addition, the company engages in the generation of power with a capacity of approximately 597 megawatts through thermal power and waste heat recovery power plants. Shree Cement Limited was incorporated in 1979 and is based in Kolkata, India.

4,698 Employees
Last Reported Date: 10/16/14
Founded in 1979

shree cement ltd (SRCM) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: 176.0M
Executive President, Whole-Time Director and ...
Total Annual Compensation: 53.5M
Compensation as of Fiscal Year 2014.

shree cement ltd (SRCM) Key Developments

Shree Cement, JK Lakshmi, HeidelbergCement And JSW Cement Are Looking For Acquisitions

HeidelbergCement India Limited (BSE:500292), JSW Cement Limited, JK Lakshmi Cement Limited (BSE:500380) and Shree Cement Limited (BSE:500387) are looking for acquisitions. "Looking at acquisitions provides an option to grow as well as preserve the limestone reserves the company already has," said Pankaj Kulkarni, Director, JSW Cement, which is evaluating cement assets across India for a potential buyout. Prashant Bangur, Director, Shree Cement, said that acquisitions happen at a price of $130 per tonne while setting up a new cement plant costs $ 80 per tonne. "However, the discount means a wait of six to seven years before the capacity is operational," explained Bangur, "And those without enough limestone reserves for future growth are looking at buyouts." HeidelbergCement India's Chief Executive Officer and Managing Director Jamshed Naval Cooper said HeidelbergCement India would pursue organic and inorganic growth opportunities simultaneously. "On the inorganic side we continue to look at all deals that are brought to our table. We would like to pick something in central India, but not necessarily only central India," he said. A spokesperson for JK Lakshmi confirmed that JK Lakshmi is actively involved in reviewing cement assets available for sale.

Shree Cement Limited Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended December 31, 2014

Shree Cement Limited reported unaudited standalone earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported total income from operations (net) of INR 15,445 million compared to INR 13,181.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,051.4 million compared to INR 1,549.7 million a year ago. Profit from ordinary activities before tax was INR 922.1 million compared to INR 1,307.6 million a year ago. Net profit for the period was INR 936.8 million or INR 26.89 per basic and diluted share compared to INR 1,154.9 million or INR 33.15 per basic and diluted share a year ago. For the six months, the company reported total income from operations (net) of INR 31,525.8 million compared to INR 25,656.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,229.1 million compared to INR 2,905.1 million a year ago. Profit from ordinary activities before tax was INR 1,963.4 million compared to INR 3,080.1 million a year ago. Net profit for the period was INR 2,024.9 million or INR 58.12 per basic and diluted share compared to INR 2,877.1 million or INR 82.59 per basic and diluted share a year ago.

Shree Cement Limited, Board Meeting, Feb 03, 2015

Shree Cement Limited, Board Meeting, Feb 03, 2015. Agenda: To consider and approve the standalone un-audited financial results for the quarter and six months ended on December 31, 2014.

 

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