- Total income
- ₹5,210 Cr
- Profit
- ₹-144 Cr

India Cements
About India Cements
India Cements is a publicly listed company based in Chennai (India) founded in 1946, and was acquired by UltraTech Cement in December 2024. Cement and ready-mix concrete are manufactured for construction needs. The company has 2,880 employees. Its website indiacements.co.in draws about 15 thousand monthly visits. India Cements offers products and services including Cement and Ready Mix Concrete. Its focus areas include Real Estate and Construction, Building Materials, Construction Materials and Cement. Its legal entity is India Cements Ltd. Its competitors include Dalmia Bharat, Ambuja Cements and JSW Cement; 2 of its 3 listed competitors have raised funding.
Company details
India Cements was established in 1946 as a key player in the building materials sector. Operations are centered in Chennai, India, with production facilities focused on cement and ready-mix concrete. These products are supplied to support infrastructure and construction projects across the country. The company maintains a domain at indiacements.co.in for business inquiries and resources. Activities emphasize standard manufacturing processes in the cement industry.
India Cements is ranked #450 on the Fortune India 500 (2025).
Recognitions & Rankings of India Cements
- Valuation
- ₹10,720 Cr
- Headquarters Chennai, India
- Employees 2,880
- Stage Acquired
- SectorsReal Estate & Construction
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website indiacements.co.in
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by UltraTech Cement (Dec 2024)
- Legal Name India Cements Ltd.
- Market Cap₹9,305 Cr
INDIACEM · NSE
- Share Price₹312.10
+3.95% today
- Revenue₹4,485 Cr
FY 2025-26 · +8.3% YoY
- EBITDA₹246 Cr
Margin 5.5%
- Net Profit₹37.73 Cr
FY 2025-26 · +104.5% YoY
- P/E (TTM)59.0x
P/B 1.9x
- ROE0.8%
ROCE 2.3%
- Debt / Equity0.25
Interest cover -186.2x
- InvestorsNomura
& 2 more
- Employee Count2,880
- Acquired byUltraTech Cement
(Dec 2024)
Associated legal entities of India Cements
India Cements is associated with 4 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| India Cements Infrastructures Limited CIN U74999TN2013PLC089487 | Active | 31 Jan 2013 | Chennai, Tamil Nadu | ₹0.3 Cr | 2 | 3 | View details |
| Coromandel Electric Company Limited CIN U45207TN1997PLC038219 | Active | 19 May 1997 | Chennai, Tamil Nadu | ₹93.6 Cr | 61 | 7 | View details |
| The India Cements Limited Listed CIN L26942TN1946PLC000931 | Active | 21 Feb 1946 | Chennai, Tamil Nadu | ₹4,572 Cr | 1,727 | 11 | View details |
| India Cements Capital Limited Listed CIN L65191TN1985PLC012362 | Active | 08 Nov 1985 | Chennai, Tamil Nadu | ₹49.0 Cr | 66 | 6 | View details |
Products & Services of India Cements
India Cements offers a comprehensive portfolio of products and services, including Cement and Ready Mix Concrete.
Manufactured product for construction and infrastructure
Pre-mixed concrete for immediate building applications
Apps and channels of India Cements
its YouTube channel India Cements has 4.75K subscribers and 30 videos.
Videos from India Cements
The most watched videos on India Cements's YouTube channel, India Cements (4.75K subscribers). Click a video to play it here.
More on India Cements.
Funding Insights of India Cements
- Total Rounds 2
- First Round $150M
(Dec 2007)
- Investors Count 3
All 2 funding rounds of India Cements with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2024 | Post-IPO | β | β | ||
| Dec 2007 | $150M | Post-IPO | β | β |
3 investors in total: 3 institutional.
