India Cements Ltd

INDIACEM

Watchlist

AI Mode

‌

Market Cap

₹ 12,944 Cr

P/E

—

Turned 1 L into 2.72 L in last 5 Years

‌

Investment Checklist

How to read checklist?

Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

LOW RISK

Investment Checklist

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

Price

PE Ratio

Price

‌

Overview

Detailed Summary

India Cements Limited, a major producer of cement, operates across South India with a significant market share. It has recently become a subsidiary of UltraTech Cement, enhancing its strategic position.

The company is expanding its cement production capacity from 14.75 Mtpa to 17.55 Mtpa by 2027 through debottlenecking and process optimization, indicating its growth ambitions.

Recent performance shows improved sales and profitability, with Q2 FY26 revenue rising to ₹1,117 crore from ₹1,007 crore in Q2 FY25, indicating positive operational momentum.

The company's strategic focus includes enhancing efficiency through green power initiatives and significant capex for operational improvements and energy efficiency.

India Cements' commitment to ESG is demonstrated through CSR initiatives aimed at community support and sustainable agricultural practices in surrounding areas.

Sector

Cement

Industry

Cement - Major - South India

Market Cap

12,944 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

46.7

PEG Ratio

—

P/B Ratio

2.7

52W High

429.90

52W Low

239.00

Sales CAGR

-16.99%

-4.63%

-4.16%

10Y

-1.79%

Profit CAGR

36.62%

—

10Y

—

ROE

TTM

-2.76%

-2.30%

-0.64%

10Y

0.32%

ROCE

TTM

-1.99%

-0.31%

1.64%

10Y

3.58%

Technicals

Oscillators

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Forecasts

No. of Analysts

12

1Y Price Target

361.42 ▼ 11.22%

Q3 EPS Estimate

Q3 Revenue Estimate

Unlock Premium Features

Price, EPS and Revenue Projections

Strong SellSellHoldBuyStrong Buy

Strong Sell

Strong Buy

Buy

Hold

Sell

Strong Sell

updated on

Dec 03, 2025

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
JSWCEMENT	120.05	16,367 Cr	169.08	2.69	0.00	1.61	6.98	-9.61
INDIACEM	417.75	12,944 Cr	—	2.71	0.00	-2.76	-1.99	0.10
NUVOCO	360.60	12,879 Cr	47.08	1.40	0.00	2.98	5.63	1.36
JKLAKSHMI	790.95	9,833 Cr	21.09	2.65	0.78	12.58	12.45	5.32
STARCEMENT	222.80	8,981 Cr	29.67	2.99	0.00	10.06	12.17	6.89
BIRLACORPN	1085.00	8,391 Cr	15.92	1.37	0.92	6.97	8.76	3.53
PRSMJOHNSN	129.30	6,491 Cr	86.54	4.44	0.00	5.13	4.88	2.23

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1,437	1,264	1,144	1,267	1,027	1,032	941	1,197	1,025	1,117
Expenses	1,428	1,260	1,096	1,229	1,051	1,195	1,131	1,200	942	1,036
Operating Profit	8.28	4.41	49	38	-25	-163	-190	-3.00	83	81
OPM %	0.58	0.35	4.26	2.97	-2.40	-15.77	-20.20	-0.25	8.12	7.26
Other Income	7.13	8.02	56	36	256	-64	413	116	-115	23
Interest	58	60	60	65	82	73	73	38	27	25
Depreciation	54	55	58	58	56	55	55	75	74	74
Profit Before Tax	-97	-103	-14	-49	93	-355	94	0.51	-132	4.39
Tax %	24.32	16.91	53.33	-1.96	23.06	4.59	-42.08	-4,721.57	0.57	-100.68
Net Profit	-74	-86	-6.58	-50	71	-339	133	25	-131	8.81
EPS in Rs	-2.86	-2.56	-0.01	-1.91	1.87	-11.55	162.41	0.51	-4.21	0.28

