JM Financial Institutional Securities has picked UltraTech Cement and JK Cement as its top picks in the cement sector; here's why
Godrej Consumer has strengthened its core portfolio and expanded into new segments, while UltraTech Cement reported strong Q1 results
Cement demand is driven by government projects in infrastructure and housing, a rural rebound, and industrial capex
UBS stays positive on cement sector, sees price recovery, margin gains, and consolidation ahead. Top stock picks for FY26 include Ambuja, UltraTech, Dalmia Cement
India Cement stock rallies after UltraTech unveils plan to 6.49 per cent stake in the company through an OFS, to comply with SEBI rule on at least 25 per cent public shareholding
UltraTech Cement will sell its 6.49 per cent stake in India Cements worth Rs 745 crore via offer for sale to meet regulatory norms on public shareholding by 2026
The company, which took control of India Cements in July last year, said the sale was to comply with "applicable laws"
UltraTech Cement Chairman Kumar Mangalam Birla says cement demand will grow on the back of government's focus on manufacturing, infrastructure projects, housing, and policy support
At the bourses, the consumption-driven theme has played out well thus far in FY26 with the Nifty India Consumption index rising nearly 11 per cent as compared to around 5 per cent rise in Nifty 50
Cement shares rally on Monday: Analysts view the potential GST rate cut as a sentimental booster for the sector given it may help perk up industry margins.
Foreign investors net sold ₹14,452 crore, and ₹25,831 crore in stock & index futures, respectively in July; however, F&O rollovers hint at likely optimism going ahead.
Cement maker UltraTech, which expects around 7 per cent growth in FY26, has allocated up to Rs 10,000 crore as capex to bolster its capacity as well as energy and efficiency initiatives, according to the company's latest annual report. The Aditya Birla group firm recently acquired South-based India Cements and the cement business of Kesoram Industries, and added 26.3 MTPA of grey cement capacity to its portfolio. It has planned an organic capacity addition of 28.8 MTPA by FY27. UltraTech, which crossed the Rs 75,000 crore revenue mark in FY25 and is now very close to 200 MTPA (million tonnes per annum) capacity, anticipate a reduction in "net debt to EBITDA ratio", helped by a higher volume growth and improving margins. "Although our net debt to EBITDA (pre-tax profit) ratio rose to 1.33x in March 2025, we anticipate higher volume growth and an improving EBITDA profile to reduce this rapidly," its Managing Director K C Jhanwar said while addressing the shareholders. Like other ceme