India Cements Ltd. (IN:INDIACEM)
:INDIACEM
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India Cements Ltd.
(INDIACEM)
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Rating:52Neutral
Price Target:
₹379.00
▼(-14.97% Downside)
Action:Reiterated
Date:04/28/26
The score is held back primarily by weak financial performance—ongoing net losses and negative operating/free cash flow despite balance-sheet deleveraging. Offsetting this, technical indicators show solid upward momentum with the price trading above key moving averages, while valuation remains unattractive/unclear given negative earnings and no dividend yield data.
Positive Factors
Deleveraged balance sheet
Significant deleveraging materially improves balance-sheet resilience. Lower gross debt reduces refinancing pressure and interest-cost risk, giving management capacity to fund maintenance capex or strategic investments and better withstand cyclical downturns over the medium term.
Negative Factors
Negative operating & free cash flow
Persistent negative operating and free cash flow undermines internal funding for working capital and capex, increasing reliance on external financing. Over multiple years this weakens financial flexibility, elevates liquidity and refinancing risks, and limits strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraged balance sheet
Significant deleveraging materially improves balance-sheet resilience. Lower gross debt reduces refinancing pressure and interest-cost risk, giving management capacity to fund maintenance capex or strategic investments and better withstand cyclical downturns over the medium term.
Read all positive factors
India Cements Ltd. (INDIACEM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹117.62B
Dividend YieldN/A
Average Volume (3M)25.58K
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue Growth6.86%
EPS Growth53.19%
CountryIN
Employees1,875
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)-2.18
Shares Outstanding309,897,220
10 Day Avg. Volume20,447
30 Day Avg. Volume25,576
Financial Highlights & Ratios
PEG Ratio3.09
Price to Book (P/B)1.64
Price to Sales (P/S)3.70
P/FCF Ratio-66.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)16.9
Revenue Forecast (FY)₹54.62B
India Cements Ltd. Business Overview & Revenue Model
Company Description
Established in 1946 and headquartered in Chennai, India, The India Cements Limited is a key player in the Indian market, primarily engaged in the production and sale of cement and related building materials. The company's diverse product range fea...
How the Company Makes Money
India Cements makes money mainly by producing and selling cement (and related cement products) to (1) trade customers such as dealers, distributors, and retailers, and (2) institutional/bulk customers such as builders, contractors, and infrastruct...
India Cements Ltd. Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 44.85B | 41.49B | 49.98B | 56.08B | 48.58B |
| Gross Profit | 34.90B | 14.59B | 20.84B | 19.07B | 23.54B |
| EBITDA | 3.35B | -4.81B | -232.65M | -1.42B | 4.78B |
| Net Income | -672.50M | -1.44B | -2.27B | -1.27B | 784.63M |
Balance Sheet | |||||
| Total Assets | 134.03B | 138.30B | 107.01B | 114.67B | 120.43B |
| Cash, Cash Equivalents and Short-Term Investments | 625.50M | 1.05B | 852.50M | 688.40M | 502.53M |
| Total Debt | 13.05B | 11.65B | 26.18B | 29.45B | 30.91B |
| Total Liabilities | 32.79B | 36.34B | 51.01B | 56.40B | 60.20B |
| Stockholders Equity | 101.24B | 101.94B | 55.75B | 57.76B | 59.47B |
Cash Flow | |||||
| Free Cash Flow | -2.49B | -3.19B | 2.17B | -771.30M | 2.71B |
| Operating Cash Flow | -267.40M | -2.56B | 3.44B | -194.60M | 4.39B |
| Investing Cash Flow | -1.03B | 20.15B | 2.48B | 4.35B | -2.50B |
| Financing Cash Flow | 403.30M | -17.38B | -5.72B | -3.97B | -1.83B |
India Cements Ltd. Technical Analysis
Negative
445.75
Price Trends
396.48
Negative
399.61
Negative
404.92
Negative
Market Momentum
-3.63
Positive
46.38
Neutral
29.79
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 383.49, above the 50-day MA of 396.48, and above the 200-day MA of 404.92, indicating a bearish trend. The MACD of -3.63 indicates Positive momentum. The RSI at 46.38 is Neutral, neither overbought nor oversold. The STOCH value of 29.79 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹85.38B | 21.82 | ― | 0.45% | 19.38% | 132.69% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹110.38B | 31.19 | ― | ― | 9.48% | 1545.41% | |
56 Neutral | ₹74.38B | 18.09 | ― | 0.82% | 9.20% | 33.12% | |
56 Neutral | ₹176.49B | -15.23 | ― | ― | ― | ― | |
54 Neutral | ₹207.29B | 30.91 | ― | 0.19% | 5.99% | 156.27% | |
52 Neutral | ₹117.62B | -175.47 | ― | ― | 6.86% | 53.19% |
* Basic Materials Sector Average
IN:INDIACEM
India Cements Ltd.
384.00
49.05
14.64%
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IN:JSWCEMENT
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India Cements Ltd. Corporate Events
India Cements and UltraTech Cement Release Q4 FY26 Earnings Call Transcripts
May 2, 2026
India Cements Ltd. has notified the stock exchanges that it has released the transcript of its earnings call held on 27 April 2026, covering the audited financial results for the quarter and year ended 31 March 2026. The company has made this tran...
India Cements Releases Investor Presentation on FY26 Performance
Apr 25, 2026
India Cements has circulated an investor presentation covering its audited financial performance for the quarter and full year ended 31 March 2026, following the release of its results on the same date. The presentation, shared with domestic and i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.