BUILDING A BETTER TOMORROW

WITH PASSION, PEOPLE AND PURPOSE.

HIGHLIGHTS OF THE YEAR

6,028 CR

Revenue

18%

Operating EBITDA Margin

1,099 CR

Operating EBITDA

62 CR

PAT

12.15 MT

Cement & GGBS Saleable Production

67.50%

Capacity utilisation

12.03 MT

Cement and GGBS sales

6.89%

Thermal substitution rate

42.8 MILLION UNITS

Solar power utilised at Nandyal, Vijayanagar and Salboni in FY 2023-24

241 KG/T

Net CO2 emission intensity (Scope 1)

100%

Employees were covered under regular performance

0.22 MILLION M3

Harvested rainwater consumed

76.8 LITRES

Water consumption per MT of cementitious material

1.5%

Reduction in Water consumption intensity

11.1%

Increase in diversity

60%

Career development review

2,07,214

Primary Stakeholders

OUR PROGRESS ON OUR SUSTAINABILITY STRATEGY

CO-CREATING A BETTER FUTURE

JSW Cement’s “CO-CREATE” strategy focusses on long-term sustainability for both the company and its stakeholders. The strategy involves seven pillars, encompassing circular economy principles, mindful climate and energy use, continuous research and innovation, and ecosystem restoration.

MANAGEMENT OVERVIEW

Seshagiri Rao MVS

Chairman

CHAIRMAN'S MESSAGE

Dear stakeholders,

The global economy has demonstrated remarkable resilience, maintaining steady growth as inflation returns to target levels. Despite numerous challenges, including supply-chain disruptions in the aftermath of the pandemic.

Parth Jindal

Managing Director

MD'S MESSAGE

Dear stakeholders,

JSW Cement has emerged in FY 2023-24 a stronger and more sustainable organisation. This year marked significant advancements in operational excellence, capacity expansion, and our unwavering commitment to environmental responsibility.

Nilesh Narwekar

CEO

CEO's MESSAGE

Dear stakeholders,

The past year has been a transformative year for the global economy, the Indian cement sector, and JSW Cement. Geopolitical tensions disrupted supply chains and led to increased input costs. However, as we proceed into 2025, these issues are now beginning to stabilise.

VALUE CREATION MODEL

BUILDING VALUE FROM THE GROUND UP

986 crore

Equity

5,972 crore*

Debt

5,952 crore**

Fixed assets

2,385 crore**

Net worth

*including CCPS of ₹1,747 crore issued to investors **including ROU & intangible assets

Plant-wise capacity

4.2 MTPA

Nandyal integrated unit

6.0 MTPA*

Vijayanagar grinding unit

3.6 MTPA

Salboni grinding unit

4.5 MTPA

Dolvi grinding unit

1.5 MTPA

Jajpur grinding unit

0.8 MTPA

Salem grinding unit

20.6 MTPA

Total manufacturing capacity
No. of new units under implementation

2.0 MTPA

Started commercial operation

2.0 MTPA

*Installed grinding capacity at Vijayanagar for which we have applied for a CTO

15

Presence in the number of states

1,668

Employees on roll

2,674

Contractual Employees

299 crore

Employee benefit expenditure

1,000+

Employees trained for upgradation

₹1.43 crore

Health and safety management systems

₹0.23 crore

Research & Development expense

8.11 crore

Total CSR expenditure

5,043

Dealer network

10,412

Sub-dealer network

5.4 Million

Total fuel used (excluding BF & CO gas)

11 Crore Nm3

Total BF and CO used

0.9 Million M3

Total water used

599 Mn units

Total electrical energy consumed

48.5 MW

Green energy capacity (Own + PPA)

External Environment
  • Risk and Opportunities
  • Sustainability – CO-CREATE
  • Technological Advancement
  • Innovative Products
  • Strategic Priorities
  • Governance Framework
  • Regulatory Compliance

