JSW Group cement maker & India's largest GGBS producer, with plants across India and the UAE.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 986 | 986 | 986 | 986 | 986 | 986 | 1.3k | 1.3k |
| Reserves | 461 | 762 | 1.1k | 1.4k | 1.7k | 1.9k | 4.7k | 5.8k |
| Borrowings | 2.7k | 2.7k | 3.8k | 4.8k | 5.6k | 5.8k | 4.6k | 3.6k |
| Other Liabilities | 1.5k | 1.6k | 1.8k | 2.4k | 2.6k | 2.9k | 3.5k | 3.3k |
| Total Liabilities | 5.6k | 6.0k | 7.7k | 9.6k | 10.8k | 11.6k | 14.1k | 14.1k |
| AssetsFixed Assets | 2.9k | 3.2k | 3.3k | 4.3k | 5.0k | 5.5k | 6.8k | 7.1k |
| CWIP | 453 | 239 | 422 | 756 | 634 | 927 | 1.8k | 939 |
| Investments | 666 | 840 | 1.0k | 988 | 1.1k | 1.1k | 357 | 1.0k |
| Other Assets | 1.6k | 1.8k | 3.0k | 3.5k | 4.1k | 4.1k | 5.2k | 5.0k |
| Total Assets | 5.6k | 6.0k | 7.7k | 9.6k | 10.8k | 11.6k | 14.1k | 14.1k |
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 842 | 743 | 271 | 785 | 1.1k | 785 | 1.0k |
| Cash from Investing | -662 | -468 | -1.1k | -1.5k | -844 | -538 | -1.5k |
| Cash from Financing | -130 | -286 | 944 | 584 | -199 | -285 | 826 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | 309 | 483 | -205 | -73 | 522 | -85 | -647 |
| FCF Margin | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
JSWCEMENT · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.