Mission Statement, Vision, & Core Values (2025) of Shree Cement Limited.

An Overview of Shree Cement Limited

General Summary of Shree Cement Limited

Founded in 1979, Shree Cement Limited has grown to become one of India's largest cement manufacturers. The company has established itself with a diverse portfolio, producing various products such as ordinary Portland cement, Portland Pozzolana cement, and ground granulated blast furnace slag cement.

As of 2024, Shree Cement has an impressive annual production capacity of over 40 million tons. The company operates numerous manufacturing facilities across India, with a robust distribution network that reaches a wide range of markets. Its current sales figures reflect a strong market presence, with revenues reported at approximately ₹17,000 crore for the fiscal year 2023-24.

Company's Financial Performance in the Latest Financial Reports

Shree Cement Limited achieved record-breaking revenue in its latest financial reports for the fiscal year 2023-24. The company reported total revenue of ₹17,000 crore, representing a year-on-year growth of approximately 15%.

Key highlights from the financial report include:

• Net profit for the year stood at ₹3,000 crore, marking a significant increase of 20% compared to the previous year.
• The EBITDA margin improved to 27%, largely driven by efficient cost management and higher sales volume.
• The company saw a robust growth in its core product sales, particularly ordinary Portland cement, which contributed significantly to overall revenues.

In terms of market expansion, Shree Cement has successfully penetrated new regions, increasing its sales volume in the East and North markets. The total sales volume for cement reached approximately 29 million tons in the last fiscal year.

Introduction to Shree Cement as an Industry Leader

Shree Cement Limited is recognized as a leading player in the Indian cement industry, known for its sustainable practices and commitment to quality. The company has been a pioneer in adopting efficient manufacturing processes and has invested heavily in green technology. Its strong brand reputation and customer loyalty further bolster its market position.

For those interested in understanding the company's success further, it is noteworthy that Shree Cement consistently ranks among the top cement manufacturers globally. Its innovative approach and strategic expansions continue to yield positive results in a competitive landscape.

Mission Statement of Shree Cement Limited

Mission Statement of Shree Cement Limited

Shree Cement Limited articulates its mission statement to steer its strategic direction, emphasizing its commitment to operational excellence and sustainability. The mission statement reflects the company's goals of providing high-quality products while maintaining a focus on customer satisfaction and environmental stewardship.

Core Component 1: Commitment to Quality

Shree Cement prioritizes the delivery of high-quality products in the cement industry. The company asserts that its quality management system ensures that every product adheres to stringent standards. In FY 2022-2023, Shree Cement recorded a cement production capacity of approximately 46.4 million tonnes per annum, affirming its ability to meet market demands efficiently.

The commitment to quality is demonstrated through certifications such as ISO 9001:2015 for quality management and ISO 14001:2015 for environmental management systems. This dedication is reflected in the company’s consistent customer satisfaction ratings, with over 90% customer feedback indicating high satisfaction levels.

Core Component 2: Customer Orientation

Understanding customer needs is pivotal to Shree Cement's mission. The company aims to enhance customer experience by offering innovative products and services tailored to various construction requirements. In a recent customer survey, 87% of clients reported that Shree Cement’s products exceeded their expectations in performance.

The company has invested in digital platforms to streamline order processing and enhance communication. This strategy resulted in a 40% increase in online orders in the past year, showcasing the effectiveness of their customer-oriented initiatives.

Core Component 3: Sustainable Development

Sustainability is a core pillar of Shree Cement's mission statement, encompassing efforts to reduce its environmental impact while fostering social responsibility. The company aims to achieve net-zero carbon emissions by 2050. In FY 2022-2023, Shree Cement reduced its carbon footprint by approximately 6% compared to the previous year, through energy efficiency measures and the use of alternative fuels.

Furthermore, Shree Cement focuses on community development initiatives, contributing INR 36.4 crores toward various social projects in the last fiscal year, including education and healthcare programs. This demonstrates the company’s commitment to being a socially responsible corporate entity while achieving its business goals.

