J K Cements Ltd
JKCEMENT NSE
J K Cements Ltd
CommoditiesNSE: JKCEMENT BSE: 532644 Cement & Cement Products
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]
AI Verdict: BUY Confidence: 6%
JK Cement commands strong analyst consensus with 82% buy ratings, backed by robust TTM profit growth of 29% and consistent 15% ROE over a decade. However, the premium valuation at 43.3x PE and 6.08x book value limits margin of safety, warranting a cautious accumulation approach.
Key Fundamentals
MidcapCementConstructionMarket Cap
₹43,305 Cr
Volatility
Moderate
P/E Ratio
43.42
EBITDA
₹2,327 Cr
Return on Equity
14.84%
Debt to Equity
1.01
Book Value
₹910.76
EPS
₹111.1
52W High
₹7,565.5
52W Low
₹4,671.5
Technical Indicators
Key Insights
Weaknesses
2- Stock is trading at 6.05 times its book value
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
13.86% ↗
Net Income Growth
27.00% ↘
Cash Flow Change
-1.01% ↘
ROE
-2.96% ↘
ROCE
-6.66% ↘
EBITDA Margin (Avg.)
-8.38% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoBUY
Risk medium
JK Cement commands strong analyst consensus with 82% buy ratings, backed by robust TTM profit growth of 29% and consistent 15% ROE over a decade. However, the premium valuation at 43.3x PE and 6.08x book value limits margin of safety, warranting a cautious accumulation approach.
Bull Case 8
- Overwhelming analyst consensus with 82.14% buy ratings (23 out of 28 analysts recommend buy)
- TTM compounded profit growth of 29% signals strong earnings momentum
- Consistent ROE of 15% maintained over 3, 5, and 10-year periods, improving to 16% last year
- 10-year stock CAGR of 24% demonstrates sustained long-term wealth creation
- Compounded sales growth of 16% TTM shows healthy demand and volume expansion
- 10-year compounded profit growth of 33% reflects strong operating leverage over cycles
- Market cap of Rs 42,652 Cr provides institutional-grade liquidity and index inclusion potential
- 3-year compounded profit growth of 33% indicates accelerating profitability trend
Bear Case 8
- Stock trades at 6.08x price-to-book value, significantly above cement sector average of 3-4x
- PE ratio of 43.3x is elevated for a commodity/cement business with cyclical earnings
- Negative 1-year stock CAGR of -3% shows recent price underperformance despite earnings growth
- Dividend yield of just 0.36% offers minimal income cushion during market downturns
- Company might be capitalizing interest costs, potentially overstating reported profitability
- 5-year compounded profit growth of only 7% reveals earnings volatility in medium-term cycles
- Only 14.29% hold and 3.57% sell ratings suggest limited contrarian downside analysis
- Cement sector is capital-intensive and margin-sensitive to fuel and raw material cost inflation
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 14h ago Positives 2
- Final dividend Rs 20/share Jun 16
JK Cement declared a final dividend of Rs 20 per share for FY26 with record date fixed as July 10, 2026, signaling healthy cash generation and shareholder returns.
- Captive coal mine secured Jun 8
JK Cement executed a mining lease for Mahan Underground Coal Mine in Madhya Pradesh, strengthening its captive fuel resource base and reducing dependence on external coal procurement for manufacturing operations.
Neutral 1
- Investor meets in June May 30
JK Cement scheduled institutional investor meetings on June 4 and June 9, 2026 in Mumbai. No unpublished price sensitive information will be shared.
TL;DR: JK Cement is demonstrating operational strength through shareholder-friendly capital allocation (Rs 20 dividend) and backward integration via captive coal mining. No visible headwinds in recent news flow. The company appears to be in a steady execution phase with proactive investor engagement, suggesting management confidence in near-term outlook.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,778 | 2,763 | 2,753 | 2,935 | 3,106 | 2,808 | 2,560 | 2,930 | 3,581 | 3,353 | 3,019 | 3,463 | 3,888 |
| Expenses | 2,428 | 2,355 | 2,286 | 2,310 | 2,546 | 2,321 | 2,276 | 2,438 | 2,816 | 2,665 | 2,573 | 2,906 | 3,205 |
| Operating Profit | 350 | 408 | 467 | 625 | 560 | 486 | 284 | 492 | 765 | 688 | 447 | 557 | 682 |
| OPM % | 13% | 15% | 17% | 21% | 18% | 17% | 11% | 17% | 21% | 21% | 15% | 16% | 18% |
| Other Income | 38 | 17 | 29 | 38 | 55 | 45 | 140 | 45 | 46 | 56 | 51 | -2 | 41 |
| Interest | 101 | 109 | 115 | 114 | 115 | 110 | 123 | 112 | 113 | 109 | 105 | 113 | 98 |
| Depreciation | 132 | 135 | 141 | 140 | 153 | 147 | 146 | 146 | 162 | 146 | 149 | 175 | 182 |
| PBT | 154 | 181 | 241 | 409 | 347 | 273 | 155 | 279 | 535 | 489 | 243 | 268 | 444 |
| Tax % | 31% | 37% | 27% | 31% | 37% | 32% | 12% | 32% | 32% | 34% | 34% | 35% | 25% |
| Net Profit | 107 | 113 | 176 | 284 | 220 | 185 | 136 | 190 | 361 | 324 | 159 | 174 | 331 |
