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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

JK Lakshmi Cement Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:20 am

Market Cap 9,843 Cr.
Current Price 836
High / Low 1,000/685
Stock P/E28.2
Book Value 276
Dividend Yield0.78 %
ROCE17.0 %
ROE15.4 %
Face Value 5.00
PEG Ratio3.72

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bheema Cements Ltd 69.5 Cr. 21.3 35.3/21.0 13.20.00 %11.8 %56.4 % 10.0
UltraTech Cement Ltd 3,29,774 Cr. 11,423 12,145/9,25050.2 2,1260.61 %15.1 %12.2 % 10.0
The Ramco Cements Ltd 23,301 Cr. 986 1,060/70084.5 3020.25 %8.17 %5.63 % 1.00
The India Cements Ltd 10,510 Cr. 339 386/173 1700.00 %0.78 %4.81 % 10.0
Star Cement Ltd 8,603 Cr. 213 256/17043.5 67.90.00 %16.5 %11.5 % 1.00
Industry Average33,573.79 Cr1,891.8836.93530.040.60%11.09%16.06%7.13

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,2601,4241,3261,2091,2861,6001,6541,3741,5621,8621,7301,5751,703
Expenses1,0321,1111,0671,0151,1121,2751,3971,2101,3761,6291,5341,3571,401
Operating Profit228313258194174325257164185233196217302
OPM %18%22%19%16%14%20%16%12%12%12%11%14%18%
Other Income20-10171818-117201417111426
Interest49403736373336333529333439
Depreciation57565455555956575759565766
Profit before tax14320718412110022117293107162119141223
Tax %17%23%26%28%34%15%33%34%28%29%33%32%33%
Net Profit118159136876618811562771158096150
EPS in Rs9.6912.9911.167.175.4515.619.455.196.499.356.677.8812.21

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,7182,0552,0572,3162,6352,9223,7484,3164,3644,7275,4206,4526,729
Expenses1,3901,6261,7551,9632,3622,5523,3173,8633,5663,7894,4695,6135,897
Operating Profit328429302353273370432454798939951839831
OPM %19%21%15%15%10%13%12%11%18%20%18%13%12%
Other Income243926-346412972591635415856
Interest80847794222244264253225192142133131
Depreciation130149135115166175207211220225223228228
Profit before tax143235115109-51793249369556626534529
Tax %24%25%19%4%108%-10%-33%17%31%24%24%31%
Net Profit109175941054874341253421478369368
EPS in Rs8.8914.877.988.750.117.294.694.3621.0834.4539.3930.4830.39
Dividend Payout %22%17%25%23%220%10%16%17%12%11%13%12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)60.55%-46.29%11.70%-96.19%2075.00%-50.57%-4.65%517.07%66.40%13.54%-22.80%
Change in YoY Net Profit Growth (%)0.00%-106.84%57.99%-107.89%2171.19%-2125.57%45.92%521.72%-450.67%-52.86%-36.34%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:9%
3 Years:13%
TTM:-7%
Compounded Profit Growth
10 Years:18%
5 Years:80%
3 Years:4%
TTM:-3%
Stock Price CAGR
10 Years:8%
5 Years:25%
3 Years:16%
1 Year:-4%
Return on Equity
10 Years:12%
5 Years:17%
3 Years:16%
Last Year:15%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 10:30 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital59595959595959595959595959
Reserves1,2001,2451,2791,2611,3421,3851,4261,6282,0362,4462,7453,1283,192
Borrowings1,3371,6811,9492,2582,6872,5462,1351,9871,6721,8871,8802,0842,262
Other Liabilities5476669369121,0441,1111,4461,4891,5201,5341,8572,3792,206
Total Liabilities3,1433,6514,2234,4915,1325,1015,0665,1635,2865,9266,5417,6507,718
Fixed Assets1,4361,7012,7082,8513,5563,6273,4513,5853,4273,5363,5275,1485,249
CWIP688925455633307228417166274251890383450
Investments405358273271531473377458476652527407176
Other Assets6156687887367387738219541,1091,4871,5971,7121,843
Total Assets3,1433,6514,2234,4915,1325,1015,0665,1635,2865,9266,5417,6507,718

