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J.K. CementBSE:532644 Stock Report

Market Cap







09 Dec, 2021


Company Financials +
532644 fundamental analysis
Snowflake Score
Future Growth4/6
Past Performance4/6
Financial Health4/6

532644 Stock Overview

J.K. Cement Limited manufactures and sells cement and its related products in India and internationally.

J.K. Cement Competitors

Dalmia Bharat



JK Lakshmi Cement



India Cements



Orient Cement



Price History & Performance

Summary of all time highs, changes and price drops for J.K. Cement
Historical stock prices
Current Share Price₹3,395.45
52 Week High₹3,836.65
52 Week Low₹1,851.00
1 Month Change-7.02%
3 Month Change-2.96%
1 Year Change71.65%
3 Year Change365.29%
5 Year Change389.96%
Change since IPO2,153.87%

Recent News & Updates

Shareholder Returns

532644IN Basic MaterialsIN Market

Return vs Industry: 532644 exceeded the Indian Basic Materials industry which returned 44.3% over the past year.

Return vs Market: 532644 exceeded the Indian Market which returned 39.2% over the past year.

Price Volatility

Is 532644's price volatile compared to industry and market?
532644 volatility
532644 Average Weekly Movement5.0%
Basic Materials Industry Average Movement4.8%
Market Average Movement6.3%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.9%

Stable Share Price: 532644 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 532644's weekly volatility (5%) has been stable over the past year.

About the Company

19753,751Madhavkrishna Singhania

J.K. Cement Limited manufactures and sells cement and its related products in India and internationally. The company offers grey cement products, including ordinary Portland, Portland Pozzolana, weather shield cements, and Portland slag cements under the JK Super Cement brand name; and cement products for concrete under the JK Super Strong Cement brand. It also provides white cement based putty under JK Cement WallMaxX brand; white cement based primer under the JK Primaxx brand; gypsum plaster for application on walls and ceilings under the JK Cement GypsoMaxX brand; white cement based waterproof putty under the JK Cement ShieldMaxX brand; wall and floor adhesives, multipurpose adhesives, and white adhesives under the JK Cement TileMaxX brand; and white Portland cement under the JK Cement WhiteMaxX brand.

J.K. Cement Fundamentals Summary

How do J.K. Cement's earnings and revenue compare to its market cap?
532644 fundamental statistics
Market Cap₹263.88b
Earnings (TTM)₹7.79b
Revenue (TTM)₹75.76b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
532644 income statement (TTM)
Cost of Revenue₹26.72b
Gross Profit₹49.04b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date


Earnings per share (EPS)100.76
Gross Margin64.73%
Net Profit Margin10.28%
Debt/Equity Ratio89.0%

How did 532644 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is J.K. Cement undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 532644 (₹3395.45) is trading below our estimate of fair value (₹12202.55)

Significantly Below Fair Value: 532644 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: 532644 is poor value based on its PE Ratio (33.7x) compared to the Indian Basic Materials industry average (15.9x).

PE vs Market: 532644 is poor value based on its PE Ratio (33.7x) compared to the Indian market (19.2x).

Price to Earnings Growth Ratio

PEG Ratio: 532644 is poor value based on its PEG Ratio (1.5x)

Price to Book Ratio

PB vs Industry: 532644 is overvalued based on its PB Ratio (6.6x) compared to the IN Basic Materials industry average (1.4x).

Future Growth

How is J.K. Cement forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 532644's forecast earnings growth (21.8% per year) is above the savings rate (6.7%).

Earnings vs Market: 532644's earnings (21.8% per year) are forecast to grow faster than the Indian market (20.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 532644's revenue (11.6% per year) is forecast to grow slower than the Indian market (12.7% per year).

High Growth Revenue: 532644's revenue (11.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 532644's Return on Equity is forecast to be high in 3 years time (21.5%)

Past Performance

How has J.K. Cement performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 532644 has high quality earnings.

Growing Profit Margin: 532644's current net profit margins (10.3%) are higher than last year (10%).

Past Earnings Growth Analysis

Earnings Trend: 532644's earnings have grown significantly by 29.8% per year over the past 5 years.

Accelerating Growth: 532644's earnings growth over the past year (37.9%) exceeds its 5-year average (29.8% per year).

Earnings vs Industry: 532644 earnings growth over the past year (37.9%) underperformed the Basic Materials industry 79.9%.

Return on Equity

High ROE: 532644's Return on Equity (19.6%) is considered low.

Financial Health

How is J.K. Cement's financial position?

Financial Position Analysis

Short Term Liabilities: 532644's short term assets (₹31.1B) exceed its short term liabilities (₹22.1B).

Long Term Liabilities: 532644's short term assets (₹31.1B) do not cover its long term liabilities (₹41.8B).

Debt to Equity History and Analysis

Debt Level: 532644's net debt to equity ratio (52.9%) is considered high.

Reducing Debt: 532644's debt to equity ratio has reduced from 200.5% to 89% over the past 5 years.

Debt Coverage: 532644's debt is well covered by operating cash flow (35%).

Interest Coverage: 532644's interest payments on its debt are well covered by EBIT (8.4x coverage).

Balance Sheet


What is J.K. Cement current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 532644's dividend (0.44%) is higher than the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: 532644's dividend (0.44%) is low compared to the top 25% of dividend payers in the Indian market (1.45%).

Stability and Growth of Payments

Stable Dividend: 532644's dividend payments have been volatile in the past 10 years.

Growing Dividend: 532644's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.9%), 532644's dividend payments are thoroughly covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: 532644's dividends in 3 years are forecast to be thoroughly covered by earnings (14.5% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Madhavkrishna Singhania (33 yo)





Mr. Madhavkrishna Singhania serves as Deputy Managing Director & Chief Executive Officer at J.K. Cement Limited since August 31, 2020 and serves as its Director since June 17, 2020. He served as an Executi...

CEO Compensation Analysis

Compensation vs Market: Madhavkrishna's total compensation ($USD1.07M) is above average for companies of similar size in the Indian market ($USD585.93K).

Compensation vs Earnings: Madhavkrishna's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: 532644's management team is considered experienced (2.9 years average tenure).

Board Members

Experienced Board: 532644's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

J.K. Cement Limited's employee growth, exchange listings and data sources

Key Information

  • Name: J.K. Cement Limited
  • Ticker: 532644
  • Exchange: BSE
  • Founded: 1975
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: ₹263.883b
  • Shares outstanding: 77.27m
  • Website:

Number of Employees


  • J.K. Cement Limited
  • Padam Tower
  • 19, DDA Community Centre
  • New Delhi
  • Delhi
  • 110020
  • India


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/09 12:03
End of Day Share Price2021/12/09 00:00
Annual Earnings2021/03/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.