Shree Cements Shares in Focus as ₹50 Dividend Record Date and Ex-Date Are Today

Shree Cements’ stock price is showing positive momentum today, trading at ₹28,089.90, up by ₹206.50 or 0.74% at 10:20 AM on the NSE. The stock reached a high of ₹28,300, with a low of ₹27,735.20.

The price has been fluctuating within a narrow range, with the indicative close at ₹28,022.37. The movement reflects a slight upward trend, following the announcement of a ₹50 dividend.

Past Corporate Actions Overview

The corporate action history for the company shows a consistent pattern of dividend declarations. On January 31, 2024, the company declared an interim dividend of ₹50, with the ex-date set for February 8, 2024. In May 2023, an interim dividend of ₹55 was declared, with the ex-date of June 1, 2023.

Earlier, in January 2023, a ₹45 interim dividend was announced, with the ex-date of February 16, 2023. The company also declared a final dividend of ₹55 in May 2024, with the ex-date scheduled for July 23, 2024.

Q3 FY25 Performance Overview

In Q3 FY25, the company reported a decline of 12.31% in revenue, totalling ₹4,684.83 crore compared to ₹5,340.94 crore in the same quarter last year. As of December 31, 2024, its net worth stood at ₹21,139.95 crore, with a debt-equity ratio of 0.04 and a current liability ratio of 83%.

The total debts to total assets ratio was 5%. The operating margin was 24%, and the net profit margin was 4%. On a quarter-on-quarter basis, total sales volumes rose by 15%, from 7.60 million tonnes to 8.77 million tonnes.

Driven by cost optimisation and efficiency initiatives, the total expenditure (excluding depreciation and interest) reduced from ₹4,122 per tonne to ₹3,748 per tonne on a quarter-on-quarter basis.

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