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JSW Cement Overview

JSW Cement Ltd. is one of the fastest-growing and eco-friendly cement producers in India as part of the diverse JSW Group. Established to manufacture high-quality, eco-friendly cement with the objective of creating sustainable cement solutions using advanced manufacturing technology and industrial by-products including slag and fly ash, Jud Cement has an increased capacity for production across key geographies such as Karnataka, Andhra Province, West Bengal, Maharashtra, and Applic, as building up an ever-increasing customer base in the accompa...Read More

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JSW Cement Key Financials

Market Cap ₹16843 Cr.

Stock P/E -102.8

P/B 2.7

Current Price ₹123.5

Book Value ₹ 45.5

Face Value 10

52W High ₹162.2

Dividend Yield 0%

52W Low ₹ 106.7

JSW Cement Share Price

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Volume
Price

JSW Cement Quarterly Price

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JSW Cement Quarterly Results

#(Fig in Cr.) Jun 2024 Sep 2024 Dec 2024 Jun 2025 Sep 2025 Dec 2025
Net Sales 1447 1224 1433 1560 1436 1621
Other Income 24 27 28 22 24 86
Total Income 1472 1251 1461 1582 1460 1707
Total Expenditure 1247 1099 1284 1237 1169 1336
Operating Profit 224 153 177 345 291 371
Interest 110 109 116 102 100 87
Depreciation 74 77 81 78 80 81
Exceptional Income / Expenses 0 0 0 -1466 0 -34
Profit Before Tax 40 -34 -20 -1302 111 170
Provision for Tax 32 1 27 65 46 54
Profit After Tax 8 -35 -48 -1367 65 116
Adjustments -23 -29 -21 10 21 26
Profit After Adjustments -15 -64 -69 -1356 86 142
Adjusted Earnings Per Share -0.2 -0.7 -0.7 -13.7 0.6 1.1

JSW Cement Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1272 1415 1717 2722 2928 3862 4669 5837 6028 5813 6050
Other Income 18 92 24 50 40 62 195 145 86 102 160
Total Income 1290 1506 1741 2772 2968 3924 4863 5982 6115 5915 6210
Total Expenditure 981 1108 1290 2282 2326 3039 3912 5155 5095 5099 5026
Operating Profit 309 398 451 490 642 884 951 827 1019 815 1184
Interest 133 134 195 237 268 291 315 310 435 450 405
Depreciation 57 54 81 116 145 179 238 373 278 310 320
Exceptional Income / Expenses 0 0 -10 0 0 -35 0 0 0 0 -1500
Profit Before Tax 120 210 164 137 230 379 397 125 224 -44 -1041
Provision for Tax 30 96 7 47 75 130 164 21 162 120 192
Profit After Tax 89 114 158 90 154 250 233 104 62 -164 -1234
Adjustments 0 0 0 10 10 9 12 33 28 50 36
Profit After Adjustments 89 114 158 100 165 259 244 137 90 -114 -1197
Adjusted Earnings Per Share 2 2.5 1.6 1 1.7 2.6 2.5 1.4 0.9 -1.2 -12.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -4% 8% 15% 0%
Operating Profit CAGR -20% -5% 5% 0%
PAT CAGR -365% NAN% NAN% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average -7% 0% 6% 11%
ROCE Average 5% 6% 9% 12%

JSW Cement Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 422 546 1250 1353 1526 1825 2131 2292 2465 2353
Minority's Interest 0 0 24 13 3 -7 -19 -51 -79 20
Borrowings 968 1486 1755 2120 2184 2124 4051 4646 4157 5010
Other Non-Current Liabilities -14 75 28 30 272 328 674 479 753 791
Total Current Liabilities 593 1003 1358 1630 2185 2639 2384 2771 3921 3707
Total Liabilities 1970 3111 4414 5147 6169 6909 9221 10136 11216 11881
Fixed Assets 1298 1510 2637 3079 3293 4225 4573 4645 6189 6785
Other Non-Current Assets 320 941 777 724 1492 1031 2015 3134 2377 2694
Total Current Assets 352 661 1000 1344 1385 1654 2632 2357 2651 2403
Total Assets 1970 3111 4414 5147 6169 6909 9221 10136 11216 11881

