# JSWCEMENT (JSWCEMENT) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/jswcement

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹117.42
- Change: +0.67%
- As of: 2026-09-18
- 1D return: +0.69%
- 5D return: -2.76%
- 1M return: -6.15%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, JSW Cement is trading below key moving averages on the daily and monthly charts, indicating a bearish technical stance. The weekly timeframe shows the price below its 20-day and 50-day moving averages, but above the Supertrend indicator, suggesting a mixed picture. Daily momentum appears weak, with the ADX at 37.92 and the negative directional indicator (DI) at 30.8, exceeding the positive DI of 10.03. A downward gap occurred on September 9, 2026, with a return of -1%, contributing to a moderate severity anomaly. The stock is currently trading near its nearest support level of ₹117.30, which is approximately 0.12% below the current price. The nearest resistance is observed at ₹117.97, about 0.45% higher.

The stock's risk profile includes an annualized volatility of 29% and a current drawdown of -26%. The maximum drawdown observed is -32%. The price is positioned at the lower end of its recent trading range, with its position in the 20-day range at 18% and in the 252-day range at 23% from the low.

Key watch conditions include monitoring the price action around the immediate support at ₹117.30 and resistance at ₹117.97. A sustained move below ₹117.30 could signal further downside, while a break above ₹117.97 may indicate a potential shift in short-term momentum. The divergence between the daily/monthly bearish trends and the weekly Supertrend being bullish warrants close observation for any trend alignment.

- Current price on September 18, 2026, is ₹117.44.
- Nearest support level identified at ₹117.30 (approx. 0.12% below current price).
- Nearest resistance level identified at ₹117.97 (approx. 0.45% above current price).
- Daily and monthly timeframes show price below key moving averages and Supertrend, indicating bearish trends.
- Weekly timeframe shows price below 20-day and 50-day moving averages, but above the Supertrend indicator.
- A downward gap anomaly occurred on September 9, 2026.

- Doji
- Inside Bar

### News Context

JSW Cement's subsidiary, JSW One, is reportedly planning an Initial Public Offering (IPO) to raise between ₹1,300 crore and ₹1,500 crore in fresh capital. The company is targeting a listing in the first quarter of fiscal year 2028. This move, supported by JSW Steel and JSW Cement, aims to raise a total of ₹3,000 crore through the public issue. Separately, a news dispatch mentioned Theranautilus, an entity recognized with an ETSA award, is preparing for human trials of its nanorobot-based dental technology.

- JSW One plans to file IPO papers seeking to raise ₹3,000 crore, with sources indicating ₹1,300-1,500 crore in fresh capital, as reported on September 18, 2026.
- JSW One is targeting a listing in the first quarter of fiscal year 2028.
- The IPO plans for JSW One are backed by JSW Steel and JSW Cement.

- ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans
- JSW One plans to file Rs 3,000-crore IPO papers - The Economic Times

### What Changed

Recent news indicates that JSW One, a company backed by JSW Steel and JSW Cement, is planning to file for an Initial Public Offering (IPO) of approximately ₹3,000 crore. The company is targeting to raise ₹1,300-1,500 crore in fresh capital and aims for a listing in the first quarter of fiscal year 2028. Separately, there was a mention of Theranautilus, a company involved in nanorobot-based dental technology, heading towards human trials. The company's stock price on the NSE was ₹117.44 as of September 18, 2026, a slight increase from its previous price of ₹116.64.

- JSW One, supported by JSW Cement, is planning a ₹3,000 crore IPO, with fresh capital expected between ₹1,300-1,500 crore.
- JSW One is targeting a listing in the first quarter of fiscal year 2028.
- JSW Cement's stock price on the NSE was ₹117.44 on September 18, 2026.
- The stock price on September 18, 2026, was higher than the previous price of ₹116.64.

- ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans
- JSW One plans to file Rs 3,000-crore IPO papers - The Economic Times

### Official Filings

JSW Cement Limited has disclosed several key developments relevant to investors. The company's Board of Directors approved its participation as a Promoter Selling Shareholder in the proposed Initial Public Offering (IPO) of JSW One Platforms Limited, with plans to offer shares valued up to ₹123.00 Crores, subject to market conditions and regulatory approvals. This move indicates a potential strategic divestment or capital raising activity related to its subsidiary.