Investors in India Cements
India Cements has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Nomura, UltraTech Cement and Aquarius Investment Advisors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Grey cement, ready-mix concrete, and white cement are manufactured. | 1983 | ultratechcement.com | Mumbai, India | |
Diversified asset management services are offered globally by the firm. | 1925 | nomura.com | Chuo City, Japan | |
Diversified investment management services are provided to clients worldwide. | 1995 | aquarius.com.sg | Singapore, Singapore |
Investor details for India Cements
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of India Cements
The boards of the 4 registered companies of India Cements currently have 19 directors; the longest-serving is Narayanaswamy Srinivasan, appointed in 2003. 93 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Narayanaswamy Srinivasan DIN 00116726 | Director | 24 Jul 2003 | 23 yrs 3 mo | Coromandel Electric Company Limited |
| Subramanian Palaniappan DIN 00549992 | Director | 05 May 2005 | 21 yrs 5 mo | Coromandel Electric Company Limited |
| Rupa Gurunath DIN 01711965 | Director | 31 Mar 2008 | 18 yrs 6 mo | Coromandel Electric Company Limited |
| Manickam Vengaiyagounder DIN 00179715 | Director | 11 Feb 2015 | 11 yrs 8 mo | India Cements Capital Limited |
| Veppur Margabandhu Mohan DIN 00921760 | Director | 11 Feb 2015 | 11 yrs 8 mo | India Cements Capital Limited |
| Rakesh Singh DIN 07563110 | Director | 09 Aug 2016 | 10 yrs 2 mo | Coromandel Electric Company Limited |
| Krishnan Skandan DIN 01945013 | Director | 27 Jan 2021 | 5 yrs 9 mo | The India Cements Limited |
| Karuppannan Palaniappan Salem DIN 09586852 | Director | 27 Apr 2022 | 4 yrs 6 mo | Coromandel Electric Company Limited |
| Viswanatha Gowd Yerur DIN 09048488 | Nominee Director | 07 Aug 2023 | 3 yrs 2 mo | The India Cements Limited |
| Sandhya Rajan DIN 08195886 | Director | 22 Feb 2024 | 2 yrs 8 mo | Coromandel Electric Company Limited, India Cements Capital Limited |
| Lakshmiaparna Sreekumar DIN 08196552 | Director | 22 Feb 2024 | 2 yrs 8 mo | Coromandel Electric Company Limited, India Cements Capital Limited |
| Raj Narayanan Eachambadi Raghavan DIN 00469886 | Director | 25 Dec 2024 | 1 yr 10 mo | India Cements Infrastructures Limited, The India Cements Limited |
| Niraj Maheshwari DIN 00535743 | Director | 25 Dec 2024 | 1 yr 10 mo | India Cements Infrastructures Limited |
| Mukesh B Agarwal DIN 03416254 | Director | 25 Dec 2024 | 1 yr 10 mo | India Cements Infrastructures Limited |
| Vivek Agrawal DIN 10599212 | Director | 25 Dec 2024 | 1 yr 10 mo | The India Cements Limited |
| Alka Marezban Bharucha DIN 00114067 | Director | 25 Dec 2024 | 1 yr 10 mo | The India Cements Limited |
| Kailash Chandra Jhanwar DIN 01743559 | Director | 25 Dec 2024 | 1 yr 10 mo | The India Cements Limited |
| Sukanya Kripalu DIN 06994202 | Director | 25 Dec 2024 | 1 yr 10 mo | The India Cements Limited |
| Vikas Balia DIN 00424524 | Director | 25 Dec 2024 | 1 yr 10 mo | The India Cements Limited |
People of India Cements
20 people are tracked at India Cements (1 in leadership, 7 in board & advisors, 12 in team); the tracked headcount is 2,880.
| Name | Role | Group |
|---|---|---|
N. Srinivasan | Vice Chairman & Managing Director | Leadership |
| Director | Board & advisors | |
Chitra Srinivasan | Director | Board & advisors |
Balasubramanian Adityan | Director | Board & advisors |
| Director | Board & advisors | |
| Director | Board & advisors | |
Sanjay Shantilal Patel | Director | Board & advisors |
S. Christopher Jebakumar | Director | Board & advisors |
Istyak Ahmed | Senior Mechanical Engineer | Team |
Venkata Surya Sai Praneeth Ch | Graduate Engineering Trainee | Team |
Jitendra Upadhyay | Deputy Manager Power Plant | Team |
Bharath Reddy Annavaram | Electrical Manager | Team |
Srinivasa Reddy Velagala | Assistant Manager Instrumentation | Team |
Rijo Cherian | Area Relationship Manager | Team |
Aniket Patil | Area Technical Engineer | Team |
Prakhar Mathur | Graduate Engineering Trainee | Team |
Salipalli Ananda Rao | Sr.manager Process India Cement LTD | Team |
Gayathri Baskar Raman | Talent Acquisition Manager | Team |
Sudhakar Katamoni | Manager Powerplant | Team |
G.p Singh'Lucky' | C.f.a. | Team |
Complete people profiles for India Cements
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of India Cements
India Cements is a publicly listed company on the NSE with ticker symbol INDIACEM in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date31 May 2000
- Listed onNSE: INDIACEM
- Listed entityIndia Cements Ltd.
