Cement & Cement Products
Valuation | |
|---|---|
| Market Cap | 44.22 kCr |
| Price/Earnings (Trailing) | 43.36 |
| Price/Sales (Trailing) | 3.25 |
| EV/EBITDA | 19.39 |
| Price/Free Cashflow | 230.48 |
| MarketCap/EBT | 28.8 |
| Enterprise Value | 50.57 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 3.6% |
| Price Change 1M | -4.2% |
| Price Change 6M | -18.8% |
| Price Change 1Y | 16.8% |
| 3Y Cumulative Return | 29.5% |
| 5Y Cumulative Return | 20.7% |
| 7Y Cumulative Return | 35.2% |
| 10Y Cumulative Return | 28.8% |
| Revenue (TTM) |
| 13.62 kCr |
| Rev. Growth (Yr) | 18% |
| Earnings (TTM) | 1.02 kCr |
| Earnings Growth (Yr) | -8.6% |
Profitability | |
|---|---|
| Operating Margin | 12% |
| EBT Margin | 11% |
| Return on Equity | 15.58% |
| Return on Assets | 5.69% |
| Free Cashflow Yield | 0.43% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -1.91 kCr |
| Cash Flow from Operations (TTM) | 1.94 kCr |
| Cash Flow from Financing (TTM) | 73.83 Cr |
| Cash & Equivalents | 29.16 Cr |
| Free Cash Flow (TTM) | 219.59 Cr |
| Free Cash Flow/Share (TTM) | 28.42 |
Balance Sheet | |
|---|---|
| Total Assets | 17.89 kCr |
| Total Liabilities | 11.35 kCr |
| Shareholder Equity | 6.54 kCr |
| Current Assets | 5.37 kCr |
| Current Liabilities | 4.33 kCr |
| Net PPE | 9.04 kCr |
| Inventory | 1.52 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.36 |
| Debt/Equity | 0.98 |
| Interest Coverage | 2.49 |
| Interest/Cashflow Ops | 5.24 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 15 |
| Dividend Yield | 0.27% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Size: Market Cap wise it is among the top 20% companies of india.
Balance Sheet: Reasonably good balance sheet.
Growth: Good revenue growth. With 45.1% growth over past three years, the company is going strong.
Past Returns: Outperforming stock! In past three years, the stock has provided 29.5% return compared to 13.2% by NIFTY 50.
Smart Money: Smart money has been increasing their position in the stock.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
No major cons observed.
Size: Market Cap wise it is among the top 20% companies of india.
Balance Sheet: Reasonably good balance sheet.
Growth: Good revenue growth. With 45.1% growth over past three years, the company is going strong.
Past Returns: Outperforming stock! In past three years, the stock has provided 29.5% return compared to 13.2% by NIFTY 50.
Smart Money: Smart money has been increasing their position in the stock.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.27% |
| Dividend/Share (TTM) | 15 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 132 |
Financial Health | |
|---|---|
| Current Ratio | 1.24 |
| Debt/Equity | 0.98 |
Technical Indicators | |
|---|---|
| RSI (14d) | 43.3 |
| RSI (5d) | 83.42 |
| RSI (21d) | 44.04 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Updated May 4, 2025
Despite the positive outlook, J.K. Cement's foreign institutional investor (FII) holding has decreased to 16.12%.
The stock is trading at a TTM P/E ratio of 49.31, which is significantly higher than the sector average of 28.68.
Currently, J.K. Cement's share price is down 0.33% from its last closing price.
Summary of J.K. CEMENT's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management provided an optimistic outlook for JK Cement, projecting strong operational performance driven by ongoing and planned expansions. Key points discussed include:
Sales Performance: Standalone net sales increased by 14% quarter-on-quarter, reaching INR 3,132 crores compared to INR 2,754 crores in the previous quarter, and up 19% year-on-year from INR 2,630 crores.
EBITDA Growth: For Q3, EBITDA was reported at INR 536 crores, a 22% increase over the previous quarter and a 10% increase year-on-year. For the nine-month period, EBITDA reached INR 1,648 crores, up 34% compared to INR 1,232 crores last year.
Consolidated Net Sales: For the same quarter, consolidated net sales stood at INR 3,383 crores, showing a 15% increase sequentially and 20% year-on-year. The nine-month consolidated sales were INR 9,565 crores, up 19% from INR 8,028 crores.
Profit Before Tax: Profit before tax increased to INR 276 crores in Q3 compared to INR 261 crores in the previous quarter, although slightly lower than INR 290 crores in Q3 last year. For the nine months, profit before tax was INR 1,034 crores, reflecting a 62% increase.
Expansion Plans: The company is advancing with a brownfield expansion in Central India and expects to commission a new grinding facility in Buxar by the end of February 2026. The greenfield project in Jaisalmer is also underway, with a target completion by September 2027.
Volume Projections: For FY 2026, volume is expected to reach 20 million tonnes, with growth rates anticipated to be in the range of 12%-15% for FY 2027 and FY 2028.
Debt Outlook: Management expects net debt to rise to approximately INR 2,000 crores but remains focused on maintaining good balance sheet health.
Cost Management: The company has leveraged lower local coal prices and alternative fuels to manage costs effectively, boosting their overall margins.
All these elements underlie management's confidence that JK Cement is well-positioned for sustained growth in the upcoming years.
Understand J.K. CEMENT ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Yadu International Pvt Limited | 40.19% |
| KAVITA YADUPATI SINGHANIA | 5.01% |
| KOTAK SMALL CAP FUND | 4.6% |
| Sushila Devi Singhania | 4.32% |
| ABHISHEK SINGHANIA | 3.3% |
| FIDELITY ADVISOR SERIES VIII : FIDELITY ADVISOR FOCUSED EMERGING MARKETS FUND | 2.22% |
| CANARA ROBECO MUTUAL FUND A/C GAD1 |
Detailed comparison of J.K. CEMENT against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| ULTRACEMCO | UltraTech Cement | 3.75 LCr | 86.37 kCr | +4.40% | +10.80% | 48.82 | 4.34 | - | - |
| AMBUJACEM | Ambuja Cements | 1.31 LCr |
Comprehensive comparison against sector averages
JKCEMENT metrics compared to Cement
| Category | JKCEMENT | Cement |
|---|---|---|
| PE | 43.36 | 33.67 |
| PS | 3.25 | 2.34 |
| Growth | 17.6 % | 12.5 % |
J.K. CEMENT is a prominent company in the Cement & Cement Products sector, operating under the stock ticker JKCEMENT.
With a market capitalization of Rs. 39,596.9 Crores, J.K. Cement Limited specializes in the manufacturing and sale of cement and related products, both in India and internationally.
The company produces a variety of grey cement products, including:
In addition, J.K. Cement offers:
Founded in 1975, J.K. Cement is headquartered in Kanpur, India. Over the trailing 12 months, the company has reported a revenue of Rs. 11,576.5 Crores, alongside a dividend yield of 0.79% per year, having distributed Rs. 35 dividend per share in the last 12 months.
J.K. Cement has also demonstrated significant growth, recording a 46.4% revenue increase over the past three years, highlighting its strong performance within the industry.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
JKCEMENT vs Cement (2021 - 2026)
J.K. Cement has gained 11.26% this year, showcasing a strong performance in the market.
General • 04 Feb 2026 Intimation of investor meet at Nuvama India Conference in Mumbai on february 10 and february 11, 2026. |
General • 04 Feb 2026 Intimation of Investor meet at Nuvama India Conference on february 10 and february 11, 2026 |
General • 29 Jan 2026 Commissioned 3.00 MnTPA Cement Grinding Unit at JK Cement Works, Buxur in Bihar |
Analyst / Investor Meet • 22 Jan 2026 Intimation of Analyst / Institutional Investor Meetings |
Earnings Call Transcript • 20 Jan 2026 Transcript of Earning Call on unaudited financial results of the company for nine months and third quarter ended December 31, 2025 |
Analyst / Investor Meet • 19 Jan 2026 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
1. Question: "Just on incentives booked, could you give that number for Q3?" Answer: "The Q3 number of incentives is lower due to the GST rate cut, around INR 25 crores. Last quarter's figure was INR 86 crores, and this quarter it is INR 60 crores. We don't expect this to increase soon; with Buxar starting, we'll be taking project GST credit, keeping the run rate at INR 60 crores this quarter."
2. Question: "What sort of growth are we targeting for 2027 and 2028 from a volume perspective?" Answer: "We expect double-digit growth but not mid-teens, likely around 12% to 15%. By 2026, we're looking at 20 million tonnes, with projections for 2027 at 22.5 million to 23 million tonnes, and 25.5 million tonnes thereafter."
3. Question: "What incentives do we expect for next year?" Answer: "We anticipate a decrease in incentives per tonne due to the increased volume. However, with new units getting eligibility, we expect the annual amount to rise again to around INR 300 crores, potentially reaching an exit run rate of INR 75 crores quarterly by FY 2027."
4. Question: "What is the current CC ratio, and do we see any risk of clinker shortages for H2 FY 2027?" Answer: "Our CC ratio is 67%, and we do not foresee any clinker shortages; we have complete clinker backup for our cement capacity, ensuring stability in production."
5. Question: "How are you seeing demand trends over the next two quarters to three quarters across key regions?" Answer: "Currently, we see good demand, with the March quarter anticipated to be one of our best. Overall, we expect a year-on-year growth resulting in an industry growth of about 7% - 8%, leading to a positive outlook for volumes."
6. Question: "What improvement have we seen in January pricing?" Answer: "We have observed a recovery of about INR 15 to INR 20 in non-trade pricing. While trade pricing hasn't seen a clear increase, removing pressure on discounts suggests potential for future increases based on demand dynamics."
7. Question: "What is the clinker production number for the quarter?" Answer: "The clinker production for this quarter stands at 3.6 million tonnes."
8. Question: "What is the segmental strategy regarding the paint business, particularly profitability timelines?" Answer: "The paint turnover for this quarter is INR 103 crores. We expect to trim losses this year, aiming for a breakeven by FY 2027 when we surpass INR 500 crores in turnover and improve our gross margins."
9. Question: "Any comments on the spread between trade and non-trade pricing across regions?" Answer: "The pricing gap between trade and non-trade is approximately INR 20 to INR 30 now, down from INR 60 to INR 70 previously, with improvements seen across all regions."
10. Question: "Can you share the CAPEX numbers for FY 2026, FY 2027, and FY 2028?" Answer: "For FY 2026, we project CAPEX between INR 2,500 crores and INR 2,800 crores, including INR 600 crores for Jaisalmer. FY 2027's CAPEX is estimated at INR 3,500 crores, mainly for the 7 million tonne expansion, while FY 2028 is expected to see INR 1,000 crores to INR 1,200 crores in spillover CAPEX."
| 2.15% |
| INVESCO INDIA MULTICAP FUND | 1.74% |
| ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED | 1.4% |
| AXIS MUTUAL FUND TRUSTEE LTD. A/C AXIS MUTUAL FUND A/C AXIS MULTI ASSET ALLOCATION FUND | 1.38% |
| FIDELITY INVESTMENT TRUST FIDELITY SERIES EMERGING MARKETS OPPORTUNITIES FUND | 1.35% |
| FIDELITY EMERGING MARKETS FUND | 1.22% |
| NIPPON LIFE INDIA TRUSTEE LTD- A/C NIPPON INDIA VISION LARGE & MID CAP FUND | 1.18% |
| FIDELITY RUTLAND SQUARE TRUST II : STRATEGIC ADVISERS FIDELITY EMERGING MARKETS FUND AS MANAGED BY FIAM LLC | 1.16% |
| SUNDARAM MUTUAL FUND - SUNDARAM MULTI ASSET ALLOCATION FUND | 1.08% |
| KOTAK FUNDS - INDIA MIDCAP FUND | 1.06% |
| SBI NIFTY MIDCAP 150 INDEX FUND | 1.02% |
| Vidhi Nidhipati Singhania | 0.65% |
| Non Resident Indians (Non Repat) | 0.58% |
| Kalpana Singhania | 0.44% |
Distribution across major stakeholders
Distribution across major institutional holders
| 40.8 kCr |
| -5.80% |
| +3.00% |
| 35.18 |
| 3.21 |
| - |
| - |
| SHREECEM | Shree Cements | 98.61 kCr | 21.09 kCr | +0.10% | -1.80% | 55.02 | 4.68 | - | - |
| ACC | ACC | 31.31 kCr | 25.11 kCr | -5.00% | -16.40% | 11.82 | 1.25 | - | - |
| INDIACEM | India Cements | 14.03 kCr | 4.54 kCr | -0.80% | +60.80% | -128.96 | 3.09 | - | - |
| 13% |
| 3,193 |
| 2,827 |
| 2,920 |
| 2,696 |
| 2,545 |
| 2,579 |
| Profit Before exceptional items and Tax | 30.2% | 316 | 243 | 489 | 279 | 53 | 273 |
| Exceptional items before tax | -5710.7% | -47.81 | 0.16 | 0.01 | 0.65 | 102 | 0 |
| Total profit before tax | 10.3% | 268 | 243 | 489 | 279 | 155 | 273 |
| Current tax | 923.6% | 79 | 8.62 | 154 | 53 | 11 | 52 |
| Deferred tax | -79.7% | 16 | 75 | 11 | 37 | 7.73 | 36 |
| Total tax | 13.3% | 95 | 84 | 165 | 89 | 19 | 88 |
| Total profit (loss) for period | 9.5% | 174 | 159 | 324 | 190 | 136 | 185 |
| Other comp. income net of taxes | -67.4% | 9.48 | 27 | -2.03 | 14 | 2.2 | 0.47 |
| Total Comprehensive Income | -1.6% | 183 | 186 | 322 | 203 | 138 | 185 |
| Earnings Per Share, Basic | 9.2% | 22.6 | 20.78 | 41.99 | 24.54 | 16.28 | 23.98 |
| Earnings Per Share, Diluted | 9.2% | 22.6 | 20.78 | 41.99 | 24.54 | 16.28 | 23.98 |
| Debt equity ratio | -0.1% | 093 | 098 | 095 | 0.0103 | 0.01 | 094 |
| Debt service coverage ratio | 0.3% | 0.0213 | 0.0182 | 0.0237 | 0.0215 | 0.02 | 0.0182 |
| Interest service coverage ratio | 0.7% | 0.0542 | 0.0477 | 0.0695 | 0.0472 | 0.03 | 0.0491 |
| 14.7% |
| 814 |
| 710 |
| 563 |
| 504 |
| 412 |
| 391 |
| Finance costs | 2.8% | 449 | 437 | 260 | 249 | 223 | 223 |
| Depreciation and Amortization | 4.5% | 508 | 486 | 361 | 282 | 245 | 214 |
| Other expenses | -1.2% | 6,407 | 6,485 | 5,617 | 4,421 | 3,351 | 3,031 |
| Total Expenses | 2.4% | 10,073 | 9,835 | 8,281 | 6,728 | 5,282 | 4,719 |
| Profit Before exceptional items and Tax | -2.4% | 1,189 | 1,218 | 800 | 1,094 | 1,159 | 830 |
| Exceptional items before tax | 915.4% | 54 | -5.5 | 0 | -130 | -166.86 | -178.15 |
| Total profit before tax | 2.6% | 1,243 | 1,212 | 800 | 964 | 993 | 652 |
| Current tax | 55.6% | 222 | 143 | 142 | 257 | 308 | 171 |
| Deferred tax | -36.7% | 151 | 238 | 96 | 90 | 82 | 80 |
| Total tax | -2.4% | 373 | 382 | 238 | 347 | 390 | 252 |
| Total profit (loss) for period | 4.7% | 870 | 831 | 563 | 631 | 603 | 400 |
| Other comp. income net of taxes | -114.7% | -3.38 | -1.04 | 3.19 | 3.81 | 1.36 | -1.27 |
| Total Comprehensive Income | 4.5% | 867 | 830 | 566 | 634 | 604 | 399 |
| Earnings Per Share, Basic | 4.8% | 112.59 | 107.5 | 72.8 | 81.62 | 78.02 | 51.82 |
