Top Cement Companies in India 2023 - Top 10 Ranked
by Maivizhi A
Updated Apr 04, 2023
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Top Cement Companies in India 2023
The Cement Industry is one of the eight primary sectors in the country, and it has been a crucial industry for the government since independence due to its growth and significance in many regions. Cement is an essential component of all infrastructure projects, including rural and urban development, residential, commercial, industrial, and transportation projects. Thanks to government initiatives, the Cement industry in India has experienced substantial volume expansion. India's Cement industry is expanding rapidly due to the country's population growth and extensive infrastructure development. India is the world's second-largest Cement manufacturer, producing 7% of the global capacity. In FY21, India's Cement production capacity increased by 7.8% to approximately 262 million tonnes, despite the contraction of the industrial and construction sectors during the COVID-19 pandemic and subsequent lockdowns.
According to IBEF statistics, this growth trend is expected to continue, with Cement consumption predicted to reach 550-600 million tonnes by 2025. The demand for residential, commercial, and industrial development is the primary driving force behind this increase. Government initiatives like MGNREGA, PM Garib Kalyan Rozgar Abhiyan, Matir Srisht, and public work projects have also boosted the demand for housing.
Moreover, the government plans to develop a world-class, seamless multimodal transport network in India, which will benefit the Cement industry. As a result, the Cement sector will significantly benefit from India's fast-rising infrastructure needs, which include over 100 smart city projects and related infrastructure projects in the coming years.
Top 10 Cement Companies in India 2023
Here is the list of Top 10 Cement companies in India 2023. Check out below to know about these cement stocks.
S.No
Cement Stocks
1.
UltraTech Cement Ltd.
2.
Grasim Industries Ltd.
3.
Ambuja Cements Ltd.
4.
Shree Cement Ltd.
5.
ACC Ltd.
6.
Dalmia Bharat Ltd.
7.
J K Cement Ltd.
8.
Ramco Cements Ltd.
9.
Nuvoco Vistas Corporation Ltd.
10.
RHI Magnesita India Ltd.
Let us see each cement stock in detail.
1. UltraTech Cement Ltd.
UltraTech Cement Ltd. is a leading Indian company involved in the production and distribution of Cement and other related products. It is recognized as the most successful Cement company in India, the third most successful Cement company globally (excluding China), and the most successful Cement manufacturer worldwide. Moreover, Ultratech Cement is the largest Cement producer in India and is also considered the top Cement share in the country.
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2. Grasim Industries Limited
Grasim Industries Limited is a manufacturing firm based in Mumbai, India. Established in 1947 as a textile manufacturer, Grasim Industries Limited has since diversified its operations into various sectors, including Cement and financial services through its subsidiaries Aditya Birla Capital and UltraTech Cement, as well as chemicals, insulators, and textile raw materials like viscose staple fiber (VSF) and viscose filament yarn. The Aditya Birla Group owns the company, which is also recognized as one of the leading Cement shares in India.
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3. Ambuja Cements
Ambuja Cements Ltd. is a leading Cement manufacturer in India, operating in over 80 countries and specializing in the production of Cement, aggregate, and concrete. It is widely regarded as one of the best Cement companies in India.
As part of the global corporation LafargeHolcim Limited, which is headquartered in Switzerland and has operations in over 70 countries, Ambuja Cements offers a range of Cement products, including ordinary Portland Cement, Portland pozzolana Cement, waterproof Cement, and water-repellent Cement. The company also produces a variety of other products, such as concrete blocks, aggregates, and concrete.
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4. Shree Cement Limited
Shree Cement Limited is a prominent Cement manufacturer in India that focuses on producing and distributing Cement and Cement-related products at an affordable price point. Its primary operations revolve around the production and sale of Cement. With an installed capacity of 43.4 MTPA, it stands as the third-largest Cement manufacturer in the country.
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5. ACC Limited
ACC Limited, established in 1936, is a member of the LafargeHolcim Group, and its core business is the production and distribution of Cement and ready-mix concrete. The firm operates manufacturing facilities across India and primarily serves the domestic Indian market.
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6. Dalmia Bharat Limited (DBL)
In 1939, Shri Jaidayal Dalmia founded Dalmia Bharat Limited (DBL), a prominent cement company with a total capacity of 35.9 MTPA. Today, the company operates 14 production facilities that cater to customers in 22 states through a network of over 32,000 dealers and sub-dealers. DBL has a significant market presence in each of its three business segments, namely cement, sugar, and refractories. DBL was originally established on July 12, 2013, under the Companies Act of 1956, as Odisha Cement Limited.
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7. J.K. Cement Limited
J.K. Cement Limited, an affiliate of the J.K. Organization founded by Lala Kamlapat Singhania in 1994, is one of the largest Cement manufacturers in Northern India. With a grey Cement capacity of 14.7 million tonnes per annum (MnTPA), it is a leading producer in the country.
Moreover, J.K. Cement is the second-largest white Cement producer in India, with an installed capacity of 600,000 tonnes per year. It is also the second-largest wall putty manufacturer in the country, with an installed capacity of 700,000 tonnes per year.