7.05 MMT

Cement Production

5.11 MMT

GGBS

599 Million Units

Power Consumption

2.9 Million Tonne

CO2 emission

76 Tonnes

Hazardous waste generated

23,814 MT

Non-hazardous waste generated

6,028 Crore

Revenue from operations

₹1,099 Crore

Operating EBITDA

₹62 Crore

PAT

11.08%

ROCE (Operating return on capital employed)

₹0.91

EPS (basic)

67.50%

Capacity utilisation

26.4%

Increase in cement and GGBS production

84% - Male

91% - Female

Employee retention

0.23

Lost Time Injury Frequency Rate (LTIFR)

5.7%

Gender diversity

355

New joinees

44,544 hrs

Total training provided

27 hrs (Avg)

Training Time per employee

New Products Launched:

1

Cement Sector

10

Construction Chemicals

5

Patents granted

2,07,214

Total Primary Stakeholders

64%

Alternative raw material substitution

93,269 m3

Wastewater recycled

25%

Share of harvested water in total water consumption

8.9 MnT

Waste utilised

1,15,067 T

CO2 Emissions avoided on account of AFR and Clean Energy

6.89%

Thermal substitution rate

241 Kg/T

Net CO2 Emission intensity (Scope 1)

STRATEGIC PRIORITIESROADMAP FOR THE FUTURE

JSW Cement focusses on capitalising on industry opportunities while addressing stakeholder concerns. This multi-pronged approach has yielded significant progress in the past year, suggesting the Company’s strategies are effectively driving itself forward and meeting stakeholder expectations.

EXTERNAL OPERATING ENVIRONMENT

TAPPING INTO INDIA’S GROWTH NARRATIVE

STAKEHOLDER ENGAGEMENT

BUILDING TRUST THROUGH STAKEHOLDER ENGAGEMENT

MATERIALITY ASSESSMENT

PRIORITISING SUSTAINABILITY THROUGH MATERIALITY ASSESSMENT

RISK MANAGEMENT

GUARDING AGAINST UNCERTAINTY

VALUE CREATED ACROSS CAPITALS

Financial Capital

MAINTAINING FINANCIAL DISCIPLINE

FY 2023-24 Highlights

₹ 6,028 Crore

Revenue from Operations

₹ 1,099 Crore

Operating EBITDA

₹ 62 Crore

Profit after Tax

₹ 24.99

Net Asset Per Share

₹ 0.91

Earnings Per Share (Basic)

Manufactured Capital

CEMENTING EXCELLENCE

JSW Cement’s manufacturing excellence is pillared upon its seamlessly integrated value chain and world-class operations.

FY 2023-24 Highlights

1

Integrated unit

2

Clinkerisation unit

6

Grinding units

20.60 MTPA

Cumulative capacity

Intellectual Capital

EMBRACING INNOVATION

JSW Cement holds R&D and innovation as a vital element in driving sustainable organisational growth. Digitalisation and analytical capabilities enable the Company to evolve, optimise and enhance operations with a differentiated range of outcomes.

Human Capital

NURTURING AN EMPOWERED WORKFORCE

KPIs

60%

Successor for key roles

44,544 Hrs

Training imparted

₹ 299.3 Cr

Overall HC and Cost

1,668

Total number of employees

Social and Relationship Capital

BUILDING RESILIENT COMMUNITIES AND SUPPLIER NETWORKS

At JSW Cement, we promote continuous and purposeful engagement with our stakeholders to build a resilient, future-focussed entity.

Natural Capital

MINIMISING OUR ENVIRONMENTAL IMPACT

To further minimise our impact, we are committed to judicious resource consumption, reducing CO2 emissions, efficiently managing waste and recycling/replenishing water sources.

GOVERNANCE

At JSW Cement, we are committed to ethical and responsible business practices. We achieve this through a robust governance framework built on industry-leading policies, structures, and a highly skilled leadership team.

MANAGEMENT DISCUSSION AND ANALYSIS

Global headwinds continued to persist in 2023 with growth at 3.2% amid high central bank policy rates to fight inflation, limited fiscal support amid high debt weighing on economic activity, and low underlying productivity growth.