The India Cements Limited produces and sells cement and cement related products in India and internationally. More Details
Moderate growth potential and overvalued.
Share Price & News
How has India Cements's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: INDIACEM has not had significant price volatility in the past 3 months.
7 Day Return
IN Basic Materials
1 Year Return
IN Basic Materials
Return vs Industry: INDIACEM exceeded the Indian Basic Materials industry which returned 9.8% over the past year.
Return vs Market: INDIACEM exceeded the Indian Market which returned -2.5% over the past year.
Price Volatility Vs. Market
How volatile is India Cements's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StWhat Is The Ownership Structure Like For The India Cements Limited (NSE:INDIACEM)?
1 month ago | Simply Wall StWhy It Might Not Make Sense To Buy The India Cements Limited (NSE:INDIACEM) For Its Upcoming Dividend
2 months ago | Simply Wall StInvestors Who Bought India Cements (NSE:INDIACEM) Shares Five Years Ago Are Now Up 74%
Is India Cements undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: INDIACEM (₹118.35) is trading above our estimate of fair value (₹75.54)
Significantly Below Fair Value: INDIACEM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: INDIACEM is poor value based on its PE Ratio (661.4x) compared to the IN Basic Materials industry average (19.1x).
PE vs Market: INDIACEM is poor value based on its PE Ratio (661.4x) compared to the Indian market (16x).
Price to Earnings Growth Ratio
PEG Ratio: INDIACEM is poor value based on its PEG Ratio (5.9x)
Price to Book Ratio
PB vs Industry: INDIACEM is good value based on its PB Ratio (0.7x) compared to the IN Basic Materials industry average (1x).
How is India Cements forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: INDIACEM's forecast earnings growth (112% per year) is above the savings rate (7.2%).
Earnings vs Market: INDIACEM's earnings (112% per year) are forecast to grow faster than the Indian market (25.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: INDIACEM's revenue (8.6% per year) is forecast to grow slower than the Indian market (11.3% per year).
High Growth Revenue: INDIACEM's revenue (8.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if INDIACEM's Return on Equity is forecast to be high in 3 years time
How has India Cements performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: INDIACEM has a large one-off loss of ₹137.8M impacting its June 30 2020 financial results.
Growing Profit Margin: INDIACEM's current net profit margins (0.1%) are lower than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: INDIACEM's earnings have declined by 28.6% per year over the past 5 years.
Accelerating Growth: INDIACEM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: INDIACEM had negative earnings growth (-93.4%) over the past year, making it difficult to compare to the Basic Materials industry average (-5.1%).
Return on Equity
High ROE: INDIACEM's Return on Equity (0.1%) is considered low.
How is India Cements's financial position?
Financial Position Analysis
Short Term Liabilities: INDIACEM's short term assets (₹23.8B) do not cover its short term liabilities (₹28.8B).
Long Term Liabilities: INDIACEM's short term assets (₹23.8B) do not cover its long term liabilities (₹32.4B).
Debt to Equity History and Analysis
Debt Level: INDIACEM's debt to equity ratio (56.8%) is considered high.
Reducing Debt: INDIACEM's debt to equity ratio has reduced from 90% to 56.8% over the past 5 years.
Debt Coverage: INDIACEM's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: INDIACEM's interest payments on its debt are not well covered by EBIT (0.8x coverage).
What is India Cements's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: INDIACEM's dividend (0.51%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.56%).
High Dividend: INDIACEM's dividend (0.51%) is low compared to the top 25% of dividend payers in the Indian market (2.35%).
Stability and Growth of Payments
Stable Dividend: INDIACEM's dividend payments have been volatile in the past 10 years.
Growing Dividend: INDIACEM's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (335.3%), INDIACEM's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Narayanaswamy Srinivasan (75 yo)
Mr. Narayanaswamy Srinivasan serves as Chief Executive Officer at The India Cements Limited and has been its Managing Director since September 24, 2007. Mr. Srinivasan has been Executive Director at The In ...
CEO Compensation Analysis
Compensation vs Market: Narayanaswamy's total compensation ($USD459.43K) is about average for companies of similar size in the Indian market ($USD374.52K).
Compensation vs Earnings: Narayanaswamy's compensation has been consistent with company performance over the past year.
|Vice Chairman||no data||₹34.19m||no data|
|Whole Time Director||13.08yrs||₹21.97m||0.012% |
|Non-Executive Director||10.58yrs||₹200.00k||0.025% |
|Independent Non-Executive Director||2.17yrs||₹290.00k||no data|
|Independent Non-Executive Director||4.83yrs||₹380.00k||0.0078% |
|Independent Non-Executive Director||0.33yr||₹80.00k||no data|
|Independent Non-Executive Director||4.17yrs||₹370.00k||no data|
|Independent Non-Executive Director||2.17yrs||₹520.00k||no data|
|Independent Non-Executive Director||2.17yrs||₹470.00k||no data|
|Nominee Non-Executive Director||2yrs||₹200.00k||0.00010% |
|Nominee Director||0.58yr||₹50.00k||no data|
Experienced Board: INDIACEM's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The India Cements Limited's company bio, employee growth, exchange listings and data sources
- Name: The India Cements Limited
- Ticker: INDIACEM
- Exchange: NSEI
- Founded: 1946
- Industry: Construction Materials
- Sector: Materials
- Market Cap: ₹36.041b
- Shares outstanding: 309.90m
- Website: https://www.indiacements.co.in
- The India Cements Limited
- Coromandel Towers
- 93, Santhome High Road
- Tamil Nadu
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|530005||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Aug 1999|
|INDIACEM||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Aug 1999|
|INC05||BDL (Bourse de Luxembourg)||SPON GDR REG S||LU||USD||Oct 2005|
The India Cements Limited produces and sells cement and cement related products in India and internationally. It offers cement and allied products under the Sankar Super Power, Coromandel King, and Raasi G ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/30 12:44|
|End of Day Share Price||2020/10/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.