Top Mid-Size Cement Stocks Compared: JK Lakshmi Cement vs Star Cement vs Orient Cement vs Heidelberg Cement India vs Nuvoco Vistas on Price, Valuation, Q2 FY27 Results and Risks
- November 13, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Previous close: JK Lakshmi Cement Rs 495.80, Star Cement Rs 175.21, Orient Cement Rs 126.82, Heidelberg Cement India Rs 121.01, Nuvoco Vistas Rs 346.25.
Quick Answer
This mid-size cement stocks compared snapshot checks five names on price, valuation and Q2 FY27 results: JK Lakshmi Cement, Star Cement, Orient Cement, Heidelberg Cement India and Nuvoco Vistas. Nuvoco Vistas is the largest by market capitalisation at Rs 12,359 crore. Star Cement reports the highest return on equity at 10.22%. Regional cement makers earn on freight and fuel costs, so read each multiple next to where costs stand.
Mid-size cement stocks compared here means JK Lakshmi Cement, Star Cement, Orient Cement, Heidelberg Cement India and Nuvoco Vistas on one page, checked on previous close, market value, valuation and the latest quarterly numbers. The group mixes a north and west India cement maker, a north east cement maker, a central and southern India producer, a central India producer and an eastern and northern India producer, so each name earns from a different regional market, which is exactly why a side-by-side look helps.
JK Lakshmi Cement, Star Cement and Nuvoco Vistas have filed their September 2026 quarter, so their results below are Q2 FY27. Orient Cement and Heidelberg Cement India are tracked on price and valuation. Cement names follow regional demand, fuel and freight costs and pricing, so a glance at the Nifty 500 page and the Sensex page before you read the tables gives useful backdrop.
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Mid-Size Cement Stocks Compared: Five Regional Producers
The mid-size cement stocks compared here are JK Lakshmi Cement, Star Cement, Orient Cement, Heidelberg Cement India and Nuvoco Vistas. Nuvoco Vistas is the largest by market capitalisation at Rs 12,359 crore. Previous closes run from Rs 121.01 for Heidelberg Cement India to Rs 495.80 for JK Lakshmi Cement, which is why a side-by-side look at value rather than price is more useful. This mid-size cement stocks compared list is the base for every table that follows.
| Stock | Previous close (Rs) | Market cap (Rs crore) |
|---|---|---|
| JK Lakshmi Cement | 495.80 | 6,148 |
| Star Cement | 175.21 | 7,140 |
| Orient Cement | 126.82 | 2,601 |
| Heidelberg Cement India | 121.01 | 2,740 |
| Nuvoco Vistas | 346.25 | 12,359 |
A quick look at the business behind each ticker puts the numbers in context. JK Lakshmi Cement makes cement for housing and infrastructure in north and west India, while Star Cement makes cement for the north east and eastern regions. Orient Cement makes cement for central and southern India, and Heidelberg Cement India makes cement and ready mix products for central India. To compare mid-size cement stocks properly, line up price to earnings, return on equity and dividend yield before forming a view.
Rounding out the group, Nuvoco Vistas makes cement and ready mix concrete across eastern and northern India. A fair mid-size cement stock comparison looks at what each company actually earns from, not only at the share price. North and west producers, north east producers and central and eastern producers belong in separate mental boxes whenever you compare mid-size cement stocks fairly.
Mid-Size Cement Stocks Valuation: Multiples, Returns and Payouts
Orient Cement trades at the lowest price to earnings ratio in this group at 13.53. Star Cement reports the highest return on equity at 10.22%. Orient Cement has the lowest price to book value at 1.16. These mid-size cement stocks valuation readings come from the previous close and the latest reported financials. That is the idea behind this mid-size cement stocks compared table: price to earnings and return on equity sit side by side so a high or low reading stands out at once.
