India Cements Ltd

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

India Cements Ltd

₹ 319 -0.22%
19 May 11:18 a.m.
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 ₹ 9,886 Cr.
  • Current Price ₹ 319
  • High / Low ₹ 386 / 173
  • Stock P/E
  • Book Value ₹ 329
  • Dividend Yield 0.00 %
  • ROCE -4.22 %
  • ROE -7.15 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.97 times its book value
  • Promoter holding has increased by 26.0% over last quarter.
  • Company's working capital requirements have reduced from 75.7 days to 39.6 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -4.37% over past five years.
  • Company has a low return on equity of -5.96% over last 3 years.
  • Company's cost of borrowing seems high

* 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

Sector: Cement Industry: Cement - South India

Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Commodities

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,418 1,514 1,327 1,281 1,486 1,437 1,264 1,113 1,236 1,027 1,008 941 1,197
1,355 1,475 1,403 1,341 1,533 1,428 1,260 1,067 1,199 1,051 1,173 1,131 1,200
Operating Profit 63 40 -76 -60 -47 8 4 46 37 -25 -165 -190 -3
OPM % 4% 3% -6% -5% -3% 1% 0% 4% 3% -2% -16% -20% -0%
7 10 11 311 -106 7 8 56 34 256 -64 396 111
Interest 49 61 70 62 50 58 60 59 64 82 73 73 38
Depreciation 56 54 55 55 55 54 55 57 57 56 54 55 75
Profit before tax -34 -64 -190 135 -258 -97 -103 -14 -49 93 -355 77 -5
Tax % -24% -230% -36% 17% -5% -24% -17% -53% 2% 23% -5% -51% -487%
-10 82 -110 133 -229 -87 -80 1 -61 58 -339 119 18
EPS in Rs -0.34 2.58 -3.65 4.30 -7.32 -2.82 -2.58 0.02 -1.95 1.89 -10.94 3.95 0.47
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
5,082 5,057 4,879 5,158 5,267 5,770 5,186 4,511 4,858 5,608 5,112 4,149
4,458 4,294 4,006 4,267 4,548 5,131 4,588 3,715 4,373 5,749 5,008 4,531
Operating Profit 624 763 873 891 720 639 599 796 486 -141 104 -382
OPM % 12% 15% 18% 17% 14% 11% 12% 18% 10% -3% 2% -9%
-135 22 21 17 14 26 24 32 23 224 102 697
Interest 411 478 440 380 365 350 343 271 198 242 244 266
Depreciation 320 303 291 276 279 265 256 247 226 219 226 239
Profit before tax -241 4 164 252 90 50 24 311 85 -378 -263 -191
Tax % 0% 127% 29% 37% 21% 49% -126% 33% 23% -55% -18% -31%
-239 -1 119 159 69 26 51 209 87 -125 -227 -144
EPS in Rs -7.92 -0.11 3.80 5.41 2.11 0.68 1.62 6.67 2.53 -4.09 -7.34 -4.64
Dividend Payout % 0% 0% 26% 19% 38% 118% 37% 15% 40% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: -4%
3 Years: -5%
TTM: -19%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -106%
Stock Price CAGR
10 Years: 14%
5 Years: 22%
3 Years: 21%
1 Year: 49%
Return on Equity
10 Years: -1%
5 Years: -3%
3 Years: -6%
Last Year: -7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 307 307 308 308 308 310 310 310 310 310 310 310
Reserves 3,364 3,073 4,742 4,867 4,961 4,936 5,188 5,388 5,637 5,466 5,265 9,884
3,498 3,502 3,296 3,100 3,197 3,356 3,593 3,052 3,091 2,945 2,618 1,165
1,962 1,805 2,345 2,674 2,479 2,696 2,579 2,340 3,005 2,746 2,508 2,471
Total Liabilities 9,132 8,687 10,692 10,950 10,946 11,297 11,670 11,090 12,043 11,467 10,701 13,830
5,210 4,599 7,488 7,260 7,146 7,072 7,206 7,065 7,101 6,803 6,874 11,638
CWIP 112 98 99 134 176 196 235 300 386 313 190 177
Investments 442 440 357 358 358 371 382 381 408 334 319 120
3,368 3,550 2,748 3,198 3,265 3,659 3,847 3,344 4,147 4,016 3,318 1,895
Total Assets 9,132 8,687 10,692 10,950 10,946 11,297 11,670 11,090 12,043 11,467 10,701 13,830

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
516 645 964 765 556 377 387 1,046 439 -19 344 -256
-184 -124 -220 -158 -306 -202 -282 -189 -250 435 248 2,015
-335 -520 -757 -605 -235 -180 -110 -860 -183 -397 -572 -1,738
Net Cash Flow -3 1 -14 2 16 -5 -6 -3 6 19 19 20

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 33 37 42 37 45 47 52 46 70 54 50 58
Inventory Days 281 287 267 306 258 287 312 270 368 258 212 224
Days Payable 459 402 447 522 441 458 490 488 565 438 418 395
Cash Conversion Cycle -145 -78 -138 -178 -138 -124 -127 -173 -127 -126 -156 -113
Working Capital Days -20 -3 -42 -12 8 8 15 28 68 109 79 40
ROCE % 4% 7% 8% 8% 5% 5% 4% 7% 3% -4% -1% -4%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
28.42% 28.42% 28.42% 28.42% 28.42% 28.42% 28.42% 28.42% 28.42% 28.42% 55.49% 81.49%
13.42% 13.86% 13.07% 13.15% 13.65% 13.43% 13.58% 13.27% 17.64% 16.17% 14.50% 4.94%
7.69% 9.50% 9.90% 9.38% 9.43% 10.04% 8.94% 8.47% 5.84% 6.05% 6.68% 3.69%
50.47% 48.24% 48.62% 49.04% 48.52% 48.12% 49.06% 49.83% 48.08% 49.36% 23.32% 9.87%
No. of Shareholders 1,95,5511,82,6231,89,4471,95,9741,94,2541,85,7581,96,4262,06,6672,11,2622,06,2851,87,3271,75,917

* 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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