Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Cement Products Stocks in India

Cement Products: BirlaNu Ltd owns the largest revenue base; Sanghi Industries Ltd has the fastest current growth.

01 · the index people search for

Nifty Cement Products Index — Constituents & Performance

The Cement Products companies below are the listed Indian Cement Products universe this page tracks — the same constituent set people search for as the Nifty Cement Products index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Cement Products moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 25% behind NIFTY 500. Earnings across its companies grew 52% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 8 weeks running.

FADING · −1 in 4w~Fundamentals up, price down3 of 6 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑8w · 4/6 >200d (+1) · 3/6 lead (−1) · EPS 3/6↑

20020262025202420232022 275333 TRAILING 12-MONTH EPS · 100 AT THE START0100151Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 38.0% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 53, against 100 at the start · up 4.7% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 47, against 100 at the start · down 15.5% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 18, against 100 at the start · up 3.8% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 38, against 100 at the start · up 33.5% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 32, against 100 at the start · up 32.7% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 30, against 100 at the start · up 30.0% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 124, against 100 at the start · up 96.3% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 133, against 100 at the start · up 56.8% on a year ago · 4 reportingDec 2025 · trailing 12-month earnings per share at 135, against 100 at the start · up 34.5% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 151, against 100 at the start · up 19.2% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two151 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20020262025202420232022 275333 TRAILING 12-MONTH EPS · 100 AT THE START0100151Mar 24Mar 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 38.0% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 53, against 100 at the start · up 4.7% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 47, against 100 at the start · down 15.5% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 18, against 100 at the start · up 3.8% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 38, against 100 at the start · up 33.5% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 32, against 100 at the start · up 32.7% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 30, against 100 at the start · up 30.0% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 124, against 100 at the start · up 96.3% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 133, against 100 at the start · up 56.8% on a year ago · 4 reportingDec 2025 · trailing 12-month earnings per share at 135, against 100 at the start · up 34.5% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 151, against 100 at the start · up 19.2% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two151No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Cement Products, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 6 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Cement Products outperforming NIFTY 500?

Cement Products has underperformed NIFTY 500 by 9.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 12.8%. 4 of 6 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. GPT Infraprojects Ltd is the strongest against the sector itself at +9.2%. Readings are as of 2026-07-19.

+12.8%Sector vs NIFTY 500 · 13 weeks
-9.1%Sector vs NIFTY 500 · 52 weeks
4/6Stocks leading NIFTY 500
4/6Stocks leading sector

Sector metric: 21.4 as of 2026-07-19 · NARROWING · rising.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Cement Products has underperformed NIFTY 500 by 9.1% over 52 weeks and 12.8% over 13 weeks. 4 of 6 covered companies beat NIFTY on Mansfield relative strength, while 4 of 6 beat the sector itself. BirlaNu Ltd leads with revenue of ₹3,730 crore, based on 6 of 6 comparable companies through Mar 2026.

