1 Among the top 10 cement producers in India. 2 ORGANISATION AND PERFORMANCE.

*Among the top 10 cement producers in India

*ORGANISATION AND PERFORMANCE

*SHREE PHILOSOPHYQuality & Energy ConsciousEnvironment FriendlyEmployee Friendly Socially ResponsibleCustomer ResponsiveInvestors RewardingSustainable OrganizationAn Energy & Environment Conscious Sustainable Organisation

*SHREE - ACCREDITATION

ISO 9001-2000 : Quality & Energy ConsciousISO 14001 : Environment FriendlyOHSAS 18001 Health and Safety firstSA 8000 Socially Responsible

*Board of DirectorsSHREE PROFESSIONALLY MANAGED

Sheet2

Stage of DevelopmentCountryCement Prod (MT)

IIIIndia110

VChina750

VIUSA93

VIJapan72

Total World1860

Sheet3

Mr. B G BangurExecutive Chairman

Mr. H M BangurManaging Director

Dr. Y K AlaghEx-Union Cabinet Minister & Economist

Mr. R L GaggarSolicitor

Dr. Abid HussainEx-Ambassador to US

Mr. O P SetiaEx- Managing Director State Bank of India

Mr. Shreekant SomanyTechnocrat

Mr. A GhoshFormer Dy. Governor, RBI

Mr. M K SinghiExecutive Director

Shri H.M. BangurManaging Director

Shri M.K. SinghiExecutive Director

Shri Ashok BhandariChief Finance Officer

Shri S. S. JainSr. Vice President (Tech)

Shri D. PayalSr. Vice President (Mktg)

Shri H.C.KabraVice President (Power Plant)

Shri S. M. KhiraJt. Vice President (Tech)

Shri C. R. BiyaniJt. Vice President (IT)

Shri Prashant BangurSenior Executive

Sheet1

Mar' 0177.20

Mar' 0275.40

Mar' 0379.30

Mar' 0481.12

Cement demandSupply

Mar' 0193121

Mar' 02102135

Mar' 03111140

Mar' 04118145

Mar' 05127145

Mar' 06137145

Mar' 07148145

Mar' 08160145

Mar' 09173145

Mar' 10187145

2000-012001-022002-032003-04

Capacity28303032

Production24242729

1Consumption24313436

2000-012001-022002-032003-04

Capacity49495254

2Production38414243

Consumption25272830

2000-012001-022002-032003-04

3Capacity9111112

Production78109

Consumption13151616

2000-012001-022002-032003-04

Capacity35454446

4Production27303336

Consumption24263031

Sheet1

0

0

0

0

Capacity Utilisation

00

00

00

00

00

00

00

00

00

00

Cement demand

Supply

000

000

000

000

Capacity

Production

Consumption

000

000

000

000

Capacity

Production

Consumption

000

000

000

000

Capacity

Production

Consumption

000

000

000

000

Capacity

Production

Consumption

*SHREE - SNAPSHOT A BG-HM Bangur group cement focused CompanyCapital Investment: Rs. 2001 Crore (as on Mar. 07)Expected Capital Investment : Rs.2500 Crore (By March 2008)

*SHREE A GROWING ORGANIZATION

*PROFESSIONALLY QUALIFIED AND EFFICIENT MANPOWERWell experienced and skilled manpower resources capable of handling both project implementation and operations The skill enhancement is a regular exercise under a well defined training manual Company imparts more than 20,000 hours of in-house training to its employees every year

Rising manpower productivity reflect high engagement level of employees in the Company

Chart1

2226

2304

2354

2567

2620.0873362445

Tonne/Person

Year

Tonne/Person

Manpower Productivity

Sheet1

Attrition (Percent)

YearNumbersAttrition

1999-2000345.57

2000-01264.27

2001-02314.82

2002-03233.4

2003-04405.65

Sheet1

00

00

00

00

00

Numbers

Attrition

Year

Number

Attrition (Percent)

Sheet12

YearTonne/Person

2001-022029

2002-032226

2003-042304

2004-052354

2005-062567

2006-072620

Sheet12

0

0

0

0

0

0

Tonne/Person

Year

Tonne/Person

Manpower Productivity

Sheet2

Training

Particulars2001-022002-032003-04

In-houseExternalIn-houseExternalIn-houseExternal

Programmes283325272962629

Participants484955879448648345

Person -days spent on training110115418061502240155

Person -hours of training88041232144471200179231245

Person-hours per member8.3311.0117.43

Sheet2

00000

00000

00000

00000

00000

00000

Programmes

Participants

Person -days spent on training

Person -hours of training

Person-hours per member

Training

Sheet11

FIFTEEN -YEAR

HIGHLIGHTS

Sl.No.YearClinker Production (in M.T.)Cement Production (in M.T.)Sales Quantity (In M.T.)Sales value (In Rs.lac)Net Worth ( In Rs.lac)Book value (Rs.per share

11988-89 ( 15 month)6793747379307309857999.952103.9710.52

21989-906611207865947776129356.532105.5510.53

31990-9177007388556588748313454.553210.1616.05

41991-9268955076441675276413496.544624.0822.24

51992-9380358779806480745014527.866328.425.94

61993-9485822687615088940115652.657124.7428.92

71994-9589329192723392700518144.38858.9935.99

81995-9588753286196486755120765.8813487.4346.46

91996-97 (15 Monuths)10792421185426116208625112.1918202.7652.25

101997-981435803172553116623323427819056.8654.7

111998-9919454182043609209071544214.519654.4856.42

121999-0022847812312408231013548456.1321939.1460.82

132000-0121132792383366240027055.460.4824705.9866.61

142001-02 (9 Months)16246861806358180215639721.6921560.5961.89

152002-0322850912746880272548558242.9422239.7363.84

162003-0422936272840596284139660692.8825138.2872.16

ABSOLUTE15 years3.383.853.897.5911.956.86

NO.OF10 years2.673.243.193.883.532.5

TIMES5 years1.181.391.361.371.281.28

CAGR15 years8.45%9.40%9.47%14.46%17.98%13.70%

10 years10.33%12.48%12.3214.51%13.44%9.57%

5 years3.35%6.81%6.33%6.54%5.04%5.05%

Sheet11

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

000000

Clinker Production (in M.T.)

Cement Production (in M.T.)

Sales Quantity (In M.T.)

Sales value (In Rs.lac)

Net Worth ( In Rs.lac)

Book value (Rs.per share

FIFTEEN -YEAR HIGHLIGHTS

Sheet10

(Rs.in lacs)

Particulars31.03.0431.03.03

A.. Market value:

Market Capitalisation48946.315868.36

Debt Funds34941.7336493.57

83888.0352361.93

B. Economic book value :

Net worth25138.2822239.73

Debt Funds34941.7336493.57

60080.0158733.3

C. Market value Added23808.02-6371.37

Sheet10

00

00

00

00

00

00

00

00

00

00

31.03.04

31.03.03

Sheet9

Three year TSR (%)

Shree Cement1999-0020001-012001-02 ( 9 months )2002-032003-04

Price as on 1st july April ( three years earlier)23.215.7532.225.530.8

Price as on 30 th july /31st March24.6531.4541.6545.55140.5

Difference1.4515.79.4520.05109.7

Add: Dividend (Cumulative)-124.56.5

TSR1.4516.711.4524.55116.2

TSR (%)6.25106.0335.5696.27377.27

Average TSR (%)2.0835.3411.8532.09125.76

BSE Sensex return (%)3.472.33-5.44-12.3721.38

Sheet9

00000

00000

00000

00000

00000

00000

00000

00000

1999-00

20001-01

2001-02 ( 9 months )

2002-03

2003-04

Tree year TSR (%)

Sheet8

Annual TSR

Shree Cement1999-002000-012001-02 (9months)2002-032003-04

Opening price as on 1st july April (Rs per share32.225.530.842.1545.9

Closing price as on 30th June/ 31 March (Rs per share)24.6531.4541.6545.55140.5

Difference-7.555.9510.853.494.6

Add: Divided (Rs. per share)-112.53

TSR-7.556.9511.855.997.6

TSR(%)-23.4527.2538.4714212.64

Market return (%)14.58-28.651.85-12.4684.05

Sheet8

00000

00000

00000

00000

00000

00000

00000

1999-00

2000-01

2001-02 (9months)

2002-03

2003-04

Annual TSR

Sheet7

Fly ash consumption and reduction in CO2

YearFly ash consumption (tons)Reduction in CO2 (tons)

1999-200070,56759,982

2000-011,16,42998,965

2001-02 (9 months)1,51,7481,28,986

2002-032,31,5611,96,826

2003-043,52,3982,94,675

Sheet6

Inventories

YearRs.

