India’s top 10 cement companies in FY23

India is the world’s second-largest producer of cement, and the cement companies is a key component of the country’s main industrial sector with its installed capacity crossing 600 million tonnes (MT), carving 7% of the world’s capacity.

The production of the cement companies is projected to reach 380-390 MT in 2022–2023 and increase by 8–9% year over year.

The top 10 Cement companies are ranked based on their Sales,capacity, Market capitalization, Revenue, Profit of the year and we can also view the list of cement companies in India by viewing the link

Here we go Top 10 cement companies in India

10 . JK Lakshmi Cement Ltd

• Founded: 1982
• Head office: New Delhi
• Listed in NSE(JK LAKSHMI), BSE(500380)
• Brand: JK Lakshmi Cement
• Product: Cement
• Total Plant: 6
• Plant capacity: 14 million MTPA
• Website: www.jklakshmicement.com

JK Lakshmi Cement is one of India’s significant cement enterprises and recognizes the important role cement plays in bridging the gap between haves and haves not.

JK Lakshmi Cement Limited is a part of the prestigious JK Organisation and has established its name in the Indian Cement industry for three decades and has an annual turnover of over Rs 4000 crores.

JK Lakshmi Cement Plant:

Cement Capacity:

Rajasthan, Sirohi; Chhattisgarh, Durg; Gujarat, Gandhinagar, Surat; Haryana, Jhajjar; Odisha, Cuttack with overall Cement Production Capacity (MMT) is 11.70, Clinker Production Capacity (MMT) is 6.87

Power Generation Capacity:

• Power Generation Capacity – 142.3 MW
  • Thermal power plant: 74 (In MW)
  • Waste Heat Recovery System: 33.4 (In MW)
  • Solar: 30.9 (In MW)
  • Wind: 4

JK Lakshmihas placed in the top 10 positions among Cement companies in India based on their performance.

JK Lakshmi Financial Position

• Revenue From Operation: 6,451.50 Crores
• Sales cement capacity: 11 million tonnes
• Profit Before Tax: 534.48 Crores
• Profit of the year FY23: 369.11 Crores

the Ratio of JK Lakshmi

• Operating Profit Margin: 12%
• Net Profit Margin: 5.44%
• Return on Net-Worth: 12.76%
• Interest Coverage Ratio: 8.38 times
• Current Ratio: 1.39 times
• Book Value per Share: 208
• Debt Equity Ratio: 0.30 times
• Net Debt Equity Ratio: -0.03 times
• Net Debt to EBITDA: -0.10 times

9. Birla Corporation LTD

• Founded: 1919
• Head office: Kolkata
• Listed in NSE(BIRLACORPN), BSE(500335)
• Market capitalization: 8,90,990.37 Lakhs
• Brand: Birla
• Product: Cement, Jute Goods, and Iron & Steel Casting
• Plant: 11
• Plant capacity: 20 Million Tons
• Website: www.birlacorporation.com

The M.P. Birla Group’s main company, Birla Corporation Ltd., also known as BCL, manufactures cement products under the MP Birla Cement brand that are suitable for various climatic situations and customer segments. It also provides wall putty and construction chemicals.

Reliance Cement Company Private Limited (RCCPL) became a wholly-owned material subsidiary of BCL in 2016 when BCL purchased 100% of the company’s shares.

Birla Corporation cement capacity and power generation:

BCL has produced cement at 8 locations through 11 production units, and their locations are as follows:

• Satna, Madhya Pradesh = 2.70
• Chanderia, Rajasthan = 4.20
• Durgapur, West Bengal = 2.05
• Raebareli, Uttar Pradesh = 1.24
• Maihar, Madhya Pradesh = 3.20
• Mukutban, Maharashtra = 3.90
• Kundanganj, Uttar Pradesh = 2.21
• Butibori, Maharashtra = 0.50

Power generation in 2023:

The Birla Corporation increased its usage of renewable energy sources and concentrated on developing alternative fuels and raw materials (AFR) from industrial waste. The combined solar and waste heat recovery system (WHRS) capacity of Birla Corporation is 36.2 MW and 43.35 MW.

