India Cements Ltd
About
India Cements Limited was acquired by Aditya Birla Group’s flagship company, UltraTech Cement Limited, in 2024. India Cements was founded in 1946 by S. N. N. Sankaralinga Iyer and T. S. Narayanaswami in the Tirunelveli district in Tamil Nadu. The company grew from a 1.3 million tonne cement production capacity to a 14.45 million tonnes per annum capacity through 8 cement plants in Tamil Nadu, Telangana, Andhra Pradesh, and Rajasthan, and one grinding unit in Tamil Nadu. Its products are sold under Conkrete Super Kings, Coromandel King, Sankar Super Power, Raasi Gold, Halo Super Kings, and the Coromandel SRPC for its specialty cements. India Cements also exports these products to countries like Seychelles, Sri Lanka, Nepal, Bangladesh, and Myanmar.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 5177 -12.0% | 5884 19.8% | 4911 9.8% | 4474 -14.8% | 5253 -9.9% | 5831 10.8% | 5263 1.2% | 5200 5.8% | 4916 -2.8% | 5058 -1.5% | 5134 -1.6% | 5217 12.2% | 4651 26.4% | 3679 -6.4% | 3930 10.2% | 3565 - |
| Net Operating Income (INR Cr) | 5112 -8.84% | 5608 15.43% | 4858 7.71% | 4511 -13.03% | 5186 -10.12% | 5770 9.56% | 5267 2.03% | 5163 5.73% | 4883 -3.52% | 5060 -0.48% | 5085 -1.45% | 5159 11.41% | 4631 27.85% | 3622 -3.28% | 3745 9.22% | 3429 12.59% |
| Profit (INR Cr) | -227 - | -127 - | 78 -62.1% | 207 312.2% | 50 138.2% | 21 -67.6% | 65 -60.8% | 166 42.3% | 117 - | -3 - | -243 - | 188 -30.7% | 271 305.7% | 67 -81.0% | 352 -16.7% | 422 - |
| Assets (INR Cr) | 8871 -6.6% | 9496 -4.4% | 9930 9.3% | 9083 -3.2% | 9381 5.1% | 8923 2.8% | 8683 2.2% | 8500 -1.4% | 8616 22.3% | 7046 -5.2% | 7434 -1.6% | 7556 4.5% | 7232 3.6% | 6981 10.0% | 6347 14.9% | 5526 - |
| Net Worth (INR Cr) | 5143 -3.6% | 5337 -3.0% | 5504 1.0% | 5448 -0.9% | 5498 4.8% | 5246 -0.4% | 5269 1.8% | 5175 2.5% | 5050 64.1% | 3077 -7.1% | 3313 -6.9% | 3560 3.2% | 3451 0.3% | 3442 0.1% | 3438 19.9% | 2868 14.3% |
| Employee Cost (INR Cr) | 378 4.4% | 362 8.3% | 334 3.5% | 323 -8.7% | 353 -1.5% | 359 -9.0% | 394 8.1% | 365 1.5% | 359 3.2% | 348 -7.7% | 377 9.3% | 345 12.7% | 306 17.5% | 260 2.7% | 254 24.8% | 203 - |
| Interest Cost (INR Cr) | 244 | 242 | 198 | 271 | 343 | 350 | 365 | 380 | 440 | 478 | 411 | 369 | 333 | 153 | 143 | 112 |
| Cash & Bank Balance (INR Cr) | 84 | 65 | 46 | 40 | 43 | 49 | 54 | 38 | 36 | 7 | 7 | 10 | 12 | 51 | 77 | 88 |
| Total Debt (INR Cr) | 2618 | 2945 | 3091 | 3041 | 3582 | 3344 | 3197 | 3100 | 3296 | 3502 | 3498 | 3316 | 3035 | 2736 | 2301 | 1989 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | - | 1.6% | 4.6% | 1.0% | 0.4% | 1.2% | 3.2% | 2.4% | - | - | 3.6% | 5.8% | 1.8% | 9.0% | 11.9% |
| Profit As % Of Assets | - | - | 0.8% | 2.3% | 0.5% | 0.2% | 0.8% | 2.0% | 1.4% | - | - | 2.5% | 3.8% | 1.0% | 5.5% | 7.6% |
| Profit As % Of Networth | - | - | 1.4% | 3.8% | 0.9% | 0.4% | 1.2% | 3.2% | 2.3% | - | - | 5.3% | 7.9% | 1.9% | 10.2% | 14.7% |
| Interest Cost to EBITDA % | 246.1% | - | 40.8% | 34.4% | 59.1% | 56.0% | 51.5% | 42.8% | 50.6% | 62.7% | 88.4% | 39.4% | 35.4% | 35.0% | 19.5% | 13.3% |
| Debt to Equity Ratio | 0.51 | 0.55 | 0.56 | 0.56 | 0.65 | 0.64 | 0.61 | 0.60 | 0.65 | 1.14 | 1.06 | 0.93 | 0.88 | 0.79 | 0.67 | 0.69 |
| RONW | - | - | 1.2% | 3.8% | 1.2% | 0.5% | 1.4% | 3.1% | 2.9% | - | - | 5.1% | 7.5% | 1.1% | 11.0% | 18.0% |
| ROCE | -0.8% | -3.6% | 3.1% | 6.4% | 4.2% | 4.7% | 5.3% | 7.4% | 7.9% | 7.0% | 4.6% | 9.2% | 10.4% | 3.4% | 12.6% | 18.4% |