JK Cement Ltd - Stock Valuation and Financial Performance

BSE: 532644 | NSE: JKCEMENT | Cement & Construction Materials | Mid Cap

JK Cement Share Price

4,334.25 -5.85 -0.13%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on JK Cement

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

JK Cement stock performance -

mw4me loader
P/E Ratio (SA):
40.36
Market Cap:
33,524.8 Cr.
52-wk low:
3,000.1
52-wk high:
4,598

Is JK Cement Ltd an attractive stock to invest in?

1. Is JK Cement Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that JK Cement Ltd is a average quality company.

2. Is JK Cement Ltd undervalued or overvalued?

The key valuation ratios of JK Cement Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is JK Cement Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of JK Cement Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of JK Cement:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
JK Cement Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 7.4%6.7%9.4%11.7%9.9%12.6%12.5%11.6%8.4%11.4%-
Value Creation
Index
-0.5-0.5-0.3-0.1-0.3-0.10.10.0-0.30.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,3573,5553,7564,5914,9815,4646,3287,6799,31010,91810,918
Sales YoY Gr.-5.9%5.6%22.3%8.5%9.7%15.8%21.3%21.3%17.3%-
Adj EPS 22.213.931.950.842.170.981.68466.2108.8107.5
YoY Gr.--37.5%129.5%59.3%-17.1%68.5%15.2%2.9%-21.2%64.3%-
BVPS (₹) 235.5241.7267.6307.1374.4404.9483.1550.3600.5692.8692.8
Adj Net
Profit
15597.1223355325548631649511840831
Cash Flow from Ops. 4345897127907111,0991,5691,0091,4021,895-
Debt/CF from Ops. 64.53.733.32.51.93.23.52.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14%17%19.9%17.3%
Adj EPS 19.3%20.9%10%64.3%
BVPS12.7%13.1%12.8%15.4%
Share Price 27.8% 34.9% 10.4% 31.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
9.15.812.517.712.918.218.416.311.516.815.5
Op. Profit
Mgn %
13.914.618.516.616.322.224.719.714.318.518.4
Net Profit
Mgn %
4.62.75.97.76.510108.55.57.77.6
Debt to
Equity
1.61.61.41.10.80.90.80.81.110.8
Working Cap
Days
101969188961091171061029663
Cash Conv.
Cycle
3727134918151615815

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.50%

Sales growth is growing at healthy rate in last 3 years 19.94%

Net Profit is growing at healthy rate in last 3 years 10.03%

Debt to equity has declined versus last 3 years average to 0.97

Sales growth is good in last 4 quarters at 17.65%

No data to display

Latest Financials - JK Cement Ltd.

Standalone Consolidated
TTM EPS (₹) 107.5 102.4
TTM Sales (₹ Cr.) 10,918 11,556
BVPS (₹.) 692.8 694.6
Reserves (₹ Cr.) 5,276 5,290
P/BV 6.26 6.25
PE 40.36 42.39
From the Market
52 Week Low / High (₹) 3000.05 / 4598.00
All Time Low / High (₹) 34.80 / 4598.00
Market Cap (₹ Cr.) 33,525
Equity (₹ Cr.) 77.3
Face Value (₹) 10
Industry PE 47.4

Management X-Ray of JK Cement:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of JK Cement

