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JK Cement Ltd (JKCEMENT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532644 NSE: JKCEMENT Cement & Construction Materials | Mid Cap | JK Cement Share Price

₹4,932.75 54.60 (1.12%)

As on 04-Jun'26 16:59

JK Cement Ltd (JKCEMENT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532644 NSE: JKCEMENT Cement & Construction Materials | Mid Cap | JK Cement Share Price

₹4,932.75 54.60 (1.12%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹38,115 Cr.
Current Price
₹4,932.8
52-Week Low / High
₹4,801 / 7,565
TTM EPS
₹133.7
TTM Sales
₹12,945 Cr.
Book Value per Share
₹900.9
P/E Ratio
36.88
Lower than its 5-year historical median
Industry PE
36.8
Price to Book (P/B)
5.48
Lower than its 5-year historical median
Price to Sales (P/S)
2.94
Lower than its 5-year historical median
EV/EBITDA
17.45
In line with its 5-year historical median
Dividend Yield
0.30%
Profitability Efficiency
Return on Equity (ROE)
15.24%
Outperforms industry median
Return on Capital Employed (ROCE)
15.08%
In line with industry median
Return on Assets (ROA)
5.68%
Operating Profit Margin
17.9%
Net Profit Margin
7.84%
Gross Profit Margin
13%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
1.6%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-1.36%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
4.74%
Asset Quality
Promoter Holding
45.66%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹6,883 Cr.
Equity
₹77.3 Cr.
Face Value
₹10
All Time Low / High
₹34.80 / 7565.00

JK Cement stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is JK Cement Ltd a good quality company?
JK Cement Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does JK Cement Ltd performance compare with that of its Peers?
Q.1 Revenue growth of JK Cement Ltd vs industry peers?
JK Cement Ltd revenue CAGR is 15.22%, compared to the industry median CAGR of 8.67%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of JK Cement Ltd?
Promoters hold 45.66% of the JK Cement Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of JK Cement Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 25.3% based on the current price.
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10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
JK Cement Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ9.6%13.5%15.2%14.3%15.7%19.3%17.1%11.9%16.4%15.1%-
Value Creation
Index ⓘ		-0.300.10.10.20.70.50.10.50.3-

Growth Parameters ⓘ
Sales ⓘ3,5553,7564,5914,9815,4646,3287,6799,31010,91811,09312,945
Sales YoY Gr.-5.6%22.3%8.5%9.7%15.8%21.3%21.3%17.3%1.6%-
Adj EPS ⓘ13.931.950.842.170.981.68466.2108.7107.5133.7
YoY Gr.-129.5%59.3%-17.1%68.5%15.2%2.9%-21.2%64.3%-1.1%-
BVPS (₹) ⓘ241.7267.6307.1374.4404.9483.1550.3600.5692.8785900.9
Adj Net
Profit ⓘ		97.12233553255486316495118408311,033
Cash Flow from Ops. ⓘ5897127907111,0991,5691,0091,4021,8952,049-
Debt/CF from Ops. ⓘ4.53.733.32.51.93.23.52.72.9-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ13.5%15.2%13.1%1.6%
Adj EPS ⓘ25.5%8.7%8.6%-1.1%
BVPSⓘ14%14.2%12.6%13.3%
Share Price 23.2% 11.7% 15.5% -13.7%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		5.812.517.712.918.218.416.311.516.814.615.9
Op. Profit
Mgn % ⓘ		14.618.516.616.322.224.719.714.318.517.918
Net Profit
Mgn % ⓘ		2.75.97.76.510108.55.57.77.58
Debt to
Equity ⓘ		1.61.41.10.80.90.80.81.1110.7
Working Cap
Days ⓘ		96918896109117106102959862
Cash Conv.
Cycle ⓘ		271349181516159104

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3,5553,7564,5914,9815,4646,3287,6799,31010,91811,093
Operating Expenses ⓘ + 3,0363,0693,8314,1714,2824,8146,1977,9908,9139,115
Manufacturing Costs1,0769981,2991,4781,4291,5602,1893,1403,2552,846
Material Costs6766357738388651,0531,2711,5441,7181,895
Employee Cost 235275325354391412504575710814
Other Costs ⓘ 1,0491,1611,4331,5021,5971,7892,2322,7313,2303,561
Operating Profit ⓘ 5206867618101,1821,5141,4821,3202,0051,978
Operating Profit Margin (%) 14.6%18.3%16.6%16.3%21.6%23.9%19.3%14.2%18.4%17.8%
Other Income ⓘ + 57107128808611314385135169
Exceptional Items ⓘ 0-19-170-178-167-1300-654
Interest ⓘ 271273245222223223249296437449
Depreciation ⓘ 164176186194214245282392486508
Profit Before Tax ⓘ 1423244404746529939647181,2121,243
Tax ⓘ 3911498149252390333215382373
Profit After Tax 103211342325400603631503831870
PAT Margin (%) 2.9%5.6%7.5%6.5%7.3%9.5%8.2%5.4%7.6%7.8%
Adjusted EPS (₹)14.830.148.942.151.878.081.665.1107.5112.6
Dividend Payout Ratio (%)27.10%26.50%20.50%23.80%14.50%19.20%18.40%23.10%18.60%13.30%

