The India Cements Limited

Web: indiacements.co.in NSE: INDIACEM BSE: 530005 SECTOR: Construction Materials - Cement & Cement Products

406 3(-1%)

Volume

8L as on 22, Jul

Open

346

High

379

Low

372

410

VWAP

407

52 Week High

486

52 Week Low

330

Viand Research Rating

Quality Score

41/100

Growth Score

40/100

Valuation Score

50/100

Momentum Score

70/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

12,593

No. of Shares

P/E

-49.23

P/B

2.16

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

-4.39

ROCE

Profit Growth

Listing Date

31-May-00

Promoter Holding

75%

FII Holding

3.49%

DII Holding

12.9%

Price Chart

Price Performance

1 Week5%

1 Month8%

3 Months3%

6 Months11%

1 Year11%

YTD6%

Moving Average

5 Day SMA403

10 Day SMA392

20 Day SMA386

30 Day SMA385

50 Day SMA388

61 Day SMA391

80 Day SMA389

200 Day SMA404

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	433	411	422	433
Resistance 2	422	409	415	422
Resistance 1	414	407	410	414
Pivot Point	403	405	403	403
Support 1	394	403	395	394
Support 2	383	402	391	383
Support 3	375	400	383	375

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	ULTRACEMCO	3,51,611	11932	1%	4%	4%	4%	39	36.5	0.31	8188
2	GRASIM	2,11,033	3101	3%	0%	14%	17%	21	36.5	2.2	10300
3	AMBUJACEM	1,05,257	424	1%	1%	21%	31%	21	36.5	0.01	5637
4	SHREECEM	96,372	26710	1%	7%	3%	17%	65	36.5	0.08	1749
5	JKCEMENT	43,657	5650	6%	5%	3%	13%	0	36.5	0.88	988
6	DALBHARAT	34,869	1859	2%	9%	13%	18%	0	36.5	0.41	1157
7	ACC	25,085	1336	2%	1%	21%	30%	0	36.5	0.02	2137
8	RAMCOCEM	21,660	917	3%	2%	16%	24%	0	36.5	0.48	699
9	NUVOCO	12,979	363	5%	15%	3%	12%	0	36.5	0.48	360
10	INDIACEM	12,593	406	5%	8%	11%	11%	0	36.5	0.13	-67
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 75.00%	(-0.61) 75.00%	(-5.91) 75.60%	(0.01) 81.49%	(26.01) 81.49%	(27.11) 55.49%	(0.01) 28.42%	(0.01) 28.42%	(0.01) 28.42%	(0.01) 28.42%	(0.01) 28.42%	(0.01) 28.42%	(0.01) 28.42%	(0.01) 28.42%	(0.01) 28.42%	(0.01) 28.42%	(0.01) 28.42%	(0.01) 28.42%	(0.01) 28.42%
FIIs	(0.11) 3.49%	(0.31) 3.41%	(0.11) 3.11%	(-2.01) 2.97%	(-9.61) 4.94%	(-1.71) 14.50%	(-1.51) 16.17%	(4.41) 17.64%	(-0.31) 13.27%	(0.21) 13.58%	(-0.21) 13.43%	(0.51) 13.65%	(0.11) 13.15%	(-0.81) 13.07%	(0.41) 13.86%	(0.11) 13.42%	(0.11) 13.29%	(0.01) 13.20%	(0.01) 13.22%
DIIs	(0.11) 12.90%	(0.61) 12.80%	(6.51) 12.25%	(2.11) 5.76%	(-3.01) 3.69%	(0.61) 6.68%	(0.21) 6.05%	(-2.61) 5.84%	(-0.51) 8.47%	(-1.11) 8.94%	(0.61) 10.04%	(0.01) 9.43%	(-0.51) 9.38%	(0.41) 9.90%	(1.81) 9.50%	(-1.21) 7.69%	(0.91) 8.84%	(1.61) 7.91%	(0.01) 6.30%
Public	8.62%	8.80%	9.03%	9.77%	9.87%	23.32%	49.36%	48.08%	49.83%	49.06%	48.12%	48.52%	49.04%	48.62%	48.24%	50.47%	49.46%	50.47%	52.07%
No. of Shareholders	156,567	163,480	163,090	169,844	175,917	187,327	206,285	211,262	206,667	196,426	185,758	194,254	195,974	189,447	182,623	195,551	185,649	181,498	165,884

