India’s cement industry is entering an exciting growth phase. With the government’s continued push for infrastructure development, affordable housing, and rural connectivity, cement demand is expected to rise steadily over the next few years. For investors looking at sector-based strategies, cement stocks offer a unique mix of cyclical growth, pricing power, and long-term value creation.
In this article, we’ll explore five top cement stocks that are catching investor attention in 2025, each with its own growth story, market positioning, and future potential.
1. UltraTech Cement Ltd
UltraTech Cement share price (June 2025): ₹12,445
UltraTech Cement is the largest cement manufacturer in India and among the top global players outside China, with a total production capacity of over 183.36 Mta. The company has a widespread presence across all key Indian markets, ensuring strong last-mile delivery reach. It is known for being an industry leader in sustainability, with significant investments in green cement, alternative fuels, and waste heat recovery systems.
UltraTech’s brand strength is another factor that investors and consumers recognize. Whether it’s large-scale infrastructure projects or individual home builders, the trust placed in UltraTech products runs deep across customer segments.
2. Ambuja Cements
Ambuja share price (June 2025): ₹591
Ambuja Cements, now a key part of the Adani Group, has emerged as one of the fastest-growing players in India’s cement industry. With its recent acquisition of Penna Cement, Ambuja’s total capacity has crossed 100 million tonnes per annum, giving it a stronger foothold in South India.
The company is targeting 140 MTPA capacity by 2028, making it one of the most ambitious growth stories in the sector.
Ambuja is widely recognized for its focus on sustainability, being India’s first water-positive cement company and a leader in green construction solutions like Ambuja Plus and Ambuja Kawach.
3. Shree Cement
Shree Cement share price (June 2025): ₹31,300
Shree Cement has built a reputation as one of the most energy-efficient cement producers in India. As of June 2025, the company’s total installed cement capacity stood at 56.4 million tonnes per annum (MTPA). It has a strong presence across North and East India and has been expanding into the South with new grinding units.
The company’s focus on renewable energy projects and waste heat recovery systems (WHRS) continues to lower production costs and carbon emissions. Shree Cement aims to grow its capacity to 80 MTPA by FY30, through both greenfield and brownfield projects.
4. JK Cement
JK Cement share price (June 2025): ₹6,297
JK Cement stands out as a fast-growing mid-cap company with a strong regional presence and ambitious expansion plans. As of now, JK Cement has an installed grey cement capacity of 24.34 million tonnes per annum (MnTPA), placing it among the leading cement manufacturers in the country. Alongside grey cement, JK Cement holds a dominant position in the white cement and wall putty segment.
Apart from capacity growth, JK Cement continues to invest in energy efficiency measures, alternative fuel usage, and digital transformation initiatives across its plants to improve margins and reduce carbon emissions.
5. Dalmia Bharat Ltd.
Dalmia Bharat share price (June 2025): ₹2,154
Dalmia Bharat is one of India’s major cement companies, known for its growing capacity and focus on eco-friendly production. It has established itself as India’s fourth-largest cement producer, achieving a total installed capacity of 49.5 MTPA in FY25. This milestone was driven by the commissioning of a 0.5 MTPA capacity expansion at its Rohtas plant in Bihar in March 2025, taking full advantage of its strong presence in Eastern India.
With its March 2025 capacity expansion, Dalmia Bharat has taken another step towards its ambitious goal of reaching 110–130 MTPA by 2031. But it’s not just about producing more cement; the company is also leading the way in using renewable energy, waste heat recovery, and alternative fuels, making it one of the lowest carbon emitters in the global cement industry.
Conclusion
The cement sector in India presents an exciting opportunity for both long-term and medium-term investors. As the country pushes ahead with large-scale infrastructure and housing projects, demand for cement is set to rise. However, before investing, it’s important to track factors like new capacity additions, regional pricing trends, input costs, and government spending on infrastructure.