Shutterstock.comAxis Securities has buy call on JK Cement with a target price of Rs 2920. The current market price of JK Cement Ltd. is Rs 2588.9. JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 20022.14 Crore) operating in Cement sector.
JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2287.31 Crore, down -4.42 % from last quarter Total Income of Rs 2392.98 Crore and up 31.34 % from last year same quarter Total Income of Rs 1741.47 Crore. Company reported net profit after tax of Rs 160.86 Crore in latest quarter.
Investment Rationale
With expanded capacity, better pricing increased demand and cooling off in commodity prices the brokerage expects JKCL to report Revenue/EBITDA/APAT CAGR of 14%/15%/11% respectively over FY21-FY24E. Stock is currently trading at 16x and12x FY23E/FY24E EV/EBITDA.
Promoter/FII Holdings
Promoters held 45.84 per cent stake in the company as of 30-Jun-2022, while FIIs owned 16.08 per cent, DIIs 21.07 per cent.
JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2287.31 Crore, down -4.42 % from last quarter Total Income of Rs 2392.98 Crore and up 31.34 % from last year same quarter Total Income of Rs 1741.47 Crore. Company reported net profit after tax of Rs 160.86 Crore in latest quarter.
Investment Rationale
With expanded capacity, better pricing increased demand and cooling off in commodity prices the brokerage expects JKCL to report Revenue/EBITDA/APAT CAGR of 14%/15%/11% respectively over FY21-FY24E. Stock is currently trading at 16x and12x FY23E/FY24E EV/EBITDA.
Promoter/FII Holdings
Promoters held 45.84 per cent stake in the company as of 30-Jun-2022, while FIIs owned 16.08 per cent, DIIs 21.07 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Pick the best stocks for yourself
Powered by
