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JSWCEMENT - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.2

Last Updated Time : 04 May 26, 11:18 am

Fundamental Rating: 3.2

Stock Code JSWCEMENT Market Cap 16,697 Cr. Current Price 122 ₹ High / Low 162 ₹
Stock P/E 42.2 Book Value 48.3 ₹ Dividend Yield 0.00 % ROCE 7.16 %
ROE 3.38 % Face Value 10.0 ₹ DMA 50 122 ₹ DMA 200 128 ₹
Chg in FII Hold -0.10 % Chg in DII Hold 0.65 % PAT Qtr 171 Cr. PAT Prev Qtr 95.9 Cr.
RSI 48.4 MACD 1.15 Volume 8,28,330 Avg Vol 1Wk 10,01,655
Low price 107 ₹ High price 162 ₹ PEG Ratio -1.24 Debt to equity 0.56
52w Index 28.5 % Qtr Profit Var 6,400 % EPS -10.6 ₹ Industry PE 30.8

Financials: JSW Cement shows weak fundamentals with ROCE at 7.16% and ROE at 3.38%. EPS is negative (-₹10.6), reflecting poor profitability despite quarterly PAT rising to ₹171 Cr. from ₹95.9 Cr. Debt-to-equity ratio of 0.56 indicates moderate leverage.

Valuation: P/E of 42.2 is significantly above industry average (30.8), suggesting overvaluation. PEG ratio of -1.24 highlights poor growth-adjusted valuation. Dividend yield is nil, reducing investor appeal.

Business Model: JSW Cement operates in the cement sector, benefiting from infrastructure demand. Competitive advantage lies in brand presence, but weak profitability undermines fundamentals.

Entry Zone: Reasonable entry between ₹115–₹125 near DMA 50 (₹122). Long-term holding requires caution due to weak fundamentals and overvaluation.

Positive

- PAT surged from ₹95.9 Cr. to ₹171 Cr.

- Domestic institutional inflows (+0.65%) show confidence

- Technical indicators (RSI 48.4, MACD 1.15) suggest mild support

- Cement sector demand supported by infrastructure growth

Limitation

- Negative EPS (-₹10.6) reflects poor profitability

- ROE (3.38%) and ROCE (7.16%) are weak compared to peers

- High P/E (42.2) vs industry average (30.8) indicates overvaluation

- Dividend yield of 0.00% offers no income support

Company Negative News

- Weak fundamentals with negative EPS and modest return ratios

- Decline in foreign institutional holdings (-0.10%)

- Overvaluation compared to industry peers

Company Positive News

- Strong PAT growth quarter-on-quarter (+6,400% variation)

- Domestic institutional inflows (+0.65%) add confidence

- Technical support near DMA levels

Industry

- Cement sector outlook remains positive with infrastructure demand

- Industry P/E at 30.8 highlights JSW Cement trading at premium valuation

Conclusion

JSW Cement presents weak fundamentals with negative EPS, modest ROE/ROCE, and stretched valuations. While short-term PAT growth and domestic inflows provide support, long-term investors should be cautious. Entry around ₹115–₹125 offers limited conviction, with profitability recovery and valuation normalization essential for sustainable holding.

Would you like me to also prepare a peer benchmarking overlay comparing JSW Cement against Ultratech, Shree Cement, and ACC, so you can evaluate relative valuation and efficiency in a modular HTML format?

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