India Cements Live Share Price Today, Share Analysis and Chart

About the company - Business Profile

India Cements Limited is a prominent cement manufacturer in South India, established in 1946. The company is primarily engaged in the manufacture and sale of cement and cement-related products. Following a significant ownership change in late 2024, it became a subsidiary of UltraTech Cement Limited, a flagship company of the Aditya Birla Group. The company maintains a strong market position in the southern states of India, supported by an extensive distribution network and long-standing brand presence.

Key Points

• Key Facts:
  • Founded Year: 1946.
  • Headquarters: Chennai, Tamil Nadu.
  • Parent Company: UltraTech Cement Limited (Aditya Birla Group).
  • Stock Listing: BSE (Scrip Code: 530005) and NSE (Symbol: INDIACEM).
  • Major Products: Ordinary Portland Cement (OPC) and Portland Pozzolana Cement (PPC) under brands like Sankar, Coromandel, and Raasi.
• Operations and Resources:
  • The company operates several integrated cement plants and grinding units across South India and Maharashtra.
  • Key Facilities: Major plants include Sankarnagar (Tamil Nadu), Chilamkur and Yerraguntla (Andhra Pradesh), Vishnupuram and Malkapur (Telangana), and Parli (Maharashtra).
  • As of early 2026, the company is undergoing capacity expansions, notably at its Dalavoi and Chennai units, with a total domestic cement capacity target of approximately 16 million tonnes per annum (Mtpa) by FY27.
• Ownership and Significance:
  • Historically managed by the Srinivasan family, control was transferred to UltraTech Cement Limited through a series of share acquisitions and an open offer completed by December 2024.
  • The company is a vital player in the infrastructure and housing sectors of South India, holding strategic importance due to its extensive limestone reserves and established logistics.
• Business Model and Revenue:
  • Business Model: India Cements follows an integrated manufacturing model, leveraging captive limestone mines and power plants (including waste heat recovery systems) to produce varied cement grades for retail and institutional customers.
  • Revenue Breakdown (FY25 Annual):
    • Total Revenue from Operations: Rs 4,484.81 crore.
    • Geographical Concentration: Primarily focused on South India (Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and Kerala) and parts of Maharashtra.
    • Segment Performance: Revenue is predominantly derived from the cement segment.
• Innovation and Sustainability:
  • Strategic focus is currently on energy conservation, increasing the share of renewable power, and optimizing costs through Waste Heat Recovery Systems (WHRS).
  • The company aims for long-term operational efficiency by modernizing older kilns and improving the clinker-to-cement ratio through blended cement production.
• Strategic Initiatives and Outlook:
  • Following the UltraTech acquisition, the current focus is on integrating operations with the parent group to achieve synergies in procurement, logistics, and branding.
  • Major modernization programs are underway at older plants to reduce fuel consumption and enhance environmental compliance.
  • Future Outlook: The company is positioned to benefit from the parent company's capital backing for debt reduction and capacity expansion to meet rising infrastructure demand in its core markets.
• Corporate Structure and Workforce:
  • Major Subsidiaries: As of March 2025, the company had nine subsidiaries, although it recently divested non-core assets like Coromandel Sugars Limited and India Cements Capital Limited to focus on the cement business.
  • Leadership: Post-acquisition, the Board was reconstituted with nominees from the Aditya Birla Group, including Sri K.C. Jhanwar and Sri Vivek Agrawal.