JKLAKSHMI
JK Lakshmi Cement share price & financials
- Price
- ₹572.15
- Market cap
- ₹7.0k Cr
- Sector
- Construction Materials
- Calls analysed
- 7
JK Lakshmi Cement Limited Q1 FY27
What went well
- Realization up by around 9% sequentially, driven by geo-mix optimization and non-trade price increases.
- Industry demand grew by approximately 8% in Q1 FY27.
- 49% of energy consumption is from renewable sources (129 MW solar, 45 MW WHRS, 4 MW wind).
What to watch
- Significant cost inflation due to geopolitical situation impacting fuel (pet coke, coal) and other raw materials, with pass-through being only partial.
- Q2 FY27 is expected to see higher cost impact, with fuel costs potentially rising from INR 1.65 to INR 1.8-1.85 per Kcal and packaging costs increasing by INR 3.5-4 per bag.
What JK Lakshmi Cement Limited does
JK Lakshmi Cement manufactures and sells grey cement and blended cement (including Portland Pozzolana and Portland Slag varieties) through a large dealer/trade distribution network across India, with its original integrated plant at Jaykaypuram, Sirohi district, Rajasthan, commissioned in 1982. It is expanding into adjacent building-material categories such as TMT bars through partnerships, and operates captive renewable and thermal power sources to fuel its kilns and grinding units. Its subsidiary Udaipur Cement Works Ltd (UCWL) adds grinding capacity in Rajasthan, and the company is acquiring NECEM to establish a manufacturing foothold in the Northeast.
Segments
- Cement
- Total installed cement capacity
- 18.0 million tonnes per annum
- Target installed capacity by 2030
- 30 million tonnes per annum
- Captive power capacity
- 235 MW (including 161 MW green energy)
- Blended cement share of product mix
- ~62-65%
- Original plant commissioning year
- 1982 (Jaykaypuram, Sirohi, Rajasthan)
- Subsidiary grinding capacity (UCWL, post-2024 expansion)
- 4.70 MTPA
Guidance record · Q1 FY27
what the last two calls moved 21 tracked 1 delivered 6 missed 14 open- Udaipur Cement Merger delivered said Q3 FY25 Promised: might take about eight, nine months Q1 FY27: Promise remains achieved.
- Conveyor Belt Project went quiet said Q3 FY25 Promised: hopefully during this current quarter, we will be able to accomplish this approval Q1 FY27: No mention of the project for the second consecutive quarter after it was stalled.
- Northeast Expansion at risk said Q3 FY25 Promised: starting in FY28 Q1 FY27: Project now faces litigation (PIL) over land acquisition, putting the FY29 timeline at risk.
All 21 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 9.4%, net profit down 28.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,234 | 1,497 | 1,898 | 1,741 | 1,532 +24% | 1,588 +6% | 1,902 +0% | 1,905 +9% |
| EBITDA | 81 | 199 | 351 | 311 | 208 +157% | 205 +3% | 275 −22% | 259 −17% |
| Net profit | -31 | 75 | 175 | 150 | 81 +361% | 57 −24% | 125 −29% | 108 −28% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −44.2% 1Y
1Y: ₹906.85 on 10 Sept 2025 → ₹505.9. High ₹913.9 (16 Sept 2025), low ₹498.75 (8 Sept 2026).
How the price took the results
close before → close after
- Q1 FY27
- 0.0%
- 6 Aug
- Q4 FY26
- −2.6%
- 21 May
- Q3 FY26
- −0.2%
- 4 Feb
- Q2 FY26
- −3.0%
- 7 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 1.6% a year over 3 years, FY23 to FY26. Operating margin widened to 14.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹6.5k Cr | ₹6.8k Cr | ₹6.2k Cr | ₹6.8k Cr |
| Operating profit | ₹839 Cr | ₹1.1k Cr | ₹853 Cr | ₹999 Cr |
| Operating margin | 13.0% | 15.5% | 13.8% | 14.8% |
| Interest | ₹133 Cr | ₹151 Cr | ₹182 Cr | ₹211 Cr |
| Depreciation | ₹229 Cr | ₹247 Cr | ₹300 Cr | ₹324 Cr |
| Net profit | ₹369 Cr | ₹488 Cr | ₹276 Cr | ₹413 Cr |
| Net margin | 5.7% | 7.2% | 4.5% | 6.1% |
| Cash from operations | ₹634 Cr | ₹899 Cr | ₹784 Cr | ₹1.1k Cr |
| Free cash flow | ₹-98 Cr | ₹-107 Cr | ₹132 Cr | ₹407 Cr |
| ROCE | 14.0% | 17.0% | 10.0% | 12.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹59 Cr | ₹59 Cr | ₹59 Cr | ₹59 Cr | ₹62 Cr | ₹62 Cr |
| Reserves | ₹2.0k Cr | ₹2.4k Cr | ₹2.7k Cr | ₹3.2k Cr | ₹3.6k Cr | ₹3.8k Cr |
| Borrowings | ₹1.7k Cr | ₹1.9k Cr | ₹1.9k Cr | ₹2.1k Cr | ₹2.7k Cr | ₹2.6k Cr |
| Other liabilities | ₹1.5k Cr | ₹1.5k Cr | ₹1.9k Cr | ₹2.2k Cr | ₹2.4k Cr | ₹2.1k Cr |
| Total liabilities | ₹5.3k Cr | ₹5.9k Cr | ₹6.5k Cr | ₹7.6k Cr | ₹8.8k Cr | ₹8.5k Cr |
| Fixed assets | ₹3.4k Cr | ₹3.5k Cr | ₹3.5k Cr | ₹5.1k Cr | ₹5.6k Cr | ₹5.4k Cr |
| Capital work in progress | ₹274 Cr | ₹251 Cr | ₹890 Cr | ₹383 Cr | ₹230 Cr | ₹277 Cr |
| Investments | ₹476 Cr | ₹652 Cr | ₹527 Cr | ₹407 Cr | ₹665 Cr | ₹746 Cr |
| Other assets | ₹1.1k Cr | ₹1.5k Cr | ₹1.6k Cr | ₹1.7k Cr | ₹2.3k Cr | ₹2.2k Cr |
| Total assets | ₹5.3k Cr | ₹5.9k Cr | ₹6.5k Cr | ₹7.6k Cr | ₹8.8k Cr | ₹8.5k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −4.17 pp while the public added +3.92 pp. The shareholder count grew 51% to 1,65,372.
