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List of Cement Stocks in India (2025)

The cement sector in India contributes approximately 1.3% to the country's GDP, driving infrastructure growth and creating employment opportunities. Here are the best cement stocks in India.

Best Cement Sector Stocks in India (2025)

Cement Stock Screener

Cement Stock Screener: Analyse & Filter Indian Stocks on Tickertape

Showing 1 - 20 of 44 results

last updated at 6:30 AM IST 
NameStocks (44)Sub-SectorSub-SectorMarket CapMarket CapClose PriceClose PricePE RatioPE Ratio1D Return1D Return1M Return1M Return6M Return6M Return1Y Return1Y ReturnPB RatioPB RatioReturn on EquityReturn on EquityROCEROCEDividend YieldDiv YieldDebt to EquityDebt to EquityVolatility vs NiftyVolatility vs Nifty
1.UltraTech Cement LtdULTRACEMCOCementCement3,40,878.283,40,878.2811,608.0011,608.0056.4556.450.150.15-2.73-2.735.215.21-1.35-1.354.614.619.009.009.069.060.670.670.330.331.661.66
2.Grasim Industries LtdGRASIMCementCement1,72,008.041,72,008.042,730.402,730.4046.4246.420.370.37-6.29-6.297.097.090.480.481.091.092.502.505.945.940.400.401.181.181.701.70
3.Ambuja Cements LtdAMBUJACEMCementCement1,32,329.071,32,329.07536.90536.9031.7531.750.290.29-8.10-8.10-2.81-2.81-4.92-4.922.072.077.277.279.159.150.370.370.010.011.751.75
4.Shree Cement LtdSHREECEMCementCement94,892.3794,892.3726,450.0026,450.0084.5284.520.570.57-6.10-6.10-10.16-10.16-3.48-3.484.404.405.315.316.686.680.420.420.050.051.671.67
5.J K Cement LtdJKCEMENTCementCement44,093.1344,093.135,618.505,618.5051.2051.20-1.54-1.54-1.48-1.480.710.7121.2821.287.287.2815.1415.1413.3213.320.260.261.001.002.202.20
6.Dalmia Bharat LtdDALBHARATCementCement37,203.5537,203.551,990.301,990.3054.4754.470.340.34-4.89-4.89-3.38-3.382.772.772.132.134.024.024.874.870.450.450.330.331.851.85
7.ACC LtdACCCementCement34,556.6134,556.611,815.201,815.2014.3914.39-1.36-1.36-1.99-1.99-3.29-3.29-18.99-18.991.861.8613.7713.7716.3816.380.410.410.020.021.601.60
8.Ramco Cements LimitedRAMCOCEMCementCement24,279.0424,279.041,015.401,015.4089.0589.05-1.18-1.18-0.07-0.071.601.60-2.43-2.433.263.263.713.716.496.490.190.190.630.631.961.96
9.JSW Cement LtdJSWCEMENTCementCement14,413.2214,413.22111.48111.48-126.34-126.343.203.20-20.42-20.42-23.68-23.68-23.68-23.683.383.38-2.72-2.724.974.97--1.091.092.292.29
10.Nuvoco Vistas Corporation LtdNUVOCOCementCement12,584.4012,584.40352.75352.75576.21576.210.110.11-13.97-13.97-0.83-0.83-3.21-3.211.401.400.240.244.054.05--0.450.452.202.20
11.India Cements LtdINDIACEMCementCement11,642.8411,642.84412.15412.15-81.03-81.039.709.70-6.54-6.5420.9020.9011.4711.471.141.14-1.82-1.820.510.51--0.110.113.123.12
12.RHI Magnesita India LtdRHIMCementCement9,460.869,460.86452.60452.6046.7146.71-1.21-1.21-4.65-4.652.832.83-19.16-19.162.372.375.165.167.047.040.550.550.090.092.882.88
13.JK Lakshmi Cement LtdJKLAKSHMICementCement9,430.019,430.01748.55748.5534.0634.06-1.45-1.45-13.01-13.01-7.06-7.06-9.67-9.672.652.658.108.108.918.910.810.810.740.742.282.28
14.Star Cement LtdSTARCEMENTCementCement8,979.278,979.27222.52222.5253.1353.130.160.16-14.46-14.462.552.557.177.173.123.126.056.058.018.01--0.140.142.762.76
15.Birla Corporation LtdBIRLACORPNCementCement8,424.388,424.381,082.301,082.3028.5328.53-1.07-1.07-8.21-8.21-20.39-20.39-15.94-15.941.201.204.314.316.056.050.910.910.500.502.782.78
16.Prism Johnson LtdPRSMJOHNSNCementCement6,837.096,837.09133.62133.6285.5485.54-1.63-1.63-6.16-6.16-2.89-2.89-30.75-30.753.463.464.294.295.905.90--0.900.903.093.09
17.Heidelbergcement India LtdHEIDELBERGCementCement4,074.284,074.28177.38177.3838.1738.17-1.34-1.34-7.80-7.80-8.06-8.06-21.42-21.422.922.927.457.4510.8510.853.893.890.050.051.921.92
18.Orient Cement LtdORIENTCEMCementCement3,371.803,371.80162.54162.5436.9636.96-0.96-0.96-24.91-24.91-53.00-53.00-52.12-52.121.871.875.145.147.357.350.300.300.040.042.462.46
19.Ramco Industries LtdRAMCOINDCementCement2,757.222,757.22314.20314.2015.2415.24-1.04-1.04-12.49-12.4914.3414.340.460.460.650.654.364.363.633.630.310.310.060.062.742.74
20.Pokarna LtdPOKARNACementCement2,697.812,697.81861.30861.3014.3914.39-1.02-1.02-4.19-4.19-17.66-17.66-30.19-30.193.473.4727.3727.3726.9226.920.070.070.470.474.744.74

Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Sub-sector: Cement | Market Cap: Sorted from Highest to Lowest

How to Invest in Cement Sector Stocks?

Investing in cement stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in cement stocks:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Search for Cement Stocks India: Go to Tickertape Stock Screener and select “Cement” under “Materials” sector.
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top cement stocks India.
  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, cement stock market performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
  5. Add to Watchlist: You may keep track of potential cement sector investments by adding them to your watchlist.
  6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Overview of Top Cement Stocks in India

UltraTech Cement Ltd

UltraTech Cement Ltd is the largest cement producer and a global leader in the building materials sector. It appears among the biggest cement companies in India and specialises in manufacturing grey cement, white cement, and ready-mix concrete, catering to infrastructure and construction needs with an extensive network across India and abroad.

Grasim Industries Ltd

Grasim Industries Ltd, a flagship company of the Aditya Birla Group, operates in diverse sectors, including viscose staple fibre, chemicals, and cement. It is also a key player in financial services and a prominent shareholder in UltraTech Cement, strengthening its foothold in the building materials industry.

Ambuja Cements Ltd

Ambuja Cements Ltd is a leading Indian cement manufacturer, renowned for producing high-quality cement with a sustainable approach. Part of the Holcim Group, it serves the construction and infrastructure sectors with eco-friendly solutions and innovative products, leveraging a robust distribution network across India.

Shree Cement Ltd

Shree Cement Ltd is a prominent Indian cement producer known for its focus on energy-efficient practices and green technologies. With a wide range of cement products, it serves diverse construction needs while maintaining a strong presence in both domestic and international markets.

J K Cement Ltd

J K Cement Ltd is a prominent cement manufacturer in India, specialising in the production of grey cement, white cement, and ready-mix concrete. It serves the construction and infrastructure sectors. You can also visit Tickertape Stock Screener to get a detailed update on the top 10 cement stocks in India.

What are Cement Sector Stocks?

Cement sector stocks involve companies in cement production and distribution, often included in broader portfolios with other building materials. Cement is vital for infrastructure projects, with demand linked to economic conditions. Investors can access these stocks through individual purchases, sector-focused ETFs, or mutual funds, including those in the cement industry.

