The India Cements shareholders and shareholding pattern

NSE: INDIACEMBSE: 530005Cement & Cement ProductsSmall Cap

₹315.80₹15.95 (4.81%)BSE ₹315.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹331.75.

52-week range of traded prices to 23 Oct 2026

₹286.50Low, 19 Oct 2026₹485.80High, 8 Jan 2026

Market cap: ₹9,787 Cr490th largest listed
P/E: 79.9
P/E without one-offs: 58.5
P/B: 1.0
Dividend yield: Nonein the last 12 months
ROE: 1.2%
ROE without one-offs: 1.7%
ROCE: 2.0%
Debt to equity: 0.16
Volume, NSE: 99,06,3245.0% delivered

Who owns The India Cements, filing by filing

Per cent of all the company's shares, counting those held against depositary receipts traded abroad where a filing has them. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.

Sep 2026 filing

Promoters75.00%
Foreign institutions3.42%
Indian institutions12.43%
Individuals and others9.15%
Depositary receiptsNone

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others
Depositary receipts

Per cent	Dec 2016Filed 18 Jan	Mar 2017Filed 21 Apr	Jun 2017Filed 19 Jul	Sep 2017Filed 11 Oct	Dec 2017Filed 20 Jan	Mar 2018Filed 18 Apr	Jun 2018Filed 11 Jul	Sep 2018Filed 16 Oct	Dec 2018Filed 18 Jan	Mar 2019Filed 14 May	Jun 2019Filed 18 Jul	Sep 2019Filed 17 Oct	Dec 2019Filed 13 Jan	Mar 2020Filed 15 May	Jun 2020Filed 21 Jul	Sep 2020Filed 5 Nov	Dec 2020Filed 18 Jan	Mar 2021Filed 16 Apr	Jun 2021Filed 17 Jul	Sep 2021Filed 20 Oct	Dec 2021Filed 20 Jan	Mar 2022Filed 18 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 21 Oct	Dec 2022Filed 21 Jan	Mar 2023Filed 20 Apr	Jun 2023Filed 19 Jul	Sep 2023Filed 20 Oct	Dec 2023Filed 20 Jan	Mar 2024Filed 20 Apr	Jun 2024Filed 19 Jul	Sep 2024Filed 19 Oct	Dec 2024Filed 20 Jan	Mar 2025Filed 19 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 21 Oct	Dec 2025Filed 21 Jan	Mar 2026Filed 21 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 14 Oct
	28.30%	28.30%	28.21%	28.21%	28.21%	28.21%	28.22%	28.26%	28.23%	28.21%	28.21%	28.21%	28.21%	28.25%	28.26%	28.41%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	55.49%	81.49%	81.49%	75.60%	75.00%	75.00%	75.00%	75.00%
Indian promoters	28.30%	28.30%	28.21%	28.21%	28.21%	28.21%	28.22%	28.26%	28.23%	28.21%	28.21%	28.21%	28.21%	28.25%	28.26%	28.41%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	28.42%	55.49%	81.49%	81.49%	75.60%	75.00%	75.00%	75.00%	75.00%
	70.95%	71.14%	71.23%	71.23%	71.23%	71.23%	71.45%	71.42%	71.44%	71.47%	71.47%	71.47%	71.67%	71.71%	71.71%	71.55%	71.58%	71.58%	71.58%	71.59%	71.58%	71.57%	71.58%	71.58%	71.59%	71.58%	71.58%	71.58%	71.58%	71.58%	71.58%	71.58%	44.51%	18.51%	18.51%	24.40%	25.00%	25.00%	25.00%	25.00%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13.85%	13.07%	13.15%	13.64%	13.42%	13.58%	13.27%	17.63%	16.17%	14.50%	4.94%	2.97%	3.11%	3.41%	3.48%	3.40%	3.42%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13.62%	12.83%	12.99%	13.48%	13.28%	13.44%	13.12%	17.24%	15.73%	13.94%	4.77%	2.74%	2.94%	3.23%	3.30%	3.22%	3.24%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.23%	0.23%	0.15%	0.16%	0.14%	0.13%	0.14%	0.39%	0.43%	0.55%	0.16%	0.22%	0.16%	0.17%	0.18%	0.17%	0.17%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
FIIs	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	–	–	0.01%	–
F.I.I.	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	–	0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.50%	9.90%	9.39%	9.43%	10.04%	8.94%	8.47%	5.85%	6.05%	6.68%	3.69%	5.77%	12.25%	12.80%	12.90%	12.60%	12.43%
Mutual funds	13.37%	14.41%	16.67%	18.84%	20.77%	22.44%	22.78%	21.98%	21.20%	22.98%	17.51%	14.84%	11.09%	2.70%	2.70%	3.92%	3.76%	3.30%	2.68%	1.64%	3.29%	3.99%	2.89%	4.81%	5.21%	4.96%	5.15%	6.24%	5.14%	4.67%	2.03%	1.46%	2.02%	0.89%	2.75%	8.79%	9.53%	9.74%	9.40%	9.20%