Financially, for the first quarter of FY27 (ending June 30, 2026), JSW Cement reported consolidated revenue of ₹1,896 crore, a 22% year-on-year increase. However, operating EBITDA saw a 7% year-on-year decline to ₹298.6 crore, attributed to higher fuel costs and marketing investments in new North region operations. Despite this, net profit stood at ₹153.4 crore. Total sales volume grew 15% year-on-year to 3.81 million tonnes, with cement volumes up 27% year-on-year. The company also reported an increase in renewable power capacity to 112 MW with the addition of 56 MW of wind capacity.

In terms of creditworthiness, India Ratings and Research affirmed the 'IND AA-/Stable/IND A1+' rating for existing bank loan facilities totaling ₹32,490 million and assigned a new 'IND AA-/Stable' rating to a proposed non-convertible debentures issue of ₹5,000 million. This indicates a stable outlook on the company's debt instruments.

However, the company is facing potential regulatory challenges. It received a Show Cause Notice from the Office of the Additional Commissioner, Central Tax (Audit), Guntur, alleging GST contraventions for fiscal years 2020-21 to 2022-23, proposing a total tax demand of Rs. 81,03,42,387/- along with interest and penalties. Additionally, a Show Cause cum Demand Notice was received from the Joint Commissioner, Central Tax (Audit), Kolkata, for GST contraventions related to Input Tax Credit and short payments for fiscal years 2020-21 through 2023-24, proposing a GST demand of Rs. 10,26,58,291/- with interest and penalties. The company has stated that these matters are not expected to have a material impact on its financials and is in the process of filing replies.

- On August 13, 2026, the Board approved JSW Cement's participation as a Promoter Selling Shareholder in the proposed IPO of JSW One Platforms Limited, offering shares valued up to ₹123.00 Crores.
- For Q1 FY27, consolidated revenue was ₹1,896 crore (up 22% YoY), while operating EBITDA was ₹298.6 crore (down 7% YoY).
- Total volume sales reached 3.81 million MT in Q1 FY27, with cement volumes increasing by 27% YoY.
- On September 8, 2026, India Ratings and Research affirmed existing bank loan ratings and assigned 'IND AA-/Stable' to a proposed ₹5,000 million non-convertible debentures issue.
- On August 20, 2026, the company received a Show Cause Notice proposing a GST demand of Rs. 81,03,42,387/- for FY21-23.
- On August 18, 2026, a Show Cause cum Demand Notice proposed a GST demand of Rs. 10,26,58,291/- for FY21-24.

- Please find enclosed herewith Intimation of Analyst / Institutional Investors Meeting(s) Pursuant to Regulation 30 of the Listing Regulations. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Please find attached disclosure of Credit rating pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: Credit Rating- New
- JSW Cement Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation
- Please find attached the disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
- Please find attached disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
- Please find attached intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
- Please find enclosed herewith Earnings Call Transcript for the Results Conference call held on 14th August, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- JSW Cement Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- The Board has approved participation in the Company in the proposed initial public offering of JSW One Platforms Limited as a Promoter Selling Shareholder by offering for sale. |SUBJECT: Disclosure of material issue
- JSW Cement Limited has informed the Exchange regarding a press release dated August 13, 2026, titled "Press Release". |SUBJECT: Press Release

### Fundamentals

JSW Cement's recent operating performance shows a mixed trend across its reported quarters. Revenue from operations saw an increase from ₹1,621.22 crore in Q3 FY2025-26 to ₹1,894.99 crore in Q4 FY2025-26, and remained stable at ₹1,896.41 crore in Q1 FY2026-27. Profitability metrics present a more varied picture. Comprehensive income for the period rose significantly from ₹122.10 crore in Q3 FY2025-26 to ₹363.93 crore in Q4 FY2025-26, before declining to ₹182.66 crore in Q1 FY2026-27. Similarly, Profit Loss for the period followed this pattern, increasing from ₹130.62 crore in Q3 FY2025-26 to ₹361.65 crore in Q4 FY2025-26, then falling to ₹153.43 crore in Q1 FY2026-27. Profit Before Exceptional Items and Tax showed a slight increase from ₹203.26 crore in Q3 FY2025-26 to ₹213.27 crore in Q4 FY2025-26, but then decreased to ₹177.44 crore in Q1 FY2026-27. Profit Before Tax also mirrored this trend, moving from ₹169.60 crore in Q3 FY2025-26 to ₹208.83 crore in Q4 FY2025-26, and then to ₹177.44 crore in Q1 FY2026-27. Tax expense varied, with a notable negative expense of -₹146.77 crore in Q4 FY2025-26, compared to positive expenses of ₹53.67 crore in Q3 FY2025-26 and ₹36.73 crore in Q1 FY2026-27. The company's ability to translate revenue into sustained profit growth and manage its tax liabilities will be key monitoring areas.

