J. K. Cement Limited.
JKCL (CIN No: L17229UP1994PLC017199), part of the JK group (North), was incorporated in November 1994. JKCL has a consolidated installed capacity of 22.2 MTPA as on December 31, 2023. It is also one of the leading white cement manufacturers with an i...
Key Metrics
EPS
102.31
Current ratio
1.30
Debt/Equity
1.78
Debt/EBITDA
4.31
Interest coverage ratio
0.28
Operating Cashflow to total debt
0.29
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Strong market position with growing diversification in the grey cement segment:
Strong operational performance driven by robust volume growth and realisation improvement with capacity expansion to drive growth.
Comfortable financial risk profile and strong liquidity position.
Experienced promoters and strong brand image
Foray into paint business
Liquidity: Strong
Cons
Project risk
Cyclicality of the cement industry
Exposure to volatility in the costs of coal and fuel as well as sales realisation prices
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About J. K. Cement Limited. bond.
This comprehensive profile covers key factual information about J. K. Cement Limited.. JKCL (CIN No: L17229UP1994PLC017199), part of the JK group (North), was incorporated in November 1994. JKCL has a consolidated installed capacity of 22.2 MTPA as on December 31, 2023. It is also one of the leading white cement manufacturers with an installed capacity of 1.48 MTPA and also has a presence in the wall putty segment with an installed capacity of 1.33 MTPA. JKCL, under its step-down subsidiary, J.K Cement Works (Fujairah), FZC UAE, has a dual process cement plant having an interchangeable capacity of 0.6 MTPA of white cement or 1 MTPA of grey cement. The company sells its produce through established brands, namely, ‘JK Super Cement’ in the grey cement segment, ‘JK Cement WhiteMaxx’, and ‘JK Cement WallMaxx’, in the white cement segment. Early in March 2022, the company announced its foray into the paint business through a wholly owned subsidiary named JK Max Paints Ltd. On July 20, 2023, JKCL secured regulatory approval to merge its subsidiary Jaykaycem (Central) and further JCCL was merged from August 01, 2023. On February 21, 2024, JKCL announced a 100% acquisition of stake in Toshali Cement Private Limited as a wholly owned subsidiary. EPS in Mar-2024 was 102.31. Current ratio in Mar-2024 was 1.30. Debt/Equity in Mar-2024 was 1.78. Debt/EBITDA in Mar-2024 was 4.31. Interest coverage ratio in Mar-2024 was 0.28. Operating Cashflow to total debt in Mar-2024 was 0.29. Total revenue for Mar-2025 (E) was ₹12865.76. Net income for Mar-2025 (E) stood at ₹1034.49. Total assets as of Mar-2024 were ₹14,802.10. Operating cash flow for Mar-2024 was ₹1,959.08. The company’s borrowing relationships include Axis Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Punjab National Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Bandhan Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), Canara Bank (₹N/A Cr), Export Import Bank of India (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Jammu and Kashmir Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), Punjab National Bank (₹N/A Cr), State Bank of India (₹N/A Cr), UCO Bank (₹N/A Cr), Union Bank of India (₹N/A Cr), Proposed (₹N/A Cr), UCO Bank (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Punjab National Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr). Peers and comparison entities consist of J K Cement Limited, UltraTech Cement Limited, Grasim Industries Limited, Ambuja Cements Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strong market position with growing diversification in the grey cement segment:; Strong operational performance driven by robust volume growth and realisation improvement with capacity expansion to drive growth.; Comfortable financial risk profile and strong liquidity position.; Experienced promoters and strong brand image; Foray into paint business; Liquidity: Strong. Key risks include: Project risk; Cyclicality of the cement industry; Exposure to volatility in the costs of coal and fuel as well as sales realisation prices. Leadership team details include Ajai Kumar (President), Ajay Kumar Saraogi (Dy.Managing Director & CFO), Amit Kothari (Group President), Andleeb Jain (Group President), Anil Kumar Agrawal (Group President), Anoop Kr Shukla (President), Anuj Khandelwal (Business Head), Ashok Kumar Sharma (Director), Ashok Sinha (Director), Atul Bagla (President), Deepa Gopalan Wadhwa (Director), Madhavkrishna Singhania (Dy.Managing Director & CEO), Mudit Aggarwal (Director), Nidhipati Singhania (Vice Chairman), Nitish Chopra (Deputy Business Head), Paul Heinz Hugentobler (Director), Prashant Seth (President), Praveen Mahajan (Director), Puneet Arora (President - Projects), Pushpraj Singh (Group President), Raghavpat Singhania (Managing Director), Rakesh Sethi (Director), RBM Tripathi (President & Head), Sanjeev Garg (President - Corporate Affairs), Saurabh Chandra (Director), Shambhu Singh (Company Secretary & Compliance Officer), Sudhir Jalan (Director), Sumnesh Khandelwal (Deputy Chief Financial Officer), Sushila Devi Singhania (Chairperson), Yagyesh Gupta (Head - Manufacturing). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.