9 months ago
4 Stocks to Benefit from Cement Industry Growth
The cement industry in India is growing because of more infrastructure projects and housing construction.
This means cement plants are working harder and need more maintenance.
Four companies that supply parts and services for these plants are doing well.
AIA Engineering makes parts for grinding and crushing.
Elecon Engineering makes gears and material handling systems.
RHI Magnesita makes special materials for kilns.
ISGEC Heavy Engineering does plant upgrades and efficiency work.
Their stocks are linked to the cement industry's growth, but investors should be careful because the market can be unpredictable.
The article gives details about their recent performance and what might happen in the future.
India's cement production rose 14.5% year-on-year in November, driven by infrastructure and housing demand.
Cement plants require increased maintenance and upgrades, benefiting companies supplying grinding media, refractories, gears, and engineering solutions.
AIA Engineering reported stable Q2 FY26 results with revenue of Rs 1,029 crore and a net profit of Rs 277 crore.
Elecon Engineering saw a 13.8% revenue increase in Q2 FY26, with strong demand from power, cement, and steel projects.
RHI Magnesita India achieved its highest quarterly revenue of Rs 1,035 crore in Q2 FY26, despite margin pressures.
ISGEC Heavy Engineering reported a 3% revenue increase in Q2 FY26, with a strong order book of Rs 8,789 crore as of September 2025.
- Who
- Four companies: AIA Engineering, Elecon Engineering Company, RHI Magnesita India, and ISGEC Heavy Engineering
- What
- These companies supply essential components and services for cement plant maintenance and upgrades
- Where
- The companies operate in India and internationally, with a focus on the cement industry
- When
- The article discusses their performance in the September quarter (Q2 FY26) and future prospects
- Why
- The cement industry is experiencing steady demand, leading to increased maintenance and upgrade spending
Key facts
- AIA Engineering Revenue (Q2 FY26)
- Rs 1,029 crore
- AIA Engineering Net Profit (Q2 FY26)
- Rs 277 crore
- Elecon Engineering Revenue (Q2 FY26)
- Rs 578 crore
- Elecon Engineering Net Profit (Q2 FY26)
- Rs 88 crore
- RHI Magnesita India Revenue (Q2 FY26)
- Rs 1,035 crore
- RHI Magnesita India Profit After Tax (Q2 FY26)
- Rs 38 crore
- ISGEC Heavy Engineering Revenue (Q2 FY26)
- Rs 1,725 crore
- ISGEC Heavy Engineering Profit After Tax (Q2 FY26)
- Rs 56 crore
- ISGEC Heavy Engineering Order Book (as of 30 September 2025)
- Rs 8,789 crore
- ISGEC Heavy Engineering Export Orders
- Rs 1,644 crore
Sources
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