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JSW CementNSE:JSWCEMENT -0.74%12 Debt-to-Equity is 0.68 as of Mar. 2026, which is 73% below its 10-year median of 2.50. GuruFocus rates NSE:JSWCEMENT with a GF Score™ of 12/100. The stock has 4 warning signs investors should review. Among 368 Building Materials companies, JSW Cement ranks worse than 72.01% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for JSW Cement's Debt-to-Equity or its related term are showing as below:
NSE:JSWCEMENT'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68 Med: 2.5 Max: 2.79
Current: 0.68
During the past 4 years, the highest Debt-to-Equity Ratio of JSW Cement was 2.79. The lowest was 0.68. And the median was 2.50.
NSE:JSWCEMENT's Debt-to-Equity is ranked worse than 72.01% of 368
companies
in the Building Materials industry
Industry Median: 0.36
vs NSE:JSWCEMENT: 0.68
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
JSW Cement Debt-to-Equity Related Terms
JSW Cement Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for JSW Cement's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:JSWCEMENT vs CRH, VMC, MLM: Debt-to-Equity Comparison
For the Building Materials subindustry, JSW Cement's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
JSW Cement Debt-to-Equity vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, JSW Cement's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where JSW Cement's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
JSW Cement (NSE:JSWCEMENT) has a Debt-to-Equity of 0.68 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on JSW Cement and its competitors. This is 73% below median its historical median of 2.50. Over the past decade, JSW Cement's Debt-to-Equity has ranged from 0.68 to 2.79. According to the industry distribution chart, JSW Cement ranks #265 out of 368 companies in the Building Materials industry, placing it in the top 72%.
Is JSW Cement's Debt-to-Equity too high?
JSW Cement's current Debt-to-Equity of 0.68 is 73% below median its 10-year median of 2.50. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 2.79. The Building Materials industry median Debt-to-Equity is 0.36. JSW Cement's value of 0.68 is 88.9% above this industry median. Based on the distribution chart, JSW Cement ranks #265 out of 368 companies in the Building Materials industry, which is below the industry midpoint. Overall, JSW Cement has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does JSW Cement's Debt-to-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, JSW Cement ranks #265 out of 368 companies for Debt-to-Equity. This places JSW Cement in the lower half of its industry. The industry median Debt-to-Equity is 0.36. JSW Cement's value of 0.68 is 88.9% above this benchmark. Historically, JSW Cement's own Debt-to-Equity has ranged from 0.68 to 2.79 over the past decade. While the company's 10-year median is 2.50 vs. the industry median of 0.36, JSW Cement has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Building Materials company?
The median Debt-to-Equity among Building Materials companies is 0.36, based on 368 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JSW Cement's current Debt-to-Equity of 0.68 is 88.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on JSW Cement and its competitors. For the Building Materials industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Cement's current Debt-to-Equity is 0.68, which is 73% below median its own 10-year median of 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Cement stock overvalued right now?
JSW Cement (NSE:JSWCEMENT) has a current Debt-to-Equity of 0.68. The current Debt-to-Equity is 0.68, which is 73% below median its 10-year median of 2.50 and 88.9% above the Building Materials industry median of 0.36. JSW Cement's overall GF Score™ is 12/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For JSW Cement (NSE:JSWCEMENT), the current Debt-to-Equity is 0.68 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
JSW Cement Ltd is a cement company based in India. Its products include: Cement, additives, plaster, aggregates, ready-mix concrete, cementitious materials.
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