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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of J K Cements Ltd

About the Company - J K Cements Ltd

JK Cement Ltd. is a Public Limited Listed company incorporated on 24/11/1994 and has its registered office in the State of Uttar Pradesh, India. Company’s Corporate Identification Number(CIN) is L17229UP1994PLC017199 and registration number is 017199. Currently Company is involved in the business activities of Manufacture of cement, lime and plaster. Company’s Total Operating Revenue is Rs. 7678.58 Cr. and Equity Capital is Rs. 77.27 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
CementKamla Tower, Kanpur Uttar Pradesh 208001shambhu.singh@jkcement.com
http://www.jkcement.com
Management
NamePosition Held
Mrs. Sushila Devi SinghaniaChairperson
Mr. Nidhipati SinghaniaVice Chairman
Dr. Raghavpat SinghaniaManaging Director
Mr. Madhavkrishna SinghaniaDy.Managing Director & CEO
Mr. Ajay Kumar SaraogiDy.Managing Director & CFO
Mr. Mudit AggarwalDirector
Mr. Paul Heinz HugentoblerDirector
Mr. Ashok SinhaDirector
Mr. Saurabh ChandraDirector
Mr. Ashok Kumar SharmaDirector
Mr. Ajay Narayan JhaDirector
Mr. Sudhir JalanDirector
Mr. Satish Kumar KalraDirector
Mrs. Deepa Gopalan WadhwaDirector

JK Cement Ltd. Share Price Update

Share PriceValue
Today₹4,371.25
Previous Day₹4,340.40

Basic Stock Data of J K Cements Ltd

Market Cap 34,882 Cr.
Current Price 4,514
High / Low4,575/2,708
Stock P/E50.4
Book Value 631
Dividend Yield0.33 %
ROCE10.4 %
ROE9.48 %
Face Value 10.0

Data Source: screener.in

Competitors of J K Cements Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Orient Cement Ltd 4,874 Cr. 238294/10528.0 80.30.63 %12.0 %7.85 % 1.00
Rain Industries Ltd 6,133 Cr. 182220/140 2180.55 %1.93 %10.1 % 2.00
Kakatiya Cement Sugar & Industries Ltd 178 Cr. 230278/180 2921.31 %0.02 %1.92 % 10.0
Panyam Cements & Mineral Industries Ltd 141 Cr. 176176/11.3 1730.00 %31.1 %% 10.0
Sagar Cements Ltd 3,307 Cr. 253305/180108 1210.28 %6.70 %1.27 % 2.00
Industry Average2,926.60 Cr215.8027.20176.860.55%10.35%4.23%5.00

J K Cements Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,8332,1341,7141,8952,0302,3512,2722,2282,4362,7782,7632,7532,935
Expenses1,3821,6901,3111,5651,6651,9671,8661,9232,1892,4282,3552,2862,310
Operating Profit450444403330366384406305247350408467625
OPM %25%21%24%17%18%16%18%14%10%13%15%17%21%
Other Income30342748264215221938172938
Interest665962647173656779101109115114
Depreciation788081848791106106118129135141140
Profit before tax33733928723023426225015469158181241409
Tax %35%37%34%35%40%24%36%28%46%30%37%27%31%
Net Profit21721419015014019916111137110113176284
EPS in Rs28.3927.9424.8419.5918.4726.0321.0614.545.0514.5314.8422.6936.73

J K Cements Ltd Quarterly Chart

J K Cements Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,5452,9072,7903,4014,3624,0104,8545,2595,8026,6067,9919,72011,228
Expenses2,0312,3482,4372,9483,8163,2844,0644,4204,5565,0226,4788,3939,379
Operating Profit5145593534535467267898391,2461,5851,5131,3271,849
OPM %20%19%13%13%13%18%16%16%21%24%19%14%16%
Other Income38474867507911076536711275123
Interest144140153229305303284261276253270312439
Depreciation126129134146197217231241288306342458544
Profit before tax283338114144942863834127341,0931,013631988
Tax %38%32%34%2%41%40%25%36%34%36%33%34%
Net Profit1752307514255172286264483703679419683
EPS in Rs24.9633.0011.0320.548.2725.4241.4134.9963.7391.8588.9355.1888.79
Dividend Payout %20%20%27%19%48%31%24%29%12%16%17%27%

J K Cements Ltd Profit & Loss Yearly Chart

J K Cements Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:15%
3 Years:19%
TTM:21%
Compounded Profit Growth
10 Years:6%
5 Years:7%
3 Years:-5%
TTM:36%
Stock Price CAGR
10 Years:39%
5 Years:44%
3 Years:23%
1 Year:58%
Return on Equity
10 Years:13%
5 Years:15%
3 Years:16%
Last Year:9%

J K Cements Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital70707070707070777777777777
Reserves1,4521,6211,6761,5471,5171,6411,9052,6252,9503,6594,2484,6094,797
Borrowings1,2191,3782,7833,2293,3233,3172,9412,9733,5033,6264,1155,2925,359
Other Liabilities8359391,2341,2051,2751,3831,5411,7372,0112,5092,9633,3063,608
Total Liabilities3,5764,0085,7646,0516,1856,4116,4567,4138,5429,87211,40313,28513,842
Fixed Assets2,3172,3692,3274,0744,2544,5424,4434,5375,5545,9376,5448,2108,832
CWIP902551,7883373211271045745305091,032828478
Investments93268377980119438461422169293
Other Assets1,1601,3521,5821,6031,5321,6621,7891,8632,4123,2833,6124,1554,438
Total Assets3,5764,0085,7646,0516,1856,4116,4567,4138,5429,87211,40313,28513,842

