Following China, India is the second largest cement producer in India. It is also the third-largest consumer of cement and cement-related goods. It is a crucial component of infrastructure and also helps to boost the construction sector of the economy.
Cement is a crucial material used to construct roads and residential and commercial buildings. The demand for cement is ever-increasing, and the future is bright for the cement industry.
It is evident that the cement industry in India is currently in a boom and is set to grow exponentially giving investors positive responses to invest in cement stocks in India. The current market situation suggests that the significant cement industry participant is progressively restoring their confidence, and challenging times are past. Investors may benefit from the current market situation and invest in cement stocks in India to reap long-term rewards from their investments. So, what are the best cement stocks in India? Let us look deeper into it!
List of Top Cement Stocks in India
Let’s look at the list of cement stocks in India to see which ones we should consider investing in long-term.
UltraTech Cement Ltd
UltraTech Cement Ltd., a member of the Aditya Birla Group, is one of the top cement stocks for long-term investments and India’s largest cement clinker supplier. It is among the largest producers of white cement, grey cement, and ready-mix concrete (RMC) in India; the corporation is also one of the biggest producers of cement worldwide.It has activities in Bangladesh, Sri Lanka, Bahrain, India, and the United Arab Emirates. UltraTech is India’s largest concrete producer, operating over 100 RMC factories across 35 locations. It also offers a wide range of specialty concrete to fulfill the demands of picky consumers.
Want to Invest in UltraTech Cement Ltd? Check out the Share Price of UltraTech Cement Ltd on SMC
J K Cement Ltd
Founded in 1994, JK Cement Ltd. is a mid-cap firm that engages in the production and distribution of cement. White cement, grey cement, and wall care putty are among the company’s product offerings. The installed capacity for producing grey cement is 15 MTPA and comprises JK Super Strong and JK Super Strong Weather Shield Cement in addition to Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC), and PSC. The business can produce 1.2 MTPA of white cement. Forty-three other nations worldwide, in addition to India, sell the items.
Want to Invest in JK Cement Ltd? Check out the Share Price of JK Cement Ltd on SMC
Ambuja Cements Ltd
The country’s third largest cement manufacturer is Ambuja Cements Ltd., which was established in 1983. It is a unit of the multinational company Lafarge Holcim that the Adani group acquired. The purchased share represented more than 50% of the business. Ambuja has five integrated cement production facilities and eight cement grinding units spread around the nation, with a combined capacity of 30 MT. It produces and sells clinker and cement in local and international markets. A little over 29.65 million tons is the company’s capacity. Ambuja Cement has eight cement grinding facilities and five integrated cement-producing plants in India.
Want to Invest in Ambuja Cements Ltd? Check out the Share Price of Ambuja Cements Ltd on SMC
India Cements Ltd
South India’s major cement producer and one of the top cement companies in India, is India Cements Ltd. Under the brand names Sankar Super Power, Raasi Gold, and ordinary Portland cement (OPC), Coromandel King, the firm sells ready-mix concrete and sulphate-resisting Portland cement (SRC).OPC is a high-strength cement used to construct concrete runways, roadways, and bridges. For plaster and finishing work, it uses high-durability mixed cement. Construction projects such as coastal works, water treatment facilities, basements, and chemical plants require SRC materials.
Want to Invest in India Cements Ltd? Check out the Share Price of India Cements Ltd on SMC
With a widespread operating and marketing presence in India, ACC Ltd is another top cement companies in India and the market leader for building materials. The Company was first known as Gujarat Ambuja Cements Ltd before changing its name to Ambuja Cements Ltd. Global cement giant Holcim bought managerial ownership of the Company in 2006, and Adani Group has recently bought the Holcim shareholding. ACC has significantly expanded during the last ten years. Its installed cement capacity as of FY22 is 36 MTPA. By 2024, the Company has committed to increasing output by 2.7 MT of cement and 4.8 MTPA of clinker. According to lore, ACC is one of the world’s most influential cement producers. It is thought to have some of the best environmental protection policies in the nation.
Want to Invest in ACC Ltd? Check out the Share Price of ACC Ltd on SMC
How to Identify Good Cement Stocks in India?
There are several ways in which investors can identify good cement stocks in India.
- Firstly, it is essential to look at a company’s financial health, as cement companies in India generally have strong balance sheets and healthy profit margins.
- Secondly, it is also essential to consider the company’s growth prospects, and many cement companies in India are well-positioned to benefit from the country’s strong economic growth.
- Finally, it is worth looking at the company’s competitive position in the market, as many cement companies in India have strong market positions.
In a volatile market, buying the best cement stocks in India can provide great returns. Many factors can affect the performance of the cement sector in India. With this knowledge, we hope you can make a more informed decision when investing your money in the cement sector in India.
Disclaimer: The provided information is solely for educational purposes. Investments in the stock market are prone to risk; thoroughly read all relevant documents or consult an expert before investing.