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3 White Cement and Wall Putty Leader, North East Cement Producer and Plywood and Laminates Maker Stocks With a Strong Future Roadmap: JK Cement, Star Cement and Century Plyboards (India)

JK Cement, Star Cement and Century Plyboards (India): ROE of 10.1% to 14.1% and FY22 to FY26 revenue CAGR of 13.9% to 15.4%. Prices as of 26 Oct 2026.


27 Oct 2026 • 12:16 pm

3 White Cement and Wall Putty Leader, North East Cement Producer and Plywood and Laminates Maker Stocks With a Strong Future Roadmap: JK Cement, Star Cement and Century Plyboards (India)

Quick Answer

The three white cement, regional cement and plywood stocks to watch are JK Cement, Star Cement and Century Plyboards (India). Their return on equity ranges from 10.1% to 14.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.9% to 15.4%. JK Cement has the highest return on equity at 14.1%, while Century Plyboards (India) has the fastest revenue growth at 15.4% a year. Prices are based on the 26 October 2026 close, and this article is educational, not investment advice.

White cement, regional cement and plywood stocks offer a focused view of a sector where demand keeps widening. JK Cement, Star Cement and Century Plyboards (India) cover a white cement and wall putty leader, a North East cement producer and a plywood and laminates maker.

This list covers three white cement, regional cement and plywood stocks with complete current figures: JK Cement, Star Cement and Century Plyboards (India). Every figure comes from the latest reported financials and the 26 October 2026 market close. Companies without complete current figures were left out.

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What Are White Cement, Regional Cement and Plywood Stocks?

White cement, regional cement and plywood stocks are listed building material companies that sell cement, wall putty, plywood and doors to builders and homeowners. Their earnings depend on housing activity, regional demand, brand strength and input costs.

White Cement, Regional Cement and Plywood Stocks at a Glance

Company CMP (Rs) Market Cap (Rs Cr) P/E Industry P/E ROE (%) D/E
JK Cement 4,935 37,671 40.1 29.1 14.1 0.88
Star Cement 160.59 6,481 17.7 29.6 12.3 0.19
Century Plyboards (India) 635.9 14,715 49.3 36.3 10.1 0.68

On valuation, Star Cement trades at a P/E below the industry P/E, while JK Cement and Century Plyboards (India) trade above it, which reflects the growth the market already expects. Readers comparing white cement, regional cement and plywood stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in white cement, regional cement and plywood stocks can use the coming numbers to test whether growth is holding.

Why Do White Cement, Regional Cement and Plywood Stocks Have a Strong Roadmap in India?

White cement, regional cement and plywood stocks have a strong roadmap in India because housing growth, infrastructure spending and a shift toward branded building products keep widening demand.

  • Premium products. White cement and putty serve finishing work.
  • Regional strength. North East projects support cement demand.
  • Interiors. Plywood and laminates follow new homes.

Why JK Cement Features Among These White Cement, Regional Cement and Plywood Stocks

Among the white cement, regional cement and plywood stocks on this list, JK Cement is a cement and building products company with plants in northern, western and southern India. It sells grey cement, white cement and wall putty, and it has a strong presence in the premium white cement segment.

Revenue rose from Rs 8,134 crore in FY22 to Rs 13,917 crore in FY26, a compound annual growth rate of 14.4%. Net profit grew from Rs 679 crore in FY22 to Rs 988 crore in FY26, which works out to a compound annual growth rate of 9.8%.

In the June 2026 quarter, revenue grew 19.4% year on year to Rs 4,071 crore. The company has a return on equity of 14.1%, a debt to equity ratio of 0.88 and a market capitalisation of Rs 37,671 crore. The stock trades at a P/E of 40.1, above the industry P/E of 29.1.

Roadmap: The company is expanding grey cement capacity in several regions and growing its white cement and putty range, which carries a strong brand. Housing and infrastructure activity supports steady cement demand.

What to watch: Track capacity additions, volume growth and realisation per tonne.

