JK Cement Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- June 23, 2026
- Posted by: Ankit Jaiswal
- Category: News
JK Cement Rs 4,981.50 (5 Oct 2026 close). 52-week range Rs 4,671.50 to Rs 6,764.50. Q1 FY27 PAT Rs 275 cr, down 15%.
Quick Answer
The JK Cement share price target for 2026 is Rs 4,620 to Rs 5,280, which is between 7 percent below and 6 percent above the last close of Rs 4,981.50, with bull and bear cases of Rs 6,200 to Rs 6,800 and Rs 2,860 to Rs 3,250. JK Cement reported Q1 FY27 consolidated revenue up 20 percent to Rs 4,032 crore, but EBITDA fell 5.8 percent to Rs 648 crore and profit fell 15 percent to Rs 275 crore, as EBITDA per tonne dropped 20 percent to Rs 982. Grey cement volume grew 18 percent and white cement grew 29 percent, but fuel and maintenance costs cut the margin to 16 percent, and the stock trades at 41 times earnings. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario.
The JK Cement share price target for 2026 is Rs 4,620 to Rs 5,280 in the Univest base case, with the stock at Rs 4,981.50 at the 5 October 2026 close. That is 26.4 percent below its 52-week high of Rs 6,764.50 and 6.6 percent above its 52-week low of Rs 4,671.50, and the stock moved down 24.8 percent over the past year. JK Cement is a top five Indian cement maker with 32.3 million tonnes of grey cement capacity and 3.1 million tonnes of white cement and wall putty capacity. Debt to equity is 0.88.
Three things changed since the last update: Q1 FY27 results on 18 July showed revenue up 20 percent but profit down 15 percent, the paints business reached EBITDA breakeven, and management guided to slower volume growth for the rest of FY27. This JK Cement stock analysis covers the JK Cement share price today, the JK Cement share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a JK Cement buy or sell view.
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What Is the JK Cement Share Price Target for 2026?
The 2026 target for JK Cement shares is Rs 4,620 to Rs 5,280 in the Univest base case, which is -7.3% to +6.0% against the last close. The bull case is Rs 6,200 to Rs 6,800 and the bear case is Rs 2,860 to Rs 3,250. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.
JK Cement Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | FY28E EPS | Target Multiple | Price Target (Rs) | Move vs Rs 4,981.50 |
|---|---|---|---|---|
| Bull Case | Rs 200 | 31x to 34x | 6,200 to 6,800 | +24.5% to +36.5% |
| Base Case | Rs 165 | 28x to 32x | 4,620 to 5,280 | -7.3% to +6.0% |
| Bear Case | Rs 130 | 22x to 25x | 2,860 to 3,250 | -42.6% to -34.8% |
FY28 EPS of Rs 165 in the base case compares with trailing EPS of Rs 121.44 and assumes EBITDA per tonne recovering toward Rs 1,200 on 10 percent volume growth. Cement stocks carry premium multiples for growth, and the stock trades at about 30 times the base estimate. The PE multiple used for each case is shown in the table, and the EPS estimate is a Univest assumption, not company guidance. Those assumptions set the JK Cement share price target range around the current price.
JK Cement Company Overview and Share Price Today as of 5 October 2026
JK Cement share price today is Rs 4,981.50 on the NSE at the 5 October 2026 close, before the market opened on 6 October. The market capitalisation is Rs 38,497 crore, and the stock trades at 41 times earnings against an industry average of 29.8 times. The Univest base case JK Cement share price target of Rs 4,620 to Rs 5,280 is -7.3% to +6.0% from here. The table below sets out the key numbers behind the JK Cement share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | JKCEMENT | BSE code 532644 |
| Sector | Cement | Per Univest sector classification |
| Last Close (NSE) | Rs 4,981.50 | 5 Oct 2026 close |
| 52-Week High | Rs 6,764.50 | CMP is 26.4% below |
| 52-Week Low | Rs 4,671.50 | CMP is 6.6% above |
| 1-Year Return | About -25% | Weekly close Rs 6621 on 10 Oct 2025 to Rs 4981.5 |
| Market Capitalisation | Rs 38,497 crore | Mid cap cement maker |
| Trailing P/E | About 41.0x | Industry P/E about 29.77x |
| P/B Ratio | About 5.47x | Book value Rs 910.76 per share |
| EPS (TTM) | Rs 121.44 | Trailing twelve months |
| Return on Equity | About 14.1% | Debt to equity 0.88 |
| Dividend Yield | About 0.4% | Dividend paid yearly |
| 12-Month Target (Base Case) | Rs 4,620 to Rs 5,280 | Univest base case |
| Bull Case | Rs 6,200 to Rs 6,800 | +24.5% to +36.5% |
| Bear Case | Rs 2,860 to Rs 3,250 | -42.6% to -34.8% |
Track live price, fundamentals and results for JK Cement on the Univest Screener.
How Did JK Cement Perform in Q1 FY27?
