India Cements enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


9,305	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
10.1	15.7	104	85.3	68.8
0.0	0.0	2.1	24.6	50.5
1,305	1,305	1,165	2,618	2,940
10,599	—	—	—	—
1,295	1,289	1,061	2,533	2,871
₹342.03	—	—	—	—

11,494	11,429	11,361	8,218	8,766
11.4%	11.4%	10.3%	31.9%	33.5%
0.12×	—	—	—	—

2.35×	—	—	—	—
19.92×	—	—	—	—
44.53×	—	—	—	—
4,504	4,485	4,149	5,112	5,608
532	397	−382	99.0	−143
238	97.4	−622	−127	−362
—	−26.7	−256	344	−19.5
−249	−249	−319	217	−77.1
—	−249	−411	173	−198
—	223	62.4	127	57.7

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

alphave

INDIACEM₹300.25

India Cements Ltd.

· Infrastructure

₹ CrorePeersULTRACEMCO RAMCOCEM DALBHARAT NUVOCO JSWCEMENT JKCEMENT ACC BIRLACORPNMcap ₹9,305 Cr

HighlightsEnterprise Value Multiples Per 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	—	—	—	—	9,304.7
- Cash, Equiv & ST Investments	68.8	85.3	104.2	15.7	10.1
+ Minority Interest	50.5	24.6	2.1	0.0	0.0
+ Total Debt	2,939.5	2,618.2	1,165.2	1,304.8	1,304.8
Enterprise Value	—	—	—	—	10,599.4
Net Debt (memo)	2,870.7	2,533.0	1,061.0	1,289.1	1,294.7
EV per Share	—	—	—	—	342.03

Total Capital	8,766.3	8,217.5	11,361.4	11,429.1	11,494.1
Total Debt/Total Capital	33.53	31.86	10.26	11.42	11.35
Total Debt/EV	—	—	—	—	0.12

EV/Sales	—	—	—	—	2.35
EV/EBITDA	—	—	—	—	19.92
EV/EBIT	—	—	—	—	44.53
Reference Items — Trailing FY Values
Sales	5,608.1	5,112.2	4,148.8	4,484.7	4,504.4
EBITDA	-143.1	99.0	-382.2	396.5	532.2
EBIT	-362.4	-126.6	-621.7	97.4	238.0
Operating Cash Flow	-19.5	343.9	-256.2	-26.7	—
Free Cash Flow	-77.1	216.6	-318.7	-249.4	-249.4
FCFF (free cash flow to the firm)	-197.6	173.1	-411.2	-249.4	—
Capital Expenditure	57.7	127.3	62.4	222.7	—

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%.