JK Cement Ltd.

•

jkcement.comBSE: 532644NSE: JKCEMENT

Market Cap₹ 38,555 Cr.

Current Price

High / Low₹ 7,000 / 4,672

Stock P/E38.9

Book Value₹ 939

Price to Book5.64

Dividend Yield0.40 %

ROCE15.3 %

ROE15.9 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2021 • Grey Cement: 74.3% • White Cement & Allied Products: 25.7%

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

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.12x)
Company has delivered good sales growth of 15.4% CAGR over last 5 years
Working capital cycle has improved - days down from 25 to -11
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Recent results are weak - TTM profit is down 31.2% versus prior year
Recurring exceptional / one-off items are inflating headline profit
Stock is trading at 5.6x its book value
Though reporting repeated profits, the company pays out little dividend (15.0%)

* 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	10896.00	37.60	321082.42	2.20	2603.72	17.24	24648.20	15.85	13.25	20.35
2.	AMBUJACEM	396.05	22.49	98411.18	0.51	660.00	-31.93	9500.00	-7.67	6.24	16.78
3.	SHREECEM	22911.30	50.71	82665.68	0.65	531.12	-17.48	6233.13	18.03	10.61	20.41
4.	JKCEMENT	4989.80	40.78	38555.31	0.40	274.62	-15.31	4031.72	20.26	14.89	16.07
5.	DALBHARAT	1734.10	34.86	32525.81	0.52	192.00	-51.39	3890.00	6.99	8.15	20.69
6.	ACC	1257.80	12.37	23619.88	0.60	147.00	-60.84	5808.00	-4.59	11.60	7.90
7.	RAMCOCEM	865.45	31.71	20449.92	0.29	31.24	-63.06	2273.05	9.60	10.75	13.49
8.	JSWCEMENT	120.85	21.67	16476.27	0.41	153.43	111.23	1896.41	21.58	-4.21	16.41
9.	NUVOCO	335.15	31.01	11970.09	0.00	159.63	19.88	3128.71	8.91	7.11	18.16
10.	INDIACEM	351.65	117.82	10897.54	0.00	26.85	120.20	1019.42	-0.52	0.30	15.28
11.	STARCEMENT	191.50	20.94	7740.05	0.52	73.91	-24.71	942.89	3.39	8.42	20.63
12.	BIRLACORPN	836.25	11.63	6439.57	1.49	115.73	-3.21	2646.45	7.83	10.88	12.93

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	2,624	2,571	2,785	2,939	2,643	2,410	2,739	3,378	3,150	2,859	3,213	3,684	3,866
	2,221	2,124	2,176	2,391	2,164	2,140	2,253	2,642	2,476	2,419	2,677	3,014	3,483
Operating Profit	402	447	608	548	479	271	486	736	674	440	536	670	383
OPM %	15.34%	17.37%	21.85%	18.63%	18.12%	11.22%	17.74%	21.79%	21.39%	15.38%	16.67%	18.19%	9.91%
	14	28	35	53	44	37	44	99	55	49	-0	43	40
Interest	105	109	111	111	107	120	114	109	106	103	110	96	112
Depreciation	118	120	118	131	124	128	126	139	123	125	150	156	143
Profit before Tax	194	246	415	358	292	60	290	588	501	261	276	460	423
Tax %	34.73%	27.18%	30.23%	34.14%	30.53%	32.51%	31.02%	29.79%	33.04%	32.55%	34.49%	25.05%	31.23%
Net Profit	126	179	289	236	203	40	200	413	336	176	181	345	291
	16.35	23.16	37.46	30.54	26.23	5.24	25.85	53.41	43.43	22.75	23.37	44.59	37.66

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,756	4,591	4,981	5,464	6,328	7,679	9,310	10,918	11,187	12,945	13,621
	3,069	3,831	4,171	4,282	4,814	6,197	7,990	8,913	9,219	10,627	11,593
Operating Profit	686	761	810	1,182	1,514	1,482	1,320	2,005	1,968	2,318	2,028
OPM %	18.27%	16.57%	16.26%	21.62%	23.92%	19.30%	14.18%	18.36%	17.60%	17.91%	14.89%
	87	111	80	-92	-54	13	85	130	224	147	132
Interest	273	245	222	223	223	249	296	437	450	416	422
Depreciation	176	186	194	214	245	282	392	486	518	556	575
Profit before Tax	324	440	474	652	993	964	718	1,212	1,225	1,494	1,419
Tax %	35.03%	22.25%	31.39%	38.59%	39.26%	34.55%	29.96%	31.49%	30.51%	30.82%	30.10%
Net Profit	211	342	325	400	603	631	503	831	851	1,033	992
EPS	30.14	48.89	45.28	51.82	78.02	81.62	65.06	107.50	110.17	133.73	—
Dividend Payout %	26.54%	20.45%	23.78%	14.47%	19.23%	18.38%	23.06%	18.60%	13.62%	14.96%	—

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 15%
3 Years:: 12%

COMPOUNDED PROFIT GROWTH

10 Years:: 26%
5 Years:: 11%
3 Years:: 27%

STOCK PRICE CAGR

10 Years:: 20%
5 Years:: 7%
3 Years:: 14%
1 Year:: -25%

RETURN ON EQUITY

10 Years:: 15%
5 Years:: 15%
3 Years:: 16%
Last Year:: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	1,802	2,077	2,816	3,052	3,656	4,174	4,562	5,276	5,966	6,883
	2,902	2,647	2,677	3,139	3,416	3,767	5,480	5,485	6,202	6,420
Trade Payables	378	643	407	453	550	669	753	758	949	1,029
	691	641	1,074	1,306	1,778	1,654	1,951	2,688	3,160	3,548
Total Liabilities	5,843	6,078	7,051	8,026	9,476	10,342	12,823	14,285	16,355	17,958
	3,680	3,597	3,635	4,468	4,809	5,368	7,301	8,082	8,480	10,205
Capital Work in Progress	105	88	556	509	489	71	590	415	1,313	1,046
	536	635	1,005	566	807	1,745	1,016	1,480	1,698	1,758
	498	532	558	627	687	1,114	864	1,068	1,015	1,347
	0	0	0	0	0	0	0	460	672	617
Cash & Bank	427	544	430	631	1,162	283	813	791	1,322	331
	598	684	867	1,224	1,524	1,763	2,239	1,989	1,855	2,654
Total Assets	5,843	6,078	7,051	8,026	9,476	10,342	12,823	14,285	16,355	17,958

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	772	892	809	1,252	1,765	1,222	1,564	1,895	2,028	1,839
Cash from Investing	-655	-131	-863	-1,311	-1,515	-906	-2,072	-1,740	-1,995	-1,709
Cash from Financing	-302	-598	207	11	-6	-123	811	-297	122	-357
	-246	61	55	-201	48	-19	142	-142	154	-227

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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

10896.00

37.60

321082.42

2.20

2603.72

17.24

24648.20

15.85

13.25

20.35

AMBUJACEM

396.05

22.49

98411.18

0.51

660.00

-31.93

9500.00

-7.67

6.24

16.78

SHREECEM

22911.30

50.71

82665.68

0.65

531.12

-17.48

6233.13

18.03

10.61

20.41

JKCEMENT

4989.80

40.78

38555.31

0.40

274.62

-15.31

4031.72

20.26

14.89

16.07

DALBHARAT

1734.10

34.86

32525.81

0.52

192.00

-51.39

3890.00

6.99

8.15

20.69

ACC

1257.80

12.37

23619.88

0.60

147.00

-60.84

5808.00

-4.59

11.60

7.90

RAMCOCEM

865.45

31.71

20449.92

0.29

31.24

-63.06

2273.05

9.60

10.75

13.49

JSWCEMENT

120.85

21.67

16476.27

0.41

153.43

111.23

1896.41

21.58

-4.21

16.41

NUVOCO

335.15

31.01

11970.09

0.00

159.63

19.88

3128.71

8.91

7.11

18.16

INDIACEM

351.65

117.82

10897.54

0.00

26.85

120.20

1019.42

-0.52

0.30

15.28

STARCEMENT

191.50

20.94

7740.05

0.52

73.91

-24.71

942.89

3.39

8.42

20.63

BIRLACORPN

836.25

11.63

6439.57

1.49

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

2,624

2,571

2,785

2,939

2,643

2,410

2,739

3,378

3,150

2,859

3,213

3,684

3,866

2,221

2,124

2,176

2,391

2,164

2,140

2,253

2,642

2,476

2,419

2,677

3,014

3,483

Operating Profit

402

447

608

548

479

271

486

736

674

440

536

670

383

OPM %

15.34%

17.37%

21.85%

18.63%

18.12%

11.22%

17.74%

21.79%

21.39%

15.38%

16.67%

18.19%

9.91%

-0

Interest

105

109

111

107

120

114

109

106

103

110

112

Depreciation

118

120

118

131

124

128

126

139

123

125

150

156

143

Profit before Tax

194

246

415

358

292

290

588

501

261

276

460

423

Tax %

34.73%

27.18%

30.23%

34.14%

30.53%

32.51%

31.02%

29.79%

33.04%

32.55%

34.49%

25.05%

31.23%

Net Profit

126

179

289

236

203

200

413

336

176

181

345

291

16.35

23.16

37.46

30.54

26.23

5.24

25.85

53.41

43.43

22.75

23.37

44.59

37.66

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

3,756

4,591

4,981

5,464

6,328

7,679

9,310

10,918

11,187

12,945

13,621

3,069

3,831

4,171

4,282

4,814

6,197

7,990

8,913

9,219

10,627

11,593

Operating Profit

686

761

810

1,182

1,514

1,482

1,320

2,005

1,968

2,318

2,028

OPM %

18.27%

16.57%

16.26%

21.62%

23.92%

19.30%

14.18%

18.36%

17.60%

17.91%

14.89%

111

-92

-54

130

224

147

132

Interest

273

245

222

223

249

296

437

450

416

422

Depreciation

176

186

194

214

245

282

392

486

518

556

575

Profit before Tax

324

440

474

652

993

964

718

1,212

1,225

1,494

1,419

Tax %

35.03%

22.25%

31.39%

38.59%

39.26%

34.55%

29.96%

31.49%

30.51%

30.82%

30.10%

Net Profit

211

342

325

400

603

631

503

831

851

1,033

992

EPS

30.14

48.89

45.28

51.82

78.02

81.62

65.06

107.50

110.17

133.73

—

Dividend Payout %

26.54%

20.45%

23.78%

14.47%

19.23%

18.38%

23.06%

18.60%

13.62%

14.96%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

1,802

2,077

2,816

3,052

3,656

4,174

4,562

5,276

5,966

6,883

2,902

2,647

2,677

3,139

3,416

3,767

5,480

5,485

6,202

6,420

Trade Payables

378

643

407

453

550

669

753

758

949

1,029

691

641

1,074

1,306

1,778

1,654

1,951

2,688

3,160

3,548

Total Liabilities

5,843

6,078

7,051

8,026

9,476

10,342

12,823

14,285

16,355

17,958

3,680

3,597

3,635

4,468

4,809

5,368

7,301

8,082

8,480

10,205

Capital Work in Progress

105

556

509

489

590

415

1,313

1,046

536

635

1,005

566

807

1,745

1,016

1,480

1,698

1,758

498

532

558

627

687

1,114

864

1,068

1,015

1,347

460

672

617

Cash & Bank

427

544

430

631

1,162

283

813

791

1,322

331

598

684

867

1,224

1,524

1,763

2,239

1,989

1,855

2,654

Total Assets

5,843

6,078

7,051

8,026

9,476

10,342

12,823

14,285

16,355

17,958

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

772

892

809

1,252

1,765

1,222

1,564

1,895

2,028

1,839

Cash from Investing

-655

-131

-863

-1,311

-1,515

-906

-2,072

-1,740

-1,995

-1,709

Cash from Financing

-302

-598

207

-6

-123

811

-297

122

-357

-246

-201

-19

142

-142

154

-227

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