The India Cements Limited (INDIACEM) Fair Value & Analysis
Basic Materials · IN · Market cap ₹178B
Fair value as of: Jul 3, 2026
From 6 valuation models · updated yesterday
Share price +0.7% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹332.88 – ₹475.13 · fair‑value band ₹367.22 – ₹1,416 · the ₹382.75 price screens above the ₹367.22 fair value. As of Jul 3, 2026.
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The India Cements Limited (INDIACEM) currently trades at ₹382.75, while our model-based Fair Value estimate is ₹367.22 — implying the stock looks roughly 4.1% overvalued today. We read business quality at 43/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).
Over the trailing twelve months, The India Cements Limited generated revenue of ₹44.8B at a net margin of -1.5%. Revenue grew 2.6% year over year. It earns a return on equity of -0.7%. Net debt stands at ₹12.4B. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
The India Cements Limited manufactures and sells cement and cement related products in India. It offers cements under the Conkrete Super King, Coromandel King, Sankar Super Power, Raasi Gold, Halo Super King brands; specialty cements; and ready-mix concrete. The company also engages in the generation of power from windmills and thermal power plants; and provision of freight services, as well as sale of clinker products. The company was incorporated in 1946 and is based in Chennai, India. The India Cements Limited operates as a subsidiary of UltraTech Cement Limited.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
The India Cements Limited reported revenue of ₹44.8B in FY2026 versus ₹48.6B in FY2022, a compound −2.0%/yr. Reported net income was −₹673M in FY2026.
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Similar stocks
6 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $106.52 | $64.08 | -40% |
| Holcim AG HOLN | CHF 75.84 | CHF 35.29 | -53% |
| Heidelberg Materials AG HEI | €190.80 | €134.98 | -29% |
| Vulcan Materials Company VMC | $281.38 | $116.17 | -59% |
| Martin Marietta Materials, Inc MLM | $609.88 | $218.79 | -64% |
| UltraTech Cement Limited ULTRACEMCO | ₹10,866 | ₹4,589 | -58% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.