J.K. Cement (JKCEMENT) had a P/E of 42.3× on 6 Nov 2026, above the industry P/E of 27.3×, and the shares are 14% below their 52-week high. Sales and net profit grew 12% and 33% a year over 3 years; its ROCE of 13% is the highest among the 7 largest Building Materials peers. Debt is 1.01× equity, and its dividend yield is 0.4%. It is a mid-cap company with a market cap of ₹40,487 Cr, ranked 5th of 58 Building Materials companies by market cap; the shares fell 9.1% over the past year.
- ₹5,202.00
- ₹5,285.00
- ₹5,150.10
- ₹5,250.10
- 49.3K
Health check
- ReturnsAhead
−9.1% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 42.3 vs industry 27.3.
- GrowthStrong
Sales +12.1%, profit +32.8% a year over 3 years.
- ProfitabilityAverage
ROCE 13.3% vs peer median 9.6%.
- Balance sheetFair
Debt 1.01× equity, interest covered 4.4×, Piotroski 8 of 9.
- Red flags1 to check
P/E of 42.3 against an industry P/E of 27.3.
Mid cap
Defensive
Key metrics
- Market cap
- ₹40,487 Cr
- Mid cap
- P/E
- 42.3
- Industry 27.3
- Price to book
- 5.51
- Peers 2.12
- Dividend yield
- 0.38%
- ROE
- 13.6%
- Peers 4.9%
- ROCE
- 13.3%
- Peers 9.6%
- Debt to equity
- 1.01
- Debt ₹7,490 Cr
- EPS (TTM)
- ₹123.98
- Face value ₹10
- OPM (TTM)
- 15.8%
- Net margin 6.3%
- Sales growth
- +23.7%
- Latest quarter vs a year ago
- Profit growth
- +7.7%
- Latest quarter vs a year ago
- Price to sales
- 2.68
- EV/EBITDA 19.8
Strengths and risks
Strengths
- Quarterly sales up 23.7% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 42.3 against an industry P/E of 27.3.
About J.K. Cement
J.K. Cement Limited manufactures and sells cement and its related products in India and internationally. The company offers grey cement products; JKMaxx paints, including interior and exterior emulsions, distemper, enamel, and primers; wall putty; and white cement. It also provides tile adhesives and grouts; and wood finishes, as well as construction chemicals solutions. The company was founded in 1975 and is headquartered in Kanpur, India.
- Headquarters
- Kanpur
- Employees
- 4,952
- Sector
- Basic Materials
- ISIN
- INE823G01014
- Website
- jkcement.com
Price range
- Avg volume (3M)
- 44.8K
- 1-year return
- minus 9.1%
- From 52-week high
- minus 14.2%
Analyst consensus
Next results expected around 16 Jan 2027
Peers · Building Materials
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ULTRACEMCOUltraTech Cement | 12,450.00 | plus 1.63% | 3,66,110 | 41.6 | 22.8 | 11.8% | 19.1% | 0.38 | 11.9% | plus 3.6% |
| GRASIMGrasim Industries | 3,227.00 | minus 0.02% | 2,18,884 | 38.5 | 16.8 | 4.0% | 15.0% | 1.35 | 14.3% | plus 12.0% |
| AMBUJACEMAmbuja Cements | 390.60 | plus 0.67% | 97,057 | 34.7 | 14.6 | 4.6% | 14.3% | 0.01 | – | minus 31.6% |
| SHREECEMShree Cement | 25,100.00 | plus 0.82% | 90,563 | 57.2 | 18.0 | 10.2% | 20.1% | 0.09 | 5.7% | minus 9.8% |
