J K Cements Ltd

J K Cements Ltd

₹ 5,460 -1.11%
25 May 2:27 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 42,188 Cr.
  • Current Price 5,460
  • High / Low 7,566 / 4,801
  • Stock P/E 41.1
  • Book Value 911
  • Dividend Yield 0.27 %
  • ROCE 15.1 %
  • ROE 15.6 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 6.03 times its book value
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
2,778 2,763 2,753 2,935 3,106 2,808 2,560 2,930 3,581 3,353 3,019 3,463 3,888
2,428 2,355 2,286 2,310 2,546 2,321 2,276 2,438 2,816 2,665 2,573 2,906 3,205
Operating Profit 350 408 467 625 560 486 284 492 765 688 447 557 682
OPM % 13% 15% 17% 21% 18% 17% 11% 17% 21% 21% 15% 16% 18%
38 17 29 38 55 45 140 45 46 56 51 -2 41
Interest 101 109 115 114 115 110 123 112 113 109 105 113 98
Depreciation 132 135 141 140 153 147 146 146 162 146 149 175 182
Profit before tax 154 181 241 409 347 273 155 279 535 489 243 268 444
Tax % 31% 37% 27% 31% 37% 32% 12% 32% 32% 34% 34% 35% 25%
107 113 176 284 220 185 136 190 361 324 159 174 331
EPS in Rs 14.17 14.84 22.69 36.73 28.44 23.98 16.28 24.54 46.64 41.99 20.78 22.60 43.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,401 4,362 4,010 4,854 5,259 5,802 6,606 7,991 9,720 11,556 11,879 13,722
2,948 3,816 3,284 4,064 4,420 4,556 5,022 6,478 8,393 9,485 9,845 11,348
Operating Profit 453 546 726 789 839 1,246 1,585 1,513 1,327 2,071 2,034 2,374
OPM % 13% 13% 18% 16% 16% 21% 24% 19% 14% 18% 17% 17%
67 50 79 110 76 53 67 112 75 129 269 147
Interest 229 305 303 284 261 276 253 270 312 453 459 424
Depreciation 146 197 217 231 241 288 306 342 462 573 601 653
Profit before tax 144 94 286 383 412 734 1,093 1,013 628 1,174 1,242 1,444
Tax % 2% 41% 40% 25% 36% 34% 36% 33% 34% 33% 30% 32%
142 55 172 286 264 483 703 679 416 790 872 988
EPS in Rs 20.54 8.27 25.42 41.41 34.99 64.25 91.85 88.93 54.82 102.35 111.45 128.45
Dividend Payout % 19% 48% 31% 24% 29% 12% 16% 17% 27% 20% 13% 16%
Compounded Sales Growth
10 Years: 12%
5 Years: 16%
3 Years: 12%
TTM: 16%
Compounded Profit Growth
10 Years: 33%
5 Years: 7%
3 Years: 33%
TTM: 29%
Stock Price CAGR
10 Years: 25%
5 Years: 14%
3 Years: 23%
1 Year: 9%
Return on Equity
10 Years: 15%
5 Years: 15%
3 Years: 15%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 70 70 70 70 77 77 77 77 77 77 77 77
Reserves 1,547 1,517 1,641 1,905 2,625 2,950 3,659 4,248 4,607 5,290 6,012 6,960
3,229 3,323 3,317 2,941 2,973 3,503 3,626 4,115 5,292 5,549 6,028 6,183
1,205 1,275 1,383 1,541 1,737 2,011 2,509 2,963 3,331 3,886 4,564 5,280
Total Liabilities 6,051 6,185 6,411 6,456 7,413 8,542 9,872 11,403 13,307 14,802 16,682 18,500
4,074 4,254 4,542 4,443 4,537 5,554 5,937 6,544 8,467 9,298 9,519 11,587
CWIP 337 321 127 104 574 530 509 1,032 592 464 1,317 1,053
Investments 37 79 80 119 438 46 142 216 92 368 601 447
1,603 1,532 1,662 1,789 1,863 2,412 3,283 3,612 4,155 4,672 5,244 5,412
Total Assets 6,051 6,185 6,411 6,456 7,413 8,542 9,872 11,403 13,307 14,802 16,682 18,500

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
256 580 772 883 704 1,367 1,593 878 1,377 1,959 1,939 1,873
-478 -408 -668 -79 -825 -1,483 -1,348 -984 -1,964 -1,626 -1,890 -1,745
230 -193 -346 -723 173 -108 -137 62 741 -416 74 -385
Net Cash Flow 8 -21 -242 81 52 -225 108 -44 154 -83 123 -257
Free Cash Flow -291 199 388 739 73 124 834 -649 -226 792 241 -376
CFO/OP 63% 112% 115% 125% 96% 122% 113% 72% 116% 102% 105% 88%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 19 18 18 18 18 17 20 20 18 18 24 20
Inventory Days 345 258 292 269 257 289 257 343 223 235 213 249
Days Payable 196 160 222 303 179 206 204 203 188 185 199 198
Cash Conversion Cycle 169 116 88 -17 96 100 73 159 53 68 38 71
Working Capital Days -26 -33 -27 -21 -29 -14 -5 15 -4 2 -23 -21
ROCE % 8% 8% 12% 14% 13% 17% 20% 17% 10% 16% 14% 15%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Grey Cement Sales Volume
Million Tons ・Standalone data

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Grey Cement Installed Capacity
MnTPA
Total Distribution Network (Dealers & Retailers)
Numbers
White Cement & Wall Putty Sales Volume
Million Tons
Grey Cement Capacity Utilization
%
White Cement & Wall Putty Installed Capacity
MnTPA ・Includes some standalone data
Green Power Mix
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
45.80% 45.80% 45.70% 45.70% 45.70% 45.68% 45.68% 45.68% 45.66% 45.66% 45.66% 45.66%
15.50% 14.40% 15.25% 15.92% 17.71% 17.55% 16.88% 16.14% 17.56% 18.57% 17.89% 16.86%
23.15% 24.25% 24.01% 23.37% 22.06% 22.43% 23.70% 24.50% 23.05% 21.74% 22.49% 23.75%
15.54% 15.54% 15.00% 14.99% 14.52% 14.32% 13.73% 13.68% 13.72% 14.02% 13.94% 13.73%
No. of Shareholders 71,76472,58268,18177,58079,16281,19674,52773,42876,42488,76783,05082,016

* 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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