Shree Cement (SHREECEM) Share Price Falls 2.28% Today as Stock Slips to Rs 23,420.05

Shree Cement Share Price fell to Rs 23,420.05 on 07 September 2026, down 2.28% or Rs 547.05 from the previous close of Rs 23,967.10. The company’s market capitalisation stood at Rs 86,475.09 crore, keeping it in the Large Cap segment. The stock also traded at its session low at the time of the update, which shows that intraday pressure was still present when the data was captured.

The stock opened at Rs 23,834.35, touched an intraday high of Rs 23,903.95, and then moved lower to Rs 23,420.05. Turnover stood at Rs 0.55 crore. The supplied dataset confirms the day’s decline, but it does not identify a company-specific trigger behind the move, so any explanation beyond the numbers would be speculative.

For investors, the main questions now are straightforward: how weak the intraday structure looks, whether the stock is trading below important moving averages, and how its valuation compares with the wider Cement & Construction Materials space. Those factors matter because Shree Cement remains one of the bigger listed names in its sector, and a notable one-day fall can quickly shift attention back to fundamentals and peer positioning.

Shree Cement (SHREECEM) Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 23,420.05
Previous Close	Rs 23,967.1
Today's Move	-Rs 547.05 (-2.28%)
Open	Rs 23,834.35
High	Rs 23,903.95
Low	Rs 23,420.05
Turnover	Rs 0.55 crore
Market Capitalisation	Rs 86,475.09 crore
Market Cap Category	Large Cap

Today’s price structure was weak from the start. The opening price of Rs 23,834.35 was already below the previous close of Rs 23,967.10, and the stock did not reclaim that level during the session. The intraday high was Rs 23,903.95, still below the prior close, which suggests sellers stayed in control through most of the trading window reflected in the dataset.

The current price matching the day’s low is also notable. When a stock trades near the bottom of its session range, it often indicates that weakness has not yet been fully absorbed. That does not tell investors what comes next, but it does describe the tone of the day’s trade accurately. In this case, the tone was clearly negative, with a fall of Rs 547.05.

Momentum indicators add to that cautious reading. The RSI was 33.56, while the stock was also below its 50 DMA of Rs 24,915.38 and 200 DMA of Rs 25,426.86. Those figures do not confirm any future path, but they show that the stock was trading under both medium-term and long-term average levels in the supplied snapshot.

Shree Cement (SHREECEM) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 86,475.09 crore
P/E Ratio	53.05x
P/B Ratio	3.63x
ROE	7.81%
ROCE	10.61%
EPS	Rs 451.79
Book Value Per Share	Rs 6,595.94
Dividend Yield	0.63%

Beyond the daily move, the stock’s valuation profile remains an important part of the discussion. Shree Cement trades at a P/E ratio of 53.05 and a P/B ratio of 3.63. Those are not just standalone numbers; they shape how the market may judge the company’s earnings base and balance-sheet value against the current market price.

Profitability metrics are positive. ROE stands at 7.81% and ROCE at 10.61%, while EPS is Rs 451.79 and book value per share is Rs 6,595.94. Dividend yield is 0.63%. Taken together, these figures suggest the company is profitable and sizeable, but they also explain why investors often compare the stock closely against peers before drawing conclusions from a sharp one-day decline.

That is why the Shree Cement Share Price move matters beyond intraday action alone. A Large Cap company can still see close scrutiny when valuation multiples appear rich relative to some peers, even if profitability remains positive.

Sector and Industry Context

Metric	Value
Sector	Construction Materials
Industry	Cement & Construction Materials
Benchmark Scope	same industry
Company P/E Ratio	53.05x
Benchmark Median P/E	31.19x
Benchmark Average P/E	48.15x
Benchmark P/E Range	8.56x to 345.27x
Company P/B Ratio	3.63x
Benchmark Median P/B	1.2x
Benchmark Average P/B	1.5x
Company ROE	7.81%
Benchmark Median ROE	3.51%
Benchmark Average ROE	-6.77%
Company ROCE	10.61%
Benchmark Median ROCE	6.33%
Benchmark Average ROCE	-0.53%
Company Market Capitalisation	Rs 86,475.09 crore
Benchmark Median Market Cap	Rs 1,092.74 crore
Benchmark Average Market Cap	Rs 17,400.32 crore

The same-industry benchmark covers 42 companies, which makes it useful for context. Shree Cement’s P/E of 53.05 is above the industry median of 31.19 and also above the average of 48.15 across the 27 companies with P/E data. Its P/B of 3.63 is above the industry median of 1.20 and average of 1.50.