Insurance companies	6.25%	6.23%	6.03%	5.37%	5.37%	5.37%	5.34%	5.34%	5.33%	5.26%	5.26%	5.57%	5.32%	5.26%	5.70%	5.77%	5.65%	5.69%	4.92%	4.61%	4.61%	4.84%	4.70%	4.61%	4.61%	4.42%	4.28%	3.80%	3.80%	3.80%	3.80%	3.77%	2.91%	2.76%	2.75%	3.10%	2.90%	2.77%	2.76%	2.77%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Alternative investment funds	0.19%	0.19%	0.19%	0.31%	0.19%	0.22%	0.25%	0.26%	0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.09%	0.05%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.06%	0.08%	0.08%	Under 0.01%	0.00%	0.00%	0.00%	Under 0.01%	0.01%	0.82%	1.75%	0.04%	0.26%	0.36%	0.37%	0.39%	0.44%	0.45%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	48.23%	48.62%	49.05%	48.51%	48.12%	49.05%	49.84%	48.10%	49.36%	23.33%	9.87%	9.78%	9.03%	8.80%	8.62%	9.00%	9.15%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.38%	11.41%	12.30%	11.73%	11.33%	12.74%	13.75%	11.74%	10.52%	8.98%	7.37%	7.14%	6.80%	6.83%	6.70%	7.01%	7.12%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	25.47%	25.48%	25.29%	25.68%	25.97%	25.98%	25.58%	3.68%	4.36%	3.77%	0.77%	0.76%	0.57%	0.48%	0.46%	0.48%	0.53%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.64%	10.13%	9.90%	9.62%	8.88%	8.69%	8.76%	31.10%	33.00%	9.37%	0.83%	0.99%	0.72%	0.58%	0.56%	0.61%	0.62%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.38%	0.36%	0.37%	0.36%	0.33%	0.37%	0.40%	0.42%	0.40%	0.34%	0.27%	0.27%	0.28%	0.30%	0.30%	0.31%	0.33%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.14%	0.14%	0.14%	0.14%	0.14%	0.17%	0.17%	0.17%	0.17%	0.21%	0.21%	0.21%	0.21%	0.23%	0.23%	0.23%	0.23%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.04%	0.04%	0.04%	0.04%	0.00%	0.08%	0.08%	0.08%	0.08%	0.00%	0.00%	–	–	–	–	–	–
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.11%	0.98%	0.92%	0.87%	1.39%	0.95%	1.01%	0.81%	0.75%	0.57%	0.40%	0.40%	0.45%	0.38%	0.37%	0.36%	0.32%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.79%	–	0.82%	0.80%	0.73%	0.85%	0.94%	0.69%	0.65%	0.47%	0.37%	0.35%	0.40%	0.35%	0.34%	0.34%	0.29%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	–	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.27%	–	0.05%	0.01%	0.58%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Director or Director's Relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	–	0.02%	0.03%	0.05%	0.07%	0.05%	0.09%	0.07%	0.07%	0.01%	0.02%	0.02%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Clearing member	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.12%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.84%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	Under 0.01%	Under 0.01%	–	–	–	Under 0.01%	Under 0.01%	–	–	–	–	–	–
Trust	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Associate of Persons	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	Under 0.01%	Under 0.01%	–	–
Assoicate of Persons	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–
Independent Director or his relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Nominee Director or his relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	–
Depositary receipts	0.75%	0.56%	0.56%	0.56%	0.56%	0.56%	0.33%	0.33%	0.33%	0.32%	0.32%	0.32%	0.12%	0.03%	0.03%	0.03%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Promoter shares pledgedShare of the promoters' own shares	76.04%	76.04%	43.83%	43.83%	43.83%	43.83%	43.65%	35.97%	45.70%	45.70%	27.22%	27.22%	27.22%	27.18%	27.18%	27.03%	16.81%	16.81%	16.81%	16.81%	16.81%	16.81%	16.81%	16.81%	16.81%	22.14%	25.57%	25.57%	45.49%	46.16%	47.46%	68.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Shares in issue	30,71,78,657	30,71,78,657	30,81,52,201	30,81,52,201	30,81,52,201	30,81,52,201	30,92,82,201	30,94,02,201	30,96,62,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201	30,98,97,201
Shares underlying depositary receipts	22,88,797	17,21,444	17,21,444	17,21,444	17,21,444	17,21,444	10,06,968	10,06,968	10,06,968	10,06,968	10,06,968	10,06,968	3,71,924	1,06,362	1,06,362	1,06,362	11,198	11,198	11,198	11,198	11,198	11,198	11,198	11,198	11,198	8,198	8,198	8,198	8,198	8,198	8,198	8,198	8,198	7,818	7,818	7,818	7,818	7,818	7,818	7,818

