Top 3 Most Profitable Cement Stocks Under ₹1000 In 2024
Since the beginning of contemporary globalization in India, the administration has given a great deal of importance to the development of wide-ranging infrastructure, characterized by a steady rise in funding. This deliberate emphasis has been key in propelling India’s swift progress in development, aided by the country’s top cement companies. Their unwavering dedication and superior products have been essential in strengthening the strong growth of India’s infrastructure. Here are the top 3 Profitable Cement Stocks Under ₹1000 In 2024
As India’s swift progress and booming stock market create a significant chance to grow and diversify your investment portfolio, here is the huge opportunity investing in India’s top-performing profitable Cement stocks under ₹1000 offers an attractive chance to increase your profits. These meticulously chosen stocks could greatly boost your portfolio’s earnings, matching India’s energetic development path and favorable market environment.
3) The Ramco Cements Ltd
Ramco Cements Ltd is one of the most profitable Cement Stocks Under ₹1000 , a leading manufacturer of cement, Ready Mix Concrete (RMC), and dry mortar products. It mainly caters to the Indian domestic market, utilizing its skills and facilities to fulfill the country’s increasing need for building materials. Dedicated to excellence and creativity, Ramco Cements Ltd is a key player in aiding India’s expanding infrastructure and construction industries.
Service & Product Offerings
The company provides a variety of products, such as 12 different types of cement designed for specific uses. Aside from producing cement, it also creates and sells dry mix products as well as ready mix concrete (RMC). This wide range of products demonstrates the company’s dedication to meeting the varied requirements of the construction sector, improving effectiveness, and maintaining high standards across its products.
Details
- Market Cap : ₹ 19,818 Cr.
- Current Price : ₹838
- Stock P/E : 55.6
- ROCE : 8.15%
- Debtor Days (2024) : 33
- Net Profit (2024) : 356CR
- Total Assets: :Liabilities : 16,273
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2) JK Lakshmi Cement Ltd
JK Lakshmi Cement Ltd, which is a key part of the JK Group, specializes in producing and providing cement, as well as offering related products like Ready Mix Concrete (RMC) and AAC Blocks. With operations in multiple states across India, the company is known for its strong presence and dedication to supplying top-notch construction materials. JK Lakshmi Cement Ltd plays a crucial role in contributing to the nation’s infrastructure development by utilizing its wide range of products and industry knowledge.
Service & Product Offerings
The company provides a variety of cement products with different brands to meet the diverse needs of customers. These brands comprise JK Lakshmi Cement, JK Lakshmi PRO, Heavy Duty, JK Sixer, Super Sixer, Gypsum Plaster, Wall Putty, JKL Power Mix RMC, JK Smartblox, Smartserve, and others.
Each brand is tailored to fulfill specific requirements in the construction industry, demonstrating JK Lakshmi Cement Ltd’s dedication to offering complete solutions and upholding high quality standards throughout its product lineup.
Details
- Market Cap : ₹ 10,501 Cr.
- Current Price : ₹892
- Stock P/E : 22.5
- ROCE : 17.2%
- Debtor Days (2024) : 02
- Net Profit (2024) : 488CR
- Total Assets: :Liabilities : 7,650
1) Ambuja Cements Ltd
Ambuja Cements Ltd. is among the most profitable Cement Stocks Under ₹1000 and also recognized as a leading cement company in India and is part of the respected Adani Group. Currently, Ambuja Cement has a strong capacity to produce 31 million tonnes of cement, supported by six integrated cement manufacturing plants and eight strategically positioned cement grinding units across the country.
This extensive infrastructure demonstrates Ambuja Cement’s dedication to fulfilling the increasing need for high-quality construction materials in the nation, utilizing its solid industry presence and operational expertise.
Service & Product Offerings
The company is involved in producing and selling various kinds of cement, such as Portland Pozzolana Cement, Ordinary Portland Cement, and Water-repellent Cement, among others.
It also manufactures related construction materials like aggregates, concretes, and concrete blocks. This wide range of products reflects the company’s dedication to fulfilling the diverse requirements of the construction industry while upholding high quality standards for all its products.
Details
- Market Cap : ₹ 1,62,763 Cr.
- Current Price : ₹661
- Stock P/E : 48.2
- ROCE : 14.0 %
- Debtor Days (2024) : 13
- Net Profit (2024) : 4,738CR
- Total Assets: :Liabilities : 65,261
