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Top 10 Cement Stocks In India To Buy In 2024

Top 10 Cement Stocks In India To Buy In 2024

Top 10 Cement Stocks In India To Buy In 2024

India's cement industry has played an important role in the nation's development since independence. Over the years, it has witnessed remarkable progress across numerous regions, remaining a significant sector for the government.

 

In this article, we delve into the Indian Cement Stocks industry, exploring top 10 cement stocks in india poised for rapid expansion in 2024.

 

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Growth of the Indian Cement Industry

With India's growing population and extensive infrastructure development, cement demand is continually on the rise. As the second-largest cement manufacturer in the world, India contributes approximately 7% to global cement production.

 

Despite the COVID-19 pandemic, the cement industry demonstrated resilience in FY21, growing by 7.8% from 261 million tons to 262 million tons.

 

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According to IBEF statistics, this upward trend is projected to persist, with Cement consumption expected to reach 550-600 million tons by 2025. The need for residential, commercial, and industrial development drives this surge in demand.

 

Several government initiatives, such as MGNREGA, PM Garib Kalyan Rozgar Abhiyan, Matir Srishti, and public work projects, have also had an impact on housing demand.

 

Moreover, the construction of multimodal transport networks of world-class quality, including more than 100 smart city projects, will further boost the cement industry.

 

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Top 10 Best Cement Stocks in India for 2024

An Overview of Leading Cement Stocks Companies Listed in the Indian Stock Market. These Cement Stocks are good stocks for long term investment. You should know the Important Ratios You Must Know Before Investing. The following factors are what make the best Cement Stocks.

SL No. Company Market Cap in (Cr.) Dividend Yield Per Annum Share Price CAGR
1 UltraTech Cement Ltd 2,34,608 0.47 % 8,126 16%
2 Ambuja Cements Ltd 82,741 0.60 % 416 16%
3 Grasim Industries Ltd 1,18,880 0.28 % 1,805 14%
4 ACC Ltd 33,182 0.52 % 1,767 6%
5 Shree Cements Ltd 83,386 0.43 % 23,110 0.43 %
6 J K Cements Ltd 24,658 0.47 % 3,190 33%
7 Dalmia Bharat Ltd 36,014 0.47 % 1,921 N/A
8 RHI Magnesita Ltd 12,455 0.41 % 611 29%
9 The Ramco Cements Ltd 21,043 0.23 % 888 7%
10 Nuvoco Vistas Corporation Ltd 12,572 0.00 % 352 N/A

 

 

1). UltraTech Cement Ltd. (BSE: ULTRACEMCO | NSE: ULTRACEMCO)

UltraTech Cement Limited holds a dominant position in the Indian Cement market.

As the largest Cement producer in India, it offers a wide range of products catering to diverse construction needs.

With a global presence and strong market standing, UltraTech Cement is preferred for investors seeking stability and consistent returns.

Ultratech cement has the highest market capitalization among all the cement stocks, around 234608 crores

Company Market Cap in (Cr.) Dividend Yield Per Annum Share Price CAGR
UltraTech Cement Ltd 2,34,608 0.47 % 8,126 16%

 

 

2). Ambuja Cements Ltd. (BSE: AMBUJACEM | NSE: AMBUJACEM)

Ambuja Cements Limited, a subsidiary of LafargeHolcim, is a prominent player in the Indian Cement market.

 

Known for its focus on sustainability and innovation, the company offers a diverse product portfolio, making it an attractive cement stock for potential investors.

Company Market Cap in (Cr.) Dividend Yield Per Annum Share Price CAGR
Ambuja Cements Ltd 82,741 0.60 % 416 16%

 

 

3). Grasim Industries Ltd. (NSE: Grasim)

Headquartered in Mumbai, Grasim Industries Limited operates across various sectors, including Cement and financial services through its subsidiaries, UltraTech Cement and Aditya Birla Capital.

 

As a part of the Aditya Birla Group, Grasim Industries is another top cement stock to consider.

Company Market Cap in (Cr.) Dividend Yield Per Annum Share Price CAGR
Grasim Industries Ltd 1,18,880 0.28 % 1,805 14%

 

 

4). ACC Ltd. (BSE: ACC | NSE: ACC)

With a legacy dating back to 1936, ACC Limited is a part of the LafargeHolcim Group.

Cement and ready-mix concrete manufacturing and sales are the company's primary focus, serving the local Indian market with its manufacturing facilities.

Company Market Cap in (Cr.) Dividend Yield Per Annum Share Price CAGR
ACC Ltd 33,182 0.52 % 1,767 6%

 

 

5). Shree Cement Ltd. (BSE: SHREECEM | NSE: SHREECEM)

Shree Cement Limited is one of India's most cost-efficient Cement producers.

With an installed capacity of 43.4 MTPA, it is the third-largest Cement manufacturer in the country and shree cement comes under the top 5 most expensive share in India.

