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JK Lakshmi Cement Ltd Stock Analysis

Small Cap
Evaluated by 1625 users | BSE: 500380 | NSE: JKLAKSHMI |
Cement & Construction Materials
JK Lakshmi cement, an ISO 9002 certified company, started its operation in the year 1938 in Sirohi district located in Rajasthan. It manufactures wide range of cement. It is part of diversified JK Group having business ventures in various segments such as paper, tyres, sugar, agri genetics and...

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 Lakshmi Cement Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 4.41%7.43%9.17%5.08%6.09%3.63%5.25%5.5%5.71%11.11%
Value Creation Index -0.68-0.47-0.32NANANANANANANA
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,3221,7182,0552,0572,3072,6202,9103,4123,8824,044
Y-o-Y Gr. Rt.-29.9%19.6%0.1%12.2%13.6%11.1%17.2%13.8%4.2%
Adjusted EPS (Rs.) 3.728.0213.897.3610.56-1.773.894.664.8220.02
Y-o-Y Gr. Rt.-115.6%73.2%-47%43.5%-116.8%NA19.8%3.4%315.4%
Book Value per Share (Rs.) 84.2990.93103.98109.54113.08110.43117.09123.23129.2145.38
Adjusted Net Profit 45.598.216486.6124-20.845.854.956.7236
Net Op. Cash Flow (Rs. Cr.) 174378332355352298363456689541
Debt to Cash Flow from Ops 5.712.834.024.65.46.435.984.432.342.71
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 Lakshmi Cement Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 13.2%11.9%11.6%4.2%
Adjusted EPS 20.6%13.7%72.7%315.4%
Book Value per Share 6.25.27.512.5
Share Price 27% 2.1% -4.1% 28.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 4.48.8413.436.759.43-1.583.413.873.8114.56
Operating Profit Margin (%) 14.4319.5420.8614.6815.1510.3812.6812.0610.6916.63
Net Profit Margin (%) 3.445.717.964.215.39-0.791.571.611.465.83
Debt to Equity 0.970.961.091.271.431.471.581.391.060.86
Working Capital Days 103979796978773686064
Cash Conversion Cycle 107111987-3-9
Entity Percentage Holding
Promoters 46.21%
Institutions 33.49%
Non-Institutions 20.29%
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 Lakshmi Cement Ltd and arrived at the following conclusion:

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

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

JK Lakshmi Cement Ltd earnings have grown by 13.7%, whereas share price has appreciated 2.1% 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 Lakshmi Cement Ltd share prices over the last 10 years. Here is what we found out:

JK Lakshmi Cement Ltd share price has appreciated 21% annually over the past ten years.

JK Lakshmi cement, an ISO 9002 certified company, started its operation in the year 1938 in Sirohi district located in Rajasthan. It manufactures wide range of cement. It is part of diversified JK Group having business ventures in various segments such as paper, tyres, sugar, agri genetics and clinic research. The group has a turnover of Rs 1500 crore.

The company has a network of 70 cement dumps and over 2200 dealers spread across the states of Rajasthan, Gujarat, Delhi, Haryana, U.P,

JK Lakshmi cement, an ISO 9002 certified company, started its operation in the year 1938 in Sirohi district located in Rajasthan. It manufactures wide range of cement. It is part of diversified JK Group having business ventures in various segments such as paper, tyres, sugar, agri genetics and clinic research. The group has a turnover of Rs 1500 crore.

The company has a network of 70 cement dumps and over 2200 dealers spread across the states of Rajasthan, Gujarat, Delhi, Haryana, U.P, Uttaranchal, Punjab, J&K, Mumbai and Pune. The combined capacity of the Company today stands at 4.75 MT per annum.

It became first cement manufacturer in north India to introduce colour bags to promote its product. The company's product is chosen for various important projects such as IGNP, Sardar Sarvorar Dam and also by major corporations like L&T, Reliance, Essar and Airport Authority of India.

JK Lakshmi Cement's manufacturing facility has been rated amongst Greenest Cement Plant of India by CSE GRP 2005.

Products

Cement- It has annual  production capacity of 3.5 million tonnes of cement. It manufactures 53 and 43 grade OPC quality cement. It also 53 grade blended cement

Plaster- It also manufactures plaster of paris and markets it under the name JK Lakshmiplast.

It also manufactures Ready mix cement (RMC) and markets it under JK Lakshmi Power Mix.

Awards


MTM Corporate Star Award 2013 for JK Lakshmi Cement 

Best HR Practices award for the year 2012-13 

JK Lakshmi Cement wins the safety innovation award - 2013 

JK Lakshmi Cement receives the Greentech Safety Gold Award - 2013

Outstanding performance of Quality Circles of JK Lakshmi Cement Limited - Jaykaypuram at the chapter convention on Quality Circles CCQC 2013

JK Lakshmi cement received award from National Council for Cement and Building Materials for best environment excellence in plant operation.

The company was honoured by ICWAI National Award for Excellence in Cost Management - 2007 for its relentless efforts of cost reduction over period of years.

The company received Golden peacock for its corporate social responsibility.

The Pinnacle Cement 2006 award by MTech Zee TV, Green Tech Safety Award and a place of pride amongst the top ten companies in India in HR practices. (as per the Business Today- TNS Mercer survey). 




Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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