1999-20003.49

2000-015.59

2001-025.91

2002-035.79

2003-044.8

Sheet6

0

0

0

0

0

Rs.

Turnover /working capital ratio

Sheet5

Labour cost

NumberYearRs.per tonne

201999-200063.49

402000-0169.63

602001-0274.96

802002-0388.9

1002003-0487.8

Sheet5

0

0

0

0

0

Rs.per tonne

year

number

Labour Cost Rs.per tone

Sheet3

Shree' HR management is marked by career prospects

YearPercentage of promotions

1998-9938.81

1999-200017.61

200-01 and 2001 -02 (nine months)31.72

2002-0327.52

Sheet3

0

0

0

0

Shree' HR management is marked by career prospects Percentage of promotions

Year

Percentage of promotions

Shree' HR management is marked by career prospects Percentage of promotions

Sheet4

Liberal employer

YearBonus (Rs)

19998751

20008851

20019001

20029101

20039201

Sheet4

00

00

00

00

00

Year

Bonus (Rs)

Year

Liberal employer

*Shree Location Perennial Cost AdvantageShree PlantsOther Cement PlantsCement Grinding PlantsLocational proximity to key markets resulting in low logistic cost

Relative advantage of Freight from JaipurCompanyDistanceDifferenceFreight/tDifferenceShree200310Ambuja235-35368-58J K Cement348-148470-160Grasim330-130415-105Lakshmi Cement465-265575-265Binani Cement460-260540-230

Relative advantage of Freight from DelhiCompanyDistanceDifferenceFreight/tDifferenceShree490695Ambuja505-15730-35J K Cement610-120780-85Grasim600-110725-30Lakshmi Cement735-245920-225Binani Cement730-240910-215

*SHREE Sound FinancialsProfit & Loss Account Mn. Rs.Balance SheetComfortable Debt- Equity RatioKey Ratios

Consistent investment in fixed assets sows Shrees commitment towards regular expansion and modenization of production facilities.

Particulars03-0404-0505-0606-07ROCE %14.5921.9324.6139.36RNW%19.0118.529.6519.77Asset Turnover (Times)1.181.001.081.03Interest Cover (Times)3.568.7717.5561.01Debtors Turnover( Days)17.8812.098.095.94

Constant NCR

Summarised Profit & Loss Projections

Particulars2001-02*2003-042004-05P2005-06P2006-07P

Revenues & other income4,0936,1277,3728,6119,825

% YoY0%20%17%14%

EBITDA Margins8251,3381,7851,9942,173

Interest327387205233248

Depreciation431734694590628

Profit Before Tax672178861,1711,298

Tax528768199178

Profit After Tax151308189721,120

% YoY0%528%19%15%

Summarised Balance Sheet

Particulars2001-022003-042004-05P2005-06P2006-07P2004-052005-062006-07

Capital498348348348348348348348

Reserves & Surplus3,6173,6864,3865,2406,2423,6863,6863,686

Shareholders Funds3,5993,4004,7345,5896,5903,5293,5105,038

Loans3,0653,4944,4544,6723,7302,9713,7279,314

Deferred Tax5176356316900.0

Total7,1817,5299,18810,26110,3217,1317,92714,351

Gross Fixed Assets8,4469,86010,19012,91313,0139,87512,93216,573

Investments0.00.00.0500

Net Fixed Assets6,2726,2567,4127,9957,2686,3537,2778,919


Net Current Assets9091,2731,7772,2663,0537786494,895

Deferred Tax Assets0.00.00.037

Total7,1817,5299,18810,26110,3217,1317,92714,351

Notes :

1. The NCR for the year 2004-05 and thereafter has been taken at Rs.1500.

2. Deferred Tax has been shown under the head Reserves & Surplus

3. Provision for Deferred Tax has not been taken in Projections

Declining NCR


Particulars2001-02*2002-032003-042004-05P2005-06P2006-07P

Revenues & other income4,0935,8596,1277,3728,2609,225

% YoY5%20%12%12%

EBITDA Margins8251,0661,3381,7851,6441,573

Interest327339387205233248


Profit Before Tax67123217886821698

Tax525687686353

Profit After Tax1567130818758644

% YoY95%528%-7%-15%


Particulars2001-02*2002-032003-042004-05P2005-06P2006-07P

Capital498348348348348348

Reserves & Surplus3,6173,6043,6864,3865,0265,552

Shareholders Funds4,1163,9524,0354,7345,3745,900

Loans3,0653,5973,4944,4544,6723,730

Total Liabilities & Equities7,1817,5497,5299,18810,0469,631

Gross Block8,4468,6549,86010,19012,91313,013

Net Block incl. CWIP6,2726,5876,2567,4127,9957,268


Net Current Assets8969541,2651,7772,0512,363

Total Assets7,1817,5497,5299,18810,0469,631

Notes :

1. The NCR for the year 2004-05, 2005-06 and 2006-07 has been taken as Rs.1500,Rs.1400 and

Rs. 1350 respectively



Sheet2

Sheet3

Constant NCR


Particulars2001-02*2003-042004-052005-062006-07P2006-07

Net Revenue4,0934,7755,8587,0009,82513,911

% Growth Year on Year5%23%19%40%99%

EBIDTA8251,3241,7392,2152,1736,134

% Growth Year on Year26%31%27%177%

Adjustment related to earlier years(37)(195)

Interest327372198128248104

Depreciation431734123018526284331

Profit Before Tax672173112711,2981,894

Tax52872187178124

Profit After Tax151302911841,1201770

% YoY0%123%-37%508%58%


Particulars2001-02*2003-042004-05P2005-06P2006-07P2005-06P

Capital498348348348348348



Loans3,0653,4944,4544,6723,7304,672


Gross Block8,4469,86010,19012,91313,01312,913


Investments1380.00.00.00.0

Net Current Assets8961,2651,7772,2663,0532,266

Total Assets7,1817,5299,18810,26110,32110,261

Notes :

1. The NCR for the year 2004-05 and thereafter has been taken at Rs.1500.



Declining NCR


Particulars2001-02*2002-032003-042004-05P2005-06P2006-07P

Revenues & other income4,0935,8596,1277,3728,2609,225

% YoY5%20%12%12%

EBITDA Margins8251,0661,3381,7851,6441,573

Interest327339387205233248


Profit Before Tax67123217886821698

Tax525687686353

Profit After Tax1567130818758644

% YoY95%528%-7%-15%


Particulars2001-02*2002-032003-042004-05P2005-06P2006-07P

Capital498348348348348348



Loans3,0653,5973,4944,4544,6723,730


Gross Block8,4468,6549,86010,19012,91313,013



Net Current Assets8969541,2651,7772,0512,363

Total Assets7,1817,5497,5299,18810,0469,631

Notes :

1. The NCR for the year 2004-05, 2005-06 and 2006-07 has been taken as Rs.1500,Rs.1400 and

Rs. 1350 respectively



Sheet2

Sheet3

*SHREE-GLOBALLY ENERGY EFFICIENT COMPANY WELL AGAINST INTERNATIONAL STANDARDSNo comparing. Boundary differs in each country.