Company Market Cap in (Cr.) Dividend Yield Per Annum Share Price CAGR
Shree Cements Ltd 83,386 0.43 % 23,110 0.43 %

 

 

6). JK Cement Ltd. (BSE: JKCEMENT | NSE: JKCEMENT)

As one of the leading Cement producers in Northern India, JK Cement Limited has an installed grey Cement capacity of 14.7 million tons per annum (MNTPA).

It is also India's second-largest white Cement producer.

Company Market Cap in (Cr.) Dividend Yield Per Annum Share Price CAGR
J K Cements Ltd 24,658 0.47 % 3,190 33%

 

 

7). Dalmia Bharat Ltd. (BSE: DALBHARAT | NSE: DALBHARAT)

Founded by Shri Jaidayal Dalmia in 1939, Dalmia Bharat Limited is a renowned Cement company with a total capacity of 35.9 MTPA.

The company has a strong presence in 22 states, serving clients through an extensive network of dealers and sub-dealers.

Company Market Cap in (Cr.) Dividend Yield Per Annum Share Price CAGR
Dalmia Bharat Ltd 36,014 0.47 % 1,921 N/A

 

8). RHI Magnesita India Ltd.  (BSE: RHIM | NSE: RHIM)

RHI Magnesita India Ltd., previously known as Orient Refractories Ltd., specializes in refractories for the steel sector.

With unique and diverse products, it serves consumers both in India and abroad, making it a noteworthy cement stock option.

Company Market Cap in (Cr.) Dividend Yield Per Annum Share Price CAGR
RHI Magnesita Ltd 12,455 0.41 % 611 29%

 

9). Ramco Cements Ltd.  (BSE: RAMCOCEM | NSE: RAMCOCEM)

Ramco Cements has a significant presence in South India and is expanding into other regions as well.

With a customer-centric approach and commitment to quality, it presents an attractive option for investors looking to capitalize on regional market growth.

Company Market Cap in (Cr.) Dividend Yield Per Annum Share Price CAGR
The Ramco Cements Ltd 21,043 0.23 % 888 7%

 

 

10). Nuvoco Vistas Corporation Ltd.  (BSE: NUVOCO | NSE: NUVOCO)

Formerly known as Lafarge India Private Limited, Nuvoco Vistas Corporation Ltd. operates in the Cement and related industries.

With a vast network of dealers and sub-dealers, the company caters to the demand for Cement and construction materials.

Company Market Cap in (Cr.) Dividend Yield Per Annum Share Price CAGR
Nuvoco Vistas Corporation Ltd 12,572 0.00 % 352 N/A

 

 

Conclusion:

 

Cement stocks present promising investment opportunities in India for 2023, as the nation continues its robust infrastructure development and experiences increasing demand for housing and commercial projects.

The top 10 cement stocks listed above are well-established companies with strong financials, sustainability practices, and market presence, making them attractive for investors.

However, prudent investors must conduct thorough research, consider their risk tolerance, and seek professional advice before making any investment decisions.

As with any investment, constant monitoring and strategic analysis are vital to optimize potential returns, especially in a sector subject to market fluctuations. Happy investing!

 

 

FAQ

Ques 1. Cement stocks under Rs. 100?

Ans. Here is the list of  Cement stocks under 100 Rs are:

SL No. Company LTP Market Cap in (Cr.)
1 Andhra Cement Ltd 95.04 877
2 Shiva Cement Ltd. 47.2 921
3 Bheema Cements Ltd. 35.07 114
4 Udaipur Cement Works Ltd. 25.7 1434
5 Saurashtra Cement Ltd. 62.15 689
6 Shree Digvijay Cement Company Ltd. 80.77 1166
7 Barak Vally Cements Ltd. 35.24 77

 

Ques 2. Cement stocks under Rs. 10?

Ans. Here is the list of  Cement stocks under Rs. 10 are:

Company LTP Market Cap in (Cr.)
Burnpur Cement Ltd. 4.25 37

 

 

Ques 3. What are the best small-cap cement stocks in India?

Ans. Here is the list of the best small-cap cement stocks in India.

SL No. Company LTP Market Cap in (Cr.)
1 HeidelbergCement India 176 3995
2 Orient Cement 146.7 3000
3 Sagar Cement 201.86 2638
4 Sanghi Industries Ltd. 89.5 2395
5 Jaiprakash Associates Ltd. 7.8 1902

 


Ques 4. Is it a good time to buy cement stocks?

Ans. Yes, it is a good time to invest in cement stocks as it is one of the most reliable industries when it comes to growth, cement stocks are always in high demand. As India is a developing country the need for housing, commercial, and industrial buildings and bridges also grows. There are several infrastructure and housing projects being planned by the Government of India, like the PM Awas Yojana. This shows that cement's demand will never decrease.

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