INDIACEM

THE INDIA CEMENTS LIMITED·CEMENT 36.07·Cement & Cement Products Companies

2026-10-22 NSE BSE 20% Result 17 Oct

Price

331.75

+0.59%
O:322.35
H:358.8
L:316.25
C:331.75

52W Range

286.5485.8
+16%/-32%

Market Cap

₹10,280.84 Cr

Traded: ₹1,907.91 Cr (18.56%) 0.0x

Free Float: ₹940.70 Cr (202.82% of FF traded)

Volume · 60D trend

5.58 Cr 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:+12% 3M:-10% 6M:-14% 12M:-26%

RS Score

SEEM
NOUS
BNF
SMA Score

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Valuation

P/E84.0
P/B1.0
P/S2.3
EV/EBIT31.0

Business Strength

ROE-7.2%
ROCE-4.2%
OPM8.8%
NPM-1.5%

Growth (3Y CAGR)

EPS+53.2%
Sales-7.0%
Profit+28.0%
3Y Return+11.0%

Balance Sheet

Debt/Equity0.2
Debt1,621 Cr
Pledge0.0%
CWIP/Fixed Asset8.6%

Cash Position

CFO/NP40.3%
FCF-115 Cr
FCF 3Y Avg171 Cr
Cash/MCap1.0%

Others

Div Yield0.0%
Div Payout0.0%
Cash Conv. Cycle-28 days
Tradeable Free Float9.2%
INDIACEM331.75 0.59% NSEBSE20% 17 Oct
NOUS
BNF
MCap10.3K Cr
Vol5.58 Cr
RVol
Del%
TVal1,907.91 Cr
RS
SEEM

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 19.82 Cr
2.11% FF
60d high
₹ 26.55 Cr
60d low
₹ 18.09 Cr
60d mean
₹ 21.65 Cr
vs mean
▼ 8.47%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
ROE
-1.0%
-4.0%
-5.0%
--
--
Decelerating
Return
+7.0%
+7.0%
+11.0%
-23.0%
--
Stable
Profit
-11.0%
-29.0%
+28.0%
--
+161.0%
Accelerating
Sales
-1.0%
+0.0%
-7.0%
--
+5.0%
Stable

Quarterly Results

Sep 2026

17 Oct
Rev
▲1.1K Cr
+2% YoY+12% QoQ
OPM13.0%
NPM3.4%
PAT
+163% YoY▲39 Cr
EPS
+346% YoY▲1.3

Jun 2026

18 Jul
Rev
▼1.0K Cr
-1% YoY-17% QoQ
OPM15.0%
NPM2.6%
PAT
+526% YoY▼27 Cr
EPS
+120% YoY▼0.9

Mar 2026

25 Apr
Rev
▲1.2K Cr
+3% YoY+10% QoQ
OPM12.0%
NPM4.9%
PAT
+229% YoY▲60 Cr
EPS
+309% YoY▲1.9

Dec 2025

23 Jan
Rev
▼1.1K Cr
+19% YoY-0% QoQ
OPM7.0%
NPM-0.3%
PAT
+103% YoY▼-3 Cr
EPS
-102% YoY▼-0.1

Sep 2025

PDF
Rev
▲1.1K Cr
+9% YoY+9% QoQ
OPM7.0%
NPM0.8%
PAT
+112% YoY▲9 Cr
EPS
+103% YoY▲0.3

Jun 2025

PDF
Rev
▼1.0K Cr
-0% YoY-14% QoQ
OPM8.0%
NPM-13.0%
PAT
+93% YoY▼-133 Cr
EPS
-327% YoY▼-4.3

Mar 2025

PDF
Rev
▲1.2K Cr
-3% YoY+27% QoQ
OPM-0.2%
NPM1.5%
PAT
+27% YoY▼18 Cr
EPS
+124% YoY▼0.5

Dec 2024

PDF
Rev
▼940 Cr
-16% YoY-8% QoQ
OPM-20.0%
NPM12.7%
PAT
-1054% YoY▲119 Cr
EPS
+19650% YoY▲4.0

Sep 2024

PDF
Rev
▼1.0K Cr
-19% YoY-0% QoQ
OPM-16.0%
NPM-33.2%
PAT
-59% YoY▼-339 Cr
EPS
-324% YoY▼-10.9