- Promoters
- 45.1%
- FIIs
- 8.6%
- DIIs
- 26.6%
- Public
- 19.7%
Since Jun 2025
- FIIs −4.17 pp
- Public +3.92 pp
- DIIs +1.46 pp
How it drifted, 12 quarters
Over this window the public went from 15.5% to 19.7% — +4.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 46.3%, FIIs 10.5%, DIIs 27.6%, Public 15.5%.Dec '23: Promoters 46.3%, FIIs 10.8%, DIIs 27.6%, Public 15.3%.Mar '24: Promoters 46.3%, FIIs 11.3%, DIIs 25.8%, Public 16.5%.Jun '24: Promoters 46.3%, FIIs 11.3%, DIIs 25.4%, Public 17.0%.Sep '24: Promoters 46.3%, FIIs 11.5%, DIIs 24.9%, Public 17.2%.Dec '24: Promoters 46.3%, FIIs 11.9%, DIIs 25.2%, Public 16.5%.Mar '25: Promoters 46.3%, FIIs 12.1%, DIIs 25.2%, Public 16.4%.Jun '25: Promoters 46.3%, FIIs 12.8%, DIIs 25.1%, Public 15.7%.Sep '25: Promoters 45.1%, FIIs 12.5%, DIIs 22.8%, Public 19.5%.Dec '25: Promoters 45.1%, FIIs 12.3%, DIIs 23.2%, Public 19.4%.Mar '26: Promoters 45.1%, FIIs 12.0%, DIIs 23.0%, Public 19.9%.Jun '26: Promoters 45.1%, FIIs 8.6%, DIIs 26.6%, Public 19.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- ICICI Prudential Mutual Fund - ICICI Prudential Rural Opportunities Fund Mutual fund +4.37 pp 5.79% held
- BANDHAN FLEXI CAP FUNd Mutual fund newly disclosed 1.15% held
- Bengal & Assam Company Ltd. +0.70 pp 42.74% held
- Raghupati Singhania newly disclosed 0.45% held
The same filing shows 1 holder trimming and 4 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of JK Lakshmi Cement Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Bengal & Assam Company Ltd. | 42.74% | +0.70 pp |
| ICICI Prudential Mutual Fund - ICICI Prudential Rural Opportunities Fund Mutual fund | 5.79% | +4.37 pp |
| HDFC Mutual Fund - HDFC BSE 500 ETF Mutual fund | 4.34% | unchanged |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund Mutual fund | 3.46% | unchanged |
| Invesco India Small Cap Fund Mutual fund | 2.57% | unchanged |
| Franklin Build India Fund Mutual fund | 1.61% | unchanged |
| Canara Robeco Mutual Fund A/C Gad1 Mutual fund | 1.55% | unchanged |
| BANDHAN FLEXI CAP FUNd Mutual fund | 1.15% | newly disclosed |
| Sachin Bansal | 1.11% | unchanged |
| General Insurance Corporation Of India Insurer | 1.03% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.00% | unchanged |
| Raghupati Singhania | 0.45% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in JKLAKSHMI
Filings to Aug 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹360 Cr
- 3 schemes
- Biggest holder
- HDFC Flexi Cap Fund
- ₹282 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Flexi Cap Fund HDFC Mutual Fund | ₹282 Cr | held | Sep '24 |
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹56 Cr | held | Mar '23 |
| HDFC ELSS Tax saver HDFC Mutual Fund | ₹22 Cr | held | Sep '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- -26%
- vs est. average cost
- Held by funds
- ₹360 Cr
- 3 schemes · ≈ 5.3% of the company
- Biggest holder
- HDFC Flexi Cap Fund
- ₹282 Cr · 0.3% of that fund
- Longest holder
- Nippon India Small Cap Fund
- 3y 6m · since Mar '23
Shares held by these funds +479%
Aug '23 64.44 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse JK Lakshmi Cement Limited
Guides on how to read this kind of business and the numbers that matter.