Top 10 Cement Stocks In India: All Details You Need To Know – India’s cement organization has substantially contributed to the dominion’s boom for the reason that independence. Over the years, it has made exquisite progress all through diverse regions, maintaining its importance as a key quarter for the authorities. In this weblog, we delve into the Indian cement region, exploring the top 10 cement stocks in India for 2024.
Growth of the Indian Cement Industry And Top 10 Cement Stocks
With India’s increasing populace and tremendous infrastructure improvement, cement call for keeps to upward push. As the area’s 2nd-biggest cement producer, India contributes round 7% to global cement production.
Despite the COVID-19 pandemic, the cement enterprise showed resilience in FY21, growing with the useful resource of 7.8% from 261 million lots to 262 million heaps.
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- According to IBEF records, this boom style is predicted to hold, with cement intake projected to attain 550-600 million tons through 2025. The growing want for residential, commercial, and business improvement drives this surge in demand.
- Several government tasks, together with MGNREGA, PM Garib Kalyan Rozgar Abhiyan, Matir Srishti, and public paintings tasks, have moreover boosted housing name for.
- Additionally, the improvement of global-class multimodal delivery networks, which consist of over 100 smart city initiatives, will further enhance the cement employer’s increase.
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Top 10 Cement Stocks in India for 2024
Here’s a pinnacle degree view of main cement stock companies listed inside the Indian stock market. These cement shares are correct for lengthy-term investment. Understanding critical ratios is vital earlier than investing. Below are elements that make the first-class cement shares in India:
1. UltraTech Cement Ltd. (BSE: ULTRACEMCO | NSE: ULTRACEMCO)
Founded in 2000, UltraTech Cement is India’s largest cement producer and the third-largest globally, with a manufacturing capacity of 114 million tonnes per annum. With the highest market cap among peers at ₹2,77,441 Cr, the company sells products under various brand names and has international operations. UltraTech aims to increase its green power share to 36% by 2025.
2. Ambuja Cements Ltd. (BSE: AMBUJACEM | NSE: AMBUJACEM)
Part of the Adani Group, Ambuja Cement produces 31 million tonnes per annum. The company aims to double its capacity by 2028 through brownfield projects. In the fourth quarter, it generated net profits of 64% at ₹1055 Cr.
3. Grasim Industries Ltd. (NSE: GRASIM)
Grasim Industries operates across various sectors, including cement and financial services through its subsidiaries. Part of the Aditya Birla Group, it focuses on products like viscose staple fibre, speciality chemicals, and grey and white cement.
4. ACC Ltd. (BSE: ACC | NSE: ACC)
With a legacy dating back to 1936, ACC Limited is part of the Holcim Group, focusing on cement and ready-mix concrete manufacturing for the local Indian market.
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, making it the third-largest cement manufacturer in the country.
6. JK Cement Ltd. (BSE: JKCEMENT | NSE: JKCEMENT)
A leading cement producer in Northern India, JK Cement Limited has an installed grey cement capacity of 14.7 MTPA and is the second-largest white cement producer in India.
7. Dalmia Bharat Ltd. (BSE: DALBHARAT | NSE: DALBHARAT)
Founded in 1939, Dalmia Bharat Limited has a strong presence in 22 states, with a total capacity of 35.9 MTPA.
8. RHI Magnesita India Ltd. (BSE: RHIM | NSE: RHIM)
Previously known as Orient Refractories Ltd., RHI Magnesita specializes in refractories for the steel sector and serves consumers both in India and abroad.
9. Ramco Cements Ltd. (BSE: RAMCOCEM | NSE: RAMCOCEM)
Ramco Cements has a significant presence in South India and is expanding into other regions, with a customer-centric approach and commitment to quality.
10. Nuvoco Vistas Corporation Ltd. (BSE: NUVOCO | NSE: NUVOCO)
Formerly Lafarge India Private Limited, Nuvoco Vistas operates in cement and related industries with a vast network of dealers and sub-dealers.
Cement shares gift promising funding opportunities in India for 2024, due to the fact the nation keeps its strong infrastructure development and increasing call for for housing and industrial tasks. The pinnacle 10 cement stocks indexed above are properly-set up companies with robust financials, sustainability practices, and market presence, making them attractive for traders. However, prudent investors need to conduct thorough research, do not forget their threat tolerance, and are searching for expert advice earlier than making any investment picks. Constant tracking and strategic assessment are crucial to optimize ability returns in a quarter trouble to marketplace fluctuations. Happy investing! and have great inside of Top 10 Cement Stocks.
FAQ for Top 10 Cement Stocks
Q1: Cement stocks underneath ₹100?
Q2: Cement stocks below ₹10?
Q3: What are the terrific small-cap cement stocks in India?
Q4: Is it a splendid time to shop for Top 10 Cement Stocks?
Yes, it is a superb time to spend money on cement stocks as it’s miles one of the maximum dependable industries for growth. As a growing united states of america of the united states, India’s need for housing, business, and commercial houses and bridges grows. Several infrastructure and housing initiatives, much like the PM Awas Yojana, are planned thru the Government of India, making sure cement call for stays high.
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