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    The India Cements Limited

    South India cement maker with 9 plants (14.75 MTPA capacity); now a subsidiary of UltraTech Cement.

    Construction Materials
    Commodities
    View INDIACEM earnings calls
    ₹410.3
    +5.55% from avg

    Overview

    Price

    ₹410.3

    Market Cap

    ₹12.7k Cr

    Sector

    Construction Materials

    Commodities

    Rank

    4

    Performance

    Explore INDIACEM

    Promise TrackerConcall Analysis

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital310310310310310310310310
    Reserves5.2k5.4k5.6k5.5k5.3k9.9k9.8k9.8k
    Borrowings3.6k3.1k3.1k2.9k2.6k1.2k1.3k1.3k
    Other Liabilities2.6k2.3k3.0k2.7k2.5k2.5k2.3k2.0k
    Total Liabilities11.7k11.1k12.0k11.5k10.7k13.9k13.7k13.4k
    AssetsFixed Assets7.2k7.1k7.1k6.8k6.9k11.6k11.3k11.2k
    CWIP235300386313190177214344
    Investments38238140833431912011883
    Other Assets3.8k3.3k4.1k4.0k3.3k1.9k2.0k1.8k
    Total Assets11.7k11.1k12.0k11.5k10.7k13.9k13.7k13.4k

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    INDIACEM · CAPITAL_INTENSIVE

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