Graph13

106.3Australia

102.4074439462Korea

90.7063558494Japan

83India

70.72Shree Cement

Net

Gross

(Units ton of cement)

Specific electric power consumption of cement production

Kiln Type

Aus.Jpn.KoeraU.S.Total

NSP5483544132

SP21053956

Dry1005152

Wet7005259

Vertical Shaft00000

Total155840186299

Kiln Type

0000

0000

0000

0000

0000

Australia.

Japan.

Korea

U.S.A

Kiln Type

Sheet1

Production

AustraliaJapanKorea

Aus.Jpn.KoeraU.S.NSP37585754344675

Portland73505115045527114469SP197275933576

Blended19691548088031856Dry9000

Others05052142094Wet83700

Total93197168255750116419

Aus.Jpn.KoeraU.S.

Portland79%71%82%98%

Blended21%22%16%2%

Others0%7%3%0%

Production

000

000

000

000

Portland

Blended

Others

CO2 emosisions

0000

0000

0000

NSP

SP

Dry

Wet

[kt/yr]

Clinker production by kiln type

MIC

Specifc CO2 emissions from energy

netkg-CO2/t-cem.

AustraliaJapanKoreaU.S.A.

350294282

Total specific CO2 emissionskg-CO2/t-cem.

AustraliaJapanKorea

766722736

Specific energy consumptionMJ/r-t-cem.

AustraliaJapanKorea

369534073518

MIC

0

0

0

kg-CO2/t-cem.

Specific CO2 emissions form energy(Net)Net = Natural fossil fuels

Pollutanats

0

0

0

kg-CO2/t-cem.

Total specific CO2 emissions (Net)Net = Natural fossil fuels

0

0

0

Heating value = Higher ; Australia, Japan, Lower ; Korea

MJ/t-cem.

Specific energy consumption (Net)Net = Natural fossil fuels

Clinker production[kt/yr]MIC

Aus.Jpn.KoeraU.S.Mineral components used produce clinker

66576513648251AustraliaJapanKoreaU.S.A.

Slag14560.002

Fly-ash683714202128

Other5083493421588

total501664248412716

Portland7.5108907916255.4961925817100.3295268492

Aus.Jpn.KoeraU.S.

73505115045527114469Mineral components used to produce portland & blended cements


BlendedSlag290777453500.091

Aus.Jpn.KoeraU.S.Fly-ash1511007612811

19691548088031856Gypsum by-prod.25711169741

Other256104456595716

Totaltotal69710445659514268

Aus.Jpn.KoeraU.S.82.2613006019145.7130102397118.2959641256123

84737168255750116000

Total


747270871143616984

88.1623982061377.8772913702205.130044843146.4137931034

0

0

0

kg/t-cli

Mineral components used to produce clinker

0

0

0

0

kg/t-cem.

Mineral components used to produce Portland and blended cements

0

0

0

0

kg/t-cem.

Mineral components used to produce clinker , Portland and blended cements

000

000

000

000

Slag

Fly-ash

Others

[kt-wet/yr]

Mineral components used produce clinker

0000

0000

0000

0000

Slag

Fly-ash

Gypsum by-prod.

Others

[kt-wet/yr]

Mineral components blended to produce cements

0

0

0

0

[kt-wet/yr]

Mineral components used to produce clinker and cements

AustraliaJapanKorea

SOx0.1480.02230.0144

NOx2.261.5221.2889

Stack dust0.1070.03020.0238

000

000

000

SOx

NOx

Stack dust

Specific emissions [kg/t-cli.]

Pollutants

0

0

0

SOx


Pollutants SOx

0

0

0

NOx


Pollutants NOx

0

0

0

Stack dust


Pollutants Stack dust

AustraliaJapanKoreaAustraliaJapanKorea

Net413328862851Net413328862851

Gross+Biomass433031113153Gross+Biomass197225301

AustraliaJapanKoreaAustraliaKoreaJapanIndiaShree Cement

Net106.3090.71102.41Net106102918370.72

Gross106.30100.67102.41

AustraliaJapanKoreaAustraliaJapanKorea

Net363034073518Net363034073518

Gross37853753Gross1550234


AustraliaJapanKorea

4.557.239.51

Non

AustraliaJapanKorea

21.36

Others

AustraliaJapanKorea

0.27

Total

AustraliaJapanKorea

4.555.919.56

/


0.7860.8540.8650.747

00

00

00

Net

Gross

[MJ/t-cli.]

Specific heat consumption of clinker production

00

09.9598365001

00

Net

Gross

[kWh/t-cem.]


000

000

000

Net

Gross

Gross+Biomass

[MJ/t-cem.]

Total specific energy consumption of cement production process

0

0

0

0

Clinker/Cement ratio

0000

0000

0000

Kiln

Non-kiln

Other

Total

[%]

Alternative fuel retio

Graph3

3695

3518

3407

2160

MJ/t-cem.

Specific energy consumption (Net)

Kiln Type

Aus.Jpn.KoeraU.S.Total

NSP5483544132

SP21053956

Dry1005152

Wet7005259

Vertical Shaft00000

Total155840186299

Kiln Type

5483544

210539

10051

70052

0000

Australia.

Japan.

Korea

U.S.A

Kiln Type

Sheet1

Production

AustraliaJapanKorea

Aus.Jpn.KoeraU.S.NSP37585754344675

Portland73505115045527114469SP197275933576

Blended19691548088031856Dry9000

Others05052142094Wet83700

Total93197168255750116419

Aus.Jpn.KoeraU.S.

Portland79%71%82%98%

Blended21%22%16%2%

Others0%7%3%0%

Production

0.78871123510.21128876490

0.71356825980.21595379590.0704779443

0.81662780270.15790134530.025470852

0.98325015680.01594241490.0008074283

Portland

Blended

Others

CO2 emosisions

0000

0000

0000

NSP

SP

Dry

Wet

[kt/yr]

Clinker production by kiln type

MIC

Specifc CO2 emissions from energy

netkg-CO2/t-cem.

Aus.Jpn.KoeraU.S.

350294282

Total specific CO2 emissionskg-CO2/t-cem.

Aus.Jpn.Koera

766722736

Specific energy consumptionMJ/r-t-cem.

AustraliaKoreaJapanShree Cement

3695351834072160

MIC

350

294

282

kg-CO2/t-cem.

Specific CO2 emissions form energy(Net)

Pollutanats

766

722

736

kg-CO2/t-cem.

Total specific CO2 emissions (Net)

3695

3407

3518

Heating value = Higher ; Australia, Japan, Lower ; Korea

MJ/t-cem.

Specific energy consumption (Net)Net = Natural fossil fuels

Clinker production[kt/yr]MIC

Aus.Jpn.KoeraU.S.used produce clinker

66576513648251Aus.Jpn.KoeraU.S.

501664248412716

Portland7.5108907916255.4961925817100.3295268492

Aus.Jpn.KoeraU.S.

73505115045527114469used to produce portland & Blended

Aus.Jpn.KoeraU.S.

Blended69710445659314268

Aus.Jpn.KoeraU.S.82.2613006019145.7130102397118.2600896861123

19691548088031856

Total

TotalAus.Jpn.KoeraU.S.

Aus.Jpn.KoeraU.S.747270871143416984

8473716825575011600088.1623982061377.8772913702205.0941704036146.4137931034

0

0

0

kg/t-cli

Mineral components used to produce clinker

82.2613006019

145.7130102397

118.2600896861

123

kg/t-cem.