- Exchange sectorNon-energy minerals
- ISININE383A01012
- Share price₹295.65 (-1.25% on the day) · 2026-10-14
- Market capitalisation₹9,272 Cr
- Price to earnings99.1
- EPS (diluted, trailing year)₹2.98
- Volume (last session)104,272
Financials of India Cements
Exchange-reported figures of The India Cements Limited, the listed company behind India Cements (NSE: INDIACEM).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,485 | 4,141 | 4,998 | 5,608 | 4,858 | 4,511 | 5,186 |
| Revenue growth | +8.3% | -17.2% | -10.9% | +15.4% | +7.7% | -13.0% | - |
| EBITDA | 246 | (774) | 62.45 | (143) | 484 | 788 | 581 |
| EBITDA margin | +5.5% | -18.7% | +1.3% | -2.6% | +10.0% | +17.5% | +11.2% |
| Profit before tax | (65.01) | (202) | (275) | (378) | 85.46 | 311 | 23.60 |
| Net profit | 37.73 | (833) | (274) | (322) | 78.40 | 212 | 60.07 |
| Net profit margin | +0.8% | -20.1% | -5.5% | -5.7% | +1.6% | +4.7% | +1.2% |
| EPS (βΉ) | (2.17) | (4.64) | (7.34) | (4.09) | 2.53 | 6.67 | 1.62 |
| Balance sheet | |||||||
| Total assets | 11,562 | 11,527 | 8,871 | 9,496 | 9,930 | 9,083 | 9,381 |
| Net worth | 10,124 | 10,194 | 5,575 | 5,776 | 5,947 | 5,709 | 5,508 |
| Total debt | 1,305 | 1,165 | 2,633 | 2,945 | 3,091 | 3,041 | 3,582 |
| Cash & bank | 60.60 | 123 | 84.22 | 64.87 | 46.30 | 40.14 | 43.16 |
| Net working capital | 207 | (141) | 1,140 | 1,735 | 955 | 385 | 685 |
| Cash flow | |||||||
| Cash from operations | (26.73) | (256) | 344 | (19.46) | 439 | 1,046 | 387 |
| Cash from investing | (103) | 2,014 | 248 | 435 | (250) | (189) | (282) |
| Cash from financing | 40.32 | (1,738) | (572) | (397) | (183) | (860) | (110) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,142 | 1,019 | 1,229 | 1,114 | 1,117 | 1,025 | 1,198 | 940 |
| Revenue growth (YoY) | +2.2% | -0.5% | +2.6% | +18.6% | +9.3% | -0.2% | - | - |
| Other income | 3.67 | 3.45 | 25.85 | 23.70 | 29.00 | 9.11 | 116 | 413 |
| EBITDA | 144 | 130 | 142 | 70.59 | 75.13 | (40.59) | (7.55) | (207) |
| EBITDA margin | +12.6% | +12.8% | +11.6% | +6.3% | +6.7% | -4.0% | -0.6% | -22.0% |
| Depreciation | 71.64 | 71.94 | 75.86 | 74.73 | 74.47 | 74.06 | 74.85 | 55.25 |
| Interest | 24.06 | 26.15 | 23.38 | 24.10 | 25.27 | 26.58 | 38.06 | 73.38 |
| Profit before tax | 52.28 | 35.80 | 68.77 | (4.54) | 4.39 | (132) | (4.95) | 77.05 |
| Tax | 13.46 | 8.95 | 9.27 | (1.87) | (4.42) | (0.75) | (24.08) | (39.47) |
| Net profit | 38.82 | 26.85 | 59.50 | (2.67) | 8.81 | (131) | 19.13 | 117 |
| EPS (βΉ) | 1.25 | 0.87 | 1.92 | (0.09) | 0.28 | (4.29) | 0.51 | 4.02 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,485 | 4,080 | 4,942 | 5,381 | 4,713 | 4,437 | 5,058 |
| Revenue growth | +9.9% | -17.4% | -8.2% | +14.2% | +6.2% | -12.3% | - |
| EBITDA | 370 | (803) | 90.28 | (174) | 461 | 806 | 485 |
| EBITDA margin | +8.2% | -19.7% | +1.8% | -3.2% | +9.8% | +18.2% | +9.6% |
| Profit before tax | 67.55 | (782) | (255) | (407) | 54.03 | 323 | (68.42) |
| Net profit | 51.08 | (691) | (249) | (373) | 38.95 | 222 | 60.85 |
| Net profit margin | +1.1% | -16.9% | -5.0% | -6.9% | +0.8% | +5.0% | +1.2% |
