The India Cements share price
NSE: INDIACEMBSE: 530005Cement & Cement ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹331.75.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹9,787 Cr490th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 17 Oct 2026
- 79.9
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹45 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 58.5
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 17 Oct 2026
- 1.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 17 Oct 2026
- 1.2%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹45 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 1.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 17 Oct 2026
- 2.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 17 Oct 2026
- 0.16
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 99,06,3245.0% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Sep 2026, against the quarter beforeFiled 17 Oct
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,142 Crup 12.03%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹39 Crup 44.58%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 3.4%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
The years either side of a change of basis do not compare. From the year to Mar 2025, the company's revenue for that year, ₹4,149 Cr, differs from its quarters added, ₹4,197 Cr.
| ₹ crore | Dec 2024Filed 22 Jan | Mar 2025Filed 10 Jun | Jun 2025Filed 19 Jul | Sep 2025Filed 17 Oct | Dec 2025Filed 23 Jan | Mar 2026Filed 25 Apr | Jun 2026Filed 18 Jul | Sep 2026Filed 17 Oct |
|---|---|---|---|---|---|---|---|---|
| Revenue | 941 | 1,197 | 1,025 | 1,117 | 1,114 | 1,229 | 1,019 | 1,142 |
| Net profit | 122 | 15 | −133 | 9 | −3 | 60 | 27 | 39 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | – | – | −13.0% | 0.8% | −0.2% | 4.8% | 2.6% | 3.4% |
The quarters either side of a change of basis do not compare. From the quarter to Mar 2025, the company's revenue for the year to Mar 2025, ₹4,149 Cr, differs from its quarters added, ₹4,197 Cr.
Business segments
In the year to Mar 2026 the company reports one business segment, Cement and Cement Related products, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2025: days before it are of the company before the change.PE ratio and valuation history
At or below today's level on 36% of 1,972 trading days since Nov 2018.
At or below today's level on 1% of 184 trading days over the last year.
At or below today's level on 31% of 2,441 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +24.1% | – | – | 0.0% |
| 3 years | +22.9% | – | – | 0.0% |
| 5 years | +15.6% | – | – | 0.1% |
Mutual funds holding it
66 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 40 of the 45 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings
- AddedAdded. Funds that held more shares than at the end of the month before.
- 17
- CutCut. Funds that held fewer shares than at the end of the month before.
- 28
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 21
| Fund | |||
|---|---|---|---|
 Kotak Large & Mid Cap FundKotak Mahindra Mutual Fund | 82,00,000 | 0.81% | ₹247.5 Cr |
| Kotak Multi Cap FundKotak Mahindra Mutual Fund | 49,65,090 | 0.49% | ₹149.9 Cr |
 Franklin India Small Cap FundFranklin Templeton Mutual Fund | 42,96,380 | 0.91% | ₹129.7 Cr |
 SBI Midcap FundSBI Mutual Fund | 21,73,922 | 0.28% | ₹65.6 Cr |
| SBI Infrastructure FundSBI Mutual Fund | 12,50,000 | 0.80% | ₹37.7 Cr |
| Kotak Manufacture in India FundKotak Mahindra Mutual Fund | 12,00,000 | 1.16% | ₹36.2 Cr |
| Kotak Large Cap FundKotak Mahindra Mutual Fund | 10,00,804 | 0.29% | ₹30.2 Cr |
 Baroda BNP Paribas Multi Cap FundBaroda BNP Paribas Mutual Fund | 9,60,000 | 0.88% | ₹29.0 Cr |
 ICICI Prudential Aggressive Hybrid FundICICI Prudential Mutual Fund | 8,68,531 | 0.05% | ₹26.2 Cr |
| Baroda BNP Paribas Small Cap FundBaroda BNP Paribas Mutual Fund | 3,86,532 | 0.91% | ₹11.7 Cr |
Peers and competitors
Cement & Cement Products, 38 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to The India Cements in market cap. 2 companies in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 ACCACC | 21,772 | 11.4 | 1.1 | 8.1 | +11.8% | −21.1% | 9.8% | 7.3% | 0.65% |
 The Ramco CementsRAMCOCEM | 17,471 | 27.1 | 2.2 | 15.7 | +8.6% | +101.2% | 8.3% | 5.0% | 0.34% |
