Construction Materials · NIFTY 500

The India Cements Limited

NSEINDIACEM BSE530005 ISININE383A01012 SeriesEQ Listed on NSE · BSE

₹351.50 +1.15 (+0.33%) Updated 12 Nov, 6:16 pm IST

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Price, daily close-12.39% in a year

Today

Open: ₹350.00
Prev close: ₹350.35
Day high: ₹355.45
Day low: ₹344.50
Volume: 1.53 L
Value traded: ₹5.39 Cr
Upper circuit: ₹420.40
Lower circuit: ₹280.30
52W high: ₹485.80
52W low: ₹286.50
1 month: +18.41%
6 months: -12.32%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹10,893 Cr

P/E (TTM)88.99

P/B1.07

Book value / share₹328.79

EPS (TTM)₹3.95

ROE1.2%

Dividend yield—

Dividend (12m)—

Net margin (TTM)2.7%

Operating margin12.6%

Debt / equity0.16

Current ratio0.76

EV / EBITDA25.66

Sales growth (YoY qtr)+2.24%

Profit growth (YoY qtr)—

Sales CAGR 3Y-7.18%

Profit CAGR 3Y—

Shares30.99 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

1,1440.7

Dec 23

1,267-60.6

Mar 24

1,02758.5

Jun 24

1,032-339

Sep 24

9410.0

Dec 24

1,19714.7

Mar 25

1,025-133

Jun 25

1,1170.0

Sep 25

1,114-2.7

Dec 25

1,22959.5

Mar 26

1,01926.9

Jun 26

1,14238.8

Sep 26

Revenue · QoQ (vs last quarter)

—+11%-19%+0.5%-8.8%+27%-14%+9.0%-0.2%+10%-17%+12%

Revenue · YoY (vs a year ago)

————-18%-5.5%-0.2%+8.3%+18%+2.6%-0.5%+2.2%

Net profit · QoQ (vs last quarter)

—-9,137%+197%-680%+100%—-1,005%+100%—+2,328%-55%+45%

Net profit · YoY (vs a year ago)

————-100%+124%-327%+100%—+305%+120%—

RevenueNet profitLine = trend

0.00

Dec 23

-1.91

Mar 24

1.87

Jun 24

-11.55

Sep 24

162.41

Dec 24

0.51

Mar 25

-4.21

Jun 25

0.28

Sep 25

-0.09

Dec 25

1.92

Mar 26

0.87

Jun 26

1.25

Sep 26

EPS (₹) · YoY (vs a year ago)

—————+127%-325%+102%-100%+276%+121%+346%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	1,144	1,267	1,027	1,032	941	1,197	1,025	1,117	1,114	1,229	1,019	1,142
Other income	29.4	20.2	15.5	159	46.4	26.3	9.1	29.0	23.7	25.9	3.5	3.7
Total income	1,174	1,287	1,042	1,191	987	1,224	1,034	1,146	1,138	1,255	1,023	1,146
Raw material	207	251	201	214	201	252	219	214	248	323	246	326
Purchases	31.9	0.4	30.5	0.5	18.2	1.1	0.0	0.0	0.0	0.0	0.0	0.0
Employee cost	87.9	99.8	107	96.1	87.5	89.7	62.3	57.8	59.9	62.9	47.6	45.0
Other expenses	755	878	709	854	807	884	721	720	734	675	582	652
Total expenses	1,214	1,352	1,190	1,323	1,260	1,313	1,042	1,136	1,134	1,175	962	1,093
Operating profit	75.0	53.4	216	-386	176	87.1	-40.6	75.1	70.6	142	130	144
OPM %	6.6%	4.2%	21.0%	-37.4%	18.7%	7.3%	-4.0%	6.7%	6.3%	11.6%	12.8%	12.6%
Finance cost	60.4	64.7	82.4	73.3	73.4	38.1	26.6	25.3	24.1	23.4	26.2	24.1
Depreciation	58.1	58.1	56.5	55.1	55.3	74.9	74.1	74.5	74.7	75.9	71.9	71.6
Exceptional items	26.2	15.9	241	-223	366	90.1	-124	-6.0	-8.5	-10.9	-25.3	—
Profit before tax	-14.1	-49.1	92.7	-355	93.8	0.5	-132	4.4	-4.5	68.8	35.8	52.3
Tax	-7.5	1.0	21.4	-16.3	-39.5	-24.1	-0.7	-4.4	-1.9	9.3	9.0	13.5
Net profit	0.7	-60.6	58.5	-339	122	14.7	-133	8.8	-2.7	59.5	26.9	38.8
Profit to shareholders	—	—	—	—	0.0	—	—	0.0	—	—	—	—
EPS (₹)	0.00	-1.91	1.87	-11.55	162.41	0.51	-4.21	0.28	-0.09	1.92	0.87	1.25

