1. The India Cements
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83% Sell

The India Cements Share Price

INDIACEM

₹231.69-₹1.46 (-0.63%) TodayLast updated on 21 Jun, 2024 | 03:59 PM IST
₹229.60₹237.70
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Company overview

Financial performance

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Market cap

Market Cap Switch₹6,862 Crs

Open

₹233.97

Close

₹233.15

Circuit range

₹254.85 - ₹208.52

Day range

₹229.60 - ₹237.70

Year range

₹172.55 - ₹277.00

Volume

1,10,55,695

Avg. traded

₹233.73

Revenue (12m)

₹5,112 Crs

The India Cements

Chennai-headquartered India Cements Limited is a leading cement manufacturer in India with a legacy of over 77 years. It is the market leader in South India and has a total manufacturing capacity of 15.5 million tonnes per annum (MTPA).

The company, founded in 1946, initially started operations with a solitary cement factory at Thalaiyuthu in Tamil Nadu.

India Cements published its first annual report in April 1947, and became a public limited company soon after Independence.

Until 1989, the company had two plants and a capacity of only 1.3 million tons. The company, in the next few decades, multiplied its cement production capacity by nearly 12 times.

In 1990, India Cements acquired the Coromandel Cement plant at Cuddapah to emerge as South India’s largest cement manufacturer and diversified its business portfolio by setting up a shipping division in 1991.

The cement manufacturer ventured into the finance sector after acquiring Aruna Sugars Finance Ltd in 1997. The company renamed the acquired entity as India Cements Capital & Finance Ltd.

In 2010, it acquired Indo-Zinc Ltd and bought the entire stake in Coromandel Minerals Pvt—limited (CMPL), Singapore. Indo-Zinc also became a subsidiary and was renamed Trinetra Cement.

The company also owns the prominent Indian Premier League (IPL) team Chennai Super Kings.

India Cements Limited’s market capitalisation stood at over ₹8300 crore as of January 3, 2024. India Cements share price has surged over 48% in the last three years.

India Cements business operations

The company is a significant player in the product and supply of ready to mix concrete, ordinary cement, blended cement and high durability cement. The company markets its cement products under the brand names of Coromandel King, Sankar Sakthi, Raasi Gold OPC (Ordinary Portland Cement), Coromandel Super Power, Sankar Super Power and Raasi Super Power and Sankar SRC (Sulphate Resisting Portland Cement).

India Cements now owns and operates seven integrated plants in Tamil Nadu and Andhra Pradesh, and one in Rajasthan (through its subsidiary Trinethra Cement Limited). It also has two grinding units – one each in Tamil Nadu and Maharashtra.

The company produced 97.29 lakh ton cement and 72.98 lakh ton clinker in 2022-23, and shipped its products to various Indian states and also to Africa and South Asia. Nepal, Bangladesh, Myanmar, Sri Lanka, Maldives, Seychelles and Mauritius are among its export markets.

India Cements also owns three ships and two captive power plants of 50-MW capacity each in Tamil Nadu’s Sankarnagar and Telangana’s Vishnupuram to meet the energy requirements of its cement plants.

It also runs an 8.5 MW capacity heat recovery power plant to supplement the power requirements of the Vishnupuram plant and operates a gas-based 26.25 MW power plant at Tamil Nadu’s Ramanathapuram through its subsidiary Coromandel Electric Company Ltd.

Financial highlights

Consolidated revenue from operations increased 15.4% to ₹5,608.13 crore in FY23 from ₹4,858.35 crore in FY22. The company reported a negative EBITDA of ₹140 crore in FY23 compared to ₹478 crore in the preceding financial year, representing a year-on-year drop of 131%. The estimated capital expenditure in FY23 stood at ₹72.31 crore compared to ₹129.36 crore in FY22. Reported a net loss of ₹188.55 crore in FY23 as against a profit of ₹39 crore in FY22. The company’s earnings per share (EPS) stood at ₹(-4.04) in FY23 as against ₹8.98 in FY22.

The India Cements Key indicators

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52 week high

₹277.00

52 week low

₹172.55

P/E ratio

P/B ratio

1.23

ROE

-3.58%

ROCE

-2.09%

Dividend yield

--

Debt/Equity ratio

0.57

EPS

-6.08

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Investment checklist: (2/6)

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Profit factor

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Analyst ratings:

Sell

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Buy

0%

Hold

17%

Sell

83%

This analysis is based on the reviews of 6 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

-2.61%

Net profit margin

-3.5%

ROE

-3.58%

ROA

-1.64%

ROCE

-2.09%

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The India Cements Shareholder returns

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1 day

-0.63%

1 week

+5.93%

1 month

+10.04%

3 months

+13.74%

1 year

+0.08%

3 years

+19.64%

5 years

+142.23%

The India Cements Share Price history

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DayOpenCloseDay’s change
Fri, Jun 21 2024
₹233.97
₹231.69
-0.63%
Thu, Jun 20 2024
₹219.50
₹233.15
+6.66%
Wed, Jun 19 2024
₹222.00
₹218.60
-0.91%
Tue, Jun 18 2024
₹222.00
₹220.61
-0.37%
Fri, Jun 14 2024
₹220.60
₹221.42
+1.23%
Thu, Jun 13 2024
₹220.90
₹218.73
-0.38%
Wed, Jun 12 2024
₹217.19
₹219.56
+1.57%
Tue, Jun 11 2024
₹218.15
₹216.16
-0.91%

Shareholding info

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Promoters (28.42%)

Mutual Funds (4.67%)

Retail and other (49.84%)

Foreign institutions-FII (13.27%)

Other domestic institutions (3.8%)

Retail and other

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Events

Corporate actions

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  • Dividend • ₹1/share

    Ex date 20 Sep 2022

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