JK Lakshmi Cement’s key merchandise/income segments embody Cement & Clinker, Constructing Merchandise and Different Working Income for the 12 months ending 31-Mar-2024.
Financials For the quarter ended 31-12-2024, the corporate has reported a Consolidated Complete Revenue of Rs 1505.87 crore, up 21.18% from final quarter Complete Revenue of Rs 1242.67 crore and down -12.43% from final 12 months identical quarter Complete Revenue of Rs 1719.54 crore. The corporate has reported web revenue after tax of Rs 62.75 crore within the newest quarter. The corporate’s prime administration contains Mr.Bharat Hari Singhania, Mr.Ravi Jhunjhunwala, Mr.Sadhu Ram Bansal, Mrs.Bhaswati Mukherjee, Mr.N G Khaitan, Dr.Raghupati Singhania, Mr.Arun Kumar Shukla, Mrs.Vinita Singhania, Mr.Bharat Hari Singhania, Mrs.Shwetambara Shardul Shroff Chopra, Mr.Ravi Jhunjhunwala, Mr.Sadhu Ram Bansal, Mrs.Bhaswati Mukherjee, Mr.N G Khaitan, Dr.Raghupati Singhania, Mr.Arun Kumar Shukla, Mrs.Vinita Singhania, Mrs.Shwetambara Shardul Shroff Chopra. Firm has S S Kothari Mehta & Co as its auditors. As on 31-12-2024, the corporate has a complete of 12 Crore shares excellent.
Funding RationaleHDFC Securities stays optimistic on JK Lakshmi Cement’s development prospects (each on quantity and margin). Thus, they estimate the corporate to ship a 6% consolidated quantity CAGR throughout FY24-27E (regardless of flattish FY25E). This means a 9% quantity CAGR throughout FY25-27E. Subsequently, the brokerage estimates unit EBITDA to rebound from a six-year low of Rs 648 per MT in FY25E to rs 863/968 per MT in FY26/27E. Moreover, they estimate its consolidated web debt to EBITDA to chill off to stay below 2x throughout FY26/27E. HDFC Securities presently values JK Lakshmi Cement at 9x its FY27E consolidated EBITDA. They keep a BUY ranking with an unchanged goal worth of Rs 872/share. Promoter/FII Holdings Promoters held 46.34 per cent stake within the firm as of 31-Dec-2024, whereas FIIs owned 11.93 per cent, DIIs 25.2 per cent.
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