Mineral components used to produce Portland and blended cements

88.1623982061

377.8772913702

205.0941704036

146.4137931034

kg/t-cem.

Mineral components used to produce clinker , Portland and blended cements

Aus.Jpn.Koera

SOx0.1480.02230.0144

NOx2.261.5221.2889

Stack dust0.1070.03020.0238

000

000

000

SOx

NOx

Stack dust


Pollutants

0

0

0

SOx


Pollutants SOx

2.26

1.522

1.2889

NOx


Pollutants NOx

0.107

0.0302

0.0238

Stack dust


Pollutants Stack dust

Aus.Jpn.KoeraAus.Jpn.Koera

Net413328862851Net413328862851



Net106.3090.71102.41Net106.3090.71102.41

Gross106.30100.67102.41Gross0.009.960.00


Net363034073518Net363034073518

Gross37853753Gross1550234


Aus.Jpn.Koera

4.557.239.51

Non

Aus.Jpn.Koera

21.36

Others

Aus.Jpn.Koera

0.27

Total

Aus.Jpn.Koera

4.555.919.56

/

Aus.Jpn.KoeraU.S.

0.7860.8540.8650.747

00

00

00

Net

Gross

[MJ/t-cli.]

Specific heat consumption of clinker production

00

00

00

Net

Gross

[kWh/t-cem.]


000

000

000

Net

Gross

Gross+Biomass

[MJ/t-cem.]

Total specific energy consumption of cement production process

0.7143470329

0.8537987221

0.8654887892

0.7470517241

Clinker/Cement ratio

4.55459969474.5545996947

7.233517205121.35549872120.27074850245.9066164858

9.50899463949.5625308135

Kiln

Non-kiln

Other

Total

[%]

Alternative fuel retio

*ENERGY EFFICIENCY - PEER GROUP COMPARISONPower consumption of Unit II of the company at 63.54 units / ton of cement is lowest in Indian cement industry.

ParticularsStandardUltratechACCAmbujaShreeCapacity Utilization (%)948994108116Power Cons. (Kwh/t)98-11087888774Fuel Consumption (Kcal/Kg Clinker)--736730740

*LOWEST COST PRODUCER PEER GROUP COMPARISON* Due to higher use of environment friendly fly ash1216128413241584*

Sheet1

Logistic Cost

Rail-Road- Dispatch

8515

8812

7129

Road dispatch

Rail Dispatch

Years

Percentage

% of Rail & Road Dispatch

Raw Material Cost-Breakup

341388487

218518548

360445519

229691664

Raw Material

Freight & Selling Exp.

Power & Fuel

Cost P/T

Variable Cost Break-up

Revenue Highlights 31.3.07

FINANCIAL PERFORMANCE DURING LAST 15 YEARS

CashCash EarningsO/S No. ofCash EarningsDividendEBITDAFixed Asset

YearProductionEBIDTAINTERESTAMORT.PBDTDEPN.PBTTAXDef. TaxPATEarningsPer TonSharesPer ShareNetworthEBID/Net WorthB/V Per sharePer SharePer TonCreated

119851,132.55590.104.02538.43511.0227.410.027.41

219861,326.23665.644.02656.57542.20114.370.0114.37

319871,277.80731.364.02542.42672.32(129.90)0.0(129.90)

41988-89*1,490.66716.244.02770.40725.3745.030.1544.88

51989-901,457.58638.004.02815.56811.663.900.03.90

190-91885,5652,800.93602.844.022,198.09857.731,340.360.00.01,340.362,198.09248.21200.0010.993,210.1668.47%16.05

291-92764,4163,330.66545.314.022,785.35880.821,904.53318.000.01,586.532,467.35322.78207.9611.864,624.0860.24%22.24

392-93798,0642,014.42552.924.091,461.50904.47557.03113.700.0443.331,347.80168.88243.965.526,328.4023.09%25.94

493-94876,1502,057.68431.684.091,626.00227.431,398.57233.000.01,165.571,393.00158.99246.165.667,124.7422.82%28.92

594-95927,2333,246.37555.793.092,690.5860.322,630.26404.000.02,226.262,286.58246.60246.369.288,858.9930.37%35.99

695-96861,9645,340.14755.850.074,584.29446.314,137.98805.003,332.983,779.29438.45290.3113.0213,487.4333.99%46.46

796-971,185,4265,433.31719.780.064,713.53907.383,806.08252.003,554.084,461.46376.36348.3712.8118,202.7620.72%52.25

897-981,725,5315,753.443,733.5243.352,019.921,114.54905.3851.28854.101,968.64114.09348.375.6519,056.8610.60%54.70

998-992,043,6097,508.104,406.6543.353,101.452,514.11587.344.720.0582.623,096.73151.53348.378.8919,654.4815.78%56.42

1099-002,312,4088,137.894,135.4343.334,002.462,467.801,534.660.00.01,534.664,002.46173.09348.3711.4921,939.1418.24%60.82

1100-012,383,3669,576.864,400.5343.355,176.332,564.832,611.500.00.02,611.505,176.33217.19348.3714.8624,705.9820.95%66.611.006,350.68

1201-021,806,3588,252.253,268.1643.354,984.094,312.56671.53310.41214.37146.754,673.68258.73348.3713.4221,560.5930.82%57.581.00456.844,217.17

1302-032,746,88010,659.723,387.2643.347,272.466,041.081,231.3883.99477.35670.047,188.47261.70348.3720.6322,239.7332.70%63.842.50388.079,211.24

1403-042,840,59613,236.683,721.5043.359,515.187,343.822,171.36166.92700.651,303.799,348.26329.10348.3726.8325,138.2837.85%72.163.00465.984,064.09

1504-053,015,59317,392.661,982.73140.8715,409.9312,296.453,113.48244.14(37.25)2,906.5915,165.79502.91348.3743.5328,948.8953.23%83.104.00576.7613,201.36

05-063,219,94922,148.851,283.362,123.730.016,396.950.0286.24587.350.00.00.0348.370.029,629.6770.42%85.055.00687.8625,128.66

1606-074,799,08861,338.381,037.370.00.043,305.330.08515.55(7,271.22)0.00.00.0348.370.045,454.52132.66%130.486.001278.13

ABSOLUTE15 YRS6.2818.421.900.00.00.00.00.00.09.8355,822.52

NO.OF10 YRS5.0614.111.800.00.00.00.00.00.02.500.0

TIMES5 YRS1.995.570.240.00.00.00.00.00.02.110.0

CAGR15 YRS13.03%21.44%4.38%0.00%0.00%0.00%0.00%0.00%0.00%16.46%

10 YRS17.60%30.30%6.06%0.00%0.00%0.00%0.00%0.00%0.00%9.58%

5 YRS14.78%41.01%-24.95%0.00%0.00%0.00%0.00%0.00%0.00%16.09%

CAGR Movement

15 Years10 Years5 Years

EBITDA21.44%30.30%41.01%

Cash Earnings0.00%0.00%0.00%

Net Worth16.46%9.58%16.09%

Dividend & Retained Earnings as % of PAT

YearPATDiv. Amt.DIV % of PATRet Earnings as % of PAT

2001-02**146.75441.18301%-201%146.750.0

2002-03670.04982.52147%-47%

2003-041,303.791179.0390%10%

2004-052,906.591588.9355%45%

2005-061,840.391986.16108%-8%

2006-070.02383.380%0%

Dividend & Retained Earnings as % of Cash Earnings

YearCash ProfitDiv. Amt.DIV % of PATRet Earnings as % of PATPATEBIDTAEBIDTA %Interest CoverROCEAsst TurnoverRONWInventory TurnoverConversion Ratio

