India Cements Ltd up by 10.45 percent | Espresso


Espresso shot of the day – India Cements Ltd up by 10.45 percent

May 20, 2021
Espresso shot of the day – India Cements Ltd up by 10.45 percent

INDIA CEMENTS LTD 196.65 (+10.45%) BSE – INE383A01012 | 20TH MAY 2021

India Cements Limited was founded in the year 1946 by Shri S N N Sankaralinga Iyer and Sri T S Narayanaswami. They had the vision to inspire dreams for an industrial India, the ability to translate those dreams into reality and the ability to build enduring relationships and the future. Sri T S Narayanaswami, the banker turned industrialist, was the catalyst who saw the project cross through numerous hurdles and emerge as a viable and marketable proposition. He looked beyond cement and ventured into aluminium, chemicals, plastics and shipping. A pioneer industrialist and visionary, Sri T S Narayanaswami played a dynamic role in the resurgence of industrialisation in free India. From a two plant company having a capacity of just 1.3 million tonnes in 1989, India Cements has robustly grown in the last two decades to a total capacity of 15.5 million tonnes per annum. After the approval of a Scheme of Amalgamation and arrangement between Trinetra Cement Ltd and Trishul Concrete Products Ltd with The India Cements Limited, all the cement assets have come under one roof - India Cements Limited. India Cements Limited has now 8 integrated cement plants in Tamil Nadu, Telangana, Andhra Pradesh and Rajasthan and two grinding units, one each in Tamil Nadu and Maharashtra. While retaining cement over the years as its mainstay, India Cements Limited has ventured into related fields like shipping, captive power and coal mining that have purposeful synergy to the core business. This also stemmed from the company’s strategy of emerging as an integrated pan India player to combat uncertainties in securing energy and other inputs in the supply chain at competitive costs.

Recent Drivers

  • A meeting of Board of Directors of India Cements Limited will be held on Monday, the 24th May, 2021, to consider and approve audited annual accounts (both standalone and consolidated) for the year ended 31st March, 2021 and standalone and consolidated audited financial results for the quarter and year ended 31st March, 2021.
  • At the aforesaid meeting Board of Directors of India Cements Limited will also consider Payment of Dividend on equity shares for the year 2020-21 and Reappointment of Mr.N.Srinivasan as Managing Director of the Company.
  • On May 19, 2021, in his first interaction with leading industrialists after taking over as Tamil Nadu Chief Minister, MK sought their help in controlling the Coronavirus spread. Srinivasan of India Cements Limited while appreciating the steps being taken by the Chief Minister on a war footing to control the virus, suggested a small working group be formed with officials and industry representatives to look at the vaccination drive and other requirements. Government can inform the group what is needed. “We are prepared to convert occupational centres and other facilities in our factories into vaccination centres. We will help in the vaccination of the rural people by providing space and workers,” he said.
  • Demand for cement has been robust over Jan–Feb, led by a strong uptick in urban real estate and infrastructure activity. Regionally, demand continues to be strong in East, North, and Central, while it has now revived in West. South, however, remains weak.
  • India Cements Limited reported quarterly net profit at Rs 67.90 crores in December 2020.
  • India Cements Limited reported net sales at Rs 1,184.68 crores in December 2020.

(Sources: Moneycontrol, Business Standard, BSEIndia, The Hindu Business Line)

Technical Force*

  • S&P BSE 500 month till date gain up by -0.56%
  • Traded on 52 week high value 200
  • 3 months avg. volume of NSE: 2,75,674
  • Quantity traded: 10,09,891 | Deliverable quantity: 2,45,657 (24.33%)
  • Stock price has jumped more than 80% from one year low level: 107.45 | September 9, 2020
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 200 | 52-week-low: 107.45

Key Pivot  (Yearly)










Pivot Point










Fibonacci Pivot










Today’s Close




10 DAY


20 DAY


50 DAY


200 DAY


Some Key Ratios (Source: BSE)

Market Cap: 6,094.13 crores

PE: 154.91

OPM%: 12.87

ROE%: 0.72

Promoters holding%: 28.42

Prev. Close: 178.05

*Chart And Technical Force data taken from the Binge desktop app.

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comtrade Private Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.