The India Cements Limited

Construction Materials · Cement & Cement Products

NSE: INDIACEM BSE: 530005

₹301.85

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Cement & Cement Products

The largest companies in the same industry by market cap. This company ranks #11 of 40. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
UltraTech Cement Limited	322,850	42.6	10.1%	-9.4%	2.19%	58	13	48
Grasim Industries Limited	208,387	291.1	6.1%	9.8%	—	28	65	28
Ambuja Cements Limited	92,932	24.7	7.7%	-34.5%	0.53%	61	68	12
SHREE CEMENT LIMITED	80,622	52.8	7.5%	-23.7%	0.67%	71	25	47
JK Cement Limited	39,221	39.5	13.9%	-19.5%	0.39%	48	5	50
Dalmia Bharat Limited	31,580	399.9	6.4%	-24.5%	0.53%	71	43	14
ACC Limited	22,611	11.0	10.4%	-34.1%	0.62%	69	97	11
The Ramco Cements Limited	19,980	31.3	8.6%	-14.8%	0.30%	37	62	12
The India Cements Limited (this stock)	9,354	135.4	-0.7%	-22.8%	—	36	50	7

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹10,646 Cr

EV / EBITDA

21.7x

EV / Sales

2.38x

Market cap / Sales

2.09x

Earnings yield

0.74%

Quarterly Financials

Download CSV

Standalone Consolidated

↓ Negative

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 1,023 Cr, down 1.0% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	1,019	36	27	₹0.8600
March 31, 2026	1,229	66	55	₹1.7700
Dec. 31, 2025	1,114	-8	-6	₹-0.1800
Sept. 30, 2025	1,117	-11	-7	₹-0.2200
June 30, 2025	1,025	-16	-14	₹-0.3700
March 31, 2025	1,197	-101	-76	₹-2.4100
Dec. 31, 2024	903	-497	-429	₹144.6400
Sept. 30, 2024	1,017	-274	-240	₹-8.4100
June 30, 2024	972	78	57	₹1.8600
March 31, 2024	1,245	-33	-29	₹
Dec. 31, 2023	1,082	-24	-17	₹-0.5600
Sept. 30, 2023	1,222	-99	-81	₹-2.6000
June 30, 2023	1,393	-99	-75	₹-2.4200

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Dec 23	Sep 23	Jun 23	Mar 23
Total income (before exceptional items)	1,023	1,259	1,140	1,131	1,033	1,221	914	1,026	978	1,099	1,228	1,400	1,479
Operating revenue	1,019	1,229	1,114	1,117	1,025	1,197	903	1,017	972	1,082	1,222	1,393	1,460
Other income	3	30	26	13	9	24	11	10	6	17	6	7	18
Operating expenses	864	1,073	1,035	1,036	943	1,197	1,092	1,180	1,003	1,033	1,214	1,388	1,505
Operating profit	156	155	80	81	82	0	-188	-164	-31	49	8	5	-44
Operating profit margin	15.3%	12.7%	7.1%	7.3%	8.0%	0.0%	-20.9%	-16.1%	-3.2%	4.5%	0.7%	0.4%	-3.0%
Depreciation	72	76	75	74	74	75	55	54	55	57	53	53	53
Interest	26	23	30	32	33	48	74	73	82	60	59	58	49
Exceptional items, gain / (loss)	-25	-20	-8	—	—	-3	-190	6	241	26	—	—	-114
Profit before tax	36	66	-8	-11	-16	-101	-497	-274	78	-24	-99	-99	-242
Tax	9	11	-2	-4	-2	-25	-68	-34	21	-8	-17	-24	-24
Net profit	27	55	—	—	—	—	-429	-240	57	-17	-81	-75	-218
EPS	0.86	1.77	-0.18	-0.22	-0.37	-2.41	144.64	-8.41	1.86	-0.56	-2.60	-2.42	-7.08
Net profit (TTM)	—	—	—	—	—	—	-628	-280	-116	-391	-284	-340	-189
EPS (TTM)	2.23	1.00	-3.18	141.64	133.45	135.68	137.53	-9.71	-3.72	-12.66	-9.26	-11.08	-6.08

