What does Shree Cement do?
Shree Cement is a cement maker with its registered office in Beawar, Rajasthan, and its group corporate office in Kolkata. It describes itself as India’s third-largest cement group by capacity, with plants in India and the UAE 2. The Bangur family controls it, and its shares trade on the NSE and BSE 17.
| Fact | Detail |
|---|---|
| Incorporated | 1979 8 |
| Chairman | Hari Mohan Bangur 11 |
| Managing director | Neeraj Akhoury 11 |
| Promoter stake | 62.55%, September 2026 7 |
| Capacity | 69.3 MTPA in India; 7 MTPA in the UAE 615 |
| FY26 revenue | ₹19,907 crore (PTI) or ₹20,943 crore (consolidated, StockAnalysis) 328 |
| FY26 dividend | ₹150 a share 6 |
| Market value | About ₹89,398 crore, 5 November 2026 17 |
Who owns Shree Cement?
Promoters held 62.55% at the end of September 2026, mostly through family investment companies such as Shree Capital Services, which held 24.90% 7. Forbes says Benu Gopal Bangur holds a majority stake and counts 22.57 million shares in his name. Exchange data, however, shows no shares held by him directly 17. His son Hari Mohan Bangur is chairman and his grandson Prashant Bangur is vice-chairman 111. See who owns Shree Cement.
How did Shree Cement start?
Shree Cement was incorporated in 1979. Its Beawar plant was commissioned in 1983 and began production in 1985 8. Benu Gopal Bangur’s branch took control after the wider Bangur family business was divided. Sources date this to 1991, 1992 or 1995 498. It later added plants in Chhattisgarh, Bihar and Karnataka and bought Union Cement in the UAE in 2018 925. See Shree Cement’s history.
What does it make?
Its brands include Bangur Rockstrong, Powermax, Jungrodhak and Magna 17. It also runs 26 ready-mix concrete plants and plans to reach 36 6. Green power capacity was 666.5 MW in July 2026, and green sources supplied 65.2% of the power it used in July-September 2026 1316. The company says it will reach more than 80 million tonnes of capacity in the coming years 13. See its plants and brands.
Results
PTI reported FY26 revenue up 7% to about ₹19,907 crore, and fourth-quarter profit down 4.3% to ₹532 crore 3. In July-September 2026 consolidated revenue rose 24% to ₹5,896.5 crore and profit fell 15% to ₹263.5 crore 30. In June 2026 the company said it would grow by building capacity rather than buying rivals, and preferred higher dividends to a buyback 527. See Shree Cement’s finances.
Tax inquiries
In June 2023 income tax officials carried out searches at Beawar, Jaipur, Chittorgarh and Ajmer. The company called media claims about tax evasion incorrect and said it was cooperating 32. In July 2023 the Ministry of Corporate Affairs ordered an inspection, and the company described reports about it as baseless and speculative 33. We found no reported outcome.
Rivals
UltraTech had 200.1 MTPA of domestic capacity in April 2026 and Ambuja Cements 107 MTPA in November 2025 1920. See competitors, leadership and deals.
See also manufacturing and industrials and all companies.
