J.K. Cement Limited Announces FY 2026 Financial Results, Recommends 200% Dividend

J.K. Cement Limited Announces FY 2026 Financial Results, Recommends 200% Dividend​

J.K. Cement Limited announced its audited financial results for the fourth quarter and financial year ended March 31, 2026. The company's Board of Directors approved the financial results and recommended a final dividend of Rs. 20 per fully paid-up equity share.

The Board meeting took place on May 23, 2026, where the company also approved changes to its Board of Directors, including the appointment of Dr. Sameer Sharma as an Additional Director and the re-appointment of Mr. Mudit Aggarwal as an Independent Director.

Financial Performance Highlights​

The audited statements for the quarter and year ended March 31, 2026, show significant figures across both standalone and consolidated results.

Standalone Financial Summary (Amounts in Crore):

Consolidated Financial Summary (Amounts in Crore):

The audited results for both the standalone and consolidated statements were reviewed by the Audit Committee and approved by the Board of Directors.

Board Governance Updates​

The Board of Directors approved two key appointments:

1. Dr. Sameer Sharma: Approved for appointment as an Additional Director (Non-Executive Independent Director) effective May 23, 2026, for a term of five consecutive years.
2. Mr. Mudit Aggarwal: Approved for re-appointment as an Independent Director for his second and final term of five years, effective August 14, 2026.

Operational and Compliance Updates​

The company noted several operational and compliance points:

• Capacity Expansion: During the quarter ended March 31, 2026, the company commissioned a new 3 MnTPA Grey Cement grinding unit at Buxar and increased its cement grinding capacity from 3.50 MnTPA to 4.50 MnTPA at its Muddapur plant.
• Impairment Loss: The management recorded an impairment loss of approximately 25.78 Crores under 'Depreciation and amortization expenses' during the current year, following the assessment that certain assets, including a Captive Power Plant (CPP), are no longer useful.
• Business Segment: The Group remains engaged in one business segment: cement and allied products.

Financial Covenant Compliance​

The company confirmed compliance with its major financial covenants as of March 31, 2026. Based on the audit statement, the following covenants were met:

• Debt Service Coverage Ratio (DSCR): The ratio remained compliant (Standalone DSCR: 2.31 times).
• Total Outside Liability / Total Net Worth: The ratio was compliant (Standalone: 1.58 times).
• Security Assets Cover: The company maintained adequate security cover for its debentures.

The company also reported that the long term rating for its debt instruments has been maintained by CARE Ratings as CARE AA+ (Double A+).

Financial Position Snapshot​

The Statement of Assets and Liabilities provides a view of the Group's financial structure:

JKCEMENT Stock Price Movement​

On Friday, JK Cement Limited shares dropped ₹1.00, finishing the trading session down 0.02% at ₹5557.5. The stock traded through a range of ₹5492 to ₹5621, recording a substantial volume of 35,417 shares.