JK Lakshmi Cement, incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 8753.48 Crore) operating in Cement sector.
JK Lakshmi Cement key Products/Revenue Segments include Cement, Others and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
The company’s top management includes Mr.Bharat Hari Singhania, Mrs.Vinita Singhania, Mr.B V Bhargava, Dr.Raghupati Singhania, Mr.N G Khaitan, Mrs.Bhaswati Mukherjee, Dr.K N Memani, Mr.Ravi Jhunjhunwala, Mr.Arun Kumar Shukla. Company has S S Kothari Mehta & Co as its auditors. As on 31-03-2023, the company has a total of 12 Crore shares outstanding.
Investment Rationale
The brokerage believes the company's stock is trading at an attractive valuation of 6.5x FY25E EV/EBITDA and USD63/t. While the brokerage maintains its standalone estimates, it incorporates consolidated numbers in this note, given the expansion planned in its subsidiary. Motilal values the company at 8.5x FY25E EV/EBITDA to arrive at its TP ofINR870 and reiterate its BUY rating on the stock.
Promoter/FII Holdings
Promoters held 46.31 per cent stake in the company as of 31-Mar-2023, while FIIs owned 11.68 per cent, DIIs 27.93 per cent.
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