India Cements (LUX:INC05) Debt-to-Equity: N/A (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LUX:INC05 India Cements Ltd LUX:INC05
61 GF Score
Price $7.10
GF Value $4.67
! 4 Warning Signs
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What is India Cements Debt-to-Equity?

India Cements's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $0.0 Mil. India Cements's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $0.0 Mil. India Cements's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $0.0 Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for India Cements's Debt-to-Equity or its related term are showing as below:

LUX:INC05' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11   Med: 0.51   Max: 0.66
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of India Cements was 0.66. The lowest was 0.11. And the median was 0.51.

LUX:INC05's Debt-to-Equity is ranked better than
72.8% of 375 companies
in the Building Materials industry
Industry Median: 0.35 vs LUX:INC05: 0.13

India Cements  (LUX:INC05) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


India Cements Debt-to-Equity Related Terms


India Cements Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for India Cements's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

India Cements Debt-to-Equity Chart

India Cements Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.51 0.47 0.11 0.13

India Cements Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 0.13 N/A 0.13 N/A

LUX:INC05 vs CRH, VMC, MLM: Debt-to-Equity Comparison

For the Building Materials subindustry, India Cements's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


India Cements Debt-to-Equity vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, India Cements's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where India Cements's Debt-to-Equity falls into.


LUX:INC05
61GF Score
India Cements Ltd LUX:INC05
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

India Cements Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

India Cements's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

India Cements's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is India Cements (LUX:INC05) Overvalued in 2026?

Based on GuruFocus' analysis, India Cements stock appears to be overvalued. The current stock price of $7.10 is trading 52% above its estimated GF Value™ of $4.67.

Key valuation signals for LUX:INC05:

  • Debt-to-Equity: N/A
  • GF Value™: $4.67 vs. price of $7.10 (52% above fair value)
  • GF Score™: 61/100 with 4 warning signs

No single metric tells the full story. See the LUX:INC05 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


India Cements Business Description

Other Exchanges INDIACEM:India530005:India
Address 93, Santhome High Road, Karpagam Avenue, Coromandel Towers, R.A. Puram, Chennai, TN, IND, 600 028
India Cements Ltd is a cement manufacturing company. It is engaged in the manufacturing and sale of cement and cement-related products. Its brands include: Conkrete Super King; Coromandel King; Sankar Super Power; Raasi Gold; Halo Super King and others.
61GF Score

Get the complete analysis for LUX:INC05

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.10
Price
$4.67
GF Value