- Revenue from operations was ₹1,621.22 crore in Q3 FY2025-26, ₹1,894.99 crore in Q4 FY2025-26, and ₹1,896.41 crore in Q1 FY2026-27.
- Comprehensive income for the period was ₹122.10 crore in Q3 FY2025-26, ₹363.93 crore in Q4 FY2025-26, and ₹182.66 crore in Q1 FY2026-27.
- Profit Loss for the period was ₹130.62 crore in Q3 FY2025-26, ₹361.65 crore in Q4 FY2025-26, and ₹153.43 crore in Q1 FY2026-27.
- Profit Before Tax was ₹169.60 crore in Q3 FY2025-26, ₹208.83 crore in Q4 FY2025-26, and ₹177.44 crore in Q1 FY2026-27.
- Tax expense was ₹53.67 crore in Q3 FY2025-26, -₹146.77 crore in Q4 FY2025-26, and ₹36.73 crore in Q1 FY2026-27.

### Bull Case

The company's JSW One subsidiary is reportedly planning an Initial Public Offering (IPO) with the aim of raising ₹1,300-1,500 crore in fresh capital. This public issue is targeting a listing in the first quarter of fiscal year 2028. The weekly trend analysis indicates a bullish SuperTrend signal, suggesting a potentially positive short-term outlook from a technical perspective. However, both daily and monthly trend analyses show a bearish SuperTrend direction, indicating a prevailing downward trend over longer timeframes.

- JSW One subsidiary is planning an IPO to raise ₹1,300-1,500 crore, targeting a listing in Q1 FY28.
- Weekly technical trend shows a bullish SuperTrend signal.
- Daily and monthly technical trends indicate a bearish SuperTrend direction.

- ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans
- JSW One plans to file Rs 3,000-crore IPO papers - The Economic Times

### Bear Case

The company's technical indicators suggest a prevailing bearish trend across multiple timeframes. Daily analysis shows the closing price of ₹117.44 is below the 20-day Exponential Moving Average (EMA) of ₹121.88 and the 50-day Simple Moving Average (SMA) of ₹129.13, with negative slopes indicating downward momentum. The daily Super Trend indicator is also in a bearish direction at ₹123.18. Monthly trends reinforce this caution, with the Super Trend at ₹170.26 also indicating a bearish outlook. The stock has experienced a significant drawdown of -26%, with a maximum drawdown of -32% observed. Over the past year, the stock has declined by -22%, and year-to-date returns are negative at -2%.

- Daily technical indicators, including EMAs and SMAs, are below the current price with negative slopes, and the Super Trend is bearish as of 2026-09-18.
- Monthly technical analysis also shows a bearish Super Trend direction as of 2026-09-18.
- The stock has experienced a current drawdown of -26% and a maximum drawdown of -32%.
- Period returns show a decline of -22% over the last year and -2% year-to-date as of 2026-09-18.

- ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans
- JSW One plans to file Rs 3,000-crore IPO papers - The Economic Times

### FAQs

**What is the company's recent financial performance as of Q1 FY27?**

For Q1 FY27, JSW Cement reported revenue of ₹1,896.4 crore, an increase of 21.6% year-over-year. However, operating EBITDA declined by 7.5% year-over-year to ₹298.6 crore, attributed to higher fuel costs and operational impacts in the North region. Net profit for the quarter was ₹153.4 crore.

**What are the key operational updates for JSW Cement as of August 2026?**

As of August 2026, JSW Cement reported total volume sales of 3.81 million MT, with cement volumes growing 26.5% year-over-year. The company added 56 MW of wind capacity, bringing its total renewable power capacity to 112 MW. The Nagaur Integrated Unit's OLBC system was expected to undergo trial runs in August 2026, and a 1.0 MTPA grinding unit was scheduled for commissioning in September 2026.

