JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 27352.96 Crore) operating in Cement sector.
JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1942.96 Crore, up 11.57 % from last quarter Total Income of Rs 1741.47 Crore and up 16.84 % from last year same quarter Total Income of Rs 1662.95 Crore. Company reported net profit after tax of Rs 149.50 Crore in latest quarter.
Investment Rationale
The brokerage maintains BUY on the stock with a revised target price of Rs4,070/sh (earlier: Rs3,700) based on 14x Dec’23E EV/E. Key risks: lower demand / pricing.
Promoter/FII Holdings
Promoters held 57.62 per cent stake in the company as of 30-Sep-2021, while FIIs owned 17.44 per cent, DIIs 20.04 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.
