The India Cements Key Ratios
NSE: INDIACEM | BSE: 530005
₹349.25
As on 06-Nov-2026 15:31IST
Market cap
₹10,843 Cr
Revenue (TTM)
₹4,504 Cr
P/E Ratio
88.5
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 | 12.03 | 2.24 | 5.26 | -6.26 | -1.82 |
| EBIT | -13.26 | 989.51 | 177.66 | 40.25 | -12.26 |
| Net Profit | -15.26 | 86.00 | 105.30 | 32.77 | -3.97 |
| EPS | 44.59 | 340.63 | 851.82 | 35.16 | -8.49 |
| 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 | 5.28 | 2.17 | -14.82 |
| Net Margin
| -6.17 | -2.11 | 2.69 | -1.47 | -2.86 |
| Return on equity
| -5.41 | -1.72 | 1.54 | -0.66 | -1.62 |
| Return on Capital
| -1.68 | 0.48 | -- | 0.30 | 0.87 |
| Return on Assets
| -2.28 | -0.89 | 0.89 | -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
|
--
|
10.81
|
13.42
|
--
|
--
|
ROE
1.54
Lower than Peers by 4.99
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
1.54
|
-0.66
|
-1.62
|
-4.40
|
-3.13
|
|
Peer Median
|
6.53
|
9.84
|
11.48
|
--
|
--
|
ROA
0.89
Lower than Peers by 2.86
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
0.89
|
-0.49
|
-1.01
|
-2.08
|
-1.44
|
|
Peer Median
|
3.75
|
5.12
|
4.41
|
--
|
--
|
EBIT Margin
5.28
Lower than Peers by 2.83
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
5.28
|
2.17
|
-14.82
|
-2.56
|
-6.46
|
|
Peer Median
|
8.11
|
7.92
|
7.35
|
--
|
--
|
Net Margin
2.69
Lower than Peers by 3.07
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
2.69
|
-1.47
|
-2.86
|
-4.56
|
-3.01
|
|
Peer Median
|
5.76
|
7.13
|
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
5.26
Lower than Peers by 0.66
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
5.26
|
8.31
|
-17.15
|
-10.88
|
15.43
|
|
Peer Median
|
5.92
|
6.62
|
-4.04
|
--
|
--
|
EBIT Growth
177.66
Higher than Peers by 161.83
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
177.66
|
115.87
|
-380.40
|
64.76
|
-240.06
|
|
Peer Median
|
15.83
|
-9.09
|
-29.24
|
--
|
--
|
Net Profit Growth
105.30
Higher than Peers by 90.26
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
105.30
|
45.92
|
46.05
|
-35.75
|
-357.39
|
|
Peer Median
|
15.04
|
10.69
|
-30.83
|
--
|
--
|
EPS Growth
851.82
Higher than Peers by 836.97
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
851.82
|
53.19
|
36.80
|
-79.16
|
-261.72
|
|
Peer Median
|
14.85
|
-4.67
|
-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 0.09
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
0.76
Lower than Peers by 0.26
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
0.76
|
0.92
|
0.87
|
0.98
|
1.19
|
|
Peer Median
|
1.02
|
1.00
|
1.07
|
--
|
--
|
Quick Ratio
0.35
Lower than Peers by 0.31
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
0.35
|
0.46
|
0.57
|
0.75
|
0.91
|
|
Peer Median
|
0.67
|
0.72
|
0.75
|
--
|
--
|
Interest Coverage
2.56
Lower than Peers by 1.21
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
2.56
|
0.35
|
0.31
|
-0.16
|
-0.56
|
|
Peer Median
|
3.77
|
3.96
|
3.68
|
--
|
--
|
Operating Efficiency
Debtors to sales
3.08
Lower than Peers by 3.19
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
The India Cements
|
3.08
|
5.54
|
17.05
|
13.99
|
14.70
|
|
Peer Median
|
6.27
|
6.33
|
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
|
0.72
|
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
88.52
Higher than Peers by 56.99
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
|
88.52
|
--
|
--
|
--
|
--
|
|
Peer Median
|
31.53
|
29.68
|
53.29
|
--
|
--
|
Price / Book Value
1.06
Lower than Peers by 0.55
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
|
1.06
|
1.05
|
0.84
|
1.28
|
1.07
|
|
Peer Median
|
1.62
|
1.84
|
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
|
0.40
|
0.40
|
0.24
|
--
|
--
|
EV/EBITDA
21.07
--
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
|
21.07
|
24.60
|
-55.32
|
60.73
|
-83.55
|
|
Peer Median
|
--
|
19.68
|
22.85
|
--
|
--
|
Market Cap
10,843
Lower than Peers by 1,488
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
|
10,843
|
10,670
|
8,572
|
6,585
|
5,730
|
|
Peer Median
|
12,331
|
11,548
|
10,274
|
--
|
--
|