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +3323543302673964937606501,032680634899
Cash from Investing Activity +-488-513-430-286-600-70-77-200-434-665-299-880
Cash from Financing Activity +792343033181-421-676-450-55311-266-36
Net Cash Flow-7775-7014-23270452669-16

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow328.00428.00301.00352.00271.00368.00430.00452.00797.00938.00950.00838.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days9109131110984242
Inventory Days8672146132157158148225134198236249
Days Payable9789145109136146229239154125164140
Cash Conversion Cycle-2-810363322-72-6-157675112
Working Capital Days-62-64-64-56-46-46-73-68-33-25-14-20
ROCE %13%7%8%4%7%6%7%16%20%19%14%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters46.01%46.31%46.31%46.31%46.31%46.31%46.31%46.31%46.31%46.34%46.34%46.34%
FIIs12.97%12.29%12.14%12.84%13.81%11.68%11.50%10.53%10.83%11.29%11.34%11.53%
DIIs24.96%25.87%25.21%24.66%25.56%27.95%28.33%27.63%27.57%25.83%25.35%24.95%
Public16.06%15.54%16.35%16.18%14.31%14.07%13.86%15.53%15.29%16.54%16.97%17.17%
No. of Shareholders1,36,3761,37,4571,39,5261,26,9921,17,2471,17,6471,12,2561,19,2271,06,4091,12,5051,18,6361,24,416

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis Small Cap Fund4,795,9212.19391.591,063,0542024-12-20351.15%
HSBC Small Cap Fund - Regular Plan2,459,7751.57200.841,063,0542024-12-20131.39%
Franklin India Smaller Companies Fund2,148,7271.63175.441,063,0542024-12-20102.13%
HSBC Value Fund2,111,6001.7172.411,063,0542024-12-2098.64%
Franklin India Flexi Cap Fund1,600,0001.02130.641,063,0542024-12-2050.51%
Canara Robeco Small Cap Fund1,496,2261.41122.171,063,0542024-12-2040.75%
DSP Flexi Cap Fund1,417,3261.22115.721,063,0542024-12-2033.33%
Canara Robeco Flexi Cap Fund1,100,0000.8389.821,063,0542024-12-203.48%
Nippon India Small Cap Fund1,063,0540.2186.81,063,0542024-12-200%
DSP Equity & Bond Fund958,1060.9378.231,063,0542024-12-20-9.87%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)40.1030.4839.3934.4521.08
Diluted EPS (Rs.)40.1030.4839.3934.4521.08
Cash EPS (Rs.)62.3750.7659.5754.9240.17
Book Value[Excl.RevalReserv]/Share (Rs.)285.22241.37215.11179.04143.08
Book Value[Incl.RevalReserv]/Share (Rs.)285.22241.37215.11179.04143.08
Revenue From Operations / Share (Rs.)576.76548.13460.48401.65370.78
PBDIT / Share (Rs.)95.1876.1486.5885.9271.71
PBIT / Share (Rs.)74.2856.7567.5966.7753.03
PBT / Share (Rs.)62.2645.4153.2247.2531.35
Net Profit / Share (Rs.)41.4731.3640.5835.7821.49
NP After MI And SOA / Share (Rs.)40.0930.4739.3834.4421.07
PBDIT Margin (%)16.5013.8918.8021.3919.34
PBIT Margin (%)12.8710.3514.6716.6214.30
PBT Margin (%)10.798.2811.5511.768.45
Net Profit Margin (%)7.195.728.818.905.79
NP After MI And SOA Margin (%)6.955.558.558.575.68
Return on Networth / Equity (%)14.8012.7918.5019.3514.70
Return on Capital Employeed (%)15.5713.6218.8720.6618.03
Return On Assets (%)6.165.487.827.664.80
Long Term Debt / Equity (X)0.490.540.500.590.80
Total Debt / Equity (X)0.630.650.740.600.87
Asset Turnover Ratio (%)0.951.090.990.890.84
Current Ratio (X)0.901.171.140.990.73
Quick Ratio (X)0.410.660.790.750.45
Inventory Turnover Ratio (X)2.983.854.373.651.60
Dividend Payout Ratio (NP) (%)14.3416.409.510.0018.58
Dividend Payout Ratio (CP) (%)9.4210.026.420.009.85
Earning Retention Ratio (%)85.6683.6090.490.0081.42
Cash Earning Retention Ratio (%)90.5889.9893.580.0090.15
Interest Coverage Ratio (X)7.456.727.175.273.75
Interest Coverage Ratio (Post Tax) (X)4.193.774.553.392.26
Enterprise Value (Cr.)12198.5210853.856860.476001.453736.81
EV / Net Operating Revenue (X)1.801.681.271.270.85
EV / EBITDA (X)10.8912.116.735.934.43
MarketCap / Net Operating Revenue (X)1.511.441.021.080.52
Retention Ratios (%)85.6583.5990.480.0081.41
Price / BV (X)3.223.322.222.431.37
Price / Net Operating Revenue (X)1.511.441.021.080.52
EarningsYield0.040.030.080.070.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 1,207.96

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.

As of December 22, 2024, is Undervalued by 44.49% compared to the current share price 836.00

Intrinsic Value of as of December 22, 2024 is: 1,299.64

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 55.46% compared to the current share price 836.00

Last 5 Year EPS CAGR: 7.59%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -47.58, which is a positive sign.
  2. The company has shown consistent growth in sales (3.31 cr) and profit (255.77 cr) over the years.
  1. The stock has a low average ROCE of 11.50%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 21.75, which may not be favorable.
  3. The company has higher borrowings (2,028.08) compared to reserves (1,870.23), which may suggest financial risk.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 7.19%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 15.57% (Industry Average ROCE: 11.09%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 14.8% (Industry Average ROE: 14.99%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.19
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.41
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 28.2 (Industry average Stock P/E: 22.16)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.63
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

JK Lakshmi Cement Ltd. is a Public Limited Listed company incorporated on 06/08/1938 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L74999RJ1938PLC019511 and registration number is 019511. Currently Company is involved in the business activities of Manufacture of clinkers and cement. Company’s Total Operating Revenue is Rs. 5040.78 Cr. and Equity Capital is Rs. 58.85 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
CementJaykaypuram, Sirohi District Rajasthan 307019lakshmi_cement@lc.jkmail.com
http://www.jklakshmicement.com
Management
NamePosition Held
Mr. Bharat Hari SinghaniaChairman Emeritus
Mrs. Vinita SinghaniaChairperson & Managing Director
Mr. Arun Kumar ShuklaPresident & Director
Dr. Raghupati SinghaniaDirector
Mr. N G KhaitanIndependent Director
Mrs. Bhaswati MukherjeeIndependent Director
Mr. Sadhu Ram BansalIndependent Director
Mr. Ravi JhunjhunwalaIndependent Director
Mrs. Shwetambara Shardul Shroff ChopraIndependent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹1207.96, which is 44.49% higher than the current market price of ₹836.00. The stock has a market capitalization of 9,843 Cr. and recorded a high/low of 1,000/685 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,192 Cr and total liabilities of ₹7,718 Cr.

What is the Market Cap of ?

The Market Cap of is 9,843 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 836.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 1,000/685.

What is the Stock P/E of ?

The Stock P/E of is 28.2.

What is the Book Value of ?

The Book Value of is 276.

What is the Dividend Yield of ?

The Dividend Yield of is 0.78 %.

What is the ROCE of ?

The ROCE of is 17.0 %.

What is the ROE of ?

The ROE of is 15.4 %.

What is the Face Value of ?

The Face Value of is 5.00.

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 . 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