JSW Cement IPO Upcoming
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About JSW Cement
JSW Cement is India’s fastest-growing cement manufacturer among the top 10 companies in installed capacity, with a significant CAGR of 14.14% in grinding capacity and 19.06% in sales volume from FY14 to FY24, outperforming industry averages. As of March 2024, their grinding capacity reached 20.60 MMTPA, supported by a strategic presence in southern, western, and eastern India, with expansions planned to achieve 40.85 MMTPA. They lead in producing eco-friendly products like GGBS, holding an 82.7% market share, and maintain a low clinker-to-cement ratio of 46.6%. With seven plants in India and one in the UAE, strategic limestone reserves of 1,098.88 MMT, and efficient supply chains, they ensure cost-effective operations. Their strong focus on green initiatives and minimal carbon emissions reinforces the commitment to sustainable growth.
Financials of JSW Cement
Strengths
- Fastest-growing cement manufacturer among top 10 by capacity and sales growth.
- Market leader in GGBS with 82.7% share in FY24.
- Strong limestone reserves of 1,098.88 MMT.
- Strategically located plants for cost efficiency.
Risks
- Dependence on steel by-products like slag.
- Regulatory and environmental compliance risks.
- Expansion delays may hurt financials.
- Geographic and customer concentration risks.