Loading…
Indian cement maker, and India's largest producer of white cement and wall putty.
Indian cement maker, and India's largest producer of white cement and wall putty.
Grey cement carries the volume, but white cement and wall putty (a smoothing coat applied before painting) are the higher-priced lines sold under the J.K. brand through dealers. It sells mainly in northern and central India and has a white-cement plant in the UAE. The Singhania family of the J.K. group controls it.
Moat: narrow (brand, scale). Dominant leadership in white cement/putty niche, though grey cement faces intense competition from much larger players.
Headquarters: Kanpur, India · Founded: 1975 · Employees: 13,944
Size J.K. Cement (JKCEMENT.NS) is an India Industrials company (Construction Materials) with a market value of $4.28B, the 228th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹5,240 on 6 Nov 2026.
Performance Over six months the shares fell 6.9%, against -13.0% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 9 in its peer set.
Growth Revenue grew 17.3% over the last twelve months (peer median +8.3%); the operating margin is 11.4% (peer median 7.1%).
Valuation It trades at 37.7× forward earnings against a peer median of 31.7× (4th most expensive of 9).
Capital Return on invested capital runs 4.2 points below its cost of capital (13.2% WACC).
Next results Next results expected around 1 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹151B | ₹135B | ₹116B | ₹113B | ₹95.9B |
| Revenue growth | — | +16% | +3% | +18% | — |
| Gross profit | ₹78.9B | ₹59.2B | ₹46.5B | ₹46.6B | ₹36.1B |
| EBITDA | ₹24.0B | ₹21.7B | ₹17.6B | ₹18.2B | ₹12.2B |
| Net income | ₹9.58B | ₹9.92B | ₹8.61B | ₹7.91B | ₹4.24B |
| Free cash flow | n/a | -₹6.32B | -₹489M | ₹4.62B | -₹4.60B |
| Capital expenditure | n/a | ₹22.7B | ₹17.2B | ₹11.7B | ₹16.1B |
| Total debt | ₹74.9B | ₹61.8B | ₹60.3B | ₹55.5B | ₹52.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| J.K. Cement JKCEMENT.NS | $4.28B | -7% | +17% | 11% | 37.7× | n/a |
| UltraTech Cement ULTRACEMCO.NS | $38.8B | +2% | +18% | 14% | 38.0× | 35.8% |
| ACC ACC.NS | $2.46B | -13% | +8% | 4% | 22.9× | n/a |
| Shree Cement SHREECEM.NS | $9.63B | -2% | +14% | 8% | 51.4× | 38.8% |
| Grasim Industries GRASIM.NS | $23.3B | +9% | +20% | 21% | 65.8× | -3.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | JKCEMENT.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.8% | +7.8% | 3rd lowest of 9 |
| 6-month return | -6.9% | -13.0% | 4th highest of 9 |
| Distance from 52-week high | -17.7% | -30.4% | 3rd highest of 9 |
| Revenue growth (TTM) | +17.3% | +8.3% | highest of 9 |
| Operating margin | 11.4% | 7.1% | 2nd highest of 9 |
| Forward P/E | 37.7× | 31.7× | 4th most expensive of 9 |
| ROIC minus cost of capital | -4.2 pp | -7.2 pp | highest of 9 |
| EV / EBITDA | 19.8× | 16.0× | 3rd most expensive of 9 |
| Net debt / EBITDA | 2.9× | 2.5× | 3rd most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| J.K. Cement JKCEMENT.NS | India | $4.28B | -7% | +17% | 11% | 37.7× | n/a | n/a |
| Dalmia Bharat DALBHARAT.NS | India | $2.92B | -26% | +6% | 9% | 31.2× | n/a | n/a |
| ACC ACC.NS | India | $2.46B | -13% | +8% | 4% | 22.9× | n/a | n/a |
| Ramco Cements RAMCOCEM.NS | India | $2.05B | -15% | +9% | 6% | 70.1× | 31.6% | +11.2% |
| Shree Cement SHREECEM.NS | India | $9.63B | -2% | +14% | 8% | 51.4× | 38.8% | +9.4% |
| Ambuja Cements AMBUJACEM.NS | India | $10.3B | -13% | +6% | 4% | 44.1× | n/a | n/a |
| JSW Cement JSWCEMENT.NS | India | $1.78B | -1% | +13% | 12% | 32.2× | n/a | n/a |
| Nuvoco Vistas NUVOCO.NS | India | $1.29B | +2% | +11% | 8% | 20.8× | 17.8% | +8.9% |
| India Cements INDIACEM.NS | India | $1.14B | -15% | +5% | 5% | 25.6× | n/a | n/a |