India is the world’s 2nd largest cement producer, contributing more than 8% of global installed capacity. In FY23, the country’s cement industry recorded a market size of 3.96 billion tonnes, which is projected to reach 5.99 billion tonnes by 2032, growing at a CAGR of 4.7% between 2024 and 2032. In this article, check the best cement stocks in September 2025 based on the 5yr CAGR.
| Company Name | Market Cap (₹ Cr) | 1Y Return (%) | 5Y CAGR (%) |
| J K Cement Ltd | 53,589.85 | 55.96 | 35.88 |
| Grasim Industries Ltd | 1,89,785.93 | 2.18 | 33.29 |
| Dalmia Bharat Ltd | 44,244.75 | 29.94 | 26.10 |
| UltraTech Cement Ltd | 3,71,036.64 | 11.23 | 25.32 |
| Ramco Cements Limited | 24,664.43 | 26.92 | 7.54 |
| Shree Cement Ltd | 1,08,671.38 | 20.89 | 6.76 |
Note: The list of the best cement stocks in India in September 2025 is as of August 28, 2025. The stocks are picked from Nifty 500 universe, positive 1-yr returns, positive return on equity and are sorted based on the 5-yr CAGR.
JK Cement is involved in the manufacturing and selling of cement and cement-related products. For the financial year FY25, the company reported a revenue from operations of ₹11,879 crore, marking a 3% yoy rise compared to ₹11,556 crore in FY24. The company’s profit after tax also increased by 10% YoY, reaching ₹872 crore in FY25, up from ₹790 crore in the previous year.
Key Metrics:
Grasim Industries Limited, the flagship company of the Aditya Birla Group, is among India’s largest private sector enterprises. In the first quarter of FY26, Grasim Industries Limited reported a revenue of ₹40,118 crore, reflecting a 16% year-on-year growth compared to ₹34,610 crore in Q1FY25. The company also posted a profit after tax (PAT) of ₹1,419 crore, marking a 32% increase from ₹1,075 crore in the same quarter of the previous year.
Key Metrics:
Dalmia Bharat is involved in the business of manufacturing and selling cement. In FY25, the company reported an income from operations of ₹13,980 crore, a 4.8% decline compared to ₹14,691 crore in FY24. The PAT also dropped by 18.1% yoy, standing at ₹699 crore in FY25 as against ₹854 crore in the previous year.
Key Metrics:
UltraTech Cement is engaged in the manufacturing and sale of cement and cement-related products. In FY25, the company reported a total income of ₹76,699 crore, up from ₹71,525 crore in FY24. The PAT for FY25 stood at ₹6,039 crore, compared to ₹7,005 crore in the previous financial year.
Key Metrics:
Ramco Cements Ltd is into the production of cement, Ready-Mix Concrete (RMC), and dry mortar products, primarily serving the Indian domestic market. For FY25, the company reported a net revenue of ₹8,539 crore, reflecting a 9% decline compared to ₹9,392 crore in FY24. However, its profit after tax rose to ₹417 crore, up from ₹395 crore in the previous fiscal year.
Key Metrics:
In FY23, India’s cement industry had a market size of 3.96 billion tonnes, which is projected to grow to 5.99 billion tonnes by 2032, registering a CAGR of 4.7% between 2024 and 2032. As of April 2024, the country’s installed cement capacity stood at 553 MTPA, with production reaching 298 MTPA.
By FY27, cement consumption is anticipated to increase to 450.78 million tonnes, supported by infrastructure expansion and rising construction activity.
Also Read: Best Water Stocks in September 2025!
The cement industry is gaining momentum from infrastructure growth and government initiatives. When considering investments in this or any sector, it’s essential to assess company financials, market outlook, and growth drivers while aligning them with your investment goals, risk appetite, and time frame. A thorough evaluation supports better-informed decisions.
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.
Published on: Aug 28, 2025, 1:51 PM IST
Nikitha Devi
Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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