How India buys cement
5 listed companies sold ₹176,682 crore of cement in FY26, up 14.2% on FY25. UltraTech Cement Ltd sold the most, 50.1% of it. UltraTech Cement Ltd earned the most on each rupee of sales: 14.5%.
The brands, and who owns them
Birla White, Weather Plus, Aquaseal, Enviroplus Classic and others are UltraTech Cement Ltd's; ACC, Ambuja, Ambuja Cement, ACC Gold and others are Ambuja Cements Ltd's; Bangur, Bangur Cement, Bangur Magna, Bangur Powermax and others are Shree Cement Ltd's; Dalmia Bharat Cement, Dalmia Cement, Dalmia Bharat DSP, Dalmia DSP and others are Dalmia Bharat Ltd's; Whitemax is J K Cements Ltd's; UltraTech Cement is Grasim Industries Ltd's. Brands are read from each company's filings and checked against a public source.
Who sells the most
UltraTech Cement Ltd had 50.1% of the listed companies' sales of cement here, 2.3 times as much as Ambuja Cements Ltd, the next largest. The two together sold 72%; the other 3 the rest.
How the sales have grown, and who sold them
The listed companies here sold ₹1.77 lakh Cr of cement in FY26. Counting only the companies with figures in both years, sales went from ₹69,935 Cr in FY19 to ₹1.38 lakh Cr, 2.0 times as much. The biggest rise was in FY23 (+20%) and the weakest year FY25 (+2%). UltraTech Cement Ltd's part of the total went from 49% in FY25 to 50% in FY26. Over three years J K Cements Ltd grew fastest, +11.8% a year. Some companies are counted only from a later year (Ambuja Cements Ltd from FY25).
Who earns the most on each rupee
Operating profit before interest and tax, as a share of sales of cement. UltraTech Cement Ltd earned 14.5% on its sales in FY26, against 14.9% in FY17; its best year was FY21 at 17.5%. Ambuja Cements Ltd earned 8.1% on its sales in FY26, against 10.6% in FY25. Shree Cement Ltd earned 12.0% on its sales in FY26, against 17.1% in FY17; its best year was FY21 at 21.5%. Dalmia Bharat Ltd earned 13.0% on its sales in FY26, against 1.4% in FY17; its best year was FY21 at 13.2%. J K Cements Ltd earned 13.6% on its sales in FY26, against 6.9% in FY17; its best year was FY21 at 16.3%.
The companies, and their brands
| Company and brands | Sales FY26 | Growth 1 yr | 3 yrs | 5 yrs | Margin | Profit share | Return on assets | P/E | ROE | Share price 1 yr |
|---|---|---|---|---|---|---|---|---|---|---|
| UltraTech Cement Ltd Birla White, Weather Plus, Aquaseal, Enviroplus Classic, Enviroplus Enhanced, Enviroplus Supreme, FreeFlow+, LiteCon, Thermocon Sells in 28 states and 3 countries; exports 0.25% of turnover |
₹88,512 Cr | +16.5% | +11.6% | +14.2% | 14.5% | 57.6% | — | 37.0 | 10.3% | -10.9% |
| Ambuja Cements Ltd ACC, Ambuja, Ambuja Cement, ACC Gold, Adani Cement, Ambuja Compocem, Ambuja Kawach, Ambuja Plus Sells in 23 states and 1 countries; exports 0.02% of turnover |
₹38,700 Cr | +15.0% | — | — | 8.1% | 14.1% | 3.8% | 19.6 | 7.7% | -37.9% |
| Shree Cement Ltd Bangur, Bangur Cement, Bangur Magna, Bangur Powermax, Bangur Rockstrong, Bangur Shree Jung Rodhak, Jung Rodhak, Powermax, Rockstrong, Bangur Concrete, Bangur Marble, Bangur Marble Cement Sells in 24 states; exports 0.0% of turnover |
₹20,943 Cr | +8.6% | +4.6% | +8.4% | 12.0% | 11.3% | — | 49.2 | 7.8% | -24.9% |
| Dalmia Bharat Ltd Dalmia Bharat Cement, Dalmia Cement, Dalmia Bharat DSP, Dalmia DSP, Dalmia DSP Cement, Konark Cement, Dalmia Bharat Supreme, Dalmia Infra Pro, Dalmia InstaPro, Dalmia Supreme, InfraPro Cement, InstaPro Cement Sells in 23 states; exports 0.01% of turnover |
₹14,804 Cr | +5.9% | +1.3% | +7.5% | 13.0% | 8.7% | — | 33.2 | 1.8% | -25.3% |
| J K Cements Ltd Whitemax Sells in 25 states and 42 countries; exports 0.0% of turnover |
₹13,722 Cr | +15.5% | +11.8% | +15.4% | 13.6% | 8.4% | — | 39.9 | 15.9% | -27.3% |
Also sold by
See every one of these companies in Valarth
Questions people ask
Which listed companies sell cement in India?
5 listed companies report their sales of cement: UltraTech Cement Ltd (ULTRACEMCO), Ambuja Cements Ltd (AMBUJACEM), Shree Cement Ltd (SHREECEM), Dalmia Bharat Ltd (DALBHARAT), J K Cements Ltd (JKCEMENT). 1 more sell them but report them together with other products.
Which listed company sells the most cement in India?
UltraTech Cement Ltd, with sales of cement of ₹88,512 crore in FY26: 50.1% of the listed companies' total here.
How big is the listed market for cement?
The listed companies here sold ₹176,682 crore of cement in FY26, up 14.2% on FY25. Private makers are not included.
Which listed company makes the most profit on cement?
UltraTech Cement Ltd: its operating profit was 14.5% of its sales of cement in FY26.
Who owns Birla White?
Birla White is a brand of UltraTech Cement Ltd, listed on the NSE as ULTRACEMCO.
Who owns Weather Plus?
Weather Plus is a brand of UltraTech Cement Ltd, listed on the NSE as ULTRACEMCO.
Who owns ACC?
ACC is a brand of Ambuja Cements Ltd, listed on the NSE as AMBUJACEM.
Who owns Ambuja?
Ambuja is a brand of Ambuja Cements Ltd, listed on the NSE as AMBUJACEM.
Who owns Bangur?
Bangur is a brand of Shree Cement Ltd, listed on the NSE as SHREECEM.
Who owns Bangur Cement?
Bangur Cement is a brand of Shree Cement Ltd, listed on the NSE as SHREECEM.
Who owns Dalmia Bharat Cement?
Dalmia Bharat Cement is a brand of Dalmia Bharat Ltd, listed on the NSE as DALBHARAT.
Who owns Dalmia Cement?
Dalmia Cement is a brand of Dalmia Bharat Ltd, listed on the NSE as DALBHARAT.
Who owns Whitemax?
Whitemax is a brand of J K Cements Ltd, listed on the NSE as JKCEMENT.