India Cements

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• DebtHighest safetyRated AAA by CARE.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 2.2% and profit rose 333% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters sellingThe promoters (founders or parent) own 75%, down from 76% in Sep 2025.
• ValuationNormal for this stockThe share trades at 59 times its yearly earnings (P/E), cheaper than 59% of the time in the last 5 years. Its usual P/E is about 31.

India Cements against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)59 against a typical 30: pricier than most peers (1st = cheapest).34th of 40
• Sales growth+2.2% against a typical +9.4% from a year earlier.29th of 37
• Profit growth+333.3% against a typical −31.3% from a year earlier.1st of 28
• Share price, 3 months−24.1% against a typical −13.2%.35th of 39
• Size₹ 9,635 Cr. market value against a typical ₹ 686.3 Cr. (1st = largest).8th of 32

Exchange filings and their impact on the company.

• 17 Oct 2026Outcome of Board MeetingMedium impactPositivePrice −2.6% on 19 Oct
  Q2 profit more than doubled YoY with margins up to 12.7%, confirming turnaround momentum.

  India Cements reported Q2 FY27 standalone revenue of Rs 1,142 crore, up 2.2% from last year, and net profit of Rs 38.9 crore versus Rs 14.9 crore last year. Operating margin improved to 12.7% from 7.3% and half-year profit of Rs 65.5 crore already matched last full year's profit. Borrowings rose to Rs 1,621 crore as the company spent Rs 633 crore on plant expansion, with work-in-progress rising to Rs 952 crore.

  Full analysisFiling
• 15 Oct 2026AcquisitionLow impactPositivePrice +1.7% on 16 Oct
  India Cements takes small 3.62% stake in renewable SPV for captive green power to trim energy costs.

  India Cements has signed an energy supply and share subscription agreement to acquire 3.62% equity in Zenataris Renewable Energy Private Limited, a renewable power generator. The stake is to meet green energy needs, optimise energy costs and meet captive power norms. No investment amount was disclosed, and the near-term financial impact is expected to be small.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.