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	1019	1229	1114	1117	1025	1198	940	1022	1027	1236	1113	1264	1437	1486	1281	1327.06	1514	1418	1161	1235	1045
Sales Growth % (YoY)	-0.5%	2.6%	18.6%	9.3%	-0.2%	-3.1%	-15.6%	-19.2%	-28.5%	-16.8%	-13.1%	-4.7%	-5.1%	4.8%	10.4%	7.5%	44.9%	-3.7%	-2%	13.3%	36.9%
Sales Growth % (QoQ)	-17.1%	10.3%	-0.3%	9%	-14.4%	27.4%	-8%	-0.5%	-16.9%	11.1%	-11.9%	-12%	-3.3%	16%	-3.5%	-12.3%	6.8%	22.1%	-6%	18.2%	-
Expenses	864	1076	1035	1036	942	1200	1130	1185	1051	1199	1067	1260	1428	1533	1340.62	1403.28	1475	1355	1046	1093	881
Operating Profit	156	153	79	81	83	-2	-190	-163	-25	37	46	4	8	-47	-59.62	-76.22	40	63	115	142	165
OPM %	15	12	7	7	8	0	-20	-16	-2	3	4	0	1	-3	-4.65	-5.74	3	4	10	12	16
Other Income	-22	15	15	23	-115	110	396	-64	256	34	56	8	7	-106	311.26	10.64	10	7	7	7	3
Interest	26	23	24	25	27	38	73	73	82	64	59	60	58	50	61.63	69.51	61	49	51	51	47
Depreciation	72	76	75	74	74	75	55	55	56	57	57	55	54	55	55.38	55.22	54	56	56	58	56
Profit before tax	36	69	-5	4	-132	-5	77	-355	93	-49	-14	-103	-97	-258	134.63	-190.31	-64	-34	15	40	65
Tax %	25	13	-41	-101	-1	-486	-51	-5	23	2	-53	-17	-24	-5	17.39	-36.37	-230	-24	13	18	29
Net Profit	27	60	-3	9	-133	18	119	-339	58	-61	1	-80	-87	-229	132.8	-110.4	82	-10	20	34	44
Net Profit Growth % (QoQ)	-55%	2100%	-133.3%	106.8%	-838.9%	-84.9%	135.1%	-684.5%	195.1%	-6200%	101.2%	8%	62%	-272.4%	220.3%	-234.6%	920%	-150%	-41.2%	-22.7%	-
Net Profit Growth % (YoY)	120.3%	233.3%	-102.5%	102.7%	-329.3%	129.5%	11800%	-323.8%	166.7%	73.4%	-99.2%	27.5%	-206.1%	-2190%	564%	-424.7%	86.4%	-	-	-	-
TTM Net Profit	93	-67	-109	13	-335	-144	-223	-341	-82	-227	-395	-263.2	-293.6	-124.6	94.4	-18.4	126	88	98	78	0
EPS in Rs	0.87	1.92	-0.09	0.28	-4.29	0.47	3.95	-10.94	1.89	-1.95	0.02	-2.58	-2.82	-7.32	4.3	-3.65	2.58	-0.34	0.52	0.96	1.39

