THE INDIA CEMENTS LIMITED
Latest filings
- Shareholders asked to approve India Cements' move to Maharashtra · Compliance
- Postal ballot on moving registered office to Maharashtra · Board & Shareholder Meetings
- UltraTech call details India Cements upgrade plan and margin target · Investor Communications
Snapshot
What the business is, and whether it's a good one at a fair price.
Manufactures and sells cement and clinker from 16 plants spread across 14 states, with cement and clinker together making up 99.05% of standalone turnover of Rs 4,484.69 crore in FY26. Q1 FY27 standalone volume was 2.58 MT, up 18.5% year-on-year, at a net realisation of Rs 3,847 per ton and operating EBITDA per ton of Rs 603. The company is a subsidiary of UltraTech Cement, which holds 74.998% as intermediary holding with Grasim Industries as the ultimate parent, and the India Cements brand has been 100% migrated to UltraTech. Management is targeting Rs 1,000 per ton EBITDA by Q4 FY28, having scaled from Rs 386/ton three quarters earlier. The Board has approved Rs 2,000 crore investment for 2.8 MT of new capacity and greener power, with Rs 1,553 crore committed till June 2026 and a green power ramp from around 3% to about 86% of power needs targeted by FY28-end. Cost structure is dominated by other operating expenses at 63.6% of revenue and materials at 22.4% (FY26), with depreciation at 6.7% and employee costs at 5.4%.
Scorecard
Measured from the filed financials, judged against its Cement & Cement Products peers · as of FY26 — not investment advice
Strengths
Concerns
Charts
How has the market priced it — with filings on the timeline?
INDIACEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peers
How does it stack up on valuation, returns and growth?
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Financials
Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Ownership
Who owns it — and is the promoter stake clean?
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Common questions
Answered from THE INDIA CEMENTS LIMITED's filed financials and exchange disclosures
What does THE INDIA CEMENTS LIMITED do?
THE INDIA CEMENTS LIMITED is a Cement & Cement Products company listed on NSE and BSE, trading under the symbol INDIACEM.
Is THE INDIA CEMENTS LIMITED profitable?
Yes. Over the trailing twelve months THE INDIA CEMENTS LIMITED reported a net profit of ₹92 Cr on revenue of ₹4,479 Cr.
Does THE INDIA CEMENTS LIMITED pay a dividend?
Not in the latest reported year — THE INDIA CEMENTS LIMITED's dividend payout for FY26 was nil.
Is THE INDIA CEMENTS LIMITED debt-free?
No. It reported borrowings of ₹1,305 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹1,291 Cr after cash. Debt stands at 0.13× equity. That is lower than 78% of its 33 Cement & Cement Products peers.
Is THE INDIA CEMENTS LIMITED expensive compared with its peers?
On trailing P/E, THE INDIA CEMENTS LIMITED ranks 26 of 29 in Cement & Cement Products — cheaper than 11% of them, against an industry median of 27.7×. This is a position, not a valuation judgement.
How much does the THE INDIA CEMENTS LIMITED share price move in a day?
On a typical session THE INDIA CEMENTS LIMITED moves 1.10% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.
Where can I track THE INDIA CEMENTS LIMITED's announcements?
Every NSE and BSE filing by THE INDIA CEMENTS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.