India Cements Ltd (INDIACEM)
₹349.7
Analyst Rating
based on 6 analysts
0.00%
Buy
16.67%
Hold
83.33%
Sell
Based on 6 analysts offering long term price targets for India Cements Ltd. An average target of ₹164.5
Source: S&P Global Market Intelligence
India Cements Ltd Share analysis
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹331.25₹359.6552 Week's Low
52 Week's High
₹172.55₹359.65
| Returns % | |
| 1 Month Return | + 49.48 % |
| 3 Month Return | + 54.02 % |
| 1 Year Return | + 68.66 % |
| Market Stats | |
| Previous Close | ₹350.55 |
| Open | ₹350.05 |
| Volume | 1.85Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹10,863.45Cr |
Key Statistics
| P/E Ratio | -47.76 |
| PEG Ratio | 14.47 |
| Market Cap | ₹10,863.45 Cr |
| P/B Ratio | 1.02 |
| EPS | 0.82 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| ₹10,863.45 Cr | 54.03% | 0.70 | -₹170 Cr | ₹5,608 Cr | |
 | HOLD | ₹8,065.84 Cr | 14.7% | 0.82 | ₹161 Cr | ₹7,587 Cr |
 | BUY | ₹12,229.03 Cr | -7.12% | 0.63 | ₹147 Cr | ₹10,732 Cr |
 | BUY | ₹11,720.54 Cr | 31.82% | 0.61 | ₹420 Cr | ₹9,662 Cr |
 | BUY | ₹9,861.34 Cr | 29.27% | 0.66 | ₹369 Cr | ₹6,451 Cr |
Company Information
Share Price: ₹349.70 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹10,863.45Cr as of today
Revenue: ₹1,266.65Cr as on March 2024 (Q1 24)
Net Profit: ₹-50.06Cr as on March 2024 (Q1 24)
Listing date: 03 Nov, 1994
Chairperson Name: N Srinivasan (F&R)
| Organisation | India Cements Ltd |
| Headquarters | Chennai |
| Industry | Cement |
| E-voting on shares | Click here to vote |
Key events for India Cements Ltd
Allocation of Rs 26,000 crore for Bihar highway development to benefit India Cements - 23 Jul, 2024
The Finance Minister's allocation of Rs 26,000 crore for highway development in Bihar will boost cement demand and benefit producers like Ultratech, Adani Cement, India Cement, and JK Cement.
India Cements Stock Hits New High Amid Open Offer Buzz - 18 Jul, 2024
The India Cements stock hit a new high amid buzz of an open offer by UltraTech Cement. Billionaire investor Radhakishan Damani and his associates sold 23% equity in the company for Rs 1,889 crore. The stock has rallied 50% since June 25.
India Cements Share Price Hits 52-Week High on Positive Outlook - 16 Jul, 2024
India Cements' stock price has gained more than 5% to reach a 52-week high following news of improved capacity utilization and the company's divestment of its Parli Grinding Unit. Anand Rathi Investment Services has set a target price of ₹410 with a stop loss of ₹260, expecting more than 28% upside for the stock now trading at close to ₹320 levels.
India Cements Faces Challenging Phase as UltraTech Acquires Stake - 05 Jul, 2024
India Cements is facing financial difficulties and reported a net loss of Rs 50.06 crore in the latest quarter. ICICI Securities has a sell call on the stock with a target price of Rs 130. Meanwhile, UltraTech Cement acquired a 23% stake in the company for Rs 1,900 crore.
India Cements Placed on NSE's F&O Ban List - 02 Jul, 2024
The National Stock Exchange has placed India Cements on its F&O ban list for July 2, allowing clients/members to only trade in derivative contracts to decrease their positions.
India Cements Denies Bond Issuance Talks, Stock Falls - 01 Jul, 2024
India Cements denied reports of bond issuance talks with Bank of America and Nomura, causing no merit in disclosure under Listing Regulations. The company's stock fell by 3.6% following the retirement of its President (Operations).
UltraTech Cement Acquires 23% Stake in India Cements - 29 Jun, 2024
India Cements has received a financial investment from UltraTech Cement, which acquired a 23% stake. The company is implementing a course correction plan for FY25-26 and has sold non-core assets to shore up working capital. It has earmarked ₹500 crore for efficiency-building capex and expects cost savings of ₹150-175 per tonne by FY26. With lower commodity costs and potential post-election pricing increases, the company may see better realisations and lower production costs in FY25.
UltraTech Cement Acquires Stake in India Cements; Company Plans Bond Issue - 28 Jun, 2024
India Cements plans to raise up to ₹500 crore in bonds from Bank of America and Nomura. Meanwhile, UltraTech Cement has acquired a 24% stake in the company for around Rs 1,900 crore.
