India Cements Capital (BSE: INDCEMCAP) is loss-making over the last 12 months, losing ₹0.50 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹28.57, 20% below its 52-week high. Sales grew 7.4% a year over 3 years. It is a small-cap company with a market cap of ₹62 Cr, ranked 109th of 219 Capital Markets companies by market cap; the shares rose 74% over the past year.
- ₹29.00
- ₹29.00
- ₹28.57
- ₹29.15
- 1.2K
Health check
- ReturnsAhead
+73.5% over a year, better than 7 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +7.4% a year over 3 years, but loss-making now.
- ProfitabilityNegative
ROCE -2.5% vs peer median 22.1%.
- Balance sheetStretched
Piotroski 6 of 9.
- Red flags4 to check
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹62 Cr
- Small cap
- P/E
- n/a
- Industry 18.4
- Price to book
- 4.00
- Peers 4.53
- Dividend yield
- 0.00%
- ROE
- −2.7%
- Peers 18.9%
- ROCE
- −2.5%
- Peers 22.1%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- −₹0.27
- OPM (TTM)
- −14.8%
- Net margin −0.2%
- Sales growth
- −12.1%
- Latest quarter vs a year ago
- Profit growth
- −86.1%
- Latest quarter vs a year ago
- Price to sales
- 0.24
- EV/EBITDA −110.2
Strengths and risks
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −2.7%.
- Quarterly profit down 86.1% on a year ago.
- Quarterly sales down 12.1% on a year ago.
About India Cements Capital
India Cements Capital Limited, together with its subsidiaries, provides money changing services in India. It offers For X Change, a money changing service for foreign exchange, money transfer, travel insurance, currency converter, forex rates, and AD-II services; and advisory services for the on the forex market to exporters and importers under the Midas Advisory brand name. The company is also involved in share broking activities; and provision of travel…
- Headquarters
- Chennai
- Employees
- 75
- Sector
- Financial Services
- ISIN
- INE429D01017
- Website
- iccaps.co.in
Price range
- Avg volume (3M)
- 46.1K
- 1-year return
- plus 73.5%
- From 52-week high
- minus 20.2%
Peers · Capital Markets
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GROWWBillionbrains Garage Ventures | 215.08 | minus 3.93% | 1,33,585 | 50.3 | 13.78 | 29.3% | 21.6% | 62.9% | – | – | 0.00% | plus 63.8% |
| MOTILALOFSMotilal Oswal Financial Services | 1,102.00 | plus 0.64% | 66,448 | 25.0 | 4.27 | 18.1% | 18.9% | 52.4% | 29.0% | 26.1% | 0.54% | plus 11.1% |
| AIILAuthum Investment & Infrastructure | 570.05 | plus 0.08% | 48,410 | 27.6 | 3.29 | 15.2% | 13.1% | 74.0% | 44.4% | −23.5% | 0.00% | minus 0.7% |
| ANGELONEAngel One | 331.00 | plus 1.49% | 30,290 | 26.8 | 4.53 | 26.9% | 18.4% | 39.7% | 20.3% | 0.9% | 1.95% | plus 29.5% |
| CDSLCentral Depository Services (India) | 1,331.40 | minus 0.19% | 27,826 | 55.1 | 14.03 | 29.7% | 26.4% | 51.3% | 27.3% | 18.2% | 0.96% | minus 13.3% |
| CHOICEINChoice International | 748.20 | minus 0.09% | 16,668 | 62.9 | 8.90 | 17.6% | 15.8% | 35.3% | 42.2% | 53.6% | 0.00% | minus 7.4% |
| IIFLCAPSIIFL Capital Services | 349.80 | plus 0.13% | 13,036 | 18.8 | 3.15 | 22.1% | 19.5% | 36.1% | 19.9% | 30.9% | 0.86% | plus 4.1% |
| INDCEMCAPIndia Cements Capital | 28.57 | minus 1.99% | 62 | – | 4.00 | −2.5% | −2.5% | −14.8% | 7.4% | – | 0.00% | plus 73.5% |
| Median of 7 peers | – | 0.08% | 30,290 | 27.6 | 4.53 | 22.1% | 18.9% | 51.3% | 28.2% | 22.2% | 0.54% | 4.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1.4 | 1.1 | 1.2 | 1.3 | 1.2 | |
| 1.2 | 1.3 | 1.3 | 1.7 | 1.3 | |
| 0.2 | −0.1 | −0.1 | −0.5 | −0.1 | |
| 12.3% | −12.4% | −4.4% | −36.3% | −5.1% | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| – | – | −0.3 | −0.1 | – | |
| 0.3 | −0.1 | −0.2 | −0.4 | 0 | |
| 28.5% | −15.4% | 18.4% | 7.3% | 45.3% | |
| 0.2 | −0.1 | −0.2 | −0.4 | 0 | |
| 0.08 | -0.03 | -0.08 | -0.17 | 0.01 |
Profit & loss
- Sales CAGR 3Y
- +7.4%
- ROE
- −2.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 208 | 372 | 298 | 258 | |
| – | +78.6% | minus 19.9% | minus 13.4% | |
| 207 | 370 | 297 | 258 | |
| 0.6 | 1.7 | 0.4 | 0 | |
| 0.3% | 0.5% | 0.1% | 0.0% | |
| 0.3 | 0.3 | 0.4 | 0.4 | |
| 0 | 0 | 0 | 0 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| – | – | – | −0.8 | |
| 0.8 | 2 | 0.7 | −0.4 | |
| 14.3% | 24.6% | 25.1% | −1.4% | |
| 0.7 | 1.5 | 0.6 | −0.5 | |
| – | +109.5% | minus 63.1% | minus 181.6% | |
| 0.33 | 0.70 | 0.26 | -0.19 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 21.7 | 21.7 | 21.7 | 21.7 | |
| −5.4 | −3.9 | −3.4 | −3.8 | |
| 44.4 | 44.3 | 44.8 | – | |
| 4.7 | 4.9 | 4.8 | 2.7 | |
| 65.3 | 67 | 67.8 | 20.6 | |
| 0.3 | 0.3 | 0.4 | 0.3 | |
| 1.6 | – | – | – | |
| 11.6 | 13.4 | 14.2 | 11.2 | |
| 51.8 | 53.2 | 53.3 | 9.1 | |
| 65.3 | 67 | 67.8 | 20.6 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −0.4 | −0 | −0 | 41.3 | |
| 0.4 | 2 | 0.4 | 0.4 | |
| −0.3 | −0.2 | 0.4 | −44.8 | |
| −0.4 | 1.8 | 0.8 | −3 | |
| −0 | −0.1 | −0.1 | −0 | |
| −0.5 | −0.1 | −0.1 | 41.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.