- Date : 07/09/2023
- Read: 3 mins
A list of some of the best cement stocks in India that you cannot miss out on.
With 7% of total global cement production, India is the second largest cement producer in the world. Domestic consumption is a strong revenue driver for the industry, with consumption expected to touch 600 MT by 2025. This is boosted by commercial, industrial and residential constructions, as well as government infrastructural projects.
India has a strong production and demand track record in cement
This cyclic stock category has a significant macro-economic dependency
Adani Group has a prominent presence in the industry with their ownership of ACC and Ambuja Cement
Top cement stocks include industry giants like UltraTech, Grasim, Ambuja, Shree, ACC, etc. Let us have a look at the top-performing stocks in the cement industry.
Top Cement Stocks In India 2023
Let us take a look at some of the most profitable cement stocks.
Shree Cement – The Earnings per Share (EPS) of Rs 368 is a sharp fall from the previous year’s Rs 646. However, Shree Cement remains highly profitable for its investors. The share is presently trading at Rs 25,570, a 10.67% growth during the year, and 43% in five years.
UltraTech Cement – This stock has the largest market cap in the industry. Its EPS of Rs 170 is lower than the previous year’s Rs 250. UltraTech is currently trading at around Rs 8,450, a 25% rise in one year, and 98% in five years.
JK Cement – JK Cement has an EPS of Rs 73, while the share price is Rs 3,385 at present. In the last 52 weeks, the share has traded between Rs 2,425 and Rs 3,476. The share has grown 21.3% in one year, and 323% in five years.
ACC Limited – With an EPS of Rs 46, ACC is a part of the Adani Group. The Rs 2,000 share had seen a high of Rs 2,785 in the last 52 weeks. It has fallen by 14.96% during the year, and risen by 30% in five years.
Ambuja Cement – Another Adani Group company, Ambuja has a presence in over 80 countries. It has an EPS of nearly Rs 13 and its share is presently trading at around Rs 430 (One-year fall is -2.78% while five-year return is 92%).
Grasim Industries – Cement is one of the several products that this diversified company deals in. This KM Birla company is trading at Rs 1,830 now and has delivered an EPS of Rs 104. The share has increased by 4.8% in one year, and by 79.6% in five years.
Cement stocks are traditionally cyclical with a dependency on energy and raw material prices, construction activity, and economic growth. As an investor, you must also keep these macro influences in mind, apart from studying the robustness of the cement stock itself.
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Disclaimer: This article is intended for general information purposes only and should not be construed as insurance or investment or tax or legal advice. You should separately obtain independent advice when making decisions in these areas.