Shree Cement Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Cement & Cement Products | Market Cap: ₹87.6K Cr
Industry demand expected to grow at 7% to 8% pan-India; Shree Cement aims for 10% growth. The company expects better performance from Q2 FY27 onwards, assuming no adverse Middle East developments.
From Shree Cement's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Price
₹24,036
Market Cap
₹87.6K Cr
P/E Ratio
53.7
Revenue Rank
Margin Rank
How does Shree Cement rank in Cement & Cement Products?
Compare Shree Cement against every Cement & Cement Products company this quarter on revenue, margins and earnings-call signals.
Shree Cement — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹6.1K Cr, net profit ₹528 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →Industry demand expected to grow at 7% to 8% pan-India; Shree Cement aims for 10% growth.
- →Sales volume target for the current year is around 40 million tons, up from 35.4 million tons last year.
- →Consolidated volumes expected to increase substantially with growth in Shree Cement East and UAE operations.
- →Northeast plant commissioning planned for Q4 FY28 to support market expansion.
- →Regional growth: South region saw significant volume growth due to new plant and market penetration in Maharashtra and Gujarat; North region grew by 20%; East region volumes largely flat but expected to pick up as process issues resolve.
- →Trade sales mix targeting return to 70% trade and 30% non-trade post abnormal Q1.
- →Consolidated volumes for Q1 stood at 114.5 lac tons, slightly down from 119.4 lac tons in March due to UAE war impact, with UAE doubling capacity expected by Q3 FY26.
- →Expect healthier profits and volume growth from Q2 onwards, barring adverse external factors.
📈 Profitability & Margins
Rank 3- →The company expects better performance from Q2 FY27 onwards, assuming no adverse Middle East developments.
- →Industry demand anticipated to grow 7-8% pan-India; Shree Cement aims to outpace this with ~10% growth.
- →Consolidated volumes (including UAE and Eastern India operations) are projected to increase, with standalone revenue share dropping to 75-80%.
- →Operating costs are expected to stabilize or reduce in H2 FY27 due to peak or declining fuel (Pet Coke/coal) and gypsum costs, improving profitability.
- →Capacity utilization improved to 62%, with growth particularly strong in South, North, and parts of West India markets.
- →Capex planned at INR 1,500 crores for FY27, focusing on capacity expansion including the Northeast plant commissioning targeted by Q4 FY28.
- →Management remains bottom-line focused rather than topline, emphasizing operational efficiency and cost controls to support earnings growth.
- →The company does not provide explicit earnings or EPS guidance but highlights cost controls and market expansion as profit drivers.
🏗️ Capital Expenditure Plans
Yes- →Total capex guidance for FY26 is about INR 1,500 crores, with around INR 450-500 crores spent in Q1.
- →For FY27-28, capex guidance is maintained at approximately INR 1,500 crores.
- →Capex guidance for India operations only; UAE expansion is funded separately through UAE operations' cash.
- →Northeast plant: commissioning planned in Q4 FY28 with infrastructure being created for 4-5 million tons capacity.
- →UAE expansion is ongoing, funded by cash in UAE, not included in India capex guidance.
- →No inorganic growth plans currently; focus is organic growth through existing and planned capacities.
- →Exploration of electric commercial vehicles (100 ECVs planned this year) and battery energy storage systems (BESS) for operational efficiency and cost savings.
- →Potential future capex expected to be at a lower rate once infrastructure for Northeast capacity is established.
💰 Fundraising & Capital Structure
No- →No explicit mention of any current or future fundraising through debt or equity in the provided transcript.
- →The company is sitting on a strong cash position (INR8,348 crores net consolidated cash as of June 2026).
- →Management has expressed no interest in inorganic growth or acquisitions, indicating a preference for organic expansion funded internally.
- →Capex for India operations is guided at INR1,500 crores for the year, funded from internal accruals and existing cash.
- →UAE expansion is funded entirely from cash generated by UAE operations, with no remittance from India.
- →No indication of plans to raise external funds—debt or equity—was discussed during the call.
📋 Order Book & Pipeline
No informationKey Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Shree Cement Q1 FY27 results?
Industry demand expected to grow at 7% to 8% pan-India; Shree Cement aims for 10% growth. The company expects better performance from Q2 FY27 onwards, assuming no adverse Middle East developments.
What is Shree Cement share price analysis?
Shree Cement currently shows a below-average growth signal. The stock trades at a P/E of 53.7 with a market cap of ₹87,604 Cr. Investors should review the full earnings analysis for detailed insights.
Is Shree Cement planning capital expenditure?
Total capex guidance for FY26 is about INR 1,500 crores, with around INR 450-500 crores spent in Q1.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.