JSW Cement

Q: Is JSW Cement overvalued or undervalued?

As of 26 November 2025, the valuation grade for JSW Cement has moved from expensive to fair. The company is currently fairly valued. Key ratios include a PE Ratio of 155.65, an EV to EBITDA of 25.50, and a ROCE of 5.01%. In comparison to peers, UltraTech Cement is rated as very expensive with a PE of 47.25, while Grasim Industries is considered attractive with a PE of 42.71.Despite the fair valuation, JSW Cement's stock has underperformed relative to the Sensex, with a 1-month return of -13.81% compared to the Sensex's 1.66%. This suggests that while the company is fairly valued, market sentiment may be weighing on its stock performance.

Q: Why is JSW Cement Ltd falling/rising?

As of 07-Feb, JSW Cement Ltd's stock price is falling, currently at 121.30, which reflects a decrease of 2.25 (-1.82%). This decline is notable as the stock has underperformed its sector by 1.44% today and has experienced a trend reversal after two consecutive days of gains. Additionally, the stock touched an intraday low of Rs 120.4, marking a drop of 2.55%. Despite a recent increase in investor participation, with delivery volume rising significantly by 751.02% against the 5-day average, the overall performance over the past month shows a decline of 1.14%, while the year-to-date performance is slightly positive at +2.06%. However, the stock's current price is lower than the 100-day and 200-day moving averages, indicating a bearish trend in the longer term. These factors combined suggest that the stock's recent performance and current price movements are influenced by a combination of short-term volatility and longer-term trends, leading to its current decline.

Market Cap: Mid Cap
Industry: Cement & Cement Products
ISIN: INE718I01012
NSEID: JSWCEMENT
BSEID: 544480
View on NSE | View on BSE

INR

121.30

-2.25 (-1.82%)

BSENSE

Feb 06

BSE+NSE Vol: 30.5 lacs

Access older stock analysis version

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

30.5 lacs (-72.64%) Volume

Shareholding (Dec 2025)

FII

3.03%

Held by 31 FIIs

DII

0.48%

Held by 28 DIIs

Promoter

72.33%

How has been the historical performance of JSW Cement?

02-Sep-2025

JSW Cement's financial performance in Mar'25 showed net sales of 5,813.07 crore but a consolidated net profit of -114.08 crore, reflecting significant challenges in profitability and cash flow management. Total liabilities increased to 11,881.17 crore, while cash and cash equivalents fell to 65.00 crore.

Answer: The historical performance of JSW Cement shows a challenging financial landscape, particularly in Mar'25, where the company reported net sales of 5,813.07 crore and total operating income of the same amount. The total expenditure, excluding depreciation, was 5,099.34 crore, leading to an operating profit (PBDIT) of 815.32 crore. However, after accounting for interest expenses of 450.15 crore and depreciation of 310.34 crore, the profit before tax was only 54.83 crore, resulting in a profit after tax of -65.29 crore. Consequently, the consolidated net profit stood at -114.08 crore, with an earnings per share (EPS) of -1.16. The operating profit margin was 12.28%, while the profit after tax margin was -2.82%. In terms of balance sheet results, total liabilities increased to 11,881.17 crore in Mar'25 from 11,216.05 crore in Mar'24, with long-term borrowings rising to 5,010.42 crore. Shareholder's funds decreased to 2,352.55 crore, and total reserves fell to 1,366.20 crore. The cash flow statement indicates a profit before tax of -43.00 crore, with cash flow from operating activities at 736.00 crore, but a net cash outflow of -53.00 crore was recorded. The closing cash and cash equivalents were 65.00 crore, down from 118.00 crore in the previous year. Overall, JSW Cement's financial performance in Mar'25 reflects significant challenges, particularly in profitability and cash flow management. Breakdown: JSW Cement's financial performance in Mar'25 reveals a net sales figure of 5,813.07 crore, with total operating income matching this amount. The company faced substantial costs, leading to a total expenditure of 5,099.34 crore, which resulted in an operating profit (PBDIT) of 815.32 crore. However, after accounting for interest and depreciation, the profit before tax was only 54.83 crore, culminating in a profit after tax of -65.29 crore and a consolidated net profit of -114.08 crore. The operating profit margin was recorded at 12.28%, while the profit after tax margin was negative at -2.82%. On the balance sheet, total liabilities rose to 11,881.17 crore, with long-term borrowings increasing to 5,010.42 crore, and shareholder's funds decreased to 2,352.55 crore. The cash flow statement indicated a profit before tax of -43.00 crore, with cash flow from operating activities at 736.00 crore, but the company experienced a net cash outflow of -53.00 crore, resulting in closing cash and cash equivalents of 65.00 crore.