Why Star Cement Features Among These White Cement, Regional Cement and Plywood Stocks

Among the wall putty and white cement shares on this list, Star Cement is a leading cement maker in India's North East, producing cement at plants in Meghalaya and Assam and selling across the region and in eastern India.

In the June 2026 quarter, revenue grew 4.1% year on year to Rs 951 crore. Revenue rose from Rs 2,255 crore in FY22 to Rs 3,796 crore in FY26, a compound annual growth rate of 13.9%.

Net profit grew from Rs 247 crore in FY22 to Rs 390 crore in FY26, which works out to a compound annual growth rate of 12.2%. The company has a return on equity of 12.3%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 6,481 crore. The stock trades at a P/E of 17.7, below the industry P/E of 29.6.

Roadmap: The company is expanding capacity and widening its reach in eastern India, while infrastructure and housing spending in the North East supports demand. Its strong regional position helps pricing.

What to watch: Follow regional cement prices, capacity expansion and fuel and freight costs.

Why Century Plyboards (India) Features Among These White Cement, Regional Cement and Plywood Stocks

Among the three companies on this list, Century Plyboards (India) is a leading maker of plywood, laminates, medium density fibreboard, particle board and doors, sold under the CenturyPly and Century Laminates brands.

The company has a return on equity of 10.1%, a debt to equity ratio of 0.68 and a market capitalisation of Rs 14,715 crore. The stock trades at a P/E of 49.3, above the industry P/E of 36.3.

Revenue rose from Rs 3,050 crore in FY22 to Rs 5,407 crore in FY26, a compound annual growth rate of 15.4%. Net profit grew from Rs 186 crore in FY25 to Rs 268 crore in FY26, a rise of 44.2%. In the June 2026 quarter, revenue grew 33.5% year on year to Rs 1,564 crore, while net profit rose 57.4% to Rs 83.3 crore.

Roadmap: Rising housing and furniture demand and a shift from unorganised to branded products support volumes across its wood panel range. Capacity added in laminates and fibreboard widens its reach in premium and mid-priced segments.

What to watch: Monitor volume growth in laminates and fibreboard and the utilisation of new plants.

JK Cement vs Star Cement vs Century Plyboards (India) on Key Financials

The table below sets the three white cement, regional cement and plywood stocks side by side on revenue, profit and margin, using reported figures.

Company FY22 Revenue (Rs Cr) FY26 Revenue (Rs Cr) Revenue CAGR (FY22-FY26) FY26 Net Profit (Rs Cr) FY26 Net Margin
JK Cement 8,134 13,917 14.4% 988 7.1%
Star Cement 2,255 3,796 13.9% 390 10.3%
Century Plyboards (India) 3,050 5,407 15.4% 268 5.0%

JK Cement posts the highest return on equity in this group at 14.1%. JK Cement has the largest FY26 revenue at Rs 13,917 crore, and Century Plyboards (India) shows the fastest revenue growth with a 15.4% compound annual rate. A useful habit with white cement, regional cement and plywood stocks is to check each new quarterly result against the capacity plans the company described earlier.

The June 2026 quarter, the latest reported, gives a fresh read on momentum:

Company Q1 FY26 Revenue (Rs Cr) Q1 FY27 Revenue (Rs Cr) Year-on-Year Growth
JK Cement 3,409 4,071 19.4%
Star Cement 914 951 4.1%
Century Plyboards (India) 1,171 1,564 33.5%

Key Risks to Check Before Investing in White Cement, Regional Cement and Plywood Stocks

Every theme carries risks that deserve a check before any decision. For these white cement, regional cement and plywood stocks, the main points are: Long-term wall putty and white cement shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

  • Input costs. Fuel and timber prices affect margins.
  • Competition. New capacity can add pressure.
  • Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.

Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.

Use the Univest Stock Screener to filter white cement, regional cement and plywood stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on White Cement, Regional Cement and Plywood Stocks

White cement, regional cement and plywood stocks reward patient research into demand, execution and financial strength. JK Cement, Star Cement and Century Plyboards (India) each have a clear plan to expand. Based on the 26 October 2026 close, JK Cement trades at Rs 4,935, Star Cement at Rs 160.59 and Century Plyboards (India) at Rs 635.9. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these white cement, regional cement and plywood stocks to a watchlist.

