JSW Cement Limited
JSW Cement Limited operates in Cement & Cement Products, part of the Construction Materials sector. It booked ₹1,912 cr of revenue in its latest quarter (Q2 FY27) and kept 4.5% of sales as profit. It is the 9th largest of 9 Cement & Cement Products companies we track, by market value.
Healthier than 36% of listed companies we score, on the 4 of 6 measures we could read for it. Each measure is ranked against the 438–2,932 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 65
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold
Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.
What if I invest in JSWCEMENT?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹1,912 cr |
| Other Income | ₹17 cr |
| Total Income | ₹1,929 cr |
| Cost of Materials | ₹447 cr |
| Purchases of Stock-in-Trade | ₹47 cr |
| Inventory Change (±) | ₹-59 cr |
| Employee Benefit Expense | ₹100 cr |
| Finance Costs | ₹114 cr |
| Depreciation & Amortisation | ₹100 cr |
| Other Expenses | ₹1,099 cr |
| Total Expenses | ₹1,849 cr |
| Profit before Tax | ₹81 cr |
| Tax Expense | ₹23 cr |
| Share of JV / Associates | ₹20 cr |
| Net Profit | ₹78 cr |
| Net margin on total income | 4.0% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 1,895 cr | 1,896 cr | 1,912 cr |
| Total income | 1,916 cr | 1,970 cr | 1,929 cr |
| Expenses | 1,702 cr | 1,793 cr | 1,849 cr |
| Profit before tax | 209 cr | 177 cr | 81 cr |
| Tax | -147 cr | 37 cr | 23 cr |
| Net profit (owners' share) | 371 cr | 161 cr | 85 cr |
| Net margin (owners' share, on revenue) | 19.6% | 8.5% | 4.5% |
| EPS (₹) | 2.77 | 1.20 | 0.63 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| UltraTech Cement Limited | ₹11,700 | ₹3.45 L cr | 57.6 | 8.1% | 6.4% | — |
| Grasim Industries Limited | ₹3,090 | ₹2.10 L cr | 24.4 | 8.3% | 4.4% | — |
| Ambuja Cements Limited | ₹369 | ₹91,672 cr | 118.2 | 1.3% | 2.1% | — |
| SHREE CEMENT LIMITED | ₹23,910 | ₹86,267 cr | 82.4 | 4.4% | 4.4% | — |
| JK Cement Limited | ₹5,085 | ₹39,289 cr | 56.8 | 9.4% | 4.6% | — |
| Dalmia Bharat Limited | ₹1,381 | ₹26,247 cr | — | -4.6% | -5.8% | — |
| ACC Limited | ₹1,170 | ₹21,998 cr | 59.1 | 1.8% | 1.6% | — |
| The Ramco Cements Limited | ₹745 | ₹17,604 cr | 141.1 | 1.5% | 1.4% | — |
| JSW Cement Limitedthis company | ₹122 | ₹16,499 cr | 48.4 | 5.0% | 4.5% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹0.5 / share | 10 Jul 2026 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 27 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
As of Sep 2026, the company says it has spent 96% of what it set aside, leaving ₹69 cr still to be spent. CRISIL Ratings Limited watches the spending on the exchange’s behalf.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing