India Cements financials

·InfrastructureChart ›
Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹1,142cr+2.2% on Q2 FY26
Net profit
₹38.8cr+340.6% on Q2 FY26
EBITDA margin
12.6%+5.4 pts on Q2 FY26
EPS
₹1.25+346.4% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue1,1421,117+2.2%
EBITDA14481.1+77.9%
EBITDA margin12.6%7.3%+5.4 pts
Profit before tax52.34.4+1,090.9%
Net profit38.88.8+340.6%
EPS₹1.25₹0.28+346.4%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹1,142 crNet profit₹38.8 crNet margin3.4%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
9,387————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
10.115.710485.368.8
0.00.02.124.650.5
1,3051,3051,1652,6182,940
10,682————
4,5044,4854,1495,1125,608
—+8.1%−18.8%−8.8%—
532397−38299.0−143
11.8%8.8%−9.2%1.9%−2.6%
23897.4−622−127−362
123−67.3−144−227−127
2.7%−1.5%−3.5%−4.5%−2.3%
₹3.95−₹2.17−₹4.64−₹7.34−₹4.09
—+53.2%+36.8%−79.2%—
—−26.7−256344−19.5
—−223−62.4−127−57.7
−249−249−319217−77.1
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

INDIACEM₹302.90

India Cements Ltd.

· Infrastructure
₹ CrorePeersULTRACEMCORAMCOCEMDALBHARATNUVOCOJSWCEMENTJKCEMENTACCBIRLACORPNMcap ₹9,387 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————9,386.9
- Cash, Equiv & ST Investments68.885.3104.215.710.1
+ Minority Interest50.524.62.10.00.0
+ Total Debt2,939.52,618.21,165.21,304.81,304.8
Enterprise Value————10,681.5
Revenue5,608.15,112.24,148.84,484.74,504.4
Growth %, YoY—-8.8-18.8+8.1—
EBITDA-143.199.0-382.2396.5532.2
Margin %-2.551.94-9.218.8411.81
EBIT-362.4-126.6-621.797.4238.0
Net Income-126.9-227.3-143.7-67.3122.5
Margin %-2.26-4.45-3.46-1.502.72
EPS, Adj (current shares)-4.09-7.34-4.64-2.173.95
Growth %, YoY—-79.2+36.8+53.2—
Cash from Operations-19.5343.9-256.2-26.7—
Capital Expenditures-57.7-127.3-62.4-222.7—
Free Cash Flow-77.1216.6-318.7-249.4-249.4
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

India Cements financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

India Cements (NSE: INDIACEM) had a market capitalisation of ₹9,305 crore at the 29 October 2026 close (₹300.25 a share), a PE ratio of 76.0 on the last four quarters' profit and a price-to-book ratio of 0.91. In FY26 its consolidated net loss was ₹67.3 crore on revenue of ₹4,485 crore; in Q2 FY27 (July–September 2026) it was ₹38.8 crore, up 340.6% year on year. Its debt-to-equity ratio was 0.16 on 30 September 2026. Promoters held 75.00% of the shares on 30 September 2026.

India Cements Q2 FY27 results
filed 17 October 2026
Share price used
₹300.25 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

India Cements at a glance · consolidated

Market cap
₹9,305 Crat ₹300.25 · 29 Oct close
PE ratio (last 4 quarters)
76.0
Price to book (PB)
0.91book value ₹328.79 a share
ROE (FY26)
−0.7%+1.2 pts vs FY25ROCE 0.8%
Debt to equity
0.16net debt ₹1,566 Cr
Promoter holding
75.00%unchanged vs 30 Jun 202630 September 2026
Net worth
₹10,189 Cr+1.2% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
−₹249 Cr
EPS (FY26)
−₹2.17

Questions

What is the India Cements PE ratio today?

India Cements' PE ratio is 76.0 at the 29 October 2026 close (₹300.25 a share): a market capitalisation of ₹9,305 crore divided by consolidated net profit of ₹123 crore over the last four quarters (Q3 FY26 to Q2 FY27). These four quarters include net exceptional items of −₹44.7 crore (one-off charges reported separately), so the ratio on recurring profit would differ.

What is the India Cements PB ratio (price to book value)?

