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Cement & Cement Products
J.K. CEMENT is a prominent company in the Cement & Cement Products industry, operating under the stock ticker JKCEMENT. It boasts a substantial market capitalization of Rs. 34,164.5 Crores.
The company specializes in the manufacture and sale of cement and related products, both in India and internationally, utilizing the J.K. Cement brand. Its product offerings include a variety of grey cement types such as:
In addition to grey cement, J.K. Cement provides white cement-based putty and gypsum plaster for wall and ceiling application. The extensive product range also encompasses:
Founded in 1975, J.K. Cement is headquartered in Kanpur, India. The company reported a trailing 12 months revenue of Rs. 11,576.5 Crores and maintains a commitment to its investors by distributing dividends, with a current yield of 0.79% per year. Over the last 12 months, it returned Rs. 35 dividend per share.
Remarkably, J.K. Cement has achieved a 46.4% revenue growth in the past three years, reflecting its robust performance in the market.
Valuation | |
|---|---|
| Market Cap | 47 kCr |
| Price/Earnings (Trailing) | 64.34 |
| Price/Sales (Trailing) | 4.06 |
| EV/EBITDA | 22.3 |
| Price/Free Cashflow | 39.58 |
| MarketCap/EBT | 44.56 |
Fundamentals | |
|---|---|
| Revenue (TTM) | 11.58 kCr |
| Rev. Growth (Yr) | 0.05% |
| Rev. Growth (Qtr) | 14.51% |
| Earnings (TTM) | 730.52 Cr |
| Earnings Growth (Yr) | -33.1% |
| Earnings Growth (Qtr) | 39.46% |
Profitability | |
|---|---|
| Operating Margin | 8.14% |
| EBT Margin | 9.11% |
| Return on Equity | 13.3% |
| Return on Assets | 4.75% |
| Free Cashflow Yield | 2.53% |
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.
Last updated: May 25
In the Q4 FY 2025 earnings call for JK Cement, management provided a positive outlook, highlighting significant growth in sales and profitability. For Q4, net sales were recorded at Rs. 3,225 crores, marking a 24% increase from the previous quarter and a 13% year-on-year rise. EBITDA stood at Rs. 736 crores, up 50% sequentially and 34% compared to the previous year, with EBITDA margins improving to 22.8%. Profit before tax for the quarter was Rs. 593 crores, significantly higher than Rs. 295 crores in the previous quarter.
For FY 2026, the management targets a consolidated volume of around 20 million tons, with anticipated capital expenditures of Rs. 1,800 to Rs. 2,000 crores primarily focused on ongoing projects such as the brownfield expansion at Panna and a Greenfield project in Bihar, both expected to go into operation by late December 2025 or January 2026. The company also aims for a net debt to EBITDA ratio of 1.3 and plans to maintain strategic expansion initiatives to achieve a target of 50 million tons by 2030.
Forward-looking statements indicate that the company plans to further optimize logistics, improve EBITDA per ton, and sustain marketing investments while seeking to boost trade volume share. Management expressed confidence in enhanced profitability amid anticipated sales growth from their expansions in Central and East India, alongside maintaining a robust focus on cost reduction measures of around Rs. 150 to Rs. 200 crores. The earnings per share (EPS) for FY 2025 was Rs. 112.59, projecting profitability growth as market conditions evolve.
Last updated: May 25
Question 1: "Could you provide the clinker produced in FY '25?"
Answer: The clinker production for FY '25 was 11.92 million tons.
Question 2: "Are there any expansion plans beyond '26 now that Panna is nearing completion?"
Answer: Yes, we are exploring various options for expansion, aiming to reach 50 million tons by 2030. We are considering locations in Jaisalmer, Karnataka, Orissa, and possibly another line at Panna. We expect clearer plans in three to four months.
Question 3: "What is the CAPEX plan for FY '26?"
Answer: Our CAPEX for FY '26 is projected to be in the range of Rs. 1,800 crores to Rs. 2,000 crores.
Question 4: "Has there been any update on the Orissa limestone mining lease agreement?"
Answer: We are still pursuing the mining lease and a long-term arrangement. We expect to have an update in the next three to four months.
Question 5: "What has been the incentive booked this quarter and the guidance for FY '26?"
Answer: The incentive booked this quarter was in the range of Rs. 75 crores to Rs. 80 crores. This is likely to continue in FY '26, with an additional Rs. 12 crores for Prayagraj.
Question 6: "Can you highlight the scope of work with the Container Corporation regarding tank containers for bulk cement?"
Answer: We are discussing freight optimization through tanker movement. This aims to reduce container costs, as demand for bulk cement is increasing.
Question 7: "Are there any one-offs in the quarter regarding cost or realization?"
Answer: There are no notable one-offs. Our good volume numbers were driven predominantly by our performance in Central India, and our logistics team effectively managed challenges.
Question 8: "What is your guidance for FY '26 in terms of volumes?"
Answer: We anticipate achieving approximately 20 million tons in gray cement volumes for FY '26.
Question 9: "What is the EBITDA per ton for FY '26 that you are targeting?"
Answer: While we aim to maintain what we achieved last quarter, we are hopeful to achieve more than Rs. 1,087, the FY '24 per ton EBITDA.
Question 10: "What is the outlook for the paint segment, especially in terms of revenue?"
Answer: We expect the paint segment to have a top line of Rs. 400 crores to Rs. 450 crores in FY '26, with efforts to improve margins through cost-saving measures and a correction in discount structures.
These responses summarize the key areas discussed in the Q&A segment of the earnings call transcript.
Balance Sheet: Reasonably good balance sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Momentum: Stock price has a strong positive momentum. Stock is up 12.3% in last 30 days.
Smart Money: Smart money has been increasing their position in the stock.
Size: Market Cap wise it is among the top 20% companies of india.
No major cons observed.
Comprehensive comparison against sector averages
JKCEMENT metrics compared to Cement
| Category | JKCEMENT | Cement |
|---|---|---|
| PE | 64.34 | 39.74 |
| PS | 4.06 | 2.53 |
| Growth | 1.9 % | 2.9 % |
JKCEMENT vs Cement (2021 - 2025)
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.
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
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 LTD | 40.19% |
| KOTAK SMALL CAP FUND | 5.25% |
| KAVITA YADUPATI SINGHANIA | 5.01% |
| Sushila Devi Singhania | 4.32% |
| ABHISHEK SINGHANIA | 3.38% |
| CANARA ROBECO MUTUAL FUND A/C GAD1 | 2.31% |
| FIDELITY INVESTMENT TRUST FIDELITY SERIES EMERGING MARKETS OPPORTUNITIES FUND | 2.07% |
| AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS RETIREMENT FUND - DYNAMIC PLAN | 1.78% |
| FIDELITY ADVISOR SERIES VIII : FIDELITY ADVISOR FOCUSED EMERGING MARKETS FUND | 1.64% |
| ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SMALL CAP FUND | 1.59% |
| DSP MIDCAP FUND | 1.26% |
| INVESCO INDIA MIDCAP FUND | 1.23% |
| KOTAK FUNDS - INDIA MIDCAP FUND | 1.23% |
| PGIM INDIA TRUSTEES PRIVATE LIMITED A/C PGIM INDIA MID CAP OPPORTUNITIES FUND | 1.14% |
| SBI NIFTY MIDCAP 150 INDEX FUND | 1.02% |
| Vidhi Nidhipati Singhania | 0.65% |
| Kalpana Singhania | 0.45% |
| Nidhipati Singhania | 0.06% |
| PUSHPA SARAOGI | 0.01% |
| G.H. SECURITIES PVT LTD | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Investor Care | |
|---|---|
| Dividend Yield | 0.79% |
| Dividend/Share (TTM) | 35 |
| Shares Dilution (1Y) | 0.00% |
| Diluted EPS (TTM) | 93.24 |
Financial Health | |
|---|---|
| Current Ratio | 1.24 |
| Debt/Equity | 1.02 |
| Debt/Cashflow | 0.35 |
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 CementCement & Cement Products | 3.35 LCr | 74.69 kCr | -4.38% | +1.25% | 51.85 | 4.49 | +4.43% | -7.64% |
| AMBUJACEM | Ambuja CementsCement & Cement Products | 1.35 LCr | 37.7 kCr | -2.39% | -18.78% | 26.23 | 3.59 | +9.83% | +9.01% |
| SHREECEM | Shree CementsCement & Cement Products | 1.07 LCr | 19.76 kCr | -6.47% | +7.38% | 87.13 | 5.4 | -4.90% | -45.47% |
| ACC | ACCCement & Cement Products | 34.87 kCr | 22.83 kCr | -3.70% | -30.23% | 14.51 | 1.53 | +11.65% | +2.88% |
| INDIACEM | India CementsCement & Cement Products | 10.19 kCr | 4.44 kCr | +2.80% | +48.50% | -70.92 | 2.29 | -14.16% | +36.80% |