India Cements Ltd, founded in 1946 by S. N. N. Sankaralinga Iyer, is a leading cement manufacturer based in Chennai, Tamil Nadu. The company established its first plant in Thalaiyuthu in 1949 and has since expanded to become the 9th largest listed cement company in India by revenue. With seven integrated cement plants across Tamil Nadu, Telangana, Andhra Pradesh, and a plant in Rajasthan through its subsidiary, Trinetra Cement Ltd., as well as two grinding units in Tamil Nadu and Maharashtra, India Cements maintains a strong operational footprint. The company markets its products under popular brands like Sankar Cement, Coromandel Cement, and Raasi Gold, and holds a leading market share of 28% in South India, supported by a vast distribution network of over 10,000 stockists.
Under the dynamic leadership of N. Srinivasan, a notable figure in both corporate and sports circles, India Cements has continued to grow and diversify. Srinivasan has played a crucial role in expanding the company’s influence while also serving as chairman of the International Cricket Council and president of the Board of Control for Cricket in India. The company also has a strong connection with sports, having owned the Chennai Super Kings IPL franchise from 2008 to 2015, when ownership was transferred to Chennai Super Kings Cricket Ltd. With its strategic expansion, diverse product offerings, and strong market presence, India Cements Ltd has cemented its position as a key player in the Indian cement industry, particularly in South India.
Latest News on India Cements Ltd
In a significant development, N. Srinivasan and his family have sold their 32.72% stake in India Cements Ltd to UltraTech Cement for ₹3,954 crore, marking the end of Srinivasan’s long-standing association with the company since its inception in 1946. This stake sale represents a major shift in India Cements’ ownership and could impact its future direction, given Srinivasan’s influential role in the company’s growth over the decades. Additionally, India Cements has made several recent regulatory announcements, including details about the loss of certificates and related disclosures in newspaper publications under Regulation 30 (Listing Obligations and Disclosure Requirements, LODR), highlighting its ongoing compliance and transparency with market regulations.
Shareholding Patterns of India Cements Ltd
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 28.42% | 28.42% | 28.42% | 28.42% | 28.42% |
| FIIs + | 13.65% | 13.43% | 13.58% | 13.27% | 17.64% |
| DIIs + | 9.43% | 10.04% | 8.94% | 8.47% | 5.84% |
| Public + | 48.52% | 48.12% | 49.06% | 49.83% | 48.08% |
| No. of Shareholders | 1,94,254 | 1,85,758 | 1,96,426 | 2,06,667 | 2,11,262 |
The shareholding pattern of India Cements Ltd has experienced some notable changes between June 2023 and June 2024. Throughout this period, the Promoters maintained a consistent stake of 28.42%, indicating no change in their ownership level. However, the stake held by Foreign Institutional Investors (FIIs) saw fluctuations, starting at 13.65% in June 2023, slightly declining to 13.43% in September, and then rising to 13.58% in December. By March 2024, it fell to 13.27% before increasing sharply to 17.64% in June 2024, reflecting growing foreign interest in the latter part of the year. Meanwhile, the stake of Domestic Institutional Investors (DIIs) showed a downward trend, moving from 9.43% in June 2023 to 5.84% in June 2024, suggesting a potential shift in domestic investment strategies.
Public shareholding demonstrated minor fluctuations, beginning at 48.52% in June 2023, decreasing to 48.12% in September, then increasing to 49.06% in December, peaking at 49.83% in March 2024, and finally settling at 48.08% in June 2024. The overall number of shareholders also grew, from 1,94,254 in June 2023 to 2,11,262 in June 2024, indicating a broadening investor base. These changes in shareholding patterns reflect dynamic movements in investor interest and confidence across various segments, with FIIs showing increased engagement while DIIs reduced their holdings over the year.
How to purchase India Cements Ltd shares?
