Price
Financials
Consolidated, Rs crore| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,447 | 1,224 | 1,433 | 1,709 | 1,560 | 1,436 | 1,621 | 1,895 | 1,896 |
| Expenses | 1,279 | 1,139 | 1,317 | 1,469 | 1,237 | 1,169 | 1,336 | 1,530 | 1,598 |
| Operating Profit | 168 | 84 | 116 | 240 | 323 | 268 | 285 | 365 | 299 |
| OPM % | 12% | 7% | 8% | 14% | 21% | 19% | 18% | 19% | 16% |
| Other Income | 24 | 27 | 28 | 28 | -1,444 | 34 | 67 | 22 | 86 |
| Interest | 110 | 109 | 116 | 114 | 102 | 100 | 87 | 89 | 97 |
| Depreciation | 74 | 77 | 81 | 79 | 78 | 80 | 81 | 84 | 98 |
| Profit before tax | 8 | -75 | -53 | 76 | -1,302 | 121 | 184 | 215 | 190 |
| Tax % | 394% | 2% | 51% | 79% | 5% | 38% | 29% | -68% | 19% |
| Net Profit | -24 | -76 | -80 | 16 | -1,366 | 75 | 131 | 362 | 153 |
| EPS in Rs | -0.15 | -0.63 | -0.68 | 0.34 | -13.31 | 0.63 | 1.04 | 2.72 | 1.18 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,897 | 3,853 | 4,634 | 5,810 | 6,002 | 5,785 | 6,501 | 6,849 |
| Expenses | 2,294 | 3,024 | 3,878 | 5,147 | 5,149 | 5,169 | 5,259 | 5,633 |
| Operating Profit | 603 | 829 | 756 | 663 | 853 | 617 | 1,242 | 1,216 |
| OPM % | 21% | 22% | 16% | 11% | 14% | 11% | 19% | 18% |
| Other Income | 39 | 20 | 195 | 145 | 85 | 100 | -1,323 | 209 |
| Interest | 268 | 291 | 315 | 310 | 435 | 450 | 378 | 373 |
| Depreciation | 145 | 179 | 238 | 373 | 278 | 310 | 322 | 342 |
| Profit before tax | 230 | 379 | 398 | 125 | 224 | -44 | -781 | 711 |
| Tax % | 33% | 34% | 41% | 17% | 72% | 275% | 2% | |
| Net Profit | 154 | 250 | 233 | 104 | 62 | -164 | -799 | 721 |
| EPS in Rs | 1.56 | 2.53 | 2.48 | 1.39 | 0.91 | -1.12 | -5.55 | 5.57 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | -89% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 11% | 4% | 16% | ||
| Compounded Profit Growth | % | 19% | 68% | 1332% | ||
| Stock Price CAGR | % | % | % | -18% | ||
| Return on Equity | % | 8% | 7% | 15% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 986 | 986 | 986 | 986 | 986 | 986 | 1,341 |
| Reserves | 540 | 839 | 1,144 | 1,306 | 1,478 | 1,366 | 5,209 |
| Borrowings | 2,969 | 3,189 | 4,622 | 5,641 | 6,254 | 6,563 | 4,464 |
| Other Liabilities | 1,675 | 1,895 | 2,468 | 2,203 | 2,498 | 2,966 | 3,370 |
| Total Liabilities | 6,169 | 6,909 | 9,221 | 10,136 | 11,216 | 11,881 | 14,385 |
| Fixed Assets | 3,293 | 4,224 | 4,573 | 4,645 | 6,189 | 6,785 | 8,480 |
| CWIP | 920 | 294 | 876 | 1,591 | 770 | 1,038 | 976 |
| Investments | 320 | 354 | 484 | 714 | 759 | 345 | 290 |
| Other Assets | 1,636 | 2,036 | 3,288 | 3,186 | 3,498 | 3,714 | 4,639 |
| Total Assets | 6,169 | 6,909 | 9,221 | 10,136 | 11,216 | 11,881 | 14,385 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 723 | 783 | 339 | 653 | 1,408 | 737 | 1,170 |
| Cash from Investing Activity | -765 | -686 | -1,530 | -1,808 | -1,120 | -558 | -1,649 |
| Cash from Financing Activity | 119 | -95 | 1,260 | 1,041 | -221 | -232 | 861 |
| Net Cash Flow | 77 | 1 | 69 | -114 | 67 | -53 | 382 |
| Free Cash Flow | 169 | 170 | -715 | -979 | 476 | -409 | -791 |
| CFO/OP | 127% | 101% | 54% | 115% | 177% | 125% | 95% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 53 | 59 | 60 | 45 | 48 | 49 | 48 |
| Inventory Days | 261 | 128 | 143 | 104 | 132 | 105 | 132 |
| Days Payable | 448 | 334 | 336 | 253 | 339 | 305 | 317 |
| Cash Conversion Cycle | -134 | -147 | -133 | -103 | -159 | -150 | -136 |
| Working Capital Days | -115 | -106 | -24 | -29 | -116 | -95 | -90 |
| ROCE % | 15% | 12% | 6% | 8% | 5% | 11% |
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters | 72.34% | 72.34% | 72.04% | 72.02% |
| FIIs | 4.13% | 3.03% | 2.93% | 3.70% |
| DIIs | 7.87% | 8.09% | 8.74% | 11.49% |
| Public | 13.52% | 14.73% | 14.67% | 11.83% |
| Others | 2.13% | 1.82% | 1.62% | 0.95% |
| No. of Shareholders | 4,70,517 | 4,60,430 | 4,42,053 | 4,42,995 |
Fundamentals
Market Cap₹ 15,349 Cr.
Current Price₹ 113
Stock P/E19.5
Book Value₹ 48.0
ROCE11.1 %
ROE14.7 %
Dividend Yield0.44 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)16%
Compounded Profit Growth (TTM)1332%
Consolidated figures.
Valuation
Market capRs 11,008 Cr
Enterprise valueRs 16,594 Cr
Price to book4.80x
Price to sales1.69x
EV / sales2.55x
Price to cash flow16.85x
Earnings yield-6.87%
Dividend yield0.00%
Profitability
Operating margin (excl. other income)11.42%
Operating margin (incl. other income)13.91%
EBITDA margin-1.24%
Pre-tax margin-12.00%
Net profit margin-11.61%
Net margin, latest quarter19.60%
ROE6.19%
ROCE5.93%
ROA1.41%
ROE, 3-year average11.15%
ROCE, 3-year average10.71%
ROA, 3-year average2.75%
ROIC (approx.)-4.27%
Tax rate16.67%
Other income / net worth6.33%
Growth
Sales growth (latest year)25.36%
Profit growth (latest year)-44.01%
Sales CAGR, 3 years26.11%
Profit CAGR, 3 years-3.94%
Sales growth QoQ16.89%
Profit growth QoQ161.33%
Sales growth YoY (latest quarter)10.86%
Profit growth YoY (latest quarter)985.13%
Per share
EPS (TTM)Rs -7.67
EPS (latest year)Rs 1.39
EPS (latest quarter)Rs 3.76
EPS, 3-year averageRs 2.13
Book value per shareRs 23.24
Sales per shareRs 66.03
Cash flow per shareRs 6.62
Free cash flow per shareRs -8.02
Dividend per share (latest year)Rs 0.00
Dividend per share, 3-year averageRs 0.00
Dividends
Dividend payout0.07%
Dividend payout, 3-year average0.07%
Efficiency
Asset turnover0.57x
Fixed asset turnover1.25x
Inventory turnover9.68x
Inventory days38 days
Debtor days45 days
Debtors turnover8.17x
Creditor days317 days
Cash conversion cycle-136 days
Working capital days-90 days
Leverage
Total debtRs 5,641 Cr
Cash and bankRs 55 Cr
Net debtRs 5,586 Cr
Debt to equity2.46x
Interest coverage-1.07x
Current ratio (filing 2026-03-31)0.72x
Quick ratio (filing 2026-03-31)0.57x
Trade payables (filing 2026-03-31)Rs 1,439 Cr
Owners' fund to total sources22.61%
Debt to assets55.66%
Cash flow
Cash from Operating Activity (latest year)Rs 653 Cr
Cash from Investing Activity (latest year)Rs -1,808 Cr
Cash from Financing Activity (latest year)Rs 1,041 Cr
Net Cash Flow (latest year)Rs -114 Cr
Free cash flow (latest year)Rs -791 Cr
FCFE (approx.: FCF + change in debt)Rs 228 Cr
Sales to cash flow8.89x
Statement figures
Net sales (TTM)Rs 6,512 Cr
Net sales (latest year)Rs 5,810 Cr
Sales (latest quarter)Rs 1,895 Cr
Operating profit excl. other income (latest year)Rs 663 Cr
Operating profit (latest quarter)Rs 365 Cr
Other income (TTM)Rs -1,321 Cr
EBITDA (TTM)Rs -81 Cr
PBDT (TTM)Rs -459 Cr
Profit before tax (TTM)Rs -781 Cr
Tax (latest year)Rs 21 Cr
Net profit (TTM)Rs -756 Cr
Net profit (latest year)Rs 137 Cr
Net profit (latest quarter)Rs 371 Cr
Depreciation (TTM)Rs 322 Cr
Depreciation (latest quarter)Rs 84 Cr
Interest (TTM)Rs 378 Cr
Cost of goods sold (latest year)Rs 4,340 Cr
Total expenditure (latest year)Rs 5,147 Cr
Total income (latest year)Rs 5,955 Cr
Share capitalRs 986 Cr
ReservesRs 1,306 Cr
Shareholders' fundsRs 2,292 Cr
Total assetsRs 10,136 Cr
Net blockRs 4,645 Cr
Capital work in progressRs 1,591 Cr
InvestmentsRs 714 Cr
ReceivablesRs 711 Cr
InventoryRs 448 Cr
Other liabilitiesRs 2,203 Cr
Shares outstanding (crore)98.64
Ownership
Promoter holding72.02%
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | JSWCEMENT | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.6% | -2.8% | -0.8 pts |
| 1 month | -10.5% | -6.8% | -3.7 pts |
| 3 months | -18.3% | -7.6% | -10.7 pts |
| 6 months | +1.3% | +0.4% | +0.9 pts |
| 1 year | -22.4% | -9.9% | -12.5 pts |
85 mutual fund schemes hold about ₹2,195 Cr.
