JSW Cement Stock to Buy: Indian equity markets opened the week on a strong note, with the BSE Sensex rising over 220 points and Nifty crossing the 24,950 level. Amid this bullish momentum, global brokerage Jefferies has initiated coverage on JSW Cement, part of the renowned JSW Group, with a buy rating, citing strong growth prospects and potential returns for investors.
JSW Cement Target Price and Potential Upside
Jefferies has set a target price of Rs 170 per share for JSW Cement. The stock closed at Rs 138.85 in the last session, indicating a potential upside of over 22 per cent. On Monday, JSW Cement saw gains of more than 1.3 per cent, reflecting growing investor interest.
Why Buy JSW Cement?
According to the report, JSW Cement has now emerged among the top 10 cement companies in India. Jefferies expects the company to achieve a 13–17 per cent capacity and volume CAGR between FY25–28. The brokerage also forecasts that EBITDA could grow at approximately 35 per cent CAGR over the next three years.
Add Zee Business as a Preferred Source
The company is moving beyond a regional focus toward pan-India expansion, aiming to establish a strong presence in multiple markets. Leveraging the JSW Group’s strength in raw materials, power, logistics, and brand, JSW Cement is expected to gain cost advantages and competitive edge in the market.
Cement Sector Outlook
FY26 is expected to see peak capacity additions, as companies expand production capabilities. Demand is likely to be driven by infrastructure projects, housing, and rural construction. Stability in raw material and fuel costs is expected to improve margins. Additionally, disciplined pricing and demand recovery could act as key growth drivers for the sector.
Listing and Shareholding
JSW Cement was listed on NSE in August 2025 at Rs 153 per share, a 4 per cent premium over the IPO price of Rs 139–147. The IPO successfully raised Rs 1,080 crore from anchor investors.
Promoters hold 72.33 per cent in the company, while FIIs and DIIs own 4.38 per cent and 4.77 per cent, respectively. The public shareholding stands at 16.13 per cent.
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