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Earnings Call

India Cements Earnings Call: Key Takeaways

UltraTech reached 200MT cement capacity in Q4 FY26, reporting consolidated sales of 44MT. Integration of India Cements and Kesoram is ahead of schedule.

Why this was an Alfa AlertNot a filter event. Performance was strong and ahead of internal timelines, but no specific prior guided financial ranges were materially beaten.
Highlights
MarginsEBITDA/ton improving via efficiency; targeting ₹1,000/ton for acquired assets.
Demand visibilityStrong structural demand from infrastructure (PMAY, highways) and urbanization.
Management confidenceHigh; capacity expansion and brand migration completed ahead of schedule.

Growth

UltraTech brand grew 19% YoY. Consolidated EBITDA per ton at ₹1,253; India Cements EBITDA grew to ₹497/ton.

Outlook

Targeting 242.5MT capacity by FY28. Planned annual capex of ₹8,000-10,000 crores. Double-digit growth targeted for FY27.

Risks

West Asia conflict impacts fuel, bag costs, and freight. Currency devaluation caused notional forex MTM hits.

Source

Earnings Call filed with NSE, NSE: INDIACEM. Summary written with AI assistance from the document.

Read the document ↗

India Cements Ltd: key numbers

Share price
₹323.10
Market cap
₹10,013 Cr
Revenue (annual)
₹4,485 Cr
Net profit (annual)
₹-67.25 Cr
P/E (TTM)
108.3×Sector 33.0×
Promoter holding
75.00%+0.00% QoQ
FII holding
3.40%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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India Cements Annual General Meeting

The India Cements Limited has issued a Postal Ballot notice seeking shareholder approval for the appointment of Mr. Tribhuwan Adhikari as a Director.

17:43 IST NSE
Acquisition

India Cements Acquisition Worth ₹14.06 Cr

The India Cements is acquiring a 26% stake in Amplus TN One Energy Private Limited for ₹14.06 Crore to secure captive renewable power.

Value
₹14.06 Cr
Execution
Within 180 days
solar power capacity
41.8 MW