Companies
6
complete canonical membership
Combined market value
₹9.4K Cr
Ramco Industries Ltd
Revenue growing
5/6
positive TTM year-on-year growth
Beating NIFTY 500
4/6
positive Mansfield relative strength
Comparing 5 of 6
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Ramco Industries Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 86.6% evidence confidence.
Indian Hume Pipe Company Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Ramco Industries LtdRAMCOIND 66.9/100Favorable setup87% evidence TURNING 26.0/35 Revenue 7.4% · PAT 69.6% · OPM change 3 pp 88% evidence 12.8/25 ROCE 4.6% · OPM 13% 100% evidence 15.6/20 P/E 9.6× · PEG 0.24 85% evidence 12.5/20 RS sector 2.9% · RS bench 3.7% · 1Y 14.1%5 of 10 weeks ahead 70% evidence
Exact sum: 26 + 12.8 + 15.6 + 12.5 = 66.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2GPT Infraprojects LtdGPTINFRA 63.3/100Mixed-positive evidence78% evidence TURNING 18.9/35 Revenue 1.6% · PAT 14.5% · OPM change 4 pp 95% evidence 19.8/25 ROCE 21.4% · OPM 16% 95% evidence 9.8/20 P/E 15.2× · PEG — 35% evidence 14.8/20 RS sector 9.2% · RS bench 3.4% · 1Y -7.4%3 of 11 weeks ahead 70% evidence
Exact sum: 18.9 + 19.8 + 9.8 + 14.8 = 63.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Visaka Industries LtdVISAKAIND 58.5/100Mixed-positive evidence67% evidence TURNING 26.2/35 Revenue 8.8% · PAT 100% · OPM change 1 pp 83% evidence 12.9/25 ROCE 6.8% · OPM 11% 95% evidence 10.0/20 P/E 55.8× · PEG — 0% evidence 9.4/20 RS sector -4.3% · RS bench 15.6% · 1Y 2.7%10 of 10 weeks ahead 70% evidence
Exact sum: 26.2 + 12.9 + 10 + 9.4 = 58.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Indian Hume Pipe Company LtdINDIANHUME 47.1/100Mixed-negative evidence80% evidence BREAKING OUT 6.8/35 Revenue -12.5% · PAT -74.5% · OPM change -3 pp 83% evidence 15.2/25 ROCE 9.5% · OPM 11% 95% evidence 7.5/20 P/E 34.1× · PEG — 35% evidence 17.6/20 RS sector 3.2% · RS bench 7.2% · 1Y -8%5 of 12 weeks ahead 100% evidence
Exact sum: 6.8 + 15.2 + 7.5 + 17.6 = 47.1 · Decision use: Price leads the evidence: RS versus the benchmark is 7.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
5BirlaNu LtdBIRLANU 23.3/100Adverse evidence65% evidence BASING 10.9/35 Revenue 3.2% · PAT -80% · OPM change -3.2 pp 62% evidence 2.0/25 ROCE -4.3% · OPM -0.8% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 0.4/20 RS sector -20.9% · RS bench -18.1% · 1Y -42%0 of 12 weeks ahead 100% evidence
Exact sum: 10.9 + 2 + 10 + 0.4 = 23.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Sanghi Industries LtdSANGHIIND 39.6/100Thin evidence · provisional46% evidence 16.3/35 Revenue 24.1% · PAT -5.7% · OPM change -4 pp 40% evidence 5.3/25 ROCE -3.9% · OPM 8% 71% evidence 10.0/20 P/E — · PEG — 0% evidence 8.0/20 RS sector 1.3% · RS bench -12.4% · 1Y -27.3%1 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 16.3 + 5.3 + 10 + 8 = 39.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
05 · what price has already done

Market action

Ramco Industries Ltd has the strongest one-year price move in Cement Products at +14.1%. Visaka Industries Ltd leads on Mansfield relative strength against NIFTY at +15.6%. 4 of 6 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

BirlaNu Ltd has the highest Revenue among the 6 Cement Products companies compared here, at ₹3,730 crore. Ramco Industries Ltd is next at ₹1,786 crore. Sanghi Industries Ltd has the highest Revenue growth at 24.1%, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: BirlaNu Ltd is the scale leader at ₹3,730 crore, 108.8% ahead of Ramco Industries Ltd. Sanghi Industries Ltd's growth is 24.1% from a ₹1,140 crore base, with 13 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderBirlaNu Ltd · ₹3,730 crore
Gap108.8% versus #2 · Ramco Industries Ltd
Persistence7/8 recent comparable periods
Coverage6/6 companies · 89 observations

Investor read: BirlaNu Ltd is the scale benchmark; Sanghi Industries Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: BirlaNu Ltd's growth falls below Sanghi Industries Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1BirlaNu Ltd BIRLANU⚠ unverified₹3.7K Cr
2Ramco Industries Ltd RAMCOIND₹1.8K Cr
3Visaka Industries Ltd VISAKAIND⚠ unverified₹1.7K Cr
4Indian Hume Pipe Company Ltd INDIANHUME⚠ unverified₹1.3K Cr
5GPT Infraprojects Ltd GPTINFRA⚠ unverified₹1.3K Cr
Revenue growthfastest growers
1Sanghi Industries Ltd SANGHIIND · older report⚠ unverified24%
2Visaka Industries Ltd VISAKAIND⚠ unverified8.8%
3Ramco Industries Ltd RAMCOIND7.4%
4BirlaNu Ltd BIRLANU⚠ unverified3.2%
5GPT Infraprojects Ltd GPTINFRA⚠ unverified1.6%
Revenue · company comparison
6/6 level · 6/6 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
BirlaNu Ltd BIRLANU⚠ unverified₹1.0K Cr8.7%Mar 2026
Ramco Industries Ltd RAMCOIND₹502 Cr19%Mar 2026
Visaka Industries Ltd VISAKAIND⚠ unverified₹480 Cr13%Mar 2026
Indian Hume Pipe Company Ltd INDIANHUME⚠ unverified₹351 Cr-10%Mar 2026
GPT Infraprojects Ltd GPTINFRA⚠ unverified₹302 Cr-3.5%Jun 2026
Sanghi Industries Ltd SANGHIIND⚠ unverified₹275 Cr6.2%Dec 2025
Full 20-quarter history · every available company