Jun 2024

PDF
Rev
▼1.0K Cr
-29% YoY-17% QoQ
OPM-2.4%
NPM5.7%
PAT
-84% YoY▲58 Cr
EPS
+167% YoY▲1.9

Mar 2024

PDF
Rev
▲1.2K Cr
-17% YoY+11% QoQ
OPM3.0%
NPM-4.9%
PAT
+39% YoY▼-61 Cr
EPS
+73% YoY▼-1.9

Dec 2023

PDF
Rev
▼1.1K Cr
-13% YoY-12% QoQ
OPM4.2%
NPM0.1%
PAT
+87% YoY▲1 Cr
EPS
-100% YoY▲0.0

Sep 2023

PDF
Rev
▼1.3K Cr
---12% QoQ
OPM0.3%
NPM-6.3%
PAT
+29% YoY▲-80 Cr
EPS
--▲-2.6

Jun 2023

PDF
Rev
▼1.4K Cr
---3% QoQ
OPM1.0%
NPM-6.0%
PAT
-209% YoY▲-87 Cr
EPS
--▲-2.8

Mar 2023

Rev
▲1.5K Cr
--+16% QoQ
OPM-3.0%
NPM-15.4%
PAT
-1027% YoY▼-229 Cr
EPS
--▼-7.3

Dec 2022

Rev
1.3K Cr
----
OPM-4.7%
NPM10.4%
PAT
-982% YoY133 Cr
EPS
--4.3

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.16
Interest Coverage-2.0x
Promoter Pledge0.0%
Borrowings1.6K Cr

Efficiency

Receivable Days20 days
Inventory Days269 days
Payable Days318 days
Cash Conversion cycle-28 days

Cash Position

Operating Cash Flow-27 Cr
Investing Cash Flow-103 Cr
Financing Cash Flow40 Cr
Free Cash Flow-115 Cr

Detailed Financials

Sep 2026PDF ↗
Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023
Dec 2022
Sales1,1421,0191,2291,1141,1171,0251,1989401,0221,0271,2361,1131,2641,4371,4861,281
Expenses9988641,0761,0351,0369421,2001,1301,1851,0511,1991,0671,2601,4281,5331,341
Operating Profit144156153798183-2-190-163-25374648-47-60
Other Income4-22151523-115110396-64256345687-106311
Interest24262324252738737382645960585062
Depreciation72727675747475555556575755545555
Profit Before Tax523669-54-132-577-35593-49-14-103-97-258135
Tax %26.0%25.0%13.0%-41.0%-101.0%-1.0%-486.0%-51.0%-5.0%23.0%2.0%-53.0%-17.0%-24.0%-5.0%17.4%
Net Profit392760-39-13318119-33958-611-80-87-229133
Exceptional Items0-25-11-8-6-12485384-223241142800-114300
EPS (Rs)1.30.91.9-0.10.3-4.30.54.0-10.91.9-1.90.0-2.6-2.8-7.34.3
Sales Growth (YoY)2.2%-0.6%2.6%18.5%9.3%-0.2%-3.1%-15.5%-19.1%-28.5%-16.8%-13.1%--------
Sales Growth (QoQ)12.1%-17.1%10.3%-0.3%9.0%-14.4%27.4%-8.0%-0.5%-16.9%11.1%-11.9%-12.0%-3.3%16.0%--
OP Growth (YoY)77.8%88.0%7750.0%141.6%149.7%432.0%-105.4%-513.0%-4175.0%-412.5%178.7%177.2%--------
OP Growth (QoQ)-7.7%2.0%93.7%-2.5%-2.4%4250.0%98.9%-16.6%-552.0%-167.6%-19.6%1050.0%-50.0%117.0%21.2%--
Profit Growth (YoY)163.0%526.0%229.0%103.0%112.0%93.0%27.0%-1054.0%-59.0%-84.0%39.0%87.0%29.0%-209.0%-1027.0%-982.0%
EPS Growth (YoY)346.4%120.3%308.5%-102.3%102.6%-327.0%124.1%19650.0%-324.0%167.0%73.4%-99.5%--------
EPS Growth (QoQ)43.7%-54.7%2233.3%-132.1%106.5%-1012.8%-88.1%136.1%-678.8%196.9%-9850.0%100.8%8.5%61.5%-270.2%--
OP Margin12.6%15.3%12.4%7.1%7.3%8.1%-0.2%-20.2%-15.9%-2.4%3.0%4.1%0.3%0.6%-3.2%-4.7%
Net Margin3.4%2.6%4.9%-0.3%0.8%-13.0%1.5%12.7%-33.2%5.7%-4.9%0.1%-6.3%-6.0%-15.4%10.4%
Material Cost %26.3%22.9%27.5%21.6%23.1%15.4%19.0%25.1%23.9%22.9%18.4%20.5%20.5%22.6%21.4%19.8%
Employee Cost %3.9%4.7%5.1%5.4%5.2%6.1%5.7%7.4%7.5%10.4%7.7%7.8%7.9%6.5%5.6%7.7%
P/S2.282.092.842.84------------------------
P/E83.99101.44----------------------------
P/B1.010.931.261.25------------------------

