The India Cements Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Low debt relative to equity (D/E 0.1x)
Concerns
- ✗Currently loss-making (EPS ₹-2.2)
- ✗Low capital efficiency (ROCE 1.6%)
- ✗Premium to sector peers (P/E 94.2x vs industry 44.2x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ULTRACEMCO UltraTech Cement Limited | ₹11,870 | ₹3.5L Cr | 41.8 | 4.57 | 11.2 | 12.8 | 0.35 |
| GRASIM Grasim Industries Limited | ₹3,171 | ₹2.1L Cr | 41.7 | 2.09 | 5.05 | 8.07 | 2.06 |
| AMBUJACEM Ambuja Cements Limited | ₹430 | ₹1.1L Cr | 21.8 | 1.79 | 8.85 | 5.61 | 0.02 |
| SHREECEM SHREE CEMENT LIMITED | ₹26,690 | ₹96K Cr | 56.9 | 4.14 | 7.51 | 10.3 | 0.1 |
| JKCEMENT JK Cement Limited | ₹5,658 +3.76% | ₹42K Cr | 42.7 | 6.21 | 15.6 | 15.1 | 1 |
| DALBHARAT Dalmia Bharat Limited | ₹1,865 | ₹34K Cr | 31.6 | 1.94 | 6.11 | 7.59 | 0.4 |
| ACC ACC Limited | ₹1,388 +0.46% | ₹26K Cr | 12.2 | 1.25 | 10.9 | 11.2 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
INDIACEM · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 28.42% | 28.42% | 28.42% | 28.42% | 55.49% | 81.49% |
| FII | 13.58% | 13.27% | 17.64% | 16.17% | 14.50% | 4.94% |
| DII | 8.94% | 8.47% | 5.84% | 6.05% | 6.68% | 3.69% |
| Public | 49.06% | 49.83% | 48.08% | 49.36% | 23.32% | 9.87% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026
Annual General Meeting
Annual General Meeting
Latest News
All news →India Cements publishes newspaper notice
*India Cements publishes newspaper notice* as part of regulatory compliance. The filing is a routine disclosure with no operational or financial updates. Such notices typically relate to annual general meetings or board meetings. No immediate market-moving information is conveyed. 📊 *STOCKS:* INDIACEM | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Corporate
India Cements transfers dividend and shares to IEPF
*India Cements transfers dividend and shares to IEPF.* The company has moved unclaimed dividend amounts and corresponding shares to the Investor Education and Protection Fund. This routine action follows provisions under the Companies Act for inactive shareholder accounts. No financial impact is expected. 📊 *STOCKS:* INDIACEM | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #IEPF
India leads Asia in FinTech deals with over one-third share in Q1
*India leads Asia in FinTech deals with over one-third share in Q1* according to FinTech Global. The country secured **over 33% of all FinTech deals** in Asia during the first quarter, underscoring its growing startup and digital payments ecosystem. This reflects strong investor confidence in Indian financial technology innovation and infrastructure. 📊 *STOCKS:* | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #FinTech
