India Cements Ltd

₹ 347 -0.57%

11 Jul - 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 ₹ 10,739 Cr.
Current Price ₹ 347
High / Low ₹ 386 / 239
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 1.05 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

Commodities Construction Materials Cement & Cement Products Cement & Cement Products

Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Commodities BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty MidSmallcap 400 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty Total Market Nifty500 Momentum 50 Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted

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Detailed Comparison with:

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
Raw PDF

Upcoming result date: 19 July 2025

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:	15%
5 Years:	24%
3 Years:	26%
1 Year:	16%

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

1 Recently

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 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	1,95,551	1,82,623	1,89,447	1,95,974	1,94,254	1,85,758	1,96,426	2,06,667	2,11,262	2,06,285	1,87,327	1,75,917

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	28.46%	28.37%	28.30%	28.26%	28.42%	28.42%	28.42%	28.42%	81.49%
	25.25%	18.22%	13.30%	12.85%	13.06%	13.29%	13.15%	13.27%	4.94%
	21.26%	28.33%	28.49%	8.26%	9.00%	8.84%	9.38%	8.47%	3.69%
	25.03%	25.08%	29.91%	50.63%	49.53%	49.46%	49.04%	49.83%	9.87%
No. of Shareholders	1,06,978	1,42,987	1,59,710	1,56,473	1,54,888	1,85,649	1,95,974	2,06,667	1,75,917

* 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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