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

5,43270966.4

FY18

5,1865810.0

FY20

4,511788207

FY21

4,85848478.5

FY22

5,60843.1-127

FY23

5,112141-227

FY24

4,149126-144

FY25

4,485247-67.3

FY26

Revenue · YoY (vs a year ago)

——-13%+7.7%+15%-8.8%-19%+8.1%

Net profit · YoY (vs a year ago)

———-62%-262%-79%+37%+53%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY18	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	5,432	5,186	4,511	4,858	5,608	5,112	4,149	4,485
Other income	24.5	41.7	40.5	24.4	40.1	64.7	209	87.7
Total expenses	5,367	5,191	4,240	4,797	6,212	5,482	5,036	4,487
Employee cost	406	359	338	340	365	382	377	243
Operating profit	709	581	788	484	43.1	141	126	247
OPM %	13.1%	11.2%	17.5%	10.0%	0.8%	2.8%	3.0%	5.5%
Finance cost	365	343	271	198	242	244	266	99.3
Depreciation	279	256	247	226	219	226	239	299
Profit before tax	89.7	23.6	311	85.5	-378	-263	-171	-63.5
Tax	19.2	-29.9	102	19.5	-208	-47.6	-58.5	2.2
Tax rate %	21.4%	-126.4%	32.9%	22.8%	—	—	—	—
Net profit	66.4	50.2	207	78.5	-127	-227	-144	-67.3
Profit to shareholders	—	0.0	—	—	—	—	—	—
Net margin %	1.2%	0.0%	4.6%	1.6%	-2.3%	-4.4%	-3.5%	-1.5%
EPS (₹)	2.29	9.18	7.01	8.92	-4.04	-7.32	153.23	-2.17

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

5,7762,94064.9

Mar 23

5,5752,61884.2

Mar 24

10,1941,165103

Mar 25

10,1241,30513.8

Mar 26

10,1891,6248.2

Sep 26

Shareholders' equity · YoY (vs a year ago)

—-3.5%+83%-0.7%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	5,776	5,575	10,194	10,124	10,189
Long-term borrowings	1,801	1,420	1,071	976	1,059
Short-term borrowings	1,138	1,198	94.5	329	564
Total borrowings	2,940	2,618	1,165	1,305	1,624
Current liabilities	2,827	2,797	1,250	1,576	1,771
Fixed assets (PPE)	6,672	6,746	11,572	11,179	11,035
Inventories	785	631	556	734	715
Trade receivables	825	699	659	248	139
Cash & equivalents	64.9	84.2	103	13.8	8.2
Current assets	3,360	2,740	1,592	1,457	1,342
Total assets	11,467	10,701	13,830	13,403	13,753
Debt / equity	0.51	0.47	0.11	0.13	0.16

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

439-250-183

FY22

-19.5435-397

FY23

344248-572

FY24

-2562,015-1,738

FY25

-26.7-10340.3

FY26

Operations · YoY (vs a year ago)

—-104%+1,867%-175%+90%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	439	-19.5	344	-256	-26.7
Cash from investing	-250	435	248	2,015	-103
Cash from financing	-183	-397	-572	-1,738	40.3
Spent on fixed assets	-168	-57.7	-127	-62.4	-223
Free cash flow	271	-77.1	217	-319	-249
Net cash flow	6.2	18.6	19.4	19.9	-89.3

