About
JSW Cement Limited manufactures and sells cement under the JSW Cement brand in India. The company offers Portland slag, ordinary Portland, composite, and Portland pozzolana cement products. It also provides construction chemicals comprising precision steel grouts, mortars, and waterproofing compounds, as well as tile adhesives, grouts, and cleaners; cementitious materials, including ground granulated blast furnace slag (GGBS) and microfine GGBS; aggregates consisting of screened slag; ready-mix concrete under the JSW Concrete brand; and clinkers. In addition, the company offers concrete laboratory testing services. It sells its products through a network of dealers and sub-dealers, as well as warehouses. The company was incorporated in 2006 and is headquartered in Mumbai, India. JSW Cement Limited is a subsidiary of Adarsh Advisory Services Private Limited.
Key Metrics
as of Sep 2026Market Cap16,918 Cr
P/E21.40
Div Yield0.40 %
Book Value₹48.00
52w High₹153.00
52w Low₹107.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,738.00 | 1,749.00 | 1,479.00 | 1,322.00 | 1,445.00 | 1,598.00 | 1,361.00 | 1,169.00 | 1,378.00 |
| Expenses | 1,467.00 | 1,409.00 | 1,203.00 | 1,065.00 | 1,125.00 | 1,354.00 | 1,200.00 | 1,042.00 | 1,184.00 |
| Operating Profit | 271.00 | 340.00 | 276.00 | 258.00 | 320.00 | 243.00 | 161.00 | 127.00 | 194.00 |
| OPM % | 16.00 | 19.00 | 19.00 | 19.00 | 22.00 | 15.00 | 12.00 | 11.00 | 14.00 |
| Other Income | 41.00 | 37.00 | 75.00 | 44.00 | -1,424.00 | 40.00 | 42.00 | 40.00 | 41.00 |
| Depreciation | 85.00 | 72.00 | 69.00 | 68.00 | 67.00 | 68.00 | 69.00 | 64.00 | 62.00 |
| Interest | 80.00 | 69.00 | 68.00 | 84.00 | 87.00 | 98.00 | 97.00 | 94.00 | 95.00 |
| Profit before tax | 147.00 | 236.00 | 213.00 | 149.00 | -1,257.00 | 118.00 | 36.00 | 10.00 | 78.00 |
| Tax % | 24.00 | -64.00 | 30.00 | 36.00 | 6.00 | 41.00 | 107.00 | 133.00 | 51.00 |
| Net Profit | 111.00 | 388.00 | 149.00 | 96.00 | -1,332.00 | 69.00 | -3.00 | -3.00 | 38.00 |
| EPS in Rs | 0.82 | 2.85 | 1.10 | 0.70 | -13.08 | 0.68 | -0.03 | -0.03 | 0.39 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Sales | 5,984.00 | 5,478.00 | 5,768.00 | 4,744.00 | 4,065.00 | 3,408.00 | 2,761.00 |
| Expenses | 4,790.00 | 4,752.00 | 4,878.00 | 4,079.00 | 3,339.00 | 2,616.00 | 2,170.00 |
| Operating Profit | 1,194.00 | 726.00 | 891.00 | 665.00 | 727.00 | 792.00 | 592.00 |
| OPM % | 20.00 | 13.00 | 15.00 | 14.00 | 18.00 | 23.00 | 21.00 |
| Other Income | -1,269.00 | 164.00 | 155.00 | 130.00 | 225.00 | 35.00 | 55.00 |
| Interest | 307.00 | 384.00 | 379.00 | 261.00 | 283.00 | 278.00 | 265.00 |
| Depreciation | 276.00 | 263.00 | 242.00 | 232.00 | 170.00 | 154.00 | 135.00 |
| Profit before tax | -659.00 | 242.00 | 424.00 | 301.00 | 499.00 | 396.00 | 246.00 |
| Tax % | 6.00 | 58.00 | 48.00 | 17.00 | 35.00 | 35.00 | 34.00 |
| Net Profit | -699.00 | 102.00 | 221.00 | 250.00 | 324.00 | 258.00 | 162.00 |
| EPS in Rs | -5.12 | 1.00 | 2.24 | 2.53 | 3.29 | 2.61 | 1.64 |
| Dividend Payout % | -96.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1,341.00 | 986.00 | 986.00 | 986.00 | 986.00 | 986.00 | 986.00 |
| Reserves | 5,760.00 | 1,870.00 | 1,700.00 | 1,398.00 | 1,128.00 | 762.00 | 461.00 |
| Borrowings | 3,647.00 | 5,845.00 | 5,577.00 | 4,806.00 | 3,816.00 | 2,708.00 | 2,672.00 |
| Other Liabilities | 3,314.00 | 2,919.00 | 2,565.00 | 2,359.00 | 1,815.00 | 1,590.00 | 1,493.00 |
| Total Liabilities | 14,063.00 | 11,620.00 | 10,828.00 | 9,550.00 | 7,745.00 | 6,046.00 | 5,612.00 |
| Fixed Assets | 7,100.00 | 5,484.00 | 4,984.00 | 4,344.00 | 3,292.00 | 3,206.00 | 2,930.00 |
| CWIP | 939.00 | 927.00 | 634.00 | 756.00 | 422.00 | 239.00 | 453.00 |
| Investments | 1,014.00 | 1,104.00 | 1,092.00 | 988.00 | 1,005.00 | 840.00 | 666.00 |
| Other Assets | 5,010.00 | 4,105.00 | 4,119.00 | 3,461.00 | 3,027.00 | 1,761.00 | 1,563.00 |
| Total Assets | 14,063.00 | 11,620.00 | 10,828.00 | 9,550.00 | 7,745.00 | 6,046.00 | 5,612.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1,037.00 | 785.00 | 1,089.00 | 785.00 | 271.00 | 743.00 | 842.00 |
| Cash from Investing Activity | -1,476.00 | -538.00 | -844.00 | -1,455.00 | -1,142.00 | -468.00 | -662.00 |
| Cash from Financing Activity | 826.00 | -285.00 | -199.00 | 584.00 | 944.00 | -286.00 | -130.00 |
| Net Cash Flow | 387.00 | -38.00 | 46.00 | -86.00 | 74.00 | -11.00 | 51.00 |
| Free Cash Flow | -647.00 | -85.00 | 522.00 | -73.00 | -205.00 | 483.00 | 309.00 |
| CFO/OP % | 87.00 | 112.00 | 134.00 | 134.00 | 47.00 | 101.00 | 149.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 48.00 | 51.00 | 49.00 | 54.00 | 65.00 | 56.00 | 54.00 |
| Inventory Days | 116.00 | 87.00 | 111.00 | 130.00 | 118.00 | 112.00 | 252.00 |
| Days Payable | 290.00 | 278.00 | 295.00 | 326.00 | 270.00 | 315.00 | 490.00 |
| Cash Conversion Cycle | -126.00 | -139.00 | -135.00 | -142.00 | -87.00 | -146.00 | -184.00 |
| Working Capital Days | -70.00 | -91.00 | -90.00 | -30.00 | 0.00 | -87.00 | 20.00 |
| ROCE % | 12.00 | 7.00 | 10.00 | 9.00 | 15.00 | 17.00 | — |
Corporate Actions
1 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 10 Jul 2026 | 10 Jul 2026 | — | 0.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update13 Jul from fitch
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Rating update26 Mar from care
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Rating update29 Oct 2025 from crisil
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Rating update10 Sep 2025 from crisil
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Rating update21 May 2025 from fitch
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Rating update12 May 2025 from care