The India Cements Limited

NSEI:INDIACEM Stock Report

Market Cap: ₹126.5b

India Cements Management

Management criteria checks 0/4

We currently do not have sufficient information about the CEO.

Key information

Suresh Patil

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure1.5yrs
CEO ownershipn/a
Management average tenure1.5yrs
Board average tenure1.6yrs

Recent management updates

Recent updates

Narrative Update Jul 10

INDIACEM: Upcoming Board Results And Margin Outlook Will Drive Bullish Repricing

Analysts have raised their price target on India Cements to ₹440 from about ₹288, citing updated assumptions related to fair value, discount rate, revenue growth, profit margin and future P/E. What’s in the News for India Cements India Cements has scheduled a Board Meeting for Saturday, 18 July 2026.
Narrative Update Jun 26

INDIACEM: Future Earnings Profile And Related Party Dealings Will Shape Outlook

Analysts have increased their fair value estimate for India Cements from ₹115.0 to ₹350.0, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E that they believe better reflect the company’s potential earnings profile. What's in the News for India Cements India Cements has scheduled a Board meeting on 18 July 2026 to consider and approve the standalone and consolidated unaudited financial results for the quarter ending 30 June 2026.
Analysis Article Jan 22

The India Cements Limited's (NSE:INDIACEM) Intrinsic Value Is Potentially 25% Below Its Share Price

Key Insights The projected fair value for India Cements is ₹338 based on 2 Stage Free Cash Flow to Equity India Cements...
Analysis Article Nov 25

India Cements (NSE:INDIACEM) Is Making Moderate Use Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Oct 28

India Cements' (NSE:INDIACEM) Solid Earnings May Rest On Weak Foundations

The India Cements Limited's ( NSE:INDIACEM ) healthy profit numbers didn't contain any surprises for investors. However...
Analysis Article Sep 09

Estimating The Fair Value Of The India Cements Limited (NSE:INDIACEM)

Key Insights Using the 2 Stage Free Cash Flow to Equity, India Cements fair value estimate is ₹442 With ₹403 share...
Analysis Article Aug 22

Investors Appear Satisfied With The India Cements Limited's (NSE:INDIACEM) Prospects

When close to half the companies in the Basic Materials industry in India have price-to-sales ratios (or "P/S") below...
Analysis Article Jun 18

We Think India Cements (NSE:INDIACEM) Has A Fair Chunk Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Jan 22

The India Cements Limited's (NSE:INDIACEM) Share Price Matching Investor Opinion

When close to half the companies in the Basic Materials industry in India have price-to-sales ratios (or "P/S") below...
Analysis Article Dec 10

Here's Why India Cements (NSE:INDIACEM) Can Afford Some Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jun 28

Market Might Still Lack Some Conviction On The India Cements Limited (NSE:INDIACEM) Even After 38% Share Price Boost

The The India Cements Limited ( NSE:INDIACEM ) share price has done very well over the last month, posting an excellent...
Analysis Article Mar 28

The India Cements Limited (NSE:INDIACEM) Screens Well But There Might Be A Catch

It's not a stretch to say that The India Cements Limited's ( NSE:INDIACEM ) price-to-sales (or "P/S") ratio of 1.2x...
Analysis Article Feb 29

Here's Why India Cements (NSE:INDIACEM) Can Afford Some Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Nov 30

Would India Cements (NSE:INDIACEM) Be Better Off With Less Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Oct 26

A Look At The Fair Value Of The India Cements Limited (NSE:INDIACEM)

Key Insights India Cements' estimated fair value is ₹214 based on 2 Stage Free Cash Flow to Equity India Cements' ₹207...
Analysis Article Jun 24

Would India Cements (NSE:INDIACEM) Be Better Off With Less Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article May 27

Analyst Estimates: Here's What Brokers Think Of The India Cements Limited (NSE:INDIACEM) After Its Yearly Report

A week ago, The India Cements Limited ( NSE:INDIACEM ) came out with a strong set of yearly numbers that could...
Analysis Article Feb 28

Is India Cements (NSE:INDIACEM) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Oct 07

India Cements (NSE:INDIACEM) May Have Issues Allocating Its Capital

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article May 26

These Return Metrics Don't Make India Cements (NSE:INDIACEM) Look Too Strong

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article Feb 11

India Cements (NSE:INDIACEM) Will Be Looking To Turn Around Its Returns

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article Jan 21

With EPS Growth And More, India Cements (NSE:INDIACEM) Is Interesting

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Analysis Article Jan 05

We Think India Cements (NSE:INDIACEM) Can Stay On Top Of Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

CEO

Suresh Patil (63 yo)

1.5yrs
Tenure

Mr. Suresh Vasant Patil, B. Tech. MBA, is Chief Executive Officer since January 01, 2025 at The India Cements Limited. He served as Vice President of Grasim Industries Ltd.He served as Deputy General Mana...


Leadership Team

NamePositionTenureCompensationOwnership
Suresh Patil
Chief Executive Officer1.5yrsno datano data
Krishna Ladsaria
Chief Financial Officer1.5yrsno datano data
Ekambaram Jayashree
Company Secretary & Compliance Officer1.1yrsno datano data
Prakash Pattanshetty
Head of Sales & Marketing1.5yrsno datano data
Ravikrishna Iyer
Head of Human Resources1.5yrsno datano data
R. Parthasarathy
Head of Sales & Marketing Integration1.5yrsno datano data
K.Vamsidhar Reddy
Chief Manufacturing Officer (Projects & Operations)2.3yrsno datano data
Rajesh Sankar
Head of Manufacturing Integration1.5yrsno datano data
G. Ramesh
Vice President of Personnel1.5yrsno datano data
1.5yrs
Average Tenure

Experienced Management: INDIACEM's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kailash Jhanwar
Non-Executive Non-Independent Director1.6yrsno datano data
E. R. Narayanan
Non-Executive Non-Independent Director1.6yrsno datano data
Vivek Agrawal
Non-Executive Non-Independent Director1.6yrsno datano data
Alka Bharucha
Independent Director1.6yrs₹320.00kno data
Sukanya Kripalu Anand
Independent Director1.6yrs₹385.00kno data
Vikas Balia
Independent Director1.6yrs₹435.00k0%
₹ 0
Krishnan Skandan
Independent Non-Executive Director5.5yrs₹200.00kno data
Viswanatha Yerur
Nominee Director2.9yrs₹250.00kno data
1.6yrs
Average Tenure
65.5yo
Average Age

Experienced Board: INDIACEM's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/23 16:27
End of Day Share Price 2026/07/23 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The India Cements Limited is covered by 29 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null null360 ONE Capital Market Private Limited
Vijayaraghavan SwaminathanAvendus Spark
Nitesh JainAxis Capital Limited