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JSW Cement share price & results

JSW Cement Limited· Construction Materials· Commodities

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

JSW Group cement maker & India's largest GGBS producer, with plants across India and the UAE.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,896 ₹ crore+21.5% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin16.0 %−5.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit153 ₹ crore—Quarterly, as filedQuarter to Jun 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity17.70 %+19.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-12.18 %−5.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)15.56 %+16.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

0 of 1 judged target kept · 19 open · verdicts reflect calls analysed to Q1 FY27.

JSW Cement Limited management guidance track record on Inve: 20 targets tracked across analysed earnings calls (0 achieved, 1 missed, 19 open).

TargetOriginal wordingSaidLatest callVerdict
Annual Sales Volume15.5 million tons
Call transcript, Q1 FY26 · 3 Sept 2025		Q1 FY26Q1 FY27:Target was for FY26, which has passed. Not mentioned.
Call transcript, Q1 FY27 · 14 Aug 2026		Missed
EBITDA per ton1,150 to 1,200
Call transcript, Q1 FY26 · 3 Sept 2025		Q1 FY26Q1 FY27:Consolidated EBITDA/ton fell to ₹784. Even excluding the new North operations, it was ₹979, still significantly below the target range.
Call transcript, Q1 FY27 · 14 Aug 2026		At Risk
Annual Capex₹2,000 crores
Call transcript, Q1 FY26 · 3 Sept 2025		Q1 FY26Q1 FY27:Management reiterated the revised FY27 capex guidance of ₹2,300 crores. Incurred ₹337 crores in Q1 FY27.
Call transcript, Q1 FY27 · 14 Aug 2026		On Track

Source: Inve Guidance Tracker for JSW Cement Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of JSW Cement Limited's 20 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.

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Price

₹117.6 +0.53% · +₹0.62

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −13.1% 1Y

₹110₹120₹130₹140Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q4 FY26 — 21 May 2026Q1 FY27 — 14 Aug 2026

1Y: ₹135.27 on 24 Oct 2025 → ₹117.6. High ₹142.29 (16 Jul 2026), low ₹108.02 (3 Dec 2025).

Previous close
₹116.98
Market cap
₹15.9k Cr
52-week range
₹108.02 – ₹142.29
One year
−13.90%
Price to earnings (TTM to Jun 2026)
20.17×
Return on equity (TTM to Jun 2026)
17.70%

Overview

Symbol
NSE:JSWCEMENT
Industry
Commodities
Exchange
NSE
Currency
INR

What JSW Cement Limited does

Based on the company's own presentations, annual report and earnings calls.

JSW Cement manufactures and sells cement, clinker and Ground Granulated Blast Furnace Slag (GGBS) — a cementitious substitute used mainly in ready-mix concrete (RMC) — from integrated, grinding and clinker units spread across South, West, East and North India, plus a clinker unit in Fujairah, UAE. It is part of the JSW Group and draws on group synergies, including long-term blast-furnace-slag supply contracts with JSW Steel plants, to feed its GGBS business. Cement and Shiva Cement (its East India subsidiary/brand) are sold through a network of channel partners and direct customers, while GGBS is sold to commercial RMC producers, EPC contractors, residential developers and government infrastructure agencies.

Segments

  • Cement
  • GGBS
  • Clinker
  • RMC
Cement Grinding Capacity
24.10 MTPA across 8 units
Clinker Capacity
9.74 MTPA across 4 units
Geographic Presence
South, West, East & North India, and UAE
Limestone Reserves
13 mines with 1.3 billion+ MT reserves (Indian operations)
Distribution Network
12,500+ channel partners and 7,500+ direct customers
GGBS Market Position
India's largest GGBS producer (~84% all-India market share, company estimate)
Headquarters JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Company website

How the price took the results

close before → close after

Q1 FY27
−0.8%
14 Aug
Q4 FY26
+5.4%
21 May

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.

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