India Cements Ltd. (INDIACEM) AI Stock Analysis

• Market Cap: ₹110.80B
• Dividend Yield: N/A
• Average Volume (3M): 25.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.08
• Revenue Growth: -4.25%
• EPS Growth: N/A
• Country: IN
• Employees: 1,875
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): -0.09
• Shares Outstanding: 309,897,220
• 10 Day Avg. Volume: 20,447
• 30 Day Avg. Volume: 25,576
• PEG Ratio: 1.65
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 2.10
• P/FCF Ratio: -27.33
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 14.48
• Revenue Forecast (FY): ₹54.27B

• Rating: 48 Neutral
• Price Target: ₹353.00 ▼(-20.81% Downside)
• Action: Reiterated Date: 12/05/25
• Date: Action: Reiterated 12/05/25

India Cements Ltd. faces significant financial and valuation challenges, with declining revenues and profitability, and an extremely high P/E ratio suggesting overvaluation. While technical indicators show some positive trends, the overall financial health and valuation concerns weigh heavily on the stock's attractiveness.

Positive Factors

Improving leverage profile

An improving debt-to-equity ratio and stable equity share indicate the company has reduced leverage over time, which materially improves financial flexibility. This durable progress lowers refinancing risk, gives capacity for capex or cycle support, and strengthens creditor confidence.

Negative Factors

Negative operating cash flow

Persistent negative operating cash flow and falling free cash flow are structural concerns: they constrain the firm's ability to service debt, fund maintenance and growth capex, and sustain operations through cyclical downturns without external financing or asset sales.

India Cements Ltd. Business Overview & Revenue Model

Company Description

The India Cements Limited produces and sells cement and cement related products in India. It offers cement and allied products under the Sankar Super Power, Coromandel King, and Raasi Gold brands, as well as the Coromandel White and Coromandel Sup...

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The India Cements Limited produces and sells cement and cement related products in India. It offers cement and allied products under the Sankar Super Power, Coromandel King, and Raasi Gold brands, as well as the Coromandel White and Coromandel Sup...

How the Company Makes Money

India Cements primarily makes money by manufacturing cement (and related intermediate products such as clinker) and selling these products in its operating markets. Its core revenue stream is the sale of cement under its brands to (1) trade custom...

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India Cements primarily makes money by manufacturing cement (and related intermediate products such as clinker) and selling these products in its operating markets. Its core revenue stream is the sale of cement under its brands to (1) trade custom...

India Cements Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	42.80B	41.49B	49.98B	56.08B	48.58B	45.11B
Gross Profit	13.08B	14.59B	20.84B	19.07B	23.54B	25.18B
EBITDA	-359.79M	-4.81B	-232.65M	-1.42B	4.78B	7.76B
Net Income	128.92M	-1.44B	-2.27B	-1.27B	784.63M	2.07B
Balance Sheet
Total Assets	136.63B	138.30B	107.01B	114.67B	120.43B	110.90B
Cash, Cash Equivalents and Short-Term Investments	653.80M	1.05B	852.50M	688.40M	502.53M	419.60M
Total Debt	13.40B	11.65B	26.18B	29.45B	30.91B	30.39B
Total Liabilities	35.90B	36.34B	51.01B	56.40B	60.20B	53.18B
Stockholders Equity	100.73B	101.94B	55.75B	57.76B	59.47B	57.07B
Cash Flow
Free Cash Flow	-2.52B	-3.19B	2.17B	-771.30M	2.71B	8.81B
Operating Cash Flow	-1.95B	-2.56B	3.44B	-194.60M	4.39B	10.46B
Investing Cash Flow	71.30M	20.15B	2.48B	4.35B	-2.50B	-1.89B
Financing Cash Flow	1.23B	-17.38B	-5.72B	-3.97B	-1.83B	-8.60B

India Cements Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 445.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDIACEM, the sentiment is Negative. The current price of 445.75 is above the 20-day moving average (MA) of 363.48, above the 50-day MA of 410.87, and above the 200-day MA of 393.61, indicating a bearish trend. The MACD of -16.21 indicates Negative momentum. The RSI at 39.34 is Neutral, neither overbought nor oversold. The STOCH value of 36.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INDIACEM.

India Cements Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
JKLAKSHMI	61 Neutral	₹73.16B	42.43	―	0.82%	6.13%	31.60%
BIRLACORPN	59 Neutral	₹68.65B	38.81	―	0.92%	6.82%	60.64%
STARCEMENT	58 Neutral	₹83.81B	30.41	―	0.45%	18.13%	52.87%
NUVOCO	55 Neutral	₹104.54B	64.48	―	―	5.09%	458.10%
INDIACEM	48 Neutral	₹110.80B	-1,262.95	―	―	-4.25%	―
SANGHIIND	44 Neutral	₹12.96B	-3.63	―	―	32.54%	19.65%

India Cements Ltd. Corporate Events