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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 blog, we delve into the Indian Cement sector, exploring top 10 cement stocks in India 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 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 in India.
1). UltraTech Cement Ltd. (BSE: ULTRACEMCO | NSE: ULTRACEMCO)
Founded in 2000, Ultratech Cement is the largest cement producer in India and 3rd largest in the world. With a manufacturing capacity of 114 million tones per annum.
Among all the peers, Ultratech cement has the highest market cap of ₹ 2,77,441 Cr.
The company sell various products under the brand names of Ultratech Cement, Ultratech Building Products, Ultratech Concrete, Ultratech Building Solutions & Birla White Cement and on 27-06-2024 Ultratech Cement buys 23% equity stake in India cement, estimated at Rs 1,885 crore.
Ultra Tech cement is present in 3 other countries UAE, Bahrain, and Sri Lanka and the total revenue generated from foreign operations is around 4%.
Now the company is focusing towards green power, it aims to increase green power shares 36% by 2025 from 18%.
Ultratech cement has the highest market capitalization among all the cement stocks, around 2,34,608 crores.
ultratech cement stock price: Rs. 9568
2). Ambuja Cements Ltd. (BSE: AMBUJACEM | NSE: AMBUJACEM)
Ambuja Cement is part of Adani group and one of the leading cement stocks, The Company produce 31 million tonnes per annum.
The company has six manufacturing plants and eight grinding units all over India.
Ambuja Cement aims to double its manufacturing capacity by 2028 through brownfield projects and de-bottlenecking.
In quarter four results the company has generated net profits of 64% at ₹1055 crores.
ambuja cement stock price: Rs. 616.25
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.
Grasim Industries Ltd is part of Aditya Birla Group, and the company core business consist of viscose Staple fibre (VSF), speciality chemicals, caustic soda, Grey cement, White cement and many more.
4). ACC Ltd. (BSE: ACC | NSE: ACC)
With a legacy dating back to 1936, ACC Limited is a part of the Holcim Group.
Cement and ready-mix concrete manufacturing and sales are the company's primary focus, serving the local Indian market with its manufacturing facilities.
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.
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.
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.
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.
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.
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.
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:
Ques 2. Cement stocks under Rs. 10?
Ans. Here is the list of Cement stocks under Rs. 10 are:
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.
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.