Valuation of JK Cement - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1,6901,8722,1472,8933,1293,7334,2524,6405,3536,065
Share Capital ⓘ 70707077777777777777
Reserves ⓘ 1,6201,8022,0772,8163,0523,6564,1744,5625,2765,988
Debt +2,4972,4502,1832,1162,4232,7872,8384,4804,7625,355
Long Term Debt2,3022,2822,0701,9562,2842,6722,4764,1014,1774,600
Short Term Debt195167114160139115363379585755
Minority Interest0000000000
Trade Payables281378643407453550669753758929
Others Liabilities ⓘ 1,0961,1441,1041,6342,0222,4062,5832,9513,4103,990
Total Liabilities ⓘ 5,5645,8436,0787,0518,0269,47610,34212,82314,28516,339

Fixed Assets

Net Fixed Assets ⓘ +3,5233,6803,5973,6354,4684,8095,3687,3018,0828,373
Gross Block4,5864,8864,9515,1776,1806,7207,4959,80110,99711,781
Accumulated Depreciation1,0641,2061,3551,5411,7121,9112,1282,4992,9163,409
CWIP ⓘ 15210588556509489715904151,309
Investments ⓘ 4375366351,0055668071,7451,0161,4801,839
Inventories4294985325586276871,1148641,068994
Trade Receivables166148188202223316398411460659
Cash Equivalents 3684275444306311,1622838137911,306
Others Assets ⓘ 4894494966651,0011,2081,3651,8291,9891,858
Total Assets ⓘ 5,5645,8436,0787,0518,0269,47610,34212,82314,28516,339

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 5897127907111,0991,5691,0091,4021,8952,049
PBT ⓘ 1423244404746529939647181,2121,243
Adjustment ⓘ 367439398373571576561601780734
Changes in Working Capital ⓘ 110955-3728196-30224654272
Tax Paid ⓘ -31-60-102-98-153-196-213-162-152-200
Cash Flow From Investing Activity ⓘ + -390-655-131-863-1,311-1,515-906-2,072-1,740-2,016
Capex -316-287-120-613-981-615-448-1,534-1,101-1,714
Net Investments -116-3176-208-278-819311-206-544-354
Others ⓘ 42-52-17-42-52-81-769-332-9553
Cash Flow From Financing Activity ⓘ + -215-302-59820711-6-123811-297122
Net Proceeds from Shares ⓘ 000504000000
Net Proceeds from Borrowing ⓘ 15028-235-41423244-11,20043552
Interest Paid ⓘ -265-269-241-218-224-221-247-278-420-433
Dividend Paid ⓘ -34-28-56-70-135-0-116-116-116-154
Others ⓘ -67-33-6532-52-292406196157
Net Cash Flow ⓘ -16-2466155-20148-19142-142155

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.1911.8417.0112.8913.317.5715.811.3116.6215.24
ROCE (%)9.6213.515.214.2715.7119.2917.0911.916.4215.08
Asset Turnover Ratio0.760.770.80.760.720.720.890.920.930.85
PAT to CFO Conversion(x)5.723.372.312.192.752.61.62.792.282.36
Working Capital Days
Receivable Days13.5013.1012.9014.3014.2015.6014.8013.8012.6015.60
Inventory Days41.5038.6039.5039.9039.6037.9037.4033.8027.8028.80
Payable Days125.10184240.90228.80181.40173.70175.10168.10160.60162.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

JK Cement Ltd FAQs

The current trading price of JK Cement on 04-Jun-2026 16:59 is ₹4,932.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of JK Cement stood at ₹38,114.5 Cr

The latest P/E ratio of JK Cement as of 03-Jun-2026 is 36.88.

The latest P/B ratio of JK Cement as of 03-Jun-2026 is 5.48.

The 52-week high of JK Cement is ₹7,565 and the 52-week low is ₹4,800.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JK Cement is ₹12,945 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that JK Cement Ltd is a average quality company.

The key valuation ratios of JK Cement Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of JK Cement Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About JK Cement Ltd

JK Cement is one of India’s leading manufacturers of Grey Cement and one of the leading White Cement manufacturers in the World. Over a period of many years, the Company has partnered with India's multi-sectoral infrastructure needs on the strength of its product excellence, customer orientation, and technology leadership. JK Cement is also a leading global manufacturer of white cement. It has emerged as a global cement leader with a presence in many countries and operations across various Indian states and Union territories, driven by strategic expansion, customer focus, and an unwavering commitment to quality, innovation, and industry leadership.

At JK Cement, the company is dedicated to delivering high-performance construction materials that not only meet industry standards for quality and durability but also support a low-carbon, resource-efficient future. The company is transforming its product portfolio to meet growing market demand for green building materials and contribute meaningfully to the transition towards sustainable infrastructure.

Business area of the company

JK Cement is engaged in the manufacturing and selling of Cement and allied products. The company’s diverse portfolio is designed to minimise environmental impact while ensuring affordability, responsible sourcing, and customer satisfaction, reflecting its commitment to a greener, more sustainable future in cement.