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- Zerodha
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- Groww
- AngelOne
- ICICIDirect
Share Price Prediction of India Cements Ltd: 2024 to 2030
India Cements Share Price Target 2024
| When | Maximum Price | Minimum Price |
| September 2024 | 380.75 | 331.09 |
| October 2024 | 376.98 | 327.81 |
| November 2024 | 392.06 | 340.92 |
| December 2024 | 395.98 | 344.33 |
In September 2024, India Cements is expected to see its share price reach a maximum of ₹380.75, with the minimum projected around ₹331.09. Moving towards December 2024, the share price of India Cements may further increase, with a maximum anticipated at ₹395.98 and a minimum at ₹344.33.
India Cements Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 399.94 | 307.65 |
| February 2025 | 403.98 | 310.76 |
| March 2025 | 412.47 | 317.28 |
| April 2025 | 408.38 | 314.14 |
| May 2025 | 396.49 | 304.99 |
| June 2025 | 414.33 | 318.72 |
| July 2025 | 406.21 | 312.47 |
| August 2025 | 418.77 | 322.13 |
| September 2025 | 423.80 | 326.00 |
| October 2025 | 434.81 | 334.47 |
| November 2025 | 445.68 | 342.83 |
| December 2025 | 465.74 | 358.26 |
As we step into January 2025, India Cements is expected to have a share price ranging from ₹307.65 to ₹399.94. By December 2025, the share price is projected to reach a maximum of ₹465.74, with a minimum of ₹358.26.
India Cements Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 479.71 | 369.01 |
| February 2026 | 467.72 | 359.78 |
| March 2026 | 477.07 | 366.98 |
| April 2026 | 486.81 | 374.47 |
| May 2026 | 481.99 | 370.76 |
| June 2026 | 494.04 | 380.03 |
| July 2026 | 484.35 | 372.58 |
| August 2026 | 499.33 | 384.10 |
| September 2026 | 509.32 | 391.78 |
| October 2026 | 522.56 | 401.97 |
| November 2026 | 535.63 | 412.02 |
| December 2026 | 549.02 | 422.32 |
India Cements Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 554.51 | 426.54 |
| February 2027 | 568.72 | 437.48 |
| March 2027 | 590.90 | 454.54 |
| April 2027 | 579.32 | 445.63 |
| May 2027 | 562.45 | 432.65 |
| June 2027 | 587.76 | 452.12 |
| July 2027 | 576.23 | 443.25 |
| August 2027 | 594.05 | 456.96 |
| September 2027 | 614.84 | 472.96 |
| October 2027 | 630.83 | 485.25 |
| November 2027 | 646.60 | 497.39 |
| December 2027 | 662.77 | 509.82 |
India Cements Share Price Prediction 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 676.02 | 520.02 |
| February 2028 | 693.35 | 533.35 |
| March 2028 | 720.40 | 554.15 |
| April 2028 | 706.27 | 543.28 |
| May 2028 | 685.70 | 527.46 |
| June 2028 | 716.56 | 551.20 |
| July 2028 | 702.51 | 540.39 |
| August 2028 | 724.23 | 557.10 |
| September 2028 | 749.58 | 576.60 |
| October 2028 | 769.07 | 591.59 |
| November 2028 | 788.30 | 606.38 |
| December 2028 | 808.00 | 621.54 |
India Cements Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 824.16 | 633.97 |
| February 2029 | 845.30 | 650.23 |
| March 2029 | 878.26 | 675.59 |
| April 2029 | 861.04 | 662.34 |
| May 2029 | 835.96 | 643.05 |
| June 2029 | 873.58 | 671.99 |
| July 2029 | 856.45 | 658.81 |
| August 2029 | 882.94 | 679.19 |
| September 2029 | 913.84 | 702.96 |
| October 2029 | 937.60 | 721.23 |
| November 2029 | 961.04 | 739.26 |
| December 2029 | 985.07 | 757.75 |
India Cements Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 1,004.77 | 772.90 |
| February 2030 | 1,030.53 | 792.72 |
| March 2030 | 1,070.73 | 823.64 |
| April 2030 | 1,049.73 | 807.49 |
| May 2030 | 1,019.16 | 783.97 |
| June 2030 | 1,065.02 | 819.24 |
| July 2030 | 1,044.14 | 803.18 |
| August 2030 | 1,076.43 | 828.02 |
| September 2030 | 1,114.10 | 857.00 |
| October 2030 | 1,143.07 | 879.28 |
| November 2030 | 1,171.65 | 901.27 |
| December 2030 | 1,200.94 | 923.80 |
In January 2030, India Cements is expected to have a share price ranging from ₹772.90 to ₹1,004.77. By December 2030, the share price is projected to reach a maximum of ₹1,200.94, with a minimum of ₹923.80.