 JSW CementJSWCEMENT | 15,949 | 21.0 | 2.4 | 16.1 | – | – | 11.6% | 8.2% | 0.43% |
 Nuvoco Vistas CorporationNUVOCO | 11,808 | 28.5 | 1.2 | 8.6 | +10.6% | +52.0% | 4.4% | 6.6% | 0.00% |
 Star CementSTARCEMENT | 6,475 | 17.5 | 2.0 | 7.7 | +14.5% | +56.4% | 12.2% | 14.1% | 0.62% |
 Birla CorporationBIRLACORPN | 5,989 | 10.8 | 0.8 | 6.3 | +3.9% | +44.9% | 7.7% | 8.5% | 1.61% |
 JK Lakshmi CementJKLAKSHMI | 5,907 | 16.0 | 1.5 | 8.2 | +8.7% | −2.4% | 10.1% | 9.9% | 1.37% |
 Prism JohnsonPRSMJOHNSN | 4,849 | 27.8 | 3.2 | 7.5 | +1.0% | – | – | – | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 20 Sep 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.00 |
| 31 Aug 2021 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.00 |
| 18 Sep 2020 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.60 |
| 4 Sep 2019 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.80 |
| 11 Sep 2018 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.80 |
| 24 Aug 2017 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.00 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
17 Oct · General Updates
15 Oct · Business
1 Oct · Analysts
The India Cements share price by year
Each calendar year to 2025.The India Cements share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 435.25 | +15.7% | 448.05 | 246.65 |
| 2024 | 376.35 | +45.4% | 380.45 | 184.70 |
| 2023 | 258.90 | +18.5% | 272.50 | 168.40 |
| 2022 | 218.45 | +13.6% | 289.85 | 150.05 |
| 2021 | 192.25 | +13.6% | 223.10 | 154.70 |
| 2020 | 169.20 | +137.0% | 174.05 | 71.70 |
| 2019 | 71.40 | −25.7% | 114.40 | 69.75 |
| 2018 | 96.10 | −47.6% | 201.40 | 81.65 |
| 2017 | 183.45 | +57.3% | 220.95 | 122.00 |
| 2016 | 116.60 | +20.4% | 160.65 | 66.45 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 335.00 | 336.00 | 308.25 | 315.80 | 318.50 | 99,06,324 | 5.0% |
| 22 Oct 2026 | 322.35 | 358.80 | 316.25 | 331.75 | 341.85 | 5,58,10,842 | 2.9% |
| 21 Oct 2026 | 298.40 | 348.70 | 296.55 | 329.80 | 320.43 | 2,85,33,954 | 3.7% |
| 19 Oct 2026 | 309.10 | 315.00 | 286.50 | 294.35 | 294.22 | 21,07,356 | 26.3% |
| 16 Oct 2026 | 298.00 | 304.50 | 296.45 | 302.30 | 301.26 | 2,42,209 | 40.3% |
| 15 Oct 2026 | 294.75 | 298.10 | 293.25 | 297.40 | 296.61 | 67,943 | 49.2% |
| 14 Oct 2026 | 300.65 | 302.15 | 295.20 | 295.65 | 298.24 | 1,04,274 | 46.2% |
| 13 Oct 2026 | 291.10 | 300.70 | 291.10 | 299.40 | 297.55 | 1,30,178 | 39.0% |
| 12 Oct 2026 | 301.00 | 306.90 | 296.15 | 297.75 | 302.28 | 1,96,072 | 39.4% |
| 9 Oct 2026 | 293.15 | 299.00 | 291.55 | 297.45 | 294.82 | 1,40,167 | 44.7% |
About The India Cements
The India Cements Limited makes and sells cement and clinker, from a registered office in Chennai. Its customers include people building their own homes, infrastructure companies working on roads, dams, airports and real estate, and makers of hollow blocks, paver tiles and concrete pipes.
Its cement plants are at Sankarnagar, Sankari, Dalavoi and Vallur in Tamil Nadu, Chilamkur and Yerraguntla in Andhra Pradesh, Vishnupuram and Malkapur in Telangana, and Nokhla in Rajasthan. It sells in 14 Indian states and in no other country. It has four subsidiaries, including Raasi Minerals Pte. Limited in Singapore and PT Coromandel Minerals Resources in Indonesia. Its shares are listed on the National Stock Exchange of India and on BSE Limited.
The company was incorporated in 1946. UltraTech Cement Limited established control of it on 25 December 2024. In the year to March 2026, four wholly owned subsidiaries, ICL Financial Services Limited, ICL International Limited, ICL Securities Limited and India Cements Infrastructures Limited, were amalgamated into it, effective 28 March 2026. In December 2025 it completed the divestment of its Indonesian subsidiary PT Adcoal Energindo.
UltraTech Cement Limited is its holding company and promoter. A promoter is the person or group that set up a company or controls it. UltraTech holds 74.998 per cent of its shares. Grasim Industries Limited is the ultimate holding company.
- Legal name
- The India Cements Limited
- NSE symbol
- INDIACEM
- BSE code
- 530005
- ISIN
- INE383A01012
- Industry
- Cement & Cement Products
- Listed
- Jun 1958 on BSE, May 2000 on NSE
- Face value
- ₹10
- CIN
- L26942TN1946PLC000931
- Corporate identity number, the registrar of companies' code for it