| Stock | Price to earnings | Price to book | ROE (%) | Dividend yield (%) | Debt to equity |
|---|---|---|---|---|---|
| JK Lakshmi Cement | 19.79 | 1.56 | 7.83 | 1.31 | 0.69 |
| Star Cement | 21.33 | 2.16 | 10.22 | 1.13 | 0.22 |
| Orient Cement | 13.53 | 1.16 | 8.55 | 0.40 | 0.03 |
| Heidelberg Cement India | 25.35 | 2.17 | 8.58 | 5.79 | 0.01 |
| Nuvoco Vistas | 29.81 | 1.29 | 4.34 | 0.58 |
Cement makers are valued on price to earnings and price to book, while dividend yield shows how much each pays back. The industry multiple helps you judge whether the market prices a producer for faster growth or steadier earnings. Earnings per share and book value per share are the building blocks behind price to earnings and price to book, so a glance at both in each filing is time well spent. A simple mid-size cement stock comparison like this one is only as useful as the context behind it, which is why dividend yield is worth checking as well.
In this group, price to earnings runs from 13.53 for Orient Cement to 29.81 for Nuvoco Vistas. Heidelberg Cement India offers the highest dividend yield at 5.79%. Industry price to earnings readings differ by sub-sector: JK Lakshmi Cement, Star Cement and Nuvoco Vistas at 37.44; Orient Cement and Heidelberg Cement India at 44.67. The industry price to earnings is a handy anchor: a stock above it is priced for faster growth, and one below it is priced for steadier earnings. A well-built mid-size cement stock comparison also notes that fuel costs, freight and regional pricing can move results between quarters. Run the same mid-size cement stock comparison on your own watchlist and the pattern in these numbers will be easier to spot.
Mid-Size Cement Stocks Q2 FY27 Results: Revenue and Profit Check
Three of the five mid-size cement stocks compared have filed Q2 FY27 numbers. Nuvoco Vistas posted the fastest revenue growth at 13.5% year on year. Nuvoco Vistas showed the sharpest rise in net profit at 77.8%. Read revenue first and quarterly profit second, since the two together show how much of the growth reaches shareholders. The others are shown on their latest reported quarter, so read each one for what it is. Treat the Q2 FY27 numbers in this mid-size cement stocks compared review as a snapshot of one quarter, not a verdict on any cement producer.
| Stock | Q2 FY27 revenue (Rs crore) | Q2 FY26 revenue (Rs crore) | Q2 FY27 net profit (Rs crore) | Q2 FY26 net profit (Rs crore) |
|---|---|---|---|---|
| JK Lakshmi Cement | 1,627 | 1,554 | ||
| Star Cement | 841.8 | 814.4 | ||
| Nuvoco Vistas | 2,793 | 2,461 | 64.8 | 36.4 |
JK Lakshmi Cement Results Snapshot
JK Lakshmi Cement reported Q2 FY27 revenue of Rs 1,627 crore, compared with Rs 1,554 crore a year earlier, a rise of 4.7%.
Star Cement Results Snapshot
In the September 2026 quarter, Star Cement booked revenue of Rs 841.8 crore against Rs 814.4 crore in the same quarter last year, a rise of 3.4%.
Orient Cement Results Snapshot
Orient Cement is tracked here on price and valuation. Its quarterly filing on the exchange website carries the revenue and profit detail, so read it before you set the stock against the rest.
Heidelberg Cement India Results Snapshot
Heidelberg Cement India is tracked here on price and valuation. Its quarterly filing on the exchange website carries the revenue and profit detail, so read it before you set the stock against the rest.
Nuvoco Vistas Results Snapshot
In the September 2026 quarter, Nuvoco Vistas booked revenue of Rs 2,793 crore against Rs 2,461 crore in the same quarter last year, a rise of 13.5%. Net profit rose 77.8% to Rs 64.8 crore from Rs 36.4 crore. Net profit margin improved to 2.3% from 1.5%. Earnings per share for the quarter rose to Rs 1.81 from Rs 1.02.
Cement results depend on volumes, realisations, fuel and freight costs and capacity use, so profit can look different from revenue in a single quarter. That is why a mid-size cement stock comparison works best when revenue and profit are read together across two or three quarters. Used this way, a mid-size cement stocks compared review becomes a map of the sector rather than a price list. When you compare mid-size cement stocks after each result season, track how dividend yield changes from one quarter to the next. A mid-size cement stock comparison built on one quarter of data is a starting point, and the next set of results will update it.
