Shree Cement - Robust Growth Outlook: Axis Securities Initiates Coverage
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Axis Securities Report
Shree Cement Ltd. is the second-largest cement producer in India with an operating capacity of 43.4 million tonnes per annum and commands an estimated market share of 8%.
The company enjoys a leadership position in North India with an estimated market share of 24%.
It has embarked on the expansion plan to increase its capacity to 46.4 million tonne per annum which is expected to become operational in Q4 FY21 and Q1 FY22.
Over the years, the company has achieved a widespread footprint across India and a strong market presence in the key markets.
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