Over three months 71 bought more and 8 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Nippon India Small Cap Fund | 0.31% | 255 | +74% |
| SBI Multicap Fund | 1.03% | 252 | +10% |
| SBI ELSS Tax Saver Fund | 0.46% | 146 | +15% |
| ICICI Pru Aggressive Hybrid Fund(A | 0.21% | 109 | +55% |
| SBI Flexicap Fund | 0.46% | 107 | +9% |
| SBI ESG Exclusionary Strategy Fund | 1.88% | 101 | +51% |
| ICICI Pru Small Cap Fund | 0.96% | 94 | +83% |
| Bandhan Small Cap Fund | 0.28% | 94 | -5% |
| ICICI Pru Small Cap Fund | 0.96% | 92 | +83% |
| Nippon India Power & Infra Fund | 0.99% | 79 | +27% |
| ICICI Pru Manufacturing Fund | 0.99% | 71 | +9% |
| Edelweiss Small Cap Fund | 0.94% | 68 | +4% |
| Aditya Birla SL Midcap Fund | 0.93% | 64 | +9% |
| SBI Infrastructure Fund | 1.31% | 63 | +15% |
| Aditya Birla SL Midcap Fund | 0.93% | 62 | +9% |
| SBI Retirement Benefit Fund-Aggressive Plan | 1.83% | 59 | +10% |
| Tata Aggressive Hybrid Fund | 1.37% | 56 | +7% |
| Tata Large Cap Fund | 1.56% | 43 | +13% |
| WOC Flexi Cap Fund | 0.47% | 43 | +2% |
| Bajaj Finserv Flexi Cap Fund | 0.46% | 38 | +29% |
| SBI Comma Fund | 2.27% | 28 | +6% |
| SBI Retirement Benefit Fund-Aggressive Hybrid Plan | 1.52% | 25 | +10% |
| WOC Mid Cap Fund | 0.31% | 23 | +26% |
| HDFC Infrastructure Fund | 1.00% | 23 | +99% |
| Bajaj Finserv Large & Mid Cap Fund | 0.69% | 17 | +12% |
Red flags
F-score 5 of 8| explain | Low interest cover Interest cover 1.4x in 2026 |
| look | Profit leans on other income Other income was 116% of pre-tax profit in 2026 |
| look | Regulator order or action Regulator order or action 2026-03-27: JSW Cement Limited has informed the Exchange about Action(s) taken or orders passed |
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.
Latest quarter
Jun 2026Sales ₹1,896 Cr +21.5% vs Jun 2025.
Net profit ₹153 Cr +111.2%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| UltraTech Cement Ltd | 319,108 | 37.0 | 12.7 % |
| Grasim Industries Ltd | 210,966 | 36.8 | 8.01 % |
| Ambuja Cements Ltd | 90,882 | 19.3 | 5.61 % |
| Shree Cement Ltd | 79,017 | 48.5 | 10.3 % |
| J K Cements Ltd | 37,278 | 38.2 | 15.1 % |
| Dalmia Bharat Ltd | 30,712 | 28.0 | 7.59 % |
| ACC Ltd | 22,583 | 11.9 | 11.2 % |
| The Ramco Cements Ltd | 19,949 | 105 | 6.13 % |
| Nuvoco Vistas Corporation Ltd | 11,793 | 28.4 | 6.99 % |
| India Cements Ltd | 9,412 | 69.7 | 1.24 % |
| Star Cement Ltd | 7,198 | 19.0 | 16.6 % |
| Birla Corporation Ltd | 6,545 | 11.7 | 9.78 % |
| JK Lakshmi Cement Ltd | 6,085 | 15.8 | 12.0 % |
| Prism Johnson Ltd | 5,500 | 46.9 | 5.92 % |
| HeidelbergCement India Ltd | 2,951 | 24.3 | 14.7 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-10 | Dividend - Re 0.50 Per Share |
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.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of JSW Cement Ltd?
JSW Cement Ltd (JSWCEMENT) has a market capitalisation of Rs 15,349 Cr. at the 2026-10-01 close.
What is the P/E ratio of JSW Cement Ltd?
JSW Cement Ltd trades at a P/E of 19.5 on trailing twelve-month profit, at the 2026-10-01 close.
What were JSW Cement Ltd's latest quarterly results?
In the Jun 2026 quarter, JSW Cement Ltd sales was Rs 1,896 Cr (+21.5% vs Jun 2025) and net profit was Rs 153 Cr.
What is the 52-week high and low of JSW Cement Ltd?
The 52-week high is Rs 143.40 and the 52-week low is Rs 106.65.