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of The India Cements shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 18 Jan	Mar 2017Filed 21 Apr	Jun 2017Filed 19 Jul	Sep 2017Filed 11 Oct	Dec 2017Filed 20 Jan	Mar 2018Filed 18 Apr	Jun 2018Filed 11 Jul	Sep 2018Filed 16 Oct	Dec 2018Filed 18 Jan	Mar 2019Filed 14 May	Jun 2019Filed 18 Jul	Sep 2019Filed 17 Oct	Dec 2019Filed 13 Jan	Mar 2020Filed 15 May	Jun 2020Filed 21 Jul	Sep 2020Filed 5 Nov	Dec 2020Filed 18 Jan	Mar 2021Filed 16 Apr	Jun 2021Filed 17 Jul	Sep 2021Filed 20 Oct	Dec 2021Filed 20 Jan	Mar 2022Filed 18 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 21 Oct	Dec 2022Filed 21 Jan	Mar 2023Filed 20 Apr	Jun 2023Filed 19 Jul	Sep 2023Filed 20 Oct	Dec 2023Filed 20 Jan	Mar 2024Filed 20 Apr	Jun 2024Filed 19 Jul	Sep 2024Filed 19 Oct	Dec 2024Filed 20 Jan	Mar 2025Filed 19 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 21 Oct	Dec 2025Filed 21 Jan	Mar 2026Filed 21 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 14 Oct
All shareholders	1,18,139	1,06,978	1,09,559	1,23,428	1,31,404	1,42,987	1,50,823	1,55,922	1,65,316	1,59,710	1,57,984	1,62,667	1,65,311	1,56,473	1,68,277	1,69,138	1,44,149	1,54,888	1,61,640	1,65,884	1,81,498	1,85,649	1,95,551	1,82,623	1,89,447	1,95,974	1,94,254	1,85,758	1,96,426	2,06,667	2,11,262	2,06,285	1,87,327	1,75,917	1,69,844	1,63,090	1,63,480	1,56,567	1,57,402	1,55,972
	9	9	9	9	9	9	9	9	9	8	8	8	8	8	8	8	8	8	8	8	8	8	8	6	6	6	6	6	6	6	7	6	1	1	1	1	1	1	1	1
Indian promoters	9	9	9	9	9	9	9	9	9	8	8	8	8	8	8	8	8	8	8	8	8	8	8	6	6	6	6	6	6	6	7	6	1	1	1	1	1	1	1	1
	1,18,128	1,06,968	1,09,549	1,23,418	1,31,394	1,42,977	1,50,813	1,55,912	1,65,306	1,59,701	1,57,975	1,62,658	1,65,302	1,56,464	1,68,268	1,69,129	1,44,140	1,54,879	1,61,631	1,65,875	1,81,489	1,85,640	1,95,542	1,82,616	1,89,440	1,95,967	1,94,247	1,85,751	1,96,419	2,06,660	2,11,254	2,06,278	1,87,325	1,75,915	1,69,842	1,63,088	1,63,478	1,56,565	1,57,400	1,55,970
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	94	90	91	95	86	80	85	92	101	105	98	105	99	100	98	99	98
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	86	82	83	87	79	73	77	81	90	91	84	91	87	88	86	88	86
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	4	4	4	3	3	4	7	7	10	10	10	8	8	8	7	8
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
FIIs	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	4	–	–	4	–
F.I.I.	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	4	–	4
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	58	61	62	63	65	70	72	72	66	73	71	72	86	88	91	94	96
