Top 10 Cement Companies In India In 2022


Today’s market is crowded with a variety of cement manufacturers, making it confusing to choose the best cement for construction. More than half of the world’s cement production, or over 2.2 billion metric tonnes, is expected to have been produced in China in 2019. India is responsible for about 8% of the installed capacity worldwide. The socio-economic and industrial development are significantly impacted by the cement sector. With annual levies and tax collections of more than 500 billion yen, India ranks fifth in terms of its contribution to the government’s revenue. Let’s, therefore, comprehend the significance of the cement sector and learn about the top cement companies in India.


UltraTech Cement

Aditya Birla Group, one of the Fortune 500 companies, includes UltraTech Cement in its group of companies. This is one of the top cement companies in India and the largest manufacturer of white cement, ready-mix concrete (RMC), and grey cement in India. With a combined grey cement capacity of 119.95 mtpa, it is the third largest cement producer in the world outside of China and the only one outside of China to have 100+ mtpa of cement manufacturing capacity in a single nation. The corporation has activities in Bahrain, Sri Lanka, the United Arab Emirates, and India. While infrastructure development is accelerating, it is anticipated that the rural sector will continue to fuel demand for UltraTech.

Revenue FY22: 53,106 Cr

Production capacity: 119.95 MTPA

Employees: 22,000

Market Share: 21.4 %

PE Ratio(x): 26.84

Market Cap: 1,94,046 Cr


Ambuja Cement

One of the most popular cement companies in India is Ambuja Cement Ltd. A subsidiary of Holcim, a leader in innovative and sustainable building techniques. With five integrated cement production facilities and eight cement grinding units, the business now has a nationwide cement capacity of 29.65 million tonnes. The market leader in the sustainable use of natural and artificial resources is Ambuja Cement. The company has received the water positive certification almost eight times, an accomplishment made possible by increases in plant efficiency and water conservation. It is also plastic-negative since it burns 75,000 tonnes of waste plastic in its kilns, 2.5 times as much plastic as is actually used.

Revenue FY22: 27,684 Cr

Production capacity: 29.65 MTPA

Employees: 4,625

Market Share: 63.19 %

PE Ratio(x): 31.91

Market Cap: 75,495 Cr


ACC Cement

ACC Cement, which has been around for more than 80 years, is considered to be one of the best cement companies in India. The business is widely distributed around the country, and its effective marketing strategy helps to create national infrastructure. A comprehensive distribution network of more than 50,000 dealers and retailers, over 6,600 skilled workers, nearly 90 ready-mix concrete plants, and a national sales network are all part of ACC.

Revenue FY20: 15,975 Cr

Production capacity: 33.05 mtpa

Employees: 6,600+

Market Share: 6%

PE Ratio(x): 30.84

Market Cap: 41,775 Cr


Shree Cement

Shree Cement (SCL), established in 1979, has a combined ability to produce 47.4 million tonnes of cement annually (including capacity from international sources), as well as 742 megawatts of electricity. With four integrated factories in India, one in the United Arab Emirates, and nine grinding units, its operations are dispersed between these two countries. In addition, it was one of the first businesses in the sector to use alternative fuels to manufacture cement, and it now has the second-largest installed capacity of waste heat recovery power plants in the world, behind only China.

Revenue FY21: 13, 942 Cr 

Production capacity: 47.4 mtpa

Employees: 6,185

Market Share: 7%

PE Ratio(x): 38.37

Market Cap: 76,475 Cr


Dalmia Bharat

Mr Jaidayal Dalmia launched Dalmia Cement in 1939, making it one of the country’s earliest homegrown cement businesses. The business has its main office in New Delhi and is traded on both the Bombay Stock Exchange and the National Stock Exchange. Thirteen cement mills and grinding units with a combined annual capacity of 35 million tonnes are dispersed over nine states (MTPA). The company’s three most well-known brands, Dalmia Cement, Dalmia DSP, and Konark Cement, provide a variety of cement types.

Revenue FY22: 8,300 Cr

Production capacity: 35.9 mtpa

Employees: 5,634

Market Share: 5.5%

PE Ratio(x): 27.58

Market Cap: 30,284 Cr


JK Cement

One of the top cement companies in India and a top producer of cement and building supplies is JK Cement. The company’s product line includes valuation goods, grey cement, and white cement. It is one of the primary producers of grey and white cement in India and the biggest producer of wall putty. It is a fully integrated player with a 144 MW captive power plant and an annual capacity of 14.67 million tonnes for grey cement and 2.54 million tonnes for white cement. Following a profitable 4.2 mtpa expansion in North India that is still ramping up, JK Cement has launched a new 4 mtpa development in Central India.

Revenue FY22: 2,350 Cr

Production capacity: 14.67 mtpa

Employees: 3,941

PE Ratio(x): 29.19

Market Cap: 20,102 Cr


The Ramco Cement

Ramco Cements Limited is the main business of the Ramco Group. Portland cement, which is the company’s main product, is manufactured in eight cutting-edge manufacturing facilities, including Integrated Cement Plants and Grinding Units. Ramco Cement is the fifth-largest cement company in India and one of the greatest cement producers in the world. Products for dry mortar and ready-mix concrete are produced by Ramco Cement.

Revenue FY19: 5,146 Cr

Production capacity: 2.25 mtpa

Employees: 3034

Market Share: 3%

PE Ratio(x): 20.79

Market Cap: 17,860 Cr


Birla Corporation

Birla Jute Manufacturing Company, the MP Birla Group’s flagship company, was established in 1919. Since then, Corporation has expanded to become India’s largest cement manufacturer. The company’s primary line of business is cement manufacturing, but it also holds a significant amount of market share in the jute sector. Ten factories spread across seven locations make up its cement industry. Reliance Cement became a wholly owned subsidiary of Birla Corporation after it acquired Reliance Cement Company (Reliance Cement), a division of Reliance Infrastructure (RIL), for an enterprise value of ‘4,800 crores.

Revenue FY22: 2,200 Cr

Production capacity: 15.6 mtpa

Employees: 1098

Market Share: 3.2%

PE Ratio(x): 22.77

Market Cap: 7,260 Cr


JK Lakshmi Cement

As a member of the JK Organization, which operates in the tyre, cement, paper, power transmission and sealing solutions, dairy products, and textile industries both in India and abroad, JK Lakshmi Cement, situated in Sirohi, Rajasthan, was established in 1982. With more than 7,000 dealers, JK Lakshmi Cement has a sizable dealer network in Northern, Eastern, and Western India. 

Revenue FY22: 1,650 Cr

Production capacity: 13.3 mtpa

Employees: 1k-5k 

PE Ratio(x): 12.56

Market Cap: 5,460 Cr


Rain Industries

One of the best cement companies in India as well as South India’s best cement producers is Rain Cements Limited (RCL). It comprises two factories with a combined annual capacity of 4.0 million tonnes. RCL manufactures high-quality Portland Pozzolana Cement (PPC) and Common Portland Cement (OPC). The cement manufacturing facilities are strategically located and strictly follow BIS criteria for producing cement. About 75% of RCL’s capacity is provided by PPC-grade cement, and the remaining 25% is made up of OPC-grade cement.

Revenue FY22: 5,540 Cr

Production capacity: 2.49

Employees: 203

PE Ratio(x): 5.99

Market Cap: 6,441 Cr


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