JK Cement

₹3835.9 -39.8 | 1%

WEBSITE BSE:532644 NSE : JK CEMENT 10 May, 16:01

Market Cap ₹29639 Cr.

Stock P/E 43.0

P/B 5.7

Current Price ₹3835.9

Book Value ₹ 667.6

Face Value 10

52W High ₹4565.4

Dividend Yield 0.39%

52W Low ₹ 2896.1

Edit Ratio

JK Cement Research see more...

JK Cement: Strong Capacity Addition Plans Ahead

Overview Inc. Year: 1994Industry: Cement & Construction Materials

J.K. Cement Ltd is an India-based holding company. The Company is engaged in production cement and cement merchandise. Its product portfolio includes white cement, wall putty, grey cement. It gives various grey cement, which consist of Portland Pozzolana cement (PPC), ordinary Portland cement (OPC) and Portland slag cement. Its white cement portfolio consists of J.K. White Cement, J.K. Wall Putty, J.K. Waterproof and J.K. Primaxx. It white cement is used for decorative and architectural programs. J.K. Wall Putty is a white cement based pleasant powder, which offers a base for concrete/cement plastered walls and ceilings. J.K. Water Proof is a water repellant powder, which helps to prevent passage of water through pores and capillaries of the concrete. JK PRIMAXX product used for exteriors and interiors. Its grey cement plant are in Rajasthan and Karnataka. Its white cement and white cement-based wall putty plant are positioned in Rajasthan and Madhya Pradesh.

JK Cement Share Price

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Peer Comparison

JK Cement Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	1895	2030	2351	2272	2234	2436	2778	2763	2753	2935
Other Income	48	26	42	15	16	19	38	32	29	38
Total Income	1943	2056	2393	2287	2250	2455	2816	2794	2782	2973
Total Expenditure	1565	1665	1967	1866	1923	2189	2428	2355	2286	2310
Operating Profit	378	391	426	421	327	266	387	439	496	664
Interest	64	71	73	65	67	79	101	109	115	114
Depreciation	84	87	91	106	106	118	129	135	137	140
Exceptional Income / Expenses	0	0	0	0	0	0	0	-15	0	0
Profit Before Tax	230	234	263	250	154	69	158	181	244	409
Provision for Tax	80	93	63	90	43	32	48	67	66	125
Profit After Tax	149	140	200	161	111	37	110	113	178	284
Adjustments	2	3	1	2	1	2	3	1	-0	0
Profit After Adjustments	151	143	201	163	112	39	112	115	178	284
Adjusted Earnings Per Share	19.6	18.5	26	21.1	14.5	5	14.5	14.8	23.1	36.7

JK Cement Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	2912	2796	3407	3786	4021	4854	5259	5802	6606	7991	9720	11229
Other Income	49	48	51	50	100	128	80	85	113	143	87	137
Total Income	2961	2844	3459	3835	4121	4982	5339	5887	6719	8134	9808	11365
Total Expenditure	2355	2443	2957	3239	3297	4066	4424	4588	5067	6508	8406	9379
Operating Profit	606	401	502	596	825	916	915	1299	1652	1625	1402	1986
Interest	140	153	229	305	303	284	261	276	253	270	312	439
Depreciation	129	134	146	197	217	231	241	288	306	342	458	541
Exceptional Income / Expenses	0	0	17	0	-19	-17	0	0	0	0	0	-15
Profit Before Tax	338	114	144	94	286	383	412	734	1093	1013	631	992
Provision for Tax	107	39	2	39	114	98	149	251	390	334	212	306
Profit After Tax	230	75	142	55	172	286	264	483	703	679	419	685
Adjustments	0	2	2	3	6	4	7	9	7	8	7	4
Profit After Adjustments	231	77	144	58	178	290	270	492	710	687	426	689
Adjusted Earnings Per Share	33	11	20.5	8.3	25.4	41.4	35	63.7	91.9	88.9	55.2	89.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	22%	19%	15%	13%
Operating Profit CAGR	-14%	3%	9%	9%
PAT CAGR	-38%	-5%	8%	6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	28%	11%	35%	32%
ROE Average	9%	16%	15%	12%
ROCE Average	11%	16%	15%	13%

JK Cement Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1691	1746	1617	1587	1711	1975	2702	3028	3737	4325	4687
Minority's Interest	5	14	13	10	4	0	-7	-20	-26	-34	-44
Borrowings	1060	2442	2730	2871	2870	2574	2440	2704	2993	2987	4101
Other Non-Current Liabilities	349	380	415	433	545	597	668	1006	1210	1455	1595
Total Current Liabilities	904	1181	1276	1284	1281	1404	1714	1825	2265	2670	2947
Total Liabilities	4008	5763	6050	6185	6411	6550	7516	8542	10180	11403	13285
Fixed Assets	2369	2327	4074	4254	4542	4443	4537	5554	5937	6544	8446
Other Non-Current Assets	563	2081	498	604	390	328	830	753	752	1335	1101
Total Current Assets	1076	1356	1478	1327	1479	1770	2149	2235	3491	3525	3738
Total Assets	4008	5763	6050	6185	6411	6550	7516	8542	10180	11403	13285

JK Cement Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	433	375	409	393	372	130	211	263	39	147	103
Cash Flow from Operating Activities	382	364	256	580	772	883	704	1372	1593	878	1377
Cash Flow from Investing Activities	-527	-1558	-478	-408	-649	-96	-802	-1477	-1347	-996	-2015
Cash Flow from Financing Activities	87	1227	230	-193	-346	-723	173	-113	-137	62	741
Net Cash Inflow / Outflow	-58	33	8	-21	-223	65	74	-218	109	-56	104
Closing Cash & Cash Equivalent	375	409	417	372	130	211	263	39	147	103	257

JK Cement Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	33	11.03	20.54	8.27	25.42	41.41	34.99	63.73	91.85	88.93	55.17
CEPS(Rs)	51.36	29.91	41.18	36.07	55.62	73.92	65.35	99.83	130.62	132.22	113.54
DPS(Rs)	6.5	3	4	4	8	10	10	7.5	15	15	15
Book NAV/Share(Rs)	209.26	218.95	231.24	226.95	244.64	282.42	349.72	391.84	483.61	559.72	606.56
Core EBITDA Margin(%)	16.63	10.97	11.47	12.5	15.57	15.68	15.87	20.92	23.29	16.27	11.84
EBIT Margin(%)	14.25	8.3	9.5	9.12	12.64	13.29	12.81	17.42	20.37	14.08	8.5
Pre Tax Margin(%)	10.07	3.55	3.67	2.14	6.14	7.63	7.84	12.66	16.54	11.12	5.68
PAT Margin (%)	6.88	2.33	3.61	1.26	3.7	5.69	5.01	8.33	10.64	7.46	3.77
Cash Profit Margin (%)	10.72	6.5	7.33	5.77	8.36	10.3	9.6	13.3	15.28	11.22	7.9
ROA(%)	6.08	1.53	2.4	0.9	2.73	4.41	3.75	6.02	7.51	6.29	3.4
ROE(%)	16.79	5.01	9.02	3.42	10.43	15.5	11.27	16.87	20.79	16.85	9.3
ROCE(%)	17.87	7.46	8.15	8.17	11.84	13.42	12.72	16.87	20.01	16.75	10.56
Receivable days	10.84	12.88	13.41	16.23	16.21	15.91	17.11	16.51	17.38	15.79	14.9
Inventory Days	44.89	56.94	50.31	43.22	41.33	41.83	42.12	41.34	39.97	39.37	36
Payable days	140.89	230.52	193.92	134.92	184.51	248.76	226.73	192.91	185.62	186.34	176.14
PER(x)	8.03	21.77	32.5	81.18	36.8	24.55	24.61	14.74	31.51	27.34	52.98
Price/Book(x)	1.27	1.1	2.89	2.96	3.82	3.6	2.46	2.4	5.98	4.34	4.82
Dividend Yield(%)	2.45	1.25	0.6	0.6	0.86	0.98	1.16	0.8	0.52	0.62	0.51
EV/Net Sales(x)	0.98	1.45	2.2	2.02	2.34	1.95	1.74	1.71	3.71	2.79	2.75
EV/Core EBITDA(x)	4.71	10.11	14.9	12.83	11.43	10.35	10.02	7.63	14.86	13.73	19.08
Net Sales Growth(%)	14.34	-3.99	21.87	11.1	6.23	20.69	8.35	10.32	13.87	20.96	21.64
EBIT Growth(%)	11.71	-44.11	39.9	6.78	47.6	13.43	0.94	50.07	33.11	-4.67	-26.44
PAT Growth(%)	32.01	-67.48	89.36	-61.36	213.61	66.07	-7.69	83.36	45.45	-3.4	-38.3
EPS Growth(%)	32.19	-66.57	86.18	-59.72	207.22	62.92	-15.51	82.14	44.14	-3.18	-37.95
Debt/Equity(x)	0.94	1.82	2	2.09	1.94	1.49	1.1	1.08	0.91	0.89	1.07
Current Ratio(x)	1.19	1.15	1.16	1.03	1.15	1.26	1.25	1.22	1.54	1.32	1.27
Quick Ratio(x)	0.68	0.69	0.73	0.65	0.72	0.84	0.9	0.85	1.23	0.88	0.94
Interest Cover(x)	3.41	1.75	1.63	1.31	1.94	2.35	2.58	3.66	5.32	4.76	3.02
Total Debt/Mcap(x)	0.74	1.66	0.69	0.71	0.51	0.41	0.45	0.45	0.15	0.21	0.22

JK Cement Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	51.5	45.82	45.84	45.84	45.83	45.83	45.8	45.8	45.7	45.7
FII	17.72	16.47	16.06	15.61	15.86	15.52	15.48	14.38	15.24	15.9
DII	19.82	20.66	21.09	21.92	21.88	22.49	23.17	24.29	24.05	23.4
Public	10.96	17.06	17.01	16.63	16.43	16.16	15.54	15.54	15.01	15
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	3.98	3.54	3.54	3.54	3.54	3.54	3.54	3.54	3.53	3.53
FII	1.37	1.27	1.24	1.21	1.23	1.2	1.2	1.11	1.18	1.23
DII	1.53	1.6	1.63	1.69	1.69	1.74	1.79	1.88	1.86	1.81
Public	0.85	1.32	1.31	1.28	1.27	1.25	1.2	1.2	1.16	1.16
Others	0	0	0	0	0	0	0	0	0	0
Total	7.73	7.73	7.73	7.73	7.73	7.73	7.73	7.73	7.73	7.73

Pros

Debtor days have improved from 186.34 to 176.14days.

Cons

Promoter holding is low: 45.7%.
Stock is trading at 5.7 times its book value.
The company has delivered a poor profit growth of 7% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

JK Cement News

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JK Cement

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JK Cement Research see more...

Overview Inc. Year: 1994Industry: Cement & Construction Materials

JK Cement Share Price

Alert Data

Quarterly Price

Peer Comparison

JK Cement Quarterly Results

JK Cement Profit & Loss

Growth Rates

JK Cement Balance Sheet

JK Cement Cash Flow

JK Cement Ratios

JK Cement Shareholding Pattern

JK Cement News

IPO

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