India Cements Ltd

India Cements Ltd Performance

₹174.65
Day's Price Range
₹180.7
₹145.45
52-Week Price Range
₹298.95
1 Month Return-4.82 %
3 Month Return-13.74 %
1 Year Return-14.42 %

Analyst Rating

based on 7 analysts

SELL
0.00%
Buy
28.57%
Hold
71.43%
Sell

Based on 7 analysts offering long term price targets for India Cements Ltd. An average target of ₹150.71

Source: S&P Global Market Intelligence

Analyst Forecast

India Cements Ltd price forecast by 7 analysts

Downside of-16.18%

High

₹200

Target

₹150.71

Low

₹112

Current Price: ₹175.4

Target Price: ₹150.71

Source: S&P Global Market Intelligence

India Cements Ltd Valuation

India Cements Ltd in the last 5 years

Lowest (15.46x)

June 30, 2022

Today (18.67x)

March 23, 2023

Highest (513.00x)

June 30, 2020

LowHigh

18.67x

Price to Earnings TTM Ratio

Insights on India Cements Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up
    img

    Retail Investor have increased holdings from 48.23% to 48.62% in Dec 2022 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up
    img

    Mutual Funds have increased holdings from 4.81% to 5.21% in Dec 2022 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich
    img

    Revenue is up for the last 2 quarters, 1.33KCr → 1.59KCr (in ₹), with an average increase of 16.0% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike
    img

    Netprofit is up for the last 2 quarters, -113.26Cr → 133.29Cr (in ₹), with an average increase of 185.0% per quarter

  • imgNO EFFECT

    Against Peers
    img

    In the last 1 year, Ambuja Cements Ltd has given 25.3% return, outperforming this stock by 39.7%

  • imgNO EFFECT

    Against Peers
    img

    In the last 3 years, Grasim Industries Ltd has given 301.4% return, outperforming this stock by 197.2%

  • imgNO EFFECT

    Promoter Holding Unchanged
    img

    Promoters holdings remained unchanged at 28.41% of holdings in Dec 2022 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down
    img

    Foreign Institutions have decreased holdings from 13.85% to 13.06% in Dec 2022 quarter

  • imgNEGATIVE IMPACT

    Price Dip
    img

    In the last 6 months, INDIACEM stock has moved down by -29.0%

India Cements Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
28.41%
0.00
Foreign Institutions
13.06%
-5.67
Mutual Funds
5.21%
8.24
Retail Investors
48.62%
0.80
Others
4.7%
0.06

India Cements Ltd Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

QnA on India Cements Ltd

  • QuestionAsked on: 06 Oct, 2022

    Which cement stock forms a significant part of ace investor Radhakishan Damani's portfolio?

    QnA Result : 08 Oct, 2022User Profile Icon23189 people participated in the quiz

    India Cements, with a holding value of about Rs 1,650 crore, is among the largest positions in the ace investor's portfolio.

    44.89% of INDmoney users answered correctly

    Ultratech Cement
    29.22%
    Ambuja Cements
    25.89%
    India Cements
    44.89%blue tick

Corporate Announcements

  • India Cements Ltd Earnings Results

    India Cements Ltd’s net profit jumped 720.75% since last year same period to ₹133.29Cr in the Q3 2022-2023. On a quarterly growth basis, India Cements Ltd has generated 217.68% jump in its net profits since last 3-months.

    Read More
  • India Cements Ltd Dividends May,2022

    In the quarter ending June 2022, India Cements Ltd has declared dividend of ₹1 - translating a dividend yield of 0.56%.