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Is JSW Cement overvalued or undervalued?

27-Nov-2025

As of November 26, 2025, JSW Cement is fairly valued with a PE ratio of 155.65, but its stock has underperformed the Sensex with a 1-month return of -13.81%.

View full answer

When is the next results date for JSW Cement Ltd?

28-Jan-2026

The next results date for JSW Cement Ltd is 04 February 2026.

View full answer

Which are the latest news on JSW Cement?

07-Feb-2026

When is the next results date for JSW Cement Ltd?
Is JSW Cement overvalued or undervalued?

Why is JSW Cement Ltd falling/rising?

07-Feb-2026

As of 07-Feb, JSW Cement Ltd's stock price is declining at 121.30, down 1.82% and underperforming its sector. Despite increased investor participation, the stock shows a bearish trend, being below its 100-day and 200-day moving averages.

View full answer

Compare JSW Cement with Similar Stocks

The Ramco Cement India Cements ACC

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Dashboard

Unrated Stock - No Analysis Available

Mojo Parameters

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Stock DNA

Industry

Cement & Cement Products

Market cap

INR 16,497 Cr (Mid Cap)

P/E

162.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.40

Return on Equity

1.55%

Price to Book

2.56

Revenue and Profits:

Net Sales:

1,621 Cr

(Quarterly Results - Dec 2025)

Net Profit:

142 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-5.6%

6 Months

0.0%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

0.0%

JSW Cement for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

When is the next results date for JSW Cement Ltd?

The next results date for JSW Cement Ltd is scheduled for 04 February 2026....

Read full news article

Is JSW Cement overvalued or undervalued?

Understanding JSW Cement’s Valuation Metrics

JSW Cement’s price-to-earnings (PE) ratio stands at an elevated 155.7, a figure that initially suggests a premium valuation relative to earnings. However, this high PE is partly influenced by the company’s modest profitability, with a return on capital employed (ROCE) of just 5.0% and return on equity (ROE) at 1.55%. These returns are relatively low for the cement industry, indicating that earnings generation is currently subdued.

The price-to-book (P/B) ratio of 2.41 indicates that the market values JSW Cement at more than twice its net asset value, which is not uncommon in capital-intensive sectors but warrants scrutiny given the company’s earnings profile. Meanwhile, the enterprise value to EBITDA (EV/EBITDA) multiple of ...

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Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

05-Feb-2026 | Source : BSE

Pursuant to Regulation 30 of the Listing Regulations please note that the management of the Company shall be participating in the Institutional Investors group meetings to be held on 10th Feb 2026 and 26th Feb 2026. Please note that the aforesaid schedule is subject to change on account of any exigency. Please note that no Unpublished Price Sensitive Information (UPSI) is proposed to be shared by the Company during the aforesaid Investor Meeting(s). The above is for your information and record.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

05-Feb-2026 | Source : BSE

This is further to the intimations done by the Company on 28th January 2026 and 4th February 2026 with respect to the Result Conference Call hosted by the Management of our Company on Thursday 5th February 2026 at 10:00 a.m. (Indian Standard Time) to discuss the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 31st December 2025. The audio recording of the Conference Call has been uploaded on our website at https://www.jswcement.in/financial-results-data.php.

Incorporation Of Wholly Owned Subsidiary/Subsidiary Company Of JSW Cement Limited In Fujairah UAE Which Will Set Up A Cement Grinding Unit (GU) Of 1.65 Million Tonnes Per Annum (MTPA) In Fujairah UAE.

04-Feb-2026 | Source : BSE

This is to inform you that Board of Directors in its meeting held today i.e. 4th February 2026 has considered and approved Incorporation of Wholly Owned Subsidiary/ Subsidiary Company of JSW Cement Limited in Fujairah UAE which will set up a Cement Grinding Unit (GU) of 1.65 million tonnes per annum (MTPA) in Fujairah UAE.

