Manufactures grey cement, white cement, wall putty, ready-mix concrete (RMC) and paints, with grey cement as the dominant line and white cement as a speciality secondary product. Revenue is earned by selling these building materials to construction, infrastructure and housing customers through a mix of direct sales and dealer networks. Consolidated volumes grew strongly year-on-year in Q1 FY27 on Central India expansion, but per-ton profitability was compressed by fuel, diesel and power cost inflation. Adjacent businesses include RMC, a wall putty plant at Nathdwara commissioning in Q2 FY27, and paints through subsidiary JK Maxx Paints which reached EBITDA breakeven in Q1 FY27. The cost base is dominated by other operating expenses (fuel, power, freight), with materials, employee costs and heavy capex as the other major lines. The company is in an active capacity-build phase, with a Jaisalmer greenfield integrated plant and other grinding units coming up, supported by a captive Mahan coal block. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Grey cement, White cement, Wall putty, Ready-mix concrete (RMC), Paints. Cyclical, asset-heavy building materials manufacturer in an active capacity-build phase
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 7,991 | 9,720 | 11,556 | 11,879 | 13,722 |
| EBITDA (ex other income) | 1,482 | 1,314 | 2,054 | 2,130 | 2,326 |
| margin % | 18.5 | 13.5 | 17.8 | 17.9 | 17.0 |
| Owners' profit | 687 | 426 | 791 | 861 | 992 |
| EPS, as reported (₹) | 87.90 | 55.17 | 102.35 | 111.44 | 128.44 |
| ROE % · ROCE % | 15.8 · 14.7 | 9.0 · 9.1 | 14.8 · 14.3 | 14.4 · 13.3 | 13.9 · 13.3 |
| Debt / equity (x) | 0.90 | 1.08 | 0.98 | 0.97 | 0.86 |
| Cash from operations | 878 | 1,377 | 1,959 | 1,939 | 1,873 |
| Capex | (1,554) | (1,878) | (1,183) | (1,720) | (2,416) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,560 | 2,930 | 3,581 | 3,353 | 3,019 | 3,463 | 3,888 | 4,032 |
| Profit before tax | 155 | 279 | 535 | 489 | 243 | 268 | 444 | 406 |
| Net profit | 136 | 190 | 361 | 324 | 159 | 174 | 331 | 275 |
| EPS (₹) | 16.28 | 24.54 | 46.64 | 41.99 | 20.78 | 22.60 | 43.08 | 35.91 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ULTRATECH CEMENT LIMITED | 3,24,148 | 37.9 | 4.02 | 19.9 | 10.1 | 10.2 | 14.6 | 20.8 |
| GRASIM INDUSTRIES LTD | 2,23,350 | 39.1 | 1.31 | 17.4 | 6.1 | 3.2 | 18.1 | 16.6 |
| AMBUJA CEMENTS LTD | 97,375 | 22.1 | 1.36 | 13.7 | 7.8 | 4.3 | — | 18.3 |
| SHREE CEMENT LIMITED | 81,433 | 50.0 | 3.49 | 15.7 | 7.5 | 9.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 28 Aug 2026 · Newspaper ad on special window for physical shares dematerialization | compliance | minimal | — | — |
| 12 Aug 2026 · JK Cement commissions 0.60 MnTPA Wall Putty plant at Nathdwara | capex operations | high | — | — |
| 6 Aug 2026 · JK Cement to attend Equirus investor conference on Aug 13 | board shareholder meetings | low | — | — |
| 31 Jul 2026 · Kalpana Singhania gifts 5000 JK Cement shares to her son | ownership changes | low | — | — |
| 31 Jul 2026 · Promoter group member gets 5,000 shares as gift from mother | ownership changes | low | — | — |
| 29 Jul 2026 · JK Cement to invest Rs 4.9 cr more in renewable energy SPV | strategic transactions | medium | — | — |
| 29 Jul 2026 · JK Cement invests Rs 4.91 cr in solar power SPV for Prayagraj plant | strategic transactions | medium | — | — |
| 28 Jul 2026 · JK Cement: Promoter group member receives 5,000 shares as gift from mother | ownership changes | low | — | — |
| 28 Jul 2026 · Promoter group member Kalpana Singhania gifts 5,000 JK Cement shares to son | ownership changes | medium | — | — |
| 21 Jul 2026 · JK Cement Q1 FY27: Volumes up 18% YoY, margin pressure flagged | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 9.2 |
| 23.8 |
| JK CEMENT LIMITED ◆ | 37,445 | 39.6 | 5.28 | 17.2 | 13.9 | 10.3 | 15.7 | 17.0 |
| DALMIA BHARAT LIMITED | 33,326 | 35.2 | 1.84 | 12.2 | 6.4 | 5.2 | 7.1 | 19.6 |
| ACC LIMITED | 23,444 | 12.3 | 1.14 | 6.8 | 10.4 | 9.9 | — | 8.4 |
| THE RAMCO CEMENTS LIMITED | 20,521 | 31.8 | 2.54 | 11.9 | 8.6 | 7.1 | 11.3 | 14.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 39.6 | 24.6 | 26 of 35 | 27% |
| P/B | 5.3 | 1.5 | 33 of 34 | 3% |
| ROCE | 10.3 | 3.7 | 8 of 37 | 81% |
| ROE | 13.9 | 7.7 | 6 of 38 | 87% |
| Debt / Equity | 0.9 | 0.4 | 29 of 38 | 24% |
| EBITDA margin | 17.0 | 13.1 | 11 of 37 | 72% |
| Revenue growth | 20.3 | 7.8 | 7 of 37 | 83% |
| Profit growth | (15.3) | (24.7) | 15 of 37 | 61% |
| Market cap | 37445 | 2005 | 5 of 38 | 89% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