**What is the company's credit rating and debt situation?**

On September 8, 2026, India Ratings and Research affirmed the 'IND AA-/Stable/IND A1+' rating for JSW Cement Limited's existing bank loan facilities, which total ₹32,490 million. The agency also assigned a new 'IND AA-/Stable' rating to its proposed non-convertible debentures issue of ₹5,000 million.

**What is the status of the GST Show Cause Notice received by JSW Cement?**

On August 21, 2026, JSW Cement disclosed it received a Show Cause Notice from the Office of the Additional Commissioner, Central Tax (Audit), Guntur, alleging GST contraventions for fiscal years 2020-21 to 2022-23. The notice proposes a total tax demand of ₹81,03,42,387/- plus interest and penalties. The company stated there is no material impact on its financials and had not yet filed its reply as of the disclosure date.

**What are the recent technical indicators for JSW Cement as of September 18, 2026?**

As of September 18, 2026, JSW Cement's daily trend indicators suggest a bearish sentiment, with the closing price of ₹117.44 below the 20-day EMA (₹121.88) and 50-day EMA (₹126.03). The Supertrend direction is bearish at ₹123.18. However, the weekly trend shows a bullish Supertrend direction at ₹114.97.

- ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans
- JSW One plans to file Rs 3,000-crore IPO papers - The Economic Times
- Please find enclosed herewith Intimation of Analyst / Institutional Investors Meeting(s) Pursuant to Regulation 30 of the Listing Regulations. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Please find attached disclosure of Credit rating pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: Credit Rating- New
- JSW Cement Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation
- Please find attached the disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
- Please find attached disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
## Technical analytics

- As of: 2026-09-18
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹116.58
- Risk regime: Price Risk Requires Attention

### Support levels
- 115.6925
- 111.75
- 109.6

### Resistance levels
- 124.41
- 127.914375
- 136.4

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.69% |
| return_10 | -4.81% |
| return_1m | -7.75% |
| return_1y | -22.33% |
| return_20 | -6.15% |
| return_3m | -10.16% |
| return_5 | -2.76% |
| return_6m | -1.04% |
| return_since_start | -19.60% |
| return_ytd | -2.32% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -32.14% |
| annualized_volatility | +29.47% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Reaches a New High, but Tax Swing Widens Sequential Profit Decline

JSW Cement Limited reported revenue from operations of ₹1,896.41 crore for the first quarter of FY2026-27 ended June 30, 2026. Revenue rose 21.6% from the same quarter last year and was slightly above the immediately preceding quarter. Profit before exceptional items and tax declined sequentially, and profit for the period fell more sharply as the tax line swung from a credit in the prior quarter to an expense in the current quarter.

## Revenue and Pre-Exceptional Profit

Revenue from operations was ₹1,896.41 crore, up from ₹1,559.82 crore in Q1 FY2025-26 and marginally above ₹1,894.99 crore in Q4 FY2025-26. It was the highest revenue among the five consecutive quarters reported.

Profit before exceptional items and tax was ₹177.44 crore, down 16.8% from ₹213.27 crore in Q4 FY2025-26. The decline occurred even though revenue was nearly flat from the previous quarter. On a year-on-year basis, profit before exceptional items and tax rose 7.8% from ₹164.61 crore.

Profit before tax was also ₹177.44 crore, compared with ₹208.83 crore in Q4. Profit for the period was ₹153.43 crore, versus ₹361.65 crore in Q4 and a loss of ₹1,366.41 crore in Q1 last year.

## Tax and Exceptional Items

In the current quarter, profit before tax and profit before exceptional items and tax were identical at ₹177.44 crore, meaning no exceptional-item difference was recorded. In Q1 FY2025-26, profit before tax was -₹1,301.77 crore while profit before exceptional items and tax was ₹164.61 crore, reflecting a large exceptional loss.

The tax line moved from a credit of ₹146.77 crore in Q4 FY2025-26 to an expense of ₹36.73 crore in Q1 FY2026-27, a swing of ₹183.50 crore. This tax swing accounted for approximately 88% of the ₹208.22 crore sequential decline in profit for the period. Reported tax expense represented about 20.7% of reported profit before tax.

## Finance Costs and Other Quarterly Expenses

Finance costs were ₹97.35 crore, up 9.6% from ₹88.80 crore in Q4 FY2025-26 and down 4.7% from ₹102.16 crore in Q1 FY2025-26. Other income was ₹73.78 crore in the quarter. Additional quarterly expense lines included cost of materials consumed at ₹443.72 crore, employee benefit expense at ₹97.72 crore, and depreciation, depletion and amortisation expense at ₹97.54 crore.

