NSE: INDIACEM | BSE: 530005

Expensive Performer

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317.55 -2.30 (-0.72%)

84.03% Gain from 52W Low

56,870 NSE+BSE Volume

NSE 19 May, 2025 9:48 AM (IST)

9,840.8

Market Cap

Above industry Median

1.0

Beta 1Year

Average volatility

India Cements Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for INDIACEM, BSE:530005 India Cements Ltd.

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India Cements Ltd.

28 Apr 2025

317.55

-0.72%

Strong volume growth; profitability targets set for FY26-28

Sell: India Cements Ltd.

Target

Motilal Oswal

India Cements (ICEM), following the recent change in management (the first quarter after UTCEM took control), has reported an improved performance in 4QFY25. It has reported an EBITDA of INR5m (vs. an estimate of an operating loss of INR1.2b) in 4QFY25.

India Cements Ltd. has an average target of 240.00 from 1 broker.

India Cements Ltd.

21 Jan 2025

317.55

-0.72%

Miss estimates; awaiting clarity on group synergy benefits

Sell: India Cements Ltd.

Target

Motilal Oswal

India Cements (ICEM) reported an operating loss of INR1.9b (vs. estimated loss of INR854m) in 3QFY25. Sales volume increased ~5% YoY to 2.1mt (~2% below our estimate), while blended realization declined ~20% YoY to INR4,333 (~5% below our estimate).

India Cements Ltd. is trading above its 100 day SMA of 304.5

India Cements Ltd.

23 Sep 2023

317.55

-0.72%

Non-core asset sale – a sentimental positive

Sell: India Cements Ltd.

ICICI Securities Limited

India Cements (ICEM) is ‘walking-the-talk’ regarding the sale of its non-core assets. In a second such transaction, ICEM has agreed to sell its surplus land in Andhra Pradesh (near Vizag) for INR 700mn to industry-leader UltraTech Cement (UTCEM). In Oct’22, ICEM sold its entire stake in subsidiary Springway Mining Pvt Ltd (SMPL) to JSW Cement for INR 4.77bn.

India Cements Ltd. is trading below its 150 day SMA of 322.3

India Cements Ltd.

08 Aug 2023

317.55

-0.72%

Profitability continues to drag

Sell: India Cements Ltd.

ICICI Securities Limited

Profitability continued to drag its feet at India Cements (ICEM) even as EBITDA for Q1FY24 turned positive (albeit a mere INR 50mn). Performance continues to be impacted by: a) poor volume growth (flat YoY), b) weak realisations (down ~1% QoQ), and c) high operating cost – leaving little on the table for the company.

India Cements Ltd. is trading below its 150 day SMA of 322.3

India Cements Ltd.

07 Aug 2023

317.55

-0.72%

Operating losses continue in the cement segment

Sell: India Cements Ltd.

Target

Motilal Oswal

India Cements Ltd. is trading below its 150 day SMA of 322.3

India Cements Ltd.

25 May 2023

317.55

-0.72%

A hat-trick of EBITDA loss

Sell: India Cements Ltd.

ICICI Securities Limited

India Cements (ICEM) has posted an EBITDA loss for the third consecutive quarter. EBITDA loss in Q4FY23 stood at Rs445mn vs a loss of Rs695 in Q3FY23 and a profit of Rs615mn in Q4FY22. While volumes rose ~5% YoY, weak cement prices and elevated fuel cost got the better of ICEM.

India Cements Ltd. is trading above its 100 day SMA of 304.5

India Cements Ltd.

24 May 2023

317.55

-0.72%

Volumes better than our estimate; leverage remains high

Sell: India Cements Ltd.

Recommendation

Motilal Oswal

Promoters have increased holdings from 55.49% to 81.49% in Mar 2025 qtr.

India Cements Ltd.

19 Apr 2023, 12:00AM

317.55

-0.72%

Losing the plot...

Sell: India Cements Ltd.

Target

ICICI Securities Limited

Pricing power is crucial in the commodity business and the Indian cement sector is certainly losing the plot on that front. Elevated competitive intensity across regions, has prevented margin-accretive price hikes, despite: a) robust demand (Q4FY23E prices slipped ~1% QoQ notwithstanding peak season volume surge of ~10% YoY)

Institutional Investors have decreased holdings from 21.18% to 8.63% in Mar 2025 qtr

India Cements Ltd.

06 Feb 2023

317.55

-0.72%

Inability to pass on cost pressures hurting margins

Sell: India Cements Ltd.

Target

ICICI Securities Limited

India Cements’ (ICEM) Q3FY23 EBITDA loss at Rs66mn (down 160% YoY) was higher than our estimates (consensus expected EBITDA profit) as the company was unable to pass on the elevated cost pressures.