| EPS (βΉ) | 2.11 | (21.16) | (6.53) | (6.08) | 1.26 | 7.16 | (1.15) |
| Balance sheet | |||||||
| Total assets | 11,465 | 11,298 | 8,659 | 9,246 | 9,702 | 8,892 | 9,182 |
| Net worth | 10,027 | 9,967 | 5,399 | 5,599 | 5,818 | 5,618 | 5,415 |
| Total debt | 1,305 | 1,165 | 2,622 | 2,924 | 3,068 | 3,006 | 3,533 |
| Cash & bank | 32.55 | 94.38 | 13.56 | 15.72 | 1.82 | 6.76 | 6.63 |
| Net working capital | 178 | (165) | 1,070 | 1,539 | 777 | 220 | 495 |
| Cash flow | |||||||
| Cash from operations | (32.95) | 327 | 310 | (10.62) | 418 | 1,036 | 414 |
| Cash from investing | (68.50) | 1,471 | 246 | 429 | (254) | (196) | (340) |
| Cash from financing | 40.32 | (1,724) | (558) | (405) | (168) | (840) | (73.77) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,142 | 1,019 | 1,229 | 1,114 | 1,117 | 1,025 | 1,198 | 902 |
| Revenue growth (YoY) | +2.2% | -0.5% | +2.6% | +23.5% | +11.0% | +5.5% | - | - |
| Other income | 3.42 | 3.20 | 30.15 | 28.37 | 28.99 | 8.77 | 25.40 | 10.62 |
| Total expenses | 997 | 889 | 1,094 | 1,043 | 1,036 | 943 | 1,199 | 1,281 |
| EBITDA | 145 | 130 | 135 | 71.71 | 81.23 | 81.86 | (1.64) | (379) |
| EBITDA margin | +12.7% | +12.8% | +11.0% | +6.4% | +7.3% | +8.0% | -0.1% | -42.0% |
| Depreciation | 71.64 | 71.94 | 75.86 | 74.73 | 74.47 | 74.06 | 74.86 | 55.24 |
| Interest | 24.06 | 26.15 | 23.37 | 24.11 | 25.27 | 26.58 | 38.12 | 73.77 |
| Profit before tax | 52.31 | 35.57 | 65.86 | 1.24 | 10.48 | (10.01) | (89.22) | (497) |
| Tax | 13.46 | 8.95 | 11.11 | (1.93) | (4.45) | (2.48) | (25.47) | (87.68) |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,142 | 1,019 | 1,229 | 1,114 | 1,117 | 1,025 | 1,198 | 940 |
| Revenue growth (YoY) | +2.2% | -0.5% | +2.6% | +18.6% | +9.3% | -0.2% | - | - |
| Other income | 3.67 | 3.45 | 25.85 | 23.70 | 29.00 | 9.11 | 116 | 413 |
| EBITDA | 144 | 130 | 142 | 70.59 | 75.13 | (40.59) | (7.55) | (207) |
| EBITDA margin | +12.6% | +12.8% | +11.6% | +6.3% | +6.7% | -4.0% | -0.6% | -22.0% |
| Depreciation | 71.64 | 71.94 | 75.86 | 74.73 | 74.47 | 74.06 | 74.85 | 55.25 |
| Interest | 24.06 | 26.15 | 23.38 | 24.10 | 25.27 | 26.58 | 38.06 | 73.38 |
| Profit before tax | 52.28 | 35.80 | 68.77 | (4.54) | 4.39 | (132) | (4.95) | 77.05 |
| Tax | 13.46 | 8.95 | 9.27 | (1.87) | (4.42) | (0.75) | (24.08) | (39.47) |
| Net profit | 38.82 | 26.85 | 59.50 | (2.67) | 8.81 | (131) | 19.13 | 117 |
| EPS (βΉ) | 1.25 | 0.87 | 1.92 | (0.09) | 0.28 | (4.29) | 0.51 | 4.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,485 | 4,141 | 4,998 | 5,608 | 4,858 | 4,511 | 5,186 |
| Revenue growth | +8.3% | -17.2% | -10.9% | +15.4% | +7.7% | -13.0% | - |
| Other income | 87.66 | 1,077 | 123 | 226 | 24.39 | 40.45 | 41.67 |
| Total expenses | 4,239 | 4,914 | 4,935 | 5,751 | 4,374 | 3,723 | 4,605 |
| Employee cost | 243 | 304 | 372 | 362 | 334 | 323 | 353 |
| EBITDA | 246 | (774) | 62.45 | (143) | 484 | 788 | 581 |
| EBITDA margin | +5.5% | -18.7% | +1.3% | -2.6% | +10.0% | +17.5% | +11.2% |
| Depreciation | 299 | 239 | 220 | 219 | 226 | 247 | 256 |
| Interest | 99.33 | 266 | 240 | 242 | 198 | 271 | 343 |