UltraTech Cement Acquires 23% Stake in India Cements - 27 Jun, 2024
Aditya Birla-owned UltraTech Cement has acquired a 23% equity stake in India Cements for Rs 1,885 crore. Following the announcement, India Cements' shares jumped by 10%. The move strengthens UltraTech's footprint in the southern market.
India Cements Sees Surge in Trading Volume and Price Amid NSE Exclusion - 26 Jun, 2024
India Cements saw a significant increase in trading volume and share price amidst news that it will be excluded from futures and options by the National Stock Exchange starting August 30th.
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.
POSITIVE IMPACTPrice Rise
In the last 1 month, INDIACEM stock has moved up by 49.5%
- POSITIVE IMPACT
Best in 1 Year
In the last 1 year, INDIACEM has outperformed top 5 stocks with highest market-cap in Construction Materials
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 13.27% to 17.63% in Jun 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 1.20K Cr → 1.30K Cr (in ₹), with an average increase of 7.9% per quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 28.42% of holdings in Jun 2024 quarter
- NO EFFECT
Against Peers
In the last 3 years, Grasim Industries Ltd has given 82.1% return, outperforming this stock by 4.1%
NEGATIVE IMPACTProfit Down
Netprofit is down for the last 2 quarters, 0.67 Cr → -60.55 Cr (in ₹), with an average decrease of 9137.3% per quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 49.84% to 48.09% in Jun 2024 quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 4.67% to 2.03% in Jun 2024 quarter
Company Financials
| Q'1 24 | Q/Q Change | |
|---|---|---|
Revenue | ₹1,266.65Cr | ↑10.68% |
Net Income | -₹50.06Cr | ↑660.79% |
Net Profit Margin | -3.95% | ↑592.98% |
| 2023 | Y/Y Change | |
|---|---|---|
Revenue | ₹5,608.14Cr | ↑15.43% |
Net Income | -₹169.82Cr | ↓357.38% |
Net Profit Margin | -3.03% | ↓322.79% |
| 2023 | Y/Y Change | |
|---|---|---|
Total Assets | ₹11,320.27Cr | ↓4.62% |
Total Liabilities | ₹5,721.40Cr | ↓5.44% |
| 2023 | Y/Y Change | |
|---|---|---|
Operating Cash Flow | -₹10.62Cr | ↓102.54% |
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 28.42% | 0.01 | |
| Foreign Institutions | 17.63% | 32.87 | |
| Mutual Funds | 2.03% | ||
| Retail Investors | 48.09% | ||
| Others | 3.82% | 0.29 |
Key Indicators
India Cements Ltd Valuation
India Cements Ltd in the last 5 years
Lowest (-57.30x)
June 21, 2023
Today (-47.76x)
July 23, 2024
Industry (64.82x)
July 23, 2024
Highest (513.00x)
June 30, 2020
Earnings and Dividends
India Cements Ltd Earnings Results
India Cements Ltd’s net profit jumped 73.31% since last year same period to ₹-60.55Cr in the Q4 2023-2024. On a quarterly growth basis, India Cements Ltd has generated -9137.31% fall in its net profits since last 3-months.
Read More about Earnings ResultsIndia Cements Ltd Dividends May,2022
In the quarter ending March 2022, India Cements Ltd has declared dividend of ₹1 - translating a dividend yield of 0.29%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
India Cements Ltd is currently in a Bullish trading position according to technical analysis indicators.
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India Cements Ltd (INDIACEM) share price today is ₹349.7
India Cements Ltd is listed on NSE
India Cements Ltd is listed on BSE
- Today’s highest price of India Cements Ltd is ₹359.65.
- Today’s lowest price of India Cements Ltd is ₹331.25.
PE Ratio of India Cements Ltd is -47.76
PE ratio = India Cements Ltd Market price per share / India Cements Ltd Earnings per share
Today’s traded volume of India Cements Ltd(INDIACEM) is 1.85Cr.
Today’s market capitalisation of India Cements Ltd(INDIACEM) is ₹10863.45Cr.
| India Cements Ltd(INDIACEM | Price |
|---|---|
52 Week High | ₹359.65 |
52 Week Low | ₹172.55 |
India Cements Ltd(INDIACEM) share price is ₹349.7. It is down -2.77% from its 52 Week High price of ₹359.65
India Cements Ltd(INDIACEM) share price is ₹349.7. It is up 102.67% from its 52 Week Low price of ₹172.55
| India Cements Ltd(INDIACEM | Returns |
|---|---|
1 Day Returns | -0.85% |
1 Month Returns | 49.48% |
3 Month Returns | 54.02% |
1 Year Returns | 68.66% |