NSE: PRSMJOHNSN · BSE: 500338
PRISM JOHNSON LIMITED
Manufactures and sells three building materials through three segments. The Cement segment, branded as Prism Cement, makes Portland cement at its Satna, Madhya Pradesh plant and contributed ₹3,405.1 crore of revenue in FY26, the largest share at 46.5% of segment revenue. The HRJ segment (H&R Johnson) makes ceramic and vitrified tiles, contributing ₹2,391.66 crore (32.6% of segment revenue). The RMC segment (Prism RMC) supplies ready-mixed concrete, contributing ₹1,533.6 crore (20.9% of segment revenue). The company raised its stake in Samini Ceramics, an Andhra Pradesh-based ceramic tiles manufacturer, to 98.5%, and completed the sale of its general insurance joint venture (Raheja QBE) for ₹324 crore to sharpen its focus on building materials. Materials account for 26.4% of revenue and other operating expenses for 46.0%, with depreciation at 7.2%, reflecting the asset-heavy nature of cement and tiles manufacturing. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cement (47%), HRJ (H&R Johnson) (33%), RMC (Prism RMC) (21%). Asset-heavy building materials manufacturer across cement, tiles and ready-mix concrete
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 6,306 | 7,361 | 7,588 | 7,310 | 7,381 |
| EBITDA (ex other income) | 532 | 354 | 732 | 564 | 804 |
| margin % | 8.4 | 4.8 | 9.6 | 7.7 | 10.9 |
| Owners' profit | 92 | (55) | 181 | 80 | 73 |
| EPS, as reported (₹) | 1.82 | (2.05) | 3.60 | 1.59 | 1.45 |
| ROE % · ROCE % | 2.8 · 7.2 | (10.8) · (0.0) | 9.9 · 9.4 | 2.6 · 5.3 | 1.6 · 6.3 |
| Debt / equity (x) | 0.98 | 1.00 | 0.81 | 0.63 | 0.60 |
| Cash from operations | 565 | 592 | 473 | 737 | 493 |
| Capex | (368) | (369) | (495) | (389) | (358) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,685 | 1,859 | 2,102 | 1,922 | 1,855 | 1,844 | 2,110 | 1,835 |
| Profit before tax | (116) | (37) | 159 | (6) | 13 | 76 | 16 | 117 |
| Net profit | (104) | 46 | 121 | (6) | 2 | 50 | (16) | 113 |
| EPS (₹) | (1.78) | 0.96 | 2.57 | 0.05 | 0.06 | 1.21 | 0.13 | 2.07 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Cement | 3,405 | 43.9 |
| HRJ | 2,447 | 31.6 |
| RMC | 1,551 | 20.0 |
| Insurance | 351 | 4.5 |
| Total, before eliminations | 7,754 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ULTRATECH CEMENT LIMITED | 3,29,452 | 38.5 | 4.08 | 20.1 | 10.1 | 10.2 | 14.6 | 20.8 |
| GRASIM INDUSTRIES LTD | 1,97,360 | 34.5 | 1.16 | 16.4 | 6.1 | 3.2 | 18.1 | 16.6 |
| AMBUJA CEMENTS LTD | 87,273 | 19.8 | 1.21 | 12.2 | 7.8 | 4.3 | — | 18.3 |
| SHREE CEMENT LIMITED | 83,056 | 51.0 | 3.56 | 15.9 | 7.5 | 9.4 | 9.2 | 23.8 |
| JK CEMENT LIMITED | 38,558 | 40.8 | 5.44 | 17.7 | 13.9 | 10.3 | 15.7 | 17.0 |
| DALMIA BHARAT LIMITED | 28,101 | 29.7 | 1.55 | 10.6 | 6.4 | 5.2 | 7.1 | 19.6 |
| ACC LIMITED | 21,387 | 11.2 | 1.04 | 6.2 | 10.4 | 9.9 | — | 8.4 |
| THE RAMCO CEMENTS LIMITED | 17,308 | 26.9 | 2.14 | 10.3 | 8.6 | 7.1 | 11.3 | 14.3 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 27.7 | 27.7 | 15 of 29 | 50% |
| P/B | 2.6 | 1.3 | 28 of 34 | 18% |
| ROCE | 2.7 | 3.7 | 21 of 37 | 44% |
| ROE | 1.6 | 7.2 | 23 of 34 | 33% |
| Debt / Equity | 0.6 | 0.4 | 19 of 33 | 44% |
| EBITDA margin | 15.0 | 13.1 | 14 of 37 | 64% |
| Revenue growth | (4.5) | 7.8 | 29 of 37 | 22% |
| Profit growth | 2127.0 | (24.7) | 1 of 37 | 100% |
| Market cap | 4831 | 1735 | 15 of 38 | 62% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Newspaper ad on special window for physical shares dematerialisation | compliance | minimal | — | — |
| 30 Sept 2026 · Prism Johnson senior management personnel change | management changes | medium | — | — |
| 25 Sept 2026 · Trading Window closed for Q2 and H1 FY26 results period | compliance | minimal | — | — |
| 25 Sept 2026 · Prism Johnson to invest up to Rs 40 Cr in 49.5 MW wind power SPV | capex operations | medium | — | — |
| 11 Sept 2026 · Prism Johnson to participate in Axis Capital investor conference on September 17 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · CESTAT sets aside Rs 11.53 Cr excise demand on Prism Johnson | regulatory legal | high | — | — |
| 7 Sept 2026 · Prism Johnson wins GST appeal; Rs 22.7 Cr demand set aside | regulatory legal | high | — | — |
| 28 Aug 2026 · Investor meet with Elara Capital on September 3 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Crisil reaffirms A1+ rating on Prism Johnson commercial paper programme | credit debt | medium | — | — |
| 21 Aug 2026 · Newspaper clippings on special window for shares dematerialisation | compliance | minimal | — | — |
How to read this document
| 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 | 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 |
Sources, method and disclosures
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.