India Cements Ltd.
NSE: INDIACEMNIFTY500
Analyst consensus:Neutral· 4 analysts
₹381.85+24.7%1Y
Last updated 02:58:35 IST· Public market feed (~15 min delay during market hours)
India Cements Ltd.: A 30-second snapshot
India Cements trades at ₹395.25 with a forward PE of 23.53, carrying a debt-to-equity ratio of 12.89 and currently reporting a negative ROE of -0.66% and profit margin of -1.5%. The stock is up 27% over 12 months but has declined 12.68% over the past 3 months and sits below its 200-DMA of ₹402.54.
P/E
—
Forward P/E
23.5
ROE
-0.7%
Debt / Equity
12.89
Profit Margin
-1.5%
Div. Yield
—
5Y ROE > 15%
0/5
5Y FCF > 0
1/5
Quality
32/100
Recent context
- ·No news articles were returned for INDIACEM in the current data pull; news sentiment is absent rather than genuinely neutral, and external news sources should be consulted for recent developments.
- ·The cement sector context shows peers trading at PE multiples ranging from 11.9 (ACC) to 51.5 (SHREECEM); INDIACEM has no trailing PE due to negative earnings but carries a forward PE of 23.53, implying consensus expectation of a return to profitability.
- ·Debt is flagged as on a falling trend in persistence data; the UltraTech Cement acquisition of India Cements (completed 2024-25) is relevant background for understanding the current balance-sheet structure and any metric discontinuities post-transaction.
Strengths
- +Revenue has grown at a 5-year CAGR of 2.6%, and the reported 5-year earnings growth figure of 276.4% reflects a recovery from a low base, with debt trending downward per persistence data.
- +Price is above the 50-DMA of ₹386.63, and the 52-week drawdown of 18.64% is contained relative to the 27% 1-year gain, suggesting the stock remains above its 52-week lows.
- +D/E, while elevated at 12.89, is on a falling trend per the persistence data, indicating gradual deleveraging is underway.
- +Quality score of 43 ranks highest among the 6 cement peers tracked (GRASIM 41, SHREECEM 39, ACC 35, AMBUJACEM 32, ULTRACEMCO 31), reflecting relative positioning within the sector.
Weaknesses
- −D/E of 12.89 is extreme for an industrial manufacturer; peer ULTRACEMCO and AMBUJACEM operate at significantly lower leverage, making India Cements an outlier on balance-sheet risk.
- −The company is currently loss-making: ROE of -0.66% and profit margin of -1.5% mean equity is being eroded rather than compounded; ROE has been above 15% in 0 of the tracked years.
- −Free cash flow has been positive in only 1 of available years, and the 5-year consistency score of 5 reflects near-total absence of sustained profitability or cash generation over the medium term.
- −Price has declined 12.68% over 3 months and sits below the 200-DMA of ₹402.54; analyst mean rating of 3.25 across 4 analysts (1–5 scale, lower = more constructive) sits in the middle of the scale with thin sell-side coverage.
Open questions
- ?Does the falling debt trend represent organic deleveraging or balance-sheet restructuring related to the UltraTech acquisition, and what is the expected trajectory of D/E over the next 2-3 years?
- ?The forward PE of 23.53 implies a return to profitability — what is the earnings recovery assumption embedded in that multiple, and how sensitive is that multiple to a delay in margin recovery?
- ?Given that quality score ranks 1st among peers despite negative ROE, how does India Cements compare to sector peers on operational metrics such as capacity utilisation, energy cost per tonne, and EBITDA per tonne?
- ?With FCF positive in only 1 of available years, how is the company funding its debt service obligations, and is there a risk of equity dilution or further asset sales to manage the balance sheet?
Peer comparison: Cement
Ranks 1 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| INDIACEM | India Cements Ltd.You're viewing | — | -0.7% | 43 |
| Industry avg | across 5 peers | 34.5 | +9.9% | 36 |
| GRASIM | Grasim Industries Ltd. | 44.0 | — | 41 |
| SHREECEM | Shree Cement Ltd. | 51.5 | — | 39 |
| ACC | ACC Ltd. | 11.9 | +10.9% | 35 |
| AMBUJACEM | Ambuja Cements Ltd. | 22.7 | +8.3% | 32 |
| ULTRACEMCO | UltraTech Cement Ltd. | 42.1 | +10.6% | 31 |
Technical state
Current price
₹395.25
SMA 50
₹386.63
SMA 200
₹402.54
RSI (14)
48.0 (neutral)
From 52w high
-18.6%
1Y return
+27.0%
3M return
-12.7%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
₹385.00
₹344.60
₹342.35
Algorithmic resistance levels
₹451.35
₹469.90
₹475.00
Risk flags
- highDebt-to-equity ratio of 12.89 is extremely elevated for a non-financial industrial company; sector peers ULTRACEMCO and AMBUJACEM carry D/E well below 1.
- highCurrent ROE of -0.66% and profit margin of -1.5% indicate the company is loss-making on both return and margin bases as of the latest reported period.
- highFCF positive in only 1 of available years; ROE above 15% in 0 of available years; 5-year consistency score of 5/100 — fundamental quality persistence is very low.
- mediumPrice of ₹395.25 is below the 200-DMA of ₹402.54 and has declined 12.68% over the past 3 months, representing a near-term deterioration in price trend.
- lowNews section returned 0 articles; sentiment is based on no data and should be treated as absent rather than neutral.
Cross-section contradictions
- Quality score of 43 ranks INDIACEM 1st of 6 cement peers, yet the company posts negative ROE (-0.66%) and negative profit margin (-1.5%) in the current period — the ranking reflects relative positioning among a weak peer group rather than absolute fundamental strength.
- 1-year price change of +27.03% contrasts with a 12.68% decline over the past 3 months and a price now below the 200-DMA, suggesting the longer-term gain has partially reversed in recent months.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 12 May 2026 · rotates through NIFTY 500 every ~5 days