Shareholding Pattern

Shareholders:1.6L (-20.4%)
Current MixSep 2026

Exchange Filings

50
Company Update19 Oct 2026

Audio Recording - Earnings Call

Company Update17 Oct 2026

Investor Presentation on performance of the Company for the quarter ended 30th September 2026

Company Update17 Oct 2026

Shifting of Registered Office of the Company

Board Meeting17 Oct 2026

Board Meeting Outcome for Unaudited Standalone and Consolidated Financial Results for the Quarter and Half-Year ended 30th September 2026

Result17 Oct 2026

Unaudited Standalone and Consolidated Financial Results For the Quarter and Half-Year ended 30th September 2026

Company Update15 Oct 2026

Acquisition of 3.62% equity share capital of Zenataris Renewable Energy Private Limited

AGM/EGM12 Oct 2026

Outcome of Postal Ballot - Voting Results

AGM/EGM12 Oct 2026

Outcome of Postal Ballot - Voting Results

Company Update06 Oct 2026

Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018

Company Update01 Oct 2026

Intimation regarding Earnings Call

Company Update12 Sept 2026

Newspaper Publication of Postal Ballot Notice dated 09.09.2026

AGM/EGM11 Sept 2026

Postal Ballot Notice dated 09.09.2026

Company Update02 Sept 2026

Acquisition of 26% equity share capital of Amplus TN One Energy Private Limited

Insider Trading / SAST01 Sept 2026

Closure of Trading Window

Board Meeting01 Sept 2026

India Cements Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/10/2026 ,inter alia, to consider and approve Standalone and Consolidated unaudited ....

Company Update25 Aug 2026

Newspaper Advertisement regarding Notice of Special Window for Transfer and Dematerialisation of Physical Securities.

Company Update13 Aug 2026

Disclosure under Regulation 30- ESG Rating

Company Update13 Aug 2026

Change in Email Address of the Company

AGM/EGM11 Aug 2026

Scrutinizer''s Report for the Annual General Meeting held on 10.08.2026

Company Update10 Aug 2026

Chairman Speech at the 80th Annual General Meeting of the Company

AGM/EGM10 Aug 2026

Proceedings of 80th Annual General Meeting of the Company held on Monday, 10th August, 2026 held through Video Conferencing and Other Audio Visual Means

Company Update06 Aug 2026

Change in Directorate

Company Update23 Jul 2026

Transcript of Earnings Call

Company Update22 Jul 2026

Disclosure w.r.t. demand notices received from District Collector, Tirunelveli, Tamil Nadu

Company Update18 Jul 2026

Intimation pursuant to Regulation 36(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Company Update18 Jul 2026

Announcement under Regulation 30 (LODR) - Newspaper Publication

Company Update18 Jul 2026

Investor Presentation on performance of the Company for the quarter ended 30.06.2026

Board Meeting18 Jul 2026

Board Meeting Outcome for Unaudited Financial Results (Standalone and Consolidated) for the Quarter Ended 30.06.2026

Result18 Jul 2026

Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30.06.2026

Others17 Jul 2026

Business Responsibility and Sustainability Report (BRSR) for the year ended 31.03.2026

