The India Cements Limited
Commodities›Construction Materials›Cement & Cement Products›Cement & Cement Products
Key metrics
Price as of 2026-07-17
Stock price
₹410.30
Market cap
12,715 Cr
Stock P/E
201.9
P/B
1.26
Dividend yield
0.0%
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,437 Cr | 1,264 Cr | 1,144 Cr | 1,267 Cr | 1,027 Cr | 1,032 Cr | 941 Cr | 1,197 Cr | 1,025 Cr | 1,117 Cr | 1,114 Cr | 1,229 Cr |
| Operating expenses (approx.) | 1,428 Cr | 1,260 Cr | 1,069 Cr | 1,213 Cr | 811 Cr | 1,418 Cr | 765 Cr | 1,110 Cr | 1,065 Cr | 1,042 Cr | 1,044 Cr | 1,086 Cr |
| EBITDA | 8 Cr | 4 Cr | 75 Cr | 53 Cr | 216 Cr | -386 Cr | 176 Cr | 87 Cr | -41 Cr | 75 Cr | 71 Cr | 142 Cr |
| OPM % | 0.6% | 0.3% | 6.6% | 4.2% | 21.0% | -37.4% | 18.7% | 7.3% | -4.0% | 6.7% | 6.3% | 11.6% |
| Other income | 7 Cr | 8 Cr | 29 Cr | 20 Cr | 16 Cr | 159 Cr | 46 Cr | 26 Cr | 9 Cr | 29 Cr | 24 Cr | 26 Cr |
| Interest | 58 Cr | 60 Cr | 60 Cr | 65 Cr | 82 Cr | 73 Cr | 73 Cr | 38 Cr | 27 Cr | 25 Cr | 24 Cr | 23 Cr |
| Depreciation | 54 Cr | 55 Cr | 58 Cr | 58 Cr | 56 Cr | 55 Cr | 55 Cr | 75 Cr | 74 Cr | 74 Cr | 75 Cr | 76 Cr |
| Profit before tax | -97 Cr | -103 Cr | -14 Cr | -49 Cr | 93 Cr | -355 Cr | 94 Cr | 0.51 Cr | -132 Cr | 4 Cr | -5 Cr | 69 Cr |
| Tax % | 24.3% | 16.9% | 53.3% | -2.0% | 23.1% | 4.6% | -42.1% | -4723.5% | 0.6% | -100.7% | 41.2% | 13.5% |
| Net profit | -87 Cr | -80 Cr | 0.67 Cr | -61 Cr | 58 Cr | -339 Cr | 122 Cr | 15 Cr | -133 Cr | 9 Cr | -3 Cr | 60 Cr |
| EPS (₹) | ₹-2.86 | ₹-2.56 | ₹0.00 | ₹-1.91 | ₹1.87 | ₹-11.55 | ₹162.41 | ₹0.51 | ₹-4.21 | ₹0.28 | ₹-0.09 | ₹1.92 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,770 Cr | 5,186 Cr | 4,511 Cr | 4,858 Cr | 5,608 Cr | 5,112 Cr | 4,149 Cr | 4,485 Cr | Sign in for TTM |
| Operating expenses (approx.) | 5,145 Cr | 4,605 Cr | 3,723 Cr | 4,374 Cr | 5,565 Cr | 4,971 Cr | 4,023 Cr | 4,237 Cr | Sign in for TTM |
| EBITDA | 626 Cr | 581 Cr | 788 Cr | 484 Cr | 43 Cr | 141 Cr | 126 Cr | 247 Cr | Sign in for TTM |
| OPM % | 10.8% | 11.2% | 17.5% | 10.0% | 0.8% | 2.8% | 3.0% | 5.5% | Sign in for TTM |
| Other income | 39 Cr | 42 Cr | 40 Cr | 24 Cr | 40 Cr | 65 Cr | 209 Cr | 88 Cr | Sign in for TTM |
| Interest | 350 Cr | 343 Cr | 271 Cr | 198 Cr | 242 Cr | 244 Cr | 266 Cr | 99 Cr | Sign in for TTM |
| Depreciation | 265 Cr | 256 Cr | 247 Cr | 226 Cr | 219 Cr | 226 Cr | 239 Cr | 299 Cr | Sign in for TTM |
| Profit before tax | 50 Cr | 24 Cr | 311 Cr | 85 Cr | -378 Cr | -263 Cr | -171 Cr | -63 Cr | Sign in for TTM |
