India is the world’s second-largest cement producer, supplying over 500 million tonnes annually. With the government’s push on infrastructure, housing schemes like PMAY, and Smart City projects, demand is rising every year. This makes cement companies and cement stocks in India one of the most attractive choices for investors.
If you’re wondering which are the biggest and leading cement companies in India or how to select the right cement stocks for your portfolio, you’re in the right place. In this blog, we’ll cover the top cement companies, highlight key market trends, and guide you towards making an informed investment decision.
Below is the updated list of top cement stocks in India for 2026, ranked by market capitalisation. The table also shows each stock’s current market price (CMP) and market cap to help you compare them easily.
| Best Cement Stocks in India | Current Market Price (CMP) | Market Capitalization (₹ Cr) |
| 1. UltraTech Cement | ₹12,722 | 3,76,433 |
| 2. Ambuja Cements | ₹528 | 1,30,574 |
| 3. Shree Cements | ₹28,500 | 1,02,800 |
| 4. JK Cement | ₹6,550 | 50,600 |
| 5. Dalmia Bharat | ₹2,300 | 43,100 |
| 6. The Ramco Cements | ₹1,005 | 23,750 |
| 7. ACC | ₹1,785 | 33,500 |
| 8. Nuvoco Vistas | ₹426 | 15,220 |
| 9. India Cements | ₹380 | 11,780 |
| 10. Star Cement | ₹261 | 10,760 |
These leading cement companies in India are known for their strong financials, large production capacities and nationwide distribution. Whether you’re a beginner or an experienced investor, these stocks are worth tracking for potential long-term growth.
This section will provide an overview of the top cement companies, focusing on their market cap, current market price (CMP), stock returns, and P/E ratio.
UltraTech Cement Limited is India's largest cement manufacturer with an installed capacity of over 191 MTPA (as of early 2026). It produces a wide range of cement types including OPC, PPC and ready-mix concrete and has a strong presence across domestic and export markets. The company recently expanded its capacity with new grinding units in Maharashtra, Rajasthan, and Uttar Pradesh.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 1.20 | 78.50 | 210.40 |
Cement and clinker are produced and marketed by Ambuja Cements Ltd. for local and international markets. They are India's third-biggest cement manufacturer and part of the Adani Group. The company operates with 24 integrated plants and 22 grinding units, achieving a consolidated cement capacity of 108.85 MTPA. Ambuja Cements recently reported record quarterly revenue and maintains a debt-free status.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| -7.50 | -2.50 | 165.80 |
Note: Based on Cumulative Return. Estimated values as of early Feb 2026.
One of the top producers of cement in North India is Shree Cement Ltd. The company sells its goods under the following three brand names: Tuff Cemento, Bangur Cement, and Shree Ultra Jung Rodhak Cement. The business is also involved in Power and Cement's operations.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 15.20 | 22.10 | 54.30 |
J.K. Cement Limited manufactures water-proof, white, and grey cement. The company has two plants in the northern Indian state of Rajasthan, at Nimbahera and Mangrol, producing grey cement.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 38.80 | 128.60 | 330.20 |
Note: Based on Cumulative Return. Estimated values based on market trends.
Dalmia Bharat Limited operates one of India’s largest cement businesses with a diversified portfolio that includes OPC, PPC, PSC and speciality cements. It has a strong presence across South, East and North-East India.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| -35.80 | 38.20 | 205.50 |
The flagship company of the Ramco Group, a renowned corporate conglomerate in South India, is Ramco Cements Limited (formerly Madras Cements Ltd). Its main office is in Chennai. With a current total production capacity of 13.0 MTPA, the company's primary product is Portland cement, produced in five cutting-edge production facilities in South India.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 21.80 | 32.20 | 43.10 |
The leading producer of cement and concrete in India is ACC Ltd.Innovative research, product development, and specialised consulting services are all hallmarks of the company's R&D facility. In the Indian market, ACC's brand is well-known and has a high level of equity.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| -26.50 | -32.80 | 32.40 |
To create a safer, smarter, and more sustainable world, Nuvoco Vistas Corporation Limited (Nuvoco) is a building materials firm that strives to be a leading provider of building materials with exceptional performance.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 19.50 | -4.80 | -18.20 |
The biggest cement producer in South India is India Cements Ltd.Ready-to-mix concrete, Coromandel King, Sankar Sakthi, and Raasi Gold OPC (Ordinary Portland Cement) are among the company's products. This high-strength cement is used to construct runways, concrete highways, and bridges.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 5.20 | 32.10 | 235.80 |
Star Cement is one of the fastest-growing cement companies in India, with a strong presence in the North-East and Eastern markets. Known for cost-efficient operations and a focus on quality, the company benefits from rising demand in regional infrastructure and housing projects.
Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 22.40 | 145.20 | 206.90 |
India produces over 500 million tonnes of cement annually, making it the world’s second-largest cement producer (Source: IBEF). This huge capacity is the backbone of the country’s fast-growing infrastructure and real estate sectors. From highways and metros to homes and malls, cement drives almost every major construction activity in India.
For investors, this steady demand makes cement stocks in India an attractive option. The sector is led by private players, which account for about 98% of total production, with the 20 biggest cement producers in India contributing nearly 70% of output (Source: ICRA).
Government programmes such as Housing for All, the Smart Cities Mission and higher allocations to the National Infrastructure Pipeline are expected to keep demand rising in the coming years. These factors make shares of leading cement companies in India an appealing long-term opportunity for both new and experienced investors.
Evaluating a company’s fundamentals, market position, and growth potential is key to making informed investment decisions. Below are the most important factors to check when identifying the best cement companies in India.
Penny stocks in the cement sector can be enticing due to their low price and potential for high returns. However, it's important to choose wisely, as these stocks come with high risks. To minimise risk, consider penny cement stocks in India with a market cap above ₹500 crore.
| Stock Name | Market Capitalization (₹ Cr) | Current Market Price (CMP) |
| 1. Shiva Cement | ₹830 | ₹28.15 |
| 2. Sanghi Industries | ₹1,620 | ₹62.70 |
| 3. Andhra Cements | ₹845 | ₹91.80 |
| 4. Shree Digvijay Cement | ₹1,270 | ₹85.90 |
*Estimated values as of early February 2026 based on market trends.
The price of cement stocks in India moves with the country’s construction and infrastructure cycle. By tracking the following factors, investors can better evaluate leading cement companies and their share price trends.
While cement stocks have long-term growth potential, there are risks you need to consider before investing. Knowing these can help you minimise losses and make better decisions.
Investing in the cement industry in India is straightforward and can be done in just a few steps. Here’s how you can get started:
Investing in the top cement stocks offers numerous advantages, especially as the sector is directly tied to the country's growth and development. Here are the top benefits:
Investing in cement stocks in India is a smart way to align your portfolio with the country’s rapid infrastructure growth and economic development. With consistent demand driven by government initiatives like PMAY and the National Infrastructure Pipeline, cement companies offer stability and growth potential. Investors can make informed decisions by carefully evaluating factors such as market share, profitability, and sustainability efforts.
Penny cement stocks in India
Penny cement stocks are low-priced stocks of small-cap cement companies. They may offer high returns but have significant risks due to volatility and liquidity issues. Investors should carefully research and choose penny stocks with a market cap of more than ₹500 crore to minimise risk.
What are cement stocks?
Cement stocks are shares of companies involved in the manufacturing and distributing of cement, a core material used in construction. These stocks represent a significant segment of the infrastructure and real estate sectors, making them a key investment option for those interested in India’s growth.
What are the best cement stocks in India?
The best cement stocks in India include UltraTech Cement, Ambuja Cements, Shree Cements, ACC, and J K Cement. These companies are known for their strong market presence, consistent financial performance, and leadership in the industry.
Should I invest in cement?
Yes, investing in cement is a good option, especially in India, where the sector is driven by infrastructure development, urbanisation, and housing demand. They provide long-term growth potential and are backed by government initiatives, making them a stable investment choice.
What is the future of cement stocks?
The future of cement stocks looks bright, with the industry projected to grow steadily due to increased government spending on infrastructure projects, urban housing, and sustainability initiatives. Focusing on green cement and export opportunities further boosts the sector’s potential.
Cement stocks are shares of companies involved in the manufacturing and distributing of cement, a core material used in construction. These stocks represent a significant segment of the infrastructure and real estate sectors, making them a key investment option for those interested in India’s growth.
The best cement stocks in India include UltraTech Cement, Ambuja Cements, Shree Cements, ACC, and J K Cement. These companies are known for their strong market presence, consistent financial performance, and leadership in the industry.
Yes, investing in cement is a good option, especially in India, where the sector is driven by infrastructure development, urbanisation, and housing demand. They provide long-term growth potential and are backed by government initiatives, making them a stable investment choice.
The future of cement stocks looks bright, with the industry projected to grow steadily due to increased government spending on infrastructure projects, urban housing, and sustainability initiatives. Focusing on green cement and export opportunities further boosts the sector’s potential.
Penny cement stocks are low-priced stocks of small-cap cement companies. They may offer high returns but have significant risks due to volatility and liquidity issues. Investors should carefully research and choose penny stocks with a market cap of more than ₹500 crore to minimise risk.