| Profit before tax | (65.01) | (202) | (275) | (378) | 85.46 | 311 | 23.60 |
| Tax | 2.24 | (58.49) | (47.82) | (208) | 19.49 | 102 | (29.86) |
| Net profit | 37.73 | (833) | (274) | (322) | 78.40 | 212 | 60.07 |
| Net profit margin | +0.8% | -20.1% | -5.5% | -5.7% | +1.6% | +4.7% | +1.2% |
| EPS (βΉ) | (2.17) | (4.64) | (7.34) | (4.09) | 2.53 | 6.67 | 1.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 310 | 310 | 310 | 310 | 310 | 321 | 320 |
| Reserves & surplus | 9,814 | 9,884 | 5,265 | 5,456 | 5,599 | 5,350 | 5,150 |
| Shareholders' funds (net worth) | 10,124 | 10,194 | 5,575 | 5,776 | 5,947 | 5,709 | 5,508 |
| Minority interest | 0.00 | 2.07 | 24.58 | 50.45 | 76.35 | 65.61 | 56.23 |
| Secured loans | 1,125 | 1,071 | 2,302 | 2,641 | 2,926 | 2,862 | 3,259 |
| Unsecured loans | 179 | 94.00 | 330 | 305 | 164 | 180 | 323 |
| Total debt | 1,305 | 1,165 | 2,633 | 2,945 | 3,091 | 3,041 | 3,582 |
| Total liabilities | 11,562 | 11,527 | 8,871 | 9,496 | 9,930 | 9,083 | 9,381 |
| Assets | |||||||
| Gross block | 13,666 | 13,829 | 9,021 | 8,796 | 8,884 | 8,626 | 8,522 |
| Net block | 11,187 | 11,638 | 6,874 | 6,803 | 7,101 | 7,065 | 7,206 |
| Capital work in progress | 344 | 177 | 190 | 313 | 386 | 300 | 235 |
| Investments | 83.31 | 120 | 319 | 334 | 408 | 381 | 382 |
| Inventories | 734 | 556 | 631 | 785 | 844 | 597 | 842 |
| Sundry debtors | 248 | 706 | 699 | 825 | 931 | 564 | 736 |
| Cash & bank balances | 60.60 | 123 | 84.22 | 64.87 | 46.30 | 40.14 | 43.16 |
| Loans & advances | 411 | 231 | 1,324 | 1,749 | 716 | 635 | 760 |
| Total current assets | 1,455 | 1,617 | 2,739 | 3,423 | 2,538 | 1,837 | 2,381 |
| Total current liabilities | 1,247 | 1,757 | 1,599 | 1,688 | 1,582 | 1,452 | 1,696 |
| Net working capital | 207 | (141) | 1,140 | 1,735 | 955 | 385 | 685 |
| Total assets | 11,562 | 11,527 | 8,871 | 9,496 | 9,930 | 9,083 | 9,381 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 103 | 84.22 | 64.87 | 46.30 | 40.14 | 43.16 | 48.72 |
| Net cash from operating activities | (26.73) | (256) | 344 | (19.46) | 439 | 1,046 | 387 |
| Net cash from investing activities | (103) | 2,014 | 248 | 435 | (250) | (189) | (282) |
| Net cash from financing activities | 40.32 | (1,738) | (572) | (397) | (183) | (860) | (110) |
| Net change in cash | (89.35) | 18.89 | 19.35 | 18.57 | 6.16 | (3.02) | (5.56) |
| Closing cash | 60.60 | 123 | 84.22 | 64.87 | 46.30 | 40.14 | 43.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +8.3% | -17.2% | -10.9% | +15.4% | +7.7% | -13.0% | - |
| EBITDA growth | +131.8% | -1338.6% | +143.7% | -129.6% | -38.5% | +35.6% | - |
| PBT growth | +67.8% | +26.4% | +27.3% | - | -72.5% | +1216.4% | -52.6% |
| Net income growth | +104.5% | -204.1% | +14.9% | -510.5% | -63.0% | +252.2% | - |
| Revenue CAGR (3Y) | -7.2% | -5.2% | +3.5% | +2.6% | -5.6% | -5.0% | +0.2% |
| EBITDA CAGR (3Y) | - | - | -57.0% | - | -8.2% | +3.6% | -13.2% |
| Profitability & leverage | |||||||
| Net income margin | -1.5% | -3.5% | -4.5% | -3.0% | +1.4% | +4.6% | +1.0% |
| Return on capital employed | +2.3% | -7.3% | -1.0% | -3.6% | +3.1% | +6.4% | +4.2% |