## Other Comprehensive Income

Other comprehensive income was ₹29.23 crore, higher than the ₹2.28 crore reported in Q4 FY2025-26 and the negative readings in earlier quarters. Combined with profit for the period, comprehensive income for the quarter totaled ₹182.66 crore.

## Key Takeaway

Revenue from operations reached its highest level in the latest five quarters, rising 21.6% year-on-year. Profit before exceptional items and tax fell from the previous quarter even though revenue was nearly flat. Profit for the period declined more sharply primarily because the previous quarter included a tax credit and the current quarter recorded a tax expense; no exceptional-item difference was recorded in the current quarter.

### Ratios

## Official filings

- 2026-09-15 — Generic Announcement: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_15092026192333_SE_Intimation_Investor_Analayst_meeting__1_.pdf)
- 2026-09-08 — Credit Rating Update: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_08092026184708_upload.pdf)
- 2026-08-28 — Earnings Presentation: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_28082026175358_SE_Intimation_Investor_Presentation___1_.pdf)
- 2026-08-26 — Litigation Disclosure: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_26082026194606_upload.pdf)
- 2026-08-21 — Litigation Disclosure: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_21082026154751_Upload.pdf)
- 2026-08-19 — Litigation Disclosure: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_19082026163245_Upload.pdf)
- 2026-08-19 — Earnings Transcript: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_19082026201353_SE_Intimation_Transcript_.pdf)
- 2026-08-14 — Generic Announcement: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_14082026155430_SE_Intimation_Audio_Recording__1_.pdf)
- 2026-08-13 — Generic Announcement: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_13082026193636_JSW_One_Platforms_dsc.pdf)
- 2026-08-13 — Press Release: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_13082026203309_Press_Release_with_Annexure_DSC.pdf)
- 2026-08-13 — Earnings Presentation: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_13082026205402_SE_Intimation_Investor_Presentation_DSC.pdf)
- 2026-08-13 — Generic Announcement: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_13082026191116_BM_Outcome_with_result-DSC.pdf)
- 2026-08-13 — Generic Announcement: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_13082026190353_BM_Outcome_with_result-DSC.pdf)
- 2026-08-13 — Generic Announcement: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_13082026194157_Monitoring_Agency_Report_dsc.pdf)
- 2026-08-11 — Generic Announcement: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_11082026174538_Prior_Intimation_of_Results_Conference_Call_Q1.pdf)
- 2026-08-10 — Generic Announcement: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_24286_WebXMLFile_20260810_184935419.xml)
- 2026-08-10 — Generic Announcement: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_24286_WebXMLFile_20260810_184919696.xml)
- 2026-08-06 — Generic Announcement: JSW Cement Limited has scheduled a results conference call for Friday, August 14, 2026, at 10:00 AM IST to discuss the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The call will be hosted by PhillipCapital (India) Private Limited and will include senior management representatives. A transcript will be available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_06082026165849_Investor_Call.pdf)
- 2026-08-06 — Generic Announcement: JSW Cement Limited management will participate in two investor meetings: the Equirus Annual India Conference in Mumbai on August 14, 2026, and the Goldman Sachs Asia Leaders Conference 2026 in Hong Kong from August 31 to September 1, 2026. No Unpublished Price Sensitive Information (UPSI) will be shared during these meetings. — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_06082026170256_SE_Intimation_Investor_Analayst_meeting.pdf)
- 2026-08-03 — Generic Announcement: JSW Cement Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_24286_WebXMLFile_20260803_173828302.xml)
- 2026-07-31 — Generic Announcement: JSW Cement Limited held its 20th Annual General Meeting on July 31, 2026, via video conference. All five agenda items, including the adoption of financial statements for the year ended March 31, 2026, the declaration of a dividend of ₹0.50 per equity share, the re-appointment of director Mr. Seshagiri Rao MVS, remuneration for cost auditors, and payment of commission to non-executive directors, were passed by the members with the requisite majority. The meeting was attended by 69 members. — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_31072026194149_Outcome_Final.pdf)
- 2026-07-24 — Generic Announcement: JSW Cement Limited is issuing a corporate guarantee of USD 29.24 million to secure a loan for its wholly-owned subsidiary, JSW Cement Middle East L.L.C -SPC. This loan will fund the establishment of a 1.65 million tonnes per annum cement grinding unit in Fujairah, UAE. The guarantee was provided on an arm's length basis, with no immediate impact on JSW Cement Limited unless the subsidiary defaults on its loan obligations. — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_24072026190635_Intimation_Corporate_Guarantee.pdf)
- 2026-07-17 — Generic Announcement: On July 17, 2026, JSW Steel Limited's board approved the company's participation in the proposed initial public offering (IPO) of JSW One Platforms Limited (JOPL) as a Promoter Selling Shareholder. JSW Steel will offer for sale equity shares of JOPL aggregating up to Rs. 811 Crores. The transaction is subject to applicable law, market conditions, and necessary approvals. JSW One Platforms Limited contributed Rs. 90 crores in profit for FY 2025-26, representing 0.35% of JSW Steel's consolidated net profit after tax. — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_17072026195210_Stock_Exchange_Intimation.pdf)
- 2026-07-14 — Credit Rating Update: On July 14, 2026, JSW Cement Limited announced that India Ratings and Research (Ind-Ra) upgraded its long-term bank facilities from IND A+ to IND AA- and affirmed its short-term bank facilities at IND A1+. The long-term facilities are valued at ₹3249 crore. — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_14072026132450_Intimation_Credit_Rating.pdf)
- 2026-07-14 — Generic Announcement: JSW Cement Limited received a certificate from its Registrar and Share Transfer Agent, KFin Technologies Limited, for the quarter ended June 30, 2026. The certificate confirms that no securities were received from Depository Participants for dematerialization during the quarter, meaning no certificates were mutilated, cancelled, or substituted in the register of members. — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWCL_14072026194021_Covering_letter_along_with_Cert_-_74_5__signed.pdf)