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales3,3573,5553,7564,5914,9815,4646,3287,6799,31010,918
Operating Expenses 2,8933,0363,0693,8314,1714,2824,8146,1977,9909,317
Manufacturing Costs1,1101,0769981,2991,4781,4291,5602,1893,1403,255
Material Costs5566766357738388651,0531,2711,5441,718
Employee Cost 203235275325354391412504575710
Other Costs 1,0241,0491,1611,4331,5021,5971,7892,2322,7313,634
Operating Profit 4645206867618101,1821,5141,4821,3201,601
Operating Profit Margin (%) 13.8%14.6%18.3%16.6%16.3%21.6%23.9%19.3%14.2%14.7%
Other Income 5157107128808611314385539
Interest 219271273245222223223249296437
Depreciation 137164176186194214245282392486
Exceptional Items 00-19-170-178-167-1300-6
Profit Before Tax 1591423244404746529939647181,212
Tax 23911498149252390333215382
Profit After Tax 157103211342325400603631503831
PAT Margin (%) 4.7%2.9%5.6%7.4%6.5%7.3%9.5%8.2%5.4%7.6%
Adjusted EPS (₹)22.414.830.148.942.151.878.081.665.1107.5
Dividend Payout Ratio (%)18%27%27%20%24%14%19%18%23%19%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,6471,6901,8722,1472,8933,1293,7334,2524,6405,353
Share Capital 70707070777777777777
Reserves 1,5771,6201,8022,0772,8163,0523,6564,1744,5625,276
Minority Interest0000000000
Debt2,4222,4972,4502,1832,1162,4232,7872,8384,4804,762
Long Term Debt2,1592,3022,2822,0701,9562,2842,6722,4764,1014,177
Short Term Debt263195167114160139115363379585
Trade Payables229281378643407453550669753809
Others Liabilities 1,0501,0961,1441,1041,6342,0222,4062,5832,9513,360
Total Liabilities 5,3485,5645,8436,0787,0518,0269,47610,34212,82314,285

Fixed Assets

Gross Block4,2344,5864,8864,9515,1776,1806,7207,4959,80110,997
Accumulated Depreciation8961,0641,2061,3551,5411,7121,9112,1282,4992,916
Net Fixed Assets3,3383,5233,6803,5973,6354,4684,8095,3687,3018,082
CWIP 1911521058855650948971590415
Investments 3154375366351,0055668071,7451,0161,471
Inventories5104294985325586276871,1148641,068
Trade Receivables139166148188202223316398411460
Cash Equivalents 4083684275444306311,162283813778
Others Assets4474894494966651,0011,2081,3651,8292,011
Total Assets 5,3485,5645,8436,0787,0518,0269,47610,34212,82314,285

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 4345897127907111,0991,5691,0091,4021,895
PBT 1591423244404746529939647181,212
Adjustment 308367439398373571576561601780
Changes in Working Capital 22110955-3728196-30224654
Tax Paid -35-31-60-102-98-153-196-213-162-152
Cash Flow From Investing Activity -458-390-655-131-863-1,311-1,515-906-2,072-1,740
Capex -485-316-287-120-613-981-615-448-1,534-1,101
Net Investments -11-116-3176-208-278-819311-206-546
Others 3842-52-17-42-52-81-769-332-93
Cash Flow From Financing Activity 84-215-302-59820711-6-123811-297
Net Proceeds from Shares 000050400000
Net Proceeds from Borrowing 22315028-235-41423244-11,20043
Interest Paid -217-265-269-241-218-224-221-247-278-420
Dividend Paid 0-34-28-56-70-1350-116-116-116
Others 77-67-33-6532-52-292406196
Net Cash Flow 60-16-2466155-20148-19142-142
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)9.846.1911.8417.0112.8913.317.5715.811.3116.62
ROCE (%)9.339.6213.515.214.2715.7119.2917.0911.916.42
Asset Turnover Ratio0.740.760.770.80.760.720.720.890.920.93
PAT to CFO Conversion(x)2.765.723.372.312.192.752.61.62.792.28
Working Capital Days
Receivable Days12131313141416151413
Inventory Days49413939404038373428
Payable Days126125184241229181174175168166

JK Cement Ltd Stock News

JK Cement Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of JK Cement on 12-Jul-2024 16:01 is ₹4,334.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Jul-2024 16:01 the market cap of JK Cement stood at ₹33,524.8.
The latest P/E ratio of JK Cement as of 12-Jul-2024 16:01 is 40.36.
The latest P/B ratio of JK Cement as of 12-Jul-2024 16:01 is 6.26.
The 52-week high of JK Cement is ₹4,598 and the 52-week low is ₹3,000.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JK Cement is ₹10,918 ( Cr.) .

