India is the world’s second-largest producer of cement, trailing only China. China is anticipated to have produced over 2.2 billion metric tonnes of cement in 2019, accounting for more than half of global output. India accounts for around 8% of global installed capacity. The cement industry has a significant impact on socio-economic and industrial growth. India ranks fifth in terms of revenue contribution to the government, with over ₹500 billion in levies and taxes collected each year. So, let’s understand the importance of the cement industry and the best cement in India.
Did you know?
The cement industry in India is expected to grow by 116% by 2030.
Importance of the cement industry
In India, the cement industry is booming right now. The cement industry has experienced great expansion because of a rising real estate sector, increased global demand, and increased activity in infrastructure projects like state and national highways. Production capacity has increased, and the world’s leading cement corporations are vying for a piece of the Indian market, resulting in a flurry of mergers and acquisitions. India is now rated second in the world for cement production.
By 2025, the cement industry in India is estimated to have a demand of roughly 550 to 600 million tonnes per year. This is because various industries, including housing, industrial building, and commercial construction, are expanding. Furthermore, infrastructure in India is rapidly increasing, ensuring that demand for cement will be high in the next few years. In the future years, the country is expected to see the establishment of 98 smart cities.
Here is a list of the top 10 cement companies in India, ranked by revenue and market share
In this blog, we will find out which is the no 1 cement in India, and which according to builders, is the best cement in India.
1. UltraTech Cement
UltraTech Cement Limited is the largest cement company in India and one of the world’s most prestigious cement producers. The mission of UltraTech is to be “The Leader” in building solutions. UltraTech is the largest producer of grey cement, white cement, and ready-mix concrete in India (RMC).
The firm’s total capacity for grey cement is 117.95 million tonnes per annum (MTPA). Ultratech operates 22 integrated manufacturing units, 27 grinding units, one clinkerization unit, and seven bulk packaging terminals. Birla White is the brand name under which UltraTech is sold. UltraTech created the UltraTech Building Solutions (UBS) idea to enable one-stop shopping for housebuilders. With over 2500 outlets across India, UBS is the country’s largest single-brand retailer.
Market Cap: 2,13,882 Cr.
Stock PE: 33.6
Return on capital employed (ROCE): 15.1%
Return on equity (ROE): 13.1%
Dividend Yield: 0.50%
Head Office: Mumbai
Website: https://www.ultratechcement.com/
2. Shree Cement
Shree Cement Limited is among the top 5 cement companies in India. Shree Cement Limited’s main products or services are cement and clinker. The company’s manufacturing operations are distributed across North and East India, covering about six states. It has a 44.4 million tonnes per annum (MTPA) cement manufacturing capability. The states where the company operates are Rajasthan, Uttarakhand, Bihar, Haryana, Chhattisgarh, and Uttar Pradesh. Shree JungRodhak, Bangur, and Rockstrong are among the company’s brands.
A separate trading component of the organisation caters to third-party buyers and sellers. It manufactures synthetic gypsum to substitute natural gypsum in cement production. By FY26, the company expects to have increased capacity by 12% CAGR to 80 million tonnes.
Market Cap: 94,784 Cr.
Stock PE: 36.2
ROCE: 19.1%
ROE: 15.9%
Dividend Yield: 0.23%
Head Office: Kolkata
Website: https://www.shreecement.com/
Also Read: Ways To Start A Successful Cement Brick Manufacturing Business – Tried & Tested!
3. Ambuja Cements
Ambuja Cements is a well-known brand in western India. Ambuja Cements Ltd. (ACL) is India’s biggest cement manufacturer, starting production in 1986. Gujarat Ambuja Cements Ltd was renamed Ambuja Cements Ltd afterwards. Holcim, a multinational cement company, gained management control of ACL in 2006. Holcim now owns a little more than half of the company.
Across the country, the company operates five integrated cement manufacturing plants and eight cement grinding units. Ambuja Cements is one of the world’s most efficient cement makers. Its environmental protection efforts are considered among the best in the country. It is also one of India’s most profitable and innovative cement firms.
It is the first Indian cement company to construct a captive port with three terminals along its western coastline to permit timely, cost-effective, and environmentally friendly bulk cement exports to its clients. Ambuja Cements has also pioneered the development of multiple biomass, co-fired technologies for generating greener power in its captive plants.
Market Cap: 74,978 Cr.
Stock PE: 22.6
ROCE: 18.3%
ROE: 10.5%
Dividend Yield: 4.77%
Head Office: Mumbai
Website: https://www.ambujacement.com/
4. ACC
ACC was founded on August 1, 1936. It is India’s leading cement and concrete maker. With 14 contemporary cement factories, more than 30 ready-mix concrete facilities, 20 sales offices, and many zonal offices, ACC’s operations are dispersed across the country. It’s a top cement company in India. It employs over 10,000 people and has a nationwide distribution network of over 9,000 dealers. ACC’s research and development centre has a long history of cutting-edge research, product development, and specialised consulting services.
The company has been a trailblazer and essential benchmark for the cement industry in manufacturing, marketing, and human management operations since its founding in 1936. It has earned acclaim as a good corporate citizen for its commitment to environmental friendliness, high ethical standards in commercial operations, and ongoing community welfare programs. By providing high-quality products, services, and experience, ACC has made major contributions to the nation-building process.
Market Cap: 43,402 Cr.
Stock PE: 19.9
ROCE: 16.0%
ROE: 12.8%
Dividend Yield: 0.61%
Head Office: Mumbai
Website: https://www.acclimited.com/
5. Dalmia Bharat
The Dalmia Bharat Group is a major operator in India’s cement business. It is one of India’s most profitable and rapidly developing companies. It sells a wide range of cement products under the Dalmia Cement, Konark Cement, and Dalmia DSP brands. In the last five years, growth has been exponential, and it is expected to continue due to successful ventures, corporate social responsibility, new brand identity, and socio-cultural programs.
