NSE: JSWCEMENT | BSE: 544480

Mid-range Performer

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125.21 -0.81 (-0.64%)

253.3K NSE+BSE Volume

NSE 01 Sep, 2026 12:26 PM (IST)

17,070.7

Market Cap

Above industry Median

Beta 1Year

Average volatility

JSW Cement Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for JSWCEMENT, BSE:544480 JSW Cement Ltd.

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JSW Cement Ltd.

14 Aug 2026

125.21

-0.64%

JSW Cement (BUY): Growth, cost concerns in short term, intact structurally; BUYVolume momentum led by North ramp up drive cement volumes ~27% YoY (excl. North ~8% YoY); GGBS subdued at ~3% YoYView Report

Buy: JSW Cement Ltd.

Target

BOB Capital Markets Ltd.

Volume momentum led by North ramp up drive cement volumes ~27% YoY (excl. North ~8% YoY); GGBS subdued at ~3% YoY

JSW Cement Ltd. is trading below its 30 day SMA of 130.5

JSW Cement Ltd.

14 Aug 2026

125.21

-0.64%

EBITDA miss; demand outlook constructive

Neutral: JSW Cement Ltd.

Target

Motilal Oswal

JSW Cement’s (JSWC) 1QFY27 revenue grew 22% YoY to INR19.0b. However, EBITDA declined ~7% YoY to INR3.0b (6% miss, led by higher-than-estimated opex/t).

Number of FII/FPI investors increased from 80 to 94 in Jun 2026 qtr.

JSW Cement Ltd.

04 Jun 2026

125.21

-0.64%

Strong North India capacity ramp-up

Neutral: JSW Cement Ltd.

Target

Motilal Oswal

We interacted with the management of JSW Cement (JSWC) to understand the current demand trend, progress on the company’s expansion plans and recently commissioned capacities, Ground Granulated Blast Furnace Slag (GGBS business) growth and future opportunities, prevailing cost trends, and key cost reduction measures.

Number of FII/FPI investors increased from 80 to 94 in Jun 2026 qtr.

JSW Cement Ltd.

22 May 2026

125.21

-0.64%

JSW Cement (BUY): No major surprises; growth path intact; maintain BUY

Buy: JSW Cement Ltd.

Target

BOB Capital Markets Ltd.

JSWCEMEN delivered a strong Q4 with 11% YoY revenue growth, on the back of 7% volume growth and improving realisations

JSW Cement Ltd. is trading below its 30 day SMA of 130.5

JSW Cement Ltd.

22 May 2026

125.21

-0.64%

JSW Cement (JSWCEMEN IN) Q4FY26 Result Update Strong Q4; execution & growth remain on track ACCUMULATE

Accumulate: JSW Cement Ltd.

Recommendation

Prabhudas Lilladhar

JSW Cement (JSWCEMEN) delivered a strong operating performance in Q4FY26, aided by higher cement NSR and healthy cement volume growth. Total sales volumes grew 5.8% YoY, driven by strong cement volume growth of 12% YoY, while GGBS volumes were impacted due to temporary slag availability issues at the Dolvi unit. Cement NSR improved 4.8% QoQ, mainly led by price hikes in East and West along with higher trade share. On the cost front, lower power & fuel costs, reduction in certain raw material costs and operating leverage benefits were partially offset by higher logistics costs due to increased lead distance (slag) and incremental expenses related to North...

Promoters unpledged 0.02% of shares in last quarter. Total pledge stands at 0.08% of promoter holdings

JSW Cement Ltd.

06 Apr 2026

125.21

-0.64%

[Initiation] JSW Cement (BUY): A well-diversified play in the promising GGBS segment

Buy: JSW Cement Ltd.

BOB Capital Markets Ltd.

Growth trajectory very robust with volume growth at ~17% CAGR over FY15-FY25; momentum to grow only stronger with capacity addition

JSW Cement Ltd. has an average target of 146.00 from 3 brokers.

JSW Cement Ltd.

05 Feb 2026

125.21

-0.64%

Strong volume growth; operating performance improves

Neutral: JSW Cement Ltd.

Target

Motilal Oswal

JSW Cement’s (JSWC) 3QFY26 performance was above our estimates, driven by higher-than-estimated volume/realization and lower-than-estimated opex/t. EBITDA increased ~33% YoY to INR2.9b (~16% beat).

JSW Cement Ltd. is trading below its 30 day SMA of 130.5

JSW Cement Ltd.

05 Feb 2026

125.21

-0.64%

JSW Cement (JSWCEMEN IN) Q3FY26 Result Update Robust performance driven by GGBS BUY

Buy: JSW Cement Ltd.

Prabhudas Lilladhar

Capex for FY26/27/28 expected to be Rs23bn/20bn/20bn respectively. Q3FY26, aided by robust 17% YoY GGBS volume growth and 7% in cement. trade prices. P&F costs declined on increase in RE share and operational efficiencies, other expenses declined sharply led by strong operating leverage and lower branding spend while RM costs were elevated due to higher OPC mix,...

JSW Cement Ltd. is trading above its 200 day SMA of 124.4

JSW Cement Ltd.

10 Nov 2025

125.21

-0.64%

Strong volume growth; operating performance improves

Neutral: JSW Cement Ltd.

Target

Motilal Oswal

JSW Cement’s (JSWC) 2QFY26 EBITDA was above our estimates, driven by higher volume and lower opex/t vs. our estimates.

JSW Cement Ltd. has an average target of 146.00 from 3 brokers.

JSW Cement Ltd.

03 Sep 2025

125.21

-0.64%

Strong volume growth; operating performance improves

Neutral: JSW Cement Ltd.

Motilal Oswal

JSW Cement’s (JSWC) 1QFY26 revenue/EBITDA increased ~8%/39% YoY to INR15.6b/INR3.2b. EBITDA/t surged ~29% YoY/45% QoQ to INR975. OPM was up 4.6pp YoY at ~21%.

Promoters unpledged 0.02% of shares in last quarter. Total pledge stands at 0.08% of promoter holdings