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SHREE CEMENT LTD

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SHREECEM trade ideas

realty and infra will do good in futureShree Cement Limited is one of India’s major cement producers with an annual installed capacity of 40.4 million tonne per annum (MTPA) in India and 44.4 MTPA including overseas. It has an installed power generation capacity of 742 megawatt (MW) including 234 MW capacity from renewable energy power plant. It manufactures different types of cement, including: - Ordinary portland cement (OPC) - It refers to the hydraulic binding material ground by mixing portland cement clinker, blended materials and appropriate amount of gypsum. Portland pozzolana cement (PPC) - It is made by mixing ordinary portland cement with pozzolanic (siliceous) materials such as silica, volcanic ash, fly ash, pond ash, etc. It can be reliably utilised in the construction of marine structures, masonry mortars & plastering and hydraulic structures. Portland slag cement (PSC) - It is a blended cement which is created with a combination of slag, clinker and gypsum. It is the most suitable cement for infrastructure projects because of its high flexural strength and low heat of hydration. It is having 4 integrated manufacturing plants and 8 grinding units in India along with 1 plant in United Arab Emirates (UAE). It has a diversified brand portfolio consisting of Bangur Power & Bangur Cement under Bangur brand and Rockstrong, Roofon, & Shree Jung Rodhak under Shree brand to cater to a cross section of customers. The long term outlook remains positive due to persistent infrastructure spending and low cost housing initiative (Pradhan Mantri Aawas Yojna) by Government of India (GOI) that might boost demand for cement. • Rising income levels and per capita consumption would increase demand for housing and real estate which accounted ~55% of cement consumption in FY20. • The GOI launched the National Infrastructure Pipeline (NIP) in September, 2019, thereby laying five year plans for investments of ₹111 lakh crore in infrastructure creation (about 7,400 projects) by 2025 which aims to invest in projects across energy, social & commercial infrastructure, communication, water and sanitation. • The Bharatmala project encompasses 83,677 kilometer of road construction to interconnect 550 district headquarters (from current 300) through a minimum 4-lane highway for an estimated project cost of ₹5.35 lakh crore. Infrastructure sector accounts for ~22% of cement consumption in India after housing sector (~55%). • It has an oligopoly market where large players would benefit from pricing power. Additionally, the sector faces low threat from substitutes FUTURE OUTLOOK • Availability of limestone for cement manufacturing would be important for existing and future plant requirements. Adhering to this, the company plans to acquire limestone mines in auctions at existing and new strategic locations. • The company is exposed to market volatility of fuel prices as it sources fuel from open market. Hence, any drastic appreciation in fuel cost would hit the margins of the company going forward. Additionally, to reduce reliability on conventional fuel, it would continually invest in setting up of renewable energy power plant. • It is also looking to procure advanced equipment to reduce emission of carbon dioxide to comply with greenhouse gas (GHG) limits or required technological standards. • The company plans to increase its grinding capacity to 57 million tonne (MT) in 3 years and 80 MT in 6 years from current capacity of 40 MT, the process of expansion having already started. • It also plans to strengthen and optimize its distribution network to reduce its inward/outward freight costs. Additionally, it looks to introduce new brands and enhance its existing brands to cater to changing customer needs going forward. • The company might grow inorganically through acquisitions to achieve synergy with existing plants and expand capacity.
NSE:SHREECEMLong
by Tradernawab
1
Shree Cement (Only RSI above 40 in hourly can save bulls) Shree cement is forming head and shoulders pattern in daily time frame, if it breaks down neckline then it can show more down fall, and above neckline if it survive with rsi above 40 in hourly time frame, then only it can go for further up moves towards blue resistance line , between black neckline and blue resistance line it could be a sideways, and breakout above blue resistance line only can allow bulls to take charge. Head and Shoulder Pattern in daily time frame Black Neckline and Blue Resistance line Key Levels in hourly Lower key levels Upper key levels Daily MACD Negative Crossover and downtick Weekly MACD Negative Crossover and downtick Hourly MACD is Uptick and positive crossover Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:SHREECEM
by RK_Chaarts
1