ICICI Securities has buy call on JK Lakshmi Cement with a target price of Rs 475. The current market price of JK Lakshmi Cement Ltd. is Rs 338.1.
JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 3953.13 Crore) operating in Cement sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1131.74 Crore, up 24.16 % from last quarter Sales of Rs 911.54 Crore and up 11.79 % from last year same quarter Sales of Rs 1012.36 Crore. Company reported net profit after tax of Rs 92.95 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 46.2 per cent stake in the company as of Sept 30, 2020, while FIIs held 9.9 per cent, DIIs 23.6 per cent and public and others 20.3 per cent.
