India Cements Ltd

India Cements Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

India Cements Ltd

₹ 402 -4.14%
29 Apr - close price
indiacements.co.in BSE: 530005 NSE: INDIACEM
About

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]

Key Points

Product Offerings
The company primarily manufactures two standard types of cement including Ordinary Portland Cement and Portland Pozzolana Cement, the mix being 35:65. [1]

Website BSE NSE
  • Market Cap ₹ 12,452 Cr.
  • Current Price ₹ 402
  • High / Low ₹ 490 / 297
  • Stock P/E 134
  • Book Value ₹ 324
  • Dividend Yield 0.00 %
  • ROCE 1.76 %
  • ROE 0.94 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 43.4 to 20.2 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.22% over past five years.
  • Company has a low return on equity of -3.75% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Commodities Construction Materials Cement & Cement Products Cement & Cement Products

Part of BSE 500 Nifty 500 BSE Commodities BSE 250 SmallCap Index BSE 400 MidSmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,460 1,393 1,222 1,082 1,245 972 1,007 902 1,198 1,025 1,117 1,114 1,229
1,505 1,388 1,214 1,033 1,199 1,003 1,170 1,091 1,197 943 1,036 1,035 1,073
Operating Profit -44 5 8 49 47 -31 -164 -188 1 82 81 79 155
OPM % -3% 0% 1% 5% 4% -3% -16% -21% 0% 8% 7% 7% 13%
-95 7 6 43 41 247 16 -180 23 9 13 21 10
Interest 49 58 59 60 64 82 73 74 38 33 32 24 23
Depreciation 53 53 53 57 57 55 54 55 75 74 74 75 76
Profit before tax -242 -99 -99 -24 -33 78 -274 -497 -89 -16 -11 1 66
Tax % -10% -24% -18% -31% -11% 27% -13% -18% -29% -15% -39% -156% 17%
-218 -75 -81 -17 -29 57 -240 -409 -64 -14 -7 3 55
EPS in Rs -7.03 -2.43 -2.63 -0.53 -0.95 1.85 -7.74 -13.21 -2.06 -0.44 -0.22 0.10 1.77
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
4,424 4,229 5,079 5,176 5,628 5,058 4,437 4,713 5,381 4,942 4,088 4,485
3,740 3,453 4,216 4,475 4,986 4,469 3,628 4,251 5,553 4,829 4,436 4,087
Operating Profit 684 776 863 701 642 589 809 462 -173 114 -347 398
OPM % 15% 18% 17% 14% 11% 12% 18% 10% -3% 2% -8% 9%
30 18 14 11 27 -76 21 15 213 92 69 68
Interest 426 382 360 340 324 334 265 204 234 240 277 99
Depreciation 258 219 257 256 251 247 242 220 213 220 239 299
Profit before tax 29 192 260 116 93 -68 323 54 -407 -255 -794 68
Tax % 0% 32% 33% 13% 26% -48% 31% 28% -54% -20% -16% 3%
29 130 173 101 69 -36 222 39 -189 -203 -668 65
EPS in Rs 0.96 4.23 5.64 3.27 2.24 -1.15 7.16 1.26 -6.08 -6.54 -21.54 2.11
Dividend Payout % 0% 24% 18% 24% 36% -52% 14% 80% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 0%
3 Years: -6%
TTM: 10%
Compounded Profit Growth
10 Years: -3%
5 Years: -16%
3 Years: 31%
TTM: 113%
Stock Price CAGR
10 Years: 16%
5 Years: 20%
3 Years: 29%
1 Year: 28%
Return on Equity
10 Years: -1%
5 Years: -3%
3 Years: -4%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 307 308 308 308 310 310 310 310 310 310 310 310
Reserves 3,286 4,673 4,802 4,892 4,930 5,105 5,308 5,508 5,289 5,089 9,313 9,717
3,201 3,155 2,921 3,100 3,270 3,533 3,006 3,068 2,924 2,622 1,165 1,305
1,518 2,226 2,614 2,399 2,595 2,504 2,250 2,899 2,662 2,424 2,851 1,974
Total Liabilities 8,311 10,362 10,645 10,699 11,105 11,452 10,874 11,785 11,186 10,445 13,640 13,305
3,586 7,182 6,973 6,796 6,713 6,826 6,670 6,688 6,547 6,623 11,436 11,187
CWIP 89 93 128 171 177 196 187 272 313 190 177 344
Investments 1,585 551 619 588 695 737 746 780 494 395 130 113
3,051 2,536 2,926 3,143 3,520 3,694 3,271 4,046 3,832 3,237 1,897 1,661
Total Assets 8,311 10,362 10,645 10,699 11,105 11,452 10,874 11,785 11,186 10,445 13,640 13,305

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
579 917 812 468 413 414 1,036 418 -11 310 60 -33
-99 -160 -188 -294 -240 -340 -196 -254 429 246 1,730 -68
-479 -798 -624 -173 -175 -74 -840 -168 -405 -558 -1,729 40
Net Cash Flow 2 -41 0 2 -2 -0 0 -5 14 -2 61 -61
Free Cash Flow 447 757 733 278 242 277 910 288 -122 221 514 -121
CFO/OP 90% 119% 101% 72% 66% 76% 134% 99% 4% 278% -27% -7%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 38 46 37 44 47 52 45 71 55 51 59 20
Inventory Days 333 321 307 261 294 334 274 402 302 245 236 269
Days Payable 452 555 543 456 470 539 505 621 518 481 413 317
Cash Conversion Cycle -81 -188 -200 -151 -129 -153 -186 -147 -161 -185 -118 -28
Working Capital Days -50 -105 -45 -11 -20 -48 -67 -28 27 -10 -15 -12
ROCE % 7% 8% 8% 6% 5% 4% 7% 3% -4% -1% -6% 2%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Capacity Utilization
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Installed Cement Capacity
Mtpa
Total Cement Sales Volume
MnT
Logistics Cost
Rs/mt

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
28.42% 28.42% 28.42% 28.42% 28.42% 28.42% 55.49% 81.49% 81.49% 75.60% 75.00% 75.00%
13.65% 13.43% 13.58% 13.27% 17.64% 16.17% 14.50% 4.94% 2.97% 3.11% 3.41% 3.49%
9.43% 10.04% 8.94% 8.47% 5.84% 6.05% 6.68% 3.69% 5.76% 12.25% 12.80% 12.90%
48.52% 48.12% 49.06% 49.83% 48.08% 49.36% 23.32% 9.87% 9.77% 9.03% 8.80% 8.62%
No. of Shareholders 1,94,2541,85,7581,96,4262,06,6672,11,2622,06,2851,87,3271,75,9171,69,8441,63,0901,63,4801,56,567

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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