INDIACEM
THE INDIA CEMENTS LIMITED
Each stock's 10,000-path forecast, rendered as light.
THE INDIA CEMENTS LIMITED (INDIACEM) Stock Analysis & Case Study
Is INDIACEM a good buy? The data-driven verdict.
THE INDIA CEMENTS LIMITED (INDIACEM) trades at ₹398,on the numbers it tread carefully, a Downstox Snapshot Score of 33/100.
On the numbers, THE INDIA CEMENTS LIMITED (INDIACEM) tread carefully, a Downstox Snapshot Score of 33/100, weighing expensive at 91.4× earnings, ROE of 0.4%, a 57% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
INDIACEM fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How INDIACEM ranks against the 2,373 companies in our screener
- INDIACEM's market cap of 12,339 Cr ranks in the 78th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INDIACEM's book value of ₹327 ranks in the 83rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INDIACEM's promoter holding of 75.0% ranks in the top 5% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INDIACEM's 3-year profit (PAT) growth of 28.0% ranks in the 67th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INDIACEM's 3-year revenue growth of -7.0% ranks in the 13th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INDIACEM's debt-to-equity ratio of 0.13x is lower than 72% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is INDIACEM overvalued? INDIACEM P/E vs peers
INDIACEM trades at 91.4× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
INDIACEM share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of INDIACEM history (12%/yr drift, 34%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| INDIACEM 2027 | ₹273 | ₹424 | ₹658 | +7% |
| INDIACEM 2028 | ₹241 | ₹452 | ₹846 | +13% |
| INDIACEM 2029 | ₹224 | ₹481 | ₹1,032 | +21% |
| INDIACEM 2030 | ₹211 | ₹513 | ₹1,244 | +29% |
| INDIACEM 2031 | ₹200 | ₹546 | ₹1,493 | +37% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability INDIACEM goes up, or doubles?
The bull case for INDIACEM
- Low price-to-book of 1.22×, the market is paying little over the company's net assets.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,032.
The bear case & risks
- INDIACEM's P/E of 91.4x is lower than 12% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INDIACEM's return on equity of 0.4% ranks in the 12th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹224.
INDIACEM volatility & expected range, how bumpy is the ride?
Over the last 9.8 years INDIACEM compounded at 12%/year with annualized volatility of 34%. That volatility implies a 1-year 80% range of ₹273-₹658, the honest backbone behind any single price target.
INDIACEM price forecast, the full 60-month probability fan
INDIACEM price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds INDIACEM hits common targets within the simulated horizon?
Full multi-horizon detail on the INDIACEM price target & forecast page.
INDIACEM Piotroski F-Score: 4/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. INDIACEM scores 4/8, mixed financial health.
INDIACEM MTF margin & leverage across 11 brokers
Margin Trading Facility lets you buy INDIACEM with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 31.66% | 3.2× |
| Zerodha | 31.63% | 3.2× |
| Groww | 40.00% | 2.5× |
| DhanCHEAPEST | 31.63% | 3.2× |
| Kotak Neo | 31.65% | 3.2× |
| Paytm Money | 31.87% | 3.1× |
| Pocketful | 31.79% | 3.1× |
| Fyers | 32.26% | 3.1× |
| Anand Rathi | 31.63% | 3.2× |
| Bajaj Broking | 34.00% | 2.9× |
| Share India | 31.77% | 3.1× |
Compare every broker on the INDIACEM MTF page.
Which ace investors hold INDIACEM?
Held by 1 tracked superstar investor (from public NSE/BSE disclosures):
About THE INDIA CEMENTS LIMITED: sector, index & market-cap context
THE INDIA CEMENTS LIMITED (INDIACEM) is a small-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹12,339 Cr. See more stocks on our screener.
How the INDIACEM Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of THE INDIA CEMENTS LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
INDIACEM analysis, FAQs
Is THE INDIA CEMENTS LIMITED (INDIACEM) a good buy?
On the numbers, THE INDIA CEMENTS LIMITED (INDIACEM) tread carefully, a Downstox Snapshot Score of 33/100, weighing expensive at 91.4× earnings, ROE of 0.4%, a 57% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is INDIACEM overvalued or undervalued?
INDIACEM trades at 91.4× earnings, expensive versus the ~22× long-run Nifty average.
What is the INDIACEM share price target for 2031?
INDIACEM's probability-weighted 2031 median target is ₹546, with an 80% range of ₹200-₹1,493 (10,000-path Monte-Carlo).
What is the probability INDIACEM doubles in 5 years?
The modelled probability of INDIACEM reaching ₹796 (2×) within 5 years is 31%.
What is the bull case for INDIACEM?
Low price-to-book of 1.22×, the market is paying little over the company's net assets.
What are the risks in INDIACEM?
INDIACEM's P/E of 91.4x is lower than 12% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. INDIACEM's return on equity of 0.4% ranks in the 12th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.