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JK Cement

J K Cements Ltd

JKCEMENT NSE
₹5,076.30 −8.30 (−0.16%)
P/E
41.48
View as Markdown
MCP
Close 4 Nov 2026 ₹5,076.30 −625.70 −11.0% 1Y
Start ₹5,702.00

Key Fundamentals

MidcapCement & Cement ProductsConstruction Materials

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
15.10%
Debt to Equity
0.88
EPS (TTM)
₹122.37
Book Value
₹950.63
Market Cap
—
P/E (TTM)
41.48
P/B
5.34
ROE
15.60%
Dividend Yield
0.39%
EBITDA
₹2,569 Cr
52W High
₹6,105.00
52W Low
₹4,671.50
Day Range
₹5,043.20 – ₹5,160.00
Volume
43,757

Peer Comparison

Commodities › Construction › Cement › Cement & Cement Products

JK Cement peer comparison
UltraTech Cement
₹11,816.0039.56₹3,46,219 Cr4.732.05%11.10%12.70%₹95,572 Cr₹8,834 Cr
Grasim Industries
₹3,138.0037.92₹2,11,790 Cr2.050.32%4.98%8.01%₹1,84,029 Cr₹11,261 Cr
Ambuja Cements
₹375.9521.09₹92,920 Cr1.570.54%8.85%5.61%₹39,867 Cr₹5,222 Cr
Shree Cement
₹24,175.0053.51₹86,846 Cr3.660.63%7.51%10.30%₹21,896 Cr₹1,637 Cr
JK Cement (this company)
₹5,076.3041.48₹39,409 Cr5.340.39%15.60%15.10%₹14,401 Cr₹939 Cr
Dalmia Bharat
₹1,407.0028.29₹26,437 Cr1.480.29%6.11%7.59%₹15,058 Cr₹953 Cr
ACC
₹1,185.3011.66₹22,384 Cr1.080.64%10.90%11.20%₹25,442 Cr₹1,908 Cr
Median 7 companies₹3,138.0037.92₹86,846 Cr2.050.54%8.85%10.30%₹25,442 Cr₹1,908 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

44 Weak

Data confidence 100/100

Category scores

Quality
51
Average
Returns, margins, earnings quality 22% weight
Valuation
40
Weak
Cheap vs sector & own history 24% weight
Growth
63
Good
Sales & profit trajectory 9% weight
Financial Health
24
Poor
Solvency, leverage, coverage 9% weight
Momentum
30
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

2
  • Stock is trading at 5.41 times its book value
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish658
OscillatorsNeutral252
Moving AveragesStrong Bullish406

Key readings

RSI (14)
56.03
Neutral
MACD (12,26,9)
−5.91
Bullish
SMA (50)
4,988.21
Bullish
SMA (200)
5,328.14
Bearish

As of

Analyst Rating

Based on 28 analysts
BUY82%

23 of 28 analysts rate Buy, 4 Hold, 1 Sell.

As of

BUY
23
82%
HOLD
4
14%
SELL
1
4%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.14%
5Y+15.74%
3Y+12.18%
1Y+15.51%
TTM+15.92%

Net profit

Net profit growth by window
10Y+33.49%
5Y+7.04%
3Y+33.42%
1Y+13.30%
TTM−7.12%

Operating cash flow

Operating cash flow growth by window
10Y+12.44%
5Y+3.29%
3Y+10.80%
1Y−3.40%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+4.82 pp
5Y−6.65 pp
3Y+3.69 pp
1Y+0.22 pp
TTM−1.73 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹4,010 Cr
Mar 2018₹4,854 Cr
Mar 2019₹5,259 Cr
Mar 2020₹5,802 Cr
Mar 2021₹6,606 Cr
Mar 2022₹7,991 Cr
Mar 2023₹9,720 Cr
Mar 2024₹11,556 Cr
Mar 2025₹11,879 Cr
Mar 2026₹13,722 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹172 Cr
Mar 2018₹286 Cr
Mar 2019₹264 Cr
Mar 2020₹483 Cr
Mar 2021₹703 Cr
Mar 2022₹679 Cr
Mar 2023₹416 Cr
Mar 2024₹790 Cr
Mar 2025₹872 Cr
Mar 2026₹988 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹662 Cr +21.4% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk medium

J K Cement Ltd trades at ₹4,895.9 as of 2026-11-02 with a market cap of ₹37,721.59 crore. The company carries a PE of 40.01x and a price-to-book of 5.15x, while its 10-year compounded sales growth stands at 12% and 10-year compounded profit growth at 33%. The stock sits roughly 20% below its 52-week high of ₹6,105.

