JK Cement Ltd manufactures and sells cement and cement-related products in India and 42 other countries. The company manufactures grey cement, white cement, and allied products. Its first grey cement factory was established in Nimbahera, Rajasthan, in May 1975. The company has 12 RMC plants across India.
In 2022, JK Cement Ltd earned Rs 7,991 crore in revenue, making a profit of Rs 687 crore. The company’s revenue in 2022 witnessed a 21% hike compared to 2021, while the profit made by the company in 2021 was higher by 3.34%.
JK Cement Ltd is listed on the Bombay Stock Exchange with the code 532644 and on the National Stock Exchange with the ticker JKCEMENT. On November 24, 2022, JK Cement Ltd’s market capitalisation was Rs 22,788 crore.
JK Cement Ltd is one of the largest manufacturers of grey cement in India and one of the world’s largest manufacturers of white cement. The company has an installed grey cement capacity of 20 MnTPA. It has a white cement capacity of 1.20 MnTPA, making it one of the global leaders in white cement manufacturing. JK White Cement is sold across 43 countries. The company has a formidable international presence with two subsidiaries.
As of November 24, 2022, 45.84% of the company’s shares are held by the promoters, mutual funds have a 19.99% stake, retail shareholders have a 14.64% stake, foreign institutional investors own 16.06% of the shares, and financial institutions own only 1.1% of the company’s shares.
A 13-member board of directors helms the company. The members of the board of directors are Sushila Devi Singhania, Raghavpat Singhania, Madhavkrishna Singhania, A.K. Saraogi, Nidhipati Singhania, Paul Hugentobler, Sudhir Jalan, Ashok Sinha, Deepa Gopalan Wadhwa, Mudit Aggarwal, K. B. Agarwal, Saurabh Chandra, Satish Kumar Kalra, and Ajay Narayan Jha.
On November 24, 2022, JK Cement Ltd share price closed at Rs 2,953.05, up 0.13% from the open price of Rs 2,942.95. The company’s share prices have risen 156% in the past three years and dropped by 14.40% in the past 12 months. Nevertheless, the stock had a good one month with a growth of 10.06%. On November 24, 2022, the share’s 52-week high was Rs 3,659.25, and the 52-week low was Rs 2,003.70.
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