{"id":288319,"date":"2026-10-06T09:44:02","date_gmt":"2026-10-06T04:14:02","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=288319"},"modified":"2026-10-06T09:44:02","modified_gmt":"2026-10-06T04:14:02","slug":"cement-stocks-strong-roadmap","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/","title":{"rendered":"3 Cement Stocks With a Strong Future Roadmap: UltraTech Cement, Shree Cement and JK Cement"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>UltraTech Rs 10,850.00, P\/E 37.40. Shree Cement Rs 21,990.00, P\/E 48.20. JK Cement Rs 4,981.50, P\/E 41.03. Closing prices of 5 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Cement stocks with the clearest long-term roadmaps today include UltraTech Cement in grey and white cement at national scale, Shree Cement in cement with captive power and logistics and JK Cement in grey and white cement and wall putty. FY26 revenue growth was 16.2% at UltraTech, 8.7% at Shree Cement and 15.5% at JK Cement. P\/E stands at 37.40 for UltraTech (industry 29.77), 48.20 for Shree Cement (industry 29.77) and 41.03 for JK Cement (industry 29.77). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Cement stocks give investors exposure to housing and infrastructure spending, the two biggest users of cement. Prices, power and fuel costs and regional demand decide margins, which is why cost per tonne matters as much as volume.<\/p>\n<p>This list covers three cement sector stocks: UltraTech Cement for grey and white cement at national scale, Shree Cement for cement with captive power and logistics and JK Cement for grey and white cement and wall putty. Every figure comes from the latest reported financials and the 5 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=cement-stocks-strong-roadmap\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#What_Are_Cement_Stocks\" title=\"What Are Cement Stocks?\">What Are Cement Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#Cement_Stocks_at_a_Glance\" title=\"Cement Stocks at a Glance\">Cement Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#Why_Do_Cement_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Cement Stocks Have a Strong Roadmap in India?\">Why Do Cement Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#UltraTech_Cement_Capacity_Expansion_and_Scale_Anchor_the_Roadmap\" title=\"UltraTech Cement: Capacity Expansion and Scale Anchor the Roadmap\">UltraTech Cement: Capacity Expansion and Scale Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#Shree_Cement_Regional_Capacity_and_Low-Cost_Power_Drive_the_Pipeline\" title=\"Shree Cement: Regional Capacity and Low-Cost Power Drive the Pipeline\">Shree Cement: Regional Capacity and Low-Cost Power Drive the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#JK_Cement_Grey_Cement_Expansion_and_White_Cement_Build_the_Next_Leg\" title=\"JK Cement: Grey Cement Expansion and White Cement Build the Next Leg\">JK Cement: Grey Cement Expansion and White Cement Build the Next Leg<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#Best_Cement_Stocks_in_India_UltraTech_vs_Shree_Cement_vs_JK_Cement_on_Key_Financials\" title=\"Best Cement Stocks in India: UltraTech vs Shree Cement vs JK Cement on Key Financials\">Best Cement Stocks in India: UltraTech vs Shree Cement vs JK Cement on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#How_to_Evaluate_Cement_Shares_to_Buy_Before_You_Invest\" title=\"How to Evaluate Cement Shares to Buy Before You Invest\">How to Evaluate Cement Shares to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#Risks_to_Consider_Before_Investing_in_Cement_Stocks\" title=\"Risks to Consider Before Investing in Cement Stocks\">Risks to Consider Before Investing in Cement Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#FAQs_on_Cement_Stocks\" title=\"FAQs on Cement Stocks\">FAQs on Cement Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#Which_are_the_best_cement_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best cement stocks in India with a strong roadmap?\">Which are the best cement stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#Is_UltraTech_Cement_a_good_stock_to_buy_now\" title=\"Is UltraTech Cement a good stock to buy now?\">Is UltraTech Cement a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#What_is_the_PE_ratio_of_UltraTech_Shree_Cement_and_JK_Cement\" title=\"What is the P\/E ratio of UltraTech, Shree Cement and JK Cement?\">What is the P\/E ratio of UltraTech, Shree Cement and JK Cement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#Which_of_these_cement_stocks_has_the_highest_return_on_equity\" title=\"Which of these cement stocks has the highest return on equity?\">Which of these cement stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#What_are_the_risks_of_investing_in_cement_stocks\" title=\"What are the risks of investing in cement stocks?\">What are the risks of investing in cement stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#How_did_UltraTech_Shree_Cement_and_JK_Cement_perform_in_Q1_FY27\" title=\"How did UltraTech, Shree Cement and JK Cement perform in Q1 FY27?\">How did UltraTech, Shree Cement and JK Cement perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#Do_cement_stocks_pay_dividends\" title=\"Do cement stocks pay dividends?\">Do cement stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/cement-stocks-strong-roadmap\/#How_can_I_invest_in_cement_stocks_in_India\" title=\"How can I invest in cement stocks in India?\">How can I invest in cement stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Cement_Stocks\"><\/span><strong>What Are Cement Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cement stocks are shares of companies that make and sell cement, along with ready-mix concrete and related building products. Their results depend on housing demand, infrastructure spending, the monsoon and power and fuel costs, so scale and cost discipline separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cement_Stocks_at_a_Glance\"><\/span><strong>Cement Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three cement stocks as of the 5 October 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/ultracemco\/ultratech-cement-ltd-share-price-today\">UltraTech Cement<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10,850.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,20,558<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">37.40<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29.77<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.66%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.31<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/shreecem\/shree-cement-ltd-share-price-today\">Shree Cement<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21,990.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">78,854<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">48.20<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29.77<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.49%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.08<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/jkcement\/jk-cement-ltd-share-price-today\">JK Cement<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,981.50<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">38,497<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">41.03<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29.77<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.10%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.88<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among cement sector stocks, all three trade at a premium to their industry P\/E multiples.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Cement_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Cement Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cement stocks have a strong roadmap in India because housing and infrastructure spending keep demand growing, and leading makers are adding clinker and grinding capacity to meet it. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Infrastructure spending:<\/strong> Roads, railways, ports and metro projects use large volumes of cement.<\/li>\n<li><strong>Housing demand:<\/strong> Urban housing and rural construction support steady volumes across the year.<\/li>\n<li><strong>Capacity expansion:<\/strong> New grinding capacity and clinker lines let companies serve more regions at lower freight cost.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"UltraTech_Cement_Capacity_Expansion_and_Scale_Anchor_the_Roadmap\"><\/span><strong>UltraTech Cement: Capacity Expansion and Scale Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>UltraTech&#8217;s roadmap rests on adding clinker and grinding capacity across regions, growing its ready-mix and building products businesses and using its scale to hold down cost per tonne.<\/p>\n<p>Revenue grew from Rs 53,106.64 crore in FY22 to Rs 89,089.04 crore in FY26, a 67.8% rise, and FY26 revenue was 16.2% higher than FY25. FY26 net profit rose 35.6% to Rs 8,188.35 crore. Over four years, net profit rose from Rs 7,174.34 crore in FY22 to Rs 8,188.35 crore. In Q1 FY27, revenue grew 15.5% to Rs 24,778.47 crore, and net profit rose 17.2% to Rs 2,603.72 crore. Operating margin was 19.71% in FY26 and 20.83% in Q1 FY27 against 21.38% a year earlier.<\/p>\n<p>Debt to equity is 0.31 and return on equity is 10.66%. FY26 operating cash flow was Rs 15,315.86 crore against capital expenditure of Rs 9,677.77 crore. UltraTech paid a dividend of Rs 240 per share for FY26, a yield of 2.21%. At a P\/E of 37.40 against an industry P\/E of 29.77, the stock trades above its industry multiple.<\/p>\n<p>What to watch: Cement demand follows construction activity and the monsoon. The P\/E of 37.40 sits above the industry P\/E of 29.77, so earnings delivery matters for the valuation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shree_Cement_Regional_Capacity_and_Low-Cost_Power_Drive_the_Pipeline\"><\/span><strong>Shree Cement: Regional Capacity and Low-Cost Power Drive the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Shree Cement&#8217;s roadmap rests on capacity additions across the north, east and south, with captive power and logistics that keep unit costs low and a growing range of value-added products.<\/p>\n<p>Revenue grew from Rs 15,555.45 crore in FY22 to Rs 21,604.30 crore in FY26, a 38.9% rise, and FY26 revenue was 8.7% higher than FY25. FY26 net profit rose 55.6% to Rs 1,748.66 crore. Over four years, net profit moved from Rs 2,336.61 crore in FY22 to Rs 1,748.66 crore. In Q1 FY27, revenue grew 16.8% to Rs 6,444.84 crore, and net profit fell 17.5% to Rs 531.12 crore. Operating margin was 25.30% in FY26 and 23.81% in Q1 FY27 against 29.69% a year earlier.<\/p>\n<p>Debt to equity is 0.08 and return on equity is 7.49%. FY26 operating cash flow was Rs 3,794.07 crore against capital expenditure of Rs 1,909.16 crore. Shree Cement paid a dividend of Rs 150 per share for FY26, a yield of 0.69%. At a P\/E of 48.20 against an industry P\/E of 29.77, the stock trades above its industry multiple.<\/p>\n<p>What to watch: Return on equity of 7.49% is the lowest of the three. Q1 FY27 net profit was 17.5% lower than a year earlier; the P\/E of 48.20 sits above the industry P\/E of 29.77, so earnings delivery matters for the valuation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"JK_Cement_Grey_Cement_Expansion_and_White_Cement_Build_the_Next_Leg\"><\/span><strong>JK Cement: Grey Cement Expansion and White Cement Build the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>JK Cement&#8217;s roadmap rests on grey cement expansion in central and southern India alongside its white cement and wall putty products.<\/p>\n<p>Revenue grew from Rs 8,133.69 crore in FY22 to Rs 13,916.84 crore in FY26, a 71.1% rise, and FY26 revenue was 15.5% higher than FY25. FY26 net profit rose 13.3% to Rs 987.99 crore. Over four years, net profit rose from Rs 679.21 crore in FY22 to Rs 987.99 crore. In Q1 FY27, revenue grew 19.4% to Rs 4,070.97 crore, and net profit fell 15.3% to Rs 274.62 crore. Operating margin was 18.37% in FY26 and 17.04% in Q1 FY27 against 22.20% a year earlier.<\/p>\n<p>Debt to equity is 0.88 and return on equity is 14.10%. FY26 operating cash flow was Rs 1,872.99 crore against capital expenditure of Rs 2,266.45 crore. JK Cement paid a dividend of Rs 20 per share for FY26, a yield of 0.40%. At a P\/E of 41.03 against an industry P\/E of 29.77, the stock trades above its industry multiple.<\/p>\n<p>What to watch: FY26 capital expenditure of Rs 2,266.45 crore exceeded operating cash flow of Rs 1,872.99 crore, and debt to equity is 0.88. Q1 FY27 net profit was 15.3% lower than a year earlier; the P\/E of 41.03 sits above the industry P\/E of 29.77, so earnings delivery matters for the valuation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Cement_Stocks_in_India_UltraTech_vs_Shree_Cement_vs_JK_Cement_on_Key_Financials\"><\/span><strong>Best Cement Stocks in India: UltraTech vs Shree Cement vs JK Cement on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best cement stocks in India, Shree Cement leads on FY26 operating margin; JK Cement leads on Q1 FY27 revenue growth and five-year revenue growth; UltraTech leads on the lowest P\/E. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">UltraTech<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Shree Cement<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">JK Cement<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">89,089.04<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21,604.30<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13,916.84<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Revenue growth FY22 to FY26<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">67.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">38.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">71.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8,188.35<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,748.66<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">987.99<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">35.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">55.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating profit margin<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.71%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.30%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.37%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 revenue growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 net profit growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">-17.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">-15.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.66%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.49%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.10%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">37.40<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">48.20<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">41.03<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.31<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.08<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.88<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Dividend yield<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2.21%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.69%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.40%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating cash flow (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15,315.86<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,794.07<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,872.99<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Cement demand is seasonal, with the monsoon quarter weaker, so one quarter should be read with the full-year trend.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Cement_Shares_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Cement Shares to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen cement stocks and shortlist cement shares to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which is 29.77 for all three here.<\/li>\n<li>Track operating margin across several quarters, because input costs can move faster than prices.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read operating cash flow against capital expenditure to see how growth is funded.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these cement stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Cement_Stocks\"><\/span><strong>Risks to Consider Before Investing in Cement Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Pricing:<\/strong> Cement prices vary by region, and oversupply can pull prices and margins down.<\/li>\n<li><strong>Power and fuel costs:<\/strong> Coal, petcoke and diesel prices change cost per tonne and can squeeze operating margin.<\/li>\n<li><strong>Valuation:<\/strong> Shree Cement trades at 48.20 times earnings, JK Cement at 41.03 and UltraTech at 37.40, against an industry multiple of 29.77, so a margin miss can weigh on the stocks.<\/li>\n<li><strong>Capital intensity:<\/strong> New plants need large spending, and returns depend on utilisation.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track UltraTech, Shree Cement and JK Cement live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three cement shares cover national-scale expansion, regional capacity with low-cost power, and grey and white cement. Shree Cement leads on FY26 operating margin; JK Cement leads on Q1 FY27 revenue growth and five-year revenue growth; UltraTech leads on the lowest P\/E.<\/p>\n<p>Across cement sector stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the cement shares to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Cement_Stocks\"><\/span><strong>FAQs on Cement Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_cement_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best cement stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> UltraTech Cement, Shree Cement and JK Cement stand out for their roadmaps in grey and white cement and capacity expansion. FY26 revenue growth was 16.2% at UltraTech, 8.7% at Shree Cement and 15.5% at JK Cement, and return on equity ranges from 7.49% to 14.10%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_UltraTech_Cement_a_good_stock_to_buy_now\"><\/span><strong>Is UltraTech Cement a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> UltraTech Cement has a debt to equity ratio of 0.31, a return on equity of 10.66% and a P\/E of 37.40 against an industry P\/E of 29.77. Cement demand follows construction and the monsoon, and the stock trades above its industry multiple. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_UltraTech_Shree_Cement_and_JK_Cement\"><\/span><strong>What is the P\/E ratio of UltraTech, Shree Cement and JK Cement?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 37.40 for UltraTech (industry 29.77), 48.20 for Shree Cement (industry 29.77) and 41.03 for JK Cement (industry 29.77). All three trade at or above the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_cement_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these cement stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> JK Cement has the highest return on equity at 14.10%, followed by UltraTech Cement at 10.66% and Shree Cement at 7.49%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_cement_stocks\"><\/span><strong>What are the risks of investing in cement stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are weak pricing from oversupply, rising power and fuel costs, slower construction demand and the cost of new capacity. Shree Cement trades at 48.20 times earnings, JK Cement at 41.03 and UltraTech at 37.40, against an industry multiple of 29.77.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_UltraTech_Shree_Cement_and_JK_Cement_perform_in_Q1_FY27\"><\/span><strong>How did UltraTech, Shree Cement and JK Cement perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> UltraTech Cement reported revenue of Rs 24,778.47 crore, up 15.5% year on year, and net profit rose 17.2% to Rs 2,603.72 crore. Shree Cement reported revenue of Rs 6,444.84 crore, up 16.8% year on year, and net profit fell 17.5% to Rs 531.12 crore. JK Cement reported revenue of Rs 4,070.97 crore, up 19.4% year on year, and net profit fell 15.3% to Rs 274.62 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_cement_stocks_pay_dividends\"><\/span><strong>Do cement stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, all three companies pay dividends. The dividend yield is 2.21% for UltraTech, 0.69% for Shree Cement and 0.40% for JK Cement, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_cement_stocks_in_India\"><\/span><strong>How can I invest in cement stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy cement stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best cement stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"UltraTech Cement, Shree Cement and JK Cement stand out for their roadmaps in grey and white cement and capacity expansion. FY26 revenue growth was 16.2% at UltraTech, 8.7% at Shree Cement and 15.5% at JK Cement, and return on equity ranges from 7.49% to 14.10%.\"}},{\"@type\":\"Question\",\"name\":\"Is UltraTech Cement a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"UltraTech Cement has a debt to equity ratio of 0.31, a return on equity of 10.66% and a P\/E of 37.40 against an industry P\/E of 29.77. Cement demand follows construction and the monsoon, and the stock trades above its industry multiple. This article is not investment advice, so consult a SEBI-registered advisor before deciding.\"}},{\"@type\":\"Question\",\"name\":\"What is the P\/E ratio of UltraTech, Shree Cement and JK Cement?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The P\/E ratio is 37.40 for UltraTech (industry 29.77), 48.20 for Shree Cement (industry 29.77) and 41.03 for JK Cement (industry 29.77). All three trade at or above the industry multiple.\"}},{\"@type\":\"Question\",\"name\":\"Which of these cement stocks has the highest return on equity?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"JK Cement has the highest return on equity at 14.10%, followed by UltraTech Cement at 10.66% and Shree Cement at 7.49%.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in cement stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are weak pricing from oversupply, rising power and fuel costs, slower construction demand and the cost of new capacity. Shree Cement trades at 48.20 times earnings, JK Cement at 41.03 and UltraTech at 37.40, against an industry multiple of 29.77.\"}},{\"@type\":\"Question\",\"name\":\"How did UltraTech, Shree Cement and JK Cement perform in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"UltraTech Cement reported revenue of Rs 24,778.47 crore, up 15.5% year on year, and net profit rose 17.2% to Rs 2,603.72 crore. Shree Cement reported revenue of Rs 6,444.84 crore, up 16.8% year on year, and net profit fell 17.5% to Rs 531.12 crore. JK Cement reported revenue of Rs 4,070.97 crore, up 19.4% year on year, and net profit fell 15.3% to Rs 274.62 crore.\"}},{\"@type\":\"Question\",\"name\":\"Do cement stocks pay dividends?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, all three companies pay dividends. The dividend yield is 2.21% for UltraTech, 0.69% for Shree Cement and 0.40% for JK Cement, based on dividends declared for FY26.\"}},{\"@type\":\"Question\",\"name\":\"How can I invest in cement stocks in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can buy cement stocks through a demat and trading account on NSE or BSE after checking each company's financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>UltraTech Cement, Shree Cement and JK Cement compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":34,"featured_media":288314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[8481,1191,8484,7061,7059],"class_list":["post-288319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-cement-shares","tag-cement-stocks","tag-jk-cement","tag-shree-cement","tag-ultratech-cement"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["288314"],"rank_math_title":["Cement Stocks: UltraTech, Shree Cement, JK Cement Roadmap"],"rank_math_description":["Cement stocks with a strong roadmap: UltraTech Cement, Shree Cement and JK Cement compared on growth, margins, valuation and risks. 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