JSW CEMENT LIMITED
₹115.50-₹0.40 (-0.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹16,674 Cr
- P/E
- 86.4x
- EV / EBITDA
- 20.5x
- Revenue
- ₹5,478 Cr
- Net margin
- 3.8%
- ROCE
- 10.8%
Price chart
Technical chartScreen technicals →-15.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +1.8%
- 3M
- -12.3%
- 6M
- -5.6%
- 1Y
- -15.0%
- 5Y
- -20.9%
52-week range
Day change -₹0.40 (-0.3%) from ₹116 to ₹116 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in JSWCEMENT, bought on each weekday since 2025.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 15.9%
Concerns1
- Low return on equity of 8.2%
Rule-based from financial data. Not advice.
About the company
JSW Cement Limited manufactures and sells cement and cement-related products under the JSW Cement brand in India. The company offers Portland slag, ordinary Portland, composite, environment-friendly, Portland pozzolana, and water-repellant cement products.
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JSW Cement Limited manufactures and sells cement and cement-related products under the JSW Cement brand in India. The company offers Portland slag, ordinary Portland, composite, environment-friendly, Portland pozzolana, and water-repellant cement products. It also provides construction chemicals comprising precision steel grouts, mortars, and waterproofing compounds, as well as tile adhesives, grouts, and cleaners; cementitious materials, including ground granulated blast furnace slag (GGBS) and microfine GGBS; aggregates consisting of screened slag; ready-mix concrete under the JSW Concrete brand; and clinkers. In addition, the company offers concrete laboratory testing services. It sells its products through a network of dealers and sub-dealers, as well as warehouses. The company was incorporated in 2006 and is headquartered in Mumbai, India. JSW Cement Limited is a subsidiary of Adarsh Advisory Services Private Limited.
- Sector
- Materials
- Shares outstanding
- 137 Cr shares
- ISIN
- INE718I01012
- BSE code
- 544480
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹16,674 Cr
- P/E
- 86.4x
- P/B
- 2.5x
- EV / EBITDA
- 20.5x
- EV / Sales
- 3.7x
- P/S
- 2.9x
- Earnings yield
- 1.2%
- 52-week high
- ₹142.30
- 52-week low
- ₹108.05
Profitability
- Operating margin
- 15.4%
- Net margin
- 3.8%
- EBITDA margin
- 18.1%
- ROE
- 8.2%
- ROCE
- 10.8%
- ROA
- 2.0%
- Dividend payout
- 0.0%
- Tax rate
- 48.0%
- Other income, % of PBT
- 36.6%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹5,478 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -5.0%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 15.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,046 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 31.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -53.8%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.4%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,089 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 38.7%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹46.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 13.4%
Solvency and efficiency
- Current ratio
- 2.03
- Debt / Equity
- 2.08
- Debt / Assets
- 0.52
- Debt / EBITDA
- 5.33
- Interest coverage
- 2.35
- Financial leverage
- 4.03
- CFO / Net profit
- 4.93
- Cash / Market cap
- 24.7%
- Cash per share
- ₹30.14
- Asset turnover
- 0.53
- Fixed asset turnover
- 1.16
- Capital intensity
- 0.86
- Debtor days
- 49 days
- Inventory turnover
- 3.29
- Cash conversion cycle
- -135 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹2 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹4,752 Cr |
| Sales | Operating profit | ₹726 Cr |
| Operating profit | Interest | ₹384 Cr |
| Operating profit | Depreciation | ₹263 Cr |
| Operating profit | Profit before tax | ₹79 Cr |
| Other income | Profit before tax | ₹164 Cr |
| Profit before tax | Tax and other | ₹140 Cr |
| Profit before tax | Net profit | ₹102 Cr |
Revenue and net profit
Revenue fell 5.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹3,408 Cr | ₹258 Cr |
| FY2022 | ₹4,065 Cr | ₹324 Cr |
| FY2023 | ₹4,744 Cr | ₹250 Cr |
| FY2024 | ₹5,768 Cr | ₹221 Cr |
| FY2025 | ₹5,478 Cr | ₹102 Cr |
Cash flows
FY2025: ₹785 Cr from operations, ₹247 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹743 Cr | ₹275 Cr |
| FY2022 | ₹271 Cr | -₹871 Cr |
| FY2023 | ₹785 Cr | -₹670 Cr |
| FY2024 | ₹1,089 Cr | ₹245 Cr |
| FY2025 | ₹785 Cr | ₹247 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹5,478 Cr-5.0%1Y
- Net profit
- ₹102 Cr-53.8%1Y
- Cash from operations
- ₹785 Cr
- Free cash flow
- ₹247 Cr+0.8%1Y
- Revenue CAGR, 5Y
- 15.9%
- EBITDA CAGR, 5Y
- 10.1%
- Net profit CAGR, 5Y
- 6.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹5,478 Cr | ₹726 Cr | — | ₹102 Cr | ₹785 Cr | ₹247 Cr | 3.6% | -5.0% | -53.8% |
Monthly returns
Month-by-month returns of JSWCEMENT across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹11,620 Cr |
| Equity capital | ₹986 Cr |
| Reserves | ₹1,870 Cr |
| Borrowings | ₹5,845 Cr |
| Other liabilities | ₹2,919 Cr |
| Assets | ₹11,620 Cr |
| Fixed assets | ₹5,484 Cr |
| Capital work in progress | ₹927 Cr |
| Investments | ₹1,104 Cr |
| Other assets | ₹4,105 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
JSWCEMENT trades at 86.4x earnings against a peer median of 35.5x (a 144% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| JSW CEMENT LIMITEDJSWCEMENTthis companyP/E ↑ premium | ₹16,674 Cr | 86.4x | 2.5x | 8.2% | 20.5x |
| Atul Limited.ATUL | ₹18,048 Cr | 37.0x | 3.1x | 7.6% | 25.5x |
| Chambal Fertilisers & Chemicals LtdCHAMBLFERT | ₹17,739 Cr | 9.6x | 1.8x | 18.7% | 7.8x |
| ADITYA BIRLA REAL ESTATE LIMITEDABREL | ₹17,331 Cr | 121.0x | 3.9x | 3.4% | 46.5x |
| Sarda Energy & Minerals LtdSARDAEN | ₹17,028 Cr | 18.3x | 2.7x | 13.3% | 24.0x |
| Vinati Organics Ltd.VINATIORGA | ₹16,332 Cr | 35.1x | 5.5x | 13.1% | 31.6x |
| BASF India LtdBASF | ₹15,644 Cr | 40.7x | 4.1x | 17.5% | 15.0x |
| Deepak Fertilizers &PetrochemicalsDEEPAKFERT | ₹15,469 Cr | 40.9x | 4.5x | 9.9% | 29.3x |
| Paradeep Phosphates LimitedPARADEEP | ₹15,412 Cr | 15.8x | 1.9x | 2.8% | 25.5x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
JSWCEMENT since 1 January, against earlier years.
Historical volatility
JSWCEMENT's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 23.0% |
| FY2022 | 18.0% |
| FY2023 | 14.0% |
| FY2024 | 15.0% |
| FY2025 | 13.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹5,478 Cr |
| Costs | |
| Interest | ₹384 Cr |
| Expenses | ₹4,752 Cr |
| Operating profitOperating Profit | ₹726 Cr |
| Other income and charges | |
| Profit before tax | ₹242 Cr |
| Tax | |
| Net profitNet Profit | ₹102 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹11,620 Cr |
| Equity capitalEquity Capital | ₹986 Cr |
| Reserves | ₹1,870 Cr |
| Borrowings | ₹5,845 Cr |
| Other liabilitiesOther Liabilities | ₹2,919 Cr |
| AssetsTotal Assets | ₹11,620 Cr |
| Fixed assetsFixed Assets | ₹5,484 Cr |
| Capital work in progressCWIP | ₹927 Cr |
| Investments | ₹1,104 Cr |
| Other assetsOther Assets | ₹4,105 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹785 Cr |
| Investing cash flowCash from Investing Activity | -₹538 Cr |
| Financing cash flowCash from Financing Activity | -₹285 Cr |
| Change in cashNet Cash Flow | -₹38 Cr |
Learn while you research
Academy chapters picked for JSW CEMENT LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 86.4, learn when high multiples are justified.6 min read
- 04 Leverage RatiosDebt/Equity of 2.08 is elevated, understand what that means for solvency.6 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read