    Read More

India Cements Ltd Company Information

India Cements Ltd is the largest producer of cement in South India. The company has four plants in Tamil Nadu and four in Andhra Pradesh India which cater to all major markets in South India and Maharashtra. They are the market leader with a market share of 28 in the South India. They have a distribution network with over 10000 stockists. Their brands include Coromandel KingSankar Sakthi Raasi Gold CoromandelSankarRaasi blended cements and Sulphate Resisting Portland Cement. Their product includes ready mix concrete RMC. The company subsidiaries include Industrial Chemicals and Monomers Ltd ICL Financial Services Ltd ICL Securities Ltd ICL International Ltd and Trinetra Cement Ltd.India Cements Ltd was incorporated in the year February 21st 1946. In the year 1949 the company commissioned their first Cement plant at Sankarnagar with the installed capacity 1 lakh tonnes per annum. In the year 1963 they commissioned their second cement plant at Sankaridrug with the installed capacity 2lakh tonnes per annum. In the year 1969 they expanded the installed capacity at Sankarnagar to 9 lakh tonnes per annum. Also they received Merit Certification for Outstanding Export Performance 19681969. In the year 1971 the company expanded the installed capacity at Sankari Drug to 6 lakh tonnes per annum.In the year 1990 the company acquired Coromandel Cement plant at Cuddapah. They converted the Sankarnagar Plant to Dry Process with the increased capacity of 1 million tonnes per annum. In the year 1991 they ventured into shipping and set up a shipping division. In the year 1994 they received ISO 9002 certification for Sankarnagar plant. In the year 1996 the company commenced commercial production at their green field cement plant at Dalavoi. In the year 1997 they acquired Aruna Sugars Finance Ltd and renamed it as India Cements Capital Finance Ltd. also they acquired Cement Plant of Visaka Cement Industry Ltd at Tandur Ranga Reddy district of Andhra Pradesh. In the year 1998 the company acquired Cement Corporation of Indias Yerraguntla Cement Plant at Andhra Pradesh. Also they acquired Raasi Cement Ltd. at Nalgonda District of Andhra Pradesh. In the year 1999 the company acquired Cement Plant of Shri Vishnu Cement Ltd. at Nalgonda District of Andhra Pradesh. In the year 2001 they divested their stake in Sri Vishnu Cement Ltd.In November 2004 the company commissioned the Unique Waste Heat Recovery System for generation of power from waste gas at Vishnupuram Cement Plant with the capacity of 7.7 MW. Also the company through their special purpose vehicle Coromandel Electric Co Ltd commissioned a gas based captive power plant at Ramanathapuram with the capacity of 17.4 MW.In the year 2007 Visaka Cement Industry Ltd was amalgamated with the company. The company converted the Sankari plant from wet process to dry process and commissioned the plant. In the year 2008 they revived their shipping business with the purchase of two ships dry bulk carriers with a total capacity of 79843 DWT. They completed and commenced commercial production of one million tonne grinding plant at Chennai. Also the company successfully bid for the Chennai franchise of the DLFIPL 20/20 Cricket Tournament Chennai Super Kings. In the year 2009 the company completed and commenced commercial production of one million tonne grinding plant at Parli Maharashtra. The companys subsidiary namely Trishul Concrete Products Ltd completed and commenced commercial production of one lakh Cu.M ready mix concrete Plant at Hyderabad Andhra Pradesh. In March 2009 the commenced operations in the II line of 1.2 MT at Malkapur. In April 2009 they upgraded capacity of kiln I to 3000 TPD 1700 TPD at Vishnupuram.In January 2010 ICL Financial Services Ltd ICLFSL the companys wholly owned subsidiary acquired 60.89 including shares acquired under open offer equity share capital in Indo Zinc Ltd IZL. Consequently IZL became a subsidiary of ICLFSL and ultimate subsidiary of the company. The company set up PT. Coromandel Minerals Resources as subsidiary in Indonesia for acquiring coal concessions.During the year 201011 the company obtained ISO 9001 certification for quality assurance for their Dalavoi Plant in addition to their existing plants at Sankarnagar Chilamakur and Vishnupuram. In June 2010 the company completed the upgradation of capacity at Chilamakur to 4500 tonnes per day. During the year the company initiated steps to set up a division for infrastructure activities. The Division is in the process of finalizing the main areas of focus and is likely to commence activities during the current year.During the year 2017 the Company had sold 46 million KWH of power to the cement plants of The India Cements Limited located in Tamil Nadu State while the balance power of 123 million KWH was sold to other group captive consumers. In March 2017 the Company got additional allocation from Oil and Natural Gas Corporation Limited through etendering basis to meet its shortage of natural gas and this will help in improving the capacity utilisation of the plant further in the coming years.Pursuant to the Scheme of Amalgamation between Trinetra Cement Limited and Trishul Concrete Products Limited Transferor Companies with The India Cements Limited Transferee Company and its shareholders approved by the Honble National Company Law Tribunal Division Bench Chennai vide its Order dated 20 April 2017 the Company allotted in June 2017 973544 equity shares of 10/ each to the erstwhile shareholders of Trinetra Cement Limited and Trishul Concrete Products Limited. The Honble National Company Law Tribunal NCLT Division Bench Chennai has vide its Orders dated April 13 2017 and April 20 2017 sanctioned the Scheme of Amalgamation and Arrangement between Trinetra Cement Limited TCL First Transferor Company and Trishul Concrete Products Limited TCPL Second Transferor Company with The India Cements Limited Transferee Company and their respective shareholders subject to directions given by Honble High Court of Madras on 31 January 2017 in C.P.No.171 of 2015. The said Orders were filed with the Registrar of Companies Tamil Nadu Chennai on 28 April 2017 and accordingly the Scheme became effective from the appointed date i.e. 01 January 2014.In FY 2018 the company got approval from the relevant authorities for enhancing the capacity of Dalavoi and Sankari plants in Tamil Nadu. It also obtained necessary approvals from the environment authorities for installing new energy efficient cement grinding facility at Sankarnagar replacing its old cement mills.During the year 2018 the Company sold 37 million KWH of power to the cement plants of The India Cements Limited located in Tamil Nadu State and the balance power of 164 million KWH was sold to other group captive consumersDuring the year 2018 Coromandel Minerals Pte Ltd Singapore a 100 subsidiary of the company has completed acquisition of 100 shareholding in Raasi Minerals Pte Ltd Singapore which has controlling interest in coal mines in Indonesia through step down subsidiaries PT Adcoal Energindo Indonesia and PT Mitra Setia Tanah Bumbu Indonesia. Consequent to improvement in international prices of coal PT Mitra Setia Tanah Bumbu Indonesia which owns the coalmines has mined and sold 299925 Tonnes of coal during the year 2017 including 169365 tonnes of coal sold to the company.Consequent to improvement in international prices of coal PT Mitra Setia Tanah Bumbu Indonesia which owns the coalmines has mined and sold 299925 Tonnes of coal during the year 2017 including 169365 Tonnes of coal sold to your company.During the year 2019 Springway Mining Private Limited and NKJA Mining Private Limited became subsidiaries of the Company. The Company acquired voting rights of these Companies with an objective of setting up of a Cement Plant in the State of Madhya Pradesh. The land purchase activities for plant and mines have commenced with around 30 of the land purchased sofar. The power generation from the Gas power plant at Ramanathapuram further improved during the year 2019 in the subsidiary Coromandel Electric Co Ltd. due to continuous availability of full quota of gas from Oil and Natural Gas Corporation Limited. While the Company had sold 22 million KWH of power to the cement plants of The India Cements Limited located in Tamil Nadu the balance power of 187 million KWH was sold to other group captive consumers.During October 2018 the Company sold the aircraft for a consideration of Rs. 44.16 crores and is in the process of purchasing another aircraft.During the year 2019 one of the subsidiaries of the Company which owned majority shareholding in PT Mitra Setia Tanah Bumbu Indonesia had to bring down its shareholding to 49 resulting in this step down subsidiary becoming an associate Company. During the year PT Mitra Setia Tanah Bumbu which owns the coalmines has mined and sold 222135 Tonnes of coal including 103398 Tonnes of coal sold to the Company.

India Cements Ltd Share Price: ₹175.40 per share as on 24 Mar, 2023 04:01 PM
India Cements Ltd Market Capitalisation: ₹5,957.77Cr as of today
India Cements Ltd Revenue: ₹1,592.26Cr as on December 2022 (Q4 22)
India Cements Ltd Net Profit: ₹133.29Cr as on December 2022 (Q4 22)
India Cements Ltd Listing date: 11 Mar, 1994
India Cements Ltd Chairperson Name: N Srinivasan
OrganisationIndia Cements Ltd
HeadquartersChennai
IndustryCement
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Frequently Asked Questions

India Cements Ltd(INDIACEM) share price today is ₹175.40 (last updated 24 Mar, 2023 at 04:01 PM)

  • Today’s highest price of India Cements Ltd(INDIACEM) is ₹180.70.
  • Today’s lowest price of India Cements Ltd(INDIACEM) is ₹174.65.
  • (last updated 24 Mar, 2023 at 04:01 PM)
Today’s traded volume of India Cements Ltd(INDIACEM) is 1397873.
Today’s market capitalisation of India Cements Ltd(INDIACEM) is ₹5,957.77Cr.
India Cements Ltd(INDIACEM)Price
52 Week High₹298.95
52 Week Low₹145.45
  • (last updated 24 Mar, 2023 at 04:01 PM)
  • India Cements Ltd(INDIACEM) share price is ₹175.40 (last updated 24 Mar, 2023 at 04:01 PM). It is down -41.33% from its 52 Week High price of ₹298.95
    India Cements Ltd(INDIACEM) share price is ₹175.40 (last updated 24 Mar, 2023 at 04:01 PM). It is up 20.59% from its 52 Week Low price of ₹145.45
    India Cements Ltd(INDIACEM)Returns (%)
    1 Day Returns-2.45%
    1 Month Returns-4.82%
    1 Year Returns-14.42%
    3 Year Returns104.20%
    5 Year Returns27.29%
    India Cements Ltd(INDIACEM) share price is ₹175.40 and its price to earning (PE) is 18.67. A high PE ratio indicates that a share price is overvalued, or investors are expecting a high growth rate in the future.