Revenue · reported quarter history

BirlaNu Ltd · BIRLANU⚠ unverified

₹767 Cr
₹863 Cr
₹1.0K Cr
₹723 Cr
₹784 Cr
₹852 Cr
₹1.1K Cr
₹774 Cr
₹805 Cr
₹929 Cr
₹1.1K Cr
₹810 Cr
₹858 Cr
₹1.0K Cr

GPT Infraprojects Ltd · GPTINFRA⚠ unverified

₹200 Cr
₹268 Cr
₹236 Cr
₹234 Cr
₹254 Cr
₹295 Cr
₹242 Cr
₹288 Cr
₹278 Cr
₹381 Cr
₹313 Cr
₹279 Cr
₹284 Cr
₹415 Cr
₹302 Cr

Indian Hume Pipe Company Ltd · INDIANHUME⚠ unverified

₹405 Cr
₹454 Cr
₹347 Cr
₹319 Cr
₹319 Cr
₹404 Cr
₹364 Cr
₹354 Cr
₹381 Cr
₹392 Cr
₹307 Cr
₹365 Cr
₹282 Cr
₹351 Cr

Ramco Industries Ltd · RAMCOIND

₹315 Cr
₹341 Cr
₹384 Cr
₹497 Cr
₹304 Cr
₹304 Cr
₹350 Cr
₹487 Cr
₹316 Cr
₹334 Cr
₹365 Cr
₹543 Cr
₹353 Cr
₹344 Cr
₹423 Cr
₹527 Cr
₹365 Cr
₹392 Cr
₹502 Cr

Sanghi Industries Ltd · SANGHIIND⚠ unverified

₹134 Cr
₹226 Cr
₹167 Cr
₹181 Cr
₹189 Cr
₹285 Cr
₹223 Cr
₹152 Cr
₹259 Cr
₹335 Cr
₹245 Cr
₹285 Cr
₹275 Cr

Visaka Industries Ltd · VISAKAIND⚠ unverified

₹357 Cr
₹452 Cr
₹448 Cr
₹339 Cr
₹344 Cr
₹396 Cr
₹458 Cr
₹308 Cr
₹351 Cr
₹426 Cr
₹506 Cr
₹325 Cr
₹368 Cr
₹480 Cr

Revenue growth · reported quarter history

BirlaNu Ltd · BIRLANU⚠ unverified

2.2%
-1.3%
9.0%
7.1%
2.7%
9.0%
-5.0%
4.7%
6.6%
8.7%

GPT Infraprojects Ltd · GPTINFRA⚠ unverified

27%
10%
2.5%
23%
9.5%
29%
29%
-3.1%
2.2%
8.9%
-3.5%

Indian Hume Pipe Company Ltd · INDIANHUME⚠ unverified

-21%
-11%
4.9%
11%
19%
-3.0%
-16%
3.1%
-26%
-10%

Ramco Industries Ltd · RAMCOIND

18%
-3.5%
-11%
-8.9%
-2.0%
4.0%
9.9%
4.3%
12%
12%
3.0%
16%
-3.0%
3.4%
14%
19%

Sanghi Industries Ltd · SANGHIIND⚠ unverified

41%
26%
34%
-16%
37%
18%
9.9%
88%
6.2%

Visaka Industries Ltd · VISAKAIND⚠ unverified

-3.5%
-12%
2.2%
-9.1%
2.0%
7.6%
10%
5.5%
4.8%
13%
07 · compare level, then change

Operating Economics & Margin Trend

GPT Infraprojects Ltd has the highest OPM among the 6 Cement Products companies compared here, at 16%. Ramco Industries Ltd is next at 13%. The same company also holds the highest Margin change, at +4 percentage points. 6 of 6 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: GPT Infraprojects Ltd leads both opm at 16% and margin change at +4 percentage points.