Download the Univest iOS App or Univest Android App to track white cement, regional cement and plywood stocks, set price alerts and get research-backed stock ideas.

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).

What are white cement, regional cement and plywood stocks?

Ans. White cement, regional cement and plywood stocks are listed building material companies that sell cement, wall putty, plywood and doors to builders and homeowners. Their earnings depend on housing activity, regional demand, brand strength and input costs. This list looks at three of them, JK Cement, Star Cement and Century Plyboards (India), using reported FY22 to FY26 financials and the 26 October 2026 closing prices.

Which white cement, regional cement and plywood stocks are covered in this list?

Ans. This list covers JK Cement, Star Cement and Century Plyboards (India). Based on the 26 October 2026 close, JK Cement traded at Rs 4,935, Star Cement at Rs 160.59 and Century Plyboards (India) at Rs 635.9. Their return on equity ranges from 10.1% to 14.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.9% to 15.4%.

Why do white cement, regional cement and plywood stocks have a strong future roadmap in India?

Ans. White cement, regional cement and plywood stocks have a strong roadmap in India because housing growth, infrastructure spending and a shift toward branded building products keep widening demand. The main drivers are as follows. Premium products. White cement and putty serve finishing work. Regional strength. North East projects support cement demand. Interiors. Plywood and laminates follow new homes. Together these factors give the companies on this list a visible path for growth over the coming years.

How has JK Cement performed financially?

Ans. Revenue rose from Rs 8,134 crore in FY22 to Rs 13,917 crore in FY26, a compound annual growth rate of 14.4%. Net profit grew from Rs 679 crore in FY22 to Rs 988 crore in FY26, which works out to a compound annual growth rate of 9.8%. In the June 2026 quarter, revenue grew 19.4% year on year to Rs 4,071 crore. The company has a return on equity of 14.1%, a debt to equity ratio of 0.88 and a market capitalisation of Rs 37,671 crore. The stock trades at a P/E of 40.1, above the industry P/E of 29.1. Looking ahead, the company is expanding grey cement capacity in several regions and growing its white cement and putty range, which carries a strong brand. Housing and infrastructure activity supports steady cement demand.

How has Star Cement performed financially?

Ans. Revenue rose from Rs 2,255 crore in FY22 to Rs 3,796 crore in FY26, a compound annual growth rate of 13.9%. Net profit grew from Rs 247 crore in FY22 to Rs 390 crore in FY26, which works out to a compound annual growth rate of 12.2%. In the June 2026 quarter, revenue grew 4.1% year on year to Rs 951 crore. The company has a return on equity of 12.3%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 6,481 crore. The stock trades at a P/E of 17.7, below the industry P/E of 29.6. Looking ahead, the company is expanding capacity and widening its reach in eastern India, while infrastructure and housing spending in the North East supports demand. Its strong regional position helps pricing.

How has Century Plyboards (India) performed financially?

Ans. Revenue rose from Rs 3,050 crore in FY22 to Rs 5,407 crore in FY26, a compound annual growth rate of 15.4%. Net profit grew from Rs 186 crore in FY25 to Rs 268 crore in FY26, a rise of 44.2%. In the June 2026 quarter, revenue grew 33.5% year on year to Rs 1,564 crore, while net profit rose 57.4% to Rs 83.3 crore. The company has a return on equity of 10.1%, a debt to equity ratio of 0.68 and a market capitalisation of Rs 14,715 crore. The stock trades at a P/E of 49.3, above the industry P/E of 36.3. Looking ahead, rising housing and furniture demand and a shift from unorganised to branded products support volumes across its wood panel range. Capacity added in laminates and fibreboard widens its reach in premium and mid-priced segments.

What risks should investors check before buying white cement, regional cement and plywood stocks?

Ans. Investors should check a few risks before buying white cement, regional cement and plywood stocks. Input costs. Fuel and timber prices affect margins. Competition. New capacity can add pressure. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.

Is this list of white cement, regional cement and plywood stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 26 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.

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