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JK Cement Ltd. Stock Analysis

Mid Cap
Evaluated by 1501 users | BSE: 532644 | NSE: JKCEMENT |
Cement & Construction Materials
J.K.Cement started its commercial production in May 1975 in its first plant Nimbahera in Rajasthan. The company was incorporated in the year 1994.Today J. K. Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The...

Analysis of Financial Track Record

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 5.56%10.45%11.65%5.78%7.41%6.67%9.24%11.68%9.85%12.63%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,0942,5472,9122,7963,3573,5553,7564,5914,9815,464
Y-o-Y Gr. Rt.-21.6%14.3%-4%20.1%5.9%5.6%22.3%8.5%9.7%
Adjusted EPS (Rs.) 8.6126.3833.6213.8622.2113.8831.1450.7542.0670.88
Y-o-Y Gr. Rt.-206.4%27.5%-58.8%60.3%-37.5%124.4%63%-17.1%68.5%
Book Value per Share (Rs.) 163.92184.32210.24220.71235.47241.72267.64307.08374.38404.94
Adjusted Net Profit 60.218423596.915597.1218355325548
Net Op. Cash Flow (Rs. Cr.) 2565223841874345897127907111,092
Debt to Cash Flow from Ops 5.142.333.3112.386.014.493.712.983.322.53
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
JK Cement Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 11.2%10.2%13.3%9.7%
Adjusted EPS 26.4%26.1%31.5%68.5%
Book Value per Share 10.611.514.88.2
Share Price 32.8% 18.2% 16% 40.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 4.3712.614.575.619.125.8212.2317.6612.918.19
Operating Profit Margin (%) 13.3420.3819.3113.4313.8814.6318.4716.616.3422.22
Net Profit Margin (%) 2.877.248.073.474.632.735.87.736.5210.02
Debt to Equity 1.150.940.871.51.581.561.411.10.820.88
Working Capital Days 95899111210196918997109
Cash Conversion Cycle 222533443727134918
Entity Percentage Holding
Promoters 58.07%
Institutions 36.75%
Non-Institutions 5.19%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of JK Cement and arrived at the following conclusion:

Past 10 year's financial track record indicates that JK Cement is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of JK Cement's performance infers:

JK Cement earnings have grown by 26.1%, whereas share price has appreciated 18.2% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of JK Cement share prices over the last 10 years. Here is what we found out:

JK Cement share price has appreciated 24.3% annually over the past ten years.

J.K.Cement started its commercial production in May 1975 in its first plant Nimbahera in Rajasthan. The company was incorporated in the year 1994.

Today J. K. Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The company exports white

J.K.Cement started its commercial production in May 1975 in its first plant Nimbahera in Rajasthan. The company was incorporated in the year 1994.

Today J. K. Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The company exports white cement to countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and Nepal.

The company has two manufacturing facilities located at Nimbahera and Mangrol in the state of Rajasthan. The company produces white cement and its production unit is located in Gotan at Rajasthan.

During August 2009, Allahabad HC had sanctioned the scheme of amalgamation of Jaykaycem a wholly owned subsidiary with the company. Jaykaycem was implementing 3 million tones per annum Green Field Grey Cement Plant at Mudhol, District Bagalkot, Karnataka state which was at final stage of implementation. The installed capacity of grey cement of JK Cement with the merger increased to 7.5 million tones per annum.

These plants have received various certifications ISO-9001:2000 for quality management system, ISO-14001:2004 for environment management systems and OHSAS-18001:2005 for occupational health and safety systems.

Products

J K Cement produces ordinary Portland cement of 53-grade, 43-grade and 33-grade. It markets these cements under the brand name J K cement and Sarvashakitman.

It also manufactures Portland Pozzolana Cement and markets it under the name J K Super.

It markets white cement under the name J K White and Camel.

J.K. Cement has introduced water repellent material in powder form. It has also introduced white cement based putty for plastering walls and ceiling and sells the same under the name JK Wall Puty.

Awards

2011- Productivity Excellence Award, 2010-11from the Rajasthan State Productivity Council.
2012 - Its Maliakhera Mine was awarded the first prize in Mine Lighting & Electrical Installation and Storage, Transport, Handling & Use of Explosives (2012)
Nimbahera Mine - Awarded the first prize in Maintenance of Mine Plans, Sections & Statutory Records and second prize in Publicity, Propaganda & House Keeping (2012)

Tilakhera Mines - Awarded first prize in Publicity, Propaganda & House Keepingand second prize in Maintenance of Mine Plans, Sections & Statutory Records (2012)

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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