MarketFriction

J K Cements Ltd

NSE JKCEMENT · BSE 532644 · Cement & Cement Products
₹4,952.00 -2.44%
NSE close2026-10-01
52 week range4,671.50 - 6,764.50
Market cap₹37,278 Cr.
P/E38.2
Nifty 500Midcap 150 Price band 20% Delivery 84.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,7532,9353,1062,8082,5602,9303,5813,3533,0193,4633,8884,032
Expenses2,2862,3102,5462,3212,2762,4382,8162,6652,5732,9063,2053,384
Operating Profit467625560486284492765688447557682648
OPM %17%21%18%17%11%17%21%21%15%16%18%16%
Other Income2938554514045465651-24139
Interest11511411511012311211310910511398114
Depreciation141140153147146146162146149175182167
Profit before tax241409347273155279535489243268444406
Tax %27%31%37%32%12%32%32%34%34%35%25%32%
Net Profit176284220185136190361324159174331275
EPS in Rs22.6936.7328.4423.9816.2824.5446.6441.9920.7822.6043.0835.91
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,3624,0104,8545,2595,8026,6067,9919,72011,55611,87913,72214,401
Expenses3,8163,2844,0644,4204,5565,0226,4788,3939,4859,84511,34412,067
Operating Profit5467267898391,2461,5851,5131,3272,0712,0342,3792,334
OPM %13%18%16%16%21%24%19%14%18%17%17%16%
Other Income507911076536711275129269142130
Interest305303284261276253270312453459424430
Depreciation197217231241288306342462573601653673
Profit before tax942863834127341,0931,0136281,1741,2421,4441,361
Tax %41%40%25%36%34%36%33%34%33%30%32%
Net Profit55172286264483703679416790872988938
EPS in Rs8.2725.4241.4134.9964.2591.8588.9354.82102.35111.45128.45122.37
Dividend Payout %48%31%24%29%12%16%17%27%20%13%16%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth12%16%12%16%
Compounded Profit Growth33%7%33%6%
Stock Price CAGR19%9%15%-23%
Return on Equity15%15%15%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital707070707777777777777777
Reserves1,5471,5171,6411,9052,6252,9503,6594,2484,6075,2906,0126,960
Borrowings3,2293,3233,3172,9412,9733,5033,6264,1155,2925,5526,0286,183
Other Liabilities1,2051,2751,3831,5411,7372,0112,5092,9633,3313,8834,5645,280
Total Liabilities6,0516,1856,4116,4567,4138,5429,87211,40313,30714,80216,68218,500
Fixed Assets4,0744,2544,5424,4434,5375,5545,9376,5448,4679,2989,51911,586
CWIP3373211271045745305091,0325924641,3171,055
Investments3779801194384614221692377601447
Other Assets1,6031,5321,6621,7891,8632,4123,2833,6124,1554,6625,2445,412
Total Assets6,0516,1856,4116,4567,4138,5429,87211,40313,30714,80216,68218,500
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2565807728837041,3671,5938781,3771,9591,9391,873
Cash from Investing Activity-478-408-668-79-825-1,483-1,348-984-1,964-1,626-1,890-1,667
Cash from Financing Activity230-193-346-723173-108-13762741-41674-385
Net Cash Flow8-21-2428152-225108-44154-83123-178
Free Cash Flow-29119938873973124834-649-226792241-376
CFO/OP63%112%115%125%96%122%113%72%116%102%105%88%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days191818181817202018182420
Inventory Days345258292269257289257343223235213249
Days Payable196160222303179206204203188175199198
Cash Conversion Cycle16911688-17961007315953783871
Working Capital Days-26-33-27-21-29-14-515-4-1-23-22
ROCE %8%8%12%14%13%17%20%17%10%16%14%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters45.80%45.70%45.70%45.70%45.68%45.68%45.68%45.66%45.66%45.66%45.66%45.66%
FIIs14.40%15.25%15.92%17.71%17.55%16.88%16.14%17.56%18.57%17.89%16.86%16.85%
DIIs24.25%24.01%23.37%22.06%22.43%23.70%24.50%23.05%21.74%22.49%23.75%23.72%
Public15.54%15.00%14.99%14.52%14.32%13.73%13.68%13.72%14.02%13.94%13.73%13.76%
No. of Shareholders72,58268,18177,58079,16281,19674,52773,42876,42488,76783,05082,01680,353

