J K Cements Ltd

J K Cements Ltd

₹ 5,616 1.10%
17 Nov 2:42 p.m.
About

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]

Key Points

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]

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
2,142 2,340 2,665 2,624 2,571 2,785 2,939 2,643 2,410 2,715 3,343 3,190 2,859
1,845 2,094 2,301 2,221 2,124 2,176 2,391 2,164 2,140 2,226 2,607 2,517 2,419
Operating Profit 297 246 364 402 447 608 548 479 271 490 736 673 440
OPM % 14% 11% 14% 15% 17% 22% 19% 18% 11% 18% 22% 21% 15%
23 18 36 14 28 35 53 44 37 44 99 56 49
Interest 62 74 98 105 109 111 111 107 120 114 109 106 103
Depreciation 90 101 112 118 120 118 131 124 128 125 133 125 125
Profit before tax 167 90 190 194 246 415 358 292 60 295 593 498 261
Tax % 25% 36% 27% 35% 27% 30% 34% 31% 33% 31% 30% 33% 33%
125 58 139 126 179 289 236 203 40 205 417 332 176
EPS in Rs 16.16 7.46 18.04 16.35 23.16 37.46 30.54 26.23 5.24 26.51 54.01 43.03 22.75
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
45.84% 45.83% 45.80% 45.80% 45.70% 45.70% 45.70% 45.68% 45.68% 45.68% 45.66% 45.66%
15.88% 15.54% 15.50% 14.40% 15.25% 15.92% 17.71% 17.55% 16.88% 16.14% 17.56% 18.57%
21.85% 22.46% 23.15% 24.25% 24.01% 23.37% 22.06% 22.43% 23.70% 24.50% 23.05% 21.74%
16.42% 16.17% 15.54% 15.54% 15.00% 14.99% 14.52% 14.32% 13.73% 13.68% 13.72% 14.02%
No. of Shareholders 76,44475,76371,76472,58268,18177,58079,16281,19674,52773,42876,42488,767

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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