## News and market events

- 2026-09-18 — Economic Times: **ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans** — Happy Friday! Theranautilus is set to begin human trials of its nanorobot-based dental tech soon. This and more in todays ETtech Morning Dispatch. — [Source](https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/etsa-winner-theranautilus-heads-to-human-trials-jsw-ones-ipo-plans/articleshow/134323776.cms)
- 2026-09-18 — Economic Times: **JSW One plans to file Rs 3,000-crore IPO papers - The Economic Times** — Through the public issue, the JSW Group company is expected to raise Rs 1,300-1,500 crore in fresh capital, sources said. Backed by JSW Steel and JSW Cement, the company is targeting a listing in the first quarter of next fiscal 2028, the people said. — [Source](https://economictimes.indiatimes.com/tech/technology/jsw-one-plans-to-file-rs-3000-crore-ipo-papers/articleshow/134316828.cms)
- 2026-08-26 — The Hindu: **JSW Group puts Odisha battery plant on hold over LFP technology constraints** — JSW Group halts Odisha battery plant plans due to LFP technology constraints, seeking a technology partner for production. — [Source](https://www.thehindu.com/business/industry/jsw-group-puts-odisha-battery-plant-on-hold-over-lfp-technology-constraints/article71392886.ece)
- 2026-08-21 — FREEPRESSJOURNAL.IN: **JSW Cement Gets ₹81-Crore GST Notice, Company Prepares Reply Against Tax Claims** — JSW Cement faces a Rs 81.03-crore GST demand, plus interest and an equal penalty, over alleged tax violations between FY21 and FY23. The company is preparing a detailed formal reply. — [Source](https://www.freepressjournal.in/business/jsw-cement-gets-81-crore-gst-notice-company-prepares-reply-against-tax-claims)
- 2026-08-17 — MONEYCONTROL: **Accumulate JSW Cement; target of Rs 139: Prabhudas Lilladher** — Prabhudas Lilladher, Accumulate, JSW Cement, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/accumulate-jsw-cement-target-of-rs-139-prabhudas-lilladher-14007643.html)
- 2026-08-17 — Economic Times: **Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 23%** — There are currently too many variables that can move the markets in either direction. Oil prices may have settled into a range for now, but there is still no clarity on how the Gulf situation will develop. If uncertainty continues, oil prices may remain elevated. In such a scenario, it is probably best to be cautious; but be nimble enough to respond as things change. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars:... — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stock-picks-of-the-week-5-stocks-with-consistent-score-improvement-and-upside-potential-of-up-to-23/articleshow/133290598.cms)
- 2026-08-17 — Mint: **Cement makers face a forgettable H1FY27 as prices weaken and costs rise** — Cement companies enjoyed higher realizations in Q1FY27, but rising fuel and raw material costs squeezed margins, while new capacity could keep pricing under pressure. — [Source](https://www.livemint.com/market/mark-to-market/cement-weak-prices-cost-inflation-means-a-forgettable-first-half-of-fy27-ultratech-shree-ambuja-11786847193200.html)
- 2026-08-14 — CNBC-TV18: **Ramco Cements, Dalmia Bharat to gain from mining law change: HDFC Securities** — Rajesh Ravi, Senior VP-Institutional Research at HDFC Securities, remains bearish on The Ramco Cements due to weak pricing in South India, slower capex and balance-sheet concerns. He prefers UltraTech Cement and JK Cement, while seeing upside potential in Ambuja Cements if capex execution improves and margins recover. — [Source](https://www.cnbctv18.com/market/stocks/ramco-dalmia-ultratech-jk-cement-ambuja-mmrd-relief-hdfc-securities-19969377.htm)
