Shree Cement has announced an interim dividend of ₹80 per share, which is 800%, for investors. This dividend will be distributed to shareholders who hold shares until November 3, 2025. The company's Q2 profit surged by 303% to ₹308.5 crore. Brokerages have set a target price of ₹31,250.
Shree Cement Dividend: Shree Cement Limited, a leading cement manufacturer, has presented a significant gift to investors for the financial year 2025-26. The company has declared an interim dividend of ₹80 per share, equivalent to 800%. This dividend will be given to investors holding shares until the record date of November 3, 2025, with payments commencing from November 14. In the second quarter, the company's profit jumped 303% year-on-year to ₹308.5 crore, while revenue stood at ₹4,761 crore. A brokerage firm has assigned a neutral rating to the stock, setting a target price of ₹31,250.
₹80 Dividend Per Share
The dividend was approved at a meeting of the company's Board of Directors. This decision was made during the board meeting held on Monday, which started at 3 PM and concluded at 4:05 PM. Shree Cement announced that an interim dividend of ₹80 would be paid on each share with a face value of ₹10.
The company has set November 3, 2025, as the record date for this dividend. This means that investors holding the company's shares by this date will be eligible for this benefit. Dividend payments will commence from November 14, 2025.
Following this announcement, investor interest in Shree Cement shares has increased. This move by the company in the market could further strengthen investor confidence.
Company's Q2 Profit More Than Triples
Shree Cement's September quarter results were exceptionally b. The company's net profit saw a significant year-on-year jump of 303.6 percent, reaching ₹308.5 crore, compared to a profit of ₹76.44 crore in the same quarter last year.
Regarding revenue, the company's total income increased by 17.4 percent to ₹4,761 crore, up from ₹4,054.2 crore a year ago. This is a result of increasing demand for the company's products and improved pricing policies.
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also showed robust improvement. This figure rose to ₹974 crore from ₹613.5 crore last year, indicating an approximately 59 percent improvement in the company's operating efficiency.
Brokerage Firms' Stance
Following the company's stellar results and dividend announcement, brokerage firms have also shared their views on Shree Cement. Some firms have maintained a neutral rating on the company, while others have increased the target price for its shares.
A prominent brokerage firm has given a neutral recommendation on Shree Cement shares and set its target price at ₹31,250. The firm states that the company's performance is stable, and margins are improving, but monitoring cost pressures and competition remains crucial.
Meanwhile, some analysts believe that Shree Cement's b results could continue in the coming quarters due to the company's robust order book and positive demand indicators.
Increased Market Buzz, Rush to Buy Before Record Date
Following the dividend announcement, investors are now focused on the record date. Typically, stock prices tend to rise after companies declare dividends, and the same trend is being observed with Shree Cement.
Investors are showing interest in purchasing these shares before the record date to be eligible for the ₹80 per share benefit. Currently, the company's share price is experiencing a slight upward trend in the market.
Shree Cement is one of India's leading cement companies and is counted among the country's companies with a b balance sheet. The company has a significant focus on cement production, power generation, and environmentally friendly production processes.
