The main purpose of this research is to analysis and compares the most populous Indian cement company’s J.K. Cement Ltd and Ultra Tech Cement Limited. The methodology is based on a comprehensive literature review of major contribution made in this field of cement industry. The opinions and information contained in this paper are from secondary data studies, published materials and also include author personal opinions. I have taken ratio analysis as tool for the comparison. I found in my research Ultra Tech Cement Limited is much better than the J.K. Cement Ltd in all areas.