- 2026-08-14 — Times of India: **Stock Market Today Live: Sensex, Nifty set for fresh session after mixed close - The Times of India** — Stock Market Today Live: Indian shares are set for a muted start on Friday as investors balanced geopolitical risks in the Middle East against easing — [Source](https://timesofindia.indiatimes.com/business/india-business/sensex-stock-market-today-14-august-2026-live-updates-nse-bse-gift-nifty-50-top-gainers-losers-mcx-stocks-in-focus-market-news/liveblog/133227175.cms)
- 2026-08-13 — CNBC-TV18: **Q1 Results Highlights: Brigade Enterprises profit rises 33.7%; JSW Cement swings to profit** — Q1 Results Highlights: Tata Motors PV, Page Industries, JSW Cement, Aditya Birla Real Estate, Avanti Feeds, Dreamfolks, Godrej Industries, IGL, Indigo Paints, IPCA Labs, Jubilant Foodworks, LG Electronics India, Max Financial Services, Olectra Industries, VST Tillers, Welspun Living and Solar Industries were among the companies that reported their first-quarter earnings today. Earnings reactions also came in from Tata Motors CV, Lenskart, Apollo Hospitals and many other stocks. The blog tracked all the LIVE Q1 result updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-today-tata-motors-page-industries-abrel-jsw-cement-lenskart-petronet-astral-igl-ipca-share-price-liveblog-19968129.htm)
- 2026-08-13 — CNBC-TV18: **JSW Cement swings to Q1 profit of ₹161 crore as revenue rises 22%** — The cement maker returned to profit after a year-earlier quarter was hit by a ₹1,466 crore exceptional charge, though operating profit and margins declined. — [Source](https://www.cnbctv18.com/market/jsw-cement-swings-to-q1-profit-of-rs161-crore-as-revenue-rises-22-19968995.htm)
- 2026-07-27 — The Hindu: **Shiva Cement gets nod to operate limestone, dolomite mines in Odisha** — Shiva Cement, a subsidiary of JSW Cement, has received a modified environmental clearance and consent to operate for its Khatkurbahal (North) Block limestone and dolomite mines at Sundargarh in Odisha. — [Source](https://www.thehindubusinessline.com/companies/shiva-cement-gets-nod-to-operate-limestone-dolomite-mines-in-odisha/article71272969.ece)
- 2026-07-15 — CNBC-TV18: **Which cement stocks to bet on ahead of earnings?** — India's cement demand is expected to remain strong in the June quarter, but rising fuel and operating costs are likely to offset higher prices, limiting profit growth for many companies, according to Jefferies. — [Source](https://www.cnbctv18.com/market/earnings/which-cement-stocks-to-bet-on-ahead-of-earnings-19946202.htm)

## Business profile

**Strategic vision:** Indian cement manufacturer and part of a diversified conglomerate.

### Business segments
- **Cement Manufacturing:** Manufactures and supplies blended cements like PSC, PCC, and PPC, as well as GGBS, OPC, and clinker.
- **Allied Construction Products:** Provides a range of allied cementitious products including ready mix concrete (RMC), screened slag, construction chemicals, and waterproofing compounds.

### Competitive strengths
- Benefits from operational synergies within the JSW Group.
- Recognized among the fastest-growing cement companies in India.
- Largest manufacturer of GGBS in India.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/jswcement
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