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Shareholding Info
  • Promoters
    62.55 %
  • Foreign institutions-FII
    12.32 %
  • Other domestic institutions
    4.81 %
  • Retail and other
    12.6 %
  • Mutual Funds
    7.72 %

Shree Cement


Shree Cement Ltd is engaged in the manufacturing of cement and autoclaved aerated concrete (AAC) blocks. The company has installed a cement production capacity of 46.4 million tonnes per annum (MPTA) in India alone and the number goes up to 50.4 million tonnes, including overseas. It also has a business interest in power generation with an installed commercial power capacity of 300 megawatts along with captive and green power capacity of 452 MW.

The company sells cement under three brand names, Shree Ultra Jung Rodhak Cement Bangur Cement and Rockstrong Cement. Shree Cement is promoted by Calcutta-based industrialist Hari M Bangur.

Business Operations


Shree Cement's manufacturing units are located at Beawar, Ras. Khushkhera, Suratgarh and Jobner in Rajasthan, Laksar in Uttarakhand, Aurangabad in Bihar, Panipat in Haryana, Baloda Bazar in Chhattisgarh and Bulandshahr in Uttar Pradesh. The company was incorporated in 1979, four years before its initial public offer (IPO) launch in 1984.

Shree Cement Ltd commissioned its integrated cement plant of 0.6 MTPA at Beawar in Rajasthan in 1985. In 1997, the company commissioned its second plant with a capacity of 1.24 million tonnes raising total capacity to 2.0 MTPA.

In FY 2002, the company commissioned a captive 36 MW thermal power project. The unit at Beawar became operational in 2003.

During FY 2005-06, the company commissioned a greenfield plant of 1.5 million tonnes per annum (MTPA) capacity at Ras. It commissioned a 6 MW captive thermal power plant at their cement manufacturing facility in Rajasthan.

In 2006-07, the company expanded their production capacity at Bangur city from 1.50 MTPA to 3.00 MTPA by commissioning its unit-IV in 2007.

By 2010, the company’s cement production capacity crossed the 10 MTPA milestone. In 2012, a thermal plant of 300 megawatts was commissioned at Beawar.

In 2014, Shree Cement entered the eastern market with the commissioning of a grinding unit of 2 MTPA capacity at Aurangabad in Bihar. The company commissioned a cement mill section of 2.6 million tons per annum (MTPA) capacity at Baloda Bazar near Raipur in Chhattisgarh in 2015. With this the company’s cement production capacity of 20 MTPA.

Shree Cement acquired a 1.5 MTPA cement grinding unit of Jaiprakash Associates Ltd, situated at Panipat in Haryana, in 2015.

In 2018, the company commissioned an integrated unit in Kalaburagi, Karnataka. Shree Cement made its first move overseas with the acquisition of Union Cement Company in Ras Al Khaimah, United Arab Emirates. The company focused on green energy with the commissioning of a power generation unit of 21MW in Karnataka.

Shree Cement made its way to the prestigious Nifty 50 list on March 18, 2020. The company undertook upgrade work at its cement grinding unit in Saraikela Kharsawan district of Jharkhand to enhance its capacity from 2.5 MTPA to 3 MTPA. The project was completed in April 2023.

Shree Cement Ltd's market capitalisation stands at over ₹1.03 lakh crore as of December 29, 2023. Shree Cement’s share price has surged over 20% in the last three years.

Financial highlights

  • The total income of the company for FY23 stood at ₹18,311 crore, up by 17.71 % year-on-year growth compared to ₹15,555 crore in FY22.
  • The firm reported a profit of ₹1,269 crore in FY23 as against ₹2,336 crore in FY22.
  • The EBITDA (earnings before interest, taxes, depreciation and amortisation) stood at ₹3,374 crore in FY23.
  • The company made a total expenditure of ₹16,816 crore in FY23.
  • The earnings per share (EPS) slipped to ₹368.10 in FY-23 from ₹658.69 in the last financial year.
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