Shree Cement

Q4 FY26Cement & Cement Products

Shree Cement Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹24,480

Market cap₹87.6K Cr

P/E53.7

Updated25 Aug 2026

Read4 min read

The short version

Shree Cement aims to grow cement volumes by about 8% to 8.5%, slightly above the industry growth expected at 7.1% to 7.2%, aligned with GDP growth projections (Page 9). Shree Cement aims to grow cement sales volume to about 40 million tons in FY27, reflecting a targeted growth rate of 1% above industry average.

From Shree Cement's Q4 FY26 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Shree Cement aims to grow cement volumes by about 8% to 8.5%, slightly above the industry growth expected at 7.1% to 7.2%, aligned with GDP growth projections (Page 9).
The company’s guidance is to achieve approximately 40 million tons of cement sales in FY 2026-27 (Page 9).
They target increasing consolidated capacity to 80 million tons by 2029, though acknowledging potential slowdowns due to macroeconomic factors (Pages 5 and 10).
Volume growth focus became more pronounced after establishing a stable price point, shifting from price over volume to balancing both with profitability as the main concern (Page 17).

2 more points management made on revenue & sales performance

Profitability & Margins

Shree Cement aims to grow cement sales volume to about 40 million tons in FY27, reflecting a targeted growth rate of 1% above industry average.
Long-term capacity expansion goal is to reach 80 million tons by FY29, though current capex pace is cautious due to macro uncertainties.
EBITDA per ton for FY26 was INR1,161, up from INR1,071; profitability remains the prime focus rather than volume alone.
Management emphasizes balanced strategy focusing on value over volume to sustain margins.
Expected cost pressures from fuel and packaging may impact near-term margins, but pricing actions aim to mitigate this.

2 more points management made on profitability & margins

See what Shree Cement said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex guidance for FY 2026-27 is approximately INR 1,500 crores.
Capex focus areas for '26-'27:
Increasing Ready-Mix Concrete (RMC) plants (targeting 50 to 55 plants by year-end).
Developing railway sidings at three to four different sites to improve logistics.
Meghalaya expansion with initial capacity of ~0.95 million ton clinker and 1 million ton cement; infrastructure, land acquisition, and power line drawing underway.
Long-term goal: Reach 80 million tons capacity by 2029, though capex pace has slowed due to dynamic market conditions.
Funding approach: Historically internal accruals with no significant borrowing; current net cash balance approx INR 6,400 crores.

2 more points management made on capital expenditure plans

Top-ranked in Cement & Cement Products

Ranked on what management guided this quarter

5x potential

1Grasim Inds₹2.2L Cr

Rev 1Mar 3

2BIGBLOC Const.₹567 Cr

Rev 2Mar 1

3₹1.3K Cr

Rev 3Mar 1

4₹3.3L Cr

Rev 3Mar 3

5₹38.6K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

Shree Cement currently has a strong net cash position of INR 6,400 crore with borrowings of approx INR 1,500 crore (gross INR 7,900 crore).
The company has not indicated any immediate plans for new fundraising through debt or equity.
Historically, Shree Cement has funded all its capital expenditure from internal accruals without borrowing.
The management mentioned a slowed-down capex plan for the near term (INR 1,500 crore for FY26-27), showing a cautious approach.

2 more points management made on fundraising & capital structure

See what Shree Cement said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided pages from the Shree Cement Limited transcript do not contain specific information regarding the company's current or expected order book or pending orders. The discussion primarily revolves around topics such as volume growth, pricing strategies, capacity expansions, cost inflation, incentives, fuel mix, and operational efficiencies. There is no mention or data related to order book status or pending orders in these excerpts. For detailed information on current or expected order books, please refer to other sections of the annual report or corporate filings not included in the provided pages.

Shree Cement — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹6.1K Cr, net profit ₹528 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Shree Cement's management said in earlier quarters

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The Ramco Cements Ltd (Q4 FY26)
Standalone: ₹2,618.32 Crores, up 9% YoY (from ₹2,404.90 Crores in 4QFY25) (Page 14) . Key concall takeaways from The Ramco Cements Ltd's Q4 FY26 earnings call…
Orient Cement (Q4 FY26)
Capex moderated to INR6,000-6,500 crores in FY '27, emphasizing organic growth, stabilization of acquired assets, and selective capacity expansions. Key…
ACC (Q4 FY26)
The company plans to focus on optimizing existing capacities and improving utilization rates (e.g., Sanghi at 65%-70%, Penna at 55%-60%, others around…

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Frequently Asked Questions

What were Shree Cement Q4 FY26 results?

What is Shree Cement share price analysis?

Shree Cement currently shows a neutral. 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?

Capex guidance for FY 2026-27 is approximately INR 1,500 crores.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.