LeaderGPT Infraprojects Ltd · 16%
Gap23.1% versus #2 · Ramco Industries Ltd
Persistence4/8 recent comparable periods
Coverage6/6 companies · 114 observations

Investor read: GPT Infraprojects Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1GPT Infraprojects Ltd GPTINFRA⚠ unverified16%
3Indian Hume Pipe Company Ltd INDIANHUME⚠ unverified11%
4Visaka Industries Ltd VISAKAIND⚠ unverified11%
5Sanghi Industries Ltd SANGHIIND · older report⚠ unverified8.0%
Margin changefastest expanders
1GPT Infraprojects Ltd GPTINFRA⚠ unverified+4.0 pp
2Ramco Industries Ltd RAMCOIND+3.0 pp
3Visaka Industries Ltd VISAKAIND⚠ unverified+1.0 pp
4Indian Hume Pipe Company Ltd INDIANHUME⚠ unverified−3.0 pp
5BirlaNu Ltd BIRLANU⚠ unverified−3.2 pp
Operating margin · company comparison
6/6 level · 6/6 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
GPT Infraprojects Ltd GPTINFRA⚠ unverified16%+4.0 ppJun 2026
Ramco Industries Ltd RAMCOIND13%+3.0 ppMar 2026
Indian Hume Pipe Company Ltd INDIANHUME⚠ unverified11%−3.0 ppMar 2026
Visaka Industries Ltd VISAKAIND⚠ unverified11%+1.0 ppMar 2026
Sanghi Industries Ltd SANGHIIND⚠ unverified8.0%−4.0 ppDec 2025
BirlaNu Ltd BIRLANU⚠ unverified-0.8%−3.2 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

BirlaNu Ltd · BIRLANU⚠ unverified

8.2%
8.9%
9.8%
11%
1.5%
6.0%
4.3%
9.0%
0.4%
2.1%
2.0%
6.0%
-5.0%
-0.1%
2.4%
3.8%
-1.2%
-1.5%
-0.8%

GPT Infraprojects Ltd · GPTINFRA⚠ unverified

13%
13%
11%
12%
13%
11%
9.0%
11%
13%
12%
12%
13%
11%
12%
10%
12%
14%
14%
14%
16%

Indian Hume Pipe Company Ltd · INDIANHUME⚠ unverified

10%
9.2%
12%
8.1%
8.2%
9.0%
9.0%
8.0%
10%
12%
18%
16%
10%
10%
14%
11%
14%
8.0%
11%

Ramco Industries Ltd · RAMCOIND

18%
15%
9.1%
15%
10%
3.0%
10%
11%
9.0%
10%
11%
10%
12%
11%
10%
13%
14%
12%
13%

Sanghi Industries Ltd · SANGHIIND⚠ unverified

19%
15%
12%
5.6%
-0.9%
-13%
-6.0%
-58%
-15%
-12%
21%
-1.3%
2.0%
12%
11%
10%
9.0%
8.0%

Visaka Industries Ltd · VISAKAIND⚠ unverified

14%
12%
12%
13%
6.7%
7.2%
6.0%
8.0%
3.9%
4.1%
6.0%
9.0%
1.2%
3.2%
10%
10%
3.6%
7.0%
11%

Margin change · reported quarter history

BirlaNu Ltd · BIRLANU⚠ unverified

−4.9 pp
−3.7 pp
−3.4 pp
−5.2 pp
−6.7 pp
−2.9 pp
−5.5 pp
−2.3 pp
−1.1 pp
−3.9 pp
−2.3 pp
−3.0 pp
−5.4 pp
−2.2 pp
+0.4 pp
−2.2 pp
+3.8 pp
−1.4 pp
−3.2 pp

GPT Infraprojects Ltd · GPTINFRA⚠ unverified

−2.6 pp
−0.4 pp
−0.5 pp
−3.9 pp
+0.3 pp
−1.6 pp
−1.8 pp
−0.6 pp
−0.1 pp
+1.0 pp
+3.0 pp
+2.0 pp
−2.0 pp
0.0 pp
−2.0 pp
−1.0 pp
+3.0 pp
+2.0 pp
+4.0 pp
+4.0 pp

Indian Hume Pipe Company Ltd · INDIANHUME⚠ unverified

+0.3 pp
−0.4 pp
+0.8 pp
+0.2 pp
−1.9 pp
−0.2 pp
−2.6 pp
−0.1 pp
+1.8 pp
+3.0 pp
+9.0 pp
+8.0 pp
0.0 pp
−2.0 pp
−4.0 pp
−5.0 pp
+4.0 pp
−2.0 pp
−3.0 pp

Ramco Industries Ltd · RAMCOIND

+1.3 pp
−0.7 pp
−2.6 pp
−4.4 pp
−7.8 pp
−12.2 pp
+1.0 pp
−4.0 pp
−1.0 pp
+7.0 pp
+1.0 pp
−1.0 pp
+3.0 pp
+1.0 pp
−1.0 pp
+3.0 pp
+2.0 pp
+1.0 pp
+3.0 pp

