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JKLAKSHMI Price Target Potential

BrokerageTargetPotential
Geojit Financial Services470-20.41%
Sharekhan68016.77%
Prabhudas Lilladher66314.64%
ICICIdirect.com69017.98%
Nirmal Bang67516.16%

JKLAKSHMI Ratings

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

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 - 2022

Price @ Call: 404
10-Mar-22
Target: 470
ACCUMULATE
Price @ Call: 529
9-Feb-22
Target: 680
BUY
Price @ Call: 559
4-Feb-22
Target: 663
HOLD
Price @ Call: 560
4-Feb-22
Target: 690
BUY
Price @ Call: 560
4-Feb-22
Target: 675
BUY

JKLAKSHMI Share Price Target - Broker Reports - 2021

Price @ Call: 615
1-Nov-21
Target: 750
BUY
Price @ Call: 615
2-Nov-21
Target: 750
BUY
Price @ Call: 615
2-Nov-21
Target: 670
HOLD
Price @ Call: 653.6
9-Nov-21
Target: 730
ACCUMULATE
Price @ Call: 615
2-Nov-21
Target: 780
BUY
Price @ Call: 615
2-Nov-21
Target: 785
BUY
Price @ Call: 614
1-Nov-21
Target: 585
SELL
Price @ Call: 676
12-Aug-21
Target: 770
BUY
Price @ Call: 640.7
10-Aug-21
Target: 600
REDUCE
Price @ Call: 672
9-Aug-21
Target: 750
BUY
Price @ Call: 492
23-May-21
Target: 575
BUY
Price @ Call: 493.4
21-May-21
Target: 640
BUY
Price @ Call: 434.15
4-Mar-21
Target: 525
BUY
Price @ Call: 357.79
3-Feb-21
Target: 440
BUY
Price @ Call: 347.13
2-Feb-21
Target: 425
BUY

JKLAKSHMI Share Price Target - Broker Reports - 2020

Price @ Call: 301.5
12-Nov-20
Target: 370
BUY
Price @ Call: 290.19
6-Nov-20
Target: 370
BUY
Price @ Call: 274.55
21-Sep-20
Target: 314
BUY
Price @ Call: 209.13
22-May-20
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
Price @ Call: 197.71
11-May-20
Target: 220
ACCUMULATE
Price @ Call: 367.3
30-Jan-20
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

Price @ Call: 307.2
5-Nov-19
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
Price @ Call: 334.25
9-Aug-19
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
Price @ Call: 330.06
9-Aug-19
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
Price @ Call: 330.71
8-Jul-19
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
Price @ Call: 392.5
29-May-19
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
Price @ Call: 390.7
28-May-19
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
Price @ Call: 387.94
27-May-19
Target: 432
ADD
Price @ Call: 368.79
23-May-19
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
Price @ Call: 305
15-Feb-19
Target: 490
BUY
Price @ Call: 302.05
12-Feb-19
Target: 335
BUY
Price @ Call: 302.05
12-Feb-19
Target: 386
BUY
Price @ Call: 302.05
12-Feb-19
Target: 320
HOLD

JKLAKSHMI Share Price Target - Broker Reports - 2018

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

JKLAKSHMI Share Price Target - Broker Reports - 2017

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

JKLAKSHMI Share Price Target - Broker Reports - 2016

Price @ Call: 364.07
19-May-16
Target: 415
BUY
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