RPP Infra LOA, Bikaji US move, India Cements divestment eyed
*Multiple corporate developments expected on Dec 3.* RPP Infra's Letter of Award, Bikaji's **US investment** plans, and India Cements' **divestment** activity are key triggers. Bulk deals also anticipated. Monitor these stocks for trading opportunities. 📊 *STOCKS:* RPPINFRA | BIKAJI | INDIACEM | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #CorporateAction
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.2K Cr ▲10.3% | ₹1.1K Cr ▼0.3% | ₹1.1K Cr ▲9.0% | ₹1.0K Cr ▼14.4% | ₹1.2K Cr ▲27.4% | ₹940 Cr ▼8.0% | ₹1.0K Cr ▼0.5% | ₹1.0K Cr |
| Op. Profit | ₹153 Cr ▲93.7% | ₹79 Cr ▼2.5% | ₹81 Cr ▼2.4% | ₹83 Cr ▲4250.0% | ₹-2 Cr ▲98.9% | ₹-190 Cr ▼16.6% | ₹-163 Cr ▼552.0% | ₹-25 Cr |
| OPM | 12.0% ▲71.4% | 7.0% ▲0.0% | 7.0% ▼12.5% | 8.0% | 0.0% ▲100.0% | -20.0% ▼25.0% | -16.0% ▼700.0% | -2.0% |
| Net Profit | ₹60 Cr ▲2100.0% | ₹-3 Cr ▼133.3% | ₹9 Cr ▲106.8% | ₹-133 Cr ▼838.9% | ₹18 Cr ▼84.9% | ₹119 Cr ▲135.1% | ₹-339 Cr ▼684.5% | ₹58 Cr |
| EPS (₹) | 1.92 ▲2233.3% | -0.09 ▼132.1% | 0.28 ▲106.5% | -4.29 ▼1012.8% | 0.47 ▼88.1% | 3.95 ▲136.1% | -10.94 ▼678.8% | 1.89 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.5K Cr ▲8.1% | ₹4.1K Cr ▼17.0% | ₹5.0K Cr ▼10.9% | ₹5.6K Cr ▲15.4% | ₹4.9K Cr ▲7.7% | ₹4.5K Cr ▼13.0% | ₹5.2K Cr ▼10.1% | ₹5.8K Cr ▲9.6% | ₹5.3K Cr ▲2.1% | ₹5.2K Cr |
| Expenses | ₹4.1K Cr ▼9.3% | ₹4.5K Cr ▼8.2% | ₹4.9K Cr ▼14.6% | ₹5.7K Cr ▲31.5% | ₹4.4K Cr ▲17.7% | ₹3.7K Cr ▼19.0% | ₹4.6K Cr ▼10.6% | ₹5.1K Cr ▲12.8% | ₹4.5K Cr ▲6.6% | ₹4.3K Cr |
| Op. Profit | ₹397 Cr ▲210.9% | ₹-358 Cr ▼516.3% | ₹86 Cr ▲161.0% | ₹-141 Cr ▼129.0% | ₹486 Cr ▼38.9% | ₹796 Cr ▲32.9% | ₹599 Cr ▼6.3% | ₹639 Cr ▼11.3% | ₹720 Cr ▼19.2% | ₹891 Cr |
| OPM | 9.0% ▲200.0% | -9.0% ▼550.0% | 2.0% ▲166.7% | -3.0% ▼130.0% | 10.0% ▼44.4% | 18.0% ▲50.0% | 12.0% ▲9.1% | 11.0% ▼21.4% | 14.0% ▼17.6% | 17.0% |
| Other Income | ₹-62 Cr ▼109.4% | ₹662 Cr ▲568.7% | ₹99 Cr ▼55.8% | ₹224 Cr ▲873.9% | ₹23 Cr ▼28.1% | ₹32 Cr ▲33.3% | ₹24 Cr ▼7.7% | ₹26 Cr ▲85.7% | ₹14 Cr ▼17.6% | ₹17 Cr |
| Interest | ₹99 Cr ▼62.8% | ₹266 Cr ▲10.8% | ₹240 Cr ▼0.8% | ₹242 Cr ▲22.2% | ₹198 Cr ▼26.9% | ₹271 Cr ▼21.0% | ₹343 Cr ▼2.0% | ₹350 Cr ▼4.1% | ₹365 Cr ▼3.9% | ₹380 Cr |
| Depreciation | ₹299 Cr ▲25.1% | ₹239 Cr ▲8.6% | ₹220 Cr ▲0.5% | ₹219 Cr ▼3.1% | ₹226 Cr ▼8.5% | ₹247 Cr ▼3.5% | ₹256 Cr ▼3.4% | ₹265 Cr ▼5.0% | ₹279 Cr ▲1.1% | ₹276 Cr |