Sanghi Industries Ltd · SANGHIIND⚠ unverified

−2.2 pp
−10.0 pp
−16.5 pp
−17.9 pp
−19.7 pp
−28.0 pp
−18.3 pp
−63.6 pp
−14.2 pp
+1.0 pp
+27.0 pp
+56.7 pp
+17.0 pp
+24.0 pp
−10.0 pp
+11.3 pp
+7.0 pp
−4.0 pp

Visaka Industries Ltd · VISAKAIND⚠ unverified

−3.7 pp
−3.3 pp
−2.5 pp
−5.3 pp
−7.5 pp
−4.5 pp
−6.4 pp
−5.3 pp
−2.8 pp
−3.1 pp
0.0 pp
+1.0 pp
−2.7 pp
−0.9 pp
+4.0 pp
+1.0 pp
+2.4 pp
+3.8 pp
+1.0 pp
08 · compare level, then change

Profit Scale & Acceleration

Ramco Industries Ltd has the highest Net profit among the 6 Cement Products companies compared here, at ₹307 crore. Indian Hume Pipe Company Ltd is next at ₹142 crore. Visaka Industries Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Ramco Industries Ltd leads with ₹307 crore of TTM profit, 116.2% above Indian Hume Pipe Company Ltd. Visaka Industries Ltd shows ≥100% on the scoring scale growth from a ₹85 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderRamco Industries Ltd · ₹307 crore
Gap116.2% versus #2 · Indian Hume Pipe Company Ltd
Persistence5/8 recent comparable periods
Coverage6/6 companies · 89 observations

Investor read: Ramco Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Ramco Industries Ltd RAMCOIND₹307 Cr
2Indian Hume Pipe Company Ltd INDIANHUME⚠ unverified₹142 Cr
3GPT Infraprojects Ltd GPTINFRA⚠ unverified₹95 Cr
4Visaka Industries Ltd VISAKAIND⚠ unverified₹85 Cr
5BirlaNu Ltd BIRLANU⚠ unverified₹-119 Cr
Profit growthfastest growers
1Visaka Industries Ltd VISAKAIND⚠ unverified100%
3GPT Infraprojects Ltd GPTINFRA⚠ unverified15%
4Indian Hume Pipe Company Ltd INDIANHUME⚠ unverified-75%
Net profit · company comparison
6/6 level · 4/6 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Ramco Industries Ltd RAMCOIND₹88 Cr144%Mar 2026
Visaka Industries Ltd VISAKAIND⚠ unverified₹40 Cr167%Mar 2026
GPT Infraprojects Ltd GPTINFRA⚠ unverified₹24 Cr-4.0%Jun 2026
Indian Hume Pipe Company Ltd INDIANHUME⚠ unverified₹23 Cr-95%Mar 2026
BirlaNu Ltd BIRLANU⚠ unverified₹-22 Cr-387%Mar 2026
Sanghi Industries Ltd SANGHIIND⚠ unverified₹-115 CrDec 2025
Full 20-quarter history · every available company

Net profit · reported quarter history

BirlaNu Ltd · BIRLANU⚠ unverified

₹13 Cr
₹5 Cr
₹58 Cr
₹-16 Cr
₹-7 Cr
₹0 Cr
₹13 Cr
₹15 Cr
₹-35 Cr
₹-25 Cr
₹-1 Cr
₹-43 Cr
₹-53 Cr
₹-22 Cr

GPT Infraprojects Ltd · GPTINFRA⚠ unverified

₹7 Cr
₹10 Cr
₹12 Cr
₹14 Cr
₹15 Cr
₹15 Cr
₹16 Cr
₹15 Cr
₹21 Cr
₹22 Cr
₹25 Cr
₹21 Cr
₹20 Cr
₹30 Cr
₹24 Cr

Indian Hume Pipe Company Ltd · INDIANHUME⚠ unverified

₹13 Cr
₹16 Cr
₹9 Cr
₹10 Cr
₹15 Cr
₹44 Cr
₹31 Cr
₹13 Cr
₹14 Cr
₹499 Cr
₹22 Cr
₹35 Cr
₹62 Cr
₹23 Cr

Ramco Industries Ltd · RAMCOIND

₹144 Cr
₹37 Cr
₹46 Cr
₹61 Cr
₹3 Cr
₹1 Cr
₹58 Cr
₹40 Cr
₹-4 Cr
₹26 Cr
₹44 Cr
₹39 Cr
₹17 Cr
₹89 Cr
₹36 Cr
₹66 Cr
₹41 Cr
₹112 Cr
₹88 Cr

Sanghi Industries Ltd · SANGHIIND⚠ unverified

₹-144 Cr
₹-105 Cr
₹-189 Cr
₹-39 Cr
₹-202 Cr
₹-19 Cr
₹-89 Cr
₹-196 Cr
₹-97 Cr
₹-117 Cr
₹-75 Cr
₹-117 Cr
₹-115 Cr

Visaka Industries Ltd · VISAKAIND⚠ unverified

₹3 Cr
₹4 Cr
₹12 Cr
₹-5 Cr
₹-7 Cr
₹1 Cr
₹10 Cr
₹-17 Cr
₹-11 Cr
₹15 Cr
₹52 Cr
₹-9 Cr
₹2 Cr
₹40 Cr

Profit growth · reported quarter history

BirlaNu Ltd · BIRLANU⚠ unverified

-154%
-100%
-78%
-108%
-387%

GPT Infraprojects Ltd · GPTINFRA⚠ unverified

114%
50%
33%
7.1%
40%
47%
56%
40%
-4.8%
36%
-4.0%

Indian Hume Pipe Company Ltd · INDIANHUME⚠ unverified

15%
175%
244%
30%
-6.7%
1,034%
-29%
169%
343%
-95%

Ramco Industries Ltd · RAMCOIND

-20%
-98%
-97%
26%
-34%
-233%
2,500%
-24%
-2.5%
242%
-18%
69%
141%
26%
144%

Visaka Industries Ltd · VISAKAIND⚠ unverified

-309%
-75%
-17%
1,400%
420%
167%
09 · compare level, then change

Return On Capital Employed

GPT Infraprojects Ltd has the highest ROCE among the 6 Cement Products companies compared here, at 21.4%. Indian Hume Pipe Company Ltd is next at 9.5%. Visaka Industries Ltd has the highest ROCE change at +4.2 percentage points, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: GPT Infraprojects Ltd leads ROCE at 21.4%, 11.9 percentage points above Indian Hume Pipe Company Ltd. Visaka Industries Ltd has the strongest latest improvement at +4.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderGPT Infraprojects Ltd · 21.4%
Gap125% versus #2 · Indian Hume Pipe Company Ltd
Persistence2/8 recent comparable periods
Coverage6/6 companies · 89 observations

Investor read: GPT Infraprojects Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1GPT Infraprojects Ltd GPTINFRA⚠ unverified21%
2Indian Hume Pipe Company Ltd INDIANHUME⚠ unverified9.5%
3Visaka Industries Ltd VISAKAIND⚠ unverified6.8%
4Ramco Industries Ltd RAMCOIND4.6%
5Sanghi Industries Ltd SANGHIIND · older report⚠ unverified-3.9%
ROCE changefastest improvers
1Visaka Industries Ltd VISAKAIND⚠ unverified+4.2 pp
2Ramco Industries Ltd RAMCOIND+0.9 pp
3GPT Infraprojects Ltd GPTINFRA⚠ unverified−1.3 pp
4Sanghi Industries Ltd SANGHIIND · older report⚠ unverified−1.3 pp
5BirlaNu Ltd BIRLANU⚠ unverified−2.2 pp
Return on capital · company comparison
6/6 level · 6/6 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
GPT Infraprojects Ltd GPTINFRA⚠ unverified19%−1.3 ppJun 2026
Indian Hume Pipe Company Ltd INDIANHUME⚠ unverified8.0%−3.9 ppMar 2026
Visaka Industries Ltd VISAKAIND⚠ unverified7.9%+4.2 ppMar 2026
Ramco Industries Ltd RAMCOIND4.3%+0.9 ppMar 2026
Sanghi Industries Ltd SANGHIIND⚠ unverified-6.2%−1.3 ppDec 2025
BirlaNu Ltd BIRLANU⚠ unverified-6.2%−2.2 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

