Who are Shree Cement's main competitors?

Named competitors: UltraTech Cement (ULTRACEMCO.NS), Ambuja Cements (AMBUJACEM.NS), ACC Limited (ACC.NS). The cockpit's measured peer set (industry) also includes Ambuja Cements (AMBUJACEM.NS), J.K. Cement (JKCEMENT.NS), Grasim Industries (GRASIM.NS), Dalmia Bharat (DALBHARAT.NS), ACC (ACC.NS).

How has Shree Cement stock performed?

Over six months to 6 Nov 2026 the shares returned -1.9% against -12.6% for the median peer; over one year -12.7%.

← CockpitCompetitor Analysis › SHREECEM.NS Shree CementOpen in the cockpit ↗

Shree CementSHREECEM.NSCompetitor analysis, valuation and peers

India · INR·Construction & Infra›Construction Materials

Major Indian cement producer known for efficient, low-cost manufacturing operations, mainly in north India.

≈ India's efficiency-focused Martin MariettaMomentum strong 66

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$9.63B

US dollars, full cap

Free float

27%

of shares outstanding

$/day

$7.19M

20-day average traded

Fwd P/E

51.4×

forward earnings

ROIC−WACC

-6.2 pp

WACC 13.1%

Hurdle

+29 pp

Req g minus delivered

Next earnings

90 days

4 Feb 2027

Close · INR₹25,100

1D+0.8%

1W+9.2%

1M+15.2%

3M-4.4%

6M-1.9%

YTD-5.5%

1Y-12.7%

ATR %2.4%

Beta1.05

52w lowhigh12.7% off high

What Shree Cement does

Major Indian cement producer known for efficient, low-cost manufacturing operations, mainly in north India.

Sells cement by the tonne through dealers at regional prices, so profit hinges on kiln utilisation and the cost of fuel and freight, where captive power plants help. The Bangur family founded and controls the company. Expansion outside north India aims to widen its reach.

In one line: India's efficiency-focused Martin Marietta.

Products and services

Ordinary Portland cement
Blended cement
Captive power generation

Customers

Construction contractors
Infrastructure/government projects
Home builders

Where it sits in the supply chain

Materials
Construction materials
Cement - India

What could go right

India infrastructure/housing construction demand
Geographic expansion beyond north India

What could go wrong

Cement price/demand cyclicality
Energy (coal/pet coke) cost volatility

Moat: narrow (cost advantage, scale). Known for industry-leading low-cost manufacturing and captive power, giving a cost edge over peers.

Headquarters: Kolkata, India · Founded: 1979 · Employees: 24,657

Named competitors

UltraTech Cement ULTRACEMCO.NS
Ambuja Cements AMBUJACEM.NS
ACC Limited ACC.NS

Shree Cement at a glance

Size Shree Cement (SHREECEM.NS) is an India Industrials company (Construction Materials) with a market value of $9.63B, the 127th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹25,100 on 6 Nov 2026.

Performance Over six months the shares fell 1.9%, against -12.6% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 6 in its peer set.

Growth Revenue grew 14.3% over the last twelve months (peer median +8.0%); the operating margin is 7.6% (peer median 9.0%).

Valuation It trades at 51.4× forward earnings against a peer median of 37.7× (2nd most expensive of 6).

Price implies For today's price to make sense, revenue must grow about 39% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +29 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 6.2 points below its cost of capital (13.1% WACC).

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Shree Cement against the median of its 5 peers (local-currency closes).

Shree Cement financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹230B	₹207B	₹191B	₹202B	₹176B
Revenue growth	—	+8%	-6%	+15%	—
Gross profit	₹103B	₹74.5B	₹61.4B	₹74.4B	₹57.0B
EBITDA	₹46.2B	₹45.9B	₹38.1B	₹43.9B	₹29.1B
Net income	₹15.8B	₹17.4B	₹11.2B	₹24.0B	₹12.7B
Free cash flow	n/a	₹19.6B	₹8.79B	₹3.37B	-₹6.18B
Capital expenditure	n/a	₹19.1B	₹41.0B	₹32.0B	₹33.1B
Total debt	₹21.8B	₹18.7B	₹10.5B	₹16.6B	₹27.2B

Quarterly statements and history in the cockpit →

Shree Cement competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Shree Cement is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shree Cement is the large dot.

Shree Cement competitors and peer comparison

Head to head with its named competitors (SHREECEM.NS vs ULTRACEMCO.NS vs AMBUJACEM.NS vs ACC.NS)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Shree Cement SHREECEM.NS	$9.63B	-2%	+14%	8%	51.4×	38.8%
UltraTech Cement ULTRACEMCO.NS	$38.8B	+2%	+18%	14%	38.0×	35.8%
Ambuja Cements AMBUJACEM.NS	$10.3B	-13%	+6%	4%	44.1×	n/a
ACC ACC.NS	$2.46B	-13%	+8%	4%	22.9×	n/a

How Shree Cement compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Shree Cement against its 5 peers (data as of 6 Nov 2026)
Measure	SHREECEM.NS	Peer median	Rank in peer set
1-month return	+15.2%	+6.1%	highest of 6
6-month return	-1.9%	-12.6%	2nd highest of 6
Distance from 52-week high	-12.7%	-33.7%	2nd highest of 6
Revenue growth (TTM)	+14.3%	+8.0%	3rd highest of 6
Operating margin	7.6%	9.0%	3rd lowest of 6
Forward P/E	51.4×	37.7×	2nd most expensive of 6
Growth the price implies (Req g, 7 yrs)	38.8%	n/a	—
Growth delivered (Del g)	+9.4%	n/a	—
Hurdle (Req g minus delivered)	+29.4 pp	n/a	—
ROIC minus cost of capital	-6.2 pp	-7.7 pp	3rd highest of 6
EV / EBITDA	18.7×	12.2×	3rd most expensive of 6
Net debt / EBITDA	-1.1×	2.3×	least indebted of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Shree Cement SHREECEM.NS	India	$9.63B	-2%	+14%	8%	51.4×	38.8%	+9.4%
Ambuja Cements AMBUJACEM.NS	India	$10.3B	-13%	+6%	4%	44.1×	n/a	n/a
J.K. Cement JKCEMENT.NS	India	$4.28B	-7%	+17%	11%	37.7×	n/a	n/a
Grasim Industries GRASIM.NS	India	$23.3B	+9%	+20%	21%	65.8×	-3.9%	+18.1%
Dalmia Bharat DALBHARAT.NS	India	$2.92B	-26%	+6%	9%	31.2×	n/a	n/a
ACC ACC.NS	India	$2.46B	-13%	+8%	4%	22.9×	n/a	n/a

Questions

Who are Shree Cement's main competitors?: Named competitors: UltraTech Cement (ULTRACEMCO.NS), Ambuja Cements (AMBUJACEM.NS), ACC Limited (ACC.NS). The cockpit's measured peer set (industry) also includes Ambuja Cements (AMBUJACEM.NS), J.K. Cement (JKCEMENT.NS), Grasim Industries (GRASIM.NS), Dalmia Bharat (DALBHARAT.NS), ACC (ACC.NS).
Is Shree Cement expensive compared with its peers?: On forward p/e it trades at 51.4× against a peer median of 37.7×, 2nd most expensive of 6 in its peer set. For today's price to make sense, revenue must grow about 39% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +29 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Shree Cement stock performed?: Over six months to 6 Nov 2026 the shares returned -1.9% against -12.6% for the median peer; over one year -12.7%.