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 ₹ 43,119 Cr.
- Current Price ₹ 5,580
- High / Low ₹ 7,566 / 3,891
- Stock P/E 41.6
- Book Value ₹ 788
- Dividend Yield 0.27 %
- ROCE 14.0 %
- ROE 13.9 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 20.1%
Cons
- Stock is trading at 7.03 times its book value
- Company has a low return on equity of 13.3% over last 3 years.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 3,401 | 4,362 | 4,010 | 4,854 | 5,259 | 5,802 | 6,606 | 7,991 | 9,720 | 11,556 | 11,879 | 12,883 | |
| 2,437 | 2,948 | 3,816 | 3,284 | 4,064 | 4,420 | 4,556 | 5,022 | 6,478 | 8,393 | 9,485 | 9,845 | 10,492 | |
| Operating Profit | 353 | 453 | 546 | 726 | 789 | 839 | 1,246 | 1,585 | 1,513 | 1,327 | 2,071 | 2,034 | 2,391 |
| OPM % | 13% | 13% | 13% | 18% | 16% | 16% | 21% | 24% | 19% | 14% | 18% | 17% | 19% |
| 48 | 67 | 50 | 79 | 110 | 76 | 53 | 67 | 112 | 75 | 129 | 269 | 199 | |
| Interest | 153 | 229 | 305 | 303 | 284 | 261 | 276 | 253 | 270 | 312 | 453 | 459 | 440 |
| Depreciation | 134 | 146 | 197 | 217 | 231 | 241 | 288 | 306 | 342 | 462 | 573 | 601 | 604 |
| Profit before tax | 114 | 144 | 94 | 286 | 383 | 412 | 734 | 1,093 | 1,013 | 628 | 1,174 | 1,242 | 1,546 |
| Tax % | 34% | 2% | 41% | 40% | 25% | 36% | 34% | 36% | 33% | 34% | 33% | 30% | |
| 75 | 142 | 55 | 172 | 286 | 264 | 483 | 703 | 679 | 416 | 790 | 872 | 1,035 | |
| EPS in Rs | 11.03 | 20.54 | 8.27 | 25.42 | 41.41 | 34.99 | 64.25 | 91.85 | 88.93 | 54.82 | 102.35 | 111.45 | 133.95 |
| Dividend Payout % | 27% | 19% | 48% | 31% | 24% | 29% | 12% | 16% | 17% | 27% | 20% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 15% |
| 3 Years: | 14% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 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: | 15% |
| 3 Years: | 13% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 70 | 70 | 70 | 70 | 70 | 77 | 77 | 77 | 77 | 77 | 77 | 77 |
| Reserves | 1,676 | 1,547 | 1,517 | 1,641 | 1,905 | 2,625 | 2,950 | 3,659 | 4,248 | 4,607 | 5,290 | 6,012 |
| 2,783 | 3,229 | 3,323 | 3,317 | 2,941 | 2,973 | 3,503 | 3,626 | 4,115 | 5,292 | 5,549 | 6,028 | |
| 1,234 | 1,205 | 1,275 | 1,383 | 1,541 | 1,737 | 2,011 | 2,509 | 2,963 | 3,331 | 3,886 | 4,564 | |
| Total Liabilities | 5,764 | 6,051 | 6,185 | 6,411 | 6,456 | 7,413 | 8,542 | 9,872 | 11,403 | 13,307 | 14,802 | 16,682 |
| 2,327 | 4,074 | 4,254 | 4,542 | 4,443 | 4,537 | 5,554 | 5,937 | 6,544 | 8,467 | 9,298 | 9,519 | |
| CWIP | 1,788 | 337 | 321 | 127 | 104 | 574 | 530 | 509 | 1,032 | 592 | 464 | 1,317 |
| Investments | 68 | 37 | 79 | 80 | 119 | 438 | 46 | 142 | 216 | 92 | 368 | 601 |
| 1,582 | 1,603 | 1,532 | 1,662 | 1,789 | 1,863 | 2,412 | 3,283 | 3,612 | 4,155 | 4,672 | 5,244 | |
| Total Assets | 5,764 | 6,051 | 6,185 | 6,411 | 6,456 | 7,413 | 8,542 | 9,872 | 11,403 | 13,307 | 14,802 | 16,682 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 364 | 256 | 580 | 772 | 883 | 704 | 1,367 | 1,593 | 878 | 1,377 | 1,959 | 1,939 | |
| -1,558 | -478 | -408 | -668 | -79 | -825 | -1,483 | -1,348 | -984 | -1,964 | -1,626 | -1,890 | |
| 1,227 | 230 | -193 | -346 | -723 | 173 | -108 | -137 | 62 | 741 | -416 | 74 | |
| Net Cash Flow | 33 | 8 | -21 | -242 | 81 | 52 | -225 | 108 | -44 | 154 | -83 | 123 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 19 | 18 | 18 | 18 | 18 | 17 | 20 | 20 | 18 | 18 | 24 |
| Inventory Days | 466 | 345 | 258 | 292 | 269 | 257 | 289 | 257 | 343 | 223 | 235 | 213 |
| Days Payable | 378 | 196 | 160 | 222 | 303 | 179 | 206 | 204 | 203 | 188 | 185 | 199 |
| Cash Conversion Cycle | 102 | 169 | 116 | 88 | -17 | 96 | 100 | 73 | 159 | 53 | 68 | 38 |
| Working Capital Days | -37 | -26 | -33 | -27 | -21 | -29 | -14 | -5 | 15 | -4 | 2 | -23 |
| ROCE % | 7% | 8% | 8% | 12% | 14% | 13% | 17% | 20% | 17% | 10% | 16% | 14% |
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]