![Top Cement Companies in India 2023 - Top 10 Ranked Top Cement Companies in India 2023 - Top 10 Ranked](https://img20.fresherslive.com/latestnews/2023/04/j-k-cement-ltd-642ba4eb9e5ca92008581-900.webp)
8. Ramco Cements Ltd.
Ramco Cements Limited is a Chennai-based company that specializes in manufacturing and distributing Cement and allied products. Additionally, the company has diversified its business by producing and selling Calcium Silicate Boards, Fiber Cement sheets, computer software, and spinning cotton yarn. Ramco Cements Limited also generates additional energy through its windmills.
![Top Cement Companies in India 2023 - Top 10 Ranked Top Cement Companies in India 2023 - Top 10 Ranked](https://img20.fresherslive.com/latestnews/2023/04/ramco-cements-ltd-642ba4eb9e5ca44798177-900.webp)
9. Nuvoco Vistas Corporation Ltd
Nuvoco Vistas Corporation Ltd, previously known as Infra Cement India Private Limited, was established as a Private Limited Company in Mumbai on February 8, 1999, in accordance with the Companies Act of 1956. On May 25, 1999, the name of the Company was changed to Lafarge India Private Limited and approved by the RoC, and a new Certificate of Incorporation was issued.
The Company was recognized as a public limited company from November 2, 1999, but later, on April 16, 2003, the status of the Company changed from a presumed public limited company to a private limited company, according to a resolution.
![Top Cement Companies in India 2023 - Top 10 Ranked Top Cement Companies in India 2023 - Top 10 Ranked](https://img20.fresherslive.com/latestnews/2023/04/nuvoco-vistas-corporation-ltd-642ba4eb9e5ca77141983-900.webp)
10. RHI Magnesita India Ltd
RHI Magnesita India Ltd., previously known as Orient Refractories Ltd., is among the top manufacturers of refractories in India, mainly catering to the steel sector. The company offers a wide range of unique refractories, which are sold both domestically and internationally. It operates three state-of-the-art manufacturing facilities in Rajasthan, Andhra Pradesh, and Odisha, and has a franchise in Salem, Tamil Nadu, for the production of elemental spray mass. The company's products include Isostatically Pressed Continuous Casting Refractories, Slide Gate Plates, Nozzles, and Well Blocks, as well as Slag-arresting darts and Tundish Nozzles for Bottom Purging Refractories and Top Purging Lances Basic Spray Mass for Castables and Tundish Working Lining.
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Which is the No 1 Cement Company in India?
UltraTech Cement Ltd. is a prominent cement manufacturer in India, producing the largest quantity of grey cement, Ready Mix Concrete (RMC), and white cement in the country, as well as being one of the top cement producers worldwide. It is the largest among India's top five cement companies and is a subsidiary of Grasim Industries, which is owned by the Aditya Birla Group. The company has a consolidated production capacity of 102.75 Million Tonnes Per Annum (MTPA) of grey cement, with 20 integrated plants, 1 clinkerisation plant, 26 grinding units, and 7 bulk terminals. Its market share is 21.4%, and it generated a revenue of Rs 38,657 Cr. It has a significant presence in India, UAE, Bahrain, Bangladesh, and Sri Lanka, with a diverse workforce of 120,000 employees belonging to 42 different nationalities across 36 countries. It is also India's largest cement exporter and is widely regarded as the best cement company in India.
UltraTech Cement has a market capitalization of Rs 107,207 Cr, a stock P/E of 35.61, and a dividend yield of 0.29%. It has a ROCE of 10.22%, ROE of 8.58%, and a sales growth rate of 14.12% over the past three years. The promoter holding is 61.68%, debt to equity is 0.80, and price to book value is 3.78. In the white cement segment, the company markets its products under the brand name of Birla White and has a white cement plant with a capacity of 0.56 MTPA and 2 WellCare putty plants with a combined capacity of 0.8 MTPA. With its impressive production capacity, diverse geographical presence, and robust financials, UltraTech Cement is considered one of the best cement companies in India.
Conclusion
Investors frequently prioritize Cement stocks, as the Cement industry has a track record of being one of the most dependable sectors for growth. Despite occasional fluctuations in Cement stock prices due to recent occurrences, the industry is poised for sustained progress and can be an excellent asset to any investment portfolio. It is strongly recommended to consult with a broker and conduct thorough research before investing in Cement stocks, as there are numerous established players in the market and intense competition, making it difficult to recommend any specific company.
Top Cement Companies in India 2023 - FAQs
The Cement Industry is one of the primary sectors in India and has been a crucial industry for the government since independence due to its growth and significance in many regions.
India's Cement industry is expanding rapidly due to the country's population growth and extensive infrastructure development. India is the world's second-largest Cement manufacturer, producing 7% of the global capacity.
The Top 10 Cement Companies in India 2023 are UltraTech Cement Ltd., Grasim Industries Ltd., Ambuja Cements Ltd., Shree Cement Ltd., ACC Ltd., Dalmia Bharat Ltd., J K Cement Ltd., Ramco Cements Ltd., Nuvoco Vistas Corporation Ltd., and RHI Magnesita India Ltd.
Ultratech Cement is the largest Cement producer in India, and it is also considered the top Cement share in the country.
The demand for residential, commercial, and industrial development is the primary driving force behind the increase in Cement consumption in India. Government initiatives like MGNREGA, PM Garib Kalyan Rozgar Abhiyan, Matir Srisht, and public work projects have also boosted the demand for housing.