Time period given by analyst is one year when JK Cement Ltd. price can reach defined target.
JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 21721.26 Crore) operating in Cement sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2168.19 Crore, up 16.39 % from last quarter Total Income of Rs 1862.94 Crore and up 37.84 % from last year same quarter Total Income of Rs 1572.95 Crore. Company reported net profit after tax of Rs 214.31 Crore in latest quarter.
Investment Rationale
The brokerage expects JKCE to deliver above-industry volume CAGR of 12% over FY21-23E on account of its expansion in North India. The announced expansion at Panna should continue to drive market share gains in the long term as well as improve its regional mix in favor of North/Central India. It should help the company move down the cost curve by lowering power and fuel and other costs.
Promoter/FII Holdings
Promoters held 57.7 per cent stake in the company as of March 31, 2021, while FIIs held 16.9 per cent, DIIs 20.6 per cent and public and others 4.9 per cent.
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