The group’s sales have increased at a CAGR of 24% over the last decade and are expected to reach over $12,100 Cr by 2020. In 2020, the market capitalisation will have increased to ten billion dollars.
The group is dedicated to responsible growth and development. Several prestigious awarding bodies have recognised its efforts in implementing numerous sustainability measures, including the Government of India and other reputable organisations. These honours have been bestowed in energy conservation, energy efficiency, safety and health and environmental concerns.
Market Cap: 35,212 Cr.
Stock PE: 28.3
ROCE: 10.2%
ROE: 10.4%
Dividend Yield: 0.21%
Head Office: Kolkata
Website: https://www.dalmiabharat.com/
6. JK Cement
JK Cement Ltd. is a significant Grey Cement maker in India and the world’s third-largest White Cement manufacturer. On the strength of its product excellence, customer orientation, and technological leadership, the Company has partnered with India’s multi-sectoral infrastructure demands for over four decades. In May 1975, JK Cement began commercial production at their flagship grey cement plant in Nimbahera, Rajasthan.
As of now, the company has a Grey Cement capacity of 15 MnTPA, making it one of the country’s leading cement producers. With a total white cement capacity of 1.20 MnTPA and a wall putty capacity of 1.2 MnTPA, JK Cement Limited is the world’s leading wall putty manufacturer and the world’s third-largest manufacturer of white cement. JK White Cement is sold in 43 countries, and the company has a strong international presence thanks to two subsidiaries: JK Cement Works Fujairah FZC and JK White Cement (Africa) Ltd.
Market Cap: 26,435 Cr.
Stock PE: 34.0
ROCE: 20.0%
ROE: 21.0%
Dividend Yield: 0.44%
Head Office: Kanpur
Website: https://www.jkcement.com/
7. Ramco Cement
Ramco Cements Ltd, previously known as Madras Cements (MCL), is the Ramco Group’s main enterprise. South India is a key player in the mixed cement market, making it a top cement company in India. Ramco Cements is India’s fifth-largest cement producer, producing Portland cement in eight state-of-the-art production facilities, including Integrated Cement Plants and Grinding Units, with a current production capacity of 16.5 million MTPA and 10 manufacturing facilities spread across the country. Since 1997, the company has been a leader in promoting mixed cement.
Market Cap: 23,495 Cr.
Stock PE: 21.2
ROCE: 14.6%
ROE: 14.6%
Dividend Yield: 0.30%
Head Office: Chennai
Website: https://ramcocements.in/
8. Birla Corp
The Birla Group’s flagship company, Birla Corporation (BCL), has four divisions: cement, jute, vinoleum, and car trim. It was founded in 1919 by Madhav Prasadji as the Birla Jute Manufacturing Company, but it evolved into a multi-product conglomerate. In 1998, the company reached a turnover of ₹1300 crore, and the name was changed to Birla Corporation.
The MP Birla group owns 500 enterprises in industries such as textiles, manmade fibres, cables, woollens, vehicles, industrial and textile machinery, sugar, paper, shipping, cement, jute, aluminium, copper, fertilisers, chemicals, power plants, non–ferrous semis, and so on. It is one of India’s leading cement firms. The production plants of Birla Corp. are located in Pune, Rajasthan, West Bengal, Gurgaon, Uttar Pradesh, and Madhya Pradesh.
Market Cap: 10,697 Cr.
Stock PE: 15.9
ROCE: 11.6%
ROE: 13.4%
Dividend Yield: 0.72%
Head Office: Kolkata
Website: https://www.birlacorporation.com/
9. Heidelberg Cement
The HeidelbergCement Group is a global market leader in aggregates and a major player in the cement, concrete, and other downstream industries. It is one of the world’s largest construction materials manufacturers. The company employs 52,600 people in 2,500 sites across 40 countries.
HeidelbergCement India Limited (HCIL) is a German subsidiary of the HeidelbergCement Group. Damoh (Madhya Pradesh) and Jhansi (Uttar Pradesh) are the company’s operations in Central India, whereas Ammasandra is in Southern India (Karnataka). Through brownfield expansion of its plants in Central India in 2013, the Company raised its capacity to 5.4 million tonnes per annum. The Company has enhanced its market share in Central India thanks to the new manufacturing capacity. The Company has developed a place for its brand “mycem” in new areas and improved its brand positioning in existing ones with the help of dedicated sales efforts backed by excellent products.
Market Cap: 5,119 Cr.
Stock PE: 15.4
ROCE: 24.9%
ROE: 22.3%
Dividend Yield: 3.54%
Head Office: Gurgaon
Website: https://mycemco.com/
10. Star Cement
Star Cement Limited is the largest cement producer in northeast India, with a plant that spans 200 hectares in the beautiful town of Lumshnong, Meghalaya, where high-grade limestone is readily available. Based on both quality and fair price, their brand “Star Cement” has established itself as the region’s most reputable. One of the most profitable cement companies in North East India is Star Cement Limited.
Market Cap: 3,996 Cr.
Stock PE: 20.2
ROCE: 13.7%
ROE: 12.2%
Dividend Yield: 0.00%
Head Office: Kolkata
Website: https://starcement.co.in/
Also Read: Effect of GST Rate on Cement Industry
Conclusion
Any country’s cement company plays a critical part in the country’s development. In India, the cement industry is government-regulated since 1965. Despite being the world’s second-largest cement output, India has the lowest per capita cement usage, 125 kg. However, India’s cement consumption and supply have accelerated. There is always the possibility of increasing the cement business in a fast-developing economy like India. We hope you have learned about the top cement companies in India in this blog.
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