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Informist, Friday, Mar. 6, 2026

 

MUMBAI – Shares of cement companies are seen in a range next week amid the hostilities between the US and Iran. While the hostilities may not immediately affect the business of cement companies, analysts worry it may push up petcoke and fuel prices, increasing costs for the companies.

 

The geopolitical crisis in West Asia has already resulted in a surge in spot petcoke prices, Emkay Global Financial Services said in a report Wednesday. "We believe cement companies may not see an immediate impact on margins (owing to 30-45 days of fuel inventory and availability of domestic fuel sources). However, elevated fuel prices can dilute operating-leverage benefits, particularly in Q1FY27E (Apr-Jun)," the brokerage said.

 

Cement companies had raised prices in February and analysts were hoping, before the US and Israel attacked Iran Saturday, that demand would continue to improve. However, the military conflict has raised the possibility of demand being hit if the shooting continues for long.

 

While cement prices have risen recently with demand improving after the monsoon season ended, the increase is not significant, some analysts said. "...elevated competitive intensity clipped pricing by another 2–3% QoQ in Q3FY26 (Oct-Dec). Further, a buoyant 'busy season' in Q4FY26 (Jan-Mar) has been able to yield only a meek recovery (up about 1% QoQ so far)--likely heralding persistent pricing pressure ahead," ICICI Securities said in a report Friday.

 

ICICI Securities argued the Street's expectations of better margins in the next two financial years may not be met. "Pricing power remains a pipe dream; the fierce turf war of Q3–Q4FY26--despite healthy demand--fragments the 'consolidation benefit' hypothesis, especially as a mammoth 186mtpa (million tonnes per annum) supply wave leaves margins on thin ice," the brokerage said.

 

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* JSW Cement declared preferred bidder for limestone mine lease in Assam
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Following are the resistance and support levels for key cement stocks for next week as per calculations based on their prices on the National Stock Exchange:

 

Company	Price	Week-on-week  change in %	Resistance	Support
ACC	1,501.20	(-)5.70	1,547.70	1,475.70
Ambuja Cements	466.75	(-)6.70	487.70	452.90
Andhra Cements	54.00	(-)2.80	56.10	50.90
Grasim Industries	2,718.40	(-)2.90	2,793.90	2,649.50
JK Cement	5,426.50	(-)4.10	5,614.80	5,311.80
JK Lakshmi Cement	637.60	(-)10.70	658.70	625.70
Sagar Cements	186.00	(-)3.60	190.20	181.50
Shree Cement	24,875.00	(-)4.60	25,441.70	24,541.70
UltraTech Cement	11,987.00	(-)5.40	12,307.70	11,787.70
India Cements	382.00	(-)5.90	400.70	370.70
Index	Levels
Nifty 50	24450.45	(-)2.90	24807.50	24237.20
BSE Sensex	78918.90	(-)2.90	80102.20	78220.50

 

End

 

Reported by Anshul Choudhary

Edited by Rajeev Pai

 

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