JK Cement logo

JK Cement

JKCEMENT NSE

Key Fundamentals

MidcapCementConstruction
Market Cap
₹38,286 Cr
Volatility
Moderate
P/E Ratio
40.47
EBITDA
₹2,569 Cr
Return on Equity
13.93%
Debt to Equity
0.88
Book Value
₹910.76
EPS
₹111.1
52W High
₹6,764.5
52W Low
₹4,671.5

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Weaknesses

2
  • Stock is trading at 5.44 times its book value
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
15.47% higher than 3Y
Net Income Growth
13.28% lower than 3Y
Cash Flow Change
-3.42% higher than 3Y
ROE
-3.26% lower than 3Y
ROCE
0% higher than 3Y
EBITDA Margin (Avg.)
1.15% higher than 3Y

AI Analysis — Bull vs Bear

6d ago
AI opinion · based on fundamentals
Risk medium

J K Cements has a market capitalisation of about Rs 39,507 crore and trades at a P/E of 42.7x and a P/B of 5.69x. Sales have compounded at 16% over 5 years and 16% on a TTM basis, and ROE has held steady at around 15% (16% last year). Profit growth has been uneven: 33% over 3 years but only 6% TTM and 7% over 5 years. The stock has returned -21% over the past year, against a 10-year CAGR of 19%.

Bull Case 7
  • Revenue growth has been consistent: sales compounded at 16% over 5 years and 16% on a TTM basis, above the 12% 10-year rate, which points to recent capacity additions translating into volume growth.
  • Profit compounded at 33% over both 3 and 10 years, so the company has been able to grow earnings meaningfully across cement cycles.
  • ROE has been steady at 15% over 3, 5 and 10 years and improved to 16% last year. That suggests disciplined capital allocation in a capital-intensive sector.
  • Over the long term the stock has compounded at 19% a year across 10 years and 16% across 3 years, a track record of creating shareholder value.
  • The 1-year stock return of -21% has pulled the valuation down from earlier levels, even though sales are still growing at 16% TTM.
  • A market cap of about Rs 39,507 crore places the company among the larger listed cement players, which gives it scale for expansion and access to institutional capital in a consolidating industry.
  • The company pays a dividend yield of 0.39%. It is small, but it shows a consistent payout while the company funds growth capex.
Bear Case 8
  • At a P/E of 42.7x the stock is priced richly for a cyclical commodity business, especially since TTM profit growth is only 6%.
  • The stock trades at 5.49-5.69x book value. For a business earning about 15-16% ROE, that multiple implies high expectations for future returns.
  • Profit growth is lagging sales: TTM profit grew 6% against 16% sales growth, and 5-year profit CAGR is 7% against 16% sales CAGR. Margins appear to be under pressure from costs, pricing or rising interest and depreciation.
  • The company may be capitalising interest cost. That can flatter reported earnings during capex phases, which matters when the P/E is already 42.7x.
  • The stock has fallen 21% over the past year and its 5-year CAGR of 10% is well below its 10-year CAGR of 19%, so returns are slowing.
  • A 15% ROE sustained over 10 years is adequate but has not expanded meaningfully, which limits the case for a premium valuation above 5x book.
  • The dividend yield of just 0.39% offers little income cushion if the valuation multiple contracts toward sector averages.
  • Debt-to-equity data is unavailable. Combined with possible interest capitalisation during expansion, that makes balance sheet leverage harder to assess.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

28d ago
Neutral 1
  • Equirus conference participation Aug 6

    JK Cement will participate in the Equirus Annual India Conference 2026 on August 13, 2026, with a physical meeting in Mumbai. Routine investor engagement event with no material announcements indicated.

TL;DR: Limited recent news flow for JK Cement, with only a routine analyst conference participation announced for August 13. No material headwinds or positive catalysts are evident from current coverage. The lack of news makes it difficult to assess directional trend; investors should watch the Equirus conference for any forward guidance or operational updates.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
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
Expenses
2,355
2,286
2,310
2,546
2,321
2,276
2,438
2,816
2,665
2,573
2,906
3,205
3,384
Operating Profit
408
467
625
560
486
284
492
765
688
447
557
682
648
OPM %
15%
17%
21%
18%
17%
11%
17%
21%
21%
15%
16%
18%
16%
Other Income
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
135
141
140
153
147
146
146
162
146
149
175
182
167
PBT
181
241
409
347
273
155
279
535
489
243
268
444
406
Tax %
37%
27%
31%
37%
32%
12%
32%
32%
34%
34%
35%
25%
32%
Net Profit
113
176
284
220
185
136
190
361
324
159
174
331
275
EPS in Rs
14.84
22.69
36.73
28.44
23.98
16.28
24.54
46.64
41.99
20.78
22.6
43.08
35.91
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,401
4,362
4,010
4,854
5,259
5,802
6,606
7,991
9,720
11,556
11,879
13,722
14,401
Expenses
2,948
3,816
3,284
4,064
4,420
4,556
5,022
6,478
8,393
9,485
9,845
11,344
12,067
Operating Profit
453
546
726
789
839
1,246
1,585
1,513
1,327
2,071
2,034
2,379
2,334
OPM %
13%
13%
18%
16%
16%
21%
24%
19%
14%
18%
17%
17%
16%
Other Income
67
50
79
110
76
53
67
112
75
129
269
142
130
Interest
229
305
303
284
261
276
253
270
312
453
459
424
430
Depreciation
146
197
217
231
241
288
306
342
462
573
601
653
673
PBT
144
94
286
383
412
734
1,093
1,013
628
1,174
1,242
1,444
1,361
Tax %
2%
41%
40%
25%
36%
34%
36%
33%
34%
33%
30%
32%
—
Net Profit
142
55
172
286
264
483
703
679
416
790
872
988
938
EPS in Rs
20.54
8.27
25.42
41.41
34.99
64.25
91.85
88.93
54.82
102
111
128
122
Div. Payout %
19%
48%
31%
24%
29%
12%
16%
17%
27%
20%
13%
16%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
70
70
70
70
77
77
77
77
77
77
77
77
Reserves
1,547
1,517
1,641
1,905
2,625
2,950
3,659
4,248
4,607
5,290
6,012
6,960
Borrowings
3,229
3,323
3,317
2,941
2,973
3,503
3,626
4,115
5,292
5,552
6,028
6,183
Other Liabilities
1,205
1,275
1,383
1,541
1,737
2,011
2,509
2,963
3,331
3,883
4,564
5,280
Total Liabilities
6,051
6,185
6,411
6,456
7,413
8,542
9,872
11,403
13,307
14,802
16,682
18,500
Fixed Assets
4,074
4,254
4,542
4,443
4,537
5,554
5,937
6,544
8,467
9,298
9,519
11,586
CWIP
337
321
127
104
574
530
509
1,032
592
464
1,317
1,055
Investments
37
79
80
119
438
46
142
216
92
377
601
447
Other Assets
1,603
1,532
1,662
1,789
1,863
2,412
3,283
3,612
4,155
4,662
5,244
5,412
Total Assets
6,051
6,185
6,411
6,456
7,413
8,542
9,872
11,403
13,307
14,802
16,682
18,500
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
256
580
772
883
704
1,367
1,593
878
1,377
1,959
1,939
1,873
Investing
-478
-408
-668
-79
-825
-1,483
-1,348
-984
-1,964
-1,626
-1,890
-1,667
Financing
230
-193
-346
-723
173
-108
-137
62
741
-416
74
-385
Net Cash Flow
8
-21
-242
81
52
-225
108
-44
154
-83
123
-178
Free Cash Flow
-291
199
388
739
73
124
834
-649
-226
792
241
-376
CFO/OP
63
112
115
125
96
122
113
72
116
102
105
88
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
19
18
18
18
18
17
20
20
18
18
24
20
Inventory Days
345
258
292
269
257
289
257
343
223
235
213
249
Days Payable
196
160
222
303
179
206
204
203
188
175
199
198
Cash Conversion Cycle
169
116
88
-17
96
100
73
159
53
78
38
71
Working Capital Days
-26
-33
-27
-21
-29
-14
-5
15
-4
-1
-23
-22
ROCE %
8%
8%
12%
14%
13%
17%
20%
17%
10%
16%
14%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Others2.06%Promot.45.66%Public11.70%FIIs16.86%DIIs23.73%As ofJun 2026

Documents

Frequently Asked Questions about JK Cement

What does J K Cements Ltd do?
The Company is engaged in the manufacturing and selling of Cement and Cement related products with over 4 decades of experience in cement manufacturing. It is an affiliate of the multi-disciplinary industrial conglomerate JK Organisation. [1]
Where is J K Cements Ltd (JKCEMENT) listed?
J K Cements Ltd trades as JKCEMENT on the NSE and under code 532644 on the BSE.
Which sector does J K Cements Ltd belong to?
J K Cements Ltd is classified under the Construction sector, in the Cement industry.
What is the market capitalisation of J K Cements Ltd?
J K Cements Ltd has a market capitalisation of ₹38,286 Cr, which places it in the Large Cap band.
What is the PE ratio of J K Cements Ltd?
J K Cements Ltd trades at a PE ratio of 40.47, on earnings per share of ₹111.1, against a book value of ₹910.76 per share.
What is the 52-week high and low of J K Cements Ltd?
Over the last 52 weeks J K Cements Ltd has traded between ₹4,671.5 and ₹6,764.5.
Does J K Cements Ltd pay dividends?
J K Cements Ltd has a dividend yield of 0.39%.
What is the Return on Equity (ROE) of J K Cements Ltd?
J K Cements Ltd reported a return on equity of 13.93%. Its debt-to-equity ratio is 0.88.

Company Information

The Company is engaged in the manufacturing and selling of Cement and Cement related products with over 4 decades of experience in cement manufacturing. It is an affiliate of the multi-disciplinary industrial conglomerate JK Organisation. [1]

Website jkcement.com
Listed 2006-03-14
Face Value ₹ 10
Issued Size 7,72,68,251

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