BirlaNu Ltd · BIRLANU⚠ unverified

23%
19%
13%
7.5%
4.4%
5.6%
1.3%
1.5%
-2.7%
1.4%
-4.0%
0.4%
-4.1%
-3.0%
-6.2%

GPT Infraprojects Ltd · GPTINFRA⚠ unverified

20%
19%
20%
20%
24%
28%
30%
32%
20%
27%
21%
29%
22%
25%
19%

Indian Hume Pipe Company Ltd · INDIANHUME⚠ unverified

17%
18%
17%
16%
15%
17%
18%
23%
20%
22%
12%
60%
11%
65%
8.0%

Ramco Industries Ltd · RAMCOIND

5.4%
5.6%
4.6%
3.4%
2.7%
3.3%
3.0%
3.4%
3.3%
3.7%
3.4%
4.0%
3.8%
4.4%
4.3%

Sanghi Industries Ltd · SANGHIIND⚠ unverified

7.1%
4.2%
0.8%
-3.6%
-8.2%
-7.6%
-5.4%
-2.9%
-2.3%
-4.9%
-4.2%
-6.6%
-6.6%
-6.2%

Visaka Industries Ltd · VISAKAIND⚠ unverified

22%
20%
15%
9.3%
4.8%
4.4%
3.0%
4.1%
1.8%
2.3%
3.7%
9.5%
5.7%
12%
7.9%

ROCE change · reported quarter history

BirlaNu Ltd · BIRLANU⚠ unverified

−9.3 pp
−11.5 pp
−9.0 pp
−6.2 pp
−7.1 pp
−4.2 pp
−5.3 pp
−1.1 pp
−1.4 pp
−4.4 pp
−2.2 pp

GPT Infraprojects Ltd · GPTINFRA⚠ unverified

+0.5 pp
+1.5 pp
+4.2 pp
+9.5 pp
−4.1 pp
−1.6 pp
−8.8 pp
−3.7 pp
+2.0 pp
−1.1 pp
−1.3 pp

Indian Hume Pipe Company Ltd · INDIANHUME⚠ unverified

−0.4 pp
−2.4 pp
−2.1 pp
+1.8 pp
+5.7 pp
+5.3 pp
−5.7 pp
+36.8 pp
−9.4 pp
+43.2 pp
−3.9 pp

Ramco Industries Ltd · RAMCOIND

−0.8 pp
−2.2 pp
−1.9 pp
−0.4 pp
+0.6 pp
+0.4 pp
+0.4 pp
+0.6 pp
+0.5 pp
+0.7 pp
+0.9 pp

Sanghi Industries Ltd · SANGHIIND⚠ unverified

−6.3 pp
−7.8 pp
−9.0 pp
−1.8 pp
+5.9 pp
+2.7 pp
+1.2 pp
−3.7 pp
−4.3 pp
−1.3 pp

Visaka Industries Ltd · VISAKAIND⚠ unverified

−6.8 pp
−11.1 pp
−10.0 pp
−6.3 pp
−3.0 pp
−2.1 pp
+0.7 pp
+5.4 pp
+3.9 pp
+9.5 pp
+4.2 pp
10 · compare level, then change

Valuation Against Growth & Quality

Ramco Industries Ltd has the lowest PEG among the 6 Cement Products companies compared here, at 0.24×. The same company also holds the lowest P/E, at 9.59×. 1 of 6 companies report a comparable reading, the latest through Mar 2026. Its PEG series carries 4 reported observations across the 20-quarter window.

What the numbers say: Ramco Industries Ltd has the lowest comparable PEG at 0.24×. Only 1 of 6 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderRamco Industries Ltd · 0.24×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/6 companies · 4 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
P/Elowest P/E
2GPT Infraprojects Ltd GPTINFRA⚠ unverified15.2
3Indian Hume Pipe Company Ltd INDIANHUME⚠ unverified34.1
4Visaka Industries Ltd VISAKAIND⚠ unverified55.8
Valuation · company comparison
1/6 level · 4/6 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Ramco Industries Ltd RAMCOIND0.28.2Mar 2026
Indian Hume Pipe Company Ltd INDIANHUME⚠ unverified15.0Mar 2026
GPT Infraprojects Ltd GPTINFRA⚠ unverified17.1Jun 2026
Sanghi Industries Ltd SANGHIIND⚠ unverified25.2Dec 2025
BirlaNu Ltd BIRLANU⚠ unverified66.9Mar 2026
Visaka Industries Ltd VISAKAIND⚠ unverified15.6Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Ramco Industries Ltd · RAMCOIND

0.6
0.3
0.5
0.2

P/E · reported quarter history

BirlaNu Ltd · BIRLANU⚠ unverified

12.6
14.0
13.0
12.0
10.8
11.8
12.6
24.0
41.2
71.7
74.2
-207.3
66.9

GPT Infraprojects Ltd · GPTINFRA⚠ unverified

10.7
11.2
10.1
9.9
14.7
10.5
8.1
11.7
15.2
21.4
17.4
27.4
29.9
25.5
20.1
19.8
16.9
15.3
14.2
17.1

