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India Cements Ltd (INDIACEM)

₹2141.33%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

India Cements Ltd share Performance

  • ₹211.2
    ₹214.9
    ₹214
    downward going graph

    1.31%

    Low

    Day's Volatility:1.73%

    High

    0.42%

    downward going graph
  • ₹183.55
    ₹277
    ₹214
    downward going graph

    14.23%

    Low

    52 Weeks Volatility:43.67%

    High

    29.44%

    downward going graph
1 Month Return-4.76 %
3 Month Return-12.47 %
1 Year Return+ 11.83 %
Previous Close₹211.20
Open₹211.20
Volume4.02L
Upper Circuit-
Lower Circuit-
Market Cap₹6,545.03Cr

Analyst Rating

based on 6 analysts

SELL
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 ₹168.33

Source: S&P Global Market Intelligence

Company Information

India Cements Ltd is the largest producer of cement in South India, with a market share of 28% and over 10,000 stockists. Established in 1946, the company operates multiple plants across Tamil Nadu and Andhra Pradesh, producing a range of popular brands, as well as ready-mix concrete (RMC). Over the years, there have been a number of expansions and mergers, with subsidiaries including Industrial Chemicals and Monomers Ltd, ICL Financial Services Ltd, ICL Securities Ltd, ICL International Ltd, Trinetra Cement Ltd, Visaka Cement Industry Ltd and Raasi Cement Ltd. Power generation capacity has been increased through the installation of the Unique Waste Heat Recovery System for generation of power from waste gas, and a gas based captive power plant. Land purchase activities and other preparations have started for setting up a cement plant in the State of Madhya Pradesh. The company has also sold an aircraft and is in the process of buying another one. Additionally, the company has mined and sold a total of 299925 Tonnes of coal during the 2017-19 period, with 103398 Tonnes being sold to them.

Share Price: ₹214.00 per share as on 18 May, 2024 04:01 PM
Market Capitalisation: ₹6,545.03Cr as of today
Revenue: ₹1,144.46Cr as on December 2023 (Q4 23)
Net Profit: ₹-6.58Cr as on December 2023 (Q4 23)
Listing date: 03 Nov, 1994
Chairperson Name: N Srinivasan (F&R)
OrganisationIndia Cements Ltd
HeadquartersChennai
IndustryCement
E-voting on sharesClick here to vote

Key events for India Cements Ltd

  • India Cements Ltd Valuation Not Expected to be High - 26 Apr, 2024

    According to industry experts, India Cement's plants are not great and the valuation it can command will not be high. Deals for cement companies are expected to happen between $80 to $90 per tonne of capacity.

  • UltraTech to Acquire Grinding Unit from India Cements - 22 Apr, 2024

    India's largest cement producer, UltraTech Cement, has entered into an agreement with India Cements to acquire a 1.1 MTPA grinding unit in Parli, Maharashtra for Rs 315 crore.

  • UltraTech Acquires Grinding Unit from India Cements - 21 Apr, 2024

    UltraTech Cement has acquired a grinding unit from India Cements for Rs 315 crore and will invest an additional Rs 504 crore to expand the capacity of two units. The unit being sold had a turnover of Rs 250.66 crore in FY23, and post this exit, India Cements will have about 13 million tonnes per annum capacity in the southern region and 1.8 million tonnes in Rajasthan.

  • India Cements Sells Grinding Unit to UltraTech Cement - 20 Apr, 2024

    India Cements has sold its grinding unit with an installed capacity of 1.1 MTPA at Parli Vaijnath, Beed District, Maharashtra to UltraTech Cement for a total consideration of Rs. 315 crore.

  • India Cements Plans Bond Issue for Working Capital and Capex - 28 Mar, 2024

    India Cements will issue bonds worth up to ₹750 crore to fund its working capital and capital expenditure requirements. The company's revenue fell by 3.8% in FY23, but analysts expect it to grow by 5.3% over the next year.

Fundamentals of India Cements Ltd

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 49.05% to 49.84% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 4 quarters, -226.9 Cr → 0.67 Cr (in ₹), with an average increase of 4073.2% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, INDIACEM stock has moved up by 19.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Ambuja Cements Ltd has given 55.5% return, outperforming this stock by 43.7%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Ambuja Cements Ltd has given 96.6% return, outperforming this stock by 77.6%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 28.42% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 13.58% to 13.27% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 5.14% to 4.67% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 5 quarters, 1.59K Cr → 1.20K Cr (in ₹), with an average decrease of 6.8% per quarter

India Cements Ltd Valuation

India Cements Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-57.30x)

June 21, 2023

Today (-16.46x)

May 17, 2024

Industry (63.23x)

May 17, 2024

Highest (513.00x)

June 30, 2020

LowHigh

Mutual Fund Holdings

Funds Holdings
Kotak Equity Arbitrage Fund Direct GrowthKotak Equity Arbitrage Fund Direct Growth0.09%
ICICI Prudential Equity Arbitrage Fund Direct Plan GrowthICICI Prudential Equity Arbitrage Fund Direct Plan Growth0.18%
Invesco India Arbitrage Fund Direct Plan Growth OptionInvesco India Arbitrage Fund Direct Plan Growth Option0.23%
Nippon India Arbitrage Fund Direct Plan GrowthNippon India Arbitrage Fund Direct Plan Growth0.23%
SBI Arbitrage Opportunities Fund Direct GrowthSBI Arbitrage Opportunities Fund Direct Growth0.11%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
28.42%
0.00
Foreign Institutions
13.27%
0.00
Mutual Funds
4.67%
0.00
Retail Investors
49.84%
0.00
Others
3.81%
0.00

Technicals of India Cements Ltd share

News & Events of India Cements Ltd

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India Cements Ltd (INDIACEM) share price today is ₹214

India Cements Ltd is listed on NSE

India Cements Ltd is listed on BSE

  • Today’s highest price of India Cements Ltd is ₹214.9.
  • Today’s lowest price of India Cements Ltd is ₹211.2.

PE Ratio of India Cements Ltd is -16.46

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 4.02L.

Today’s market capitalisation of India Cements Ltd(INDIACEM) is ₹6545.03Cr.

India Cements Ltd(INDIACEMPrice
52 Week High
₹277
52 Week Low
₹183.55

India Cements Ltd(INDIACEM) share price is ₹214. It is down -22.74% from its 52 Week High price of ₹277

India Cements Ltd(INDIACEM) share price is ₹214. It is up 16.59% from its 52 Week Low price of ₹183.55

India Cements Ltd(INDIACEMReturns
1 Day Returns
2.8%
1 Month Returns
-4.76%
3 Month Returns
-12.47%
1 Year Returns
11.83%