About
The India Cements Limited manufactures and sells cement and cement-related products in India. The company offers grey and white cement, ready mix concrete, and clinkers. It also engages in the generation of power from windmills and thermal power plants; and provision of freight services, including ship hiring and chartering services. The company was incorporated in 1946 and is based in Chennai, India. The India Cements Limited operates as a subsidiary of UltraTech Cement Limited.
Key Metrics
as of Sep 2026Market Cap11,242 Cr
P/E83.30
Div Yield0.00 %
Book Value₹327.00
52w High₹490.00
52w Low₹342.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,019.00 | 1,229.00 | 1,114.00 | 1,117.00 | 1,025.00 | 1,198.00 | 940.00 | 1,022.00 | 1,027.00 | 1,236.00 | 1,113.00 | 1,264.00 | 1,437.00 |
| Expenses | 864.00 | 1,076.00 | 1,035.00 | 1,036.00 | 942.00 | 1,200.00 | 1,130.00 | 1,185.00 | 1,051.00 | 1,199.00 | 1,067.00 | 1,260.00 | 1,428.00 |
| Operating Profit | 156.00 | 153.00 | 79.00 | 81.00 | 83.00 | -2.00 | -190.00 | -163.00 | -25.00 | 37.00 | 46.00 | 4.00 | 8.00 |
| OPM % | 15.00 | 12.00 | 7.00 | 7.00 | 8.00 | -0.20 | -20.00 | -16.00 | -2.40 | 3.00 | 4.20 | 0.30 | 0.60 |
| Other Income | -22.00 | 15.00 | 15.00 | 23.00 | -115.00 | 110.00 | 396.00 | -64.00 | 256.00 | 34.00 | 56.00 | 8.00 | 7.00 |
| Depreciation | 72.00 | 76.00 | 75.00 | 74.00 | 74.00 | 75.00 | 55.00 | 55.00 | 56.00 | 57.00 | 57.00 | 55.00 | 54.00 |
| Interest | 26.00 | 23.00 | 24.00 | 25.00 | 27.00 | 38.00 | 73.00 | 73.00 | 82.00 | 64.00 | 59.00 | 60.00 | 58.00 |
| Profit before tax | 36.00 | 69.00 | -5.00 | 4.00 | -132.00 | -5.00 | 77.00 | -355.00 | 93.00 | -49.00 | -14.00 | -103.00 | -97.00 |
| Tax % | 25.00 | 13.00 | -41.00 | -101.00 | -1.00 | -486.00 | -51.00 | -5.00 | 23.00 | 2.00 | -53.00 | -17.00 | -24.00 |
| Net Profit | 27.00 | 60.00 | -3.00 | 9.00 | -133.00 | 18.00 | 119.00 | -339.00 | 58.00 | -61.00 | 1.00 | -80.00 | -87.00 |
| EPS in Rs | 0.87 | 1.92 | -0.09 | 0.28 | -4.29 | 0.47 | 3.95 | -10.94 | 1.89 | -1.95 | 0.02 | -2.58 | -2.82 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,485.00 | 4,141.00 | 4,998.00 | 5,608.00 | 4,858.00 | 4,511.00 | 5,186.00 | 5,770.00 | 5,267.00 | 5,158.00 | 4,879.00 | 5,057.00 |
| Expenses | 4,090.00 | 4,491.00 | 4,912.00 | 5,749.00 | 4,373.00 | 3,715.00 | 4,588.00 | 5,131.00 | 4,548.00 | 4,267.00 | 4,006.00 | 4,294.00 |
| Operating Profit | 395.00 | -350.00 | 86.00 | -141.00 | 486.00 | 796.00 | 599.00 | 639.00 | 720.00 | 891.00 | 873.00 | 763.00 |
| OPM % | 9.00 | -8.00 | 1.70 | -2.50 | 10.00 | 18.00 | 12.00 | 11.00 | 14.00 | 17.00 | 18.00 | 15.00 |
| Other Income | -62.00 | 654.00 | 99.00 | 224.00 | 23.00 | 32.00 | 24.00 | 26.00 | 14.00 | 17.00 | 21.00 | 22.00 |
| Interest | 99.00 | 266.00 | 240.00 | 242.00 | 198.00 | 271.00 | 343.00 | 350.00 | 365.00 | 380.00 | 440.00 | 478.00 |