Financial Condition of India Cements: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 5,186 | 4,511 | 4,858 | 5,608 | 5,112 | 4,702 |
| Expenses + | 4,588 | 3,715 | 4,373 | 5,749 | 5,008 | 4,636 |
| Operating Profit | 599 | 796 | 486 | -141 | 104 | 66 |
| OPM % | 12% | 18% | 10% | -3% | 2% | 1% |
| Other Income + | 24 | 32 | 23 | 224 | 102 | 356 |
| Interest | 343 | 271 | 198 | 242 | 244 | 268 |
| Depreciation | 256 | 247 | 226 | 219 | 226 | 228 |
| Profit before tax | 24 | 311 | 85 | -378 | -263 | -73 |
| Tax % | -126% | 33% | 23% | -55% | -18% | |
| Net Profit + | 51 | 209 | 87 | -125 | -227 | -81 |
| EPS in Rs | 1.62 | 6.67 | 2.53 | -4.09 | -7.34 | -2.62 |
| Dividend Payout % | 37% | 15% | 40% | -24% | 0% |
The financial trajectory of India Cements Ltd from March 2020 to March 2024 reveals considerable volatility in both revenue generation and profitability. The company’s sales saw a decline from ₹5,186 crore in March 2020 to ₹4,511 crore in March 2021, followed by a recovery to ₹5,608 crore in March 2023, before falling again to ₹5,112 crore in March 2024. However, the expenses remained elevated throughout this period, reaching a peak of ₹5,749 crore in March 2023. This resulted in a mixed operating profit, which turned into a loss of ₹141 crore in March 2023 and improved slightly to a modest profit of ₹104 crore by March 2024. The operating profit margin (OPM) declined sharply from 12% in March 2020 to -3% in March 2023, before a marginal recovery to 2% in March 2024, indicating pressure on profitability due to rising costs.
The net profit of the company has also been on a downward path, shifting from ₹51 crore in March 2020 to a loss of ₹227 crore in March 2024. This trend is mirrored in the earnings per share (EPS), which dropped from ₹1.62 in March 2020 to a negative ₹7.34 in March 2024. While there was a notable increase in other income, particularly in March 2023 at ₹224 crore and ₹356 crore in the trailing twelve months (TTM), this boost was not enough to counterbalance higher interest payments and depreciation costs. The company’s tax rate fluctuated significantly, reflecting adjustments for deferred taxes or certain tax benefits. Additionally, the dividend payout percentage varied over the years and was reduced to 0% in March 2024, suggesting a focus on conserving cash amid challenging market conditions.
FAQS
What is India Cements current share price?
As of September 3rd, 2024, India Cements share price is ₹367.
What is the share price target of India Cements for 2025?
India Cements is expected to reach ₹465.74 by the end of 2025.
What is the share price Prediction of India Cements for 2030?
India Cements is expected to Trade between ₹772.90 to ₹1,200.94 in 2030.
Can India Cements reach ₹1,000 by 2025?
It is unlikely that India Cements will reach ₹1,000 by 2025, as it would require a significant increase in share price.
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Conclusion:
In conclusion, India Cements Ltd has shown resilience despite financial volatility. While its recent profitability has been inconsistent, with operating margins recovering to 2% in March 2024 from a previous low, the company’s strategic expansions and strong market presence in South India provide a solid foundation. Positive projections indicate potential share price growth, with estimates suggesting a range of ₹465.74 by the end of 2025 and up to ₹1,200.94 by 2030.
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