India Cements Ltd: History, Latest Updates, Milestones, Subsidiaries and Share Price

INTRODUCTION

The India Cements Limited is a cement manufacturing and marketing company, which was established in 1946 is situated in Chennai, Indian. The major products of this company and the brands under which they are sold are the Sankar Super Power, Coromandel King, Raasi Gold, Coromandel White, and Coromandel Super. The company is involved in the production of cement; however, it also has other products available in its production line including ready mix concrete. In addition to producing power from its hydroelectric plants it also gets power from windmills and thermal power plants, it also offers ship hiring services, and it holds interest in coal mines. India Cements also engage in producing and selling cement and clinker domestically and abroad supplementing domestic sales with the export market.

India Cements Ltd Moves in 2024:

• Net sales for India Cements stood at Rs 1,245.38 crore in March 2024, marking a decline of 14.73% from Rs 1,460.47 crore in March 2023, impacting the India Cement share price.

• The company reported a quarterly net loss of Rs 29.33 crore in March 2024, a significant improvement of 86.53% compared to the net loss of Rs 217.79 crore in March 2023, which influenced the India Cement share price positively.

• EBITDA reached Rs 71.53 crore in March 2024, a substantial increase of 374.69% from Rs 26.04 crore in March 2023, contributing to fluctuations in the India Cement share price.

• On May 17, 2024, the India Cement share price closed at Rs 211.20 on the NSE. Over the last six months, the India Cement share price has decreased by 3.45%, while it has increased by 11.83% over the last twelve months.

Evolution of India Cements Ltd: From Past to Present:

Past:

India Cements began operations in 1946 at Thalaiyuthu in Tamil Nadu, during the post-World War II era and pre-Indian independence period. Established in 1940, the company initiated its first plant at Sankarnagar in 1949. Quickly gaining recognition, it became a public limited entity after India's independence, publishing its first annual report in 1947. Founded by Shri S N N Sankaralinga Iyer and Sri T S Narayanaswami, the company aimed to drive India's industrialization. Sri T S Narayanaswami played a pivotal role in expanding operations, contributing to India's industrial growth. In honor of his vision, India Cements celebrated his birth centenary in 2011, with a postal stamp issued in his memory in 2012.

Present:

India Cements has grown significantly from a two-depress plant organization producing 3 million tonnes in 1989 to a major player in the industry with an annual capacity of 15 million tonnes. Established in 2009, it now operates eight integrated cement plants across Tamil Nadu, Telangana, Andhra Pradesh, and Rajasthan, along with two grinding mills in Tamil Nadu and Maharashtra. While cement remains its primary product, the company has diversified into shipping, captive power, and coalition mining to ensure a steady supply and competitive prices.

Timeline of India Cements Ltd:

Inside India Cements Ltd: Exploring Subsidiary Ventures 

India Cements Ltd

Corporate actions: India Cements Ltd is a leading company in the Basic Materials sector, with a market capitalisation of Rs. 6,469.10 crore. As of May 25, 2024, the India Cement share price is Rs. 208.90. It has a current dividend yield of 0.48%, an annual dividend payment of Rs. 1, and its last dividend date is May 27, 2022.

Main News: India Cements reduces net loss to Rs. 50.06 crore in Q4. On May 20, India Cements Ltd reported a consolidated net loss of Rs. 50.06 crore for the fourth quarter ending March 31, 2024, driven by higher sales volume. This represents a noteworthy enhancement compared to the net loss of Rs. 243.77 crore reported in the corresponding quarter of the previous year, according to a regulatory filing.

ICL Securities Ltd

Latest News: ICL, a leading global specialty minerals company, announced its financial results for Q1 ending March 31, 2024. Consolidated sales were $1.7 billion, down from $2.1 billion in the same quarter last year. Operating income was $203 million compared to $465 million, while adjusted operating income was $215 million versus $480 million. Adjusted EBITDA was $362 million, down from $610 million. Diluted earnings per share were $0.08, with adjusted diluted EPS at $0.09, compared to $0.22 and $0.23 respectively, in the first quarter of the previous year.

Current India Cements Ltd Share Price NSE:

Achievements and Milestones:

CONCLUSION

In conclusion, India Cements Ltd, established in 1946, has grown into a significant player in the cement manufacturing and marketing industry, with a diverse product line including ready mix concrete, hydroelectric power, and ship hiring services. Over the years, the company has expanded its capacity and reach, incorporating multiple cement plants and grinding mills across India. Despite recent challenges, such as a decline in net sales and a net loss reported in March 2024, the company has shown resilience with improved quarterly performance and significant EBITDA growth. The fluctuations in the India Cement share price reflect its dynamic journey and ongoing commitment to innovation and market expansion. India Cements Ltd continues to evolve, maintaining its legacy while adapting to new market demands and opportunities.

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Frequently Asked Questions:

1. How has the India Cement share price been affected by revenue growth over the last 5 years?

Despite a yearly revenue growth rate of 1.97% for the company, the India Cement share price may have experienced fluctuations due to this modest growth compared to the industry average of 12.45%.

2. Where can I find real-time updates on the India cement capital share price?

Check out the India cement capital share price and real-time updates on Enrich Money's stock analysis page here.

3. What has been the highest India Cement share price in the last 52 weeks?

52 Week's highest India Cement share price is Rs. 298.95, while India Cement share price 52 week's low is Rs. 145.45

4. Has the India Cement share price been impacted by changes in market share?

Yes, the India Cement share price may reflect the decrease in market share from 2.56% to 1.57% over the last 5 years.

5. What role has the debt to equity ratio played in influencing the India Cement share price?

The India Cement share price might be influenced by the company's debt to equity ratio, which has been 56.37% compared to the industry average of 56.32% over the last 5 years.