Top 10 Cement Stocks in India : Best Cement Companies to Invest

Cement industry forms an integral part of the development sector in India and constitutes a core element in the construction industry including residential and infrastructure development. Right from building and construction to Engineering, Cement finds a very significant place as it comes under the basic infrastructure industry of the country thus has a very steady demand. The positive government policies like the National Infrastructure Pipeline (NIP) and the Pradhan Mantri Awas Yojana (PMAY) strengthen the construction business. There are positive signs ahead for the cement industry.. If you are interested in investment planning to find out the best cement stocks in India and invest in the financial year 2024, then, this article will be beneficial for you.

What are cement stocks ?

Cement stocks are equities in companies that deal in cement and other related products essential in the construction fraternity.

Largest cement producers manufacture and deliver cement for constructions of buildings, bridges, roads, dams and many others.

Therefore the NSE cement stock list gives the investors a chance to reap from the increase in demand products such as cement in India.

top 10 cement stocks in india

In this article we list top 10 cement stocks in india in terms of market capitalization or net worth in India.

1. UltraTech Cement Ltd

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UltraTech Cement was established back in 1983 and is a participant of the Aditya Birla Group, which is a global player in the commodities and mining sector dealing with cement, zinc, alumina, and copper business in the country; currently, the organization is the largest manufacturer of gray cement and ready mix concrete as well as white cement in India. The company is extended across several countries and especially in South Asian countries in particular it operates in India. It can be said that this is the best cement stock in India according to the chosen parameters on the Ticker Tape Stock Screener.

Currently, UltraTech Cement Ltd has the market capitalisation of Rs. 335,627.16 crore with the stock of Rs. 11,645.65. This means the company has a price to earning ratio of 47.91. Its net income for the recent quarter is Rs. 1,696.60 cr and debt equity is 18.92 %. UltraTech has given an ROI of 34.98% in just one year and 5 years average net profit margin is 11.37%.

2. Ambuja Cements Ltd

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Ambuja Cements Ltd was founded in 1983 and is ranked among the top leading cement making companies in India. It is a member of Holcim Group, committed to the manufacturing and supply of high-quality cement and enjoys a strong network of presence throughout the country.

Analyzing the company we have the Detailed information:

Market Capitalisation : Rs. 153,452.59 cr, close price Rs. 623.00. The PE ratio of Ambuja Cements is 42.90 and Net Income of the most recent quarter was Rs. 646.31Cr It has got a low Debt Equity ratio of 1.37 % . The 1-year return is 42.68%, 5-year average net profit margin is 8.39%.

3. Shree Cement Ltd

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Shree Cement Ltd., incorporated in 1979, is a cement manufacturer and one of the leaders in the country. Captive power plants for the company take up in power generation and sales.

The company has a market cap amount standing at Rs. 91,778.96 cr. and a close of Rs. 25,437.10. For the most recent quarter, it had a PE ratio of 38.31 and reported a net income of Rs. 278.61 cr. Debt to Equity ratio is 7.98%. Shree Cement average net profit margin for last 5 years is 12.26%, and their 1 year bad return is -3.62%.

4. ACC Ltd

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ACC Ltd was incorporated in 1936 and is among India’s oldest and most established cement and building material companies. It is under the aegis of Adani Group manufacturing cement and concrete.

Market Cap of ACC Ltd stands at Rs. 47,072.63 cr. and the closing price was Rs. 2,506.70. Its PE ratio is 20.15. Rs. 361.36 cr is the net income for the last quarter and 2.17% its debt to equity ratio. The Company’s 1 year return is 24.92%.

5. RHI Magnesita India Ltd

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RHI Magnesita India Ltd is a manufacturer of refractory materials — critical to a range of high temperature industrial processes. The company was established in 1908 and is a part of global RHI Magnesita Group.

RHI Magnesita India Ltd has a market value of Rs. 12,205.27 cr and closing price of Rs. 591.05. In recent performance, the company has losses and therefore, currently, it has a negative PE ratio of -121.49. The recent quarter has its net income for Rs. 72.87 cr. with a debt to equity ratio of 12.65%. Its 1 year return is -22.21% return and its 5 year average net profit margin is 2.67%.

