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JKLAKSHMI Consensus Forecast

No. of reports in last year
8
No. of analysts
6
Average Consensus Forecast
457.38
Consensus Potential
-62.36%

JKLAKSHMI Price Target Potential

BrokerageTargetPotential
ICICIdirect.com575-22.62%
Prabhudas Lilladher640-10.16%
Sharekhan525-34.30%
Motilal Oswal440-60.24%
Geojit Financial Services370-90.55%

JKLAKSHMI Targets in FrontPage Forums

3 Users have submitted 3 trade ideas of Rs. 43,366.9 for JKLAKSHMI
100% Bullish
0% Bearish
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JKLAKSHMI Ratings

Long term JKLAKSHMI rating by FrontPage users
4.5/5 (4 Ratings)

8 JKLAKSHMI share price target reports by brokerages below. See what is analyst's view on JKLAKSHMI share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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JKLAKSHMI Share Price Target

JKLAKSHMI Share Price Target - Broker Reports - 2021

23-May-21
Price @ Call: 492
Target: 575
BUY
21-May-21
Price @ Call: 493.4
Target: 640
BUY
4-Mar-21
Price @ Call: 434.15
Target: 525
BUY
3-Feb-21
Price @ Call: 357.79
Target: 440
BUY
2-Feb-21
Price @ Call: 347.13
Target: 425
BUY

JKLAKSHMI Share Price Target - Broker Reports - 2020

12-Nov-20
Price @ Call: 301.5
Target: 370
BUY
6-Nov-20
Price @ Call: 290.19
Target: 370
BUY
21-Sep-20
Price @ Call: 274.55
Target: 314
BUY
22-May-20
Price @ Call: 209.13
Target: 238
BUY
JK Lakshmi Cement (JKLC) has reported good set of numbers for 4QFY20 with revenue and EBITDA of Rs10.6bn and Rs2bn, respectively, which were ahead of our as well as consensus estimates. The company has reported substantial drop in volume at 16% YoY whereas pricing has been better with 7.9% YoY growth (flat QoQ). JKLC’s high exposure to markets in Gujarat and Chhattisgarh is a concern in our view given the weak demand and pricing environment in these two states. The company is operating at full clinker capacity utilization but still does third party clinker sales as according to them it is remunerative compared to sale of cement. The debt level has come down from FY19 level in the absence of capex and it is likely to come down further in FY21. The management has deferred its plans of putting up a clinker line in northern markets (either Sirohi or Udaipur) and hence we expect the company to face clinker and therefore volume constraints once the market stabilizes. We believe that regional presence of JKLC is still unfavorable at the moment and hence despite sharp fall in stock price we are not too positive on the stock. We have changed our volume and pricing assumptions and we are now building in much lower volume for FY21. However, compared to earlier estimate our pricing assumption is higher for FY21 now. As a result, our EBITDA estimate for FY21 is lower by 5%. We have also built in the revised capex guidance given by the company for FY21. Our revised target price now stands at Rs238 vs Rs239 earlier. We maintain BUY on the stock but given the low upside, it is not our preferred stock in the sector at the moment.
... Read more
11-May-20
Price @ Call: 197.71
Target: 220
ACCUMULATE
30-Jan-20
Price @ Call: 367.3
Target: 425
ACCUMULATE
JK Lakshmi Cement (JKLC) posted Q3FY20 EBITDA came in line with ours/consensus estimates. Strong profitability in North and Gujarat regions helped company to offset the weakness in Eastern region (25% of total volumes). Tight discipline, bottomed-out demand and limited capacity addition would help sustain margins in North and Gujarat regions. East region would witness flooding of capacity addition over next couple of years. However, we do not see further deterioration in region’s margins given the wafer thin margins (with near nil RoCE for next 3-4 years) and likely consolidation. Commissioning of CPP, WHR and split grinding unit at Odisha further boosted the cost competitiveness of its East operations.
In spite of sharp run-up in the stock price, JKLC continues to remain attractively placed given better outlook on North and Gujarat region, improved margins and reasonable valuations. We increase our EBITDA estimates by 2%/4% for FY21e/FY22e to factor in better margins. We reiterate Accumulate with revised TP of Rs425 (earlier Rs380), EV/EBITDA of 8.5x FY21e (8x earlier).
... Read more

JKLAKSHMI Share Price Target - Broker Reports - 2019

5-Nov-19
Price @ Call: 307.2
Target: 380
ACCUMULATE
The structural issues on logistics side (for Northern operations) continued to affect its ability to exploit the benefit of strong realisations. As the capacity cycle is set to revive strongly in Northern region with series of Greenfield plants (with highly competitive logistics network) are expected to come up in Rajasthan. Upcoming capacities in Gujarat/Northern region and overcapacity in Eastern region would continue to keep JKLC’s margins under pressure. Stock has underperformed significantly over past 5 years due to poor show on margins. As the outlook on its margins continues to remain weak, we maintain Accumulate with TP of Rs380, EV/EBITDA of 8x FY21e.
... Read more
9-Aug-19
Price @ Call: 334.25
Target: 425
BUY
Multiple triggers like higher realisations, cost optimisation and reducing leverage on the back of strong cash flows keep prospects positive. However, we cannot ignore capacity constraint issues, which could hinder growth, going ahead. Thus, we reduce the target multiples valuing JK Lakshmi at 8x FY21E EV/EBITDA and arrive at a target price of | 425/share. We maintain our BUY rating on the stock.
... Read more
9-Aug-19
Price @ Call: 330.06
Target: 380
ACCUMULATE
Realisations drove earnings beat; Maintain Accumulate
Structural issues on logistics side (for Northern operations) curtailed its ability to exploit the benefit of strong realisations. While, Eastern operations remained the playground for intense competition with wafer thin margins. We maintain our margins for FY20E/FY21Eat Rs700/Rs590 as we expect normalization in prices in H2 coupled with focus shifting to volumes. We maintain Accumulate with TP of Rs380 with cut in assigned EV/EBITDA multiple from earlier 9.0x to 8.5x FY21e.
... Read more
8-Jul-19
Price @ Call: 330.71
Target: 481
BUY
Gross debt was Rs 16bn (Rs 21bn a year ago) resulting in (standalone) net D/E of 0.8x (1.1x in FY18). With no capacity expansion announced till now, the de-levering and anticipated improvement in operating performance, we expect profitability and return ratios to improve. We retain our Buy rating, with a target of Rs 481 on 10x FY21e EV/EBITDA.
... Read more
29-May-19
Price @ Call: 392.5
Target: 453
BUY
We expect industry volumes continue to be strong given government’s strong focus on affordable housing & infra which along with improvement in realisation and decline in cost will improve margins. However, our volume assumptions are restricted by lack of major capacity expansions currently. We value JKLC at 9x on FY21E EV/EBITDA and arrive at a target price of Rs453 (earlier Rs331), maintain Buy rating.
... Read more
28-May-19
Price @ Call: 390.7
Target: 485
BUY
Multiple triggers like higher margins led by improving sales mix, focus on optimization of the P&F and freight costs, strong cash flows leading to leaner balance sheet prompt us to have a positive outlook for JK Lakshmi going ahead. We value JK Lakshmi at 10x FY21 EV/EBITDA thus arriving at a target price of Rs 485/share, retaining the BUY rating.
... Read more
27-May-19
Price @ Call: 387.94
Target: 432
ADD
23-May-19
Price @ Call: 368.79
Target: 289
SELL
JKLC has been one of the weak performers (below industry margins) despite its presence in multi-regions. Effectively, we have valued JKLC at a replacement cost of ~Rs4.2bn/mt (~35% discount to Rs7.5bn/mt earlier) to arrive at a fair value. Accordingly, we have retained Sell rating on the stock with a revised target price of Rs289 ( from Rs253 earlier).
... Read more
15-Feb-19
Price @ Call: 305
Target: 490
BUY
12-Feb-19
Price @ Call: 302.05
Target: 335
BUY
12-Feb-19
Price @ Call: 302.05
Target: 386
BUY
12-Feb-19
Price @ Call: 302.05
Target: 320
HOLD

JKLAKSHMI Share Price Target - Broker Reports - 2018

22-Nov-18
Price @ Call: 271.9
Target: 334
BUY
19-Nov-18
Price @ Call: 269.13
Target: 315
BUY
16-Nov-18
Price @ Call: 273.61
Target: 253
SELL
16-Nov-18
Price @ Call: 273.61
Target: 362
BUY
7-Aug-18
Price @ Call: 321.9
Target: 418
BUY
6-Aug-18
Price @ Call: 335.85
Target: 375
BUY
6-Aug-18
Price @ Call: 335.85
Target: 378
BUY
6-Aug-18
Price @ Call: 335.85
Target: 360
HOLD
3-Aug-18
Price @ Call: 325.43
Target: 384
BUY
8-Jun-18
Price @ Call: 334.68
Target: 418
BUY
23-May-18
Price @ Call: 380.54
Target: 451
BUY
19-Apr-18
Price @ Call: 424.59
Target: 550
BUY
23-Mar-18
Price @ Call: 443.05
Target: 550
BUY
5-Mar-18
Price @ Call: 428
Target: 550
BUY
7-Feb-18
Price @ Call: 395.05
Target: 447
ACCUMULATE
3-Feb-18
Price @ Call: 408.37
Target: 470
BUY
31-Jan-18
Price @ Call: 414
Target: 550
BUY

JKLAKSHMI Share Price Target - Broker Reports - 2017

28-Nov-17
Price @ Call: 409.85
Target: 500
BUY
14-Nov-17
Price @ Call: 439.89
Target: 416
SELL
21-Nov-17
Price @ Call: 408.4
Target: 520
BUY
14-Nov-17
Price @ Call: 438.55
Target: 512
BUY
9-Nov-17
Price @ Call: 445.99
Target: 550
BUY
9-Nov-17
Price @ Call: 438.9
Target: 495
BUY
17-Oct-17
Price @ Call: 391.5
Target: 540
BUY
17-Aug-17
Price @ Call: 418.9
Target: 540
BUY
4-Aug-17
Price @ Call: 449
Target: 519
BUY
7-Aug-17
Price @ Call: 448.5
Target: 550
BUY
7-Aug-17
Price @ Call: 449
Target: 495
HOLD
7-Feb-17
Price @ Call: 400
Target: 340
SELL
6-Feb-17
Price @ Call: 399
Target: 455
BUY
7-Feb-17
Price @ Call: 393
Target: 500
BUY

JKLAKSHMI Share Price Target - Broker Reports - 2016

19-May-16
Price @ Call: 364.07
Target: 415
BUY
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  • JKLAKSHMI Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3733.28
    Upside Target 2723.92
    Upside Target 1710.18
    Pivot700.82
    Downside Target 1687.08
    Downside Target 2677.72
    Downside Target 3663.98
  • JKLAKSHMI Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3795.65
    Upside Target 2758.45
    Upside Target 1727.45
    Pivot690.25
    Downside Target 1659.25
    Downside Target 2622.05
    Downside Target 3591.05
  • JKLAKSHMI Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3666.2
    Upside Target 2630.45
    Upside Target 1603.95
    Pivot568.2
    Downside Target 1541.7
    Downside Target 2505.95
    Downside Target 3479.45
  • JKLAKSHMI Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3723.92
    Upside Target 2715.09
    Upside Target 1709.64
    Pivot700.82
    Downside Target 1691.99
    Downside Target 2686.54
    Downside Target 3677.72
  • JKLAKSHMI Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3758.45
    Upside Target 2732.4
    Upside Target 1716.3
    Pivot690.25
    Downside Target 1664.2
    Downside Target 2648.1
    Downside Target 3622.05
  • JKLAKSHMI Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3630.45
    Upside Target 2606.67
    Upside Target 1591.98
    Pivot568.2
    Downside Target 1544.42
    Downside Target 2529.73
    Downside Target 3505.95
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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