| PBT | ₹-63 Cr ▲68.8% | ₹-202 Cr ▲26.5% | ₹-275 Cr ▲27.2% | ₹-378 Cr ▼544.7% | ₹85 Cr ▼72.7% | ₹311 Cr ▲1195.8% | ₹24 Cr ▼52.0% | ₹50 Cr ▼44.4% | ₹90 Cr ▼64.3% | ₹252 Cr |
| Tax % | 4.0% ▲113.8% | -29.0% ▼70.6% | -17.0% ▲69.1% | -55.0% ▼339.1% | 23.0% ▼30.3% | 33.0% ▲126.2% | -126.0% ▼357.1% | 49.0% ▲133.3% | 21.0% ▼43.2% | 37.0% |
| Net Profit | ₹-67 Cr ▲53.5% | ₹-144 Cr ▲36.6% | ₹-227 Cr ▼81.6% | ₹-125 Cr ▼243.7% | ₹87 Cr ▼58.4% | ₹209 Cr ▲309.8% | ₹51 Cr ▲96.2% | ₹26 Cr ▼62.3% | ₹69 Cr ▼56.6% | ₹159 Cr |
| EPS (₹) | -2.17 ▲53.2% | -4.64 ▲36.8% | -7.34 ▼79.5% | -4.09 ▼261.7% | 2.53 ▼62.1% | 6.67 ▲311.7% | 1.62 ▲138.2% | 0.68 ▼67.8% | 2.11 ▼61.0% | 5.41 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% ▼100.0% | 40.0% ▲166.7% | 15.0% ▼59.5% | 37.0% ▼68.6% | 118.0% ▲210.5% | 38.0% ▲100.0% | 19.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹310 Cr ▲0.0% | ₹310 Cr ▲0.0% | ₹310 Cr ▲0.0% | ₹310 Cr ▲0.0% | ₹310 Cr ▲0.0% | ₹310 Cr ▲0.0% | ₹310 Cr ▲0.0% | ₹310 Cr ▲0.6% | ₹308 Cr ▲0.0% | ₹308 Cr |
| Reserves | ₹9.8K Cr ▼0.7% | ₹9.9K Cr ▲87.7% | ₹5.3K Cr ▼3.7% | ₹5.5K Cr ▼3.0% | ₹5.6K Cr ▲4.6% | ₹5.4K Cr ▲3.9% | ₹5.2K Cr ▲5.1% | ₹4.9K Cr ▼0.5% | ₹5.0K Cr ▲1.9% | ₹4.9K Cr |
| Borrowings | ₹1.3K Cr ▲12.0% | ₹1.2K Cr ▼55.8% | ₹2.6K Cr ▼10.6% | ₹2.9K Cr ▼4.7% | ₹3.1K Cr ▲1.3% | ₹3.1K Cr ▼15.1% | ₹3.6K Cr ▲7.1% | ₹3.4K Cr ▲5.0% | ₹3.2K Cr ▲3.1% | ₹3.1K Cr |
| Other Liabilities | ₹2.0K Cr ▼20.1% | ₹2.5K Cr ▼0.9% | ₹2.5K Cr ▼9.2% | ₹2.7K Cr ▼8.6% | ₹3.0K Cr ▲28.4% | ₹2.3K Cr ▼9.3% | ₹2.6K Cr ▼4.3% | ₹2.7K Cr ▲8.8% | ₹2.5K Cr ▼7.3% | ₹2.7K Cr |
| Total Liabilities | ₹13.4K Cr ▼3.1% | ₹13.8K Cr ▲29.2% | ₹10.7K Cr ▼6.7% | ₹11.5K Cr ▼4.8% | ₹12.0K Cr ▲8.6% | ₹11.1K Cr ▼5.0% | ₹11.7K Cr ▲3.3% | ₹11.3K Cr ▲3.2% | ₹10.9K Cr ▼0.0% | ₹10.9K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹11.2K Cr ▼3.9% | ₹11.6K Cr ▲69.3% | ₹6.9K Cr ▲1.0% | ₹6.8K Cr ▼4.2% | ₹7.1K Cr ▲0.5% | ₹7.1K Cr ▼2.0% | ₹7.2K Cr ▲1.9% | ₹7.1K Cr ▼1.0% | ₹7.1K Cr ▼1.6% | ₹7.3K Cr |
| CWIP | ₹344 Cr ▲94.4% | ₹177 Cr ▼6.8% | ₹190 Cr ▼39.3% | ₹313 Cr ▼18.9% | ₹386 Cr ▲28.7% | ₹300 Cr ▲27.7% | ₹235 Cr ▲19.9% | ₹196 Cr ▲11.4% | ₹176 Cr ▲31.3% | ₹134 Cr |
| Investments | ₹83 Cr ▼30.8% | ₹120 Cr ▼62.4% | ₹319 Cr ▼4.5% | ₹334 Cr ▼18.1% | ₹408 Cr ▲7.1% | ₹381 Cr ▼0.3% | ₹382 Cr ▲3.0% | ₹371 Cr ▲3.6% | ₹358 Cr ▲0.0% | ₹358 Cr |
| Other Assets | ₹1.8K Cr ▼5.6% | ₹1.9K Cr ▼42.9% | ₹3.3K Cr ▼17.4% | ₹4.0K Cr ▼3.2% | ₹4.1K Cr ▲24.0% | ₹3.3K Cr ▼13.1% | ₹3.8K Cr ▲5.1% | ₹3.7K Cr ▲12.1% | ₹3.3K Cr ▲2.1% | ₹3.2K Cr |