6. Star Cement Ltd

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Star Cement Ltd was established in the year 2001 and predominantly works in the Northeastern part of India providing high end cement for the area. The company is present in India and exports its product to nearby countries in the cement industry.

Today, market cap of Star Cement Ltd stands at Rs. 8,708.88 cr. and the close price is Rs. 215.47. The PE ratio of the stock is 29.51 and quarterly net income Rs. 31.03 cr. Debt to equity ratio 5.42% and its 1 return is 34%. The company’s Net Profit Margin (5yr average) has been 11.18%.

7. Orient Cement Ltd

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Orient Cement Ltd is a part of the CK Birla Group and was established in 1979 to produce cement in various sectors including residential, commercial and industrial facilities.

Orient Cement Ltd marked a market capitalisation of Rs. 5,940.17 cr and had a close price of Rs. 289.95 per unit. In the latest quarter the company’s net income is Rs. 36.72 cr. with PE ratio of 33.97. It sports a 9.73 percent debt to equity ratio. The company has a 5 year average net profit margin of 5.83% and the stock has had a 1 year return of 62.80%.

8. HeidelbergCement India Ltd

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HeidelbergCement India Ltd is a subsidiary of HeidelbergCement Group, the world’s 4th largest building materials company. Set up in 1958 it operates primarily in central India.

His market cap of Rs. 5,382.06 cr. and a closing price of Rs. 237.50, HeidelbergCement India Ltd is currently listed on exchanges. Companies like this have a PE ratio of 32.08 and net income of Rs. 39.90 cr. during the quarter. 9.32% is the debt to equity ratio. Stock has returned 26.10% over the past year and 5 year average net profit margin stands at 9.73%.

9. Ramco Industries Ltd

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Ramco Industries Ltd is a member of the Ramco Group of companies and was founded in 1967; the company specializes in the manufacture of building products such as fibre cement roofing sheets. The firm also specializes in the wind energy field.

The market capitalization of the firm is at Rs. 2,106.60 cr with a closing price at Rs. 242.67. The company has a PE ratio of 19.93; the net income for the latest quarter is 39.41 cr; the firm’s debt-equity is 5.95. Currently it has marked 1-year return at 33.01% and on average the financial firms reported a 5-year average net profit margin 15.03%.

10. Shree Digvijay Cement Co Ltd

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Shree Digvijay Cement Co Ltd was started in the year 1944 and it is a cement producing company that deals in a number of cement products both for domestic and export markets. This firm mainly embodies concern for quality and product longevity, not to mention its rather significant experience.

Shree Digvijay Cement Co Ltd today has the market capitalisation of Rs. 1,458.30 cr. and a closing stock price of Rs. 98.93. The pe ratio is 16.61 and the latest net income is Rs 11.28 cr. The debt to equity ratio is grossed zero point one percent, which in accuracy can be rounded to zero. For one-year return, the rate for the stock is 9.74% while the average net profit margin for the firm over the last five years is 10.03%.

best cement stocks in india

Cement Stock Name	Market Cap (Rs. in cr.)	Close Price (Rs.)	PE Ratio	Net Income (Q) (Rs. in cr.)	Debt-to- Equity (%)
Ultratech Cement	335,627.16	11,645.65	47.91	1,696.60	18.92
Ambuja Cement	153,452.59	623	42.9	646.31	1.37
Shree Cement	91,778.96	25,437.10	38.31	278.61	7.98
ACC	47,072.63	2,506.70	20.15	361.36	2.17
RHI Magnesita India	12,205.27	591.05	-121.49	72.87	12.65
Star Cement	8,708.88	215.47	29.51	31.03	5.42
Orient Cement	5,940.17	289.95	33.97	36.72	9.73
Heidelberg India	5,382.06	237.5	32.08	39.9	9.32
Ramco Industries	2,106.60	242.67	19.93	39.41	5.95
Shri Digvijay Cement	1,458.30	98.93	16.61	11.28	0.01