Mid-Size Cement Stocks Compared Two at a Time: Three Pairings
Readers rarely want a five-way table and nothing else, so here are three head-to-head reads drawn from the same data. Use them as a quick way to compare mid-size cement stocks two at a time.
JK Lakshmi Cement vs Star Cement
JK Lakshmi Cement serves north and west India, while Star Cement serves the north east and eastern regions. The two are close in size, with market capitalisations of Rs 6,148 crore for JK Lakshmi Cement and Rs 7,140 crore for Star Cement. On price to earnings, JK Lakshmi Cement carries the lower multiple at 19.79 against 21.33 for Star Cement. Star Cement reports the higher return on equity, at 10.22% against 7.83% for JK Lakshmi Cement. Both are regional leaders, so read growth next to valuation before you judge either multiple.
Orient Cement vs Heidelberg Cement India
Orient Cement and Heidelberg Cement India both serve central and southern markets. On price to earnings, Orient Cement carries the lower multiple at 13.53 against 25.35 for Heidelberg Cement India. Heidelberg Cement India reports the higher return on equity, at 8.58% against 8.55% for Orient Cement. For dividend income, Heidelberg Cement India offers 5.79% against 0.40% at Orient Cement. Neighbouring regions share demand, so read margins and returns together.
Nuvoco Vistas vs JK Lakshmi Cement
Nuvoco Vistas makes cement and ready mix concrete across eastern and northern India, while JK Lakshmi Cement focuses on cement. Nuvoco Vistas is about 2.0 times the size of JK Lakshmi Cement by market capitalisation, at Rs 12,359 crore against Rs 6,148 crore. JK Lakshmi Cement reports the higher return on equity, at 7.83% against 4.34% for Nuvoco Vistas. In Q2 FY27, Nuvoco Vistas grew revenue faster, at 13.5% year on year against 4.7% for JK Lakshmi Cement. A cement and concrete maker and a pure cement maker are priced differently, so read the business mix before you read the ratio.
Best Mid-Size Cement Stocks for Each Type of Investor
Which of the best mid-size cement stocks is right for you depends on your priorities, so the table below lists the leader on each measure instead of crowning one name. Any mid-size cement stocks compared table can mislead if you stop at one row, because each cement producer leads on a different measure.
| If you care most about | Start your research with | The number |
|---|---|---|
| Lowest price to earnings | Orient Cement | 13.53 |
| Highest return on equity | Star Cement | 10.22% |
| Highest dividend yield | Heidelberg Cement India | 5.79% |
| Lowest price to book value | Orient Cement | 1.16 |
| Largest by market capitalisation | Nuvoco Vistas | Rs 12,359 crore |
| Fastest Q2 FY27 revenue growth | Nuvoco Vistas | 13.5% |
| Sharpest Q2 FY27 net profit rise | Nuvoco Vistas | 77.8% |
No single name tops every row, which is exactly why a mid-size cement stock comparison helps. Region, costs, returns and valuation each point to a different producer, so decide what matters most to you before you rank the numbers.
What Is Driving Cement Demand Across Regions Right Now?
Housing, roads and public projects keep cement demand growing across regions. Regional leaders with plants close to their markets can save on freight and defend margins. Knowing what moves fuel costs and construction demand helps you compare mid-size cement stocks with the right questions in mind.
Capacity additions, fuel and freight costs and regional pricing decide earnings. Firms with expansion plans can add volume as demand improves. A good mid-size cement stocks compared routine therefore tracks volumes, realisations and costs.
Risks to Weigh When You Compare Mid-Size Cement Stocks
Mid-size cement stocks depend on regional demand, fuel and freight costs, capacity additions and pricing. Earnings can swing between quarters, so read each filing for volume, realisation and cost commentary before you compare them. Every mid-size cement stock comparison has blind spots, and for this group the biggest is fuel costs and construction demand.
Because volumes, realisations and costs drive these businesses, the most useful habit is to read the management commentary that comes with every result and note what is expected for the next quarter. Read together, the risk notes and the tables make this mid-size cement stocks compared guide a balanced starting point.
How to Compare Mid-Size Cement Stocks and Build a Shortlist
Start by deciding which region and product mix you prefer, because each responds to different triggers. Regional leaders reward readers who track local demand, while cement and ready mix makers reward those who track construction activity. Done step by step, this mid-size cement stocks compared routine becomes repeatable rather than a one-off exercise.