J K Cements Ltd Reserves and Borrowings Chart

J K Cements Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 5203823642565807728837041,3721,5938781,377
Cash from Investing Activity -147-527-1,558-478-408-668-79-825-1,483-1,348-984-1,964
Cash from Financing Activity -261871,227230-193-346-723173-113-13762741
Net Cash Flow112-58338-21-2428152-225108-44154

J K Cements Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days121415191818181817202018
Inventory Days433438466345258292269257288257343225
Days Payable212187378196160222303179205204203188
Cash Conversion Cycle23426610216911688-17961007315955
Working Capital Days-2-2-106-12-7-9-12-1205833
ROCE %16%16%7%8%8%12%14%13%17%20%17%10%

J K Cements Ltd Financial Efficiency Indicators Chart

J K Cements Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters57.65%57.63%57.62%51.50%45.82%45.84%45.84%45.84%45.83%45.80%45.80%45.70%
FIIs16.86%16.90%17.39%17.72%16.47%16.06%15.63%15.88%15.54%15.50%14.40%15.25%
DIIs20.63%20.59%20.10%19.82%20.65%21.09%21.91%21.85%22.46%23.15%24.25%24.01%
Public4.86%4.88%4.89%10.96%17.06%17.01%16.63%16.42%16.17%15.54%15.54%15.00%
No. of Shareholders69,23873,06578,50077,46190,70189,86282,39176,44475,76371,76472,58268,181

J K Cements Ltd Shareholding Pattern Chart

No. of J K Cements Ltd Shareholders

J K Cements Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Kotak Emerging Equity Fund - Regular Plan23186162.31844.8
Mirae Asset Large & Midcap Fund16032561.93584.15
DSP Mid Cap Fund13484123.08491.3
Axis Midcap Fund11064051.71403.12
Kotak Equity Opportunities Fund - Regular Plan8500001.88309.7
SBI Magnum Midcap Fund7137741.8260.07
Mirae Asset Focused Fund6986152.8254.54
Mirae Asset ELSS Tax Saver Fund6561881.27239.09
Mirae Asset Midcap Fund6105211.73222.45
PGIM India Midcap Opportunities Fund5527862.06201.41

J K Cements Ltd ROCE Trend

J K Cements Ltd EPS Trend

J K Cements Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)55.1787.9090.9962.5636.74
Diluted EPS (Rs.)55.1787.9090.9962.5636.74
Cash EPS (Rs.)113.54132.25130.6299.8365.34
Book Value[Excl.RevalReserv]/Share (Rs.)600.81555.29480.28389.22348.78
Book Value[Incl.RevalReserv]/Share (Rs.)600.81555.29480.28389.22348.78
Revenue From Operations / Share (Rs.)1257.981034.17854.96750.84680.57
PBDIT / Share (Rs.)181.41210.34213.75168.09118.40
PBIT / Share (Rs.)122.10166.02174.13130.8287.17
PBT / Share (Rs.)81.70131.12141.4195.0553.38
Net Profit / Share (Rs.)54.2487.9390.9962.5634.12
NP After MI And SOA / Share (Rs.)55.1788.9391.8563.7334.99
PBDIT Margin (%)14.4220.3325.0022.3817.39
PBIT Margin (%)9.7016.0520.3617.4212.80
PBT Margin (%)6.4912.6716.5412.657.84
Net Profit Margin (%)4.318.5010.648.335.01
NP After MI And SOA Margin (%)4.388.5910.748.485.14
Return on Networth / Equity (%)9.0915.8818.9916.2610.00
Return on Capital Employeed (%)9.1214.6916.9915.0411.60
Return On Assets (%)3.206.027.185.763.64
Long Term Debt / Equity (X)0.870.690.800.890.90
Total Debt / Equity (X)1.070.890.840.950.99
Asset Turnover Ratio (%)0.800.750.710.710.74
Current Ratio (X)1.271.321.631.221.27
Quick Ratio (X)0.930.861.240.840.88
Inventory Turnover Ratio (X)1.321.241.401.391.43
Dividend Payout Ratio (NP) (%)27.1816.860.0027.4625.86
Dividend Payout Ratio (CP) (%)13.1011.250.0017.3213.66
Earning Retention Ratio (%)72.8283.140.0072.5474.14
Cash Earning Retention Ratio (%)86.9088.750.0082.6886.34
Interest Coverage Ratio (X)4.496.036.534.703.50
Interest Coverage Ratio (Post Tax) (X)2.343.523.782.752.01
Enterprise Value (Cr.)26704.5122282.8724254.309489.258868.27
EV / Net Operating Revenue (X)2.752.793.671.641.69
EV / EBITDA (X)19.0513.7114.687.319.69
MarketCap / Net Operating Revenue (X)2.322.353.381.251.27
Retention Ratios (%)72.8183.130.0072.5374.13
Price / BV (X)4.824.345.982.402.46
Price / Net Operating Revenue (X)2.322.353.381.251.27
EarningsYield0.010.030.030.060.04

J K Cements Ltd Profitability Ratios (%)

J K Cements Ltd Liquidity Ratios

J K Cements Ltd Liquidity Ratios (%)

J K Cements Ltd Interest Coverage Ratios (%)

J K Cements Ltd Valuation Ratios

Fair Value of J K Cements Ltd Stock

Fair Value: ₹3024.82

The stock is overvalued by 32.99% compared to the current price ₹4514

*Investments are subject to market risks

Strength and Weakness of J K Cements Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 5.17, which is a positive sign.
  2. The company has shown consistent growth in sales (4.92 cr) and profit (339.15 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 136.05 and average Dividend Yield of 15.27%.
  2. The stock has a low average ROCE of 13.17%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 120.08, which may not be favorable.
  4. The company has higher borrowings (3,312.15) compared to reserves (2,634.38), which may suggest financial risk.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in J K Cements Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE