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JK Lakshmi Cement Ltd share Price Today

Company details

792.20
813.70
607.20
999.90
6M Return 19.08%
1Y Return -1.53%
Mkt Cap.(Cr) 9,368.30
Volume 303,422
Div Yield 0.47%
OI
-
OI Chg %
-
Volume 303,422

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About The Stock

    JK Lakshmi mainly caters to the north, west & eastern markets with total capacity of 13.9 MT (including subsidiary). It has integrated units at Sirohi, Udaipur (Rajasthan), and Durg (Chhattisgarh) while grinding units are located at Jhajjar (Haryana), Cuttack (Odisha), Kalol and Surat (Gujarat).

    • It also has 117 MW power plant (74 MW CPP, 33 MW WHRS and 10 MW Solar) that fulfils 75% of its total power requirements
    • The company is now adding 2.5 MT cement capacity (1.5 MT clinker) through its subsidiary unit UCWL at a cost of ~₹ 1650 crore (expected by Q1FY25E)
    • The company intends to take its total cement capacity to 30 MT by 2030
Q3FY23 Results:

    JK Lakshmi’ result print was a mixed bag with revenues coming in better than our expectations owing to better-than-expected utilisation rates but significantly higher power and fuel expenses impacted profitability.

    • Revenue grew 25% YoY to ₹ 1488.5 crore, mainly led by higher realisations, which increased 18% YoY (1.1% QoQ)
    • Absolute EBITDA grew 15% QoQ (9% YoY) to ₹ 159.6 crore. EBITDA margins declined 155 bps YoY to 10.7% (I-direct estimate: 11.9%)
    • Owing to lower tax rate (28% in Q3FY23 vs. 35% in Q3FY22), PAT grew 24% YoY to ₹ 73.6 crore (I-direct estimate: ₹ 73.4 crore)

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Research view on more stocks

JK Lakshmi Cement announced Q2FY24 & H1FY24 results:

Financial Performance
1. JK Lakshmi Cement Limited reported an increase in net sales by 12% in Q2FY24 compared to the same period last year.
2. The company's profit after tax (PAT) for Q2FY24 jumped 41% to Rs 83.03 crore.
3. The net debt to EBITDA ratio for Q2FY24 stood at 0.19, indicating a healthy financial position.
4. The company achieved a clinker capacity utilization of 100% in Q2FY24, showcasing efficient operations.
5. The company achieved a cement capacity utilization of 73% in Q2FY24.
6. JK Lakshmi Cement's consolidated net sales for H1FY24 reached Rs 3,304.78 crore, representing a growth of 14%.

Operational Highlights and Sustainability:
1. JK Lakshmi Cement is implementing a project to enhance its Thermal Substitution Rate (TSR) from 4% to 16% as part of its green initiatives.
2. The company has tied up with a solar power source, increasing the share of renewable power at its Durg Cement Plant from 36% to 80%.
3. The company has undertaken a project to set up an additional cement grinding unit of 13.50 lakh tonnes per annum at its Surat Grinding Unit.
4. Udaipur Cement Works Limited, a subsidiary of JK Lakshmi Cement, successfully commissioned its second clinker line, doubling its clinker capacity to 3 million tonnes per annum.
5. JK Lakshmi Cement's Sirohi plant has been honored with multiple awards for its safety, health, and environmental initiatives.

Capex:
1. The company has taken up the setting up of an additional cement grinding unit at its Surat plant.

Commenting on the Results of the Company, Vinita Singhania, Vice Chairman & Managing Director (VC&MD) of the Company said "The profitability of the Company improved on account of Higher Volume, Better Product & Sales Mix, and Reduction in Fuel Cost".

 

 

Result PDF

View Other Company Results

JK Lakshmi Cement Ltd shares SWOT Analysis

Strengths (5)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Increasing profits every quarter for the past 2 quarters
  • Book Value per share Improving for last 2 years

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (0)

Data not found

Threats (4)

  • Companies with growing costs YoY for long term projects
  • Red Flag: Resignation of Top Management
  • Increasing Trend in Non-Core Income

Resistance and support

R1 809.2
R2 822.2
R3 830.7
Pivot

800.68

S1 787.7
S2 779.2
S3 766.2
EMA SMA
848.3
867.9
853.2
808.6
840.1
891.5
877.3
778.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GOLDMAN SACHS FUNDS GOLDMAN SACHS INDIA EQUITY PORTFOLIO Bulk Purchase 2021-08-23 696.5 1277969 BSE
GOLDMAN SACHS INDIA FUND LIMITED Bulk Sell 2021-08-23 696.5 1277969 BSE
GOLDMAN SACHS FUNDS GOLDMAN SACHS INDIA EQUITY PORTFOLIO Block Purchase 2021-08-23 696.5 1277969 BSE
Name Category Shares
BENGAL & ASSAM COMPANY LTD PROMOTER 44.28%

OUR RESEARCH VIEW

Investment recommendation
Call Date
15 Feb 2023
Entry Price 746.00
Target Price 810.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

JK Lakshmi Cement Ltd Stocks COMPARISON

Financials( in Cr) JK Lakshmi Cement Ltd UltraTech Cement Ltd Ambuja Cements Ltd Shree Cement Ltd ACC Ltd
Price 796.15 9,652.55 608.85 25,491.15 2,468.30
% Change -0.44 -1.68 -2.69 -0.46 -2.23
Mcap Cr 9,368.30 278,656.57 133,805.50 91,974.62 46,351.47
Revenue TTM Cr 6,451.50 61,326.50 28,965.46 17,852.33 16,151.67
Net Profit TTM Cr 369.11 4,916.88 3,711.04 1,269.14 1,863.10
PE TTM 22.36 43.43 36.95 40.93 27.68
1 Year Return -1.53 25.42 58.41 -1.96 41.78
ROCE 13.64 12.86 21.37 8.51 18.51
ROE 13.91 9.62 15.43 7.03 13.80
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,803.86 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,771.53 7,735.64
LAST 3M 82,392.14 52,275.07
LAST 6M 132,482.07 84,624.18
LAST 12M 206,189.80 211,987.34

JK Lakshmi Cement Ltd Information

Stock PE (TTM)
22.36
Promoter Holding
46.31%
Book Value
247.3497
ROCE
13.64%
ROE
13.91%
Registered Address

Basantgarh, Jaykaypuram, Sirohi, Rajasthan, 307019

Tel : 91-2971-242267/242268/244409/244410
Email : jklc.investors:jkmail.com
Website : http://www.jklakshmicement.com
Registrar

MCS Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 500380
NSE Code : JKLAKSHMI
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE786A01032

FAQ’s on JK Lakshmi Cement Ltd Shares

You can buy JK Lakshmi Cement Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy JK Lakshmi Cement Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 12, 2024 04:05 PM the closing price of JK Lakshmi Cement Ltd was ₹ 796.15.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 12, 2024 04:05 PM, the market cap of JK Lakshmi Cement Ltd stood at ₹ 9,368.30.

The latest PE ratio of JK Lakshmi Cement Ltd as of Apr 12, 2024 04:05 PM is 22.36

The latest PB ratio of JK Lakshmi Cement Ltd as of Apr 12, 2024 04:05 PM is 0.31

The 52-week high of JK Lakshmi Cement Ltd share price is ₹ 999.90 while the 52-week low is ₹ 607.20

According to analyst recommendations, JK Lakshmi Cement Ltd Share has a “Buy” rating for the long term.

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