Shree Cement Limited
Incorporated in 1979, SCL belongs to B.G.Bangur - H. M. Bangur faction of the Bangur family of Kolkata. B. G. Bangur, the promoter & Chairman Emeritus of SCL, is an eminent industrialist. His son, H. M. Bangur, Chairman, is a qualified Chemical Engin...
Key Metrics
EPS
663.63
Current ratio
1.99
Debt/Equity
0.35
Debt/EBITDA
5.46
Interest coverage ratio
0.08
Operating Cashflow to total debt
0.60
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Strong competitive position supported further by diversified geographical profile
Large retail trade mix driven by healthy brand recall and established distribution network
Sound operating efficiencies
Robust capital structure and debt coverage metrics; despite debt funded capex plan
Liquidity: Superior
Cons
Cyclicality of the cement industry
Exposure to volatile input costs and price realisations
Decline in the operating performance, resulting in net debt/PBILDT above 1x on a sustained basis
Any significant reduction in the liquidity levels of the company either on account of significant debt funded capex or deterioration in the business risk profile
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About Shree Cement Limited bond.
This comprehensive profile covers key factual information about Shree Cement Limited. Incorporated in 1979, SCL belongs to B.G.Bangur - H. M. Bangur faction of the Bangur family of Kolkata. B. G. Bangur, the promoter & Chairman Emeritus of SCL, is an eminent industrialist. His son, H. M. Bangur, Chairman, is a qualified Chemical Engineer and was also a member of the Executive Committee of FICCI. Prashant Bangur (son of H. M. Bangur), Post Graduate in Management from Indian School Business (Hyderabad), is the Vice-Chairman of SCL. The company is engaged in manufacturing cement with an installed capacity of 56.40 million tonne per annum (mtpa) in India (60.40 mtpa on a consolidated level) as on June 30, 2024, with its facilities spread across Rajasthan, Chhattisgarh, Uttarakhand, Bihar, Jharkhand, Haryana, Uttar Pradesh, Karnataka, Odisha, Maharashtra, West Bengal and the UAE. SCL is also engaged in generating power with an installed capacity of 1015 MW in India spread across coal-based, WHRS, solar and wind energy sources as on March 31, 2024. EPS in Mar-2024 was 663.63. Current ratio in Mar-2024 was 1.99. Debt/Equity in Mar-2024 was 0.35. Debt/EBITDA in Mar-2024 was 5.46. Interest coverage ratio in Mar-2024 was 0.08. Operating Cashflow to total debt in Mar-2024 was 0.60. Total revenue for Mar-2025 (E) was ₹22506.79. Net income for Mar-2025 (E) stood at ₹2175.65. Total assets as of Mar-2024 were ₹27,924.59. Operating cash flow for Mar-2024 was ₹3,347.49. The company’s borrowing relationships include Axis Bank Limited (₹N/A Cr), DBS Bank India Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), J.P. Morgan Chase Bank N.A. (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), MUFG Bank Limited (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Sumitomo Mitsui Banking Corporation (₹N/A Cr), Yes Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), State Bank of India (₹N/A Cr), Axis Bank Limited (₹N/A Cr), DBS Bank India Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), J.P. Morgan Chase Bank N.A. (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), MUFG Bank Limited (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Sumitomo Mitsui Banking Corporation (₹N/A Cr). Peers and comparison entities consist of Shree Cement Limited, UltraTech Cement Limited, Grasim Industries Limited, Ambuja Cements Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strong competitive position supported further by diversified geographical profile; Large retail trade mix driven by healthy brand recall and established distribution network; Sound operating efficiencies; Robust capital structure and debt coverage metrics; despite debt funded capex plan; Liquidity: Superior. Key risks include: Cyclicality of the cement industry; Exposure to volatile input costs and price realisations; Decline in the operating performance, resulting in net debt/PBILDT above 1x on a sustained basis; Any significant reduction in the liquidity levels of the company either on account of significant debt funded capex or deterioration in the business risk profile. Leadership team details include Anupam Agrawal (Head - Projects), Arvind Khicha (Joint President), H M Bangur (Chairman), K C Gandhi (Joint President), K K Jain (Senior Vice President - Finance), M M Rathi (Joint President), M S R Kali Prasad (Chief Digital Officer), Neeraj Akhoury (Managing Director), Prashant Bangur (Vice Chairman), S S Khandelwal (Company Secretary & Compliance Officer), Sanjay Mehta (President), Sanjiv Krishnaji Shelgikar (Independent Director), Satish Chander (Chief Manufacturing Officer), Shailesh Ambastha (President - Sales), Shreekant Somany (Independent Director), Subhash Jajoo (Chief Financial Officer), Sushil Kumar Roongta (Independent Director), Sushrut Pant (Head - Marketing), Uma Ghurka (Independent Director), Vinod Kumar Chaturvedi (Chief Human Resource Officer), Zubair Ahmed (Independent Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.