Others17 Jul 2026

Annual Report 2026

Company Update14 Jul 2026

Announcement under Regulation 30 (LODR) - Newspaper Publication

AGM/EGM09 Jul 2026

Annual General Meeting (AGM) of the Company to be held on 10th August 2026

Company Update07 Jul 2026

Certificate under Regulation 74(5) of SEBI(DP) Regulations, 2018

Company Update03 Jul 2026

Newspaper advertisement pursuant to IEPF Rules, 2016

Company Update03 Jul 2026

Intimation regarding Earnings Call

Company Update02 Jul 2026

Letter to Shareholder - Transfer of Dividend and corresponding shares to the Investor Education and Protection Fund

Company Update29 Jun 2026

Newspaper Advertisement regarding Notice of Special Window for Transfer and Dematerialisation of Physical Securities

Company Update26 Jun 2026

Credit rating by CARE Ratings Limited

Company Update23 Jun 2026

Completion of tenure of Independent Director

Company Update23 Jun 2026

Resignation of Mr. Ashok Ramchandran as a Director of the Company with effect from the close of business on 23rd June 2026.

Company Update10 Jun 2026

Acquisition of 12.48% equity share capital of FPEL SERVICES PRIVATE LIMITED

Board Meeting01 Jun 2026

India Cements Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/07/2026 ,inter alia, to consider and approve Standalone and Consolidated Unaudited ....

Insider Trading / SAST01 Jun 2026

Closure of Trading Window

Company Update29 May 2026

Annual Secretarial Compliance Report for the Financial Year 2025-26.

Company Update16 May 2026

Disclosure w.r.t. Compounding Order passed by Foreign Exchange Department, Reserve Bank of India, Chennai

AGM/EGM07 May 2026

Voting results of Postal Ballot Notice dated 31.03.2026 through Remote e-voting process and Scrutinizer''s Report.

AGM/EGM07 May 2026

Voting results of Postal Ballot Notice dated 31.03.2026 through Remote e-voting process and Scrutinizer''s Report

Company Update02 May 2026

Transcript of Earnings Call

Company Update29 Apr 2026

Newspaper Advertisement regarding Notice of Special Window for Transfer and Dematerialisation of Physical Securities and Second 100 Days Campaign - "Saksham Niveshak"

Credit Ratings

6
careRating update
11 Sept 2025Report
careRating update
23 Jun 2025Report
careRating update
09 Apr 2025Report
careRating update
27 Jan 2025Report
careRating update
06 Aug 2024Report
careRating update
13 Feb 2024Report

