JSW Cement

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA- by 2 agencies.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 22% and profit rose 111% from a year earlier. (A year earlier it made a loss.)
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 72% of the company, about the same as in Sep 2025.
• ValuationCheap vs its pastThe share trades at 19.9 times its yearly earnings (P/E), cheaper than 91% of the time in the last 1 years. Its usual P/E is about 28.

JSW Cement against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)19.9 against a typical 30: cheaper than most peers (1st = cheapest).15th of 40
• Sales growth+21.5% against a typical +9.4% from a year earlier.10th of 37
• Share price, 3 months−13.2% against a typical −13.2%.20th of 39
• Size₹ 15,883.1 Cr. market value against a typical ₹ 686.3 Cr. (1st = largest).6th of 32

Exchange filings and their impact on the company.

• 27 Oct 2026Outcome of Board MeetingHigh impactPositivePrice −1.4% on 28 Oct
  Strong 33% Q2 revenue growth and 4 MTPA new grinding capacity approved for Rs 1078 cr, but profits flat on cost pressure.

  JSW Cement reported Q2 FY27 consolidated revenue of Rs 1,912 crore, up 33% from last year, with profit of Rs 78 crore largely flat as higher power, freight and finance costs offset volume growth. The board also approved adding 2.0 MTPA grinding capacity each at Vijayanagar for Rs 509 crore by May 2028 and at Dolvi for Rs 569 crore by October 2028, lifting capacity by about 16% from 25.1 MTPA. It also approved a Rs 60 crore corporate guarantee for its subsidiary JSW Green Cement. The expansion will need debt plus internal accruals and will only add sales after 2028, while near-term growth comes from better use of existing plants.

  Full analysisFiling
• 6 Oct 2026Press ReleaseMedium impactPositivePrice −0.9% on 7 Oct
  Commissioned 1 MTPA Nagaur grinding unit to 25.1 MTPA plus WHRS to cut power costs.

  JSW Cement commissioned an additional 1.0 MTPA cement grinding unit at its Nagaur integrated plant in Rajasthan, taking total grinding capacity to 25.10 MTPA and Nagaur grinding capacity to 3.50 MTPA. The plant, which started in March 2026 with 3.30 MTPA clinker and 2.50 MTPA grinding capacity, will now better serve Rajasthan, Haryana, Punjab and NCR. The company also commissioned an alternate-fuel handling system and waste heat recovery system at Nagaur, which is expected to substantially reduce production costs.

  Full analysisFiling
• 6 Oct 2026General UpdatesLow impactPositivePrice −0.9% on 7 Oct
  JSW Cement commissioned 1 MTPA Nagaur grinding expansion, lifting total grinding capacity to 25.1 MTPA.

  JSW Cement commissioned an additional 1 MTPA cement grinding unit at Nagaur, Rajasthan on 6 October 2026. The Nagaur plant capacity rose to 3.50 MTPA and total company grinding capacity rose to 25.1 MTPA, with clinker capacity at 9.74 MTPA. The expansion adds about 4% sellable capacity, supporting mid-single-digit revenue growth over the next year as utilization ramps up.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Nilesh Narwekar

Chief Executive Officer, Whole-Time Director

Narinder Singh Kahlon

Chief Financial Officer, Whole-Time Director

Sneha Bindra

Compliance Officer, Company Secretary

Parth Sajjan Jindal

Managing Director, Executive Director