JK Cement vs ACC: Which Stock Should You Track

JK Cement vs ACC is a comparison cement investors look up when evaluating two mid-to-large cement companies with different specialisations. JK Cement is known for its white cement and wall putty business alongside grey cement, while ACC Limited is part of the Adani Group (following acquisition from Holcim) and is one of India's oldest cement companies with a significant presence across North, West and South India.

This JK Cement vs ACC article covers reach and market position, key products, latest declared results and stock valuation. The JK Cement vs ACC data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

JK Cement vs ACC: Reach and Market Position

On the JK Cement side of the JK Cement vs ACC comparison, JK Cement operates grey cement plants in Rajasthan and South India, and white cement plants at Gotan in Rajasthan with an integrated grey and white cement model. Market capitalisation is Rs 42,446 Cr.

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On the ACC side of the JK Cement vs ACC comparison, ACC operates cement plants across India including in Rajasthan, Maharashtra, Gujarat, Karnataka and Tamil Nadu. The company was acquired by Adani Group from Holcim in 2022. Market capitalisation is Rs 26,023 Cr.

JK Cement vs ACC: Key Products and Business Mix

In the JK Cement vs ACC product comparison, JK Cement offers: JK Cement makes ordinary portland cement, blended cement, white cement and JK Wall Putty under the JK brand. P/E is 45.24x, ROE 14.10 percent, debt to equity 0.88.

For ACC in this JK Cement vs ACC breakdown: ACC makes ordinary portland cement and blended cement. P/E is 13.63x, ROE 10.40 percent, near-zero debt at 0.02. Dividend yield is 0.54 percent.

JK Cement vs ACC: Latest Results

The JK Cement vs ACC results for JK Cement: JK Cement has a market cap of Rs 42,446 Cr and P/E of 45.24x. ROE is 14.10 percent with debt to equity of 0.88 from capacity expansion capex.

The JK Cement vs ACC results for ACC: ACC has a market cap of Rs 26,023 Cr and P/E of 13.63x, significantly cheaper than JK Cement. ROE is 10.40 percent with near-zero debt. The stock trades at a P/B of 1.27.

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JK Cement vs ACC: Stock and Valuation

The JK Cement vs ACC stock comparison uses the latest available market data from Groww. Investors tracking JK Cement vs ACC should verify current prices on NSE or BSE before trading.

JK Cement trades at a market cap of Rs 42,446 Cr and P/E of 45.24x with a higher ROE of 14.10 percent, partly driven by its white cement business. ACC trades at Rs 26,023 Cr market cap and P/E of 13.63x — one of the cheapest multiples among large cement companies — with near-zero debt and a 0.54 percent dividend.

JK Cement vs ACC: Quick Comparison Table

The JK Cement vs ACC comparison table below summarises the key metrics covered in this article side by side.

Parameter	JK Cement	ACC
Sector	Grey and white cement, wall putty	Grey cement: large pan-India presence
Market Cap	Rs 42,446 Cr	Rs 26,023 Cr
P/E Ratio	45.24x	13.63x
ROE	14.10%	10.40%
Debt to Equity	0.88	0.02
Unique business	White cement and JK Wall Putty	Adani Group-owned cement major
Key geography	Rajasthan, South India	Pan-India, Rajasthan to Tamil Nadu

Conclusion

The JK Cement vs ACC comparison above covers the key data points on reach, products, results and valuation. JK Cement vs ACC are mid-to-large cement companies at very different valuations. JK Cement commands a premium for its white cement and wall putty differentiation with a higher ROE. ACC trades at a very cheap P/E with minimal debt under Adani Group ownership. Investors should review cement demand, white cement pricing and consult a SEBI-registered advisor before investing.

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Frequently Asked Questions

What is the main difference between JK Cement and ACC?

Ans. JK Cement makes both grey cement and white cement (including JK Wall Putty), with white cement providing higher margins. ACC is a grey cement company owned by the Adani Group.

Which stock trades at a lower P/E?

Ans. ACC trades at 13.63x trailing earnings, significantly cheaper than JK Cement at 45.24x.

Why does JK Cement trade at a premium to ACC?

Ans. JK Cement's white cement and JK Wall Putty business delivers premium margins and a higher ROE, justifying a higher P/E multiple versus pure grey cement.

Who owns ACC now?

Ans. ACC Limited is owned by the Adani Group following its acquisition from Holcim of Switzerland in 2022.

What is white cement used for?

Ans. White cement is used for decorative plaster, terrazzo flooring, swimming pool plaster and high-end architectural finishes where colour appearance matters.

What risks apply to cement companies?

Ans. Both face risk from construction sector slowdowns, coal and pet coke input cost changes and regional cement market overcapacity.

Should I invest in JK Cement or ACC?

Ans. JK Cement has a higher ROE and white cement premium but at a much higher P/E. ACC is one of the cheapest cement stocks by P/E. Consult a SEBI-registered advisor before investing.