• Thermal Power Plant: 711.40 Lakh units
• Waste Heat Recovery System: 1183.73 Lakh units
• Solar Power: 113.68 Lakh units

Birla Corporation brands are Unique Plus, Perfect Plus, Samrat Advance, Chetak, Samrat, Ultimate Ultra, Ultimate, PSC, Concrecem, Multicem, and Rakshak, the super-premium water-repellent cement and has 570 dealers and 1800 retailers

Brila Financial Information:

• Revenue from operation: 8682.27 crores
• Sales of the year: 15.73 Million tons
• Profit before tax: 546.34 crores
• Profit of the year FY23: 40.50 crores

Ratio of BCL

• Debtors Turnover: 23.92
• Inventory Turnover: 7.91
• Interest Coverage Ratio: 3.20
• Current Ratio: 1.34
• Debt Equity Ratio: 0.23
• Operating Profit Margin (%): 4.95 %
• Net Profit Margin (%): 0.85%
• Return on Net Worth (%): 1.08%

8. Nuvoco Vistas Corporation Limited

• Founded: 2014
• Head office: Kolkata 
• Listed in NSE(NUVOCO), BSE(543334)
• Market Capitalization: 12,11,830.83 Lakhs
• Product: Cement
• Total Plant: 11
• Plant capacity: 25 MMTPA
• Website: www.nuvoco.com

In terms of capacity, Nuvoco is still India’s fifth-largest cement firm and one of the top companies in East India. They are acknowledged as one of the nation’s fastest-growing cement businesses.

Through an extensive business portfolio that includes cement, ready-mix concrete (“RMX”), and modern building materials (“MBM”), Nuvoco is committed to its aim of being a leading building materials company that delivers superior performance.

They are well-positioned to address the needs of both private house builders and institutional infrastructure development thanks to their vast range of products and solutions.

Nuvoco Cement plant details:

In the states of West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand in East India; Rajasthan and Haryana in North India; and with a combined installed capacity of 23.82 MMTPA, Nuvoco operates 11 (eleven) cement plants, including 5 (five) integrated units, 5 (five) grinding units, and 1 (one) blending unit.and 51 Ready-Mix Concrete (“RMX”) plants

Nuvoco Power generation capacity:

Systems for Recovering Waste Heat (“WHRS”) Capacity of 44.7 MW, 1.5 MWp solar power plant, and captive power plant (“CPP”) 150 MW of power producing capacity

Nuvoco Brands:

• Cement: Concreto, DoubleBull, PSC, Duraguard, Nirmax, and Infracem.
• Ready-Mix Concrete (“RMX”): Concreto, InstaMix, Ecodure, Artiste, X-CON.
• Modern Building Materials (“MBM”): Zero M, InstaMix.

Nuvoco Cement has placed in the top 10 positions among Cement companies in India based on their performance.

Nuvoco Cement Financial information:

• revenue from Operation: 10,586.17 Crore
• Sales capacity of the year: 18.8 MMT
• Profit before tax: (645.24) Crore
• Profit of the year FY23: 15.86 crore

The ratio of Nuvoco Cement

• Debtors Turnover Ratio:14.23
• Inventory Turnover Ratio: 9.71
• Interest Service Coverage Ratio: 2.85
• Current Ratio: 0.63
• Debt Equity Ratio: 0.52
• Operating Margin (%): 11.76%
• Net Profit Margin (%): 0.15%
• Return on Equity (%): 0.18%
• Return on Capital Employed (ROCE) (%): 1.99% 4.11%
• Earnings per Share: 0.44

7. Ramco Cements Limited

• Founded: 1961
• Head office: Tamil Nadu
• Listed in NSE(RAMCOCEM), BSE(500260)
• Market capitalization: 20,57,161.46 Lakhs
• Product: Cement
• Brand: Ramco
• Total Plant: 5
• Plant capacity: 22 mtpa
• Website: www.ramcocements.in

With a stronghold in South India, Ramco Cement is one of the nation’s top cement producers. They offer a wide variety of cement products, ready-mix concrete, and dry mortar solutions in our portfolio. They have an extensive network of dealers and affiliates.

Ramco Cement’s world-class integrated manufacturing facilities, extensive innovation capabilities, and digital and sustainable technologies power them.

