India Cements P/B Ratio
India Cements (INDIACEM) P/B ratio is 2.57 (Moderate), book value per share ₹326.58 vs Construction average P/B of -0.34 — High - Premium to book value, growth expectations or asset-light model. Compare with INDIACEM stock valuation models to assess whether the stock is under or overvalued.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
INDIACEM P/B Ratio — Valuation Insights & Book Value Analysis
India Cements price-to-book ratio interpretation, valuation status and historical context — current P/B 2.57 (Moderate). For live price, earnings yield and the full fundamental profile, see India Cements share price chart.
- Current PB is 80.2% above historical average
- Trading at premium to sector average PB of -0.34
India Cements P/B Ratio Historical Trend
INDIACEM annual price-to-book ratio — 5 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. View INDIACEM yearly price range for the annual high/low range and current price position.
INDIACEM Historical P/B Ratio — Book Value Per Share & Year-End Price
India Cements annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2026 | 1.23 | ₹326.58 | ₹400.60 | ₹10,124 | Moderate |
| 2025 | 1.32 | ₹328.9 | ₹435.25 | ₹10,196 | Moderate |
| 2024 | 2.08 | ₹180.61 | ₹376.35 | ₹5,599 | Moderate |
| 2023 | 1.38 | ₹187.97 | ₹258.90 | ₹5,827 | Moderate |
| 2022 | 1.12 | ₹194.29 | ₹218.45 | ₹6,023 | Moderate |
INDIACEM vs Construction Peers — P/B Ratio Comparison
India Cements P/B 2.57 vs Construction average -0.34, median 0.41 — range -22.79–0.75.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Shiva Cement | SHIVACEM | -22.79 | ₹515 | Low |
| Hemadri Cements | HEMACEM | -3.9 | ₹33 | Low |
| Refex Renewables Infrast… | REFEXRENEW | -2.19 | ₹143 | Low |
| Sri Chakra Cement Limited | SRICC | -1.91 | ₹45 | Low |
| BGR Energy Systems | BGRENERGY | -1.11 | ₹2,162 | Low |
| Sadbhav Engineering | SADBHAV | -0.68 | ₹158 | Low |
| Triveni Glass | TRIVENIGQ | -0.51 | ₹8 | Low |
| Vardhman Concrete | VARDHMAN | -0.42 | ₹5 | Low |
| Panyam Cements & Mineral… | PANCM | -0.38 | ₹95 | Low |
| GVK Power & Infrastructu… | GVKPIL | -0.34 | ₹485 | Low |