| JKCEMENTJ.K. Cement | 5,239.80 | minus 0.20% | 40,487 | 42.3 | 19.2 | 13.3% | 15.8% | 1.01 | 12.1% | minus 9.1% |
| DALBHARATDalmia Bharat | 1,470.30 | plus 0.27% | 27,602 | 56.3 | 9.6 | 7.0% | 16.5% | 0.57 | 3.0% | minus 28.5% |
| ACCACC | 1,236.20 | plus 0.77% | 23,214 | 26.4 | 7.9 | 10.4% | 8.7% | 0.02 | – | minus 33.1% |
| RAMCOCEMThe Ramco Cements | 817.35 | plus 0.70% | 19,313 | 31.8 | 15.9 | 9.6% | 14.9% | 0.48 | 3.3% | minus 21.0% |
| Median of 7 peers | – | 0.70% | 90,563 | 38.5 | 15.9 | 9.6% | 15.0% | 0.38 | 5.7% | −21.0% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 3,353 | 3,463 | 3,888 | 4,032 | 3,733 | |
| 2,665 | 2,906 | 3,205 | 3,384 | 3,226 | |
| 688 | 558 | 683 | 648 | 507 | |
| 20.5% | 16.1% | 17.6% | 16.1% | 13.6% | |
| 56.5 | 45.9 | 41.2 | 39.3 | 37.9 | |
| 109 | 113 | 97.9 | 114 | 120 | |
| 146 | 175 | 182 | 167 | 170 | |
| – | −47.8 | – | – | – | |
| 489 | 268 | 444 | 406 | 256 | |
| 33.7% | 35.3% | 25.4% | 32.4% | 33.8% | |
| 324 | 175 | 333 | 277 | 173 | |
| 41.99 | 22.60 | 43.08 | 35.91 | 22.39 |
Profit & loss
- Sales CAGR 3Y
- +12.1%
- Profit CAGR 3Y
- +32.8%
- EPS CAGR 3Y
- +32.8%
- ROE
- 13.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9,504 | 11,203 | 11,493 | 13,391 | |
| – | +17.9% | +2.6% | +16.5% | |
| 8,170 | 9,127 | 9,450 | 11,003 | |
| 1,334 | 2,075 | 2,043 | 2,388 | |
| 14.0% | 18.5% | 17.8% | 17.8% | |
| 69 | 125 | 146 | 162 | |
| 302 | 444 | 451 | 419 | |
| 462 | 573 | 601 | 653 | |
| −11.8 | −10.2 | 106 | −34.7 | |
| 628 | 1,174 | 1,242 | 1,444 | |
| 33.7% | 32.7% | 29.8% | 31.6% | |
| 424 | 791 | 861 | 992 | |
| – | +86.7% | +8.9% | +15.3% | |
| 54.82 | 102.35 | 111.44 | 128.44 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 77.3 | 77.3 | 77.3 | 77.3 | |
| 4,607 | 5,290 | 6,012 | 6,960 | |
| 5,292 | 5,552 | 6,028 | 6,183 | |
| 3,331 | 3,883 | 4,564 | 5,280 | |
| 13,307 | 14,802 | 16,682 | 18,500 | |
| 8,799 | 9,375 | 10,603 | 12,404 | |
| 592 | 464 | 1,317 | 1,053 | |
| 190 | 269 | 382 | 903 | |
| 902 | 1,719 | 2,143 | 925 | |
| 2,823 | 2,975 | 2,237 | 3,215 | |
| 13,307 | 14,802 | 16,682 | 18,500 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,377 | 1,959 | 1,939 | 1,873 | |
| −2,015 | −1,636 | −1,910 | −1,745 | |
| 741 | −416 | 73.8 | −385 | |
| 104 | −92.4 | 104 | −257 | |
| −1,611 | −1,173 | −1,720 | −2,266 | |
| −234 | 787 | 220 | −393 | |
| −116 | −116 | −154 | −116 |
Shareholding pattern
- Promoters45.66%
- Public54.34%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 45.66% | 54.34% | 0.00 | |
| 30 Jun 2026 | 45.66% | 54.34% | 0.00 | |
| 31 Mar 2026 | 45.66% | 54.34% | 0.00 | |
| 31 Dec 2025 | 45.66% | 54.34% | 0.00 | |
| 30 Sep 2025 | 45.66% | 54.34% | – |
Major shareholders
Filings & events
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