Indian Hume Pipe Company Ltd · INDIANHUME⚠ unverified

18.1
14.4
11.7
11.9
10.5
12.1
9.9
19.1
27.3
25.6
26.1
27.5
25.9
18.8
18.8
23.8
22.6
20.5
15.0

Ramco Industries Ltd · RAMCOIND

8.7
6.1
5.7
5.0
5.7
9.4
9.7
11.8
15.7
20.2
14.8
20.4
20.6
18.6
10.4
13.4
15.0
11.9
8.2

Sanghi Industries Ltd · SANGHIIND⚠ unverified

18.4
14.8
18.4
21.8
25.2

Visaka Industries Ltd · VISAKAIND⚠ unverified

9.8
8.7
8.4
6.9
8.4
7.4
7.3
13.6
27.1
44.5
89.2
-887.8
-163.8
20.6
70.7
35.4
15.6
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Cement Products comparison names 7 specific ways its own evidence can mislead, all listed below. 1 of the 6 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 5 draw at least one figure from a second feed with too little overlap to cross-check.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
  • 5 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • Thin comparisons: Valuation have fewer than three usable current readings.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 6 Cement Products companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing1 cross-checked · 5 unverified · 0 withheld, of 6 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Cement Products company comparison FAQs

These 23 answers restate the Cement Products comparison above in question form. Every one is computed from the same 6 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Cement Products sector outperforming NIFTY 500?

Cement Products has underperformed NIFTY 500 by 9.1% over 52 weeks and 12.8% over 13 weeks. 4 of 6 covered companies beat NIFTY on Mansfield relative strength, while 4 of 6 beat the sector itself.

Which Cement Products company is largest by revenue?

BirlaNu Ltd leads with revenue of ₹3,730 crore, based on 6 of 6 comparable companies through Mar 2026.

Which Cement Products company is growing fastest?

Sanghi Industries Ltd has the fastest current revenue growth at 24.1%, across 6 of 6 comparable companies.

Which Cement Products company has the strongest 4-Factor Sector Score?

Ramco Industries Ltd ranks first at 66.9/100 with 86.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Cement Products company has the lowest comparable PEG?

Ramco Industries Ltd has the lowest comparable PEG at 0.24, among 1 of 6 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Cement Products comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Cement Products index?

The Nifty Cement Products index tracks India's listed Cement Products companies as a single basket. This page follows the same 6 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Cement Products sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Cement Products stocks in India?

Ranked by this page's four-factor score, Ramco Industries Ltd places first among 6 listed Cement Products companies, followed by GPT Infraprojects Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Cement Products stocks are listed in India?

This comparison covers 6 listed Cement Products companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Cement Products company is the biggest?

BirlaNu Ltd is the largest, with trailing-twelve-month revenue of ₹3,730 crore, ahead of Ramco Industries Ltd at ₹1,786 crore. That covers 6 of 6 companies with comparable reporting through Mar 2026.

Which Cement Products company has the best profit margins?

GPT Infraprojects Ltd has the highest operating margin at 16%, from 6 of 6 comparable companies. GPT Infraprojects Ltd shows the biggest recent improvement, at +4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Cement Products company makes the most profit?

Ramco Industries Ltd earns the most, at ₹307 crore of trailing-twelve-month net profit, from 6 of 6 comparable companies. Visaka Industries Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Cement Products company earns the highest return on capital?

GPT Infraprojects Ltd leads on return on capital employed at 21.4%, across 6 of 6 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Cement Products stock is the cheapest?

On PEG — where a LOWER number is cheaper — Ramco Industries Ltd screens cheapest at 0.24×. Only 1 of 6 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Cement Products sector beating the market?

Cement Products has underperformed NIFTY 500 by 9.1% over the last 52 weeks and 12.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 of 6 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Cement Products stock has the strongest price momentum?

Visaka Industries Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Cement Products company scores highest for research priority?

Ramco Industries Ltd scores 66.9 out of 100 with 86.6% evidence confidence, from 26 points on growth and earnings, 12.8 on capital efficiency, 15.6 on valuation and 12.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Cement Products companies does this comparison cover, and over what period?

It compares 6 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Cement Products sector?

The 6 Cement Products companies on this page carry ₹9,425 crore of combined market value. Ramco Industries Ltd is the largest at ₹2,835 crore, about 30% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

How is the Cement Products sector performing?

4 of the 6 covered Cement Products companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 9.1% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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