JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 5088.64 Crore) operating in Cement sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1280.22 Crore, up 11.36 % from last quarter Total Income of Rs 1149.60 Crore and up 17.14 % from last year same quarter Total Income of Rs 1092.91 Crore. Company reported net profit after tax of Rs 118.44 Crore in latest quarter.
Investment Rationale
JK Lakshmi is a predominantly north India cement company with capacity of 13.3 Mn Mt. Currently, north India is favorable location for the cement industry as it is consolidated to a large extent as well as demand and supply outlook is better compared to other locations. Q1FY21 numbers of the Company were better compared to its peers due to favorable regional presence. It is also trading at a significant discount compared to other north based cement company such as JK Cement as well as historical valuation.
Promoter/FII Holdings
Promoters held 46.2 per cent stake in the company as of Dec 30, 2020, while FIIs held 10.7 per cent, DIIs 24.7 per cent and public and others 18.4 per cent
