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JSWCEMENT - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.4

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 3.4

Stock Code JSWCEMENT Market Cap 16,182 Cr. Current Price 119 ₹ High / Low 162 ₹
Stock P/E 40.9 Book Value 48.3 ₹ Dividend Yield 0.00 % ROCE 7.16 %
ROE 3.38 % Face Value 10.0 ₹ DMA 50 121 ₹ DMA 200 130 ₹
Chg in FII Hold -1.10 % Chg in DII Hold 0.22 % PAT Qtr 171 Cr. PAT Prev Qtr 95.9 Cr.
RSI 46.4 MACD -0.82 Volume 12,70,432 Avg Vol 1Wk 20,20,832
Low price 107 ₹ High price 162 ₹ PEG Ratio -1.21 Debt to equity 0.56
52w Index 21.7 % Qtr Profit Var 6,400 % EPS -10.6 ₹ Industry PE 28.2

📊 Core Financials

  • Revenue Growth: PAT improved significantly (₹171 Cr vs ₹95.9 Cr)
  • Profit Margins: Weak with ROE at 3.38% and ROCE at 7.16%
  • Debt Ratios: Debt-to-Equity at 0.56, moderate leverage
  • Cash Flows: No dividend payout, reinvestment focus
  • Return Metrics: Below industry averages, efficiency concerns

💹 Valuation Indicators

  • P/E Ratio: 40.9 (well above industry average of 28.2, overvalued)
  • P/B Ratio: ~2.5 (Price ₹119 / Book Value ₹48.3)
  • PEG Ratio: -1.21 (negative, signals poor earnings growth outlook)
  • Intrinsic Value: Appears stretched given weak profitability

🏢 Business Model & Competitive Advantage

  • Operates in cement manufacturing, part of JSW Group
  • Competitive advantage lies in brand strength and group synergies
  • Profitability pressures weaken sustainability despite scale

📈 Entry Zone Recommendation

  • Current Price: ₹119
  • Support Zone: ₹107 – ₹115 (near 52-week low, RSI at 46.4 indicates neutral momentum)
  • Long-term Holding: Risky due to weak profitability and high valuation; suitable only for aggressive investors

✅ Positive

  • Strong PAT improvement (₹171 Cr vs ₹95.9 Cr)
  • Part of JSW Group, benefiting from brand and network
  • DII holdings increased (+0.22%), showing domestic support

⚠️ Limitation

  • ROE and ROCE are weak compared to peers
  • P/E ratio significantly above industry average
  • No dividend yield reduces immediate investor returns

📉 Company Negative News

  • FII holdings decreased (-1.10%), showing reduced foreign investor confidence
  • Technical indicators (MACD negative, trading below DMA 200) reflect weak momentum

📈 Company Positive News

  • Quarterly profit variation of 6,400% YoY indicates turnaround performance
  • Strong group backing provides stability

🌐 Industry

  • Cement industry benefits from infrastructure and housing demand
  • Industry P/E at 28.2 highlights JSWCEMENT trading at a premium

🔎 Conclusion

JSWCEMENT shows a sharp turnaround in profitability but remains weak in return ratios and overvalued compared to industry peers. Entry around ₹107–₹115 may provide a safer margin for speculative investors. Long-term holding requires caution until profitability stabilizes and valuations align with industry standards.

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