| Return on net worth | +0.8% | -16.6% | -5.2% | -6.7% | +1.2% | +3.8% | +1.2% |
| Debt / equity | 0.25 | 0.38 | 0.53 | 0.56 | 0.56 | 0.60 | 0.64 |
| Long-term debt / equity | 0.21 | 0.25 | 0.31 | 0.35 | 0.36 | 0.40 | 0.46 |
| Interest cover | -186.22 | -26.26 | -152.55 | -66.70 | 76.40 | 50.07 | 105.56 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.53 | 0.48 | 0.59 | 0.67 | 0.58 | 0.53 | 0.62 |
| Inventory turnover | 6.95 | 6.98 | 7.06 | 6.89 | 6.74 | 6.27 | 6.14 |
| Debtors turnover | 9.40 | 5.89 | 6.56 | 6.39 | 6.50 | 6.94 | 7.00 |
| EPS (βΉ) | (2.17) | (4.64) | (7.34) | (4.09) | 2.53 | 6.67 | 1.62 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.60 |
| Book value per share (βΉ) | 155.23 | 157.95 | 165.97 | 171.90 | 176.38 | 174.57 | 176.19 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,142 | 1,019 | 1,229 | 1,114 | 1,117 | 1,025 | 1,198 | 902 |
| Revenue growth (YoY) | +2.2% | -0.5% | +2.6% | +23.5% | +11.0% | +5.5% | - | - |
| Other income | 3.42 | 3.20 | 30.15 | 28.37 | 28.99 | 8.77 | 25.40 | 10.62 |
| Total expenses | 997 | 889 | 1,094 | 1,043 | 1,036 | 943 | 1,199 | 1,281 |
| EBITDA | 145 | 130 | 135 | 71.71 | 81.23 | 81.86 | (1.64) | (379) |
| EBITDA margin | +12.7% | +12.8% | +11.0% | +6.4% | +7.3% | +8.0% | -0.1% | -42.0% |
| Depreciation | 71.64 | 71.94 | 75.86 | 74.73 | 74.47 | 74.06 | 74.86 | 55.24 |
| Interest | 24.06 | 26.15 | 23.37 | 24.11 | 25.27 | 26.58 | 38.12 | 73.77 |
| Profit before tax | 52.31 | 35.57 | 65.86 | 1.24 | 10.48 | (10.01) | (89.22) | (497) |
| Tax | 13.46 | 8.95 | 11.11 | (1.93) | (4.45) | (2.48) | (25.47) | (87.68) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,485 | 4,080 | 4,942 | 5,381 | 4,713 | 4,437 | 5,058 |
| Revenue growth | +9.9% | -17.4% | -8.2% | +14.2% | +6.2% | -12.3% | - |
| Other income | 96.28 | 527 | 115 | 215 | 16.72 | 23.45 | 27.73 |
| Total expenses | 4,115 | 4,884 | 4,852 | 5,555 | 4,252 | 3,631 | 4,572 |
| Employee cost | 242 | 303 | 371 | 355 | 326 | 316 | 344 |
| EBITDA | 370 | (803) | 90.28 | (174) | 461 | 806 | 485 |
| EBITDA margin | +8.2% | -19.7% | +1.8% | -3.2% | +9.8% | +18.2% | +9.6% |
| Depreciation | 299 | 239 | 220 | 213 | 220 | 242 | 247 |
| Interest | 99.33 | 267 | 240 | 234 | 204 | 265 | 334 |
| Profit before tax | 67.55 | (782) | (255) | (407) | 54.03 | 323 | (68.42) |
| Tax | 2.25 | (127) | (52.15) | (218) | 15.05 | 101 | (32.90) |
| Net profit | 51.08 | (691) | (249) | (373) | 38.95 | 222 | 60.85 |
| Net profit margin | +1.1% | -16.9% | -5.0% | -6.9% | +0.8% | +5.0% | +1.2% |
| EPS (βΉ) | 2.11 | (21.16) | (6.53) | (6.08) | 1.26 | 7.16 | (1.15) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 310 | 310 | 310 | 310 | 310 | 310 | 310 |
| Reserves & surplus | 9,717 | 9,657 | 5,089 | 5,289 | 5,508 | 5,308 | 5,105 |
| Shareholders' funds (net worth) | 10,027 | 9,967 | 5,399 | 5,599 | 5,818 | 5,618 | 5,415 |
| Secured loans | 1,125 | 1,071 | 2,292 | 2,620 | 2,904 | 2,827 | 3,216 |
| Unsecured loans | 179 | 94.00 | 330 | 305 | 164 | 179 | 317 |
| Total debt | 1,305 | 1,165 | 2,622 | 2,924 | 3,068 | 3,006 | 3,533 |