India Cements' price-to-book (PB) ratio is 0.91 at the 29 October 2026 close: a market capitalisation of ₹9,305 crore divided by shareholders' equity (book value) of ₹10,189 crore on 30 September 2026. That is a book value of ₹328.79 per share against a share price of ₹300.25.

What is the India Cements ROE and ROCE?

In FY26, India Cements' return on equity (ROE) was −0.7% and its return on capital employed (ROCE) was 0.8%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was −1.8% and ROCE −6.1%.

What is the India Cements market cap?

India Cements' market capitalisation was ₹9,305 crore at the 29 October 2026 close: 30.99 crore shares at ₹300.25 each.

Is India Cements debt free?

No. India Cements had borrowings of ₹1,624 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.16. Its cash and current investments were ₹57.4 crore, so its net debt was ₹1,566 crore.

What is the India Cements EPS?

India Cements' basic earnings per share (EPS) were −₹2.17 in FY26. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹3.95.

What is the India Cements debt to equity ratio?

India Cements' debt-to-equity ratio was 0.16 on 30 September 2026: borrowings of ₹1,624 crore against total equity of ₹10,189 crore. A year earlier, on 30 September 2025, it was 0.13.

What is the India Cements free cash flow?

In FY26, India Cements generated ₹26.7 crore of cash from operations and spent ₹223 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹249 crore. In FY25 it was −₹319 crore.

What is the India Cements revenue and profit in FY26?

In FY26 (April 2025–March 2026), India Cements' consolidated net loss was ₹67.3 crore, narrower than the loss of ₹144 crore in FY25, on revenue from operations of ₹4,485 crore (up 8.1%).

What is the India Cements net worth?

India Cements' net worth — shareholders' equity in its consolidated balance sheet — was ₹10,189 crore on 30 September 2026, up 1.2% from ₹10,073 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹9,305 crore at the 29 October 2026 close.

What is the India Cements book value per share?

India Cements' book value per share was ₹328.79 on 30 September 2026: shareholders' equity of ₹10,189 crore divided by the 30.99 crore shares in issue, up 1.2% from ₹325.04 a year earlier. The share price at the 29 October 2026 close was ₹300.25.

What are the India Cements latest quarterly results?

India Cements' latest results are for Q2 FY27 (July–September 2026), filed on 17 October 2026: consolidated net profit ₹38.8 crore, up 340.6% from ₹8.8 crore in Q2 FY26; revenue from operations ₹1,142 crore, up 2.2% year on year.

What is the India Cements promoter holding?

Promoters held 75.00% of India Cements on 30 September 2026, unchanged from the previous quarter and down 0.60 percentage points from 75.60% a year earlier, according to the shareholding pattern filed with NSE.

What is the India Cements shareholding pattern?

On 30 September 2026, India Cements' shares were held by promoters 75.00%, foreign portfolio investors (FII/FPI) 3.42%, domestic institutions (DII) 12.43% (including mutual funds at 9.20%) and retail and other non-institutional investors 9.15%. Over the year, FII holding was up 0.31 percentage points from 3.11% and DII holding was up 0.18 percentage points from 12.25%.

When are the India Cements next results?

India Cements has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

How does India Cements compare with its peers?

On FY26 consolidated figures, against UltraTech Cement, The Ramco Cements and Dalmia Bharat: India Cements' operating margin of 2.2% is the lowest of the four (UltraTech Cement 14.0%, The Ramco Cements 7.7%, Dalmia Bharat 11.7%; peer average 11.1%); its return on equity of −0.7% is the lowest of the four (UltraTech Cement 11.1%, The Ramco Cements 9.0%, Dalmia Bharat 6.4%; peer average 8.8%); its revenue growth over three years of −7.2% a year is the lowest of the four (UltraTech Cement 11.9% a year, The Ramco Cements 3.4% a year, Dalmia Bharat 3.0% a year; peer average 6.1% a year).

India Cements vs UltraTech Cement: how do they compare?

In FY26, India Cements earned net profit of ₹67.3 crore on revenue of ₹4,485 crore, against ₹8,166 crore on ₹88,512 crore for UltraTech Cement. India Cements' operating margin was 2.2% (UltraTech Cement 14.0%) and its return on equity −0.7% (UltraTech Cement 11.1%). At the 29 October 2026 close, India Cements' market capitalisation was ₹9,305 crore against ₹3,29,305 crore for UltraTech Cement.

Where do these India Cements figures come from?

From India Cements' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.