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Top 10 Cement Stocks in India

12 December 20236 mins read by Angel One
With booming public infrastructure and easing of the COVID pandemic, the cement stocks are slated to board the growth train right about now. Check out which ones you can invest in today!
Top 10 Cement Stocks in India
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In the ever-changing landscape of India’s construction sector, cement plays a crucial role, serving as the bedrock for growth and development. Cement stocks, consequently, have become key players in the Indian stock market, appealing to investors aiming to leverage the nation’s flourishing construction industry. In this article, check the best 10 cement stocks in India in 2023. 

10 Best Cement Stocks in India – 2023

Name Market Cap (₹ in crore) PE Ratio 5Y CAGR (%)
Andhra Cements Ltd 871.95 0.92 74.48
J K Cement Ltd 29,125.88 68.32 39.63
Barak Valley Cements Ltd 125.09 23.96 27.13
Pokarna Ltd 1,592.68 24.20 26.86
Orient Cement Ltd 5,200.59 42.35 26.60
JK Lakshmi Cement Ltd 10,319.08 28.77 26.44
Shiva Cement Ltd 1,014.56 -12.61 25.75
RHI Magnesita India Ltd 15,342.02 -32.92 24.57
Shri Keshav Cements and Infra Ltd 269.44 92.27 22.92
India Cements Ltd 7,877.59 -62.09 22.88

Note: The list of the best cement stocks in India listed here are as of December 6, 2023. The stocks are selected and sorted based on the 5-year CAGR.

Overview of 10 Best Cement Stocks in India

  • Andhra Cements Ltd

Andhra Cements is a small-cap company that is involved in the manufacturing and sale of cement, including Portland Pozolana Cement, Ordinary Portland Cement, Ground Granulated Blast Slag and Portland Slag Cement. The 1-year return of the company is 1,413.60%. 

  • J K Cement Ltd

This is a mid-cap company that is involved in the manufacturing of cement and cement products, such as white cement, grey cement and wall putty. The 1-year return of the company is 18.14%.

  • Barak Valley Cements Ltd

Barak Valley Cements is a small-cap company that manufactures and sells various brands of cement, mainly in the northeastern states. The 1-year return of the company is 136.69%.

  • Pokarna Ltd

This is a small-cap company that is involved in the mining of granite and the manufacture and sale of readymade garments. The 1-year return of the company is 16.94%.

  • Orient Cement Ltd

Orient Cement Limited is a small-cap company that is involved in the manufacturing and sales of cement. The product portfolio of the company includes Birla A1 Premium Cement, Birla A1 Premium Cement-OPC 43 Grade and Birla A1 Premium Cement-OPC 53 Grade. The 1-year return of the company is 94.37%.

  • JK Lakshmi Cement Ltd

This is a small-cap company that is involved in the manufacturing of cement and related products. The 1-year return of the company is 6.25%.

  • Shiva Cement Ltd

Shiva Cement is a small-cap company that is involved in the dealing of cement, limestone chips and clinker. The company’s products are marketed under the brand name Sumangal. The 1-year return of the company is -12.85%. 

  • RHI Magnesita India Ltd

This is a small-cap company that is involved in the manufacturing and selling of refractories and monolithics. The 1-year return of the company is -8.03%.

  • Shri Keshav Cements and Infra Ltd

Shri Keshav Cements and Infra is a small-cap company that manufactures ordinary Portland cement. The 1-year return of the company is 41.94%.

  • India Cements Ltd

This is a small-cap company that manufactures and sells cement under their brands Coromandel King, Raasi Gold and Sankar Super Power. The 1-year return of the company is 2.46%.

What are Cement Stocks?

Cement stocks are shares of companies that manufacture and sell cement, a crucial building material used in construction projects. These stocks represent ownership in these companies and offer investors the potential to profit from the company’s performance and the overall demand for cement. 

Cement Industry Overview

The cement industry is an essential component of India’s infrastructure development, playing a crucial role in the country’s economic growth. It is one of the 8 core sectors of the Indian economy. Cement is the primary building material used in construction projects, ranging from commercial and housing buildings to infrastructure such as dams, bridges, and roads. India’s cement industry has witnessed remarkable growth over the years, making it one of the largest cement producers in the world. 

India, with over 8% of the global installed capacity, stands as the second-largest cement producer worldwide. According to Crisil Ratings, the Indian cement sector is expected to witness an addition of around 80 million tons (MT) capacity by FY24. This marks the highest growth in the past decade, driven by a surge in expenditure on housing and infrastructure projects.

In India, there are 210 large cement plants, of which 77 are in Andhra Pradesh, Rajasthan, and Tamil Nadu. Nearly 32% of India’s cement production capacity is based in South India, 20% in North India, 13% in Central, 15% in West India, and the remaining 20% is based in East India, as per the IBEF report. 

Conclusion

Investors who are planning to invest in cement sector stocks must evaluate the financial performance of the company, its historical performance, and its future prospects. Understand your investment objectives and risk appetite before investing. Open a Demat account with Angel One today and explore the best stocks in the market. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations.

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