The company’s product portfolio 

  • Grey cement: The company offers range of premium grey cements that balance performance, durability and sustainability. 
  • White cement: White Cement offer dual virtues of strength & aesthetics along with expanding creative horizon of Construction Industry.
  • Wall putty: Its active polymer tech putties ensure smooth, durable finishes and protect against moisture.
  • Gypsum plaster and grouts: JK Cement's premium gypsum plaster offers dazzling whiteness, crack resistance and silky-smooth finish while grouts offer unmatched finishing.
  • Paints: JK Maxx Paints offers a wide range of coatings for homes, including interior and exterior paints for housing, furniture, and hygiene applications.

Brands

  • JK Super Protect
  • JK Super Cement - PPC
  • JK Super Strong
  • JKMaxx Paints
  • JKC WallMaxX
  • JKC WhiteMaxX
  • JKC ShieldMaxX
  • JKC LevelMaxX
  • JKC LevelMaxX Plus
  • JKC GypsoMaxX
  • JKTYLO
  • JKC Wood Amore
  • JKPROFIX

Awards and Recognitions

Financial Year 2019-2020

  • JK Cement SwachhAbility Run bags CSR Campaign of the year and Build Safe (JK Super Cement) awarded the Best Social Media Campaign at Realty Awards in association with IGBC
  • JK Cement Ltd. honored with the title of 'India's Best Company of the year 2017
  • Golden Peacock Eco-Innovation Award
  • Gold at ACEF for SwachhAbility Run
  • Gold at ACEF for 'Bal Sabha at Diggi Mela'
  • Five Star Rating by IBM for Mangrol Mines
  • Brand Revitalization Award by GMEA
  • Best Place to Work in Cement Industry by IHRC
  • 2nd prize for 'Best Energy Efficiency Organization' by CII
  • Certificate of Excellence Gotan
  • Certificate of Excellence Nimbahera
  • Dr.Gaur HariSinghania Chairman, JK Cement Ltd being honoured with Lifetime Achievement Award by Justice Virendra Jain

Financial Year 2020-2021

  • Brand of the Year' in the 'Cement & Concrete' segment at Realty+ Interior and Exterior Awards 2020.
  • Prestigious Brands of Asia 2019 Award at Global Business Symposium, Malaysia.
  • The Prestigious Super brand Award for JK Wall Putty and JK White Cement.
  • 'Top Rankers Excellence Award for Marketing Leadership' by Top Rankers Management Club.
  • 9th Global Customer Engagement Awards for the JK Cement WallMaxX TVC.
  • JK Super Cement recognized by the Madhya Pradesh Police for 'Best initiative for Improved Road Safety'.
  • GERA Excellence Award 2019 (Global Entrepreneurship Recognition Award) for Innovative CSR Best Practices.
  • JK Super Cement conferred with 'Safety Campaign of the Year' and 'Long-term Rural Engagement Program of the Year' at ACEF Asian Leaders Awards 2019.
  • JK Cement awarded with the Best Growth Performance in the Cement category at Dun & Bradstreet Corporate Awards 2019.
  • 'Great Place to Work 2020' certification.
  • Top Challengers 2020 award by Construction World Magazine Awards 2020.
  • Platinum Award from Apex India Foundation for Excellence in Occupational Health & Safety.
Financial Year 2021-2022

  • JK Cement is proud to be certified A GREAT PLACE TO WORK For the 3rd consecutive year
  • JK Cement is honoured to be recognised as the FASTEST GROWING CEMENT COMPANY By the 5th Indian Cement Review Awards 2021
  • JK Cement Works, Muddapur achieved State Level 1 ‘UNNATHA SURAKSHA PURASKARA’ Award - 2021 for Excellence in Safety
  • JK Cement Works Mangrol wins GOLD AWARD FOR OCCUPATIONAL HEALTH AND SAFETY by apex India safety award 2021
Financial Year 2022-2023

  • JK Cement received ‘The Economic Times Future Ready Organisations 2022’ award in the Large-Scale Category the Large-Scale Category the LargeScale Category.
  • JK Cement, Balasinor Received Occupational Health & Safety Award in 2022
  • JK Cement Works, Aligarh Received National Award for Excellence in Energy Management 2022
Financial Year 2023-2024

  • GreenCo Silver Award by the CII Sohrabji Godrej Green Business Centre
  • National Award to Nimbahera plant for Excellence in Energy Management 2023
  • Excellent Energy Efficient Award and National Energy Leader at the 23rd National Award for Excellence in Energy Management
  • Energy conservation -Excellence award from CII
  • National Leader In energy efficiency for the fourth consecutive time at the 24th National Award for Excellence in Energy Management conducted by CII
Financial Year 2024-2025

  • CII national Award for Excellence in Energy Management 2024.
  • India's Fastest Growing Cement Company in the Large Category at 8th India Cement Review Award
  • Great Place to Work - 6th time in a row
  • Best Energy Efficient Award to Nimbahera plant form Ministry of Power (BEE)
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