| Depreciation | 299.00 | 239.00 | 220.00 | 219.00 | 226.00 | 247.00 | 256.00 | 265.00 | 279.00 | 276.00 | 291.00 | 303.00 |
| Profit before tax | -65.00 | -202.00 | -275.00 | -378.00 | 85.00 | 311.00 | 24.00 | 50.00 | 90.00 | 252.00 | 164.00 | 4.00 |
| Tax % | 3.00 | -29.00 | -17.00 | -55.00 | 23.00 | 33.00 | -126.00 | 49.00 | 21.00 | 37.00 | 29.00 | 127.00 |
| Net Profit | -67.00 | -144.00 | -227.00 | -125.00 | 87.00 | 209.00 | 51.00 | 26.00 | 69.00 | 159.00 | 119.00 | -1.00 |
| EPS in Rs | -2.17 | -4.64 | -7.34 | -4.09 | 2.53 | 6.67 | 1.62 | 0.68 | 2.11 | 5.41 | 3.80 | -0.11 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 40.00 | 15.00 | 37.00 | 118.00 | 38.00 | 19.00 | 26.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 310.00 | 310.00 | 310.00 | 310.00 | 310.00 | 310.00 | 310.00 | 310.00 | 308.00 | 308.00 | 308.00 | 307.00 |
| Reserves | 9,814.00 | 9,884.00 | 5,265.00 | 5,466.00 | 5,637.00 | 5,388.00 | 5,188.00 | 4,936.00 | 4,961.00 | 4,867.00 | 4,742.00 | 3,073.00 |
| Borrowings | 1,305.00 | 1,165.00 | 2,633.00 | 2,945.00 | 3,091.00 | 3,052.00 | 3,593.00 | 3,356.00 | 3,197.00 | 3,100.00 | 3,296.00 | 3,502.00 |
| Other Liabilities | 1,974.00 | 2,518.00 | 2,493.00 | 2,746.00 | 3,005.00 | 2,340.00 | 2,579.00 | 2,696.00 | 2,479.00 | 2,674.00 | 2,345.00 | 1,805.00 |
| Total Liabilities | 13,403.00 | 13,877.00 | 10,701.00 | 11,467.00 | 12,043.00 | 11,090.00 | 11,670.00 | 11,297.00 | 10,946.00 | 10,950.00 | 10,692.00 | 8,687.00 |
| Fixed Assets | 11,187.00 | 11,638.00 | 6,874.00 | 6,803.00 | 7,101.00 | 7,065.00 | 7,206.00 | 7,072.00 | 7,146.00 | 7,260.00 | 7,488.00 | 4,599.00 |
| CWIP | 344.00 | 177.00 | 190.00 | 313.00 | 386.00 | 300.00 | 235.00 | 196.00 | 176.00 | 134.00 | 99.00 | 98.00 |
| Investments | 83.00 | 120.00 | 319.00 | 334.00 | 408.00 | 381.00 | 382.00 | 371.00 | 358.00 | 358.00 | 357.00 | 440.00 |
| Other Assets | 1,788.00 | 1,942.00 | 3,318.00 | 4,016.00 | 4,147.00 | 3,344.00 | 3,847.00 | 3,659.00 | 3,265.00 | 3,198.00 | 2,748.00 | 3,550.00 |
| Total Assets | 13,403.00 | 13,877.00 | 10,701.00 | 11,467.00 | 12,043.00 | 11,090.00 | 11,670.00 | 11,297.00 | 10,946.00 | 10,950.00 | 10,692.00 | 8,687.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -27.00 | -256.00 | 344.00 | -19.00 | 439.00 | 1,046.00 | 387.00 | 377.00 | 556.00 | 765.00 | 964.00 | 645.00 |
| Cash from Investing Activity | -103.00 | 2,014.00 | 248.00 | 435.00 | -250.00 | -189.00 | -282.00 | -202.00 | -306.00 | -158.00 | -220.00 | -124.00 |
| Cash from Financing Activity | 40.00 | -1,738.00 | -572.00 | -397.00 | -183.00 | -860.00 | -110.00 | -180.00 | -235.00 | -605.00 | -757.00 | -520.00 |
| Net Cash Flow | -89.00 | 19.00 | 19.00 | 19.00 | 6.00 | -3.00 | -6.00 | -5.00 | 16.00 | 2.00 | -14.00 | 1.00 |