| EPS in Rs | 14.17 | 14.84 | 22.69 | 36.73 | 28.44 | 23.98 | 16.28 | 24.54 | 46.64 | 41.99 | 20.78 | 22.6 | 43.08 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Expenses | 2,948 | 3,816 | 3,284 | 4,064 | 4,420 | 4,556 | 5,022 | 6,478 | 8,393 | 9,485 | 9,845 | 11,348 |
| Operating Profit | 453 | 546 | 726 | 789 | 839 | 1,246 | 1,585 | 1,513 | 1,327 | 2,071 | 2,034 | 2,374 |
| OPM % | 13% | 13% | 18% | 16% | 16% | 21% | 24% | 19% | 14% | 18% | 17% | 17% |
| Other Income | 67 | 50 | 79 | 110 | 76 | 53 | 67 | 112 | 75 | 129 | 269 | 147 |
| Interest | 229 | 305 | 303 | 284 | 261 | 276 | 253 | 270 | 312 | 453 | 459 | 424 |
| Depreciation | 146 | 197 | 217 | 231 | 241 | 288 | 306 | 342 | 462 | 573 | 601 | 653 |
| PBT | 144 | 94 | 286 | 383 | 412 | 734 | 1,093 | 1,013 | 628 | 1,174 | 1,242 | 1,444 |
| 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 |
| EPS in Rs | 20.54 | 8.27 | 25.42 | 41.41 | 34.99 | 64.25 | 91.85 | 88.93 | 54.82 | 102 | 111 | 128 |
| Div. Payout % | 19% | 48% | 31% | 24% | 29% | 12% | 16% | 17% | 27% | 20% | 13% | 16% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 5,549 | 6,028 | 6,183 |
| Other Liabilities | 1,205 | 1,275 | 1,383 | 1,541 | 1,737 | 2,011 | 2,509 | 2,963 | 3,331 | 3,886 | 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 | 11,587 |
| CWIP | 337 | 321 | 127 | 104 | 574 | 530 | 509 | 1,032 | 592 | 464 | 1,317 | 1,053 |
| Investments | 37 | 79 | 80 | 119 | 438 | 46 | 142 | 216 | 92 | 368 | 601 | 447 |
| Other Assets | 1,603 | 1,532 | 1,662 | 1,789 | 1,863 | 2,412 | 3,283 | 3,612 | 4,155 | 4,672 | 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 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | -1,745 |
| 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 | -257 |
| 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 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 185 | 199 | 198 |
| Cash Conversion Cycle | 169 | 116 | 88 | -17 | 96 | 100 | 73 | 159 | 53 | 68 | 38 | 71 |
| Working Capital Days | -26 | -33 | -27 | -21 | -29 | -14 | -5 | 15 | -4 | 2 | -23 | -21 |
| ROCE % | 8% | 8% | 12% | 14% | 13% | 17% | 20% | 17% | 10% | 16% | 14% | 15% |
Documents
1
Newspaper Advertisement Regarding The Notice Of Special Window For Transfer And Dematerialization Of Physical Securities.
28 Apr - Newspaper ad on special window for transfer and dematerialisation of physical securities, open till 4 February 2027. 28 Apr - Newspaper ad on special window for transfer and dematerialisation of physical securities, open till 4 February 2027.
2
Newspaper Advertisement- Communication To Shareholders Regarding Launch Of Second 100-Day Campaign - Saksham Niveshak
28 Apr - Second Saksham Niveshak campaign runs April 1-July 9, 2026 for KYC, bank mandate and nominee updates. 28 Apr - Second Saksham Niveshak campaign runs April 1-July 9, 2026 for KYC, bank mandate and nominee updates.
3
Announcement under Regulation 30 (LODR)-Acquisition
29 Apr - JK Cement invested Rs2.81 crore for 26% in Truere Current Private Limited for a 40 MWp solar project. 29 Apr - JK Cement invested Rs2.81 crore for 26% in Truere Current Private Limited for a 40 MWp solar project.
4
Announcement under Regulation 30 (LODR)-Acquisition
29 Apr - Invested Rs2.81 crore for 26% stake in Truere Current Private, supporting 40 MWp solar supply. 29 Apr - Invested Rs2.81 crore for 26% stake in Truere Current Private, supporting 40 MWp solar supply.
5
Announcement under Regulation 30 (LODR)-Acquisition
27 Apr - Invested Rs 4.22 crore for 26% stake in Truere Guj SPV, supporting 70 MWp solar project. 27 Apr - Invested Rs 4.22 crore for 26% stake in Truere Guj SPV, supporting 70 MWp solar project.
Frequently Asked Questions about J K Cements Ltd
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 is listed on the Indian stock exchanges. It is listed on NSE: JKCEMENT and BSE: 532644. You can view its live share price, financials, and ratios on Tapetide.
Which sector does J K Cements Ltd belong to?
J K Cements Ltd operates in the Commodities sector within the Cement & Cement Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of J K Cements Ltd?
J K Cements Ltd has a market capitalisation of approximately ₹43304.99 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of J K Cements Ltd?
The Price-to-Earnings (PE) ratio of J K Cements Ltd is 43.42. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of J K Cements Ltd?
Over the past 52 weeks, J K Cements Ltd has traded between a low of ₹4,671.5 and a high of ₹7,565.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does J K Cements Ltd pay dividends?
Yes, J K Cements Ltd has a dividend yield of 0.36%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of J K Cements Ltd?
J K Cements Ltd has a Return on Equity (ROE) of 14.84%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research J K Cements Ltd on Tapetide?
On Tapetide, you can view J K Cements Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
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]