Top Seven Cement Companies in India

By a significant extent, China produces the most cement in the world, with an expected 2.2 billion metric tonnes in 2020. Cement production in China accounts for more than half of all cement produced worldwide. India was the world’s second-largest cement manufacturer in 2020, with a production of 340 million metric tonnes.

In the construction industry, cement is one of the most widely used and necessary building materials. Following the introduction of cement into theĀ building, all other materials such as lime and clay, which had been widely utilizedĀ for hundreds of years, were superseded by cement.

Cement is one of the most commonly used construction materials. As a result, cement prices play a significant part in lowering construction costs when purchasing.
Its primary purpose is to provide strength and to hold all other materials used with it together.

Plain cement concrete, reinforced cement concrete, mortar, plaster, grouts, paints, and pre-cast parts are all examples of uses for cement.

Here is the list of the top seven cement companies in India based on Market capitalization.

1. ULTRA TECH CEMENT

UltraTech Cement Limited is a Mumbai-based Indian cement firm that is part of the Aditya Birla Group. With a capacity of 116.75 million tonnes per year, UltraTech is India’s largest producer of grey cement, ready-mix concrete (RMC), and white cement. Outside of China, it is the only company in the world with a capacity of more than 100 million tonnes in a single country.

UltraTech Cement operates 23 integrated plants, one clinkerization facility, 26 grinding units, and seven bulk terminals. It has activities in India, the United Arab Emirates, Bahrain, and Sri Lanka. UltraTech’s white cement is marketed under the Birla White brand. It has two WallCare putty facilities with a combined capacity of 0.85 MTPA and a white cement plant with a capacity of 0.68 MTPA. UltraTech is India’s largest concrete maker, with over 100 Ready Mix Concrete (RMC) units in 39 locations.

Currently, Ultra Tech Cement Ltd is trading at a price of Rs. 6,570.25 per share. The company has a good dividend track report.

  • Market Cap – 1,89,661 Cr.
  • Dividend Yield – 0.56
  • Stock P/E – 29.2
  • Return on Equity (RoE) – 12.4%
  • Promotor Holdings – 59.96%
  • Minimum Stock Price – Rs. 248.90 per Share in the year 2004
  • Maximum Stock Price – Rs. 7,947.90 per share in the year 2022
  • Variation in Stock Price – Rs. 7,699.00 per share
2. SHREE CEMENT

Shree Cement is an Indian cement company that was created in 1979 in Beawar, Rajasthan. It is now based in Kolkata and is one of Northern India’s largest cement producers. It also generates and sells electricity under the names Shree Mega Power (Independent Power Plant) and Shree Power (Captive Power Plant).

Currently, Shree Cements Ltd is trading at a price of Rs. 23,983.45 per share. The company has a good dividend track report.

  • Market Cap – 86,534 Cr.
  • Dividend Yield – 0.25
  • Stock P/E – 34.9
  • Return on Equity (RoE) – 14.9%
  • Promotor Holdings – 62.55%
  • Minimum Stock Price – Rs. 7.00 per Share in the year 1990
  • Maximum Stock Price – Rs. 32,050.00 per share in the year 2021
  • Variation in Stock Price – Rs. 32,043.00 per share
3. AMBUJA CEMENT

Ambuja Cements Limited, previously Gujarat Ambuja Cement Limited, is a large cement manufacturer in India. Since 2006, it has been the world’s second-largest cement producer.

Currently, Ambuja Cements Ltd is trading at a price of Rs. 308.70 per share. The company has a good dividend track report.

  • Market Cap – 61,296 Cr.
  • Dividend Yield – 2.04
  • Stock P/E – 16.6
  • Return on Equity (RoE) – 13.6%
  • Promotor Holdings – 63.21%
  • Minimum Stock Price – Rs. 20.50 per share in the year 1990
  • Maximum Stock Price – Rs. 850 per share in the year 1994
  • Variation in Stock Price – Rs. 829.50 per share
4. ACC

The Associated Cement Companies Limited (ACC Limited) is one of India’s leading cement makers. The Holcim Group owns the company. The name of The Associated Cement Companies Limited was changed to ACC Limited on September 1, 2006. On August 1, 1936, the corporation was founded in Mumbai, Maharashtra.

Currently, ACC Ltd is trading at a price of Rs. 2,059.55 per share. The company has a good dividend track report.

  • Market Cap – 38,675 Cr.
  • Dividend Yield – 2.82
  • Stock P/E – 20.9
  • Return on Equity (RoE) – 11.2%
  • Promotor Holdings – 54.53%
  • Minimum Stock Price – Rs. 90.55 per share in the year 2001
  • Maximum Stock Price – Rs. 2,587.95.00 per share in the year 2021
  • Variation in Stock Price – Rs. 2,497.40 per share
5. DALMIA BHARAT

The Dalmia Bharat Group is a key player in the cement industry in India. It is one of the most profitable and quickly growing businesses in India. Under the Dalmia Cement, Konark Cement, and Dalmia DSP brands, it sells a comprehensive range of cement products.

The group is dedicated to responsible growth and development, and its efforts in implementing numerous sustainability measures have been recognised by a number of prestigious awarding bodies, including the Government of India and other reputable organisations. These honours have been presented in the areas of energy conservation, energy efficiency, safety, and health and environmental concerns.

Currently, Dalmia Bharat Ltd is trading at a price of Rs. 1,574.85 per share. The company has a good dividend track report.

  • Market Cap – 29,507 Cr.
  • Dividend Yield – 0.08
  • Stock P/E – 24.5
  • Return on Equity (RoE) – 9.8%
  • Promotor Holdings – 55.97%
  • Minimum Stock Price – Rs. 87.00 per share in the year 2011
  • Maximum Stock Price – Rs. 3,348.95 per share in the year 2017
  • Variation in Stock Price – Rs. 3,261.95 per share
6. JK CEMENT

JK Cement Ltd. is a significant Grey Cement maker in India and the world’s third largest White Cement manufacturer. On the strength of its product quality, customer focus, and technological leadership, the Company has associated with India’s multi-sectoral infrastructure challenges for over four decades. In May 1975, JK Cement initiated commercial production at their flagship grey cement plant in Nimbahera, Rajasthan.

Currently, J.K. Cement Ltd is trading at a price of Rs. 2,793.10 per share. Every year since 2005-06, the company has declared and paid a dividend. It continues to pay a dividend of 20 percent to 25 percent of net earnings (including dividend tax).

  • Market Cap – 21,581 Cr.
  • Dividend Yield – 0.54
  • Stock P/E – 31
  • Return on Equity (RoE) – 18.8%
  • Promotor Holdings – 51.5%
  • Minimum Stock Price – Rs. 34.80 per share in the year 2009
  • Maximum Stock Price – Rs. 3,836.65 per share in the year 2021
  • Variation in Stock Price – Rs. 3,801.85 per share
7. THE RAMCO CEMENT

The Ramco Group’s primary business is Ramco Cements Ltd, formerly known as Madras Cements (MCL). South India is a major participant in the mixed cement industry, making it one of India’s top cement producers. Ramco Cements is India’s fifth-largest cement manufacturer, producing Portland cement in eight state-of-the-art facilities, including Integrated Cement Plants and Grinding Units, with a current production capacity of 16.5 million MTPA and ten manufacturing sites distributed across the nation. The firm has been a pioneer in the promotion of mixed cement since 1997.

Currently, The Ramco Cements Ltd is trading at a price of Rs. 778.05 per share. The company has a good dividend track report.

  • Market Cap – 18,384 Cr.
  • Dividend Yield – 0.39
  • Stock P/E – 18.9
  • Return on Equity (RoE) – 13.4%
  • Promotor Holdings – 42.47%
  • Minimum Stock Price – Rs. 55.00 per share in the year 2008
  • Maximum Stock Price – Rs. 1,130.95 per share in the year 2021
  • Variation in Stock Price – Rs. 1,075.95 per share

In conclusion, Cement companies play an important role in the growth of any country. Since 1965, the cement industry in India has been controlled by the government. India’s cement consumption and supply, on the other part, have increased. In a rapidly developing country like India, there will always be the opportunity of developing the cement company.

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