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J K Cements Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3,695.54Overvalued by 30.95%vs CMP ₹5,352.00

P/E (39.5) × ROE (13.9%) × BV (₹839.00) × DY (0.28%)

₹2,266.76Overvalued by 57.65%vs CMP ₹5,352.00
MoS: -136.1% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹3,999.3525%Over (-25.3%)
Graham NumberEarnings₹1,578.6118%Over (-70.5%)
DCFCash Flow₹1,191.8815%Over (-77.7%)
Net Asset ValueAssets₹836.508%Over (-84.4%)
EV/EBITDAEnterprise₹2,560.7410%Over (-52.2%)
Earnings YieldEarnings₹1,320.108%Over (-75.3%)
ROCE CapitalReturns₹2,373.9910%Over (-55.6%)
Revenue MultipleRevenue₹2,299.836%Over (-57%)
Consensus (8 models)₹2,266.76100%Overvalued
Key Drivers: Wide model spread (₹837–₹3,999) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 8.2%

*Investments are subject to market risks

Analyst Summary

J K Cements Ltd operates in the Cement segment, NSE: JKCEMENT | BSE: 532644, current market price is ₹5,352.00, market cap is 41,466 Cr.. At a glance, stock P/E is 39.5, ROE is 13.9 %, ROCE is 14.0 %, book value is 839, dividend yield is 0.28 %. The latest intrinsic value estimate is ₹2,266.76, around 57.6% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹11,879 Cr versus the prior period change of 2.8%, while latest net profit is about ₹872 Cr with a prior-period change of 10.4%. The 52-week range shown on this page is 7,566/4,798, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisJK Cement Ltd. is a Public Limited Listed company incorporated on 24/11/1994 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L1722…

This summary is generated from the stock page data available for J K Cements Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

68
J K Cements Ltd scores 68/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health68/100 · Strong
ROCE 14.0% GoodROE 13.9% GoodD/E 0.84 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 1.75% (6mo) AccumulatingDII holding down 2.01% MF sellingPromoter holding at 45.7% Stable
Earnings Quality60/100 · Moderate
OPM stable around 18% SteadyWorking capital: -23 days (improving) Efficient
Quarterly Momentum80/100 · Strong
Revenue (4Q): +18% YoY GrowingProfit (4Q): +39% YoY Strong
Industry Rank70/100 · Strong
P/E 39.5 vs industry 315.4 Cheaper than peersROCE 14.0% vs industry 8.7% Above peersROE 13.9% vs industry 85.8% Below peers3Y sales CAGR: 14% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:28 am

Market Cap 41,466 Cr.
Current Price 5,352
Intrinsic Value₹2,266.76
High / Low 7,566/4,798
Stock P/E39.5
Book Value 839
Dividend Yield0.28 %
ROCE14.0 %
ROE13.9 %
Face Value 10.0
PEG Ratio4.80

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for J K Cements Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
J K Cements Ltd 41,466 Cr. 5,352 7,566/4,79839.5 8390.28 %14.0 %13.9 % 10.0
Dalmia Bharat Ltd 37,196 Cr. 1,983 2,496/1,71732.1 9590.45 %8.03 %6.56 % 2.00
ACC Ltd 26,246 Cr. 1,398 2,029/1,25012.4 1,0940.54 %11.2 %10.8 % 10.0
The Ramco Cements Ltd 21,812 Cr. 927 1,214/860115 3220.22 %4.83 %1.56 % 1.00
The India Cements Ltd 12,160 Cr. 392 490/297153 3270.00 %1.62 %0.78 % 10.0
Industry Average35,840.50 Cr1,802.79315.41581.700.60%8.74%85.77%7.13

All Competitor Stocks of J K Cements Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2,4362,7782,7632,7532,9353,1062,8082,5602,9303,5813,3533,0193,463
Expenses 2,1892,4282,3552,2862,3102,5462,3212,2762,4382,8162,6652,5732,906
Operating Profit 247350408467625560486284492765688447557
OPM % 10%13%15%17%21%18%17%11%17%21%21%15%16%
Other Income 1938172938554514045465651-2
Interest 79101109115114115110123112113109105113
Depreciation 118132135141140153147146146162146149175
Profit before tax 69154181241409347273155279535489243268
Tax % 46%31%37%27%31%37%32%12%32%32%34%34%35%
Net Profit 37107113176284220185136190361324159174
EPS in Rs 5.0514.1714.8422.6936.7328.4423.9816.2824.5446.6441.9920.7822.60

Last Updated: February 5, 2026, 10:06 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 4:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,7903,4014,3624,0104,8545,2595,8026,6067,9919,72011,55611,87913,416
Expenses 2,4372,9483,8163,2844,0644,4204,5565,0226,4788,3939,4859,84510,959
Operating Profit 3534535467267898391,2461,5851,5131,3272,0712,0342,456
OPM % 13%13%13%18%16%16%21%24%19%14%18%17%18%
Other Income 4867507911076536711275129269152
Interest 153229305303284261276253270312453459440
Depreciation 134146197217231241288306342462573601633
Profit before tax 114144942863834127341,0931,0136281,1741,2421,535
Tax % 34%2%41%40%25%36%34%36%33%34%33%30%
Net Profit 75142551722862644837036794167908721,018
EPS in Rs 11.0320.548.2725.4241.4134.9964.2591.8588.9354.82102.35111.45132.01
Dividend Payout % 27%19%48%31%24%29%12%16%17%27%20%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)89.33%-61.27%212.73%66.28%-7.69%82.95%45.55%-3.41%-38.73%89.90%10.38%
Change in YoY Net Profit Growth (%)0.00%-150.60%273.99%-146.45%-73.97%90.65%-37.41%-48.96%-35.32%128.64%-79.52%

J K Cements Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:15%
3 Years:14%
TTM:7%
Compounded Profit Growth
10 Years:20%
5 Years:9%
3 Years:4%
TTM:7%
Stock Price CAGR
10 Years:27%
5 Years:35%
3 Years:35%
1 Year:42%
Return on Equity
10 Years:15%
5 Years:15%
3 Years:13%
Last Year:14%

Last Updated: September 5, 2025, 8:25 am

Balance Sheet

Last Updated: December 10, 2025, 2:55 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 70707070707777777777777777
Reserves 1,6761,5471,5171,6411,9052,6252,9503,6594,2484,6075,2906,0126,404
Borrowings 2,7833,2293,3233,3172,9412,9733,5033,6264,1155,2925,5496,0286,510
Other Liabilities 1,2341,2051,2751,3831,5411,7372,0112,5092,9633,3313,8864,5644,898
Total Liabilities 5,7646,0516,1856,4116,4567,4138,5429,87211,40313,30714,80216,68217,889
Fixed Assets 2,3274,0744,2544,5424,4434,5375,5545,9376,5448,4679,2989,5199,767
CWIP 1,7883373211271045745305091,0325924641,3171,899
Investments 683779801194384614221692368601442
Other Assets 1,5821,6031,5321,6621,7891,8632,4123,2833,6124,1554,6725,2445,781
Total Assets 5,7646,0516,1856,4116,4567,4138,5429,87211,40313,30714,80216,68217,889

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3642565807728837041,3671,5938781,3771,9591,939
Cash from Investing Activity + -1,558-478-408-668-79-825-1,483-1,348-984-1,964-1,626-1,890
Cash from Financing Activity + 1,227230-193-346-723173-108-13762741-41674
Net Cash Flow 338-21-2428152-225108-44154-83123
Free Cash Flow -1,193-29119938873973124834-649-226792241
CFO/OP 110%63%112%115%125%96%122%113%72%116%102%105%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow351.00450.00543.00723.00787.00837.00-2.00-2.00-3.00-4.00-3.00-4.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 151918181818172020181824
Inventory Days 466345258292269257288257343223235213
Days Payable 378196160222303179205204203188175199
Cash Conversion Cycle 10216911688-179610073159537838
Working Capital Days -37-26-33-27-21-29-14-515-4-1-23
ROCE %7%8%8%12%14%13%17%20%17%10%16%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 45.83%45.80%45.80%45.70%45.70%45.70%45.68%45.68%45.68%45.66%45.66%45.66%
FIIs 15.54%15.50%14.40%15.25%15.92%17.71%17.55%16.88%16.14%17.56%18.57%17.89%
DIIs 22.46%23.15%24.25%24.01%23.37%22.06%22.43%23.70%24.50%23.05%21.74%22.49%
Public 16.17%15.54%15.54%15.00%14.99%14.52%14.32%13.73%13.68%13.72%14.02%13.94%
No. of Shareholders 75,76371,76472,58268,18177,58079,16281,19674,52773,42876,42488,76783,050

