J K Cements Ltd
The Company is engaged in the manufacturing and selling of Cement and Cement related products with over 4 decades of experience in cement manufacturing. It is an affiliate of the multi-disciplinary industrial conglomerate JK Organisation. [1]
- Market Cap ₹ 43,394 Cr.
- Current Price ₹ 5,616
- High / Low ₹ 7,566 / 3,891
- Stock P/E 39.7
- Book Value ₹ 833
- Dividend Yield 0.27 %
- ROCE 14.5 %
- ROE 14.6 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 18.3%
Cons
- Stock is trading at 6.66 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,790 | 3,351 | 4,124 | 3,745 | 4,591 | 4,981 | 5,464 | 6,328 | 7,679 | 9,310 | 10,918 | 11,093 | 12,107 | |
| 2,415 | 2,885 | 3,604 | 3,051 | 3,829 | 4,167 | 4,250 | 4,769 | 6,166 | 7,977 | 8,903 | 9,109 | 9,768 | |
| Operating Profit | 376 | 466 | 520 | 694 | 762 | 814 | 1,214 | 1,560 | 1,513 | 1,333 | 2,015 | 1,984 | 2,339 |
| OPM % | 13% | 14% | 13% | 19% | 17% | 16% | 22% | 25% | 20% | 14% | 18% | 18% | 19% |
| 47 | 49 | 57 | 80 | 109 | 76 | -125 | -99 | -18 | 73 | 119 | 217 | 248 | |
| Interest | 153 | 219 | 271 | 273 | 245 | 222 | 223 | 223 | 249 | 296 | 437 | 449 | 432 |
| Depreciation | 134 | 137 | 164 | 176 | 186 | 194 | 214 | 245 | 282 | 392 | 486 | 508 | 508 |
| Profit before tax | 136 | 159 | 142 | 324 | 440 | 474 | 652 | 993 | 964 | 718 | 1,212 | 1,243 | 1,646 |
| Tax % | 29% | 1% | 27% | 35% | 22% | 31% | 39% | 39% | 35% | 30% | 31% | 30% | |
| 97 | 157 | 103 | 211 | 342 | 325 | 400 | 603 | 631 | 503 | 831 | 870 | 1,130 | |
| EPS in Rs | 13.88 | 22.44 | 14.78 | 30.14 | 48.89 | 42.05 | 51.82 | 78.02 | 81.62 | 65.06 | 107.50 | 112.60 | 146.30 |
| Dividend Payout % | 22% | 18% | 27% | 27% | 20% | 24% | 14% | 19% | 18% | 23% | 19% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 15% |
| 3 Years: | 13% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 9% |
| 3 Years: | 4% |
| TTM: | 43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 24% |
| 3 Years: | 24% |
| 1 Year: | 39% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 16% |
| 3 Years: | 14% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 70 | 70 | 70 | 70 | 70 | 77 | 77 | 77 | 77 | 77 | 77 | 77 | 77 |
| Reserves | 1,689 | 1,577 | 1,620 | 1,802 | 2,077 | 2,816 | 3,052 | 3,656 | 4,174 | 4,562 | 5,276 | 5,988 | 6,357 |
| 2,320 | 2,609 | 2,643 | 2,643 | 2,354 | 2,359 | 2,776 | 2,999 | 3,267 | 4,966 | 5,234 | 5,912 | 6,372 | |
| 1,024 | 1,093 | 1,231 | 1,329 | 1,483 | 1,696 | 1,950 | 2,437 | 2,824 | 3,218 | 3,697 | 4,361 | 4,585 | |
| Total Liabilities | 5,103 | 5,348 | 5,564 | 5,843 | 5,984 | 6,947 | 7,855 | 9,169 | 10,342 | 12,823 | 14,285 | 16,339 | 17,392 |
| 2,313 | 3,338 | 3,523 | 3,680 | 3,597 | 3,635 | 4,468 | 4,809 | 5,368 | 7,301 | 8,082 | 8,373 | 8,429 | |
| CWIP | 1,102 | 191 | 152 | 105 | 88 | 556 | 509 | 489 | 71 | 590 | 415 | 1,309 | 1,893 |
| Investments | 300 | 315 | 437 | 536 | 635 | 1,005 | 566 | 807 | 1,745 | 1,016 | 1,480 | 1,839 | 1,704 |
| 1,389 | 1,505 | 1,452 | 1,523 | 1,665 | 1,751 | 2,312 | 3,064 | 3,159 | 3,916 | 4,308 | 4,818 | 5,365 | |
| Total Assets | 5,103 | 5,348 | 5,564 | 5,843 | 5,984 | 6,947 | 7,855 | 9,169 | 10,342 | 12,823 | 14,285 | 16,339 | 17,392 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 187 | 434 | 589 | 712 | 790 | 711 | 1,099 | 1,569 | 1,009 | 1,402 | 1,895 | 2,049 | |
| -1,046 | -458 | -390 | -655 | -131 | -863 | -1,311 | -1,515 | -906 | -2,072 | -1,740 | -2,016 | |
| 874 | 84 | -215 | -302 | -598 | 207 | 11 | -6 | -123 | 811 | -297 | 122 | |
| Net Cash Flow | 15 | 60 | -16 | -246 | 61 | 55 | -201 | 48 | -19 | 142 | -142 | 155 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 15 | 15 | 15 | 14 | 15 | 15 | 15 | 18 | 19 | 16 | 15 | 22 |
| Inventory Days | 466 | 335 | 232 | 286 | 251 | 243 | 265 | 238 | 320 | 204 | 227 | 192 |
| Days Payable | 212 | 150 | 152 | 217 | 304 | 177 | 191 | 191 | 192 | 178 | 161 | 179 |
| Cash Conversion Cycle | 269 | 200 | 95 | 84 | -38 | 80 | 89 | 66 | 147 | 42 | 81 | 34 |
| Working Capital Days | -10 | -20 | -28 | -28 | -19 | -27 | -9 | 0 | 17 | -1 | 3 | -28 |
| ROCE % | 8% | 9% | 10% | 14% | 16% | 14% | 19% | 23% | 19% | 12% | 16% | 15% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - Newspaper advertisement regarding Postal Ballot Notice
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
10 Nov - Postal ballot for appointment of Alok Dhir and approvals to raise borrowing and security up to Rs15,000 crore, voting Nov11-Dec10.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
6 Nov - Transcript of the Earning Call on unaudited Financial Results of the Company for the Half Year and Second Quarter ended September 30, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
4 Nov - Audio of Nov 4, 2025 earnings call for Q2/H1 ended Sep 30, 2025 available; transcript pending.
- Announcement under Regulation 30 (LODR)-Investor Presentation 1 Nov
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Concalls
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Nov 2025Transcript PPT
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Nov 2025TranscriptNotesPPT
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Jul 2025Transcript PPT
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May 2025TranscriptPPT
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Mar 2025TranscriptNotesPPT
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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Sep 2024TranscriptNotesPPT
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Jul 2024TranscriptPPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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Jan 2024TranscriptPPT
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Jan 2024Transcript PPT
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Nov 2023TranscriptPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023TranscriptPPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Jun 2020TranscriptNotesPPT
Market Position
The company is among the top 10 grey cement manufacturers in India. It is the fifth-largest cement manufacturer in North India. Furthermore, it has become the sixth-largest player in the central region. [1]