Top Grey Cement Manufacturer Acquires 60 Per Cent Stake in Saifco Cements to Expand Presence in Jammu & Kashmir

The Stock has delivered strong returns—46.46 per cent in the past one year and 181.87 per cent over the last three years.

JK Cement Ltd has finalised a strategic acquisition, purchasing a 60 per cent stake in Saifco Cements Private Limited for a cash consideration of Rs 149.81 crore. With this move, Saifco becomes a subsidiary of JK Cement, marking a major step in expanding its footprint into the Union Territory of Jammu and Kashmir. The acquisition provides JK Cement with access to Saifco’s integrated unit, which holds a clinker capacity of 0.26 MnTPA and a grinding capacity of 0.42 MnTPA. This transaction was not a related party transaction and was completed immediately upon payment.

This acquisition aligns with JK Cement’s long-term strategy of strengthening its regional presence and increasing manufacturing capacity in key growth markets. Saifco’s addition not only enhances JK Cement’s production capabilities but also supports its broader goal of tapping into underpenetrated markets in North India.

JK Cement Ltd is among the top 10 grey cement producers in India and ranks fifth in North India. The company’s product mix includes 81 per cent grey cement and 19 per cent white cement and allied products. With operations spread across 19 states and exports to 32 countries, particularly in the white cement segment, JK Cement is a major player in the Large-Cap cement space. Its total manufacturing capacity currently stands at 22.3 MTPA for grey cement and 3.05 MTPA for white cement and wall putty. The company has set an ambitious target to raise its capacity to 30 MnTPA by FY26, with ongoing projects in Prayagraj and Panna, and a newly established grinding unit in Ujjain.

In addition to cement, JK Cement is diversifying into the paint industry through its acquisition of Acro Paints Ltd. It is also focused on producing environmentally friendly cement products to align with global sustainability trends.

As of June 06, 2025, the stock price of JK Cement Ltd is Rs 5,877.15, which is also its 52-week high. The 52-week low stands at Rs 3,921.60. With a market capitalisation of Rs 44,166 crore, JK Cement has delivered strong returns—46.46 per cent in the past one year and 181.87 per cent over the last three years, marking it as a potential multibagger in the cement sector. The company’s current Price-Earnings (PE) ratio stands at 50.67. Prominent public shareholders include Kavita Yadupati Singhania with a 5.01 per cent stake and Abhishek Singhania holding 3.38 per cent. The record date for the final dividend of Rs 15.00 per share has been set for July 08, 2025.

This acquisition and ongoing expansion reflect JK Cement's aggressive growth strategy and its aim to become a dominant player in the Indian and international cement market.

Disclaimer: The article is for informational purposes only and not investment advice.