The India Cements Peer Comparison

NSE: INDIACEM | BSE: 530005

₹297.40

₹1.75 (0.59%)

As on 15-Oct-2026IST

Market cap

₹9,210 Cr

Revenue (TTM)

₹4,479 Cr

P/E Ratio

99.6

P/B Ratio

0.9

Div. Yield

0 %

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	The India Cements	ACC	The Ramco Cements	JSW Cement	Nuvoco Vistas
Market cap (₹ Cr)	9,210	21,368	18,602	15,440	11,981
Revenue (₹ Cr)	4,479	25,369	9,228	6,849	11,594
Net Profit (₹ Cr)	92.49	1,901.58	638.61	677.69	386.24
Net Margin (%)	2.03	7.38	6.89	9.61	3.33
RoE (%)	1.37	9.39	2.41	12.64	4.28
Price to Earnings	99.58	11.20	28.85	20.30	31.04
Price-To-Book	0.91	1.03	2.29	2.34	1.26

Income Statement (₹ Cr)

	The India Cements	ACC	The Ramco Cements	JSW Cement	Nuvoco Vistas
Operating Revenue	4,484.69	25,961.85	9,028.76	6,512.46	11,338.29
Total Income	4,572.35	26,374.33	9,080.16	6,664.86	11,362.35
Total Expenditure	4,088.18	23,022.19	7,601.31	5,272.18	9,481.43
EBITDA	396.51	2,939.66	1,427.45	1,240.28	1,856.86
Depreciation	299.12	1,118.34	740.16	322.24	883.98
EBIT	97.39	1,821.32	687.29	918.04	972.88
Interest	99.33	112.05	420.76	377.96	398.29
Other Income	87.66	412.48	51.40	152.40	24.06
Exceptional Items	-149.19	27.95	553.17	-1,504.48	-48.13
Profit before Tax	-65.01	2,156.55	871.10	-781.22	550.52
Provision for Tax	2.24	19.32	179.10	17.56	190.75
Profit after Tax	-67.25	2,137.23	692.00	-798.78	359.77

	The India Cements	ACC	The Ramco Cements	JSW Cement	Nuvoco Vistas
Shareholder's Funds	10,124.27	20,550.54	8,093.51	6,550.41	9,342.32
Minority Interest	2.07	3.95	0.37	-22.56	886.45
Non-Current Liabilities	1,703.08	1,209.25	4,142.33	3,887.43	4,760.52
Current Liabilities	1,575.69	5,761.52	4,435.21	3,970.01	5,309.73
Total Liabilities	13,403.05	27,525.26	16,671.42	14,385.29	20,299.02

	The India Cements	ACC	The Ramco Cements	JSW Cement	Nuvoco Vistas
Non-Current Assets	11,818.60	16,152.37	14,241.45	11,512.76	17,926.68
Current Assets	1,456.53	11,372.89	2,429.97	2,872.53	2,372.34
Total Assets	13,403.05	27,525.26	16,671.42	14,385.29	20,299.02
Total Debt*	1,300.77	0.00	3,852.05	4,081.61	4,540.77
Net Current Assets	-119.16	5,611.37	-2,005.24	-1,097.48	-2,937.39
Contingent Liabilities	1,031.02	3,366.17	990.20	153.19	485.67

	The India Cements	ACC	The Ramco Cements	JSW Cement	Nuvoco Vistas
Cash From Operating Activities	-26.73	-1,364.01	1,611.06	1,170.21	1,485.17
Cash Flow from Investing Activities	-102.93	1,273.02	-338.14	-1,649.09	-2,500.23
Cash from Financing Activities	40.32	-422.42	-1,256.74	860.78	926.51
Net Cash Inflow / Outflow	-89.35	-513.41	16.18	381.90	-88.55

	The India Cements	ACC	The Ramco Cements	JSW Cement	Nuvoco Vistas
ROCE (%)	0.30	11.60	10.75	-4.21	7.11
ROE (%)	-0.66	10.93	8.91	-18.48	3.92
ROA (%)	-0.49	8.07	4.19	-6.08	1.87
EBIT Margin (%)	10.80	12.91	16.38	21.38	16.59
Net Margin (%)	-1.47	8.10	7.62	-11.98	3.17
Cash Profit Margin (%)	4.67	11.92	10.80	-6.55	9.57

	The India Cements	ACC	The Ramco Cements	JSW Cement	Nuvoco Vistas
Revenue Growth (%)	8.31	18.44	5.99	12.03	9.48
EBIT Growth (%)	378.75	-18.91	15.97	70.81	35.18
Net Profit Growth (%)	45.92	-11.03	158.07	-387.77	1,547.30
EPS Growth (%)	53.19	-11.03	156.24	-387.54	1,545.35
Book Value Growth (%)	-0.69	10.76	8.76	192.69	3.78

	The India Cements	ACC	The Ramco Cements	JSW Cement	Nuvoco Vistas
Price / Earnings	0.00	11.01	31.40	0.00	27.94
Price / Book Value	1.05	1.15	2.71	2.30	1.07
Dividend Yield (%)	0.00	0.60	0.27	0.45	0.00
EV/EBITDA	24.60	6.85	17.29	13.19	7.70
Market Cap (₹ Cr)	10,669.98	23,537.01	21,938.98	14,787.19	10,041.19

	The India Cements	ACC	The Ramco Cements	JSW Cement	Nuvoco Vistas
Debt to Equity	0.13	0.00	0.48	0.63	0.49
Short term debt to equity ratio	0.01	--	0.01	0.02	0.09
Current Ratio	0.92	1.97	0.55	0.72	0.45
Quick Ratio	0.46	1.66	0.32	0.57	0.31
Interest Coverage	0.35	20.25	3.07	-1.07	2.38

	The India Cements	ACC	The Ramco Cements	JSW Cement	Nuvoco Vistas
Debtors to sales (%)	5.54	14.80	8.78	13.11	6.56
Asset Turnover	0.36	1.03	0.80	0.55	0.68
Receivable days	35.07	33.44	20.96	41.00	19.72
Inventory Days	47.41	24.82	28.17	25.83	21.17
Payable days	241.35	68.00	203.73	203.40	277.08
Cash Conversion Cycle	-158.88	-9.75	-154.60	-136.56	-236.19

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.