Cement stocks in India

Cement industries in India are responsible for providing infrastructure facilities of Indian soil at various levels aimed towards development. Here are some key points relevant to the cement sector from your document:

Growth and Demand: Presently, India ranks second in terms of cement production capacity and has approximately 8 percent share of world installed cement capacity. India cement demand outlook is 419.92 million tonnes (MT) by the fiscal year 2026-27 due to housing, commercial construction and infrastructure projects.
Market Structure: The structure of cement industry in India is highly un-consolidated with a large number of small and medium manufacturers along with big giants. 97.6% of the sector is controlled by private players presenting that 70% of the total production comes from the last 20 companies only.
Environmental Impact: The cement industry is one of the largest producers of greenhouse gas emissions and it accounts for 7% global emissions. The sector is now being driven by sustainability and inventions with environmentally correct practices.

Currently, the industry comprises numerous small and medium cement players along with large multinationals in India. Cement company stocks may offer investors a way to tap into a major area of the economy and long-term growth as global demand for structures, construction equipment and other concrete related products continue to expand. In the following section, an evaluation of government activities in the Indian cement industry shall be presented.

How to identify the best cement stocks in India

It is possible that there are opportunities of growth in the cement industry of India due to infrastructure advancement and urbanization. To identify the best cement stocks, you can consider the following factors:

Demand and Growth Potential

India’s cement market barges Island may step-up owing to large infrastructure projects. Initiatives like smart city and affordable housing could bolster the most popular cement stocks in India as characterized by the following. That said, green cement stocks in India may also increase its popularity with investors as there is increasing concern over the environment.

Financial Health

First of all, the company has to demonstrate relatively strong financial performance. When it comes to analysis of cement companies one can look for such parameters of the companies as revenues, marginal profits, and deleveraging. It might be easier for you to get details about stock ‘s future with reference to cement share price target for the year 2024. The information on the top 5 best cement in India may also assist in other decision making in investing.

Market Position and Brand Strength

Since it is always advisable to have the product marketed in an identified position within the market, quick determination of the target market and establishment of a strong brand will help position the product strategically within the market.

Symbols and price of leading cement in India are usually top ranked and mainly they are stronger companies based on credibility. The overall ranking of cement players compared to rest of the companies of India show that those companies who have developed trust of customers have strong upward running stock of their shares. Probably an analysis of no 1 cement brands of India may help to understand the concept of market domination.

Quantitative measure Of sustainability and environmental impact.

As sustainability climbs its way to the list of priorities in construction, green cement stocks are rising. Perhaps information and awareness about the best-positioned company or companies that have established environmentally friendly cement manufacturing plants may soon lead to the favoring of these as some of the top 5 cement stocks in India for the future growth.

For whom can a cement firm listed in NSE can be invested?

Consequently, cement stocks could be interesting for any investor with diverse aims and varying tolerance to risk. Here are key personas who might consider these investments:

Long-Term Investors

Cement stocks may be interesting for long-term investment as it increases the probability of board growth within a cyclically relevant but irreplaceable niche. Some of the firms in the list of top 10 cement companies in India may provide investors stability and future returns.

Risk-Tolerant Investors

However, encouraging targets for cement share price for the year 2024 may be appealing to the risk takers investors. The cement stocks list of India’s no 1 cement stocks may offer high returns, but that comes with market fluctuations.

Investors With focus on Sustainability

If you have an interest in environmental conservation then green cement stocks in India could attract you because firms embrace the formulation of sustainable products. Such stocks may fit your concern towards sustainable investment.

Dividend-Seeking Investors

Large cement companies commonly declare normal dividend rates due to firm financial statements. If you are seeking regular returns, you could possibly consider India’s best 5 cement firms that offer good dividends.

Infrastructure-Selective Investors

Cement stocks are well correlated for those who are interested in infrastructure expansion. Large projects in India could benefit the Top 5 cement stock and such stocks could well fit into infrastructure investment portfolios.

Growth-Oriented Investors

If you are searching for future growth by means of capital gains, you can also invest in top 5 cement players in India including their growing market shares and demands for infrastructure.

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