About Cement Industry in India

The Indian cement industry is the second-largest globally, accounting for 8% of the world's installed capacity. It plays a vital role in infrastructure development, with private players dominating the market, and the top 20 companies control around 70% of production. In FY23, India's cement production reached 374.55 mn tonnes, with a total capacity of 595 mn tonnes per annum (MTPA). The industry is set to grow with projections of an additional 80 mn tonnes by 2025.


Key Aspects of the Cement Industry in India:

  1. Growth Drivers: Government infrastructure projects, rural housing demand, and industrial sector expansion.
  2. Challenges: High taxation, regulatory costs, logistical hurdles, and energy/environmental concerns.
  3. Sustainability: Adoption of green initiatives to reduce CO2 emissions.
  4. Technological Advancements: Energy-efficient production and modernized plants.

Future of Cement Sector Stocks

  1. Rising Demand: India’s growing population and large-scale infrastructure development are driving increasing demand for cement and related materials.
  2. Global Position: India is the second-largest cement producer globally, accounting for 7% of the world’s cement capacity.
  3. Cement Production Growth: India’s cement production capacity reached nearly 262 million tonnes (MT) in FY21, growing by 7.8% despite the challenges of the COVID-19 pandemic.
  4. Projected Cement Industry Growth in India: By 2025, the cement industry is expected to reach 550-600 MT per annum, driven by high demand in housing, commercial, and industrial construction.
  5. Government Initiatives: Schemes like MGNREGA, PM Garib Kalyan Rozgar Abhiyan, and state-level initiatives have further stimulated demand for housing.
  6. Infrastructure Development: The 'PM Gati Shakti - National Master Plan' launched in 2021 aims to enhance multimodal connectivity, benefiting the cement industry.
  7. Smart City Projects: The demand for cement is expected to rise with over 100 smart city projects and related infrastructure developments in the pipeline.

Features of Investing in Cement Stocks

Steady Demand

Cement is a fundamental building material with consistent demand driven by infrastructure, housing, and construction projects, ensuring a relatively stable market for cement companies.

High Capital Investment

Cement companies typically require significant capital investment for plant setup, machinery, and distribution networks, making them asset-heavy businesses with long-term growth potential.

Price Sensitivity

The cement stock market performance in India is often influenced by fluctuations in the price of raw materials and energy, which can affect profit margins and stock valuations.

Economic Linkage

Cement stocks tend to correlate with economic growth, particularly in sectors such as construction and infrastructure development. They can benefit during periods of strong economic activity, but may face downturns during slowdowns.

Dividends and Stable Cash Flow

Many cement companies generate steady cash flow, allowing them to pay regular dividends. This makes cement stocks in India attractive to income-focused investors.

Market Competition

The cement industry is highly competitive, with a mix of large and small players. Companies with strong brands, efficient operations, and market leadership can maintain a competitive edge in the industry.

Advantages of Investing in Cement Stocks in India

Strong Demand Backed by Infrastructure Growth

Urbanisation and industrial growth fuel demand, providing a stable foundation for the cement sector for investment, potentially offering long-term growth opportunities. As the infrastructure boom continues, investing in the best cement stocks in India may benefit you from this upward trend.

Diversification Within the Cement Sector

While large-cap cement companies dominate the industry, small-cap cement stocks present unique growth opportunities. These companies may not yet be at the top in terms of cement stock market share, but they have the potential to expand rapidly and deliver significant returns to investors.

Solid Earnings and Dividend Potential

Many of the best cement stocks in India for long-term investments display solid financials and consistent earnings. As you review a cement stocks screener, you can consider the companies with a healthy balance sheet and a consistent dividend history.

Long-Term Investment Potential

The demand for cement is projected to grow steadily in the coming decades due to ongoing infrastructure projects and urban expansion. Hence, the best cement shares to buy now can provide sustained growth over time.

Risks of Investing in Cement Stocks

Raw Material Price Volatility

Cement companies are heavily dependent on raw materials, such as limestone and fuel. Price fluctuations of these can impact the cost of production and profitability.

Economic Cycles

Cement stocks are economically sensitive. During an economic slowdown, demand for construction and infrastructure projects decreases, and revenue gets impacted.

Environmental Regulations

Stricter environmental regulations and sustainability initiatives can increase operational costs for cement manufacturers and impact their profitability and stock performance.

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Factors to Consider Before Investing in Cement Stocks

Economic Growth

Cement shares are closely tied to a country's overall economic performance. As infrastructure development and construction activities increase in tandem with the growth of the cement sector, cement demand also rises. This, in turn, increases cement company shares, especially those listed in the Indian cement company list.

Government Policies and Infrastructure Spending

Government initiatives to enhance infrastructure, like roads, buildings, and bridges, directly impact the cement sector in India. Increased public spending on infrastructure projects can help cement company stocks in India for long-term returns.

Input Costs

The prices of raw materials (limestone, coal, and electricity) required for cement production affect the profitability of cement companies. Any change in these costs directly impacts the cement company's stock prices.

Housing and Real Estate Sector Performance

The health of the housing and real estate sector is a key demand driver for the cement industry. A booming real estate sector means more cement consumption. This leads to an increased market share in India, which in turn can impact the cement company's share price fluctuations.

To Wrap Up

The Indian cement sector is a significant contributor to the economy, driven by demand from infrastructure and housing projects. With forecasted market growth, the sector faces challenges such as raw material price fluctuations and regulatory changes. Despite these challenges, the industry remains crucial for development, particularly with government spending on infrastructure. The investors may want to assess key factors, including economic trends and government policies, when evaluating cement stocks. For that detailed cement stocks analysis, you can explore Tickertape Stock Screener.

Frequently Asked Questions on Cement Stocks

  1. 1. What are the top cement stocks in NSE?

    Apart from the list given in the overview, here are some more top cement companies in India on the NSE, sorted according to their market capitalisation:
    1. Dalmia Bharat Ltd
    2. ACC Ltd
    3. Ramco Cements Limited

  2. 2. What are the best small-cap cement stocks in India?

    The best small-cap cement stocks or infrastructure stocks in India, sorted by market capitalisation, are:
    1. Ramco Cements Limited
    2. Nuvoco Vistas Corporation Ltd
    3. RHI Magnesita India Ltd
    4. JK Lakshmi Cement Ltd
    5. India Cements Ltd

  3. 3. What are the top penny cement stocks or undervalued cement stocks in India?

    The top cement penny stocks currently trading under ₹10 in India are:
    1. Oriental Trimex Ltd
    2. Burnpur Cement Ltd
    3. Navoday Enterprises Ltd

  4. 4. Is the cement sector profitable?

    Cement is a competitive and capital-intensive industry with lower profit margins compared to other sectors, around 5-10% of revenue. But profitability can vary widely across India depending on local demand, regulatory policies and availability of raw materials. To see top 10 cement stocks in India, visit Tickertape Stock Screener

  5. 5. What key factors to consider when evaluating the performance of the best-performing cement stocks?

    When analysing cement stock performance, consider revenue growth, EBITDA margin, and debt-to-equity ratio. Additionally, examine cash flow and return on equity (ROE) to gauge overall profitability and financial health.

  6. 6. Is diversification necessary for cement sector stocks?

    Diversification can help reduce sector risks by spreading investments across different sectors, including the cement sector, and thus minimise the impact of fluctuations in a single sector.

  7. 7. How do I evaluate cement sector stocks before investing?

    Investors can evaluate cement sector stocks by examining key financial metrics, including revenue growth, profit margins, debt, cash flow, industry trends, and competitive position.

  8. 8. How do cement sector stocks perform during economic downturns or recessions?

    The cement share price may drop during economic downturns as construction and infrastructure activity decrease. The sector is closely tied to overall economic conditions.

  9. 9. Is it worth investing in Cement Sector Stocks?

    The performance of the top 10 cement stocks in India is dependent on infrastructure development, construction activity, and economic cycles. One should assess market conditions and company performance before investing.

  10. 10. How do changes in government policies and regulations affect cement sector stocks?

    Changes in government policies like construction regulations, infrastructure development plans or environmental standards can impact India Cement’s share price, both demand and production costs.