India Cements Limited is the largest producer of cement in South India. The company has four plants in Tamil Nadu and four in Andhra Pradesh, India, which cater to all major markets in South India and Maharashtra. India Cements Ltd, founded in 1946, is a major player in India's cement manufacturing sector. Renowned for quality and reliability, it's considered one of the nation's premier cement companies.
They are the market leader with a market share of 28% in South India. They have a distribution network with over 10,000 stockists. India Cements Ltd., is a leading cement manufacturer in India with a total capacity of 15.5 million tonnes per annum. It operates 8 integrated plants and offers brands like Sankar Super Power, Coromandel King, and Raasi Gold.
The company has strengthened its manufacturing capabilities through strategic initiatives. India Cements has successfully completed and stabilized a de-bottlenecking initiative at Banswara Cement Works, Rajasthan. This has resulted in an increased production capacity of 0.3 mtpa. This initiative will result in the Company's grey cement manufacturing capacity increasing to 14.75 mtpa.
A significant development in India Cements' corporate history occurred in 2024 when UltraTech Cement acquired a 55.5% stake in India Cements, making it a subsidiary. The acquisition adds 14.5 million tonnes of production capacity to UltraTech's portfolio. The CCI has by its letter dated December 20, 2024, unconditionally approved the primary acquisition and the open offer under section 31(1) of the Competition Act, 2002.
In July 2024, UltraTech Cement announced its decision to acquire a 32.72% stake in India Cements from its promoters and associated parties in a ₹3,954-Crore deal. The primary objective of the acquisition is to expand UltraTech's footprint in the fast-growing and highly competitive southern cement market, especially in Tamil Nadu. Besides, UltraTech also announced a ₹3,142.35 Crore open offer to acquire a 26% share of the India Cements from its shareholders.
#### Latest Financial Results (Q4 FY25)
Net profit of India Cements reported to ₹14.68 Crore in the quarter ended March 2025, as against net loss of ₹60.55 Crore during the previous quarter ended March 2024. Sales declined 3.11% to ₹1,197.30 Crore in the quarter ended March 2025, as against ₹1,235.74 Crore during the previous quarter ended March 2024.
#### Annual Performance (FY25)
For the full year, net loss reported to ₹143.68 Crore in the year ended March 2025, as against net loss of ₹227.36 Crore during the previous year ended March 2024. Sales declined 16.99% to ₹4,148.78 Crore in the year ended March 2025, as against ₹4,997.85 Crore during the previous year ended March 2024.
#### Key Financial Metrics
- Market Capitalization: ₹10,667 Crore (up 20.9% in 1 year) as of latest available data.
- Revenue: ₹4,149 Crore.
- Net Loss: -₹144 Crore.
- Promoter Holding: 81.49% as of March 2025 (up from 28.42% as of June 2024, post-acquisition).
Net profit of India Cements rose 18153.73% to ₹122.30 Crore in the quarter ended December 2024, as against ₹0.67 Crore during the previous quarter ended December 2023. Sales declined 15.48% to ₹940.81 Crore in the quarter ended December 2024, as against ₹1,113.06 Crore during the previous quarter ended December 2023.
The company has been actively restructuring its portfolio. The Board of India Cements at its meeting held on March 18, 2025, has approved the following:
1. Sale of its entire equity investment in Coromandel Travels (CTL), a subsidiary of the Company. Upon completion of the said sale, CTL would cease to be a subsidiary.
2. Sale of its entire equity investment in Raasi Cement (RCL), an associate of the Company.
Additionally, India Cements Ltd announced the sale of its subsidiary Industrial Chemicals and Monomers to Mirai Sensing for ₹97.68 Crore, with completion expected in six months.
Their brands carry significant emotional and practical value. Sankar Super Power, a trusted name for over six decades, symbolizes strength and reliability, especially beloved in Tamil Nadu and Kerala. Their focus goes beyond just making cement—they aim to empower customers to build sturdy, cost efficient structures that enhance lifestyles. By utilizing fly ash, a byproduct of thermal power plants, in their blended cement, they contribute to environmental sustainability. Their products meet rigorous quality standards and they're committed to reducing CO2 emissions by improving their clinker to cement ratio.
In addition to cement manufacturing, India Cements is involved in diverse activities. They generate power from windmills and thermal plants, ensuring energy sustainability. Offering ship hiring services adds to their business portfolio. They also own and operate coal mines, securing vital resources for their operations. Expanding beyond domestic markets, they export their cement and clinker globally, reaching various international markets.
India Cements Limited stands as a significant player in India's cement industry, with its recent integration into UltraTech Cement's portfolio positioning it for enhanced growth prospects in the competitive South Indian market. The company's strategic initiatives in capacity expansion, portfolio optimization, and operational improvements reflect its commitment to maintaining market leadership while navigating the evolving industry landscape.