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	4485	4149	4998	5608	4858	4511	5186	5770	5267	5158	4879	5057	5082	5157
Sales Growth %	8.1%	-17%	-10.9%	15.4%	7.7%	-13%	-10.1%	9.6%	2.1%	5.7%	-3.5%	-0.5%	-1.4%	11.4%
Expenses	4088	4507	4912	5749	4373	3715	4588	5131	4548	4267	4006	4294	4458	4219
Operating Profit	397	-358	86	-141	486	796	599	639	720	891	873	763	624	937
OPM %	9	-9	2	-3	10	18	12	11	14	17	18	15	12	18
Other Income	-62	662	99	224	23	32	24	26	14	17	21	22	-135	23
Interest	99	266	240	242	198	271	343	350	365	380	440	478	411	369
Depreciation	299	239	220	219	226	247	256	265	279	276	291	303	320	324
Profit before tax	-63	-202	-275	-378	85	311	24	50	90	252	164	4	-241	267
Tax %	4	-29	-17	-55	23	33	-126	49	21	37	29	127	0	33
Net Profit	-67	-144	-227	-125	87	209	51	26	69	159	119	-1	-239	192
Net Profit Growth %	53.5%	36.6%	-81.6%	-243.7%	-58.4%	309.8%	96.2%	-62.3%	-56.6%	33.6%	12000%	99.6%	-224.5%	-
EPS in Rs	-2.17	-4.64	-7.34	-4.09	2.53	6.67	1.62	0.68	2.11	5.41	3.8	-0.11	-7.92	6.12
Dividend Payout %	0	0	0	0	40	15	37	118	38	19	26	0	0	33

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	-27	-256	344	-19	439	1046	387	377	556	765	964	645	516	732
Cash from Investing Activity	-103	2015	248	435	-250	-189	-282	-202	-306	-158	-220	-124	-184	-544
Cash from Financing Activity	40	-1738	-572	-397	-183	-860	-110	-180	-235	-605	-757	-520	-335	-190
Net Cash Flow	-89	20	19	19	6	-3	-6	-5	16	2	-14	1	-3	-2

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	310	310	310	310	310	310	310	310	310	310	308	308	308	307	307	307
Reserves	9814	9763	9884	4953	5265	5466	5637	5388	5188	4936	4961	4867	4742	3073	3364	3684
Borrowings	1305	1340	1165	2137	2633	2945	3091	3052	3593	3356	3197	3100	3296	3502	3498	3316
Other Liabilities	1974	2250	2471	2279	2493	2746	3005	2340	2579	2696	2479	2674	2345	1805	1962	1916
Total Liabilities	13403	13663	13830	9679	10701	11467	12043	11090	11670	11297	10946	10950	10692	8687	9132	9223
Fixed Assets	11187	11307	11638	6498	6874	6803	7101	7065	7206	7072	7146	7260	7488	4599	5210	5199
CWIP	344	214	177	178	190	313	386	300	235	196	176	134	99	98	112	356
Investments	83	118	120	297	319	334	408	381	382	371	358	358	357	440	442	446
Other Assets	1788	2024	1895	2707	3318	4016	4147	3344	3847	3659	3265	3198	2748	3550	3368	3221
Total Assets	13403	13663	13830	9679	10701	11467	12043	11090	11670	11297	10946	10950	10692	8687	9132	9223

Delivery

#	Date	366 14% 416	Value (Cr)	Q/T 62	Del 55	Del 31
1	22-Jul	410	32	35	27	8
2	21-Jul	405	46	43	25	11
3	20-Jul	392	61	48	24	15
4	17-Jul	410	48	42	26	12
5	16-Jul	398	26	31	50	13
6	15-Jul	389	16	25	40	6
7	14-Jul	377	3	19	42	1
8	13-Jul	382	4	14	48	2
9	10-Jul	380	5	20	51	2
10	9-Jul	372	4	18	43	2
11	8-Jul	371	5	22	43	2
12	7-Jul	380	16	37	81	13
13	6-Jul	381	4	19	47	2
14	3-Jul	385	10	13	40	4
15	2-Jul	383	10	15	51	5
16	1-Jul	375	6	19	42	2
17	30-Jun	377	4	18	52	2
18	29-Jun	378	4	16	43	2
19	25-Jun	384	68	111	89	60
20	24-Jun	382	7	15	42	3
21	23-Jun	380	5	21	41	2
22	22-Jun	378	3	22	39	1
23	19-Jun	375	8	27	55	4
24	18-Jun	384	7	18	39	3
25	17-Jun	386	6	28	53	3
26	16-Jun	393	3	15	40	1
27	15-Jun	394	4	20	42	2
28	12-Jun	393	6	25	40	3
29	11-Jun	385	16	30	21	3
30	10-Jun	376	4	20	42	2
31	9-Jun	378	4	19	36	1
32	8-Jun	372	4	21	43	2
33	5-Jun	381	5	16	45	2
34	4-Jun	380	3	14	42	1
35	3-Jun	383	6	14	37	2
36	2-Jun	384	5	16	47	3
37	1-Jun	386	6	14	39	2
38	29-May	382	20	46	61	12
39	27-May	401	4	19	48	2
40	26-May	405	5	18	42	2
41	25-May	404	6	23	35	2
42	22-May	401	10	18	29	3
43	21-May	403	5	18	35	2
44	20-May	400	8	13	37	3
45	19-May	407	6	18	42	2
46	18-May	404	7	20	25	2
47	15-May	400	7	19	40	3
48	14-May	394	5	13	30	2

