Name: Latest research reports of India Cements Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: India Cements Ltd.
Rating: 1
Author: ICICI Securities Limited

India Cements Ltd.

NSE: INDIACEM | BSE: 530005 | ISIN: INE383A01012 | Industry: Cement & Cement Products
| Expensive Performer

298.6000 16.10 (5.70%)

NSE Apr 17, 2025 09:48 AM

73.05% Gain from 52W Low

Volume: 2.6M

High volume+gain today

India Cements Ltd.

15 Aug 2022

298.60

5.70%

Cost pressures hit unit profitability

Sell: India Cements Ltd.

Recommendation Target

ICICI Securities Limited

India Cements’ (ICEM) Q1FY23 EBITDA at Rs0.4bn (down 77% YoY) was below our / consensus estimates due to hit from higher input costs.

Promoters have increased holdings from 28.42% to 55.49% in Dec 2024 qtr.