Shree Cement Annual Report Analysis- Ebitda Margin Rises To 22.3% From Its Lowest In Five Years: Dolat Capital

Dolat Capital Report

Shree Cement Ltd. FY24 annual report analysis suggests improvement in financial performance with a 16.3% increase in operating revenue to Rs 195.9 billion from Rs 168.4 billion in FY23, while Ebitda jumped up 48.3% to Rs 43.6 billion from Rs. 29.4 billion in FY23. Ebitda margin also rose to 22.3% from its lowest in five years of 17.5% in FY23.

Cement demand during the year is estimated to have grown by robust 10-12% to 442-447 million tonne, following a ~12% growth in the previous year.

Favorable demand conditions helped utilization levels inch up to 71- 73% in FY24, after having touched 69% in FY23.

Shree Cement has widely benefited from-

1. large infrastructure projects,

2. rapid urbanisation,

3. upsurge in housing projects and

4. decline in coal prices, which had risen sharply in FY23.

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