Construction materials companies in India
66 listed companies in Construction Materials, part of Commodities, largest first by market cap at the close on 27 Oct 2026; the largest is UltraTech Cement.
- CompaniesListed companies. Companies classified in Construction Materials whose shares traded on the latest trading day.
- 66
- Market capMarket cap, added up. The market value of the 64 companies that filed the quarter to Jun 2026, added up: each company's share price today times its shares. Share price times the number of shares: what the whole company is worth at the day's price.
- ₹9,04,305 Cr
- Median P/EMedian price to earnings. The middle price-to-earnings among the 41 companies that filed the quarter to Jun 2026 that carry one, half above and half below: each company's market value today divided by its own last four quarters' profit.
- 26.9
- Median P/BMedian price to book. The middle price-to-book among the 57 companies that filed the quarter to Jun 2026 that carry one, half above and half below. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- 1.5
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 61 companies that filed both.
- +14.2%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 66 companies that filed it; a loss counts as negative.
- ₹9,412 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the sector's 69 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 66of 69
- Median ROCEMedian return on capital employed. The middle figure of the 67 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- 4.5%year to Mar 2026
Revenue growth and profit by quarter
Revenue against the same quarter a year earlier, over the companies that filed both; profit after tax added up over the companies that filed the quarter. A quarter fewer than 60% of the sector filed is left out, and the newest is added once nearly as many companies have filed it as the one before.
Revenue against the same quarter a year earlier, per cent
Profit after tax, ₹ crore, added up over the companies that filed
The largest companies
The 12 largest Construction Materials companies, each sized by its market cap.
Market cap, ₹ crore
- UltraTech Cement₹3,28,567 Cr
- Grasim Industries₹1,97,423 Cr
- Ambuja Cements₹86,670 Cr
- Shree Cement₹84,068 Cr
- JK Cement₹37,842 Cr
- Dalmia Bharat₹28,491 Cr
- ACC₹21,549 Cr
- The Ramco Cements₹17,291 Cr
- JSW Cement₹15,898 Cr
- Nuvoco Vistas Corporation₹12,136 Cr
- The India Cements₹9,571 Cr
- Star Cement₹6,385 Cr
Every Construction Materials company
- 1
UltraTech CementULTRACEMCO · Cement & Cement Products₹11,150.00−0.27%₹3,28,567 Cr37.3012.7%2.15%−7.2% - 10
Nuvoco Vistas CorporationNUVOCO · Cement & Cement Products₹339.80−0.19%₹12,136 Cr29.306.6%None−20.1% - 17
HeidelbergCement IndiaHEIDELBERG · Cement & Cement Products₹121.31+0.56%₹2,749 Cr23.6011.2%5.77%−37.6% - 26
Shree Digvijay Cement Co.LtdSHREDIGCEM · Cement & Cement Products₹52.85−1.51%₹782 Cr–2.1%1.89%−41.5% - 27
Everest IndustriesEVERESTIND · Other Construction Materials₹484.80+4.13%₹769 Cr40.40−3.0%0.21%−21.3% - 36
Sahyadri IndustriesSAHYADRI · Other Construction Materials₹306.65−2.68%₹336 Cr7.5013.2%1.30%+20.4% - 42
Kanoria Energy & InfrastructureKEIL · Cement & Cement Products₹15.87+9.60%₹135 Cr–10.0%0.32%−26.3% - 46
Kakatiya Cement Sugar & IndustriesKAKATCEM · Cement & Cement Products₹91.58−0.75%₹71 Cr–−13.2%3.28%−36.6% - 50
Sainik Finance and IndustriesSAINIK · Cement & Cement Products₹34.50+1.47%₹38 Cr9.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.45%−20.7% - 55
Neelkanth RockmineralsNEELKAN · Other Construction Materials₹59.07+1.30%₹30 Cr101.30−4.1%None+192.1% - 61
Inani Marbles & IndustriesINANI · Other Construction Materials₹9.90−0.80%₹18 Cr120.401.1%0.40%−49.7%
About construction materials companies in India
Construction materials companies in India make cement and the other materials that go into buildings, roads and bridges. NSE's industry classification groups them in the Construction Materials sector, part of Commodities, and this page ranks the listed ones by market cap.
What the sector covers
The classification has two industries in this sector. Cement and Cement Products covers makers, suppliers and distributors of cement and cement products. Other Construction Materials covers suppliers of other building inputs such as sand. An industry filter on the page narrows the table to either group.
Granite, marble and ceramic tile companies are classified outside the sector, under Furniture, Home Furnishing, Flooring in Consumer Discretionary.
What drives cement businesses
India is the world's second-largest cement producer after China, and cement sells mostly in regional markets because it is heavy and costly to move far. A plant's prices therefore 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.
On 22 Sep 2025 the GST rate on cement fell from 28% to 18%, a decision of the GST Council meeting of 3 Sep 2025. GST is the indirect tax added to the selling price, so the cut lowered the tax in what a buyer pays for a bag.
Capital and returns
A cement plant costs a great deal to build before it sells a bag, so the capital a company runs on is large next to its yearly profit. The page shows the sector's median ROCE for the latest full year. ROCE, return on capital employed, is operating profit after depreciation as a percentage of net worth plus borrowings, and the median is the middle company's figure, so one very large company does not set it.