| Total liabilities | 11,465 | 11,298 | 8,659 | 9,246 | 9,702 | 8,892 | 9,182 |
| Assets | |||||||
| Gross block | 13,665 | 13,626 | 8,709 | 8,484 | 8,420 | 8,187 | 8,102 |
| Net block | 11,187 | 11,436 | 6,623 | 6,547 | 6,688 | 6,670 | 6,826 |
| Capital work in progress | 344 | 177 | 190 | 313 | 272 | 187 | 196 |
| Investments | 112 | 118 | 395 | 494 | 780 | 746 | 737 |
| Inventories | 734 | 556 | 622 | 775 | 834 | 584 | 826 |
| Sundry debtors | 248 | 706 | 693 | 814 | 921 | 541 | 716 |
| Cash & bank balances | 32.55 | 94.38 | 13.56 | 15.72 | 1.82 | 6.76 | 6.63 |
| Loans & advances | 410 | 222 | 1,295 | 1,590 | 573 | 517 | 626 |
| Total current assets | 1,425 | 1,579 | 2,624 | 3,195 | 2,330 | 1,649 | 2,175 |
| Total current liabilities | 1,247 | 1,744 | 1,554 | 1,656 | 1,554 | 1,429 | 1,680 |
| Net working capital | 178 | (165) | 1,070 | 1,539 | 777 | 220 | 495 |
| Total assets | 11,465 | 11,298 | 8,659 | 9,246 | 9,702 | 8,892 | 9,182 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 74.61 | 1.21 | 15.72 | 1.82 | 6.76 | 6.63 | 6.73 |
| Net cash from operating activities | (32.95) | 327 | 310 | (10.62) | 418 | 1,036 | 414 |
| Net cash from investing activities | (68.50) | 1,471 | 246 | 429 | (254) | (196) | (340) |
| Net cash from financing activities | 40.32 | (1,724) | (558) | (405) | (168) | (840) | (73.77) |
| Net change in cash | (61.13) | 73.40 | (2.15) | 13.90 | (4.94) | 0.13 | (0.10) |
| Closing cash | 32.55 | 94.38 | 13.56 | 15.72 | 1.82 | 6.76 | 6.63 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.9% | -17.4% | -8.2% | +14.2% | +6.2% | -12.3% | - |
| EBITDA growth | +146.0% | -989.6% | +151.8% | -137.8% | -42.8% | +66.2% | - |
| PBT growth | +9998.0% | -207.2% | +37.4% | - | -83.3% | +9998.0% | - |
| Net income growth | +107.4% | -177.5% | +33.2% | -1057.4% | -82.5% | +265.2% | - |
| Revenue CAGR (3Y) | -5.9% | -4.7% | +3.7% | +2.1% | -5.7% | -5.0% | -0.1% |
| EBITDA CAGR (3Y) | - | - | -51.8% | - | -10.3% | +5.2% | -17.4% |
| Profitability & leverage | |||||||
| Net income margin | +1.5% | -16.1% | -4.1% | -3.5% | +0.8% | +5.0% | -0.7% |
| Return on capital employed | +2.5% | -7.3% | -0.7% | -3.8% | +2.8% | +6.5% | +4.1% |
| Return on net worth | +1.1% | -13.6% | -4.7% | -6.5% | +0.7% | +4.0% | +1.1% |
| Debt / equity | 0.26 | 0.39 | 0.52 | 0.52 | 0.53 | 0.59 | 0.64 |
| Long-term debt / equity | 0.22 | 0.26 | 0.31 | 0.33 | 0.34 | 0.40 | 0.46 |
| Interest cover | 140.69 | -25.63 | -185.88 | -60.44 | 84.54 | 46.96 | 140.34 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.54 | 0.49 | 0.59 | 0.64 | 0.57 | 0.54 | 0.64 |
| Inventory turnover | 6.95 | 6.93 | 7.08 | 6.69 | 6.65 | 6.29 | 6.13 |
| Debtors turnover | 9.40 | 5.83 | 6.56 | 6.20 | 6.45 | 7.06 | 7.00 |
| EPS (βΉ) | 2.11 | (21.16) | (6.53) | (6.08) | 1.26 | 7.16 | (1.15) |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.60 |
| Book value per share (βΉ) | 152.09 | 150.15 | 160.45 | 180.67 | 187.74 | 181.28 | 174.73 |
Timeline of India Cements
5 dated milestones of India Cements across 78 years, from founding to its latest funding, stage changes and deals.
