Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of India Cements Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,486 | 1,437 | 1,264 | 1,113 | 1,236 | 1,027 | 1,022 | 940 | 1,198 | 1,025 | 1,117 | 1,114 | 1,229 |
| Expenses + | 1,533 | 1,428 | 1,260 | 1,067 | 1,199 | 1,051 | 1,185 | 1,130 | 1,200 | 942 | 1,036 | 1,035 | 1,076 |
| Operating Profit | -47 | 8 | 4 | 46 | 37 | -25 | -163 | -190 | -2 | 83 | 81 | 79 | 153 |
| OPM % | -3% | 1% | 0% | 4% | 3% | -2% | -16% | -20% | -0% | 8% | 7% | 7% | 12% |
| Other Income + | -106 | 7 | 8 | 56 | 34 | 256 | -64 | 396 | 110 | -115 | 23 | 15 | 15 |
| Interest | 50 | 58 | 60 | 59 | 64 | 82 | 73 | 73 | 38 | 27 | 25 | 24 | 23 |
| Depreciation | 55 | 54 | 55 | 57 | 57 | 56 | 55 | 55 | 75 | 74 | 74 | 75 | 76 |
| Profit before tax | -258 | -97 | -103 | -14 | -49 | 93 | -355 | 77 | -5 | -132 | 4 | -5 | 69 |
| Tax % | -5% | -24% | -17% | -53% | 2% | 23% | -5% | -51% | -486% | -1% | -101% | -41% | 13% |
| Net Profit + | -229 | -87 | -80 | 1 | -61 | 58 | -339 | 119 | 18 | -133 | 9 | -3 | 60 |
| EPS in Rs | -7.32 | -2.82 | -2.58 | 0.02 | -1.95 | 1.89 | -10.94 | 3.95 | 0.47 | -4.29 | 0.28 | -0.09 | 1.92 |
Financials of India Cements Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 5,057 | 4,879 | 5,158 | 5,267 | 5,770 | 5,186 | 4,511 | 4,858 | 5,608 | 4,998 | 4,149 | 4,485 |
| Expenses + | 4,294 | 4,006 | 4,267 | 4,548 | 5,131 | 4,588 | 3,715 | 4,373 | 5,749 | 4,912 | 4,507 | 4,088 |
| Operating Profit | 763 | 873 | 891 | 720 | 639 | 599 | 796 | 486 | -141 | 86 | -358 | 397 |
| OPM % | 15% | 18% | 17% | 14% | 11% | 12% | 18% | 10% | -3% | 2% | -9% | 9% |
| Other Income + | 22 | 21 | 17 | 14 | 26 | 24 | 32 | 23 | 224 | 99 | 662 | -62 |
| Interest | 478 | 440 | 380 | 365 | 350 | 343 | 271 | 198 | 242 | 240 | 266 | 99 |
| Depreciation | 303 | 291 | 276 | 279 | 265 | 256 | 247 | 226 | 219 | 220 | 239 | 299 |
| Profit before tax | 4 | 164 | 252 | 90 | 50 | 24 | 311 | 85 | -378 | -275 | -202 | -63 |
| Tax % | 127% | 29% | 37% | 21% | 49% | -126% | 33% | 23% | -55% | -17% | -29% | 4% |
| Net Profit + | -1 | 119 | 159 | 69 | 26 | 51 | 209 | 87 | -125 | -227 | -144 | -67 |
| EPS in Rs | -0.11 | 3.80 | 5.41 | 2.11 | 0.68 | 1.62 | 6.67 | 2.53 | -4.09 | -7.34 | -4.64 | -2.17 |
| Dividend Payout % | 0% | 26% | 19% | 38% | 118% | 37% | 15% | 40% | 0% | 0% | 0% | 0% |
Financials of India Cements Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 307 | 308 | 308 | 308 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 |
| Reserves | 3,073 | 4,742 | 4,867 | 4,961 | 4,936 | 5,188 | 5,388 | 5,637 | 5,466 | 5,265 | 9,884 | 9,814 |
| Borrowings + | 3,502 | 3,296 | 3,100 | 3,197 | 3,356 | 3,593 | 3,052 | 3,091 | 2,945 | 2,633 | 1,165 | 1,305 |
| Other Liabilities + | 1,805 | 2,345 | 2,674 | 2,479 | 2,696 | 2,579 | 2,340 | 3,005 | 2,746 | 2,493 | 2,471 | 1,974 |
| Total Liabilities | 8,687 | 10,692 | 10,950 | 10,946 | 11,297 | 11,670 | 11,090 | 12,043 | 11,467 | 10,701 | 13,830 | 13,403 |
| Fixed Assets + | 4,599 | 7,488 | 7,260 | 7,146 | 7,072 | 7,206 | 7,065 | 7,101 | 6,803 | 6,874 | 11,638 | 11,187 |
| CWIP | 98 | 99 | 134 | 176 | 196 | 235 | 300 | 386 | 313 | 190 | 177 | 344 |
| Investments | 440 | 357 | 358 | 358 | 371 | 382 | 381 | 408 | 334 | 319 | 120 | 83 |
| Other Assets + | 3,550 | 2,748 | 3,198 | 3,265 | 3,659 | 3,847 | 3,344 | 4,147 | 4,016 | 3,318 | 1,895 | 1,788 |
| Total Assets | 8,687 | 10,692 | 10,950 | 10,946 | 11,297 | 11,670 | 11,090 | 12,043 | 11,467 | 10,701 | 13,830 | 13,403 |
Financials of India Cements Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 645 | 964 | 765 | 556 | 377 | 387 | 1,046 | 439 | -19 | 344 | -256 | -27 |
| Cash from Investing Activity + | -124 | -220 | -158 | -306 | -202 | -282 | -189 | -250 | 435 | 248 | 2,015 | -103 |
| Cash from Financing Activity + | -520 | -757 | -605 | -235 | -180 | -110 | -860 | -183 | -397 | -572 | -1,738 | 40 |
| Net Cash Flow | 1 | -14 | 2 | 16 | -5 | -6 | -3 | 6 | 19 | 19 | 20 | -89 |
| Free Cash Flow | 507 | 796 | 685 | 361 | 161 | 140 | 897 | 288 | 142 | 255 | 31 | -115 |
| CFO/OP | 90% | 112% | 94% | 84% | 61% | 70% | 138% | 100% | 8% | 422% | 42% | -5% |
Financials of India Cements Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 37 | 42 | 37 | 45 | 47 | 52 | 46 | 70 | 54 | 51 | 58 | 20 |
| Inventory Days | 287 | 267 | 306 | 258 | 287 | 312 | 270 | 368 | 258 | 231 | 224 | 269 |
| Days Payable | 402 | 447 | 522 | 441 | 458 | 490 | 488 | 565 | 438 | 456 | 395 | 318 |
| Cash Conversion Cycle | -78 | -138 | -178 | -138 | -124 | -127 | -173 | -127 | -126 | -174 | -113 | -28 |
| Working Capital Days | -41 | -84 | -37 | -3 | -14 | -38 | -56 | -18 | 35 | -10 | 21 | -4 |
| ROCE % | 7% | 8% | 8% | 5% | 5% | 4% | 7% | 3% | -4% | -1% | -5% | 2% |