2001-02**4,673.68441.189%91%

2002-037,188.47982.5214%86%6.70106.600%3.1519.221.1917.7138.971.19

2003-049,348.261179.0313%87%13.04132.370%3.5622.281.1819.0135.351.25

2004-0515,165.791588.9310%90%29.07173.930%8.7729.301.0018.5236.641.24

2005-060.01986.160%0%0.0221.490%17.5535.281.0810.9050.021.32

2006-070.02383.380%0%0.0613.380%61.0159.701.0324.0635.311.41

Road & Rail Dispatch

Road dispatchRail Dispatch

2004-058515

2005-068812

2006-077129

Raw Material Cost

Shree (Mar. 07)Ambuja (Dec. 06)ACC (Dec. 06)Ultratech (Mar. 07)

Raw Material341218360229

Power & Fuel487548519664

Freight & Selling Exp.388518445691

2002-032003-042004-052005-062006-07

Amount% to totalCost/PTAmountCost/PTAmount% to totalCost/PTAmount% to totalCost/PTAmount% to totalCost/PT

Lime Stone4176.8872%1524462.3304359.5660%1444268.0448%1256346.1439%132

Gypsum807.0414%29982.940917.2413%301132.2313%332493.7515%52

Flyash695.9712%251327.3401586.7422%532681.7530%786288.6238%131

Others99.712%4328.80351.365%12879.8510%261288.078%27

5779.60100%2107101.412507214.90100%2398961.87100%26216416.58100%341

CAsh - Ton

248.2132875622

322.7758184025

168.8836985505

158.991040347

246.6025260102

438.4510257969

376.3592160118

114.0889384195

151.5324115327

173.0862373768

217.1856945178

258.7349794448

261.6958148882

329.0950209041

502.9123625105

573.1618730607

1079.0687730669

Cash Earnings Per Ton

Year

Rs. Per Ton

Cash Earnings Per Ton

Converion Ratio

1.19

1.25

1.24

1.32

1.41

Years

Clinker to Cement Ratio

Net Sales

455.69

473.23

582.08

669.39

1367.98

Years

Rs. in Cr.

Net Turnover

PAT

6.7004

13.0379

29.0659

18.4039

177.0023

Profit After Tax

Year

Rs. In Cr.

CAsh - Share

20.6345839194

26.8342853862

43.5335706289

52.976473425

148.6498914953

Cash Earnings Per Share

Year

Rs. Per Share

CAGR

0.21435817280.22498791790.164582114

0.30304010610.30666447780.0958320125

0.41008157460.52729181970.1608691954

EBIDTA

Cash Earnings

Net Worth

CAGR

CAsh EArn Distr.

0.13667998890.8633200111

0.12612293620.8738770638

0.10477067140.8952293286

0.10761875040.8923812496

0.04602411560.9539758844

Dividend as % of Cash Earnings

Retained Earnings as % of Cash Earnings

Year

%

Distribution of Cash Earnings

EBITDA

106.59720.2339248173

132.36680.2797092323

173.92660.2988018829

221.48850.3308811007

613.38380.4483865261

&A

Page &P

EBITDA

EBIDTA Margin

Ceemt Prod

Blended Cement Prod

Blended Cement Production

Div. Per Share

2.5

3

4

5

6

Dividend Per Share

Year

Rs. Per Share

EBITDA-Ton

388.0664608574

465.9824909984

576.7575398935

687.8633792026

1278.1257605612

EBITDA Per Ton

Year

Rs. Per Ton

Fixed Assets Created-to be modi

4673.684217.17

7188.479211.24

9348.264064.09

15165.7913201.36

18455.5225128.66

Cash Flow from operations

Capital Expenditure

Year

Rs. lac

Fixed Assets Created

Cost & Ratios

Variable cost details - Last 5 years

Cement Prod.1806358274688028405963015593321994947.99088

disp.Rs. / Ton

Particulars2001-022002-032003-042004-052005-062006-07

Raw Material212210250239260342

Fuel171154198288253

Power325274113166140

Logistics329289300287321

Staff Cost7589888796121

Interest Amount (Rs. Lac)3268.163387.263721.51982.731283.361020.06

Interest181123131664021

Diesel Cost / litre17.8419.6921.5726.1332.00

Fuel Price / Ton20161905237035703333

Important Ratios - Last 5 years

All in %

Particulars2001-022002-032003-042004-052005-062006-07

Raw Materials / Sales9.639.9211.7010.3611.65

Manpower / Sales3.414.194.113.654.00

Interest / Sales8.235.826.132.741.56

Debt Equity (Shree)1.030.920.740.660.84

Deb-Equity (Pvt. Sector)1.221.211.090.95

Debt-Equity (Cement Ind)3.954.374.252.48

ROCE20.2319.2222.2829.3035.87

RONW15.2417.7119.0118.5210.90

Product Mix OPC & PPC %

Particulars2001-022002-032003-042004-052005-06

OPC7573635946

PPC2527374154

Power & Fuel Consumption

Particulars2001-022002-032003-042004-052005-06

Power79.3975.7276.8775.1773.76

Fuel9.479.9210.9410.9610.37

Breakup - Sales & Other Income

Manufacturing Expenses30599.31

Employee Expenses3297.8

Admin and other Expenses1695.57

Freight & Selling Expenses11813.75

Interest Expenses1283.36

Depreciation & Amortisation18609.14

Tax / Deferred Tax873.59

Profit1840.39

Manufacturing Expenses - Braekup

Raw Materials9598.01

Stores,Spares & Packing Materials6109.61

Power5010.91

Fuel8720.73

Reapirs & Maintainence1160.05

RM Ton

212

210

250

239

260

Raw MAterial

Year

Per Ton

Raw Material Cost Per Ton

Fuel Ton

1712016

1541905

1982370

2883570

2533333

Fuel

Fuel Price / Ton

Year

Per Ton

Fuel Cost Per Ton

Power Ton

325

274

113

166

140

Power

Year

Per Ton

Power Cost Per Ton

Staff Ton

75

89

88

87

96

Staff Cost

Year

Per Ton

Staff Cost Per Ton

Log Ton

32917.84

28919.69

30021.57

28726.13

32132

Logistics

Diesel Cost / Lt.

Year

Per Ton

Logistics Cost Per Ton

Int Ton

180.9253758114

123.3129951072

131.0112384866

65.7492572771

39.8565318892

Interest

Year

Per Ton

Interest Cost Per Ton

Int-Sl (3)

8.23

5.82

6.13

2.74

1.56

Interest

Year

%

Interest To Sales %

MP-Sl (2)

3.41

4.19

4.11

3.65

4

Man Power

Year

%

Manpower To Sales %

RM-Sl

9.63

9.92

11.7

10.36

11.65

Raw MAterial

Year

%

Raw MAterial To Sales %

Debt-Eq

1.031.223.95

0.921.214.37

0.741.094.25

0.660.952.48

0.84

Debt Equity(Shree)

Debt Equity (Pvt. Sector)

Debt Equity (Cement Ind.)

Year

%

Debt Equity Ratio

Return

20.2315.24

19.2217.71

22.2819.01

29.318.52

35.8710.9

Return on Capital Employed

Return on Net worth

Year

Return Ratios

Prdt Mix

7525

7327

6337

5941

4654

OPC

PPC

Year

%

Product Mix OPC - PPC %

Power Fuel Cons

79.399.47

75.729.92

76.8710.94

75.1710.96

73.7610.37

Power Consumption

Fuel Consumption

Year

%

Product Mix OPC - PPC %

Sales Brup

Sales Brup

9598.01

6109.61

5010.91

8720.73

1160.05

2005-06 Manufacturing Expenses-Breakup

Prm Shareholding

0.59540.26650.381

0.64510.27510.4239

0.65370.25550.4239

0.63720.23590.4239

0.63720.09010.4211

0.63720.32590.4261

2005-06 Sales & Other Income - Breakup

Manufacturing Expenses

Employee Expenses

Admin and other Expenses

Freight & Selling Expenses

Interest Expenses

Depreciation & Amortisation

Tax / Deferred Tax

Profit

30599.31

3297.8

1695.57

11813.75

1283.36

18609.14

873.59

1840.39

Shree

Guj. Amb.

Madras Cem

Year ended

%

Share PRice

0.000857129741.65

0.001635033845.55

0.0015179176140.5

0.001996785339

0.0012274236893.5

0.0011800022921.85

Percentage of shares traded daily

Market Price

Year

%

Shree Price and daily Volume%

Sales

Sales

Year

Rs. in Lac

Share Holding Deatils

Statement showing Promoters Holding - 5 years

ShreeGuj. Amb.Madras Cem

31 Mar 200259.54%26.65%38.10%

31 Mar 200364.51%27.51%42.39%

31 Mar 200465.37%25.55%42.39%

31 Mar 200563.72%23.59%42.39%

31 Mar 200663.72%9.01%42.11%

31 Mar 200763.72%32.59%42.61%

YearO/S No. ofShare Volume% ofDaily Avg.% ofYear end

Eq. SharesTradedtotal sharesVol. Tradedtotal sharesCl. Price

2001-02348.37274.6521.43%0.298600.09%41.65

2002-03348.372142.4040.88%0.569600.16%45.55

2003-04348.372132.2037.95%0.528800.15%140.50

2004-05348.372173.9149.92%0.695620.20%339.00

2005-06348.372106.9030.69%0.427600.12%893.50

2006-07348.372102.7729.50%0.411080.12%921.85

Prod

Production

Year

In MT

Trade Sale

Trade Sale to Total Sale

Int. Cover

3.15

3.56

8.77

17.55

61.01

Years

Interest Cover (Times)

Bk VAl

63.8389825826

72.1592491939

83.0975773759

85.0517513952

130.4768677758

Book Value Per Share

Year

Rs. Per Share

ROCE

19.22

22.28

29.3

35.28

59.7

Years

Percentage

Return on Average Capital Employed

Asset Turnover

1.19

1.18

1

1.08

1.03

Years

Assets Turnover (Times)

RONW

17.71

19.01

18.52

10.9

24.06

Year

Percentage

Return on Net Worth

Inventory Turnover

38.97

35.35

36.64

50.02

35.31

Years

Days

Inventory Turnover Ratio

EBDT-EQU

0.6847291101

0.6023576582

0.2309430504

0.2282188543

0.3037118227

0.3398935157

0.2071567169

0.1059943768

0.1577986291

0.1824346807

0.209517291

0.3082222394

0.3270030706

0.3785135658

0.5323150559

0.704209328

1.3266229629

Book Value Per Share

Year

%

Return to Shareholders(EBDT/ Net Worth)

Other Highlights 31.3.06

HIGHLIGHTS OF LAST 15 YEARS

ClinkerCementSalesSalesNetBookEBIDTAINT.EBDTEBDT/EBDT/

Sl. No.YearProd.Prod.QuantityValueWorthValueNETWORTHEquity

(In Lac Ton)(In Lac Ton)(In Lac Ton)(In Rs. Lac)(In Rs. Lac)(Rs. Per Sh.)

11987612,516722,988733,0047,274.741,537.609.98

21988-89(15 months)849,218922,412913,7319,999.942,103.9710.52

31989-90661,120786,594777,6129,356.532,105.5510.53

190-91770,073885,565887,48313,454.553,210.1616.052,800.93602.842,198.0968.47%109.90%

291-92689,550764,416752,76413,496.544,624.0822.243,330.66545.312,785.3560.24%133.94%

392-93803,587798,064807,45014,527.866,328.4025.942,014.42552.921,461.5023.09%59.91%

493-94858,226876,150889,40115,652.657,124.7428.922,057.68431.681,626.0022.82%66.00%

594-95893,291927,233927,00518,144.308,858.9935.993,246.37555.792,690.5830.37%109.30%

695-96887,532861,964867,55120,765.8813,487.4346.465,340.14755.854,584.2933.99%157.91%

796-9715M1,079,2421,185,4261,162,08625,112.1918,202.7652.255,433.31719.783,770.8220.72%108.24%

897-981,435,8031,725,5311,662,33234,278.0019,056.8654.705,753.443,733.522,019.9210.60%57.98%

998-991,945,4182,043,6092,090,71544,214.5019,654.4856.427,508.104,406.653,101.4515.78%89.03%

1099-002,284,7812,312,4082,310,13548,456.1321,939.1460.828,137.894,135.434,002.4618.24%110.96%

1100-012,113,2792,383,3662,400,27055,460.4824,705.9866.619,576.864,400.535,176.3320.95%139.56%

1201-029M1,624,6861,806,3581,802,15639,721.6921,560.5957.588,252.223,268.166,645.4130.82%177.48%

1302-032,285,0912,746,8802,725,48558,242.9422,239.7363.8410,659.723,387.267,272.4632.70%208.76%

1403-042,293,6272,840,5962,841,31660,692.8825,138.2872.1613,236.683,721.509,515.1837.85%273.13%

1504-052,483,2473,015,5933,060,99472,302.6028,948.8983.1017,392.661,982.7315,409.9353.23%442.34%

1605-062,703,2403,219,9493,202,70982,412.7929,629.6785.0522,518.021,283.3621,234.6671.67%609.54%

Total27,273,52730,825,10221,709,180428,158.92196,740.46618.86

CAGR15.97%11.76%14.91%

ABSOLUTE15 YRS3.5103683.6360393.6087556.1252739.2299675.298910

NO. OF10 YRS3.0457943.7355963.6916673.9686632.1968361.830697

TIMES5 YRS1.2791691.3510091.3343121.4859731.1992911.276812

CAGR15 YRS8.73%8.99%8.93%12.84%15.97%11.76%

10 YRS11.78%14.09%13.95%14.78%8.19%6.23%

5 YRS5.05%6.20%5.94%8.24%3.70%5.01%

Note :

1. Net worth is net of revaluation reserve.

2. Figures regrouped & rearranged wherever necessary.

19001.34

22116.41

21777.28

24306.17

26478.98

1.3935322456

8.65%

IRR

Shree Cement Ltd. IRR Calculation since inception

ParticularsDateAmount (Mn. Rs.)

Market Capitalisation1-Apr-84(154.00)

Debt Conversion31-Dec-88(46.00)

Dividend3-Feb-9219.97

Dividend1-Nov-9225.34

Debt Conversion31-Mar-92(7.96)

Shares Issued4-Mar-93(135.60)

Dividend10-Feb-9326.63

Amalgamation with Shree Leas.1-Apr-93(2.40)


Shares Issued (Forfeiture)1-Apr-94(0.61)

Dividend4-Oct-9549.23

Shares Issued10-Dec-96(190.97)

Dividend3-Oct-9661.42

Shares Issued (Rights)10-Jun-97(116.13)


Dividend24-Aug-0234.84


Dividend20-Jul-04104.51



Dividend29-Mar-07209.02

Market Capitalisation at Rs. 921.85/-31-Mar-0732,114.70

IRR25.32%

MBD000D37F8.xls

MBD00257479.xls

MBD0025DC24.xls

MBD00259A51.xls

*HIGHEST EBIDTA MARGIN IN WORLD CEMENT INDUSTRYSource : Citigroup Global Markets, Equity Research Report dt 3 July, 07

Company NameEBIDTA MarginGlobal PeersCementos Lima SA39.2Titan Cement, Greece32.2Holcim, Switzerland26.0Lafarge, France23.0Heidelbg Cem, Germany21.4Boral Ltd, Australia14.5CRH, Ireland12.9