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

-0.20%

EBIT Growth (5y)

14.39%

EBIT to Interest (avg)

1.20

Debt to EBITDA (avg)

5.25

Net Debt to Equity (avg)

1.76

Sales to Capital Employed (avg)

0.72

Tax Ratio

57.97%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

11.12%

ROCE (avg)

5.81%

ROE (avg)

3.93%

Valuation key factors

Factor

Value

P/E Ratio

162

Industry P/E

Price to Book Value

2.51

EV to EBIT

41.46

EV to EBITDA

26.43

EV to Capital Employed

2.08

EV to Sales

3.48

PEG Ratio

Dividend Yield

ROCE (Latest)

5.01%

ROE (Latest)

1.55%

Technicals key factors

Indicator

Weekly

Monthly

No records

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 19 Schemes (7.33%)

FIIs

Held by 31 FIIs (3.03%)

Promoter with highest holding

Adarsh Advisory Services Pvt Ltd (63.9%)

Highest Public shareholder

Sbi Elss Tax Saver Fund (3.6%)

Individual Investors Holdings

6.68%

Financial

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          "field": "Standalone Net Profit",
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          "field": "Operating Profit Margin (Excl OI)",
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Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

1,478.67

1,322.20

11.83%

Operating Profit (PBDIT) excl Other Income

275.75

257.56

7.06%

Interest

67.80

84.07

-19.35%

Exceptional Items

-31.26

0.00

Standalone Net Profit

149.46

95.94

55.78%

Operating Profit Margin (Excl OI)

18.65%

19.48%

-0.83%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Dec 2025 is 11.83% vs -8.51% in Sep 2025

Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is 55.78% vs 107.20% in Sep 2025

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

2,767.42

2,547.07

8.65%

Operating Profit (PBDIT) excl Other Income

577.85

321.54

79.71%

Interest

170.67

189.26

-9.82%

Exceptional Items

-1,466.39

0.00

Standalone Net Profit

-1,236.40

35.14

-3,618.50%

Operating Profit Margin (Excl OI)

20.88%

12.62%

8.26%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

4,246.09

3,907.86

8.66%

Operating Profit (PBDIT) excl Other Income

853.60

482.41

76.94%

Interest

238.47

286.68

-16.82%

Exceptional Items

-1,497.65

0.00

Standalone Net Profit

-1,086.94

32.42

-3,452.68%

Operating Profit Margin (Excl OI)

20.10%

12.34%

7.76%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'25

Mar'25

Change(%)

Net Sales

5,505.47

Operating Profit (PBDIT) excl Other Income

725.62

Interest

384.40

Exceptional Items

0.00

Standalone Net Profit

101.91

Operating Profit Margin (Excl OI)

13.18%

NA%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Annual Results

Company CV

About JSW Cement Ltd

JSW Cement Ltd

Mid Cap

Cement & Cement Products

JSW Cement Limited was incorporated on March 29, 2006 vide Certificate of Incorporation, issued by Registrar of Companies, Mumbai. The Company received a Certificate of Commencement of Business on May 12, 2006 by the RoC. JSW Cement Limited is a cement manufacturing company in India focused on manufacturing green cementitious products comprising blended cement which includes Portland Slag Cement (PSC) and Portland Composite Cement (PCC)) and Gound Granulated Blast Furnace Slag (GGBS).

Company Coordinates

No Company Details Available

JSW Cement

1Day

52 Week

CASH

FII

DII

Promoter

How has been the historical performance of JSW Cement?

Watch in Real-Time

Is JSW Cement overvalued or undervalued?

When is the next results date for JSW Cement Ltd?

Which are the latest news on JSW Cement?

Why is JSW Cement Ltd falling/rising?

Compare JSW Cement with Similar Stocks

MarketsMojo — Loved in India, Now Global

Dashboard

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

Returns Beta

News

When is the next results date for JSW Cement Ltd?

Is JSW Cement overvalued or undervalued?

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Incorporation Of Wholly Owned Subsidiary/Subsidiary Company Of JSW Cement Limited In Fujairah UAE Which Will Set Up A Cement Grinding Unit (GU) Of 1.65 Million Tonnes Per Annum (MTPA) In Fujairah UAE.

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ

Half Yearly Results Snapshot (Standalone) - Sep'25

Nine Monthly Results Snapshot (Standalone) - Dec'25

Annual Results Snapshot (Standalone) - Mar'25

About JSW Cement Ltd

Company Coordinates