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%.
Measured from the filed financials, judged against its Cement & Cement Products peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from THE INDIA CEMENTS LIMITED's filed financials and exchange disclosures
THE INDIA CEMENTS LIMITED is a Cement & Cement Products company listed on NSE and BSE, trading under the symbol INDIACEM.
Yes. Over the trailing twelve months THE INDIA CEMENTS LIMITED reported a net profit of ₹92 Cr on revenue of ₹4,479 Cr.
Not in the latest reported year — THE INDIA CEMENTS LIMITED's dividend payout for FY26 was nil.
No. Debt stands at 0.13× equity, and it carries net debt of ₹1,291 Cr. That is lower than 68% of its 38 Cement & Cement Products peers.
On trailing P/E, THE INDIA CEMENTS LIMITED ranks 32 of 35 in Cement & Cement Products — cheaper than 9% of them, against an industry median of 24.6×. This is a position, not a valuation judgement.
On a typical session THE INDIA CEMENTS LIMITED moves 1.05% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Financial Results on Sat, 17 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.
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.