Vision Statement of Shree Cement Limited

Vision Statement Overview

As of 2024, Shree Cement Limited envisions to be a leading player in the cement industry, focused on sustainable development and innovative solutions. Their goal is to create value for shareholders while being committed to environmental conservation.

Commitment to Sustainability

Shree Cement aims to reduce its carbon footprint by utilizing alternative fuels and raw materials. They target a reduction of CO2 emissions to 0.4 tons per ton of cement produced by 2025. In 2023, their CO2 emissions were 0.5 tons per ton, showing progress towards this ambitious goal.

Innovative Practices

The company emphasizes innovation in production and operational processes. Shree Cement's investment in technology upgrades is expected to reach INR 1,500 crore by the end of 2024. This will enhance production efficiency and reduce operational costs.

Market Leadership

Shree Cement aspires to be among the top three cement producers in India by maintaining a market share of over 10%. As of March 2023, they held a market share of approximately 9.6%, indicating their growth trajectory.

Community Engagement

Part of Shree Cement's vision includes active community involvement. They have committed to invest INR 100 crore annually in community development programs. In 2023, they spent INR 85 crore on initiatives related to health, education, and infrastructure.

Financial Performance Metrics

Long-term Aspirations

Shree Cement is determined to expand its production capacity to 50 million tons by 2025, up from 44 million tons in 2023. This would position them favorably against competitors in the growing Indian cement market.

Investment in Human Resources

The company plans to enhance workforce capabilities through training and development. They aim to increase employee productivity to 250 tons per employee per year by 2024, up from the current 230 tons.

Core Values of Shree Cement Limited

Integrity

Integrity forms the foundation of Shree Cement Limited’s operations. It emphasizes transparency and ethical behavior, ensuring trust among stakeholders.

In 2023, Shree Cement was recognized for its integrity with a score of 93/100 in the ISO 37001:2016 certification for anti-bribery management systems.

The company implements rigorous compliance programs. In 2022, they conducted more than 200 training sessions on ethics for employees across all levels, emphasizing their commitment to maintaining ethical standards.

Quality

Quality assurance is paramount at Shree Cement, as they aim to deliver the best products in the industry. Notably, the company has consistently achieved above 95% in customer satisfaction ratings since 2021.

Shree Cement invested over ₹500 crore in 2023 to upgrade its manufacturing facilities with state-of-the-art technology to enhance product quality.

In 2024, the company launched their ‘Quality First’ initiative, pledging continuous improvement and rigorous testing, leading to a 15% reduction in customer complaints compared to the previous year.

Innovation

Innovation at Shree Cement fuels growth and efficiency. The company has allocated ₹300 crore annually for research and development since 2022, focusing on sustainable cement solutions.

In 2023, they introduced a new line of eco-friendly cement, which reduced CO2 emissions during production by 20%, showcasing their commitment to sustainable practices.

Shree Cement’s Digital Transformation program has improved operational efficiency by 25% through smart manufacturing technologies and data analytics.

Customer Focus

Customer-centricity is woven deeply into the fabric of Shree Cement’s operations. The firm reports that over 80% of its business comes from repeat customers, reflecting strong loyalty.

In 2023, they launched the ‘Customer Connect’ platform, designed to gather feedback and improve service delivery, resulting in a 30% improvement in response times to inquiries.

The initiative also includes a dedicated support team that has resolved over 15,000 customer issues in the past year, underlining their dedication to customer satisfaction.

Sustainability

Sustainability is a core value driving Shree Cement's operations and strategy. The company has committed to achieving net-zero emissions by 2050.

As of 2023, Shree Cement reduced its carbon footprint by 12% compared to 2020 levels, with initiatives such as using alternative fuels and raw materials.

They have also undertaken reforestation projects, planting over 1 million trees in various regions to promote environmental sustainability.