At the same time, return ratios are stronger than the benchmark medians. ROE of 7.81% is above the median of 3.51%, and ROCE of 10.61% is above the median of 6.33%. The company is also much larger than the typical listed peer by market value, with Rs 86,475.09 crore versus an industry median of Rs 1,092.74 crore and average of Rs 17,400.32 crore.

This creates a mixed but important picture: the stock trades at richer valuation multiples, yet its return ratios are better than the same-industry median. That combination often keeps investors focused on whether current pricing already reflects the company’s strengths.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
Ultratech Cement	ULTRACEMCO	3,34,401.92	39.16	4.23	11.14	13.25
Ambuja Cements	AMBUJACEM	1,00,759.34	23.02	1.68	10	6.24
JK Cement	JKCEMENT	39,144.87	41.4	5.35	15.05	14.89
Dalmia Bharat	DALBHARAT	32,800.6	35.16	1.81	6.55	8.15
ACC	ACC	24,101.56	12.63	1.16	10.93	11.6

Among major peers, Shree Cement’s market cap is below Ultratech Cement and Ambuja Cements, but above JK Cement, Dalmia Bharat and ACC. On valuation, its P/E of 53.05 is higher than all five peers listed here. Its P/B of 3.63 is lower than JK Cement’s 5.35 and Ultratech’s 4.23, but higher than Ambuja, Dalmia Bharat and ACC.

Profitability is more mixed. ROE of 7.81% is below Ultratech, Ambuja, JK Cement and ACC, though above Dalmia Bharat. ROCE of 10.61% is below Ultratech, JK Cement and ACC, but above Ambuja and Dalmia Bharat. So the stock carries a premium earnings multiple without topping this peer set on every return metric.

Why Investors Are Watching Shree Cement

• The stock declined 2.28% to Rs 23,420.05 and was trading at the day’s low at the time of the update.
• RSI stood at 33.56, indicating weak momentum in the supplied snapshot.
• The stock was below both the 50 DMA of Rs 24,915.38 and the 200 DMA of Rs 25,426.86.
• Valuation remains above industry medians, with P/E at 53.05 and P/B at 3.63.
• ROE of 7.81% and ROCE of 10.61% still place profitability above same-industry median levels.

About Shree Cement

Shree Cement operates in the Construction Materials sector under the Cement & Construction Materials industry. With a market capitalisation of Rs 86,475.09 crore, it is one of the larger listed companies in its segment. That scale alone can keep the counter in focus during notable one-day declines, especially when valuation and profitability data are already being watched closely.

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Frequently Asked Questions

Why did Shree Cement Share Price fall today?

Ans. The stock fell 2.28% or Rs 547.05 to Rs 23,420.05 on 07 September 2026. The supplied data confirms the decline, but it does not identify a company-specific reason for the move.

What is the current price of SHREECEM?

Ans. At the time of this update, SHREECEM was at Rs 23,420.05. The previous close was Rs 23,967.10, while the day’s range was Rs 23,420.05 to Rs 23,903.95. The stock moved 2.28% lower during the session.

Is Shree Cement expensive compared with its industry?

Ans. Based on the supplied benchmark, the company’s P/E of 53.05 is above the industry median of 31.19 and average of 48.15. Its P/B of 3.63 is also above the industry median of 1.20 and average of 1.50.

How does it compare with key cement peers?

Ans. Its market cap is below Ultratech Cement and Ambuja Cements, but above JK Cement, Dalmia Bharat and ACC. Its P/E of 53.05 is higher than all five peers listed in the comparison table.

What profitability metrics are available for the company?

Ans. The supplied figures show ROE of 7.81%, ROCE of 10.61%, EPS of Rs 451.79, book value per share of Rs 6,595.94, and dividend yield of 0.63%. The relevant peer median ROE is 3.51%.