About JK Cement Ltd

A leading cement manufacturer in the country, JK Cement Limited is an affiliate of the multi-disciplinary industrial conglomerate JK Organisation, which was founded by LalaKamlapat Singhania. The company’s operations commenced with commercial production at its first grey cement plant at Nimbahera, Rajasthan in May 1975. Subsequently, the company also set up 2 more units in Rajasthan at Mangrol and Gotan. In the year 2009, the company extended its footprint by setting up a green-field unit in Muddapur, Karnataka giving it access to the markets of south-west India. In the year 2014, the company further expanded its capacity in the north with brownfield expansion of 1.5 MnTPA integrated unit at Mangrol and split grinding unit of 1.5 MnTPA at Jhajjar. The new grinding units in Aligarh and Balasinor further strengthening JK Cement's growing footprints and making it one of the top cement manufacturers in the country.

JK Cement was the first company to install a captive power plant in the year 1987 at Bamania, Rajasthan and the first cement company to install a waste heat recovery power plant to take care of the need of green power. It is steadily enhancing its capacity, diversifying range of products, ushering in advanced technology and quality assurance, and above all, expanding its presence nationally and internationally. Its brands continue to enjoy the trust of millions of consumers for the high quality and innovation benchmarks that it has attained. Superior products and a strong Brand name, an extensive marketing and distribution network and the technical know-how represent JK Cement's abiding strengths.

Business area of the company

J.K. Cement Limited is engaged in cement business. The Company produces grey cement, white cement and water proof. The Company manufactures grey cement in two facilities located at Nimbahera and Mangrol in the state of Rajasthan in Northern India. Grey cement produced by it consists of ordinary portland cement (OPC) and portland pozzolana cement (PPC). OPC has three grades, which consist of 53-grade, 43-grade and 33-grade. Its cement products are marketed under the brand names: J.K. Cement and Sarvashaktiman for OPC products; J.K. Super for PPC products, and J.K. White and Camel for white cement products.

Awards and Recognitions

Financial Year 2019-2020

  • JK Cement SwachhAbility Run bags CSR Campaign of the year and Build Safe (JK Super Cement) awarded the Best Social Media Campaign at Realty Awards in association with IGBC
  • JK Cement Ltd. honored with the title of 'India's Best Company of the year 2017
  • Golden Peacock Eco-Innovation Award
  • Gold at ACEF for SwachhAbility Run
  • Gold at ACEF for 'Bal Sabha at Diggi Mela'
  • Five Star Rating by IBM for Mangrol Mines
  • Brand Revitalization Award by GMEA
  • Best Place to Work in Cement Industry by IHRC
  • 2nd prize for 'Best Energy Efficiency Organization' by CII
  • Certificate of Excellence Gotan
  • Certificate of Excellence Nimbahera
  • Dr.Gaur HariSinghania Chairman, JK Cement Ltd being honoured with Lifetime Achievement Award by Justice Virendra Jain

Financial Year 2020-2021

  • Brand of the Year' in the 'Cement & Concrete' segment at Realty+ Interior and Exterior Awards 2020.
  • Prestigious Brands of Asia 2019 Award at Global Business Symposium, Malaysia.
  • The Prestigious Super brand Award for JK Wall Putty and JK White Cement.
  • 'Top Rankers Excellence Award for Marketing Leadership' by Top Rankers Management Club.
  • 9th Global Customer Engagement Awards for the JK Cement WallMaxX TVC.
  • JK Super Cement recognized by the Madhya Pradesh Police for 'Best initiative for Improved Road Safety'.
  • GERA Excellence Award 2019 (Global Entrepreneurship Recognition Award) for Innovative CSR Best Practices.
  • JK Super Cement conferred with 'Safety Campaign of the Year' and 'Long-term Rural Engagement Program of the Year' at ACEF Asian Leaders Awards 2019.
  • JK Cement awarded with the Best Growth Performance in the Cement category at Dun & Bradstreet Corporate Awards 2019.
  • 'Great Place to Work 2020' certification.
  • Top Challengers 2020 award by Construction World Magazine Awards 2020.
  • Platinum Award from Apex India Foundation for Excellence in Occupational Health & Safety.
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