Rub down the cement on the wall with a stiff-bristle wire brush. This will remove any loose pieces of cement from the wall and leave behind a sturdy surface that will allow the parge coat to adhere properly.
Pour one part lime, one part cement and six parts sand into the bucket of a wheelbarrow. Position the wheelbarrow next to the cement wall.
Stir the materials in the wheelbarrow thoroughly with a garden hoe.
Add water to the lime, sand and cement in small batches. Between the small batches of water, stir the materials with a shovel. Stop adding water once the material has a peanut-butter-like consistency.
Lift the material onto a steel trowel and spread it over the wall in a 1/4-inch thickness from bottom to top. Sweeping motions with the trowel will give a less textured look to the wall, while short strokes will give more texture. The coating will dry within 24 hours.