JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 18546.31 Crore) operating in Cement sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 1832.71 Crore, up 12.13 % from last quarter Sales of Rs 1634.40 Crore and up 24.52 % from last year same quarter Sales of Rs 1471.78 Crore Company reported net profit after tax of Rs 217.29 Crore in latest quarter.
Investment Rationale
The brokerage keeps earnings estimate broadly unchanged and reiterate Buy rating on a 24% EPS CAGR over FY21–23E, driven by a 12% CAGR in volumes.
Promoter/FII Holdings
Promoters held 57.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 15.4 per cent, DIIs 21.6 per cent and public and others 5.2 per cent.
