# JSW Cement share price today (JSW Cement Ltd, NSE: JSWCEMENT)

> JSW Cement share price today: ₹121.97 at the NSE close on 3 November 2026, down 10.6% in a year. JSW Cement (NSE: JSWCEMENT) is worth ₹16,557 crore, trades at a P/E of 21.0 and has closed between ₹108.02 and ₹142.29 over the past 52 weeks. > JSW Cement Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. JSWCEMENT · Cement · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/jsw-cement-ltd

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## Key numbers

- Price: ₹121.97 (−10.6% in a year)
- P/E: 21.0× (lower than 80% of the last 8 months)
- Revenue (Sep 2026): ₹1,912 Cr (+33.1% on a year ago)
- Profit (Sep 2026): ₹78.0 Cr (+4.0% on a year ago)
- Operating margin: 15.0% (−4.0 points on a year ago)
- ROCE: 11%, FY26

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the JSW Cement share price today? JSW Cement Ltd's share price was ₹121.97 at the close on 3 November 2026. It has been falling for 6 weeks. That is 2.4% 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 41% of the way up from that low. 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 −16% 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. ## What changed at JSW Cement this quarter? 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. ## What are JSW Cement's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,912 crore | ₹1,436 crore | +33.1% |
| Profit | ₹78.0 crore | ₹75.0 crore | +4.0% |
| Earnings per share | ₹0.63 | ₹0.63 | 0.0% |
| Operating margin | 15.0% | 19.0% | −4.0 points |

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.)

## What is the JSW Cement share price history? JSW Cement closed at ₹121.97 on 3 November 2026, down 10.6% from ₹136.44 a year earlier (31 October 2025). Its highest weekly close since August 2025 was ₹153.12 on 22 August 2025. ### JSW Cement share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹116.98 | +4.3% |
| 1 month ago · 1 Oct 2026 | ₹111.60 | +9.3% |
| 6 months ago · 30 Apr 2026 | ₹122.47 | −0.4% |
| 1 year ago · 31 Oct 2025 | ₹136.44 | −10.6% |
| Earliest weekly close in our records · 14 Aug 2025 | ₹146.07 | −16.5% |
| Highest weekly close since August 2025 · 22 Aug 2025 | ₹153.12 | −20.3% |
| Lowest weekly close since August 2025 · 5 Dec 2025 | ₹111.36 | +9.5% |
| 52-week high (weekly close) · 16 Jul 2026 | ₹142.29 | −14.3% |
| 52-week low (weekly close) · 3 Dec 2025 | ₹108.02 | +12.9% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (68 weekly closes from 14 August 2025 to 3 November 2026.)

## What is the latest news on JSW Cement? 3 Nov 2026: JSW Cement closed at ₹121.97, up 4.3% on the week and up 9.3% 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. ## What dividend does JSW Cement pay? JSW Cement paid ₹0.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.41% at the ₹121.97 close on 3 November 2026. The last was a dividend of ₹0.50 a share, ex-date 10 July 2026. ### JSW Cement dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 10 Jul 2026 | ₹0.50 | Dividend |

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. 0 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did JSW Cement management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/58280-28-Oct-2026.pdf). (From the call for July to September 2026, 28 October 2026.)

## What to watch in JSW Cement's next results? 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. - What to check (from the call)
- North Q4 per-ton at flagged level on cost-down with full WHRS-OLBC-AFR effect and higher utilization - the credibility test. - Second-half volumes delivering flagged full-year frameworks with GGBS acceleration and Nagaur ramp from Q2 base on healthy October trend. - Rajasthan incentive entitlement cert receipt next month with revenue recognition timing - cash versus accrual to confirm. ## Which stock lists is JSW Cement on? JSW Cement is on one of our India lists: Small & mid cap stocks. [Small & mid cap stocks Size rank in India: 415](https://www.sectoralpha.in/small-cap-stocks-india)

