What is Shree Cement's strategy to regain market share?

Shree Cement is recalibrating its approach to focus on accelerating volume growth and leveraging core strengths to regain lost market share.

What is the new target price for Shree Cement stock?

PL Capital revised its target price for Shree Cement stock to ₹29,850 from ₹31,769.

When will Shree Cement reach 80 mtpa capacity?

Shree Cement is targeting a capacity of 80 mtpa by FY29E, up from its current 68 mtpa in FY26.

Home / Business and Economy / Shree Cement Eyes Volume Growth Amidst Competition

Shree Cement Eyes Volume Growth Amidst Competition

9 Dec

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Summary

Shree Cement faces market share loss due to competitive intensity.
Brokerage revises target price to ₹29,850, trims FY27/28E Ebitda.
Company plans capacity expansion to 80 mtpa by FY29E.

Shree Cement Eyes Volume Growth Amidst Competition

Shree Cement is strategically shifting its focus to accelerate volume growth and regain market share, which has seen a decline in recent quarters due to increasing competitive pressures. Despite a historically strong emphasis on cost efficiencies, the company recognizes the need to adapt its approach.

Brokerage firm PL Capital has adjusted its outlook, maintaining an 'Accumulate' rating while revising the target price to ₹29,850 and reducing EBITDA estimates for FY27/28, citing lower pricing assumptions. Analysts note that while non-trade segment traction is robust, trade demand recovery is expected to be gradual.

The company's expansion roadmap remains on track, targeting 80 mtpa by FY29E, with new capacities primarily focused on South and East India. Shree Cement is also enhancing its UAE operations, with significant investments planned to increase grinding capacity and leverage the market's stable demand and attractive pricing.