The India Cements Key Ratios
NSE: INDIACEM | BSE: 530005
₹359.85
As on 01-Sep-2026IST
Market cap
₹11,149 Cr
Revenue (TTM)
₹4,479 Cr
P/E Ratio
120.5
P/B Ratio
1.1
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -17.03 | -0.52 | 7.06 | -6.79 | -1.34 |
| EBIT | 8.47 | 817.63 | 132.40 | 34.55 | -20.89 |
| Net Profit | -33.58 | 645.97 | 104.47 | 31.63 | -9.98 |
| EPS | -54.88 | 120.20 | 127.60 | 32.27 | -16.90 |
| Book Value | -- | -- | -0.69 | 23.79 | 13.16 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| -5.03 | -3.27 | 3.84 | 2.17 | -14.82 |
| Net Margin
| -6.17 | -2.11 | 2.03 | -1.47 | -2.86 |
| Return on equity
| -5.41 | -1.72 | 1.37 | -0.66 | -1.62 |
| Return on Capital
| -1.68 | 0.48 | -- | 0.30 | 0.87 |
| Return on Assets
| -2.28 | -0.89 | 0.68 | -0.49 | -1.01 |
| Debt to Equity (x)
| -- | -- | 0.10 | 0.13 | 0.11 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
--
|
0.30
|
0.87
|
-0.48
|
-1.61
|
|
Peer Median
|
--
|
10.68
|
13.42
|
--
|
--
|
ROE
1.37
Lower than Peers by 5.26
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
1.37
|
-0.66
|
-1.62
|
-4.40
|
-3.13
|
|
Peer Median
|
6.63
|
8.97
|
11.48
|
--
|
--
|
ROA
0.68
Lower than Peers by 3.09
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
0.68
|
-0.49
|
-1.01
|
-2.08
|
-1.44
|
|
Peer Median
|
3.77
|
4.43
|
4.41
|
--
|
--
|
EBIT Margin
3.84
Lower than Peers by 4.42
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
3.84
|
2.17
|
-14.82
|
-2.56
|
-6.46
|
|
Peer Median
|
8.26
|
8.36
|
7.35
|
--
|
--
|
Net Margin
2.03
Lower than Peers by 3.74
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
2.03
|
-1.47
|
-2.86
|
-4.56
|
-3.01
|
|
Peer Median
|
5.77
|
6.55
|
6.22
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
--
|
4.67
|
2.42
|
-0.19
|
0.88
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
7.06
Higher than Peers by 1.24
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
7.06
|
8.31
|
-17.15
|
-10.88
|
15.43
|
|
Peer Median
|
5.82
|
8.66
|
-4.04
|
--
|
--
|
EBIT Growth
132.40
Higher than Peers by 114.18
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
132.40
|
115.87
|
-380.40
|
64.76
|
-240.06
|
|
Peer Median
|
18.22
|
23.44
|
-29.24
|
--
|
--
|
Net Profit Growth
104.47
Higher than Peers by 88.65
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
104.47
|
45.92
|
46.05
|
-35.75
|
-357.39
|
|
Peer Median
|
15.82
|
32.37
|
-30.83
|
--
|
--
|
EPS Growth
127.60
Higher than Peers by 112.15
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
127.60
|
53.19
|
36.80
|
-79.16
|
-261.72
|
|
Peer Median
|
15.46
|
30.28
|
-34.21
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
--
|
-0.69
|
98.20
|
-3.63
|
-3.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.10
Lower than Peers by 0.10
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
0.10
|
0.13
|
0.11
|
0.51
|
0.55
|
|
Peer Median
|
0.20
|
0.43
|
0.48
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
--
|
0.01
|
0.00
|
0.10
|
0.09
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.92
Lower than Peers by 0.10
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
0.92
|
0.92
|
0.87
|
0.98
|
1.19
|
|
Peer Median
|
1.02
|
1.00
|
1.07
|
--
|
--
|
Quick Ratio
0.46
Lower than Peers by 0.21
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
0.46
|
0.46
|
0.57
|
0.75
|
0.91
|
|
Peer Median
|
0.67
|
0.81
|
0.75
|
--
|
--
|
Interest Coverage
2.06
Lower than Peers by 1.72
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
2.06
|
0.35
|
0.31
|
-0.16
|
-0.56
|
|
Peer Median
|
3.77
|
3.96
|
3.68
|
--
|
--
|
Operating Efficiency
Debtors to sales
5.55
Lower than Peers by 0.72
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
5.55
|
5.54
|
17.05
|
13.99
|
14.70
|
|
Peer Median
|
6.26
|
6.15
|
6.37
|
--
|
--
|
Asset Turnover
0.33
Lower than Peers by 0.36
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
0.33
|
0.36
|
0.39
|
0.51
|
0.48
|
|
Peer Median
|
0.69
|
0.75
|
0.66
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
--
|
35.07
|
53.89
|
49.38
|
57.13
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
--
|
47.41
|
45.50
|
45.86
|
53.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
--
|
241.35
|
365.52
|
339.06
|
278.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
--
|
-158.88
|
-266.13
|
-243.82
|
-167.87
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
120.54
Higher than Peers by 88.48
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
120.54
|
--
|
--
|
--
|
--
|
|
Peer Median
|
32.06
|
30.35
|
53.29
|
--
|
--
|
Price / Book Value
1.10
Lower than Peers by 0.77
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
1.10
|
1.05
|
0.84
|
1.28
|
1.07
|
|
Peer Median
|
1.87
|
1.99
|
2.57
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.39
|
0.40
|
0.24
|
--
|
--
|
EV/EBITDA
22.48
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
22.48
|
24.60
|
-55.32
|
60.73
|
-83.55
|
|
Peer Median
|
--
|
25.26
|
22.85
|
--
|
--
|
Market Cap
11,149
Lower than Peers by 373
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
11,149
|
10,670
|
8,572
|
6,585
|
5,730
|
|
Peer Median
|
11,522
|
11,335
|
10,274
|
--
|
--
|