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

28.4%Dec 23

28.4%Mar 24

28.4%Jun 24

28.4%Sep 24

55.5%Dec 24

81.5%Mar 25

81.5%Jun 25

75.6%Sep 25

75.0%Dec 25

75.0%Mar 26

75.0%Jun 26

75.0%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

75.0%promoter

Promoter & group: 75.00%
Public (FIIs, mutual funds, retail…): 25.00%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Annual General MeetingEx 13-Sep-2024
Annual General MeetingEx 14-Sep-2023
Annual General Meeting/Dividend - Re 1 Per ShareEx 20-Sep-2022
Annual General Meeting/Dividend - Re 1 Per ShareEx 31-Aug-2021
Annual General Meeting/Dividend - Rs 0.60 Per ShareEx 18-Sep-2020
Annual General Meeting/Dividend - Rs 0.80 Per ShareEx 04-Sep-2019
Annual General Meeting/Dividend- Re 0.80 Per ShareEx 11-Sep-2018
Annual General Meeting/Dividend - Re 1/- Per ShareEx 24-Aug-2017

Board meetings

THE INDIA CEMENTS LIMITED has informed the Exchange about Board Meeting to be held on 17-Oct-2026 to inter-alia consider and approve the Unaudited Fi…17-Oct-2026
the financial results for the period ended September 30, 202617-Oct-2026
THE INDIA CEMENTS LIMITED has informed the Exchange about Board Meeting to be held on 18-Jul-2026 to inter-alia consider and approve the Unaudited Fi…18-Jul-2026
the financial results for the period ended Jun 30, 202618-Jul-2026
THE INDIA CEMENTS LIMITED has informed the Exchange about Board Meeting to be held on 25-Apr-2026 to inter-alia consider and approve the Audited Fina…25-Apr-2026

Filings with NSE

Copy of Newspaper Publication31 Oct
Copy of Newspaper Publication28 Oct
Shareholders meeting27 Oct
Analysts/Institutional Investor Meet/Con. Call Updates27 Oct
Analysts/Institutional Investor Meet/Con. Call Updates19 Oct
Investor Presentation17 Oct
General Updates17 Oct

Latest news

India Cements surges 22% in two days on heavy volume in weak marketBusiness Standard · 22 Oct, 12:30 pm India Cements shares decline 4% even as Q2 results improve; UltraTech commentary awaitedCNBC TV18 · 19 Oct, 12:30 pm India Cements Capital receives open offer letter at ₹12 per shareBusinessLine · 21 Oct, 12:30 pm India Cements shares surge over 7% after strong Q4 resultsMoneycontrol.com · 27 Apr, 12:30 pm L&T Technology Services, Fractal Analytics, India Cements shares surge amid spike in volumesUpstox · 21 Oct, 12:30 pm UltraTech Cement confirms no encumbrance on India Cements shares as of 31 Mar 2026scanx.trade · 12 Jun, 12:30 pm The India Cements Share Price Rises 6.1% TodayUnivest · 21 Oct, 12:30 pm India Cements jumps 13% on Q4 beat; Motilal Oswal retains Sell: Here's whyBusiness Standard · 27 Apr, 12:30 pm

About

About The India Cements Limited

The India Cements Limited is a cement manufacturing company based in Chennai. It is the 9th largest listed cement company in India by revenue. The company was headed by former International Cricket Council chairman and Board of Control for Cricket in India president N. Srinivasan.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: The India Cements Limited
NSE symbol: INDIACEM
BSE scrip code: 530005
ISIN: INE383A01012
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 31 May 2000
Face value: ₹10 per share
Market lot: 1 share
Shares issued: 30.99 crore
Index: NIFTY 500
Sector (NSE): Construction Materials
Industry: Construction Materials
Managing director / CEO: Suresh Vasant Patil
Headquarters: Chennai
Registered address: “Coromandel Towers”, 93, Santhome High Road, Karpagam Avenue, R.A. Puram, Chennai 600 028
Founded: 1946
Employees: 3,662
Financial year: April to March
Results basis: Consolidated
Website: indiacements.co.in

Peers

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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The India Cements Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers