JSW Cement (JSWCEMENT) Investor presentation summary

Business overview and growth strategy

• Operates 21.6 MTPA grinding capacity across 7 units, with plans to expand to 41.85 MTPA and a pan-India presence.

• Achieved 12.96% CAGR in grinding capacity and 16.73% CAGR in sales volume from 2015–2025, outpacing industry averages.

• Maintains the lowest CO2 emission intensity in the cement industry at 258 kg/ton, 52% lower than peers.

• Strong corporate lineage with group synergies in raw material, power, and logistics.

• Expansion includes new integrated and grinding units in North India and a new UAE project.

Operational and financial performance

• Q3 FY26 total volume sold rose 14% YoY to 3.56 mn MT; revenue from operations increased 13.2% YoY to Rs 1,621 crore.

• Operating EBITDA improved 31.5% YoY to Rs 285.1 crore; PAT reached Rs 130.6 crore.

• 9M FY26 sales volume up 12.1% YoY; operating EBITDA up 42.9% YoY to Rs 875.2 crore.

• Net debt as of Dec 2025 stood at Rs 3,557 crore, with net debt/EBITDA at 2.90x.

• CRISIL upgraded long-term credit rating to AA-/Stable; S&P Global Corporate Sustainability Assessment score of 86/100.

Product leadership and sustainability

• Largest GGBS producer in India with 84% market share; GGBS volume sold grew at 23% CAGR over 10 years.

• GGBS widely used in major infrastructure projects and RMC sector, offering superior durability and lower emissions.

• Green cementitious products account for 77.4% of total volume sold.

• Recognized for energy efficiency and water management, with multiple national awards.

• Solar plants commissioned at Nandyal and Vijayanagar units, enhancing renewable energy share.