Concalls

14

Jan 2026

31 Jan 2026

Oct 2025

31 Oct 2025

Jul 2025

31 Jul 2025

May 2025

31 May 2025

May 2024

31 May 2024

Feb 2024

29 Feb 2024

Nov 2023

30 Nov 2023

Aug 2023

31 Aug 2023

May 2023

31 May 2023

Feb 2023

28 Feb 2023

Nov 2022

30 Nov 2022

Aug 2022

31 Aug 2022

Jun 2022

30 Jun 2022

Jan 2021

31 Jan 2021

Held by ETFs

11 ETFs hold INDIACEM · sorted by weight

#ETFWeight %
1

SMALL250

MIRAEAMC - SMALL250

0.09%
2

GROWWSC250

GROWWAMC - GROWWSC250

0.09%
3

HDFCSML250

HDFCAMC - HDFCSML250

0.09%
4

MOSMALL250

MOTILALAMC - MOSMALL250

0.09%
5

SMALLADD

DSPAMC - SMALLADD

0.09%
6

SBISMLETF

SBIAMC - SBISMLETF

0.09%
7

MULTICAP

MIRAEAMC - MULTICAP

0.02%
8

AONETOTAL

AONEAMC - AONETOTAL

0.01%
9

BSE500IETF

ICICIPRAMC - ICICI500

0.01%
10

MONIFTY500

MOTILALAMC - MONIFTY500

0.01%
11

HDFCBSE500

HDFCAMC - HDFCBSE500

0.01%

Held by Mutual Funds

41 schemes hold INDIACEM · sorted by weight

#SchemeWeight %
1

JM Aggressive Hybrid Fund

JM Financial Mutual Fund

1.71%
2

Kotak Manufacture in India Fund

Kotak Mahindra Mutual Fund

1.67%
3

JM ELSS Tax Saver Fund

JM Financial Mutual Fund

1.42%
4

Baroda BNP Paribas Value Fund

Baroda BNP Paribas Mutual Fund

1.28%
5

JM Large & Mid Cap Fund

JM Financial Mutual Fund

1.23%
6

Franklin India Small Cap Fund

Franklin Templeton Mutual Fund

1.18%
7

Baroda BNP Paribas Small Cap Fund

Baroda BNP Paribas Mutual Fund

1.16%
8

Baroda BNP Paribas Business Cycle Fund

Baroda BNP Paribas Mutual Fund

1.12%
9

Baroda BNP Paribas Multi Cap Fund

Baroda Mutual Fund

1.08%
10

Baroda BNP Paribas Energy Opportunities Fund

Baroda BNP Paribas Mutual Fund

1.05%
11

Baroda BNP Paribas Business Conglomerates Fund

Baroda BNP Paribas Mutual Fund

1.03%
12

SBI Infrastructure Fund

SBI Mutual Fund

1.00%
13

Kotak Large & Midcap Fund

Kotak Mahindra Mutual Fund

0.94%
14

Baroda BNP Paribas Manufacturing Fund

Baroda BNP Paribas Mutual Fund

0.93%
15

Baroda BNP Paribas Aggressive Hybrid Fund

BNP Paribas Mutual Fund

0.78%
16

JM Midcap Fund

JM Financial Mutual Fund

0.70%
17

Baroda BNP Paribas Multi Asset Fund

Baroda BNP Paribas Mutual Fund

0.70%
18

Baroda BNP Paribas Midcap Fund

BNP Paribas Mutual Fund

0.62%
19

Kotak Multi Cap Fund

Kotak Mahindra Mutual Fund

0.60%
20

Baroda BNP Paribas Retirement Fund

Baroda BNP Paribas Mutual Fund

0.48%
21

SBI Mid Cap Direct Plan-Growth

SBI Mutual Fund

0.47%
22

Kotak Large Cap Fund

Kotak Mahindra Mutual Fund

0.35%
23

JM Flexi Cap Fund

JM Financial Mutual Fund

0.26%
24

Nippon India Nifty 500 Equal Weight Index Fund

Nippon India Mutual Fund

0.20%
25

Edelweiss Nifty Smallcap 250 Index Fund

Edelweiss Mutual Fund

0.13%
26

Kotak Nifty Smallcap 250 Index Fund

Kotak Mahindra Mutual Fund

0.13%
27

Motilal Oswal Nifty Smallcap 250 Index Fund

Motilal Oswal Mutual Fund

0.13%
28

Groww Nifty Smallcap 250 Index Fund

Groww Mutual Fund

0.12%
29

ICICI Prudential Nifty Smallcap 250 Index Fund

ICICI Prudential Mutual Fund

0.12%
30

Bandhan Nifty Smallcap 250 Index Fund

Bandhan Mutual Fund

0.12%
31

HDFC Nifty Smallcap 250 Index Fund

HDFC Mutual Fund

0.12%
32

SBI Nifty Smallcap 250 Index Fund

SBI Mutual Fund

0.12%
33

HDFC Nifty500 Multicap 50:25:25 Index Fund

HDFC Mutual Fund

0.03%
34

ICICI Prudential Nifty 500 Index Fund

ICICI Prudential Mutual Fund

0.01%
35

Axis Nifty 500 Index Fund

Axis Mutual Fund

0.01%
36

Groww Nifty Total Market Index Fund

Groww Mutual Fund

0.01%
37

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.01%
38

SBI Nifty 500 Index Fund

SBI Mutual Fund

0.01%
39

HDFC BSE 500 Index Fund

HDFC Mutual Fund

0.01%
40

Motilal Oswal Nifty 500 Index Fund

Motilal Oswal Mutual Fund

0.01%
41

Bandhan Nifty Total Market Index Fund

Bandhan Mutual Fund

0.01%