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J.K. Cement Ltd.
(JKCEMENT)
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Rating:50Neutral
Price Target:
₹5,255.00
▼(-0.47% Downside)
Action:Reiterated
Date:08/24/26
The score is held back primarily by inconsistent free cash flow and meaningful leverage, which reduce financial flexibility in a cyclical industry. Technical signals also remain weak with the stock trading below key moving averages and negative MACD. Valuation is another headwind given the high P/E and low dividend yield.
Positive Factors
Steady revenue growth
Sustained revenue expansion indicates continued demand for J.K. Cement’s products across construction markets. Re-acceleration in the latest year supports the company’s scale and distribution reach, although future growth remains exposed to construction cycles.
Negative Factors
Meaningful leverage
Debt approximately matching equity reduces financial flexibility in a cyclical cement market. Higher leverage can constrain investment, acquisitions, and shareholder returns, while increasing sensitivity to weaker demand, pricing pressure, or higher financing costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Sustained revenue expansion indicates continued demand for J.K. Cement’s products across construction markets. Re-acceleration in the latest year supports the company’s scale and distribution reach, although future growth remains exposed to construction cycles.
Read all positive factors
J.K. Cement Ltd. (JKCEMENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹389.39B
Dividend Yield0.4%
Average Volume (3M)7.58K
Price to Earnings (P/E)40.8
Beta (1Y)1.02
Revenue Growth15.92%
EPS Growth-5.47%
CountryIN
Employees4,097
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)122.37
Shares Outstanding77,251,434
10 Day Avg. Volume20,377
30 Day Avg. Volume7,583
Financial Highlights & Ratios
PEG Ratio2.59
Price to Book (P/B)5.58
Price to Sales (P/S)2.86
P/FCF Ratio-62.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)143.84
Revenue Forecast (FY)₹157.55B
J.K. Cement Ltd. Business Overview & Revenue Model
Company Description
Established in 1975 and based in New Delhi, India, J.K. Cement Limited is a leading producer and global supplier of cement and an extensive range of related building materials. The company's primary offerings feature various grey cement formulatio...
How the Company Makes Money
JKCEMENT makes money mainly by selling cement and cement-related products to customers in the construction ecosystem. The company’s core revenue stream is the sale of cement (typically sold in bulk to institutional/infrastructure customers and in ...
J.K. Cement Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 144.01B | 137.22B | 118.79B | 115.56B | 97.20B | 79.91B |
| Gross Profit | 86.30B | 71.88B | 74.73B | 69.48B | 54.18B | 49.25B |
| EBITDA | 24.64B | 25.21B | 20.07B | 20.35B | 12.94B | 14.83B |
| Net Income | 9.46B | 9.92B | 8.61B | 7.91B | 4.24B | 6.87B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 185.00B | 166.82B | 148.02B | 132.85B | 114.03B |
| Cash, Cash Equivalents and Short-Term Investments | 10.53B | 5.02B | 25.59B | 17.19B | 16.99B | 9.34B |
| Total Debt | 0.00 | 61.83B | 60.28B | 55.49B | 52.92B | 41.15B |
| Total Liabilities | -70.90B | 114.10B | 106.26B | 94.80B | 86.43B | 71.12B |
| Stockholders Equity | 70.90B | 70.37B | 60.89B | 53.67B | 46.87B | 43.25B |
Cash Flow | ||||||
| Free Cash Flow | -4.98B | -6.32B | 2.20B | 7.87B | -2.34B | -6.75B |
| Operating Cash Flow | 5.10B | 16.34B | 19.39B | 19.59B | 13.77B | 8.78B |
| Investing Cash Flow | -9.48B | -19.06B | -19.10B | -16.36B | -20.15B | -9.96B |
| Financing Cash Flow | 1.43B | 148.60M | 738.30M | -4.16B | 7.41B | 616.85M |
J.K. Cement Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹3.29T | 37.92 | ― | 2.17% | 19.07% | 21.21% | |
68 Neutral | ₹993.31B | 22.50 | ― | 0.50% | 10.70% | 1.03% | |
68 Neutral | ₹321.47B | 34.15 | ― | 0.53% | 7.60% | -0.22% | |
64 Neutral | ₹844.29B | 51.26 | ― | 0.65% | 12.63% | 9.64% | |
62 Neutral | ₹238.15B | 12.42 | ― | 0.59% | 15.35% | -21.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹389.39B | 40.78 | ― | 0.40% | 15.92% | -5.47% |
* General Sector Average
IN:JKCEMENT
J.K. Cement Ltd.
4,992.75
-1,563.09
-23.84%
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J.K. Cement Ltd. Corporate Events
J.K. Cement gains relief as GST appeals slash tax demands
Jul 4, 2026
J.K. Cement Ltd. has received two favourable orders from the Additional Commissioner (Appeals), State Tax, Kota, which largely drop significant GST demands raised for FY 2018-19 and FY 2020-21, confirming only minimal residual liabilities with ass...
J.K. Cement Subsidiary Gets GST Order with Minor Financial Impact
Jun 28, 2026
J.K. Cement Ltd. reported that its wholly owned subsidiary, JK Maxx Paints Limited, has received an order from the Additional Commissioner of State Tax in Patna concerning GST demands linked to Acro Paints Ltd., which has been amalgamated into JK ...
J.K. Cement Files Assured Sustainability Report for FY 2025-26
Jun 25, 2026
J.K. Cement Limited has submitted its Business Responsibility and Sustainability Report for the 2025-26 financial year, along with an independent reasonable assurance report on core sustainability indicators from TUV India, as part of its integrat...
J.K. Cement Sets July 17, 2026 Virtual AGM and Releases Integrated Annual Report
Jun 25, 2026
J.K. Cement Ltd. has scheduled its 32nd Annual General Meeting for July 17, 2026, at 11:00 a.m. IST, to be conducted via video conferencing and other audio-visual means. The company has circulated the notice of the meeting and its Integrated Annua...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.