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GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
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The India Cements Limited

The India Cements Limited

NSE: INDIACEM
Building MaterialsBasic MaterialsMID CAPMCap ₹14.05k Cr
₹302.30₹4.90 (+1.65%)

Market Closed • NSE

Market cap₹14.05k Cr
Enterprise value₹10.46k Cr
P/E TTM101.44
Forward P/E17.99
P/B0.93
EPS TTM₹2.98
Forward EPS₹16.80
D/E0.13
Dividend yield0.00%
52W high₹485.80
52W low₹289.20
Price chart(1Y)
1Y Return:-23.10% (₹90.80)
H: ₹416.4L: ₹289.2
1W+1.53%
1M-14.05%
3M-25.39%
6M-28.72%
1Y-22.86%
Today at a glance

Day range

₹296.45₹304.50

52 week range

₹289.20₹485.80
Volume241.6K1.12x 20D avg
Free float50.00%+11.50% volume

The India Cements Limited closed at INR302.30 (+1.65%) on volume 1.12x its 20-day average, trading 37.77% below its 52-week high.

Technical analysis
RSI (14)36.6Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹9.73High
SMA 20₹310.94BEARISH
SMA 50₹343.51BEARISH
SMA 100₹365.28BEARISH
SMA 200₹389.22BEARISH
CPR bottom₹295.68
Pivot₹296.25
CPR top₹296.82
What changed recently?

2024-09-13

AGM Announced

Annual General Meeting

2023-09-14

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹1.30k Cr₹14.05k Cr9.29%≤ 33%PASS
Non-halal income ratio–₹4.48k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹13.39k Cr₹13.40k Cr99.90%≥ 20%PASS
Receivables ratio–₹13.40k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E101.4421.90
Forward P/E17.99—
P/B0.932.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield1.004.60
Growth & profitability
RevenuePAT
FY24PAT margin -4.40%
FY25PAT margin -3.50%
FY26PAT margin -1.50%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+2.60%
Revenue CAGR 5Y-2.10%
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin8.22%
Net margin2.07%
Financial health & cash flow
Net debt₹1.29k CrModerate
Interest coverage1.00xEBIT / interest
CFO / PAT—x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹-2674.0 Lakh
Capital expenditure–
Free cash flow₹-24941.0 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation35/100
Profitability50/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.13x

Risks

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Stretched Valuation: Trading at a high P/E multiple of 101.4x

Bull case

Market Leadership: Established operational scale in Building Materials.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—13 Sept 2024
—Annual General MeetingAnnual General Meeting—14 Sept 2023
—Dividend₹1.00 / share—20 Sept 2022
—Dividend₹1.00 / share—31 Aug 2021
—Dividend₹0.60 / share—18 Sept 2020
—Dividend₹0.80 / share—04 Sept 2019
—Dividend₹0.80 / share—11 Sept 2018
—Dividend₹1.00 / share—24 Aug 2017
—Dividend₹1.00 / share—19 Aug 2016
—Annual General MeetingAnnual General Meeting—27 Nov 2015
09 Oct 2015For Distribution Of Chennai Super Kings Cricket Limited Shares To The Shareholders Of India CementsFor Distribution Of Chennai Super Kings Cricket Limited Shares To The Shareholders Of India Cements—08 Oct 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)45.40%-5.15% latest vs average
Highest delivery81.89%on 08 Oct
Average volume (20D)216.6KTrading-session average
Conviction trendWeakening-5.15% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.21L37.592.21%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About The India Cements Limited
The India Cements Limited

The India Cements Limited manufactures and sells cement and cement related products in India. It offers cements under the Conkrete Super King, Coromandel King, Sankar Super Power, Raasi Gold, Halo Super King brands; specialty cements; and ready-mix concrete. The company also engages in the generation of power from windmills and thermal power plants; and provision of freight services, as well as sale of clinker products. The company was incorporated in 1946 and is based in Chennai, India. The India Cements Limited operates as a subsidiary of UltraTech Cement Limited.

IndiaBasic Materials

Questions investors ask
Is The India Cements Limited Shariah compliant?

The India Cements Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (9.29%) complies with AAOIFI threshold (≤ 33%).

What is The India Cements Limited's current valuation relative to peers?

The India Cements Limited trades at a P/E of 101.4x compared to the sector median of 21.9x, and a Price-to-Book of 0.9x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.13x. Interest coverage is 1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -2.1% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.