| Total Assets | ₹13.4K Cr ▼3.1% | ₹13.8K Cr ▲29.2% | ₹10.7K Cr ▼6.7% | ₹11.5K Cr ▼4.8% | ₹12.0K Cr ▲8.6% | ₹11.1K Cr ▼5.0% | ₹11.7K Cr ▲3.3% | ₹11.3K Cr ▲3.2% | ₹10.9K Cr ▼0.0% | ₹10.9K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹-27 Cr ▲89.5% | ₹-256 Cr ▼174.4% | ₹344 Cr ▲1910.5% | ₹-19 Cr ▼104.3% | ₹439 Cr ▼58.0% | ₹1.0K Cr ▲170.3% | ₹387 Cr ▲2.7% | ₹377 Cr ▼32.2% | ₹556 Cr ▼27.3% | ₹765 Cr |
| Investing CF | ₹-103 Cr ▼105.1% | ₹2.0K Cr ▲712.5% | ₹248 Cr ▼43.0% | ₹435 Cr ▲274.0% | ₹-250 Cr ▼32.3% | ₹-189 Cr ▲33.0% | ₹-282 Cr ▼39.6% | ₹-202 Cr ▲34.0% | ₹-306 Cr ▼93.7% | ₹-158 Cr |
| Financing CF | ₹40 Cr ▲102.3% | ₹-1.7K Cr ▼203.8% | ₹-572 Cr ▼44.1% | ₹-397 Cr ▼116.9% | ₹-183 Cr ▲78.7% | ₹-860 Cr ▼681.8% | ₹-110 Cr ▲38.9% | ₹-180 Cr ▲23.4% | ₹-235 Cr ▲61.2% | ₹-605 Cr |
| Net Cash Flow | ₹-89 Cr ▼545.0% | ₹20 Cr ▲5.3% | ₹19 Cr ▲0.0% | ₹19 Cr ▲216.7% | ₹6 Cr ▲300.0% | ₹-3 Cr ▲50.0% | ₹-6 Cr ▼20.0% | ₹-5 Cr ▼131.3% | ₹16 Cr ▲700.0% | ₹2 Cr |
| Free Cash Flow | ₹-115 Cr ▼471.0% | ₹31 Cr ▼87.8% | ₹255 Cr ▲79.6% | ₹142 Cr ▼50.7% | ₹288 Cr ▼67.9% | ₹897 Cr ▲540.7% | ₹140 Cr ▼13.0% | ₹161 Cr ▼55.4% | ₹361 Cr ▼47.3% | ₹685 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20d ▼65.5% | 58d ▲13.7% | 51d ▼5.6% | 54d ▼22.9% | 70d ▲52.2% | 46d ▼11.5% | 52d ▲10.6% | 47d ▲4.4% | 45d ▲21.6% | 37d |
| Inventory Days | 269d ▲20.1% | 224d ▼3.0% | 231d ▼10.5% | 258d ▼29.9% | 368d ▲36.3% | 270d ▼13.5% | 312d ▲8.7% | 287d ▲11.2% | 258d ▼15.7% | 306d |
| Days Payable | 318d ▼19.5% | 395d ▼13.4% | 456d ▲4.1% | 438d ▼22.5% | 565d ▲15.8% | 488d ▼0.4% | 490d ▲7.0% | 458d ▲3.9% | 441d ▼15.5% | 522d |
| Cash Conv. Cycle | -28d ▲75.2% | -113d ▲35.1% | -174d ▼38.1% | -126d ▲0.8% | -127d ▲26.6% | -173d ▼36.2% | -127d ▼2.4% | -124d ▲10.1% | -138d ▲22.5% | -178d |
| Working Capital Days | -4d ▼119.0% | 21d ▲310.0% | -10d ▼128.6% | 35d ▲294.4% | -18d ▲67.9% | -56d ▼47.4% | -38d ▼171.4% | -14d ▼366.7% | -3d ▲91.9% | -37d |
| ROCE | 2.0% ▲140.0% | -5.0% ▼400.0% | -1.0% ▲75.0% | -4.0% ▼233.3% | 3.0% ▼57.1% | 7.0% ▲75.0% | 4.0% ▼20.0% | 5.0% ▲0.0% | 5.0% ▼37.5% | 8.0% |
Source: Screener.in · Lower days = better efficiency
About The India Cements Limited
India Cements Ltd is a leading cement manufacturing company headquartered in Chennai. It was incorporated in the year 1946 by Shri S N N Sankaralinga Iyer and Sri T S Narayanaswami. While retaining cement over the years as its mainstay, India Cements has ventured into related fields like shipping, captive power and coal mining that have purposeful synergy to the core business. The co is also a sponsor of the IPL franchise “Chennai Super Kings”. [1]
Construction Materials · Cement & Cement Products