Ramco Cement has 5 Integrated plants and 6 Grinding Units with the capacity of 22 MT and also have 2 wind plant for power generation with the capacity of 380.79 Mega Watts

Ramco has 9,400+ dealers and 22,500+ sub dealers

Ramco Cement has placed in the top 10 positions among Cement companies in India based on their performance.

Ramco Cement Financial Information:

• Revenue From operation: 8,135.27 crores
• Sales capacity of the year: 15.02 million tonnes
• Profit before tax: 473.69 crores
• Profit of the year: 343.54 crores

The ratio of Ramco Cement

• DebtorsTurnover Ratio: 18 Days
• Inventory Turnover Ratio: 39 Days
• Interest Coverage Ratio: 2.06 Times
• Debt Equity Ratio: 0.66
• Operating Profit Margin: 15%
• Net Profit Margin: 4%
• Return on Networth: 5%
• ROCE: 5%
• Earnings per share: 38
• Dividend per share: ₹2
• Dividend payout ratio: 14%
• Current Ratio: 1.08 Times
• PE Ratio: 52

6. J.K. Cement Ltd

• Founded: 1975
• Head office: Gurugram, Haryana
• Listed in NSE(JKCEMENT), BSE(532644)
• Market capitalization: 25,71,989.64 Lakhs
• Brand: JK Cement
• Product: Cement
• Total Plant: 11
• Plant capacity: 38.25 MTPA
• Website: www.jkcement.com

The most well-known manufacturer of grey cement and one of the top producers of white cement is JK Cement, a large integrated cement manufacturer and manufacturer of building products in India.

Jk Cement Manufacturing Plant:

• Grey Cement capacity (JK Cement): 16.67 MTPA
• Grey cement capacity JayKay Cem(Central): 4 MTPA
• White Business Capacity in India: 2.21 MTPA
• White business capacity UAE (Fujairah): 0.6 MTPA

JK Cement Power plant:

• Installed CPP capacity: 102.5 MW
• Installed WHRS capacity: 42.30 MW
• Installed Solar and Wind Power capacity: 46.85 MW

Market Presence of JK Cement:

In 19 states Grey Cement Markets in India and 32 countries International market presence for White Cement. 94,000 Dealers and Retailers in Grey & White Cement Business

JK Cement has placed in the top 10 positions among Cement companies in India based on their performance.

JK Cement Financial Information:

• Revenue From operation: 9,72,019.92 Lakh
• sales of the year: 8,776.78 crores
• Profit before tax: 63,129.16 Lakh
• Profit of the year: 41,907.95 Lakh

The ratio of JK Cement

• Debt-Equity Ratio: 1.08
• Current Ratio: 1.49
• Inventory Turnover Ratio: 8.68
• Operating Margin: 13.52
• Net Profit Margin: 4.27
• Return on Equity: 9.03
• Net Capital Turnover Ratio: 7.73
• Return of Investment Ratio: 2.55

5. ACC Limited

• Founded: 1936
• Head office: Mumbai, Maharashtra
• Listed in Exchange: NSE(ACC), BSE(500410)
• Brand: ACC
• Market Capitalization: 36,30,866.73 Lakhs
• Product: Cement and Ready Mixed Concrete
• Total Plant: 17
  • Ready-Mix concrete plants: 85+
• Plant capacity: 36.05 MTPA
• website: www.acclimited.com

One of India’s top manufacturers of cement and ready-mixed concrete, ACC Limited is a member of the broad-based Adani Group. TRA Research’s Brand Trust Report, 2023 named ACC as one of India’s Most Trusted Cement Brands.

In addition, ACC is recognized as one of the nation’s Most Sustainable Businesses and for its top-notch corporate social responsibility and environmental management methods. ACC is the first Indian cement company to sign the Net Zero Pledge with Science Based Targets. Sustainability is at the heart of ACC’s business strategy.

Additionally, as we advance and support our nation’s inclusive development goals, our comprehensive portfolio of goods and solutions meet the range of building needs that it faces.

The installed capacity of ACC Limited’s 16 cement factories in 12 states with 36.05 MTPA, and there are 85+ ready-mix concrete plants in 17 states.

Waste Heat Recovery Systems (WHRS) with a combined capacity of 22.4 MW

ACC Financial Information:

• Revenue from operation: 22,210.18 crore
• Sales capacity: 37.93 Million tonnes
• Profit before tax: 1,202.60 crore
• Profit of the year: 885.21 crore

Ratio for ACC Limited

• Current Ratio: 1.44
• Return on Equity ratio: 5%
• Inventory Turnover Ratio: 6.76
• Net Capital turnover ratio: 7.04
• Net Profit ratio: 4%
• Return on capital employed: 5%
• Debt service coverage ratio: 25.38
• Return on investment: 4%

4. Dalmia Bharat Ltd

• Founded:1939
• Head office: New Delhi
• Listed in NSE(DALBHARAT), BSE(542216)
• Market capitalization: 39,43,013.37 Lakhs
• Brand: Dalmia Cement, Dalmia DSP and Konark Cement.
• Product: Cement and Sugar
• Total Plant: 14
• Plant capacity: cement capacity to 38.6 MnT; clinker capacity to 21.7 MnT
• Website: www.dalmiacement.com

A division of Dalmia Bharat Limited, Dalmia Cement (Bharat) Limited (DCBL) specializes in cement products, sugar, and refractories.

Under the brand names Dalmia Cement, Konark Cement, and Dalmia DSP, Dalmia Cement is sold in PPC, PCC, PSC, OPC 43, and OPC 53 grades in various markets.

The Dalmia Company and its subsidiaries have increased their waste heat recovery system power to 66 MW, their solar power capacity to 100 MW, their clinker capacity to 21.7 MnT, and their cement capacity to 38.6 MnT.

Dalmia Bharat has placed in the top 10 positions among Cement companies in India based on their performance.

Dalmia Bharat Financial Information:

• revenue from Operation:13,531 crore
• Sales capaacity: 25616 (KMT)
• Profit before tax: 1,226 crores
• Profit of the year FY23: 995 crores

Ratio for Dalmia:

• Current ratio: 1.13
• Debt equity ratio: 0.32
• Debt Service Coverage Ratio: 1.73
• Return on equity: 3.49%
• Inventory Turnover ratio: 11.73

3. Shree Cement Limited

• Founded: 1979
• Head office: Kolkata
• Listed in NSE(SHREECEM), BSE(500387)
• Market capitalization: 86,22,523.04 Lakhs
• Product: Cement
• Total Plant: 4
• Plant capacity: 46.40 MTPA
• Website: www.shreecement.com

Leading Indian cement producer Shree Cement is known for its superior products and cutting-edge technology. With a 46.40 MTPA cement production capacity, Shree Cement has 10 grinding unit locations and 4 Integrated Manufacturing Unit locations. They have a total power generation capacity of 888.6 MW.

• 4 integrated plants
  • Baloda Bazaar, Kodla, Beawar, Ras
• 10 grinding units
  • Patas, Jobner, Suratgarh, Panipat, Laksar, Bulandshahr, Khushkhera, Aurangabad, Burudih, Athagarh

In order to meet the various demands and expectations of its customers, Shree Cement offers a wide range of product categories and brands. which include Composite Cement (CC), Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and Portland Slag Cement (PSC).

Additionally, They have the capacity to manufacture three other cement kinds, including Rapid Hardening Portland Cement (RHPC), Oil Well Cement (OWC), and Hydrophobic Cement (HC), which will be released onto the market at the appropriate periods.

Shree cement brands which includes Roofon, Bangur Power, Shree Jung Rodhak, Bangur Cement and Rockstrong

they have Dealer Base – 22,161; Suppliers Base – 3,191 in India.

Shree cement has placed in the top 10 positions among Cement companies in India based on their performance.