Bull Case 7
  • Strong long-term profit compounding: 10-year compounded profit growth of 33% demonstrates sustained earnings expansion over a full business cycle
  • Consistent return on equity: ROE has remained steady at 15% over 3-year, 5-year and 10-year periods, with the last year ticking up to 16%, indicating disciplined capital allocation
  • Healthy sales trajectory: 10-year compounded sales growth of 12% and TTM sales growth of 16% suggest the company continues to gain market share or benefit from volume and price expansion
  • Improving recent revenue momentum: TTM sales growth of 16% exceeds the 10-year CAGR of 12%, pointing to an acceleration in top-line performance
  • ROCE of 13.32% remains above typical cost-of-debt levels in India, suggesting the company generates economic value on its deployed capital
  • The stock is approximately 20% below its 52-week high of ₹6,105, which may reflect a more accessible entry zone compared to peak valuations
  • 10-year stock CAGR of 18% shows the company has delivered meaningful long-term wealth creation for shareholders over a decade
Bear Case 7
  • High price-to-book of 5.15x (flagged at 5.41x on certain accounting bases) indicates the stock prices in significant future growth that may or may not materialise
  • Potential interest cost capitalisation: if the company is capitalising interest costs, reported profits and return metrics may overstate true operating profitability
  • Debt-to-equity ratio of 0.88 is relatively elevated for a cement company, increasing financial risk during cyclical downturns or periods of rising interest rates
  • Sharp TTM profit growth deceleration to 6% versus the 3-year CAGR of 33% signals margin pressure or rising costs that are compressing earnings growth
  • Negative 1-year stock CAGR of -24% indicates significant recent underperformance and potential loss of market confidence
  • Modest dividend yield of 0.42% offers minimal income cushion, meaning total returns are almost entirely dependent on capital appreciation
  • 5-year compounded profit growth of only 7% contrasts sharply with the 10-year figure of 33%, suggesting the more recent half-decade has seen materially weaker profitability trends

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

AI News Digest

9h ago

TL;DR: A quiet period for JK Cement with only minor housekeeping developments. A mutual fund trimmed its stake by roughly 0.39 percentage points, which is modest and not necessarily a directional signal. The ₹2.64 lakh ROC fine is negligible relative to the company's scale. With no material operational or earnings news, the near-term outlook hinges on upcoming quarterly results and broader cement demand trends.

Neutral 2
  • Kotak MF cuts stake to 2.80% Oct 6

    Kotak Mahindra Mutual Fund sold 304,671 shares on October 1, 2026, reducing its holding from 3.1935% to 2.7992% via open market transactions.

  • ROC fine for filing delay Oct 6

    JK Cement received a penalty of ₹2.64 lakh from the Registrar of Companies for delays in filing Significant Beneficial Owner forms.

Quarterly Results

₹ Cr
JKCEMENT quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 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
3,733
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
3,226
Operating Profit
408
467
625
560
486
284
492
765
688
447
557
682
648
507
OPM %
15%
17%
21%
18%
17%
11%
17%
21%
21%
15%
16%
18%
16%
14%
Other Income
17
29
38
55
45
140
45
46
56
51
−2
41
39
38
Interest
109
115
114
115
110
123
112
113
109
105
113
98
114
120
Depreciation
135
137
140
153
147
146
146
162
146
149
175
182
167
170
PBT
181
244
409
347
273
155
279
535
489
243
268
444
406
256
Tax %
37%
27%
31%
37%
32%
12%
32%
32%
34%
34%
35%
25%
32%
34%
Net Profit
113
178
284
220
185
136
190
361
324
159
174
331
275
169
EPS (₹)
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
—

Sep 2026: from the results filed on 24 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
JKCEMENT profit and loss, annual, ₹ crore
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 (₹)
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%
—

Balance Sheet

₹ Cr
JKCEMENT balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
JKCEMENT cash flow, annual, ₹ crore
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/EBITDA
63
112
115
125
96
122
113
72
116
102
105
88

Ratios

JKCEMENT financial ratios, annual
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

Log in to view JK Cement insights

73 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 45.66%
  • DIIs 22.33%
  • FIIs 18.35%
  • Public 11.71%
  • Others 1.95%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

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.
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 PE ratio of J K Cements Ltd?
J K Cements Ltd trades at a PE ratio of 41.48 as of 4 Nov 2026, on earnings per share of ₹122.37, against a book value of ₹950.63 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 ₹6,105 as of 4 Nov 2026.
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 15.60%. 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.

Website jkcement.com
Listed 14 Mar 2006
Face Value ₹10

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