The India Cements (INDIACEM) — Announcement | StockFin

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The India Cements Limited received a CARE AAA rating reaffirmation on its bank facilities and commercial paper, reflecting strong parentage by UltraTech Cement and improved capital structure, though operational scale and profitability remain moderate challenges. The rating underscores strategic importance in South India with 81.49% stake held by UltraTech, while highlighting ongoing efforts to strengthen liquidity and fund a ₹2,000-2,050 crore capex program through term loans and internal accruals. Improved interest coverage to 3.92x in FY26 from negative 1.30x in FY25 signals better debt servicing capacity, though gearing rose slightly to 0.35x. The company maintains investment-grade ratings across all facilities, supported by UltraTech's backing and ESG-aligned initiatives, making this a validation of financial resilience amid sectoral pressures.

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About The India Cements Limited (INDIACEM)

Construction Materials · Cement & Cement Products · Listed on NSE

Market Cap: ₹12,400.54 Cr P/E: -56.7

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