Shree Cement Financial information

• revenue from Operation: 17,852.33 crores
• Sales capacity of the year: 31.82 MMT
• Profit before tax: 1,495.04 crores
• Profit of the year FY23: 1,269.14 crores

Shree cement ratio

• Debt Equity Ratio: 0.09
• Debtor Turnover: 28.45
• Inventory Turnover: 7.35
• Current Ratio: 1.23
• Interest Coverage Ratio: 12.55
• Return on Net Worth: 7.26
• Net Profit Margin: 7.89
• Operating Profit Margin: 17.47

2. Ambuja Cement LTD

• Founded: 1983
• Head office: Mumbai
• Listed in NSE(AMBUJACEM), BSE(500425)
• Brand: AMBUJA
• Market Capitalization: 89,94,972.89 Lakhs
• Product: Cement
• Plant:
  • Integrated plants: 6
  • Grinding units: 8
  • Bulk cement terminals: 5
• Plant capacity: 31.45 MTPA
• Website: www.ambujacement.com

Among India’s top cement companies, Ambuja Cements Limited, a member of the diverse Adani Group, is famous for its hassle-free homebuilding solutions.

When it comes to the wise use of resources, both natural and artificial, Ambuja Cements is the market leader. Through conservation measures and improving water efficiency in its plants, the company has been certified eight times as “water-positive.”

Ambuja Cements is the only cement manufacturer recognized globally for its innovation in water security by the United Nations Global Compact Network India.

Ambuja Cement company offers its customers a comprehensive selection of products, including Ordinary Portland Cement (OPC), Pozzolana Portland Cement (PPC), and Pozzolana Composite Cement (PCC), as well as other cutting-edge and sustainable building materials and solutions.

Innovative Ambuja products including Ambuja Plus, Ambuja Cool Walls, Ambuja Compocem, and Ambuja Kawach are dramatically lowering carbon footprint under the Ambuja Certified Technology brand.

Ambuja Cement company has 6 Integrated manufacturing units and 8 Grinding units with a Cumulative manufacturing capacity of 31.45 MTPA and also has 5 Bulk cement terminals

Integrated Manufacturing Plant locations are

• Rabriyawas, Marwar, Darlaghat, Bhatapara, Ambujanagar, Maratha

Ambuja Cement has placed in the top 10 positions among Cement companies in India based on their performance.

Ambuja Cement Financial Information:

• revenue from Operation: 38,937.03 crores
• Sales capacity of the year: 68 million tons
• Profit before tax: 3,729.49 crores
• Profit of the year FY23: 3,024.38 crores

The ratio of Ambuja Cement

• Inventory turnover Ratio: 5.05
• Current ratio: 1.75
• net profit margin: 12.8
• Debtor’s turnover ratio: 56.92
• Return on Equity ratio: 8.1%
• Net Capital turnover ratio: 3.08
• Return on capital employed: 8.1%
• Return on Investment: 4%

1. UltraTech Cement Limited

• Founded: 1980
• Head office: Mumbai
• Listed in NSE(ULTRACEMCO), BSE(532538)
• Market capitalization: 2,38,82,443.95 Lakhs
• Product: Cement
• Total Plant: 22
• Plant capacity: 132.4 MTPA
• Website: www.ultratechcement.com

UltraTech Brand is one of the leading cement brands in India, and they have grown to become India’s largest cement manufacturer, It belongs to the Aditya Birla Group and Grasim Industries

They are also the second largest cement manufacturer worldwide contributing to over 7% of the global
capacity in grey cement, white cement, and RMC, and offer a wide array of building solutions to cater to the construction needs of the modern world.

UltraTech has 23 World-class integrated manufacturing units, and 27 Grinding units with 120 MTPA
Grey cement capacity. UltraTech has 1.5 MTPA White Cement (one unit) and Wall Care (one unit).

They also have 8 Bulk packaging terminals (Sea + Rail) and 175+ Ready Mix Concrete (RMC) plants across
41 cities.

UltraTechhas placed in the top 10 positions among Cement companies in India based on their performance.

UltraTech Financial information:

• revenue from Operation: 63,239.98 Crore
• Sales capacity of the year: 100 MMT
• Profit before tax: 7,416 crores
• Tax expenses: 2,342.85 crores
• Profit of the year FY23: 5,073.40 crores

Ratio of UltraTech

• Current Ratio 1.21
• Debt Equity Ratio (Net) 0.03
• Operating Profit Margin (%) 16
• Net Profit Margin (%) 8.1
• Return on Net Worth (%) 9.3
• Return on Capital Employed (ROCE) (%): 12
• Debtors Turnover: 18 days
• Inventory Turnover: 34 days
• Interest Coverage Ratio: 12.60

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