Shareholding Pattern Chart

No. of Shareholders

J K Cements Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Midcap Fund 2,426,390 2.27 1340.22N/AN/AN/A
Axis Midcap Fund 873,451 1.56 482.451,242,6832025-12-15 00:23:01-29.71%
SBI Midcap Fund 776,046 1.91 428.65N/AN/AN/A
Canara Robeco Large and Mid Cap Fund 690,948 1.55 381.65646,8622026-02-23 07:22:056.82%
Kotak Large & Midcap Fund 650,000 1.2 359.03N/AN/AN/A
DSP Mid Cap Fund 631,425 1.83 348.77579,4972026-02-23 07:22:058.96%
Invesco India Midcap Fund 624,830 3.43 345.12564,3012026-02-23 02:46:2010.73%
PGIM India Midcap Fund 502,919 2.58 277.79548,1062025-12-15 00:23:01-8.24%
Nippon India Multi Cap Fund 447,633 0.51 247.25N/AN/AN/A
Invesco India Large & Mid Cap Fund 411,308 2.54 227.19N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 111.44102.3555.1787.9090.99
Diluted EPS (Rs.) 111.44102.3555.1787.9090.99
Cash EPS (Rs.) 190.63176.34113.54132.25130.62
Book Value[Excl.RevalReserv]/Share (Rs.) 788.01688.71600.81555.29480.28
Book Value[Incl.RevalReserv]/Share (Rs.) 788.01688.71600.81555.29480.28
Revenue From Operations / Share (Rs.) 1537.361495.541257.981034.17854.96
PBDIT / Share (Rs.) 284.73285.34181.41210.34213.75
PBIT / Share (Rs.) 206.89211.24122.10166.02174.13
PBT / Share (Rs.) 160.71151.8881.70131.12141.41
Net Profit / Share (Rs.) 112.80102.2354.2487.9390.99
NP After MI And SOA / Share (Rs.) 111.44102.3555.1788.9391.85
PBDIT Margin (%) 18.5219.0714.4220.3325.00
PBIT Margin (%) 13.4514.129.7016.0520.36
PBT Margin (%) 10.4510.156.4912.6716.54
Net Profit Margin (%) 7.336.834.318.5010.64
NP After MI And SOA Margin (%) 7.246.844.388.5910.74
Return on Networth / Equity (%) 14.1414.739.0915.8818.99
Return on Capital Employeed (%) 12.5114.319.1214.6916.99
Return On Assets (%) 5.165.343.206.027.18
Long Term Debt / Equity (X) 0.750.770.870.690.80
Total Debt / Equity (X) 0.960.971.070.890.84
Asset Turnover Ratio (%) 0.750.820.800.750.71
Current Ratio (X) 1.281.301.271.321.63
Quick Ratio (X) 0.970.950.930.861.24
Inventory Turnover Ratio (X) 10.081.651.321.241.40
Dividend Payout Ratio (NP) (%) 17.9414.6527.1816.860.00
Dividend Payout Ratio (CP) (%) 10.568.5013.1011.250.00
Earning Retention Ratio (%) 82.0685.3572.8283.140.00
Cash Earning Retention Ratio (%) 89.4491.5086.9088.750.00
Interest Coverage Ratio (X) 4.794.874.496.036.53
Interest Coverage Ratio (Post Tax) (X) 2.682.762.343.523.78
Enterprise Value (Cr.) 42601.6735828.3326704.5122282.8724254.30
EV / Net Operating Revenue (X) 3.593.102.752.793.67
EV / EBITDA (X) 19.3616.2519.0513.7114.68
MarketCap / Net Operating Revenue (X) 3.212.732.322.353.38
Retention Ratios (%) 82.0585.3472.8183.130.00
Price / BV (X) 6.265.874.824.345.98
Price / Net Operating Revenue (X) 3.212.732.322.353.38
EarningsYield 0.020.020.010.030.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

JK Cement Ltd. is a Public Limited Listed company incorporated on 24/11/1994 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L17229UP1994PLC017199 and registration number is 017199. Currently Company is involved in the business activities of Manufacture of cement, lime and plaster. Company's Total Operating Revenue is Rs. 11093.18 Cr. and Equity Capital is Rs. 77.27 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
CementKamla Tower, Kanpur Uttar Pradesh 208001Contact not found
Management
NamePosition Held
Mrs. Sushila Devi SinghaniaChairperson
Dr. Nidhipati SinghaniaVice Chairman
Dr. Raghavpat SinghaniaManaging Director
Mr. Madhavkrishna SinghaniaDy.Managing Director & CEO
Mr. Ajay Kumar SaraogiDy.Managing Director & CFO
Mr. Ashok Kumar SharmaDirector
Mr. Rakesh SethiDirector
Mr. Mudit AggarwalDirector
Mr. Paul Heinz HugentoblerDirector
Mr. Saurabh ChandraDirector
Mrs. Deepa Gopalan WadhwaDirector
Mr. Ashok SinhaDirector
Ms. Praveen MahajanDirector

FAQ

What is the intrinsic value of J K Cements Ltd and is it undervalued?

As of 07 May 2026, J K Cements Ltd's intrinsic value is ₹2266.76, which is 57.65% lower than the current market price of ₹5,352.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (13.9 %), book value (₹839), dividend yield (0.28 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of J K Cements Ltd?

J K Cements Ltd is trading at ₹5,352.00 as of 07 May 2026, with a FY2026-2027 high of ₹7,566 and low of ₹4,798. The stock is currently near its 52-week low. Market cap stands at ₹41,466 Cr..

How does J K Cements Ltd's P/E ratio compare to its industry?

J K Cements Ltd has a P/E ratio of 39.5, which is below the industry average of 315.41. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is J K Cements Ltd financially healthy?

Key indicators for J K Cements Ltd: ROCE of 14.0 % is moderate. Dividend yield is 0.28 %.

Is J K Cements Ltd profitable and how is the profit trend?

J K Cements Ltd reported a net profit of ₹872 Cr in Mar 2025 on revenue of ₹11,879 Cr. Compared to ₹679 Cr in Mar 2022, the net profit shows an improving trend.

Does J K Cements Ltd pay dividends?

J K Cements Ltd has a dividend yield of 0.28 % at the current price of ₹5,352.00. The company pays dividends, though the yield is modest.

Last Updated: May 5, 2026, 12:28 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532644 | NSE: JKCEMENT
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in J K Cements Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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