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	4,485	68	65
March 31, 2025	4,088	-794	-668
March 31, 2024	4,942	-255	-203
March 31, 2023	5,381	-407	-189

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	-5.5%	0.5%	4,563^†	4,139^†	—	5,415^†	4,730^†	4,460^†	5,085^†	5,659^†	5,360^†	—
Operating revenue	-5.9%	0.2%	4,485	4,088	4,942	5,381	4,713^†	4,437^†	5,058^†	5,628^†	5,341^†	5,315^†
Other income	—	—	78^†	50^†	—	34^†	17^†	23^†	28^†	31^†	19^†	—
Operating expenses	—	—	4,086^†	4,471^†	—	5,555^†	4,252^†	3,631^†	4,472^†	4,990^†	4,648^†	4,240^†
Operating profit	—	-13.1%	398^†	-383^†	—	-174^†	461^†	806^†	585^†	638^†	693^†	1,075^†
Operating profit margin	—	—	8.9%^†	-9.4%^†	—	-3.2%^†	9.8%^†	18.2%^†	11.6%^†	11.3%^†	13.0%^†	20.2%^†
Depreciation	—	—	299^†	239^†	—	213^†	220^†	242^†	247^†	251^†	256^†	219^†
Interest	—	—	118^†	277^†	—	234^†	204^†	265^†	334^†	324^†	340^†	338^†
Exceptional items, gain / (loss)	—	—	-28^†	54^†	—	180^†	0^†	0^†	-100^†	0^†	0^†	0^†
Profit before tax	—	-26.9%	68	-794	-255	-407	54^†	323^†	-68^†	93^†	116^†	263^†
Tax	—	—	2^†	-107^†	—	-218^†	15^†	101^†	-33^†	—	—	87^†
Net profit	—	-21.7%	65	-668	-203	-189	39^†	222^†	-36^†	69^†	101^†	176^†
EPS	—	-32.5%	1.00^†	135.68^†	—	-6.08^†	7.46^†	7.15^†	6.62^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	8.9%^†	-9.4%^†	—	-3.2%^†	9.8%^†	18.2%^†	11.6%^†	11.3%^†	13.0%^†	20.2%^†
EBIT margin	4.1%^†	-12.7%^†	—	-3.2%^†	5.5%^†	13.2%^†	5.3%^†	7.4%^†	8.5%^†	11.3%^†
PBT margin	1.5%	-19.4%	-5.2%	-7.6%	1.1%^†	7.3%^†	-1.4%^†	1.7%^†	2.2%^†	4.9%^†
Net margin	1.5%	-16.3%	-4.1%	-3.5%	0.8%^†	5.0%^†	-0.7%^†	1.2%^†	1.9%^†	3.3%^†
Interest coverage	1.57x^†	-1.87x^†	—	-0.74x^†	1.26x^†	2.22x^†	0.80x^†	1.29x^†	1.34x^†	1.78x^†
Dividend payout	0.0%^†	0.0%^†	—	—	13.4%^†	8.4%^†	12.1%^†	—	—	—
Earnings retention	100.0%^†	100.0%^†	—	—	86.6%^†	91.6%^†	87.9%^†	—	—	—
Current ratio	0.91x	0.94x	—	—	—	—	—	—	—	—
Quick ratio	0.44x	0.60x	—	—	—	—	—	—	—	—
Debt to equity	0.13x	0.12x	—	—	—	—	—	—	—	—
Return on equity	0.7%	-6.9%	—	—	—	—	—	—	—	—
Return on assets	0.5%	-4.9%	—	—	—	—	—	—	—	—
Return on capital employed	1.6%^†	-4.3%^†	—	—	—	—	—	—	—	—
Asset turnover	0.34x	0.30x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	-33	-68	40	223	-256
March 31, 2025	60	1,730	-1,729	47	14
March 31, 2024	310	246	-558	127	183
March 31, 2023	-11	429	-405	144	-155
March 31, 2022	370	-206	-168	147	223

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	13,305	10,027	9,717	329	976	1,427	1,575	13	11,179	734
March 31, 2025	13,640	9,623	9,313	95	1,071	1,538	1,633	74	11,414	556
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.