Company NameEBIDTA MarginAsian PeersSemen Gresik, Indonesia26.1Indocement, Indonesia24.5CNBM, China20.4TPI Polene, Thailand19.8Taiwan Cement, Taiwan19.4Siam Cement, Thailand18.0Holcim Indonesia12.8

Company NameEBIDTA MarginAsian PeersSHREE CEMENT, India44.8Ambuja Cement, India43.0ACC, India34.0UltraTech Cement, India31.3Grasim Industries, India30.2Siam City Cem, Thailand27.2Anhui Conch, China26.9Asia Cement, China26.3

*SHREE REWARDING INVESTORSConsistent Increase in Dividend PayoutMarket Capitalisation - Steep growth

Handsome Return on investment- IRR since InceptionParticularsDateAmount (Mn. Rs.)Market Capitalisation01-Apr-84 (154.00)Debt Conversion31-Dec-88 (46.00)Dividend03-Feb-92 19.97 Dividend01-Nov-92 25.34 Debt Conversion31-Mar-92 (7.96)Shares Issued04-Mar-93 (135.60)Dividend10-Feb-93 26.63 Amalgamation with Shree Leas.01-Apr-93 (2.40)Dividend01-Nov-94 36.94 Shares Issued (Forfeiture)01-Apr-94 (0.61)Dividend04-Oct-95 49.23 Shares Issued10-Dec-96 (190.97)Dividend03-Oct-96 61.42 Shares Issued (Rights)10-Jun-97 (116.13)Dividend29-Nov-01 34.84 Dividend24-Aug-02 34.84 Dividend12-Aug-03 87.09 Dividend20-Jul-04 104.51 Dividend19-Aug-05 139.35 Dividend04-Aug-06 174.19 Dividend29-Mar-07 209.02 Market Capitalisation at Rs. 921.85/-31-Mar-07 32,114.70 IRR25.32%

*SHREE MARKETING

*Highly visible and innovative products Shree Ultra Red Oxide Cement Bangur Cement Tuff Cemento 3556Market share of 17% in Northern market projected to grow to 23% in 2008-09Leader in Rajasthan, Delhi & Haryana MarketSHREE MARKETING SNAPSHOT

*SHREE GRWOING MARKET SHAREMarket share of the Company at present is 17% in Northern market, projected to grow to 23% in 08-09Market Share in Major States

Chart1

1220

1818

1619

57

2005-06

2006-07

States

Percentage

TSR

TSR

Annual TSR

1999-002000-012001-02 (9 Months)2002-032003-042004-052005-06

Opening Price32.2025.5030.8042.1545.90144.00344.00

Closing Price24.6531.4541.6545.55140.50339.00893.50

Difference-7.555.9510.853.4094.60195.00549.50

Add: Dividend0.001.001.002.503.004.005.00

TSR-7.556.9511.855.9097.60199.00554.50

TSR%-23.4527.2538.4714.00212.64138.19161.19

Market Return %14.58-28.651.85-12.4684.0515.9573.36

Three Year TSR

1999-002000-012001-02 (9 Months)2002-032003-042004-052004-05

Opening Price (Three years earlier)23.2015.7532.2025.5030.8042.1545.9

Closing Price24.6531.4541.6545.55140.50339.00893.5

Difference1.4515.709.4520.05109.70296.85847.6

Add: Cum. Dividend0.001.002.004.506.509.5012.00

TSR1.4516.7011.4524.55116.20306.35859.60

TSR%6.25106.0335.5696.27377.27726.811,872.77

Avg. TSR %2.0835.3411.8532.09125.76242.27624.26

BSE SENSEX RETURN3.472.33-5.44-12.3721.3828.4190.453037.54

11279.76

8242.22

271.35%

90.45%

Market Value Added

Rs. In Lac

Particulars2005-062004-05

Market Value

Market Capatilisation311270.61118098.19

Debt Fund37273.4429712.19

Total348544.05147810.38

Economic Book Value

Net Worth45454.5228948.89

Debt Fund37273.4429712.19

82727.9658661.08

Market Value Added265816.0989149.30

-18.95

5.90

97.6

143%

5year

SHREE CEMENT LIMITED

FIVE YEAR FINANCIAL HIGHLIGHTS

Particulars2000-12002-032003-042004-052005-062006-07

Production : (Lac MTs)

Clinker21.1322.8522.9424.8327.7134.23

Cement23.8327.4728.4130.1632.2047.99

Sales (Clinker & Cement):(Lac MTs)25.7927.2528.4130.7132.7549.43

Energy Consumption:

Power (KWH/PT Cement)7875.7276.8775.1773.4573.87

Coal (% of Clinker)9.479.9210.9410.9610.3711.73

(Rs. in lacs)

Sales55460.4858242.9460692.8872302.6082412.79161314.44

Other Income28.35460.41137.79409.04330.472116.11

Total Income55488.8358703.3560830.6772711.6482743.26163430.55

Operating Expenses45911.9748043.6347593.9955318.9860963.58104041.05

Operating Profit9576.8610659.7213236.6817392.6622148.8561338.38

Adjustments related to earlier Years0.00.00.0(369.17)(1948.88)

Interest4400.533387.263721.501982.731283.361037.37

Profit before Depreciation & Tax5176.337272.469515.1815409.9321234.6662249.89

Add: Transfer from Revaluation Reserve2808.020.00.00.00.0

Less:Depreciation5372.856041.087343.8212296.4516396.9543305.33

Less:Pre-operative Exp. W/o2123.73-

Profit before Tax2611.501231.382171.363113.482713.9818944.56

Tax (Including FBT)0.0083.99166.92244.14286.248515.55

Deferred Tax0.00477.35700.65(37.25)587.35(7271.22)

Profit after Tax2611.50670.041303.792906.591840.3917700.23

Equity Capital3483.723483.723483.723483.723483.723483.72

EPS (in Rupees)6.891.923.748.345.2850.81

Cash EPS (in Rupees)14.8620.6326.8343.5352.98148.65

Net Block*40118.8243887.7651390.6741972.2457530.8549895.10

Shareholders' Fund*24705.9822239.7325138.2828948.8929629.6745454.52

Total Capital Employed*56588.1258733.3060080.0158661.0866903.11138591.37

Return on Net Worth (%)10.5717.7119.0118.5210.9024.06

Return on Avg. Capital Employed (%)16.9419.2222.2829.3035.2859.70

* Net of Revaluation Reserve

Figures have been regrouped/rearranged whereever necessary

15 Year

15 Years Financial Highlights

Sl.No.YearClinker ProductionCement ProductionSales Qty.Sales ValueNet WorthEquity Cap.Book Value

MTMTMT(in Rs. Lac.)(in Rs. Lac.)(in Rs. Lac.)(Rs. Per share)

11991-9268955076441675276413496.544624.082079.600022.24

21992-9380358779806480745014527.866328.402439.600025.94

31993-9485822687615088940115652.657124.742463.600028.92

41994-9589329192723392700518144.308858.992461.55035.99

51995-9688753286196486755120765.8813487.432903.10046.46

61996-97 (15 months)10792421185426116208625112.1918202.763483.72552.25

71997-9814358031725531166233234278.0019056.863483.72554.70

81998-9919454182043609209071544214.5019654.483483.72556.42

91999-0022847812312408231013548456.1321939.143483.72560.82

102000-0121132792383366240027055460.4824705.983483.72566.61

112001-02 (9 months)16246861806358180215639721.6921560.593483.72557.58

122002-0322850912746880272548558242.9422239.733483.72563.84

132003-0422936272840596284131660692.8825138.283483.72572.16

142004-0524832473015593306099472302.6028948.893483.72583.10

152005-0627706633219949320270982412.7929629.673483.72585.05

162006-07342269747990884832851161314.4445454.523483.725130.48

Absolute No. of Times15 Years4.966.286.4211.959.831.685.87

10 Years3.174.054.166.422.501.002.50

5 Years2.112.662.684.062.111.002.27

CAGR15 Years11.27%13.03%13.20%17.99%16.46%3.50%12.52%

10 Years12.23%15.01%15.32%20.44%9.58%0.00%9.58%

5 Years8.42%21.58%21.81%32.35%16.09%0.00%17.77%

Note: 1Net Worth is net of revaluation reserve.

