JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 18563.70 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.
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2392.98 Crore, up 16.37 % from last quarter Total Income of Rs 2056.28 Crore and up 10.37 % from last year same quarter Total Income of Rs 2168.19 Crore. Company reported net profit after tax of Rs 199.65 Crore in latest quarter.
RECOMMENDEDSTORIES FOR YOU
The brokerage broadly maintains FY23-24 EBITDA estimates, with an unchanged TP of Rs2,700 (Mar’23). Its DCF-based TP implies 1-year forward EV/EBITDA of 12x. Maintain Hold as risk-reward appears to be balanced.
Promoters held 45.82 per cent stake in the company as of 31-Mar-2022, while FIIs owned 16.5 per cent, DIIs 20.63 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.