JSW Cement share price today

JSW Cement Ltd's share price was ₹121.79 at the close on 4 November 2026. It has been falling for 6 weeks. That is 2.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹108 and ₹142, and at that close it sat 40% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today JSW Cement Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 14 weeks running.

Over the last 1 year the share price moved −17% while the NIFTY 500 moved −5%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 31 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: indian funds and insurers (DIIs) raised their stake for 4 quarters in a row, revenue up on a year earlier for 6 quarters in a row (every quarter we can compare) and profit up on a year earlier for 5 quarters in a row.

1. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row

   From 7.9% to 12.3% of the company by the September 2026 quarter.

2. Revenue up on a year earlier for 6 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹1,912 crore, +33.1% on a year earlier.

   Why: Revenue rose because the company sold much more cement in its channel and to other businesses.

   Next results: check whether Nagaur uses its extra grinding capacity after the October addition.

   From the earnings call on 28 Oct 2026.

3. Profit up on a year earlier for 5 quarters in a row

   In the September 2026 quarter profit was ₹78 crore, +4% on a year earlier.

   Why: Profit rose because the company sold more cement and its North plant stopped losing money, which helped cover higher fuel costs.

   Next results: check whether the fuel the company has already bought and October price rises are enough to protect profit from higher fuel costs.

   From the earnings call on 28 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), JSW Cement reported revenue of ₹1,912 crore, up 33.1% from ₹1,436 crore a year earlier, and a profit of ₹78.0 crore, up 4.0% from ₹75.0 crore.

JSW Cement results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

JSW Cement's management discussed these results on a call held on 28 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

JSW Cement closed at ₹121.79 on 4 November 2026, down 4.6% from ₹127.67 a year earlier (7 November 2025). Its highest weekly close since August 2025 was ₹153.12 on 22 August 2025.

JSW Cement share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

68 weekly closes from 14 August 2025 to 4 November 2026.

4 Nov 2026: JSW Cement closed at ₹121.79, up 5.4% on the week and up 9.1% on the month. 28 Oct 2026: JSW Cement held its results call for July to September 2026. Management guided: FY27 high-teens total and cement growth retained, GGBS high-single FY27 retained and high-single FY28 guided.

Earlier

• Results for July to September 2026: Revenue up 33.1% and profit up 4.0% on a year earlier.
• 10 Jul 2026: ex-date for a dividend of ₹0.50 a share.

JSW Cement paid ₹0.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.41% at the ₹121.79 close on 4 November 2026. The last was a dividend of ₹0.50 a share, ex-date 10 July 2026.

JSW Cement dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

No. JSW Cement Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 28 October 2026, JSW Cement's management guided: FY27 high-teens total and cement growth retained, GGBS high-single FY27 retained and high-single FY28 guided.

“With fuel and other input costs remaining elevated, we expect these price increases to sustain and support the company's margins.”Nilesh Narwekar, Chief Executive Officer in, on the call for July to September 2026

What management guided

• North Q4 operating profit ₹650-700 per ton on ₹550-600 cost-down via WHRS-OLBC-AFR-conveyor, trade to 60% by year-end, clinker sales till Dec 2027.
• Q3 fuel ₹2.1 per Mcal (up about ₹90 per ton cement) vs ₹1.8 Q2 on spot petcoke ₹3.1-3.2, stock till Dec-Jan.
• Green share to 50-55% to lower power cost and help offset fuel alongside October price flow-through.
• FY27 capital spending ₹2,300 crore and FY28 about ₹2,000 crore intact, about ₹7,500 crore still to 43.5mtpa.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 28 October 2026.

When JSW Cement reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: North Q4 per-ton at flagged level on cost-down with full WHRS-OLBC-AFR effect and higher utilization - the credibility test.

JSW Cement is on one of our India lists: Small & mid cap stocks.

JSW Cement Ltd earned ₹78.0 Cr of net profit in the Sep 2026 quarter, +4.0% on the same quarter a year earlier. The full FY26 year was a loss of ₹799 Cr. That is 4.1% of the quarter's revenue. The same quarter a year earlier earned ₹75.0 Cr. 4 of the last 10 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

JSW Cement Ltd reported ₹1,912 Cr of revenue in the Sep 2026 quarter, +33.1% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 6 years it has grown 14.4% a year on average. The last full year, FY26, came in at ₹6,501 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹7,324 Cr.

FY26 revenue was ₹6,501 Cr, +12.4% on the year before.

Recent pace: the last four quarters grew +19.6% on average, against 14.4% a year over the longer run, so this year is growing faster than its own long-run rate.

JSW Cement Ltd's operating margin was 15.0% in the Sep 2026 quarter, 4.0 percentage points lower than the same quarter a year ago. Across 7 years it has been between 11.0% and 22.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −4.1 percentage points on the year while gross margin changed −4.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 602% of JSW Cement Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,170 Cr of operating cash against −₹799 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹1,955 Cr of spending on assets, free cash was −₹785 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 602% of profit came in as cash: the cash cycle got 11 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 4.5× depreciation over three years. The next section checks what that spending is building.

JSW Cement Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −136 days in FY26, up from −147 days in FY21. It spent ₹4,130 Cr on assets over the last 3 years. Customers take 48 days to pay, and stock sits for 132 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹6,501 Cr, each day of that cycle ties up about ₹17.8 Cr, so roughly −₹2,422 Cr is tied up in the business at any time.

FY26: customers took 48 days to pay and stock sat for 132 days, about 4.3 months of sales sitting as stock, for a full cycle of −136 days, longer than FY21's −147.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 132 days. Customers pay about 48 days after that. Suppliers are paid at 317 days. Together that makes the −136-day cycle.

Spending on assets: ₹4,130 Cr over the last 3 years, against ₹910 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹976 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

JSW Cement Ltd's P/E is 21.0×, near the low end of its own history: it has been lower only 19% of the time. Its usual P/E (the middle reading) is 27.8×, over 8 months of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹5.57.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 111% on reported income across 9 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

JSW Cement Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 6 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

JSW Cement Ltd earned a ROCE of 11% in FY26. That is up from a low of 5% in FY25. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a −12.3% net margin and 0.45× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a −12.3% net margin × 0.45× asset turnover × 2.20× leverage (assets divided by equity) ≈ −12.2% on equity. The margin does its share; borrowing is a big part of it.

The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 111% on reported income across 9 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

JSW Cement Ltd had ₹4,464 Cr of borrowings against ₹6,550 Cr of equity in FY26, so its debt is 0.68× its equity. Its operating profit is 3 times its interest bill. Over 5 years borrowings went from ₹3,189 Cr to ₹4,464 Cr. Over the last 3 of those years it spent ₹4,130 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 111% on reported income across 9 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Domestic institutions raised their stake in JSW Cement Ltd by 4.4 percentage points over 4 quarters, the biggest change among its owners. Domestic institutions now own 12.3% of the company. Foreign institutions moved +0.5 points over the same period, to 4.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +4.4 points over 4 quarters, to 12.3%; Foreign institutions: +0.5 points over 4 quarters, to 4.6%; Promoters: −0.3 points over 4 quarters, to 72.0%.

Why the owners changed: domestic institutions drove it (+4.4 points), together with foreign institutions (+0.5 points). They raised their stake step by step.

For JSW Cement Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

59.3 out of 100, rank 5 of 26 in Cement, with 60% of the evidence available.

JSW Cement Ltd scores 59.3 out of 100 against the 26 companies it is compared with in Cement, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 25.8 + 12.3 + 10.4 + 10.8 = 59.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

JSW Cement ranks 5 of 26 Cement companies on the 4-Factor Sector Score, with 59.3 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Cement, all 26 compared on one page.

JSW Cement is the 8th largest of 26 Cement companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Dalmia Bharat, ACC and The Ramco Cements. Just below it: Nuvoco Vistas Corporation, India Cements and Star Cement.

Cement companies close in size

5. Dalmia Bharat Ltd ₹24,875 crore
6. ACC Ltd ₹21,220 crore
7. The Ramco Cements Ltd ₹17,005 crore
8. JSW Cement Ltd ₹15,747 crore
9. Nuvoco Vistas Corporation Ltd ₹11,443 crore
10. India Cements Ltd ₹9,672 crore
11. Star Cement Ltd ₹6,916 crore

All 26 Cement companies, largest first

Companies close in size in other industries

422. Aarti Industries Ltd ₹15,806 crore · Speciality Chemicals
423. Azad Engineering Ltd ₹15,792 crore · Aerospace & Defence - Equipments
424. JSW Cement Ltd ₹15,747 crore
425. Sumitomo Chemical India Ltd ₹15,728 crore · Pesticides/Agrochemicals
426. Emami Ltd ₹15,703 crore · FMCG - Personal Care

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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