Shree Cement: Market Share Concerns in North Region, Motilal Oswal Maintains Neutral Rating

Overview

Motilal Oswal's research report highlights Shree Cement's slower capacity expansion in North India, leading to market share loss and potential pricing strategy risks. While premium cement share is growing, it lags peers. The report forecasts moderate earnings growth, values the stock at 17x-15x FY27-28E EV/EBITDA, and maintains a Neutral rating with a price target of INR 30,030.