10 Best Cement Company Stocks in India 2023

 

Introduction to Cement Company Stocks

There are many cement companies in India, but which are the best stocks to buy? This is a question that many investors ask, and there are many factors to consider when making a decision. Here, we will take a look at some of the best cement company stocks in India and what makes them a good investment.

Cement Industry Overview in India

The Indian cement industry is the second largest in the world, with a total installed capacity of nearly 500 million tonnes. The industry is fragmented, with around 200 players operating in the market. The top 10 cement companies account for more than 50% of the total installed capacity. The industry is expected to grow at a CAGR of 7-8% over the next few years.

The cement sector is an important contributor to the country’s economy, contributing around 5-6% of GDP. The per capita consumption of cement in India is around 140 kgs, which is much lower than the global average of 500 kgs. The low per capita consumption provides considerable scope for future growth.

With increasing infrastructure spend and housing demand, the cement sector is expected to grow at a healthy pace over the next few years. Housing and construction are the two major segments that drive demand for cement in India.

10 Best Cement Company Stocks in India 2023

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