The report says SRCM delivered its third consecutive quarter of strong volume growth (+18%/14% YoY standalone/consolidated) with margin among the best in industry despite YoY decline, and upgrades the rating to BUY from ADD with a revised SOTP TP of INR28,400.
Read this note →SHREE CEMENT LIMITED
NSE SHREECEM BSE 500387 INE070A01015
0 filings · 0 analysed
24,920.00
-7.77%
over 1 year
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HSIE Results Daily 26 Oct 26 HSIE
The report says SRCM delivered its third consecutive quarter of strong volume growth (+18%/14% YoY standalone/consolidated) with margin among the best in industry despite YoY decline, and upgrades the rating to BUY from ADD with a revised SOTP TP of INR28,400.
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Cement Q2FY27 Results Preview HSIE
The report estimates ~13% YoY volume growth for Shree Cement with EBITDA/MT of INR 776 and retains an ADD rating.
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The report mentions Shree Cement among new entrants planning greenfield capacity in the northeast, with 1mn MT by end of FY28.
Prices from Yahoo Finance, NSE close, delayed — indicative only, not for dealing. Solid markers sit on the exchange's own timestamp.
Targets, and what happened next
What each house published, and where the price has gone since. Orivam issues no calls of its own and takes no view on these.
| House | Published | Call | Entry | Target | Now | Progress | Standing |
|---|---|---|---|---|---|---|---|
| HDFC Securities | 26 Oct 2026, 06:37 | long | 22,735.00 | 28,400.00 | 25,100.00 | 42% | open by 2027-10-26 |
| HDFC Securities (HSIE Research) | 08 Oct 2026, 16:58 | long | 21,600.00 | 27,000.00 | 25,100.00 | 65% | open by 2027-10-08 |
Deadlines: 0 stated by the house, the rest set by Orivam’s convention — ten trading days for a technical call, twelve months for a price target. A target with no date cannot be judged, so one has to be chosen.
What the desks said
The report estimates ~13% YoY volume growth for Shree Cement with EBITDA/MT of INR 776 and retains an ADD rating.
Read this note →The report mentions Shree Cement among new entrants planning greenfield capacity in the northeast, with 1mn MT by end of FY28.
Read this note →Announcement timeline
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