JK Cement reported Q1 FY27 consolidated revenue from operations of Rs 4,031.7 crore, up 20 percent, and profit after tax of Rs 274.6 crore, down 15.3 percent from Rs 324.3 crore. EBITDA fell 5.8 percent to Rs 647.7 crore at a margin of 16.07 percent against 20.51 percent. Together these Q1 FY27 numbers anchor the JK Cement share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Consolidated Revenue | Rs 4,031.7 crore | Up 20% YoY |
| Consolidated EBITDA | Rs 647.7 crore | Down 5.8%; margin 16.07% |
| Consolidated Profit After Tax | Rs 274.6 crore | Down 15.3%; EPS Rs 35.91 |
| Grey Cement Volume | 5.96 million tonnes | Up 18%; white cement up 29% |
| EBITDA per Tonne | Rs 982 | Down 20% from Rs 1,229 |
| Paints Revenue | About Rs 125 crore | EBITDA breakeven |
Costs rose about Rs 150 a tonne from the previous quarter, with fuel adding Rs 75 to Rs 100 and diesel about Rs 50. Management targets 22.5 to 23 million tonnes of grey volume for FY27 and paint revenue of Rs 500 to Rs 550 crore. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the JK Cement share price target.
Why Is JK Cement Share Price Down 25 Percent in a Year?
JK Cement shares are down about 25 percent in a year because costs rose faster than prices and profit per tonne fell 20 percent. The stock fell 9.3 percent in the week of 3 November 2025 after Q2 results, from Rs 6,214 to Rs 5,636, having peaked at Rs 6,764.50 in October.
It jumped 13 percent in the week of 15 June from the Rs 4,671.50 low, then drifted lower through August and September. The stock closed at Rs 4,981.50 and management’s note on slower volume growth added to the caution. The JK Cement share price target scenarios below account for that move.
Key Catalysts for the JK Cement Share Price Target in 2026
4 catalysts matter most for the JK Cement share price target, and sector tailwinds in Cement are part of the case. Together they decide whether the base case is reached.
1. Volume Growth
Grey volume grew 18 percent and white cement grew 29 percent on lower UAE imports. Capacity utilisation rose to 75 percent. If it plays out, the JK Cement share price target moves toward the top of the base range.
2. Cost Relief
Fuel and diesel costs added about Rs 150 a tonne. A fall in pet coke prices would lift EBITDA per tonne. Strength here would support the upper end of the JK Cement share price target.
3. Paints Business
Paint revenue of about Rs 125 crore reached EBITDA breakeven and the FY27 target is Rs 500 to Rs 550 crore. Margin of 5 to 7 percent is targeted for FY28. Delivery on this point keeps the JK Cement share price target on track.
4. Capacity Expansion
A 7 million tonne expansion in North India is under way toward a 50 million tonne goal. New capacity supports growth after FY27. Better news here would lift the JK Cement share price target toward the bull case.
What Are the Key Risks to the JK Cement Share Price Target?
The main risks are fuel costs, slower volume growth, price competition and a premium valuation. Each can pull the JK Cement share price target lower.
Fuel Costs
Pet coke and diesel prices pushed costs up Rs 150 a tonne. Another rise would cut margin further. If it materialises, the JK Cement share price target would slip toward the bear case.
Slower Volume Growth
The FY27 grey volume target implies only about 6 percent growth for the rest of the year. A miss would hit sentiment. This is the main downside risk to the JK Cement share price target.
Price Competition
Large rivals are adding capacity. Weak prices would hold EBITDA per tonne near Rs 1,000. A worsening here would cut the JK Cement share price target toward the low end of the range.
Premium Valuation
The stock trades at 41 times earnings and 5.5 times book value. A fall to 22 times FY28 EPS of Rs 130 would put the price near Rs 2,860. Watch it closely, because it can pull the JK Cement share price target lower quickly.
JK Cement Stock Analysis: Support and Resistance Levels for the Share Price Target
JK Cement stock analysis on weekly charts shows a range of Rs 4,810 to Rs 5,230 since mid-September, with the stock near the middle.
The first support level is Rs 4,904 to Rs 4,951, the lows of the weeks of 5 October and 28 September. Below that, Rs 4,676 to Rs 4,813 marks the September lows and Rs 4,671.50 is the 52-week low.
The first resistance level is Rs 5,015 to Rs 5,117, the highs of the weeks of 5 October and 28 September. Above that, Rs 5,229 is the high of the week of 21 September and Rs 5,400 to Rs 5,500 marks the July and August levels. These levels come from weekly price action, are not trade recommendations, and frame the near-term JK Cement share price target.
JK Cement Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term JK Cement Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 4,810 and Rs 5,230, from the late-September low to the high of the week of 21 September. A close above Rs 5,117 would put Rs 5,229 in play, while a weekly close under Rs 4,810 would put Rs 4,676 in play. The Q2 FY27 results are the main trigger. This range anchors the near-term JK Cement share price target.
12-Month and 2027 JK Cement Share Price Target
The 12-month target price is Rs 4,620 to Rs 5,280, valued on 28 to 32 times FY28 EPS of Rs 165. The range across scenarios runs from Rs 2,860 in the bear case to Rs 6,800 in the bull case.
