JK Cement Ltd.

•

jkcement.comBSE: 532644NSE: JKCEMENT

Market Cap₹ 37,409 Cr.

Current Price

High / Low₹ 7,000 / 4,672

Stock P/E39.6

Book Value₹ 946

Price to Book5.58

Dividend Yield0.41 %

ROCE14.9 %

ROE15.1 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2021 • Grey Cement: 71.1% • White Cement & Allied Products: 28.9%

AI Sector View

AI GENERATED

Construction Materials

Buy

Construction materials remain supported by healthy building activity. Core industries cement growth accelerated to 13.1% YoY (2026-07), while finished steel consumption was 8.0% YoY (2026-06); steel output itself was softer at 2.9% YoY (2026-07). FPI positioning is still mildly negative at INR -497 crore over 3 months to 2026-08-31, but the fundamental demand backdrop remains constructive.

Confidence

69%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.18x)
Company has delivered good sales growth of 15.7% CAGR over last 5 years
Working capital cycle has improved - days down from 28 to -7
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Recent results are weak - TTM profit is down 31.6% versus prior year
Recurring exceptional / one-off items are inflating headline profit
Company has delivered a poor profit growth of 7.0% over past five years
Stock is trading at 5.6x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Construction MaterialsConstruction MaterialsCement & Construction Materials

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 150 NIFTY TOTAL MKT NIFTY 500

S.No.	Name
1.	ULTRACEMCO	10996.00	37.95	324029.22	2.18	2603.72	17.24	24648.20	15.85	13.25	20.35
2.	AMBUJACEM	391.00	22.20	97156.35	0.51	660.00	-31.93	9500.00	-7.67	6.24	16.78
3.	SHREECEM	22588.80	50.00	81502.08	0.66	531.12	-17.48	6233.13	18.03	10.61	20.41
4.	JKCEMENT	4841.40	39.56	37408.65	0.41	274.62	-15.31	4031.72	20.26	14.89	16.07
5.	DALBHARAT	1749.20	35.17	32809.04	0.51	192.00	-51.39	3890.00	6.99	8.15	20.69
6.	ACC	1246.15	12.26	23401.11	0.60	147.00	-60.84	5808.00	-4.59	11.60	7.90
7.	RAMCOCEM	866.40	31.75	20472.37	0.29	31.24	-63.06	2273.05	9.60	10.75	13.49
8.	JSWCEMENT	118.80	21.30	16196.78	0.42	153.43	111.23	1896.41	21.58	-4.21	16.41
9.	NUVOCO	330.20	30.56	11793.30	0.00	159.63	19.88	3128.71	8.91	7.11	18.16
10.	INDIACEM	346.30	116.03	10731.74	0.00	26.85	120.20	1019.42	-0.52	0.30	15.28
11.	STARCEMENT	195.35	21.36	7895.66	0.51	73.91	-24.71	942.89	3.39	8.42	20.63
12.	BIRLACORPN	825.30	11.48	6355.25	1.51	115.73	-3.21	2646.45	7.83	10.88	12.93

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,763	2,753	2,935	3,106	2,808	2,560	2,930	3,581	3,353	3,019	3,463	3,888	4,032
	2,355	2,286	2,310	2,546	2,321	2,276	2,438	2,816	2,665	2,573	2,906	3,205	3,665
Operating Profit	408	467	625	560	486	284	492	765	688	447	558	683	367
OPM %	14.76%	16.96%	21.30%	18.03%	17.32%	11.09%	16.79%	21.36%	20.51%	14.79%	16.10%	17.56%	9.10%
	17	29	38	55	45	140	45	46	56	51	-2	41	39
Interest	109	115	114	115	110	123	112	113	109	105	113	98	114
Depreciation	138	141	140	153	147	146	146	162	146	149	175	182	167
Profit before Tax	177	241	409	347	273	155	279	535	489	243	268	444	406
Tax %	37.41%	26.94%	30.61%	36.72%	32.34%	12.16%	32.08%	32.45%	33.71%	34.46%	35.29%	25.40%	32.38%
Net Profit	0	0	0	0	185	136	190	361	324	159	174	331	275
	14.48	22.69	36.73	28.44	23.98	16.28	24.54	46.64	41.99	20.78	22.60	43.08	35.91

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	4,021	4,854	5,259	5,802	6,606	7,991	9,720	11,556	11,879	13,722	14,401
	3,297	4,066	4,424	4,588	5,067	6,508	8,406	9,496	9,852	11,348	12,348
Operating Profit	724	787	834	1,213	1,539	1,482	1,314	2,060	2,027	2,374	2,053
OPM %	18.02%	16.22%	15.87%	20.92%	23.29%	18.55%	13.52%	17.82%	17.06%	17.30%	14.26%
	81	111	80	85	113	143	87	140	275	147	130
Interest	303	284	261	276	253	270	312	453	459	424	430
Depreciation	217	231	241	288	306	342	462	573	601	653	673
Profit before Tax	286	383	412	734	1,093	1,013	628	1,174	1,242	1,444	1,361
Tax %	39.79%	25.48%	36.08%	34.18%	35.65%	32.94%	33.67%	32.69%	29.80%	31.57%	31.05%
Net Profit	172	286	264	483	703	679	416	790	872	988	938
EPS	25.42	41.41	36.74	62.56	90.99	87.90	54.82	102.35	111.44	128.44	—
Dividend Payout %	31.47%	24.15%	28.58%	11.77%	16.33%	16.87%	27.36%	19.54%	13.46%	15.57%	—

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 16%
3 Years:: 12%

COMPOUNDED PROFIT GROWTH

10 Years:: 33%
5 Years:: 7%
3 Years:: 33%

STOCK PRICE CAGR

10 Years:: 20%
5 Years:: 7%
3 Years:: 14%
1 Year:: -27%

RETURN ON EQUITY

10 Years:: 15%
5 Years:: 14%
3 Years:: 15%
Last Year:: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	70	70	77	77	77	77	77	77	77	77
Minority Interest	4	0	-7	-20	-26	-34	-44	-46	-34	53
	1,641	1,905	2,625	2,950	3,659	4,248	4,607	5,290	6,012	6,960
	3,577	3,234	3,291	3,837	3,998	4,551	5,714	5,688	6,311	6,513
Trade Payables	427	665	434	492	600	715	822	880	1,098	1,216
	692	676	1,097	1,205	1,871	1,846	2,131	2,912	3,217	3,681
Total Liabilities	6,411	6,550	7,516	8,542	10,180	11,403	13,307	14,802	16,682	18,500
	4,542	4,443	4,537	5,554	5,937	6,544	8,467	9,298	9,519	11,586
Capital Work in Progress	127	104	574	530	509	1,032	592	464	1,317	1,053
	80	119	438	46	142	216	92	377	601	447
	561	590	624	690	757	1,209	974	1,182	1,175	1,525
	0	0	0	0	0	0	0	566	787	760
Cash & Bank	435	573	456	634	1,225	325	833	880	1,370	469
	666	721	887	1,087	1,609	2,078	2,348	2,035	1,913	2,660
Total Assets	6,411	6,550	7,516	8,542	10,180	11,403	13,307	14,802	16,682	18,500

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	835	983	802	1,525	1,789	1,092	1,539	1,959	1,939	1,873
Cash from Investing	-649	-96	-802	-1,477	-1,347	-996	-2,015	-1,636	-1,910	-1,745
Cash from Financing	-346	-723	173	-113	-137	62	741	-416	74	-385
	-223	65	74	-218	109	-56	104	-92	104	-257

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	45.70	45.68	45.68	45.68	45.66	45.66	45.66	45.66	45.66
	17.69	17.53	16.86	16.12	17.54	18.55	17.87	16.84	16.83
	22.06	22.43	23.70	24.50	23.05	21.74	22.49	23.75	23.72
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	14.52	14.32	13.73	13.68	13.71	14.01	13.95	13.73	13.76

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-28

Copy of Newspaper Publication

2026-08-28 - JK Cement Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-14

Action(s) initiated or orders passed

2026-08-14 - JK Cement Limited has informed the Exchange about order received from ROC

2026-08-12

General Updates

2026-08-12 - JK Cement Limited has informed the Exchange about General Updates -Commissioning Of J.K. White Nathdwara, Rajasthan

2026-08-06

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-06 - JK Cement Limited has informed the Exchange about Schedule of meet

2026-07-29

Acquisition

2026-07-29 - JK Cement Limited has informed the Exchange about Acquisition

2026-07-21

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-21 - JK Cement Limited has informed the Exchange about Transcript

2026-07-20

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-20 - JK Cement Limited has informed the Exchange about Link of Recording

2026-07-18

Investor Presentation

2026-07-18 - JK Cement Limited has informed the Exchange about Investor Presentation

2026-07-18

Outcome of Board Meeting

2026-07-18 - JK Cement Limited has informed the Exchange regarding Outcome of Board Meeting held on July 18, 2026.

News

Recent coverage and analyst commentary for JKCEMENT

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JK Cement Ltd.

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Name

ULTRACEMCO

10996.00

37.95

324029.22

2.18

2603.72

17.24

24648.20

15.85

13.25

20.35

AMBUJACEM

391.00

22.20

97156.35

0.51

660.00

-31.93

9500.00

-7.67

6.24

16.78

SHREECEM

22588.80

50.00

81502.08

0.66

531.12

-17.48

6233.13

18.03

10.61

20.41

JKCEMENT

4841.40

39.56

37408.65

0.41

274.62

-15.31

4031.72

20.26

14.89

16.07

DALBHARAT

1749.20

35.17

32809.04

0.51

192.00

-51.39

3890.00

6.99

8.15

20.69

ACC

1246.15

12.26

23401.11

0.60

147.00

-60.84

5808.00

-4.59

11.60

7.90

RAMCOCEM

866.40

31.75

20472.37

0.29

31.24

-63.06

2273.05

9.60

10.75

13.49

JSWCEMENT

118.80

21.30

16196.78

0.42

153.43

111.23

1896.41

21.58

-4.21

16.41

NUVOCO

330.20

30.56

11793.30

0.00

159.63

19.88

3128.71

8.91

7.11

18.16

INDIACEM

346.30

116.03

10731.74

0.00

26.85

120.20

1019.42

-0.52

0.30

15.28

STARCEMENT

195.35

21.36

7895.66

0.51

73.91

-24.71

942.89

3.39

8.42

20.63

BIRLACORPN

825.30

11.48

6355.25

1.51

115.73

-3.21

2646.45

7.83

10.88

12.93

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

2,763

2,753

2,935

3,106

2,808

2,560

2,930

3,581

3,353

3,019

3,463

3,888

4,032

2,355

2,286

2,310

2,546

2,321

2,276

2,438

2,816

2,665

2,573

2,906

3,205

3,665

Operating Profit

408

467

625

560

486

284

492

765

688

447

558

683

367

OPM %

14.76%

16.96%

21.30%

18.03%

17.32%

11.09%

16.79%

21.36%

20.51%

14.79%

16.10%

17.56%

9.10%

140

-2

Interest

109

115

114

115

110

123

112

113

109

105

113

114

Depreciation

138

141

140

153

147

146

162

146

149

175

182

167

Profit before Tax

177

241

409

347

273

155

279

535

489

243

268

444

406

Tax %

37.41%

26.94%

30.61%

36.72%

32.34%

12.16%

32.08%

32.45%

33.71%

34.46%

35.29%

25.40%

32.38%

Net Profit

185

136

190

361

324

159

174

331

275

14.48

22.69

36.73

28.44

23.98

16.28

24.54

46.64

41.99

20.78

22.60

43.08

35.91

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

4,021

4,854

5,259

5,802

6,606

7,991

9,720

11,556

11,879

13,722

14,401

3,297

4,066

4,424

4,588

5,067

6,508

8,406

9,496

9,852

11,348

12,348

Operating Profit

724

787

834

1,213

1,539

1,482

1,314

2,060

2,027

2,374

2,053

OPM %

18.02%

16.22%

15.87%

20.92%

23.29%

18.55%

13.52%

17.82%

17.06%

17.30%

14.26%

111

113

143

140

275

147

130

Interest

303

284

261

276

253

270

312

453

459

424

430

Depreciation

217

231

241

288

306

342

462

573

601

653

673

Profit before Tax

286

383

412

734

1,093

1,013

628

1,174

1,242

1,444

1,361

Tax %

39.79%

25.48%

36.08%

34.18%

35.65%

32.94%

33.67%

32.69%

29.80%

31.57%

31.05%

Net Profit

172

286

264

483

703

679

416

790

872

988

938

EPS

25.42

41.41

36.74

62.56

90.99

87.90

54.82

102.35

111.44

128.44

—

Dividend Payout %

31.47%

24.15%

28.58%

11.77%

16.33%

16.87%

27.36%

19.54%

13.46%

15.57%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

-7

-20

-26

-34

-44

-46

-34

1,641

1,905

2,625

2,950

3,659

4,248

4,607

5,290

6,012

6,960

3,577

3,234

3,291

3,837

3,998

4,551

5,714

5,688

6,311

6,513

Trade Payables

427

665

434

492

600

715

822

880

1,098

1,216

692

676

1,097

1,205

1,871

1,846

2,131

2,912

3,217

3,681

Total Liabilities

6,411

6,550

7,516

8,542

10,180

11,403

13,307

14,802

16,682

18,500

4,542

4,443

4,537

5,554

5,937

6,544

8,467

9,298

9,519

11,586

Capital Work in Progress

127

104

574

530

509

1,032

592

464

1,317

1,053

119

438

142

216

377

601

447

561

590

624

690

757

1,209

974

1,182

1,175

1,525

566

787

760

Cash & Bank

435

573

456

634

1,225

325

833

880

1,370

469

666

721

887

1,087

1,609

2,078

2,348

2,035

1,913

2,660

Total Assets

6,411

6,550

7,516

8,542

10,180

11,403

13,307

14,802

16,682

18,500

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

835

983

802

1,525

1,789

1,092

1,539

1,959

1,939

1,873

Cash from Investing

-649

-96

-802

-1,477

-1,347

-996

-2,015

-1,636

-1,910

-1,745

Cash from Financing

-346

-723

173

-113

-137

741

-416

-385

-223

-218

109

-56

104

-92

104

-257

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

45.70

45.68

45.66

17.69

17.53

16.86

16.12

17.54

18.55

17.87

16.84

16.83

22.06

22.43

23.70

24.50

23.05

21.74

22.49

23.75

23.72

Government

0.00

14.52

14.32

13.73

13.68

13.71

14.01

13.95

13.73

13.76

JK Cement Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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JK Cement Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI