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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of J K Cements Ltd

About the Company - ACC 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

Basic Stock Data of J K Cements Ltd

Last Updated: June 12, 2024, 10:38 pm

Market Cap 32,659 Cr.
Current Price 4,227
High / Low4,575/3,000
Stock P/E41.2
Book Value 695
Dividend Yield0.36 %
ROCE15.7 %
ROE15.8 %
Face Value 10.0
PEG Ratio6.01

Competitors of J K Cements Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
The India Cements Ltd 6,815 Cr. 220277/173 1800.00 %0.73 %4.72 % 10.0
Anjani Portland Cement Ltd 574 Cr. 196232/154 1000.00 %2.43 %12.4 % 10.0
The Ramco Cements Ltd 20,380 Cr. 8621,058/70051.6 3020.23 %8.20 %5.67 % 1.00
Birla Corporation Ltd 11,619 Cr. 1,5101,802/1,06128.0 8670.17 %8.99 %6.57 % 10.0
Ambuja Cements Ltd 1,60,743 Cr. 653677/40447.6 1760.31 %14.0 %10.3 % 2.00
Industry Average40,026.20 Cr688.2025.44325.000.14%6.87%7.93%6.60

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

Last Updated: May 15, 2024, 8:03 am

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:15%
5 Years:17%
3 Years:20%
TTM:19%
Compounded Profit Growth
10 Years:27%
5 Years:24%
3 Years:3%
TTM:86%
Stock Price CAGR
10 Years:27%
5 Years:33%
3 Years:14%
1 Year:30%
Return on Equity
10 Years:14%
5 Years:16%
3 Years:14%
Last Year:16%

Last Updated: June 10, 2024, 4:49 pm

J K Cements Ltd Balance Sheet

Last Updated: June 2, 2024, 12:07 am

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days141519181818181720201818
Inventory Days438466345258292269257288257343225235
Days Payable187378196160222303179205204203188185
Cash Conversion Cycle26610216911688-1796100731595568
Working Capital Days-2-106-12-7-9-12-120583342
ROCE %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)Previous Number of SharesPrevious DatePercentage Change
Kotak Emerging Equity Fund - Regular Plan2,318,6162.31844.8713,7742024-06-11224.84%
Mirae Asset Large & Midcap Fund1,603,2561.93584.15713,7742024-06-11124.62%
DSP Mid Cap Fund1,348,4123.08491.3713,7742024-06-1188.91%
Axis Midcap Fund1,106,4051.71403.12713,7742024-06-1155.01%
Kotak Equity Opportunities Fund - Regular Plan850,0001.88309.7713,7742024-06-1119.09%
SBI Magnum Midcap Fund713,7741.8260.07713,7742024-06-110%
Mirae Asset Focused Fund698,6152.8254.54713,7742024-06-11-2.12%
Mirae Asset ELSS Tax Saver Fund656,1881.27239.09713,7742024-06-11-8.07%
Mirae Asset Midcap Fund610,5211.73222.45713,7742024-06-11-14.47%
PGIM India Midcap Opportunities Fund552,7862.06201.41713,7742024-06-11-22.55%

J K Cements Ltd ROCE Trend

J K Cements Ltd EPS Trend

J K Cements Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)102.3555.1787.9090.9962.56
Diluted EPS (Rs.)102.3555.1787.9090.9962.56
Cash EPS (Rs.)176.34113.54132.25130.6299.83
Book Value[Excl.RevalReserv]/Share (Rs.)688.71600.81555.29480.28389.22
Book Value[Incl.RevalReserv]/Share (Rs.)688.71600.81555.29480.28389.22
Revenue From Operations / Share (Rs.)1495.541257.981034.17854.96750.84
PBDIT / Share (Rs.)285.34181.41210.34213.75168.09
PBIT / Share (Rs.)211.24122.10166.02174.13130.82
PBT / Share (Rs.)151.8881.70131.12141.4195.05
Net Profit / Share (Rs.)102.2354.2487.9390.9962.56
NP After MI And SOA / Share (Rs.)102.3555.1788.9391.8563.73
PBDIT Margin (%)19.0714.4220.3325.0022.38
PBIT Margin (%)14.129.7016.0520.3617.42
PBT Margin (%)10.156.4912.6716.5412.65
Net Profit Margin (%)6.834.318.5010.648.33
NP After MI And SOA Margin (%)6.844.388.5910.748.48
Return on Networth / Equity (%)14.739.0915.8818.9916.26
Return on Capital Employeed (%)14.319.1214.6916.9915.04
Return On Assets (%)5.343.206.027.185.76
Long Term Debt / Equity (X)0.770.870.690.800.89
Total Debt / Equity (X)0.971.070.890.840.95
Asset Turnover Ratio (%)0.820.800.750.710.71
Current Ratio (X)1.301.271.321.631.22
Quick Ratio (X)0.950.930.861.240.84
Inventory Turnover Ratio (X)1.651.321.241.401.39
Dividend Payout Ratio (NP) (%)0.0027.1816.860.0027.46
Dividend Payout Ratio (CP) (%)0.0013.1011.250.0017.32
Earning Retention Ratio (%)0.0072.8283.140.0072.54
Cash Earning Retention Ratio (%)0.0086.9088.750.0082.68
Interest Coverage Ratio (X)4.874.496.036.534.70
Interest Coverage Ratio (Post Tax) (X)2.762.343.523.782.75
Enterprise Value (Cr.)35828.3326704.5122282.8724254.309489.25
EV / Net Operating Revenue (X)3.102.752.793.671.64
EV / EBITDA (X)16.2519.0513.7114.687.31
MarketCap / Net Operating Revenue (X)2.732.322.353.381.25
Retention Ratios (%)0.0072.8183.130.0072.53
Price / BV (X)5.874.824.345.982.40
Price / Net Operating Revenue (X)2.732.322.353.381.25
EarningsYield0.020.010.030.030.06

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

Fair Value: 4,540.46

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 7.42% compared to the current price 4227

Intrinsic Value: 4,851.81

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 14.78% compared to the current price ₹4227

Last 5 Year EPS CAGR: 6.86%

*Investments are subject to market risks

Strength and Weakness of ACC Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 8.83, 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 has a low average ROCE of 11.83%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 106.25, which may not be favorable.
  3. The company has higher borrowings (3,312.15) compared to reserves (2,634.38), which may suggest financial risk.

FAQ

What is the latest fair value of J K Cements Ltd?

The latest fair value of J K Cements Ltd is ₹4540.46.

What is the Market Cap of J K Cements Ltd?

The Market Cap of J K Cements Ltd is 32,659 Cr..

What is the current Stock Price of J K Cements Ltd as on 12 June 2024?

The current stock price of J K Cements Ltd as on 12 June 2024 is ₹4,227.

What is the High / Low of J K Cements Ltd stocks in FY 2024?

In FY 2024, the High / Low of J K Cements Ltd stocks is 4,575/3,000.

What is the Stock P/E of J K Cements Ltd?

The Stock P/E of J K Cements Ltd is 41.2.

What is the Book Value of J K Cements Ltd?

The Book Value of J K Cements Ltd is 695.

What is the Dividend Yield of J K Cements Ltd?

The Dividend Yield of J K Cements Ltd is 0.36 %.

What is the ROCE of J K Cements Ltd?

The ROCE of J K Cements Ltd is 15.7 %.

What is the ROE of J K Cements Ltd?

The ROE of J K Cements Ltd is 15.8 %.

What is the Face Value of J K Cements Ltd?

The Face Value of J K Cements Ltd is 10.0.

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