Description
NSE disseminates the Nifty Cement Index factsheet tracking performance of cement and cement products stocks from the Nifty Total Market, with 16 constituents and semi-annual rebalancing.
Summary
NSE Indices Limited has disseminated the factsheet for the Nifty Cement Index as part of its Capital Market Segment index publications. The index tracks stocks from the Nifty Total Market belonging to the ‘Cement & Cement Products’ industry, with a maximum of 20 stocks selected based on 6-month average free-float market capitalization. The index was launched on February 16, 2026, with a base date of April 1, 2005 and base value of 1000.
Key Points
- Index selects up to 20 stocks from the Nifty Total Market in the cement & cement products industry; currently has 16 constituents
- Methodology: Periodic Capped Free-Float, with individual stock weight capped at 15%
- F&O-eligible stocks are prioritized in selection; non-F&O stocks fill remaining slots
- Calculation frequency: End of Day; rebalancing: Semi-Annually
- Index variant available: Nifty Cement Total Returns Index
- Suitable for benchmarking fund portfolios, launching index funds, ETFs, and structured products
Index Performance (as of April 30, 2026)
| Period | Price Return (%) | Total Return (%) |
|---|---|---|
| QTD | 7.73 | 7.73 |
| YTD | -8.79 | -8.79 |
| 1 Year | -7.76 | -7.39 |
| 5 Years (CAGR) | 7.28 | 7.84 |
| Since Inception (CAGR) | 13.64 | 14.76 |
Index Statistics
- Std. Deviation (1Y / 5Y / Since Inception): 18.38 / 20.03 / 25.88
- Beta vs NIFTY 50 (1Y / 5Y / Since Inception): 1.11 / 1.02 / 0.97
- Correlation with NIFTY 50 (1Y / 5Y / Since Inception): 0.81 / 0.70 / 0.78
- P/E: 28.64 | P/B: 2.32 | Dividend Yield: 0.46%
Top Constituents by Weightage
| Company | Weight (%) |
|---|---|
| Grasim Industries Ltd. | 15.42 |
| UltraTech Cement Ltd. | 15.14 |
| Shree Cement Ltd. | 14.59 |
| Ambuja Cements Ltd. | 14.18 |
| J.K. Cement Ltd. | 11.58 |
| Dalmia Bharat Ltd. | 7.95 |
| The Ramco Cements Ltd. | 6.19 |
| ACC Ltd. | 4.46 |
| JK Lakshmi Cement Ltd. | 2.26 |
| JSW Cement Ltd. | 1.62 |
Regulatory Changes
No regulatory changes. This is an informational dissemination of the Nifty Cement Index factsheet.
Compliance Requirements
No specific compliance action required. Fund managers and ETF providers wishing to use this index for benchmarking or product launches should refer to NSE Indices Limited for licensing and usage guidelines.
Important Dates
- Index Launch Date: February 16, 2026
- Base Date: April 1, 2005
- Factsheet Date: April 30, 2026
- Next Rebalancing: Semi-annual (schedule per NSE Indices Limited calendar)
Impact Assessment
The Nifty Cement Index provides a dedicated benchmark for the Indian cement sector. With the index currently showing negative 1-year returns (-7.76% price return), it reflects near-term headwinds in the cement sector. The top 5 constituents (Grasim, UltraTech, Shree Cement, Ambuja, J.K. Cement) account for over 70% of the index weight, indicating concentration risk. The index’s beta above 1.0 over 1 year suggests higher volatility relative to the broader Nifty 50, relevant for risk-aware fund construction. This dissemination enables product creation (ETFs, index funds) tracking the cement sector.
Impact Justification
Informational factsheet for a sector index; relevant for fund managers benchmarking against cement sector but no immediate compliance or trading action required.