Fundamentals

Market Cap₹ 37,278 Cr.
Current Price₹ 4,824
Stock P/E38.2
Book Value₹ 911
ROCE15.1 %
ROE15.6 %
Dividend Yield0.41 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)16%
Compounded Profit Growth (TTM)6%
Consolidated figures.
Valuation
Market capRs 38,263 Cr
Enterprise valueRs 43,977 Cr
P/E (TTM)40.47x
Price to book5.44x
Price to sales2.66x
EV / EBITDA17.85x
EV / EBIT24.56x
EV / sales3.05x
Price to cash flow20.43x
Earnings yield2.47%
Dividend yield0.40%
P/E, 3-year average41.21x
P/B, 3-year average5.90x
P/E, 5-year average40.86x
P/B, 5-year average5.37x
Profitability
Operating margin (excl. other income)17.33%
Operating margin (incl. other income)18.37%
EBITDA margin17.11%
Pre-tax margin9.45%
Net profit margin6.57%
Net margin, latest quarter6.88%
ROE15.12%
ROCE14.75%
ROA5.64%
ROE, 3-year average15.30%
ROCE, 3-year average15.03%
ROA, 3-year average5.58%
ROE, 5-year average14.47%
ROCE, 5-year average14.31%
ROA, 5-year average5.33%
ROIC (approx.)9.61%
Tax rate31.57%
Other income / net worth2.02%
Growth
Sales growth (latest year)15.52%
Profit growth (latest year)15.26%
Sales CAGR, 3 years12.18%
Sales CAGR, 5 years15.74%
Profit CAGR, 3 years32.82%
Profit CAGR, 5 years6.94%
Sales growth QoQ3.71%
Profit growth QoQ-16.65%
Sales growth YoY (latest quarter)20.26%
Profit growth YoY (latest quarter)-14.47%
Per share
EPS (TTM)Rs 122.37
EPS (latest year)Rs 128.45
EPS (latest quarter)Rs 35.91
EPS, 3-year averageRs 114.08
EPS, 5-year averageRs 97.20
Book value per shareRs 910.76
Sales per shareRs 1,863.83
Cash flow per shareRs 242.40
Free cash flow per shareRs -48.66
Dividend per share (latest year)Rs 20.00
Dividend per share, 3-year averageRs 18.33
Dividend per share, 5-year averageRs 17.00
Dividends
Dividend payout15.57%
Dividend payout, 3-year average16.19%
Dividend payout, 5-year average18.56%
Efficiency
Asset turnover0.74x
Fixed asset turnover1.18x
Inventory turnover5.92x
Inventory days62 days
Debtor days20 days
Debtors turnover18.05x
Creditor days198 days
Cash conversion cycle71 days
Working capital days-22 days
Leverage
Total debtRs 6,183 Cr
Cash and bankRs 469 Cr
Net debtRs 5,714 Cr
Debt to equity0.88x
Net debt / EBITDA2.32x
Interest coverage4.17x
Current ratio (filing 2026-03-31)0.93x
Quick ratio (filing 2026-03-31)0.59x
Trade payables (filing 2026-03-31)Rs 1,216 Cr
Owners' fund to total sources38.04%
Debt to assets33.42%
Cash flow
Cash from Operating Activity (latest year)Rs 1,873 Cr
Cash from Investing Activity (latest year)Rs -1,667 Cr
Cash from Financing Activity (latest year)Rs -385 Cr
Net Cash Flow (latest year)Rs -178 Cr
Free cash flow (latest year)Rs -376 Cr
FCFE (approx.: FCF + change in debt)Rs -221 Cr
Cash from ops / profit, 5 years2.14x
Sales to cash flow7.33x
Statement figures
Net sales (TTM)Rs 14,401 Cr
Net sales (latest year)Rs 13,722 Cr
Sales (latest quarter)Rs 4,032 Cr
Operating profit excl. other income (latest year)Rs 2,379 Cr
Operating profit (latest quarter)Rs 648 Cr
Other income (TTM)Rs 130 Cr
EBITDA (TTM)Rs 2,464 Cr
PBDT (TTM)Rs 2,034 Cr
Profit before tax (TTM)Rs 1,361 Cr
Tax (latest year)Rs 456 Cr
Net profit (TTM)Rs 946 Cr
Net profit (latest year)Rs 992 Cr
Net profit (latest quarter)Rs 277 Cr
Depreciation (TTM)Rs 673 Cr
Depreciation (latest quarter)Rs 167 Cr
Interest (TTM)Rs 430 Cr
Cost of goods sold (latest year)Rs 9,028 Cr
Total expenditure (latest year)Rs 11,344 Cr
Total income (latest year)Rs 13,865 Cr
Share capitalRs 77 Cr
ReservesRs 6,960 Cr
Shareholders' fundsRs 7,037 Cr
Total assetsRs 18,500 Cr
Net blockRs 11,586 Cr
Capital work in progressRs 1,055 Cr
InvestmentsRs 447 Cr
ReceivablesRs 760 Cr
InventoryRs 1,525 Cr
Other liabilitiesRs 5,280 Cr
Shares outstanding (crore)7.73
Ownership
Promoter holding45.66% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 40.5 is at the 52th percentile of its own 9.4-year range (median 39.7, low 17.9, high 82.4).
P/B 5.44 is at the 51th percentile (median 5.35).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodJKCEMENTNifty 50Difference
1 week-4.5%-2.8% -1.7 pts
1 month-2.5%-6.8% +4.3 pts
3 months-9.9%-7.6% -2.3 pts
6 months-2.5%+0.4% -2.9 pts
1 year-24.8%-9.9% -14.8 pts
2 years+3.5%-13.6% +17.1 pts
3 years+55.8%+14.2% +41.6 pts
5 years+54.3%+27.9% +26.4 pts
172 mutual fund schemes hold about ₹8,286 Cr. Over three months 24 bought more and 34 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Mid Cap Fund1.03%735 -41%
Axis Midcap Fund1.27%438 -1%
Canara Rob Large and Mid Cap Fund1.55%409 +0%
Invesco India Midcap Fund2.56%407 -8%
DSP Midcap Fund1.76%369 +0%
Kotak Large & Mid Cap Fund0.95%308 -3%
SBI Midcap Fund1.05%257 +3%
SBI Midcap Fund1.05%255 +3%
Nippon India Multi Cap Fund0.41%230 +2%
Invesco India Large & Mid Cap Fund1.70%200 -6%
UTI Mid Cap Fund1.56%200 +15%
Edelweiss Mid Cap Fund1.00%200 -7%
SBI Large & Midcap Fund0.46%195 +1%
PGIM India Midcap Fund1.65%185 +2%
Aditya Birla SL Midcap Fund2.53%176 -1%
Canara Rob Flexi Cap Fund1.26%172 +2%
Sundaram Mid Cap Fund1.15%171 -1%
Aditya Birla SL Midcap Fund2.53%170 -1%
Sundaram Mid Cap Fund1.15%167 -1%
Kotak Small Cap Fund0.81%160 -1%
Aditya Birla SL Large & Mid Cap Fund2.62%157 +1%
Nippon India Growth Mid Cap Fund0.30%155 -2%
Franklin India Mid Cap Fund0.98%128 -26%
Tata Mid Cap Fund1.94%121 +1%
Canara Rob Aggressive Hybrid Fund(M1.00%114 -3%

Red flags

F-score 8 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-03-19Nidhipati Singhania Family TrustPromoter Groupbuy100Rs 0.05 CrMarket Purchase
2026-03-19Raghavpat Singhania Family TrustPromoter Groupbuy100Rs 0.05 CrMarket Purchase
2026-03-19Madhavkrishna Singhania Family TruPromoter Groupbuy100Rs 0.05 CrMarket Purchase
2026-02-19KALPANA SINGHANIAPromoter Groupsell129Rs 0.08 CrMarket Sale
2026-02-18KALPANA SINGHANIAPromoter Groupsell5,000Rs 2.95 CrMarket Sale
2026-02-13KALPANA SINGHANIAPromoter Groupother1,000Gift
2026-02-13Nidhipati SinghaniaPromoter Groupother1,000Gift
2025-06-16KALPANA SINGHANIAPromoter Groupother1,000Gift
2025-02-05KALPANA SINGHANIAPromoter Groupsell5,775Rs 2.87 CrMarket Sale
2024-08-27KALPANA SINGHANIAPromoter Groupsell10,000Rs 4.50 CrMarket Sale
2024-07-30KALPANA SINGHANIAPromoter Groupsell5,000Rs 2.25 CrMarket Sale
2024-05-24Nidhipati SinghaniaPromoter Groupother1,000Inter-se-Transfer
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹4,032 Cr +20.3% vs Jun 2025. Net profit ₹275 Cr -15.1%.

Activity

Compare
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Dalmia Bharat Ltd30,71228.07.59 %
ACC Ltd22,58311.911.2 %
The Ramco Cements Ltd19,9491056.13 %
JSW Cement Ltd15,34919.511.1 %
Nuvoco Vistas Corporation Ltd11,79328.46.99 %
India Cements Ltd9,41269.71.24 %
Star Cement Ltd7,19819.016.6 %
Birla Corporation Ltd6,54511.79.78 %
JK Lakshmi Cement Ltd6,08515.812.0 %
Prism Johnson Ltd5,50046.95.92 %
HeidelbergCement India Ltd2,95124.314.7 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-10Dividend - Rs 20 Per Share
2025-07-08Annual General Meeting/Dividend - Rs 15 Per Share
2024-07-09Annual General Meeting/Dividend - Rs 15 Per Share/Special Dividend - Rs 5 Per Share
2023-08-01Annual General Meeting/Dividend - Rs 15 Per Share
2022-08-02Annual General Meeting/Dividend - Rs 15 Per Share
2021-08-03 Annual General Meeting/Dividend - Rs 15 Per Share
2020-08-03 Annual General Meeting
2020-03-11 Interim Dividend - Rs 7.5 Per Share
2019-07-23 Annual General Meeting/Dividend - Rs 10 Per Share
2018-07-17 Annual General Meeting / Dividend- Rs 10 Per Share
2017-07-18 Annual General Meeting/Dividend - Rs 8/- Per Share
2016-07-26 Annual General Meeting/ Dividend - Rs 4/- Per Share
2015-07-20Annual General Meeting/Dividend - Rs 4/- Per Share
2014-07-14Annual General Meeting / Dividiend - Rs 3/- Per Share
2013-07-15Annual General Meeting/Dividend Rs 6.50 Per Equity Share
2012-07-23Annual General Meeting And Dividend Rs.5/- Per Share
2011-07-18Annual General Meeting And Dividend Rs.2/- Per Share
2010-07-16Annual General Meeting And Final Dividend Rs.3.50 Per Share
2009-11-11Int Div-Rs.2.50 Per Share
2009-07-20Agm/Div-Rs.3.50 Per Share
2008-07-16Agm/Dividend-Rs.5 Per Sh
2007-08-14Agm/Div-Rs.3.50 Per Share
2006-07-19Agm/Div-Rs.1.50/- Per Sh
DateTypeWhat it says
2026-08-14Regulatory actionOrder received from ROC
2026-08-12General UpdatesGeneral Updates -Commissioning Of J.K. White Nathdwara, Rajasthan
2026-08-06Concall / analyst meetSchedule of meet
2026-07-29AcquisitionAcquisition
2026-07-21Concall / analyst meetTranscript
2026-07-20Concall / analyst meetLink of Recording
2026-07-18Investor PresentationInvestor Presentation
2026-07-18Board meeting outcomeOutcome of Board Meeting held on July 18, 2026.
2026-07-18Board meeting outcomeJK Cement Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-17Director changeChange in Director(s) of the company.
2026-07-17Shareholder meetingProceedings of Annual General Meeting held on July 17, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with v...
2026-07-15Concall / analyst meetSchedule of meet
2026-07-04General UpdatesGeneral Updates -Additional Commissioner (Appeals), SGST
2026-06-28General UpdatesGeneral Updates
2026-06-26UpdatesLetter to Shareholders whose email address are not registered providing Website Link of Integrated Annual Report.
2026-06-26Shareholder meetingNotice of Annual General Meeting to be held on July 17, 2026
2026-06-25UpdatesBusiness Responsibility and Sustainability Report.
2026-06-24General UpdatesGeneral Updates - Declaration of Preferred Bidder
2026-06-18UpdatesDispatch of Reminder Lettersto Shareholders holding equity shares in Physical Form for updation of PAN, KYC andNomination Details.
2026-06-17UpdatesShareholders Communication regarding Deduction of Tax at Source (TDS) on Dividend for FY 2025-26.
2026-06-16Record DateRecord date for the purpose of Dividend & Meeting is 10-Jul-2026.
2026-06-12Disclosure under SEBI TakeovYadu International Pvt. Ltd. has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-06-05General UpdatesExecution of mining lease of Mahan Coal mine.
2026-06-03General UpdatesGeneral Updates
2026-05-29UpdatesIntimation of Investor meet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-06-04NCLATJK Cement Limited VS Competition Commission of India & Another
2021-01-11NCLATJK Cement Limited VS Competition Commission of India & Another
2020-03-05NCLATJK Cement Limited VS Competition Commission of India & Another
2020-02-26CESTATJ K CEMENT WORKS ---VS.--- UDAIPUR
2020-02-26CESTATJ K CEMENT WORKS ---VS.--- UDAIPUR
2020-02-26CESTATJ K CEMENT WORKS ---VS.--- UDAIPUR
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03