JSW Cement Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 20 18 126 295 37 114 96 165 51 118
Cash Flow from Operating Activities 300 249 427 442 723 783 339 653 1408 737
Cash Flow from Investing Activities -152 -740 -1000 -824 -765 -686 -1530 -1793 -1120 -558
Cash Flow from Financing Activities -150 599 741 125 119 -95 1260 1041 -221 -232
Net Cash Inflow / Outflow -2 108 169 -257 77 1 69 -99 67 -53
Closing Cash & Cash Equivalent 18 126 295 37 114 116 165 51 118 65

JSW Cement Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.98 2.53 1.6 1.01 1.67 2.62 2.48 1.39 0.91 -1.16
CEPS(Rs) 3.24 3.72 2.42 2.09 3.03 4.34 4.78 4.84 3.45 1.49
DPS(Rs) 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 9.37 11.94 12.67 13.68 15.41 18.09 21.13 22.43 24.04 22.31
Core EBITDA Margin(%) 20.3 19.32 22.39 15.01 18.82 19.25 14.35 10.87 14.12 10.97
EBIT Margin(%) 17.57 21.72 18.87 12.74 15.55 15.68 13.5 6.94 9.98 6.25
Pre Tax Margin(%) 8.34 13.26 8.63 4.66 7.18 8.88 7.53 1.99 3.4 -0.67
PAT Margin (%) 6.22 7.19 8.27 3.08 4.82 5.85 4.42 1.66 0.94 -2.52
Cash Profit Margin (%) 10.18 10.57 12.53 7.03 9.35 10.03 8.94 7.61 5.15 2.25
ROA(%) 4.53 4.49 4.19 1.89 2.73 3.82 2.88 1.08 0.58 -1.42
ROE(%) 21.13 23.76 17.65 6.95 10.76 15.12 12.03 4.84 2.71 -7.16
ROCE(%) 17.11 18.12 12.49 10.19 11.87 14.11 12.09 6.02 8.23 4.83
Receivable days 20.63 24.16 28.43 35.05 46.75 44.55 48 43.01 41.26 43.89
Inventory Days 34.9 33.95 37.06 31.65 42.16 34.53 28.04 26.46 25.52 25.35
Payable days 404.21 480.55 483.55 231.99 314.86 233.48 247.16 199.94 225.31 209.15
PER(x) 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.17 1.49 1.68 1.28 1.31 1.05 1.08 1.09 1.08 1.21
EV/Core EBITDA(x) 4.8 5.29 6.38 7.14 5.96 4.57 5.31 7.68 6.38 8.62
Net Sales Growth(%) 0 11.22 21.33 58.59 7.54 31.92 20.89 25.02 3.28 -3.57
EBIT Growth(%) 0 36.59 4.45 3.93 33.03 34.69 6.15 -38.84 51.48 -38.32
PAT Growth(%) 0 27.84 38.26 -42.75 70.87 61.91 -6.88 -55.28 -40.39 -364.09
EPS Growth(%) 0 27.84 -36.85 -36.62 64.73 57.09 -5.6 -44.07 -34.26 -227.04
Debt/Equity(x) 2.49 3.31 1.75 1.89 1.95 1.79 2.22 2.45 2.46 2.8
Current Ratio(x) 0.59 0.66 0.74 0.82 0.63 0.63 1.1 0.85 0.68 0.65
Quick Ratio(x) 0.36 0.5 0.57 0.65 0.42 0.49 0.91 0.69 0.55 0.53
Interest Cover(x) 1.9 2.57 1.84 1.58 1.86 2.31 2.26 1.4 1.52 0.9
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0

JSW Cement Shareholding Pattern

# Jun 2025 Aug 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 72.33 72.33 72.33 72.33 72.03
FII 4.38 4.38 4.13 3.03 2.94
DII 4.78 4.78 7.87 8.08 8.72
Public 18.51 18.51 15.66 16.56 16.31
Others 0 0 0 0 0
Total 100 100 100 100 100

JSW Cement News

JSW Cement Pros & Cons

Pros

  • Debtor days have improved from 225.31 to 209.15days.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
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