| Free Cash Flow | -115.00 | 31.00 | 255.00 | 142.00 | 288.00 | 897.00 | 140.00 | 161.00 | 361.00 | 685.00 | 796.00 | 507.00 |
| CFO/OP % | -5.00 | 43.00 | 422.00 | 8.00 | 100.00 | 138.00 | 70.00 | 61.00 | 84.00 | 94.00 | 112.00 | 90.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20.00 | 62.00 | 51.00 | 54.00 | 70.00 | 46.00 | 52.00 | 47.00 | 45.00 | 37.00 | 42.00 | 37.00 |
| Inventory Days | 269.00 | 224.00 | 231.00 | 258.00 | 368.00 | 270.00 | 312.00 | 287.00 | 258.00 | 306.00 | 267.00 | 287.00 |
| Days Payable | 318.00 | 395.00 | 456.00 | 438.00 | 565.00 | 488.00 | 490.00 | 458.00 | 441.00 | 522.00 | 447.00 | 402.00 |
| Cash Conversion Cycle | -28.00 | -109.00 | -174.00 | -126.00 | -127.00 | -173.00 | -127.00 | -124.00 | -138.00 | -178.00 | -138.00 | -78.00 |
| Working Capital Days | -15.00 | -32.00 | -10.00 | 35.00 | -18.00 | -56.00 | -38.00 | -14.00 | -3.00 | -37.00 | -84.00 | -41.00 |
| ROCE % | 1.00 | -5.00 | -1.00 | -4.00 | 3.00 | 7.00 | 4.00 | 5.00 | 5.00 | 8.00 | 8.00 | 7.00 |
Corporate Actions
23 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 13 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 14 Sep 2023 | — | — | — | Annual General Meeting |
| Dividend | 20 Sep 2022 | — | — | 1.00 | |
| Dividend | 31 Aug 2021 | — | — | 1.00 | |
| Dividend | 18 Sep 2020 | — | — | 0.60 | |
| Dividend | 04 Sep 2019 | — | — | 0.80 | |
| Dividend | 11 Sep 2018 | — | — | 0.80 | |
| Dividend | 24 Aug 2017 | — | — | 1.00 | |
| Dividend | 19 Aug 2016 | — | — | 1.00 | |
| Other | 27 Nov 2015 | — | — | — | Annual General Meeting |
| Other | 08 Oct 2015 | 09 Oct 2015 | — | — | General |
| Other | 08 Oct 2015 | 09 Oct 2015 | — | — | For Distribution Of Chennai Super Kings Cricket Limited Shares To The Shareholders Of India Cements |
| Other | 15 Dec 2014 | — | — | — | Annual General Meeting |
| Dividend | 06 Sep 2013 | — | — | 2.00 | |
| Dividend | 06 Aug 2012 | — | — | 2.00 | |
| Dividend | 16 Aug 2011 | — | — | 1.50 | |
| Dividend | 26 Jul 2010 | — | — | 2.00 | |
| Dividend | 31 Jul 2009 | — | — | 2.00 | |
| Dividend | 14 Aug 2008 | — | — | 2.00 | |
| Dividend | 14 Sep 2007 | — | — | 1.00 | |
| Other | 28 Jul 2006 | — | — | — | Agm |
| Other | 12 Aug 2005 | — | — | — | Annual Book Closure |
| Dividend | 04 Sep 2001 | — | — | 1.80 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update25 Jun from care
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Rating update11 Sep 2025 from care
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Rating update23 Jun 2025 from care
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Rating update9 Apr 2025 from care
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Rating update27 Jan 2025 from care
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Rating update6 Aug 2024 from care