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	5,861	5,432	5,770	5,186	4,511	4,858	5,608	5,112	4,149	4,195
Expenses	4,274	4,558	5,145	4,592	3,723	4,374	5,751	5,013	4,531	4,467
Operating Profit	1,587	874	626	595	788	484	-143	99	-382	-273
OPM %	27.07	16.09	10.84	11.47	17.47	9.97	-2.55	1.94	-9.21	-6.50
Other Income	19	25	39	28	40	24	226	107	705	350
Interest	380	365	350	343	271	198	242	244	266	211
Depreciation	276	279	265	256	247	226	219	226	239	259
Profit Before Tax	252	90	50	24	311	85	-378	-263	-183	-393
Tax %	37.37	21.44	49.24	-126.44	32.90	22.80	55.05	18.08	31.99	20.50
Net Profit	158	70	25	53	208	66	-170	-216	-124	-313
EPS in Rs	—	—	0.59	1.68	7.01	8.98	-4.04	-7.34	153.24	158.99
Dividend Payout %	18.90	37.91	117.65	37.04	14.27	39.53	-24.75	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	308	308	308	310	310	310	310	310	310	310
Reserves	4,742	4,867	4,961	4,936	5,188	5,397	5,637	5,466	5,265	9,884
Borrowings	2,685	2,811	3,034	2,951	3,163	3,043	3,091	2,945	2,618	1,165
Other Liabilities	2,956	2,949	2,643	3,104	3,009	2,340	3,005	2,746	2,508	2,471
Total Liabilities	10,692	10,935	10,946	11,300	11,670	11,090	12,043	11,467	10,701	13,830
Fixed Assets	7,488	7,260	7,146	7,072	7,206	7,065	7,101	6,803	6,874	11,639
CWIP	99	134	176	196	235	300	386	313	190	177
Investments	357	358	358	371	382	381	408	334	319	120
Other Assets	2,748	3,183	3,265	3,662	3,847	3,344	4,147	4,016	3,318	1,895
Total Assets	10,692	10,935	10,946	11,300	11,670	11,090	12,043	11,467	10,701	13,830

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	964	757	556	377	387	1,046	439	-19	344	-256
Cash from Investing Activity	-220	-155	-306	-202	-282	-189	-250	435	248	2,015
Cash from Financing Activity	-757	-599	-235	-180	-110	-860	-183	-397	-572	-1,738
Net Cash Flow	-14	2.26	16	-4.82	-5.56	-3.02	6.16	19	19	20

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	55.49%	81.49%	81.49%	75.60%
FIIs	13.07%	13.15%	13.64%	13.42%	13.58%	13.27%	17.63%	16.16%	14.50%	4.94%	2.97%	3.11%
DIIs	9.90%	9.39%	9.44%	10.04%	8.95%	8.47%	5.85%	6.06%	6.68%	3.69%	5.77%	12.25%
Public	48.62%	49.05%	48.51%	48.12%	49.05%	49.84%	48.10%	49.36%	23.33%	9.87%	9.78%	9.03%
Total Shareholders	1,89,447	1,95,974	1,94,254	1,85,758	1,96,426	2,06,667	2,11,262	2,06,285	1,87,327	1,75,917	1,69,844	1,63,090

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Nov 18, 2025	Ultratech cement limited	Insider - Promoter	Disposal	395.08	0.26 Cr	6,649	0.00
Nov 18, 2025	Ultratech cement limited	Insider - Promoter	Disposal	397.57	0.27 Cr	6,774	0.00
Nov 14, 2025	Ultratech cement limited	Insider - Promoter	Disposal	391.04	61.89 Cr	15,82,621	0.51
Nov 07, 2025	Ultratech cement limited	Insider - Promoter	Disposal	405.19	0.50 Cr	12,231	0.00
Nov 04, 2025	Ultratech cement limited	Insider - Promoter	Disposal	404.15	10.38 Cr	2,56,907	0.08
Aug 26, 2025	Ultratech cement limited	Insider - Promoter	Disposal	393.63	718.26 Cr	1,82,47,148	5.88
Jun 20, 2025	Franklin templeton mutual fund	Bulk	Buy	310.17	63.19 Cr	20,37,333	0.65
Feb 06, 2025	Ultratech cement limited	Insider - Promoter	Acquisition	390.00	3,142.36 Cr	8,05,73,273	26.0
Dec 27, 2024	Ews finance & investments pri...	Insider - Promoter Group	Disposal	390.00	2,605.32 Cr	6,68,03,057	21.56
Dec 27, 2024	Rupa gurunath	Insider - Promoter	Disposal	390.01	1.42 Cr	36,440	0.01

Projection

Unlock Premium Features

Get In-depth insights on EPS and Revenue forecasts

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Sorry, no results found!

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

AI Mode