Then check valuation and returns, because fuel and freight costs can shift margins between quarters. Spreading your attention across one northern or western producer and one eastern or central producer is a simple way to see both sides of the sector. Keep the shortlist of best mid-size cement stocks short enough that you can actually follow each company’s quarterly results. When you compare mid-size cement stocks again after new results, update only the rows that changed instead of starting over.
The Univest stock screener lets you filter mid-size cement stocks by market capitalisation, return on equity and price to earnings, and the app keeps live prices a tap away through the trading day. Come back to this mid-size cement stocks compared page after the next set of results to see which numbers have moved.
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Conclusion: Mid-Size Cement Stocks Compared at a Glance
This mid-size cement stocks compared review on price, valuation and Q2 FY27 results shows that no single name wins every measure. Nuvoco Vistas leads on size and Star Cement leads on return on equity, while the others bring their own strengths. Treat the mid-size cement stocks Q2 FY27 results and mid-size cement stocks valuation tables as a research starting point, then check the filings and speak to a SEBI-registered advisor before you invest. If you plan to compare mid-size cement stocks again next quarter, the same checklist of price to earnings, return on equity and dividend yield will work.
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).
Frequently Asked Questions on Mid-Size Cement Stocks Compared
Which are the top mid-size cement stocks compared in this article?
Ans. The mid-size cement stocks compared in this article are JK Lakshmi Cement, Star Cement, Orient Cement, Heidelberg Cement India and Nuvoco Vistas. They are checked on previous close, market capitalisation, price to earnings, price to book, return on equity and the latest quarterly results, so the group can be read in one sitting before you go deeper into any single company.
Which mid-size cement stock has the highest market capitalisation?
Ans. Among the five names, Nuvoco Vistas has the highest market capitalisation at Rs 12,359 crore. Star Cement follows at Rs 7,140 crore. Market value changes with every price move, which means the ranking can shuffle, so look at the latest figure on the exchange.
Which of these mid-size cement stocks has the lowest price to earnings ratio?
Ans. On mid-size cement stocks valuation, Orient Cement has the lowest price to earnings ratio among these mid-size cement stocks at 13.53, based on the latest reported earnings. Nuvoco Vistas sits at the other end at 29.81. Treat the lowest multiple as a place to start asking questions, because growth and business quality explain why investors pay more or less.
Which mid-size cement stock has the highest return on equity?
Ans. Star Cement reports the highest return on equity in this group at 10.22%. In plain terms, return on equity tells you how hard shareholder funds are working. Read it across a few years and alongside debt, since a high ratio built on borrowing carries more risk.
How did mid-size cement stocks perform in Q2 FY27 results?
Ans. Three of the five names have filed Q2 FY27 numbers in our data. Nuvoco Vistas recorded the fastest revenue growth at 13.5% year on year. Nuvoco Vistas showed the sharpest net profit rise at 77.8%. For mid-size cement stocks Q2 FY27 results, the others are covered on their latest reported quarter, and each filing on the exchange website carries the full detail.
What are the main risks when you compare mid-size cement stocks?
Ans. Mid-size cement stocks depend on regional demand, fuel and freight costs, capacity additions and pricing. Earnings can swing between quarters, so read each filing for volume, realisation and cost commentary before you compare them. Keep an eye on volumes, realisations and costs.
Which metrics matter most when you compare mid-size cement stocks?
Ans. Volume growth, realisations, operating margin and debt matter most for operating performance. Price to earnings and price to book show how the market values each producer. Read each company’s filing for these along with the numbers in this article.
Which is the best mid-size cement stock to buy among these five?
Ans. The best mid-size cement stock depends on whether you value a regional leader, a north east producer or a cement and concrete maker, because the five names differ on all of these. On the numbers in this article, Nuvoco Vistas has the largest market capitalisation; Orient Cement has the lowest price to earnings; Star Cement has the highest return on equity; Heidelberg Cement India has the highest dividend yield. There is no clear winner across every measure, and nothing here is a recommendation. Let the tables narrow your list, confirm the numbers in the filings, and take advice from a SEBI-registered advisor before acting.