## Is JSW Cement profitable? 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. ## How much revenue does JSW Cement make, and is it growing? 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. 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. ## How much of every ₹100 of sales does JSW Cement keep? 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. 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. ## Is JSW Cement's profit turning into cash? 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. 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. ## Where does JSW Cement's cash go? 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. 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. ## What is JSW Cement's P/E ratio, and how does it compare with its own history? JSW Cement Ltd's P/E is 21.0×, near the low end of its own history: it has been lower only 20% 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. 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. ## Is the JSW Cement business getting better or worse? 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. 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. ## How much does JSW Cement earn on its capital? 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). 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. ## Does JSW Cement have too much debt? 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. 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. ## What is the JSW Cement shareholding pattern? 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. 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. ## How far is JSW Cement from balance-sheet trouble? 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. ## How does JSW Cement rank in its industry? 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. ## Which companies is JSW Cement compared with? JSW Cement ranks 5 of 26 Cement companies on the 4-Factor Sector Score, with 59.3 out of 100. 1. [NCL Industries Ltd](https://www.sectoralpha.in/stocks/ncl-industries-ltd) NCLIND · quiet · Most evidence points up · 96% evidence 72.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.2/35 · Revenue 3.7% · Profit 100% · Operating margin change -3 points · 88% evidence Capital efficiency 18.5/25 · ROCE 14.6% · Operating margin 12% · 100% evidence Valuation 20.0/20 · P/E 5.8× · PEG 0.14 · 100% evidence Relative strength 12.7/20 · Lead over its industry 3.5% · Lead over NIFTY 500 -9.2% · 1 year -19.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.2 + 18.5 + 20 + 12.7 = 72.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Star Cement Ltd](https://www.sectoralpha.in/stocks/star-cement-ltd) STARCEMENT · basing · Most evidence points up · 81% evidence 67.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 14.5% · Profit 55.1% · Operating margin change -4 points · 88% evidence Capital efficiency 22.5/25 · ROCE 16.6% · Operating margin 21% · 100% evidence Valuation 11.9/20 · P/E 18.3× · PEG 1.12 · 100% evidence Relative strength 9.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.1% · 1 year -33.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 23.8 + 22.5 + 11.9 + 9.5 = 67.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Rain Industries Ltd](https://www.sectoralpha.in/stocks/rain-industries-ltd) RAIN · losing its lead · Evidence leans up · 71% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.3/35 · Revenue 17% · Profit 100% · Operating margin change 5 points · 83% evidence Capital efficiency 10.8/25 · ROCE 8.3% · Operating margin 19% · 76% evidence Valuation 11.0/20 · P/E 12.2× · PEG n/a · 15% evidence Relative strength 14.0/20 · Lead over its industry 39.3% · Lead over NIFTY 500 23.4% · 1 year 45.4% · 100% evidence · 9 of 12 weeks ahead Exact sum: 27.3 + 10.8 + 11 + 14 = 63.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [UltraTech Cement Ltd](https://www.sectoralpha.in/stocks/ultratech-cement-ltd) ULTRACEMCO · turning · Evidence leans up · 67% evidence 62.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.0/35 · Revenue 16.9% · Profit 21.1% · Operating margin change 0 points · 95% evidence Capital efficiency 16.9/25 · ROCE 12.7% · Operating margin 16% · 76% evidence Valuation 10.1/20 · P/E 36.6× · PEG n/a · 50% evidence Relative strength 11.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.3% · 1 year -7.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 24 + 16.9 + 10.1 + 11.2 = 62.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. JSW Cement Ltd this page JSWCEMENT · basing · Evidence leans up · 60% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Revenue 19.3% · Profit 100% · Operating margin change -4 points · 95% evidence Capital efficiency 12.3/25 · ROCE 11.1% · Operating margin 15% · 76% evidence Valuation 10.4/20 · P/E 20× · PEG n/a · 15% evidence Relative strength 10.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -1.6% · 1 year -15.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 25.8 + 12.3 + 10.4 + 10.8 = 59.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Birla Corporation Ltd](https://www.sectoralpha.in/stocks/birla-corporation-ltd) BIRLACORPN · basing · Evidence leans up · 85% evidence 53.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.7/35 · Revenue 3.3% · Profit 0.6% · Operating margin change -5 points · 100% evidence Capital efficiency 12.5/25 · ROCE 9.8% · Operating margin 9% · 100% evidence Valuation 18.6/20 · P/E 11.9× · PEG 0.33 · 100% evidence Relative strength 9.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -15.4% · 1 year -34.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 12.7 + 12.5 + 18.6 + 9.4 = 53.