| Tax % | 49.2% | -126.4% | 32.9% | 22.8% | 55.0% | 18.1% | 34.1% | -3.5% | Sign in for TTM |
| Net profit | 19 Cr | 50 Cr | 207 Cr | 78 Cr | -127 Cr | -227 Cr | -144 Cr | -67 Cr | Sign in for TTM |
| EPS (₹) | ₹0.28 | ₹9.18 | ₹7.01 | ₹8.92 | ₹-4.04 | ₹-7.32 | ₹153.23 | ₹-2.17 | Sign in for TTM |
| Dividend payout % | — | — | — | 37.0% | — | — | — | — | Sign in for TTM |
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Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 310 Cr | 310 Cr | 310 Cr | 310 Cr | 310 Cr | 310 Cr | 310 Cr | 310 Cr |
| Reserves | 4,936 Cr | 5,188 Cr | 5,397 Cr | 5,637 Cr | 5,466 Cr | 5,265 Cr | 9,884 Cr | 9,814 Cr |
| Borrowings | 3,048 Cr | — | — | — | 2,940 Cr | 2,618 Cr | 1,165 Cr | 1,305 Cr |
| Other liabilities | 2,952 Cr | — | — | — | 2,701 Cr | 2,483 Cr | 2,469 Cr | 1,974 Cr |
| Total liabilities | 11,300 Cr | — | — | — | 11,467 Cr | 10,701 Cr | 13,830 Cr | 13,403 Cr |
| Fixed assets (net) | 6,886 Cr | — | — | — | 6,672 Cr | 6,746 Cr | 11,572 Cr | 11,179 Cr |
| CWIP | 196 Cr | — | — | — | 313 Cr | 190 Cr | 177 Cr | 344 Cr |
| Investments | 371 Cr | — | — | — | 334 Cr | 319 Cr | 79 Cr | 83 Cr |
| Other assets | 2,373 Cr | — | — | — | 4,445 Cr | 3,536 Cr | 1,592 Cr | 1,459 Cr |
| Total assets | 11,300 Cr | — | — | — | 11,467 Cr | 10,701 Cr | 13,830 Cr | 13,403 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 439 Cr | -19 Cr | 344 Cr | -256 Cr | -27 Cr |
| Cash from investing | — | — | — | -250 Cr | 435 Cr | 248 Cr | 2,015 Cr | -103 Cr |
| Cash from financing | — | — | — | -183 Cr | -397 Cr | -572 Cr | -1,738 Cr | 40 Cr |
| Net cash flow | — | — | — | 6 Cr | 19 Cr | 19 Cr | 20 Cr | -89 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 271 Cr | -77 Cr | 217 Cr | -319 Cr | -249 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 4.3% | 5.9% | 9.5% | 4.4% | -2.0% | -1.0% | -1.0% | -0.5% |
| ROE % | 0.4% | 0.0% | 3.6% | 1.3% | -2.2% | -4.1% | -1.4% | -0.7% |
| Debtor days | 47 | — | — | — | 54 | 50 | 58 | 20 |
| Inventory days | 280 | — | — | — | 271 | 236 | 243 | 266 |
| Days payable | 448 | — | — | — | 460 | 467 | 430 | 314 |
| Cash conversion cycle | -120 | — | — | — | -136 | -180 | -128 | -28 |
| Debt / equity | 0.58 | — | — | — | 0.51 | 0.47 | 0.11 | 0.13 |
| Current ratio | 0.93 | — | — | — | 1.19 | 0.98 | 1.27 | 0.92 |
| Net debt / EBITDA | 4.79 | 0.00 | 0.00 | 0.00 | 66.74 | 17.96 | 8.46 | 5.22 |
Compare with peers
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