Cement companies in India: list of 40 cement stocks

A company appears when it is classed under Cement & Cement Products, an industry within the Construction Materials sector. There is no cut-off on size, profit or return.

Market cap is the share price times the number of shares. P/E is market cap divided by the last twelve months' profit that belongs to the company's own shareholders. ROCE, return on capital employed, is operating profit after depreciation as a percentage of the money the business runs on, owners' funds plus borrowings. Lease liabilities are left out because results filings do not state them. Price changes are adjusted for splits and bonuses, without dividends.

India is the world's second-largest cement producer after China. Cement is heavy and costly to move far, so it sells mostly in regional markets: a plant's prices follow demand and capacity in its own region, and freight is a large part of its costs.

Demand comes from housing, roads, railways and other public construction, and it falls in the monsoon months when building slows. Costs are set by power, coal and petroleum coke for the kilns, limestone and freight.