Share price
₹121.35 latest close · −11.1% over the last 90 sessions
₹121.35 month-end · +5.8% over 12 months
₹121.35 month-end · −18.2% since Aug '25
52-week range ₹106.65 to ₹143.40 · 1-year volatility 29.1%
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-32.1% (2025-09 peak to 2025-12 low, not yet recovered)
Most recent volume spikes
2026-11-06: 32.7x the 50-day median, price +0.7% that day
Where does it rank among Non-Energy Minerals peers?
Each cell is the company's percentile rank among its Non-Energy Minerals peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE55th▲ 34 pts vs a year ago
- Op. margin74th▼ 8 pts vs a year ago
- Revenue growth64th
- Debt/equity ↓29th▲ 26 pts vs a year ago
- Cash cycle ↓98thflat vs a year ago
- P/E ↓50th
- 12M momentum70th
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Non-Energy Minerals sector page Watch it move against Non-Energy Minerals in the Observatory
What is the price implying?
At a P/E of 21.8x, the price would imply about 16.3%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Fewer than six years of annual earnings are available, which is too little to measure delivered growth.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Non-Energy Minerals The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹121.35
- P/E
- 21.8x
- ROCE
- 11.0%
- Market Cap
- ₹16473 cr
- Revenue (TTM)
- ₹6848 cr
- P/S
- 2.4x
- P/B
- 2.5x
- ROE
- 11.5%
- Operating Margin
- 16.0%
- Debt / Equity
- 0.7x
- Promoter Holding
- 72.0%
- 12M Momentum
- 5.8%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance29%Near threshold
Other income as a share of pre-tax profit (trailing twelve months): 29.4%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate24%Within range
Median quarterly effective tax rate over about 2.5 years: 24.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion—Not enough data
Not enough reported data to compute this.
Free cash flow1 of 5 yrsBeyond threshold
Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history—Not enough data
Not enough reported data to compute this.
Capital work in progress12% of fixed assetsWithin range
Capital work-in-progress is 12% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Since Sep 2025, DIIs added 3.6 pts.
- The number of shareholders fell from 4.7 lakh to 4.4 lakh (-6%) between Sep 2025 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like JSW CEMENT LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −23% to +23% vs the market, against −5% for all non-financial companies in the same months.
- The gap against the base rate (−6.7%, 80% range −15.8% to +3.6%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 1 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 33 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| JSWENERGY Utilities |
Mar 2020 | 10x | 9% | −41% | −46% | +14% |
| PRESTIGE Finance |
Jun 2023 | 25x | 10% | +49% | −4% | +125% |
| TORNTPOWER Utilities |
Jan 2020 | 17x | 12% | +25% | −5% | −16% |
| GODREJIND Process Industries |
Apr 2021 | 31x | 10% | +93% | −7% | −22% |
| SANSERA Producer Manufacturing |
Mar 2025 | 34x | 16% | +20% | −30% | +75% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ASAHIINDIA Consumer Durables |
Mar 2025 | 42x | 15% | +12% | −27% | +34% |
| JKCEMENT Non-Energy Minerals |
Oct 2024 | 39x | 16% | +37% | −10% | +40% |
| CCL Consumer Non-Durables |
Apr 2025 | 29x | 12% | 0% | −29% | +80% |
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and ROCE. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
12 events since Sep '25
- NovPriceVolume reached 32.7x its 50-day median on 2026-11-06; price +0.7% that day.
- SepResultsEPS (TTM) turned positive.
- SepInstitutionsFII + DII holding rose 4.1 pts over 2 quarters to 15.2%.
- SepPeer rankSlipped to the 2nd quartile of Non-Energy Minerals on operating margin (from the top quartile).
- AugDebtDebt / equity halved over 12 months to 0.68x.
- AugSharesShare count is up 36.0% over 12 months.
- JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on ROCE (from the bottom quartile).
- JunDebtDebt / equity fell below 1.0x (0.68x).
Show 4 earlier events
- MayPriceVolume reached 85.6x its 50-day median on 2026-05-22; price +8.3% that day.
- FebPriceVolume reached 24.5x its 50-day median on 2026-02-05; price +6.4% that day.
- DecPriceFell 32% from the Sep 2025 peak to the Dec 2025 low.
- SepPeer rankMoved into the top quartile of Non-Energy Minerals on operating margin (from the 2nd quartile).
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history16 months · 2025-08 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 21.8x | ₹6848 cr | 11.5% | 11.0% | 0.7x |
| 2026-10 | 20.7x | ₹6848 cr | 11.5% | 11.0% | 0.7x |
| 2026-09 | 20.4x | ₹6848 cr | 11.5% | 11.0% | 0.7x |
| 2026-08 | — | ₹6512 cr | -12.7% | 11.0% | 0.7x |
| 2026-07 | — | ₹6512 cr | -12.7% | 11.0% | 0.7x |
| 2026-06 | — | ₹6512 cr | -12.7% | 11.0% | 0.7x |
| 2026-05 | — | ₹6326 cr | -50.8% | 5.0% | 2.8x |
| 2026-04 | — | ₹6326 cr | -50.8% | 5.0% | 2.8x |
| 2026-03 | — | ₹6326 cr | -50.8% | 5.0% | 2.8x |
| 2026-02 | — | ₹6138 cr | -60.2% | 5.0% | 2.8x |
| 2026-01 | — | ₹6138 cr | -60.2% | 5.0% | 2.8x |
| 2025-12 | — | ₹6138 cr | -60.2% | 5.0% | 2.8x |
| 2025-11 | — | ₹5926 cr | -66.9% | 5.0% | 2.8x |
| 2025-10 | — | ₹5926 cr | -66.9% | 5.0% | 2.8x |
| 2025-09 | — | ₹5926 cr | -66.9% | 5.0% | 2.8x |
| 2025-08 | — | ₹5813 cr | -7.3% | 5.0% | 2.8x |