JSW Cement Limited (JSWCEMENT) AI Stock Analysis

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JSW Cement Limited

(NSE:JSWCEMENT)

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Rating:48Neutral

Price Target:INR 112.00▼(-3.03% Downside)

Action:reiterated

Date:08/23/26

The score is held back primarily by weakened financial performance (recent net losses, uneven free cash flow, and historically high leverage). Technicals also pressure the score due to a bearish trend below key moving averages and a negative MACD, despite oversold readings. Valuation is neutral with a mid-range P/E and a low dividend yield.

Positive Factors

Revenue GrowthThe substantial increase in annual revenue indicates that JSW Cement has expanded its sales base over several years. Continued top-line scale can strengthen operating reach, support greater utilization of its cement portfolio, and provide a foundation for future earnings recovery if profitability improves.

Negative Factors

Persistent LossesThe shift from profitability to increasingly large net losses signals material deterioration in the earnings profile. Even with revenue growth and positive EBIT, continued losses can weaken retained capital, constrain reinvestment capacity, and make sustainable returns dependent on a meaningful margin recovery.

JSW Cement Limited (JSWCEMENT) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 156.23B
Dividend Yield: 0.43%
Average Volume (3M): 235.52K
Price to Earnings (P/E): 20.4
Beta (1Y): 1.04
Revenue Growth: ―
EPS Growth: ―
Country: India
Employees: 1,848
Sector: General
Sector Strength: 55
Industry: Construction Materials

JSW Cement Limited Business Overview & Revenue Model

Company Description

JSW Cement Ltd. operates as a prominent Indian producer, offering a diverse portfolio of environmentally conscious construction materials. Its product lineup includes Portland Slag Cement (PSC), Ground Granulated Blast Furnace Slag (GGBS), Ordinary P...

How the Company Makes Money

JSW Cement makes money primarily by manufacturing and selling cementitious products to customers in the construction ecosystem. Its core revenue stream is the sale of cement (including products such as Portland slag cement and other blended cement va...

JSW Cement Limited Financial Statement Overview

Summary

Strong revenue growth (₹45.7B FY2022 to ₹65.1B FY2026) and improved operating cash flow (₹11.7B in FY2026) are positives, but profitability has deteriorated sharply with net losses in FY2025 and a larger loss in FY2026. Free cash flow is frequently negative, and leverage has been high historically (debt-to-equity ~2.4–2.8), despite an apparent FY2026 equity step-up.

Income Statement

44Neutral

Balance Sheet

56Neutral

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	65.12B	65.12B	56.95B	58.39B	56.80B	45.65B
Gross Profit	41.02B	48.82B	40.27B	43.22B	39.26B	20.15B
EBITDA	-958.40M	-810.20M	6.95B	9.16B	7.91B	9.45B
Net Income	-7.56B	-7.56B	-1.14B	898.07M	1.37B	2.44B
Balance Sheet
Total Assets	145.35B	145.35B	120.04B	113.19B	102.19B	92.73B
Cash, Cash Equivalents and Short-Term Investments	5.00B	5.95B	1.45B	5.95B	529.60M	5.55B
Total Debt	44.64B	44.64B	65.63B	62.54B	56.41B	50.54B
Total Liabilities	80.08B	80.08B	96.32B	89.33B	79.78B	71.60B
Stockholders Equity	65.50B	65.50B	23.53B	24.65B	22.92B	21.31B
Cash Flow
Free Cash Flow	-4.56B	-7.91B	-4.15B	4.76B	-9.81B	-7.04B
Operating Cash Flow	5.08B	11.70B	7.37B	14.08B	6.53B	3.51B
Investing Cash Flow	-11.60B	-16.49B	-5.58B	-11.20B	-17.93B	-15.41B
Financing Cash Flow	12.44B	8.61B	-2.32B	-2.21B	10.41B	12.60B

JSW Cement Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price115.50

Price Trends

50DMA118.03Negative

100DMA125.51Negative

200DMA123.62Negative

Market Momentum

MACD-0.40Negative

RSI48.55Neutral

STOCH47.55Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JSWCEMENT, the sentiment is Negative. The current price of 115.50 is above the 20-day moving average (MA) of 114.18, below the 50-day MA of 118.03, and below the 200-day MA of 123.62, indicating a neutral trend. The MACD of -0.40 indicates Negative momentum. The RSI at 48.55 is Neutral, neither overbought nor oversold. The STOCH value of 47.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JSWCEMENT.

JSW Cement Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:JSWCEMENT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ULTRACEMCO	64Neutral	INR 3.25T	36.91	―	2.17%	17.79%	18.30%
IN:AMBUJACEM	63Neutral	INR 865.96B	30.72	―	0.57%	5.64%	-50.36%
IN:SHREECEM	62Neutral	INR 832.35B	52.40	―	0.65%	14.32%	-7.88%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ACC	54Neutral	INR 212.26B	24.05	―	0.66%	7.96%	-73.56%
IN:JKCEMENT	54Neutral	INR 368.54B	38.60	―	0.42%	17.33%	-7.43%
IN:JSWCEMENT	48Neutral	INR 157.47B	20.44	―	0.43%	―	―

* General Sector Average

Performance Comparison

IN:JSWCEMENT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:JSWCEMENT	JSW Cement Limited	115.50	-19.70	-14.57%
IN:ACC	ACC Limited	1130.30	-728.15	-39.18%
IN:AMBUJACEM	Ambuja Cements Limited	348.50	-226.00	-39.34%
IN:JKCEMENT	J.K. Cement Ltd.	4770.70	-1104.88	-18.80%
IN:SHREECEM	Shree Cement Limited	23069.05	-4858.94	-17.40%
IN:ULTRACEMCO	UltraTech Cement Limited	11050.10	-663.85	-5.67%

JSW Cement Limited Corporate Events

JSW Cement Closes Trading Window Ahead of Quarterly Results

Sep 30, 2026

JSW Cement Limited has announced the closure of its trading window for designated persons and their immediate relatives starting 1 October 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and its internal code of conduct. Th...

JSW Cement Board Clears Merger Scheme With Shiva Cement

Sep 29, 2026

JSW Cement Limited’s board has approved a Scheme of Arrangement to amalgamate Shiva Cement Limited with JSW Cement, alongside a reorganization of reserves in both companies. The move, subject to shareholder, regulatory and National Company Law...

JSW Cement Announces DRHP Filing for JSW One Platforms IPO

Sep 24, 2026

JSW Cement Limited has notified the stock exchanges that its affiliate, JSW One Platforms Limited, has filed a Draft Red Herring Prospectus with the securities regulator and Indian bourses for an initial public offering of equity shares.The proposed...

JSW Cement discloses Rs 55.98 crore GST show cause notice, plans to contest demand

Aug 29, 2026

JSW Cement Limited has disclosed that it received a Show Cause Notice from the Joint Commissioner of State Tax, CT & GST Circle, Jajpur, following a GST audit for FY 2022-23 alleging short payment of tax and irregular availment of input tax credi...

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.

Date of analysis: Aug 23, 2026

JSW Cement Limited AI Stock Analysis

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