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Shree Cement Ltd](https://www.sectoralpha.in/stocks/shree-cement-ltd) SHREECEM · basing · Evidence leans up · 100% evidence 51.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 14.3% · Profit -7.7% · Operating margin change -3 points · 100% evidence Capital efficiency 14.4/25 · ROCE 10.3% · Operating margin 17% · 100% evidence Valuation 5.4/20 · P/E 52.4× · PEG 3.8 · 100% evidence Relative strength 15.8/20 · Lead over its industry 9.7% · Lead over NIFTY 500 -3.8% · 1 year -18.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.2 + 14.4 + 5.4 + 15.8 = 51.8 · What this means: Relative strength against the index is -3.8%, and revenue and profit growth are weak. 8. [Mangalam Cement Ltd](https://www.sectoralpha.in/stocks/mangalam-cement-ltd) MANGLMCEM · losing its lead · Evidence leans up · 96% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 0.5% · Profit 90% · Operating margin change -5 points · 88% evidence Capital efficiency 10.3/25 · ROCE 11% · Operating margin 12% · 100% evidence Valuation 13.9/20 · P/E 18.6× · PEG 0.68 · 100% evidence Relative strength 14.2/20 · Lead over its industry 19.2% · Lead over NIFTY 500 5.3% · 1 year 13% · 100% evidence · 7 of 12 weeks ahead Exact sum: 13.1 + 10.3 + 13.9 + 14.2 = 51.5 · What this means: Relative strength against the index is 5.3%, and revenue and profit growth are weak. 9. [JK Lakshmi Cement Ltd](https://www.sectoralpha.in/stocks/jk-lakshmi-cement-ltd) JKLAKSHMI · quiet · Too little evidence to rank firmly · 56% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue 8.7% · Profit 0.5% · Operating margin change -4 points · 83% evidence Capital efficiency 14.4/25 · ROCE 12% · Operating margin 14% · 76% evidence Valuation 10.8/20 · P/E 14.7× · PEG n/a · 15% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -24.9% · 1 year -47.8% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.5 + 14.4 + 10.8 + 8.2 = 49.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Nuvoco Vistas Corporation Ltd](https://www.sectoralpha.in/stocks/nuvoco-vistas-corporation-ltd) NUVOCO · losing its lead · Evidence leans down · 78% evidence 49.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 10.6% · Profit 51.5% · Operating margin change 0 points · 100% evidence Capital efficiency 11.2/25 · ROCE 7% · Operating margin 15% · 100% evidence Valuation 4.9/20 · P/E 25.8× · PEG 8.14 · 65% evidence Relative strength 11.6/20 · Lead over its industry n/a · Lead over NIFTY 500 1.5% · 1 year -22.7% · 25% evidence · 5 of 12 weeks ahead Exact sum: 21.4 + 11.2 + 4.9 + 11.6 = 49.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Orient Cement Ltd](https://www.sectoralpha.in/stocks/orient-cement-ltd) ORIENTCEM · basing · Evidence leans down · 93% evidence 48.2 out of 100 Growth Capital Valuation Relative
12. [India Cements Ltd](https://www.sectoralpha.in/stocks/india-cements-ltd) INDIACEM · basing · Evidence leans down · 75% evidence 47.5 out of 100 Growth Capital Valuation Relative
13. [J K Cements Ltd](https://www.sectoralpha.in/stocks/j-k-cements-ltd) JKCEMENT · quiet · Evidence leans down · 85% evidence 47.3 out of 100 Growth Capital Valuation Relative
14. [K C P Ltd](https://www.sectoralpha.in/stocks/k-c-p-ltd) KCP · basing · Evidence leans down · 63% evidence 46.8 out of 100 Growth Capital Valuation Relative
15. [The Ramco Cements Ltd](https://www.sectoralpha.in/stocks/the-ramco-cements-ltd) RAMCOCEM · quiet · Evidence leans down · 81% evidence 44.2 out of 100 Growth Capital Valuation Relative
16. [Dalmia Bharat Ltd](https://www.sectoralpha.in/stocks/dalmia-bharat-ltd) DALBHARAT · quiet · Evidence leans down · 85% evidence 42.2 out of 100 Growth Capital Valuation Relative
17. [HeidelbergCement India Ltd](https://www.sectoralpha.in/stocks/heidelbergcement-india-ltd) HEIDELBERG · quiet · Evidence leans down · 100% evidence 41.7 out of 100 Growth Capital Valuation Relative
18. [ACC Ltd](https://www.sectoralpha.in/stocks/acc-ltd) ACC · quiet · Evidence leans down · 85% evidence 40.4 out of 100 Growth Capital Valuation Relative
19. [Ambuja Cements Ltd](https://www.sectoralpha.in/stocks/ambuja-cements-ltd) AMBUJACEM · basing · Evidence leans down · 82% evidence 35.7 out of 100 Growth Capital Valuation Relative
20. [BIGBLOC Construction Ltd](https://www.sectoralpha.in/stocks/bigbloc-construction-ltd) BIGBLOC · basing · Evidence leans down · 64% evidence 35.2 out of 100 Growth Capital Valuation Relative
21. [Sagar Cements Ltd](https://www.sectoralpha.in/stocks/sagar-cements-ltd) SAGCEM · quiet · Most evidence points down · 64% evidence 34.7 out of 100 Growth Capital Valuation Relative
22. [Deccan Cements Ltd](https://www.sectoralpha.in/stocks/deccan-cements-ltd) DECCANCE · quiet · Most evidence points down · 89% evidence 34.0 out of 100 Growth Capital Valuation Relative
23. [Saurashtra Cement Ltd](https://www.sectoralpha.in/stocks/saurashtra-cement-ltd) SAURASHCEM · quiet · Most evidence points down · 79% evidence 28.1 out of 100 Growth Capital Valuation Relative
24. [Shree Digvijay Cement Co. Ltd](https://www.sectoralpha.in/stocks/shree-digvijay-cement-co-ltd) SHREDIGCEM · quiet · Most evidence points down · 72% evidence 27.2 out of 100 Growth Capital Valuation Relative
25. [Shiva Cement Ltd](https://www.sectoralpha.in/stocks/shiva-cement-ltd) SHIVACEM · Too little evidence to rank firmly · 48% evidence 51.0 out of 100 Growth Capital Valuation Relative
26. [Prism Johnson Ltd](https://www.sectoralpha.in/stocks/prism-johnson-ltd) PRSMJOHNSN · basing · Too little evidence to rank firmly · 49% evidence 44.2 out of 100 Growth Capital Valuation Relative

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](https://www.sectoralpha.in/sectors/cement), all 26 compared on one page. ## Which companies are close to JSW Cement in size? 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

1. [Dalmia Bharat Ltd](https://www.sectoralpha.in/stocks/dalmia-bharat-ltd) ₹24,875 crore
2. [ACC Ltd](https://www.sectoralpha.in/stocks/acc-ltd) ₹21,220 crore
3. [The Ramco Cements Ltd](https://www.sectoralpha.in/stocks/the-ramco-cements-ltd) ₹17,005 crore
4. JSW Cement Ltd ₹15,747 crore
5. [Nuvoco Vistas Corporation Ltd](https://www.sectoralpha.in/stocks/nuvoco-vistas-corporation-ltd) ₹11,443 crore
6. [India Cements Ltd](https://www.sectoralpha.in/stocks/india-cements-ltd) ₹9,672 crore
7. [Star Cement Ltd](https://www.sectoralpha.in/stocks/star-cement-ltd) ₹6,916 crore

[All 26 Cement companies, largest first](https://www.sectoralpha.in/sectors/cement#all-companies)

### Companies close in size in other industries

1. [Aarti Industries Ltd](https://www.sectoralpha.in/stocks/aarti-industries-ltd) ₹15,806 crore · Speciality Chemicals
2. [Azad Engineering Ltd](https://www.sectoralpha.in/stocks/azad-engineering-ltd) ₹15,792 crore · Aerospace & Defence - Equipments
3. JSW Cement Ltd ₹15,747 crore
4. [Sumitomo Chemical India Ltd](https://www.sectoralpha.in/stocks/sumitomo-chemical-india-ltd) ₹15,728 crore · Pesticides/Agrochemicals
5. [Emami Ltd](https://www.sectoralpha.in/stocks/emami-ltd) ₹15,703 crore · FMCG - Personal Care

## What else do people ask about JSW Cement? ### What is JSW Cement's share price today? JSW Cement Ltd's share price is ₹121.97, −10.6% over the past year. The whole company is worth ₹16,557 Cr on the market. In the last 52 weeks it traded between ₹108 to ₹142; today it is 41% of the way up from the low, 2.4% below its 200-day average (as of 3 November 2026). ### What were JSW Cement's latest quarterly results? JSW Cement Ltd reported revenue of ₹1,912 Cr and net profit of ₹78.0 Cr for the Sep 2026 quarter. Revenue rose 33.1% and profit rose 4.0% compared with a year earlier. Earnings per share were ₹0.63. The operating margin was 15.0%, 4.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is JSW Cement's market cap? JSW Cement Ltd's market capitalisation is ₹16,557 Cr at a share price of ₹121.97. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is JSW Cement performing? JSW Cement Ltd's share price has been falling for 6 weeks. In its latest quarter, revenue rose 33.1% and profit rose 4.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 14 weeks running (as of 3 November 2026). ### Will JSW Cement's share price go up? This page does not forecast JSW Cement Ltd's share price. What it shows instead: the share price is ₹121.97, and it has been falling for 6 weeks. Its P/E of 21.0× is higher than 20% of its own last 1 years (as of 3 November 2026). ### Is JSW Cement's profit real cash? Yes, over the last 3 years, 602% of JSW Cement Ltd's reported profit came in as cash from operations. The latest year was lower at -146%, so the trend is worth watching. In FY26, operating cash was ₹1,170 Cr against reported profit of −₹799 Cr. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is JSW Cement in its business cycle? JSW Cement Ltd's FY26 operating margin was 19.0%, against a 7-year range of 11.0% to 22.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 15.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the JSW Cement story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is JSW Cement a stock worth studying right now? What the numbers show: JSW Cement Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a JSW Cement share price forecast for 2026? What management itself guided: FY27 high-teens total and cement growth retained, GGBS high-single FY27 retained and high-single FY28 guided. ## Lists

- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

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