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	12,593c	17c	0.14
22-Jul	12,610c	163c	1.31
21-Jul	12,447c	290c	2.27
17-Jul	12,737c	550c	4.51
16-Jul	12,187c	161c	1.34
15-Jul	12,026c	373c	3.20
14-Jul	11,652c	170c	1.44
13-Jul	11,823c	71c	0.61
10-Jul	11,751c	189c	1.63
09-Jul	11,562c	87c	0.74
08-Jul	11,649c	177c	1.49
07-Jul	11,826c	11c	0.09
06-Jul	11,815c	39c	0.33
02-Jul	11,776c	155c	1.33
30-Jun	11,621c	124c	1.06
29-Jun	11,745c	155c	1.30
26-Jun	11,900c	47c	0.39
25-Jun	11,947c	132c	1.11
24-Jun	11,815c	5c	0.04
23-Jun	11,810c	127c	1.09
22-Jun	11,683c	65c	0.56
19-Jun	11,618c	239c	2.01
18-Jun	11,857c	90c	0.75
17-Jun	11,947c	219c	1.80
16-Jun	12,165c	29c	0.24
15-Jun	12,195c	28c	0.23
12-Jun	12,167c	321c	2.71
11-Jun	11,846c	212c	1.82
10-Jun	11,634c	0	0

Stock Checklist

Price is below from 52 week high low average: 2%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: NO

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 118 fund scheme(s) across 23 fund house(s) as of Jul26 · Total value ₹29,334 Cr · 30 increasing / 19 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Kotak Mahindra Mutual Fund	12	82.61%	+79.47%	27824.7
SBI Mutual Fund	8	6.06%	-	582.5
Franklin Templeton Mutual Fund	2	1.13%	+0.46%	324
Baroda BNP Paribas Mutual Fund	22	1.56%	-	278.2
JM Financial Mutual Fund	12	2.81%	-0.08%	140
ITI Mutual Fund	4	0.91%	+0.02%	67.1
Zerodha Mutual Fund	3	97.42%	-2.00%	58.4
Nippon India Mutual Fund	4	0.25%	+0.05%	17.7
Bank of India Mutual Fund	2	0.29%	-	12.8
Samco Mutual Fund	6	0.65%	-0.26%	10.3
Motilal Oswal Mutual Fund	6	0.11%	+0.05%	7.4
HDFC Mutual Fund	6	0.10%	+0.03%	4.1
ICICI Prudential Mutual Fund	4	0.14%	+0.04%	3.6
Jio BlackRock Mutual Fund	1	0.26%	-	0.9
Groww Mutual Fund	4	0.15%	+0.05%	0.8
Edelweiss Mutual Fund	2	0.22%	+0.04%	0.8
Bandhan Mutual Fund	4	0.15%	+0.06%	0.4
UTI Mutual Fund	2	0.09%	-	0.1
Axis Mutual Fund	2	0.02%	+0.01%	0.1
Navi Mutual Fund	4	0.08%	+0.02%	0.1
DSP Mutual Fund	4	0.12%	+0.04%	0
Angel One Mutual Fund	2	0.02%	+0.01%	0
Mirae Asset Mutual Fund	2	0.02%	+0.01%	0

The India Cements Limited

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