Long-Term JK Cement Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 5,280 to Rs 7,420. This assumes EPS of Rs 220 in FY29 and Rs 265 in FY30 and a multiple of 24 to 28 times. It needs EBITDA per tonne to recover above Rs 1,200 and the north expansion to start on time. This is the long-term JK Cement share price target in the Univest scenarios.
Bull Case and Bear Case for JK Cement Share Price Target
Bull Case Rs 6,200 to Rs 6,800
The bull case of Rs 6,200 to Rs 6,800 for the JK Cement share price target needs EPS of Rs 200 and the market to pay 31 to 34 times for it. It is +24.5% to +36.5% from the last close.
Bear Case Rs 2,860 to Rs 3,250
The bear case of Rs 2,860 to Rs 3,250 for the JK Cement share price target equals 22 to 25 times FY28 EPS of Rs 130 and sits below the Rs 4671.5 low. It is -42.6% to -34.8% from the last close.
Is JK Cement a Good Buy at Rs 4,982? JK Cement Buy or Sell View
Whether JK Cement is a buy at Rs 4,981.50 depends on horizon and risk appetite. The base case sits between 7 percent below and 6 percent above the current price, the stock is 26 percent below its high, and the open question is cost relief. The JK Cement share price target range is the starting point for that decision.
Long-term holders may focus on EBITDA per tonne, volume growth and the paints business, and treat Rs 4,810 as the level to watch. Short-term traders may prefer to wait for a close above Rs 5,117. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this JK Cement buy or sell view is educational.
How to Invest in JK Cement Shares
Step 1: Check the live price, valuation and the latest JK Cement share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any JK Cement share price target.
Step 3: Search for JKCEMENT on the NSE or 532644 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 2,860 is bearable.
Step 5: Track EBITDA per tonne, fuel costs and Q2 FY27 results and set price alerts on the Univest App to follow any change in the JK Cement share price target.
Conclusion
JK Cement closed at Rs 4,981.50 against a Univest base case share price target of Rs 4,620 to Rs 5,280, a bull case of Rs 6,200 to Rs 6,800 and a bear case of Rs 2,860 to Rs 3,250. Q1 FY27 delivered revenue growth of 20 percent but profit down 15 percent, with EBITDA per tonne at Rs 982. The main risks are fuel costs, slower volume growth and valuation.
The stock is 26.4 percent below its 52-week high, so the base case sits between 7 percent below and 6 percent above the current price. The triggers to watch are EBITDA per tonne, fuel costs and Q2 FY27 results and the Rs 4,904 and Rs 5,117 levels. Re-check the JK Cement share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track JK Cement live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on JK Cement Share Price Target 2026
What is the JK Cement share price target for 2026?
Ans. The JK Cement share price target for 2026 is Rs 4,620 to Rs 5,280 in the Univest base case, with a bull case of Rs 6,200 to Rs 6,800 and a bear case of Rs 2,860 to Rs 3,250. No brokerage target was available on the sources we track as of 5 October 2026, so these are Univest research scenarios. These are estimates and can change after the Q2 FY27 results.
What is the JK Cement share price target for 2027?
Ans. The JK Cement share price target for 2027 is Rs 4,620 to Rs 5,280 in the base case, valued on 28 to 32 times FY28 EPS of Rs 165. The scenario range runs from Rs 2,860 to Rs 6,800.
Is JK Cement a good buy at Rs 4,981.50?
Ans. Whether JK Cement is a good buy at Rs 4,981.50 depends on your horizon, risk appetite and how you read the JK Cement share price target. Volume and revenue are growing fast, but profit is falling and the stock trades at about 41 times earnings against an industry average near 30 times. Consult a SEBI-registered advisor before investing.
What are the key risks to the JK Cement share price target?
Ans. The key risks to the JK Cement share price target are fuel costs, slower volume growth, price competition and premium valuation. Pet coke and diesel prices pushed costs up Rs 150 a tonne. Another rise would cut margin further.
What are the key catalysts for the JK Cement share price target?
Ans. The key catalysts for the JK Cement share price target are volume growth, cost relief, paints business and capacity expansion. Grey volume grew 18 percent and white cement grew 29 percent on lower UAE imports. Capacity utilisation rose to 75 percent.
Where can I track JK Cement share price today and JK Cement share price target updates?
Ans. You can track the live JK Cement share price, results and any change to the JK Cement share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are JK Cement’s 52-week high and low?
Ans. JK Cement’s 52-week high is Rs 6,764.50 and its 52-week low is Rs 4,671.50, based on weekly NSE data. At Rs 4,981.50 the stock is 26.4 percent below the high and 6.6 percent above the low. Both levels frame the JK Cement share price target.
How to buy JK Cement shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for JKCEMENT on the NSE or 532644 on the BSE, and place a limit order near your entry price, using the JK Cement share price target range as a guide. Size the position so a fall to Rs 2,860 is bearable, and check the live price on the Univest Screener first.
