Did you know that India is the second-largest producer of cement globally? 🌍 With more than 8% of the world’s installed capacity, India’s cement industry plays a pivotal role in the nation’s infrastructure development.
In 2023, the market size hit a massive 3.96 billion tonnes and is projected to grow to 5.99 billion tonnes by 2032, marking a CAGR of 4.7% (2024-32).
Source: IBEF
🔍 𝐊𝐞𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐏𝐫𝐨𝐛𝐞𝟒𝟐 𝐃𝐚𝐭𝐚:
- Company Vintage: Majority of cement companies have been around for 20+ years, with 320+ new companies founded in the last 5 years.
- Geographic Distribution: Maharashtra leads the count with 270+ companies, closely followed by West Bengal at 175+
- Revenue Bracket: Most companies generate revenues under ₹1 crore, while 14% earn between ₹1 crore – ₹5 crore.
- Secured Borrowing: 41% of companies have no secured borrowings, while most borrowings range between ₹1 crore – ₹5 crore.
- Recent Borrowings: In 2023 and 2024, cement companies secured 1,200+ borrowings, with over 820 under ₹5 crore and 150+ exceeding ₹100 crore.
Explore the detailed insights below.
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