Mutual funds	67	74	80	91	92	80	80	78	72	83	58	55	46	37	37	36	39	37	37	22	31	32	27	34	36	38	42	44	49	49	46	34	39	43	46	58	61	62	65	69
Insurance companies	7	7	7	6	6	6	6	6	6	5	5	15	14	5	6	5	5	4	4	2	2	3	3	2	2	2	2	2	2	3	3	3	5	7	4	4	4	4	4	4
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	19	19	20	19	19	19	19	22	19	19	18	18	18	18	18	18	17
Alternative investment funds	1	1	1	2	2	1	1	1	1	1	1	1	1	3	3	1	2	1	1	1	1	1	2	3	4	2	0	0	0	1	1	10	10	3	4	6	5	7	7	6
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,82,464	1,89,289	1,95,814	1,94,089	1,85,600	1,96,269	2,06,503	2,11,090	2,06,111	1,87,147	1,75,746	1,69,665	1,62,903	1,63,290	1,56,376	1,57,207	1,55,776
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,76,103	1,82,928	1,89,246	1,87,713	1,79,346	1,89,669	1,99,716	2,04,521	1,99,118	1,80,780	1,70,118	1,64,118	1,57,382	1,57,112	1,50,138	1,50,838	1,49,331
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	154	156	148	149	155	169	158	168	143	120	45	49	44	39	36	40	42
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	797	797	831	816	828	908	875	843	1,065	973	677	651	628	793	786	814	814
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,382	2,381	2,438	2,438	2,388	2,468	2,585	2,649	2,978	2,780	2,596	2,619	2,656	3,097	3,220	3,296	3,386
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	0	1	1	1	1	0	0	–	–	–	–	–	–
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3,024	3,023	3,147	2,969	2,880	3,051	3,165	2,905	2,803	2,491	2,308	2,226	2,191	2,247	2,194	2,217	2,201
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,742	–	3,031	2,918	2,823	2,991	3,103	2,846	2,753	2,447	2,272	2,188	2,144	2,208	2,162	2,187	2,171
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11	–	9	8	8	7	9	9	9	10	9	9	9	8	8	8	8
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	242	–	82	13	12	9	10	12	11	9	6	7	10	7	5	5	5
Director or Director's Relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	1	1	1	1	1	1	1	3	3	2	2	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	27	–	24	29	34	41	41	36	28	20	16	18	24	20	15	14	15
Clearing member	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	113	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,900	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	1	1	–	–	–	1	1	–	–	–	–	–	–
Trust	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1
Associate of Persons	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	1	1	–	–
Assoicate of Persons	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–
Independent Director or his relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1
Nominee Director or his relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	–

The India Cements promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is UltraTech Cement Limited, 75.00%.Promoter buying and selling

Holder
UltraTech Cement LimitedIndian companies, trusts and others	75.00%	23,24,16,830

No promoter shares are reported as pledged.

Largest public holders of The India Cements, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding The India Cements

Holder	Dec 2016Filed 18 Jan	Mar 2017Filed 21 Apr	Jun 2017Filed 19 Jul	Sep 2017Filed 11 Oct	Dec 2017Filed 20 Jan	Mar 2018Filed 18 Apr	Jun 2018Filed 11 Jul	Sep 2018Filed 16 Oct	Dec 2018Filed 18 Jan	Mar 2019Filed 14 May	Jun 2019Filed 18 Jul	Sep 2019Filed 17 Oct	Dec 2019Filed 13 Jan	Mar 2020Filed 15 May	Jun 2020Filed 21 Jul	Sep 2020Filed 5 Nov	Dec 2020Filed 18 Jan	Mar 2021Filed 16 Apr	Jun 2021Filed 17 Jul	Sep 2021Filed 20 Oct	Dec 2021Filed 20 Jan	Mar 2022Filed 18 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 21 Oct	Dec 2022Filed 21 Jan	Mar 2023Filed 20 Apr	Jun 2023Filed 19 Jul	Sep 2023Filed 20 Oct	Dec 2023Filed 20 Jan	Mar 2024Filed 20 Apr	Jun 2024Filed 19 Jul	Sep 2024Filed 19 Oct	Dec 2024Filed 20 Jan	Mar 2025Filed 19 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 21 Oct	Dec 2025Filed 21 Jan	Mar 2026Filed 21 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 14 Oct
LICI ASM NON PARInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.42%	4.42%	4.42%	4.42%	4.23%	4.09%	3.60%	3.60%	3.60%	3.60%	3.60%	2.64%	2.64%	2.64%	2.64%	2.64%	2.64%	–	2.64%
ELM PARK FUND LIMITEDForeign portfolio investors, category I	5.59%	5.24%	4.99%	4.99%	4.99%	5.15%	5.42%	5.13%	5.12%	5.12%	5.12%	5.12%	5.12%	5.33%	5.60%	5.60%	5.60%	5.60%	5.57%	5.57%	5.51%	5.51%	5.51%	5.47%	5.47%	5.47%	5.47%	5.47%	5.68%	5.58%	5.58%	5.58%	5.44%	–	–	–	–	–	–	–
RAJASTHAN GLOBAL SECURITIES PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.12%	2.27%	–	–	–	–	–	–	–
S GUPTA HOLDING PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.61%	–	–	–	–	–	–	–
MORGAN STANLEY ASIA (SINGAPORE) PTE.Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.22%	–	–	–	–	–	–	–
SRI SARADHA LOGISTICS PRIVATE LIMITED (Formerly TRISHUL INVESTMENTS PRIVATE LIMITED)Companies	–	–	–	–	–	–	–	5.85%	5.85%	5.84%	5.84%	5.84%	5.84%	6.65%	6.65%	6.65%	6.65%	6.65%	6.65%	6.65%	6.65%	6.65%	6.65%	–	6.65%	6.65%	6.65%	5.21%	5.04%	5.04%	4.30%	4.30%	–	–	–	–	–	–	–	–
BNP PARIBAS FINANCIAL MARKETS - ODIForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.09%	1.42%	–	–	–	–	–	–	–	–
SOCIETE GENERALE - ODIForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.62%	1.42%	–	–	–	–	–	–	–	–
RADHAKISHAN S DAMANIResident individuals, over ₹2 lakh at face value	–	1.41%	1.40%	1.02%	1.02%	–	–	–	–	–	–	1.29%	4.72%	10.29%	10.79%	10.79%	11.34%	11.34%	11.34%	11.34%	11.34%	11.34%	11.34%	11.34%	11.34%	11.34%	11.34%	11.34%	11.34%	11.34%	–	–	–	–	–	–	–	–	–	–
GOPIKISHAN SHIVKISHAN DAMANIResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	8.26%	8.26%	8.26%	8.46%	8.46%	8.46%	8.46%	8.46%	8.14%	8.11%	8.11%	8.11%	8.10%	8.10%	8.10%	8.10%	8.10%	–	–	–	–	–	–	–	–	–	–
RADHAKISHAN S DAMANI & GOPIKISHAN S DAMANIResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	1.34%	1.34%	1.34%	1.34%	1.34%	1.34%	1.34%	1.34%	1.34%	1.34%	1.34%	1.34%	1.34%	1.34%	1.34%	1.34%	1.34%	–	–	–	–	–	–	–	–	–	–
SRI SARADHA LOGISTICS PRIVATE LIMITEDCompanies	–	–	–	–	–	5.87%	5.85%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.65%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIFE INSURANCE CORPORATION OF INDIAInsurance companies	5.48%	5.48%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.42%	4.42%	4.42%	4.42%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUNDInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.01%	1.01%	1.01%	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIFE INSURANCE CORPORATION OF INDIA & LIFE INSURANCE CORPORATION OF INDIA P & GS FUNDInsurance companies	–	–	–	–	–	–	–	–	–	4.70%	4.70%	4.70%	4.70%	4.70%	4.70%	4.70%	4.70%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
DOVETAIL INDIA FUND CLASS 11 SHARESInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	1.02%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ICM FINANCE PRIVATE LIMITEDOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ISHARES CORE EMERGING MARKETS MAURITIUS COInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	1.04%	1.38%	1.17%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
DIMENSIONAL EMERGING MARKETS VALUE FUNDInstitutions Foreign Portfolio Investor	1.51%	1.17%	1.02%	–	–	–	–	–	–	1.11%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIFE INSURANCE CORPORATION OF INDIA; LIFE INSURANCE CORPORATION OF INDIA P & GS FUND; LIC OF INDIA MARKET PLUS GROWTH FUNDInsurance companies	–	–	–	4.80%	4.80%	4.80%	4.78%	4.78%	4.78%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GOLDMAN SACHS INDIA LIMITEDInstitutions Foreign Portfolio Investor	1.26%	1.86%	1.44%	1.44%	1.44%	2.15%	2.15%	2.15%	1.82%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
TRISHUL INVESTMENTS PRIVATE LIMITEDOther non-institutions	5.71%	5.71%	5.87%	5.87%	5.87%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
RAMS EQUITIES PORTFOLIO FUND-INDIA EQUITIES PORTFOLIO FUNDInstitutions Foreign Portfolio Investor	–	–	–	1.25%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
MORGAN STANLEY MAURITIUS COMPANY LIMITEDInstitutions Foreign Portfolio Investor	–	1.29%	1.09%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GOVERNMENT PENSION FUND GLOBALInstitutions Foreign Portfolio Investor	–	1.10%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
RADHAKISHAN DAMANIResident individuals, over ₹2 lakh at face value	1.41%	–	–	–	–	–	–	–	–	–	–	–	–	–	In concert	In concert	In concert	In concert	In concert	In concert	In concert	In concert	In concert	In concert	In concert	In concert	In concert	In concert	In concert	In concert	–	–	–	–	–	–	–	–	–	–
CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITEDInstitutions Foreign Portfolio Investor	1.39%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
HIRTLE CALLAGHAN EMERGING MARKETS PORTFOLIO -THE BOSTON COMPANY ASSET MANAGEMENT LLCInstitutions Foreign Portfolio Investor	1.15%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
DB INTERNATIONAL (ASIA) LTDInstitutions Foreign Portfolio Investor	1.09%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EMERGING MARKETS CORE EQUITY PORTFOLIO (THE PORTFOLIO) OF DFA INVESTMENT DIMENSIONS GROUP INC. (DFAIDG)Institutions Foreign Portfolio Investor	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent. “In concert” is a filing that named the holder only among the persons acting in concert.