The India Cements Ltd.
Fundamentals
- Market cap
- ₹11,895 cr
- ROE
- 0.00%
- Debt / equity
- 0.11
- 52-week range
- 312.50 — 485.80
Analysis — the numbers vs the call
- India Cements turnaround doubles down on spending, but the why is missing
A record quarter and a tripling of cost capex show conviction, yet the unexplained jump in investment leaves a gap in the story.
Company snapshot
The India Cements Ltd.
Cement
₹12,174 cr
P/E 131.63×
Latest quarter · Jun 2026
Sales₹1,019 cr
Net profit₹27 cr
Op. margin+15.3%
EPS₹0.87
Strength & growth
Debt / equity0.13×
Current ratio0.92×
Sales CAGR−0.7%
EPS CAGR−4.2%
The timeline — 3 notes on The India Cements Ltd.
July 2026
- 20 Jul 26 · 5:19 PM IST Brief Brief · Earnings · Mid cap
India Cements turnaround: capex triples to ₹2,000 cr, EBITDA target ₹1,000/ton
Like-for-like revenue up 21%, EBITDA/ton at ₹603. UltraTech targets double-digit volume growth in FY27, with full capex benefits by Q4FY28.
- 18 Jul 26 · 1:21 PM IST Brief Brief · Earnings · Mid cap
India Cements swings to ₹26.6 cr profit on lower costs, asset sale
The cement maker earned ₹26.62 crore in Q1FY27 versus a ₹7.53 crore loss a year ago, as fuel and freight savings offset a ₹55 crore provision. Revenue was flat at ₹1,019 crore.
- 18 Jul 26 · 1:16 PM IST Brief Brief · Earnings · Mid cap
India Cements posts ₹26.6 cr profit on cost cuts, asset sales
Revenue flat at ₹1,019 cr, but lower power & fuel expenses and a ₹30 cr asset sale profit offset a ₹55 cr provision for old disputes.