| Earnings Per Share, Diluted | 4.8% | 112.59 | 107.5 | 72.8 | 81.62 | 78.02 | 51.82 |
| Debt equity ratio | 0% | 097 | 097 | 068 | 076 | - | 084 |
| Debt service coverage ratio | -0.2% | 0.0187 | 0.0207 | 0.0171 | 0.0203 | - | 0.0193 |
| Interest service coverage ratio | -0.1% | 0.0482 | 0.0495 | 0.0561 | 0.066 | - | 0.0409 |
| 0.5% |
| 8,117 |
| 8,073 |
| 8,035 |
| 7,774 |
| 7,393 |
| 5,102 |
| Capital work-in-progress | 44.6% | 1,893 | 1,309 | 494 | 415 | 477 | 169 |
| Non-current investments | 2.6% | 1,419 | 1,383 | 1,451 | 1,371 | 994 | 2,190 |
| Total non-current financial assets | -11.8% | 1,562 | 1,771 | 1,703 | 1,556 | 1,352 | 2,476 |
| Total non-current assets | 5.7% | 12,422 | 11,755 | 10,803 | 10,214 | 9,680 | 8,088 |
| Total assets | 6.4% | 17,392 | 16,339 | 14,925 | 14,285 | 13,373 | 10,891 |
| Borrowings, non-current | 3.6% | 4,765 | 4,600 | 4,248 | 4,177 | 4,161 | 2,489 |
| Total non-current financial liabilities | 3.5% | 5,347 | 5,168 | 4,778 | 4,695 | 4,641 | 2,929 |
| Provisions, non-current | 5% | 22 | 21 | 52 | 52 | 49 | 47 |
| Total non-current liabilities | 4.1% | 6,886 | 6,613 | 6,104 | 5,899 | 5,688 | 3,928 |
| Borrowings, current | 23.3% | 1,551 | 1,258 | 1,317 | 1,001 | 867 | 723 |
| Total current financial liabilities | 11.3% | 2,826 | 2,539 | 2,376 | 2,086 | 1,983 | 1,477 |
| Provisions, current | 7.5% | 158 | 147 | 99 | 104 | 93 | 91 |
| Current tax liabilities | 241.2% | 59 | 18 | - | - | - | 0 |
| Total current liabilities | 11.3% | 4,072 | 3,660 | 3,374 | 3,032 | 2,854 | 2,262 |
| Total liabilities | 6.7% | 10,957 | 10,273 | 9,478 | 8,931 | 8,542 | 6,189 |
| Equity share capital | 0% | 77 | 77 | 77 | 77 | 77 | 77 |
| Total equity | 6.1% | 6,434 | 6,065 | 5,446 | 5,353 | 4,831 | 4,702 |
| Total equity and liabilities | 6.4% | 17,392 | 16,339 | 14,925 | 14,285 | 13,373 | 10,891 |
| 8.1% |
| 2,049 |
| 1,895 |
| 1,538 |
| 1,009 |
| - |
| - |
| Cashflows used in obtaining control of subsidiaries | -54.2% | 83 | 180 | 614 | 861 | - | - |
| Proceeds from sales of PPE | 439.1% | 21 | 4.71 | 8.25 | 26 | - | - |
| Purchase of property, plant and equipment | 56.9% | 1,735 | 1,106 | 479 | 474 | - | - |
| Interest received | 85.9% | 159 | 86 | 57 | 92 | - | - |
| Other inflows (outflows) of cash | 40.9% | -165.7 | -281.3 | -268.79 | 520 | - | - |
| Net Cashflows From Investing Activities | -15.9% | -2,015.77 | -1,739.63 | -1,174.45 | -905.58 | - | - |
| Proceeds from borrowings | 34.1% | 1,429 | 1,066 | 420 | 155 | - | - |
| Repayments of borrowings | -13.4% | 707 | 816 | 444 | -58.1 | - | - |
| Payments of lease liabilities | 14.3% | 17 | 15 | 13 | 9.48 | - | - |
| Dividends paid | 33% | 154 | 116 | 116 | 116 | - | - |
| Interest paid | 3.1% | 429 | 416 | 240 | 245 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | 24 | 34 | - | - |
| Net Cashflows from Financing Activities | 140.6% | 122 | -297.27 | -369.11 | -123.09 | - | - |
| Net change in cash and cash eq. | 207.7% | 155 | -141.95 | -5.59 | -19.43 | - | - |
General • 17 Jan 2026 In terms of Regulation 30(5) of SEBI (LODR) Regulations |