Best Cement Stocks in November 2025 Based on 5-Year CAGR: Grasim, JK Cement, India Cements, and More

The Indian cement industry continues to be a vital driver of the country’s infrastructure growth, supported by government-led housing, road, and industrial development projects. Despite short-term cost pressures and uneven demand in FY25, leading cement companies have maintained steady operational performance, capacity expansion, and long-term growth momentum.

Over the past 5 years, several cement stocks have shown notable compound annual growth rates (CAGR), highlighting resilience and strong fundamentals despite cyclical market challenges.

Here’s a look at the best cement stocks in November 2025, ranked by their 5-year CAGR performance.

Best Cement Stocks in November 2025 - 5-Year CAGR Basis

Note: The list of best cement stocks above is as of October 28, 2025 and is as ranked as per 5-year CAGR.

Overview of Best 5 Cement Stocks in November 2025

1. Grasim Industries Ltd

Grasim Industries, part of the Aditya Birla Group, continues to perform strongly, benefiting from its diversified presence across cement, financial services, and chemicals. Through its subsidiary UltraTech Cement, Grasim remains India’s largest cement producer.

Key Metrics:
ROE (Return on Equity): 2.5% 
ROCE (Return on Capital Employed): 5.94%

2. J K Cement Ltd

JK Cement has emerged as one of the top-performing cement stocks of 2025, with a 50% one-year return and a strong 5-year CAGR of 27.67%. The company’s focus on expanding its JK Super Cement brand and growing presence in northern and eastern India has supported its strong earnings growth.

Key Metrics: 
ROE (Return on Equity): 15.14% 
ROCE (Return on Capital Employed): 13.32%

3. India Cements Ltd

Despite being one of the oldest names in India’s cement industry, India Cements continues to maintain steady growth, achieving a 5-year CAGR of 27.02%.

Key Metrics: 
ROE (Return on Equity): -1.82% 
ROCE (Return on Capital Employed): 0.51%

4. Star Cement Ltd

Star Cement, based in the North-Eastern region, has shown consistent profitability and operational strength, posting a 5-year CAGR of 24.81% and a 24% one-year return.

Key Metrics: 
ROE (Return on Equity): 6.05% 
ROCE (Return on Capital Employed): 8.01%

5. JK Lakshmi Cement Ltd

JK Lakshmi Cement has maintained steady operational performance with a 5-year CAGR of 24.15% and solid return ratios.

Key Metrics:  
ROE (Return on Equity): 8.1% 
ROCE (Return on Capital Employed): 8.91%

Read More: Best Artificial Intelligence Stocks for November 2025: Persistent, Saksoft, and More Based on 5-Year CAGR.

Conclusion

The Indian cement sector remains an essential pillar of the country’s infrastructure and housing growth.

For investors, analysing key financial ratios such as 5-year CAGR, ROE, and ROCE provides meaningful insight into a company’s long-term performance and capital efficiency. However, investment decisions should be supported by thorough research and alignment with one’s financial goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.