JK Lakshmi Cement vs Nuvoco Vistas: Share Price, Comparison and Key Differences

JK Lakshmi Cement MCap Rs 7,014 Cr, PE 18.92x, ROE 10.60%, D/E 0.67, Div 1.15%. Nuvoco Vistas MCap Rs 12,352 Cr, PE 31.99x, ROE 3.51%, D/E 0.48.

Updated: 12 Aug 2026 • 10:57 am

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JK Lakshmi Cement vs Nuvoco Vistas: Share Price, Comparison and Key Differences

JK Lakshmi Cement vs Nuvoco Vistas is a comparison cement investors look up when evaluating two listed Indian cement companies. JK Lakshmi Cement, a Jaipur-based company (JK Group), manufactures OPC, PPC and specialty cements from plants in Rajasthan, Gujarat, Chhattisgarh and other states with over 15 MTPA capacity. Nuvoco Vistas, formerly Nirma's cement acquisition company (acquired LafargeHolcim India assets), produces cement brands Concreto, Duraguard and Double Bull from plants in East and West India. Both JK Lakshmi Cement vs Nuvoco Vistas are mid-to-large Indian cement companies competing across multiple states.

This JK Lakshmi Cement vs Nuvoco Vistas article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.

Table of Contents

Reach and Market Position

In this JK Lakshmi Cement vs Nuvoco Vistas comparison, JK Lakshmi Cement sells cement primarily in North, West and East India through dealer networks and direct sales. Market capitalisation is Rs 7,014 Cr.

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Nuvoco Vistas sells Concreto, Duraguard and Double Bull cement brands in East, West and Central India. Market capitalisation is Rs 12,352 Cr.

Key Products and Business Mix

For the JK Lakshmi Cement vs Nuvoco Vistas product breakdown, JK Lakshmi Cement: JK Lakshmi earns from OPC, PPC and special cements. EPS is Rs 29.87. PE is 18.92x, ROE 10.60 percent, D/E 0.67. Div 1.15 percent.

Nuvoco Vistas: Nuvoco Vistas earns from cement brands Concreto, Duraguard and Double Bull. EPS is Rs 10.81. PE is 31.99x, ROE 3.51 percent (very thin), D/E 0.48.

Latest Results and Financial Data

On the JK Lakshmi Cement vs Nuvoco Vistas results front: JK Lakshmi Cement has a market cap of Rs 7,014 Cr and PE of 18.92x. ROE is 10.60 percent. JK Lakshmi is smaller but more capital-efficient than Nuvoco.

Nuvoco Vistas has a market cap of Rs 12,352 Cr and PE of 31.99x. ROE is 3.51 percent – very thin, reflecting acquisition costs and integration expenses. Nuvoco is 1.8 times larger than JK Lakshmi.

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Stock Performance and Valuation

Investors tracking the JK Lakshmi Cement vs Nuvoco Vistas comparison should verify current prices on NSE or BSE before trading. The JK Lakshmi Cement vs Nuvoco Vistas stock data below reflects the latest available figures from Groww and public company filings.

JK Lakshmi Cement vs Nuvoco Vistas at current valuations: JK Lakshmi trades at Rs 7,014 Cr market cap, PE 18.92x, ROE 10.60 percent. Nuvoco trades at Rs 12,352 Cr market cap, PE 31.99x, ROE 3.51 percent. JK Lakshmi is cheaper on PE and has a significantly higher ROE. Nuvoco is larger but with thin current returns.

JK Lakshmi Cement vs Nuvoco Vistas: Quick Comparison Table

The comparison table below summarises the key metrics side by side.

Parameter	JK Lakshmi Cement	Nuvoco Vistas
Sector	OPC + PPC + special cements, 15+ MTPA (North + West India, JK Group)	Concreto + Duraguard + Double Bull cement (East + West India, Nirma group)
Market Cap	Rs 7,014 Cr	Rs 12,352 Cr
P/E Ratio	18.92x	31.99x
ROE	10.60%	3.51% (thin)
Debt to Equity	0.67	0.48
Capacity	15+ MTPA	25+ MTPA (post LafargeHolcim acquisition)
Dividend Yield	1.15%	None

Conclusion

The JK Lakshmi Cement vs Nuvoco Vistas comparison above covers reach, products, results and valuation. JK Lakshmi Cement vs Nuvoco Vistas covers two Indian cement companies at different stages. JK Lakshmi is a profitable, capital-efficient cement company with a dividend. Nuvoco Vistas is scaling its acquired cement operations with a thin current ROE. JK Lakshmi vs Nuvoco investors should track cement volumes, realisations per tonne and capacity utilisation. Consult a SEBI-registered advisor for personalised guidance.

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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

What is JK Lakshmi Cement?

Ans. JK Lakshmi Cement is part of the JK Group (J.K. Organisation) and manufactures OPC (Ordinary Portland Cement), PPC (Portland Pozzolana Cement), SRPC and specialty cements from plants in Rajasthan, Gujarat, Chhattisgarh and other states.

What is Nuvoco Vistas?

Ans. Nuvoco Vistas Corporation is a cement company formed by Nirma Limited's acquisition of LafargeHolcim's Indian cement businesses. It makes Concreto, Duraguard and Double Bull cement brands across East, West and Central India.

What is MTPA in cement?

Ans. MTPA stands for Million Tonnes Per Annum – the measure of a cement plant's annual production capacity.

Why is Nuvoco's ROE so low?

Ans. Nuvoco's ROE of 3.51 percent reflects the large acquisition cost of buying LafargeHolcim's India cement assets. The thin earnings relative to the equity base (inflated by acquisition goodwill) compress ROE.