- Founded India Cements is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $150.0M.
- Funding Latest funding round, Post-IPO,.
- Exit Acquired by UltraTech Cement.
Competitors of India Cements
India Cements has 3 listed competitors in our database, 2 of them funded. They include Dalmia Bharat, Ambuja Cements and JSW Cement.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dalmiabharat.com | 1939 | Delhi, India | 39 | Cement and sugar are produced by Dalmia Bharat. | ||
| ambujacement.com | 1983 | Mumbai, India | $1.45M | 3,148 | Cement and building materials are manufactured by Ambuja Cements. | |
| jswcement.in | 2009 | Mumbai, India | $193.28M | 1,296 | Cement, aggregates, additives, and ready-mix concrete are manufactured. |
Detailed competitors of India Cements
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of India Cements
The website of India Cements (indiacements.co.in) receives about 14.6K visits a month.
- Monthly visits14.6K
▲ 147.4% vs previous month
Websites whose visitors overlap most with India Cements. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| dalmiacement.com | 100% | 28.8K | #965,028 | View details | |
| ultratechcement.com | 93% | 1.8M | #33,467 | View details | |
| acclimited.com | 90% | 4K | View details | ||
| ramcocements.in | 88% | 31.5K | #941,872 | View details | |
| zuaricements.com | 87% | 9.5K | #2,354,463 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 14 similar websites and full traffic analytics for India Cements
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 14 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Building Materials
3 companies that operate in the same segment as India Cements (Building Materials) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of cement, gypsum plaster, tile adhesives, and wood finishing products | 1975 | Kanpur, Uttar Pradesh, India | USD 1.44 B | 11,790 | ||
Industrial and decorative paints are manufactured along with related solutions. | 1942 | Mumbai, Maharashtra, India | USD 3.79 B | 33,600 | ||
Specializes in designing and manufacturing aesthetically pleasing bathroom solutions | 1960 | Gurugram, Haryana, India |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track β from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about India Cements
Complete news archive for India Cements
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about India Cements
India Cements was founded in 1946 and raised its 1st funding round 61 years after it was founded.
India Cements is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
India Cements has 2,880 employees.
Annual revenue of India Cements is $476.74M as on Mar 31, 2026.
India Cements was established in 1946 as a key player in the building materials sector. Operations are centered in Chennai, India, with production facilities focused on cement and ready-mix concrete. These products are supplied to support infrastructure and construction projects across the country. The company maintains a domain at indiacements.co.in for business inquiries and resources. Activities emphasize standard manufacturing processes in the cement industry.
India Cements's top competitors include JSW Cement, Dalmia Bharat and Ambuja Cements.
India Cements offers Cement and Ready Mix Concrete.
Yes, India Cements is publicly traded on NSE under the ticker symbol INDIACEM.
India Cements has 3 investors. Key investors include Nomura, UltraTech Cement, and Aquarius Investment Advisors.
India Cements is associated with 4 legal entities: Coromandel Electric Company Limited, India Cements Capital Limited, India Cements Infrastructures Limited and others.
Yes. India Cements was acquired by UltraTech Cement in December 2024.
The legal entities of India Cements currently have 25 directors, including Subramanian Palaniappan, Sandhya Rajan, Rakesh Singh and others.