2Figures have been regrouped and rearranged wherever necessary

3049

41660

122168

163828

170251

334079

Market Share

Market Share in Major States

S.No.Name of State2004-052005-062006-07

1Rajasthan131220

2Delhi161818

3Haryana171619

3Punjab757

Industry Demand-Supply Outlook

As on 31st March (mn tpa)FY 04FY 05FY 06FY 07

Cement Capacity144.5151.3157.1165.0

Capacity Growth5%4%5%

Cement Demand117.2127.1141.6154.7

Demand Growth8%11%9%

Domestic Consumption113.8123.1135.6149.0

Growth Domestic Consumption8%10%10%

Exports3.44.16.05.7

Export Growth21%46%-5%

Cement - Capacity Utilisation81%84%90%94%

Market Share in Chart form

Market Share in Chart form

1220

1818

1619

57

2006-07

2005-06

Market Share in Major States

Percentage

15Year Highlights

15 Years Financial Highlights

Sl.No.YearClinker ProductionCement ProductionSales Qty.Sales ValueNet WorthEquity Cap.Book Value

MTMTMT(in Rs. Lac.)(in Rs. Lac.)(in Rs. Lac.)(Rs. Per share)

11991-9268955076441675276413496.544624.082079.600022.24

21992-9380358779806480745014527.866328.402439.600025.94

31993-9485822687615088940115652.657124.742463.600028.92

41994-9589329192723392700518144.308858.992461.55035.99

51995-9688753286196486755120765.8813487.432903.10046.46

61996-97 (Annualised)86339494834192966920089.7518202.763483.72552.25

71997-9814358031725531166233234278.0019056.863483.72554.70

81998-9919454182043609209071544214.5019654.483483.72556.42

91999-0022847812312408231013548456.1321939.143483.72560.82

102000-0121132792383366240027055460.4824705.983483.72566.61

112001-02 (Annualised)21662482408477240287552962.2521560.593483.72557.58

122002-0322850912746880272548558242.9422239.733483.72563.84

132003-0422936272840596284131660692.8825138.283483.72572.16

142004-0524832473015593306099472302.6028948.893483.72583.10

152005-0627706633219949320270982412.7929629.673483.72585.05

162006-07342269747990884832851161314.4445454.523483.725130.48

Absolute No. of Times15 Years4.966.286.4211.959.831.685.87

10 Years3.965.065.208.032.501.002.50

5 Years1.581.992.013.052.111.002.27

CAGR15 Years11.27%13.03%13.20%17.99%16.46%3.50%12.52%

10 Years14.77%17.60%17.92%23.16%9.58%0.00%9.58%

5 Years8.42%14.78%15.00%24.95%16.09%0.00%17.77%

Note: 1Net Worth is net of revaluation reserve.

2Figures regrouped and rearranged whereever necessary

3049

41660

122168

163828

170251

334079

Demand & Supply

*SHREE MULTIPLE BRANDINGShree Ultra Jung Rodhak Unique Rust Resistant property.Bangur Cement Premium brand for extremely quality conscious customers.Tuff Cemento 3556 For beautiful rock strong structures that last.

*SHREE A SUSTAINABLE ORGANIZATION

*Shree is a responsible Corporate citizenApproach towards Sustainable Development i.e. sharing the fruits of growth with all stakeholdersShree Places equal emphasis on Triple Bottom Line i.e. Social : Works for sustainable development of local community, employees, Govt and society at largeEnvironment : Applies best practices for sustaining natural resources for present as well as future generationsEconomic : Earns profits for sustainable growth of its operations thereby generates more resources for societySHREE DRIVING CORPORATE SUSTAINABILITY

*SHREE - DRIVING CORPORATE SUSTAINABILITYMember of Cement Sustainability Initiative (CSI) of World Business Council for Sustainable Develop-ment, SwitzerlandMember of Cement task Force of Asia Pacific Partnership on Clean Development and ClimateLeader of Cement Sector Taskforce for energy efficiency appointed for Ministry of Power, GOICorporate Sustainability Report (CSR), first in Indian Cement IndustryCDM project Optimal use of Clinker earning carbon credits for Company worth US$ 7 Million.

*Contributed Rs. 1 Cr. for setting up a Neurosurgical Centre at Jawaharlal Nehru Hospital, AjmerSupported relief operations for flood affected people of Barmer Regular contribution towards Education for all program, AIDS awareness campaign, Eye camps and other social development activitiesSignatory to Code of Conduct signed by 500 CII member companies for taking affirmative actionTRIPLE BOTTOM LINE SOCIAL CONTRIBUTION

*Green Cover 35% of total area A Chinese delegation appreciated our plants as Plants in GardenInvestment on Environment protection : 2006-07: Rs. 3.04 Cr.Conserving natural resources throughUse of waste as Raw Material and fuels Energy efficiency leading to reduction in power and fuel consumptionImplementation of Waste Heat Recovery ProjectProactive steps to address Climate change issuesTRIPLE BOTTOM LINE ENVIRONMENT PROTECTION

*TRIPLE BOTTOM LINE DIRECT ECONOMIC IMPACTSSCL helping Govt. in building public infrastructureRISING TURNOVER...... RISING PROFITS AND ..... RISING STATE REVENUES

*TRIPLE BOTTOM LINE DIRECT ECONOMIC IMPACTS Growing sales (CAGR 36% last 3 years) ......... creating larger business for our value chain distributorsRising wages ..........more engaged and happy employees Local procurements............ fostering economic growth in the local communitiesRising dividend payouts............. sharing profits with shareholders

*Shrees growth ...........enabled growth in job creations ........... more suppliers, distributors, contractors, consultants and employees Resources derived from our relationships ...........spent on improvement in well being of value chain........... rising standard of living of society Use of product for building constructions ........... Improvement in infrastructure of the countryTRIPLE BOTTOM LINE INDIRECT ECONOMIC IMPACTS

*Organisational SustainabilityHigh Level of support from all stakeholdersRecipient of prestigious awards for excellence in Environment, Energy management and conservation at National and International LevelEarned Carbon Credit from Environment friendly project Optimal Utilization of ClinkerTRIPLE BOTTOM LINE BENEFITS

*AWARDS & RECOGNITION

*4 star rating from Whitehopleman UK, an International Cement Consultants, since 2000 (No one in world has been rated 5 star!!)Reckoned as 2nd fastest growing mid sized Company in 2006 by Business Today a national level magazine (6 May 07 edition)SHREE - RECOGNITION AND AWARDS

*SHREE - RECOGNITION AND AWARDSGolden Peacock Award - 2007 for Excellence in Corporate GovernanceGolden Peacock Award - 2007 in recognition of excellent Environ-ment Management practices National Awards for Energy Conservation from Ministry of Power, Govt of IndiaCII National Award for Excellence in Energy Management 2006

*SHREE - RECOGNITION AND AWARDSNational Safety Awards by Ministry of Labour, Govt. of IndiaBest Annual Report Award by Rajasthan Chamber of Commerce and Industry in 2007Amity Corporate Excellence Award by Amity International Business School, Noida.ICWAI National Award 2005 for excellence in cost management

*Thank You

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1 Among the top 10 cement producers in India. 2 ORGANISATION AND PERFORMANCE.

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Transcript of 1 Among the top 10 cement producers in India. 2 ORGANISATION AND PERFORMANCE.