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

Fundamental Analysis of JK Lakshmi Cement Ltd

About the Company - JK Lakshmi Cement Ltd

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 & Managing Director
Mrs. Vinita SinghaniaVice Chairman & Mng.Director
Dr. Raghupati SinghaniaDirector
Mr. Sadhu Ram BansalIndependent Director
Mr. N G KhaitanIndependent Director
Mrs. Bhaswati MukherjeeIndependent Director
Mr. Arun Kumar ShuklaExecutive Director
Mr. Ravi JhunjhunwalaIndependent Director

Basic Stock Data of JK Lakshmi Cement Ltd

Last Updated: June 12, 2024, 10:37 pm

Market Cap 9,664 Cr.
Current Price 821
High / Low1,000/607
Stock P/E20.7
Book Value 271
Dividend Yield0.45 %
ROCE17.2 %
ROE15.6 %
Face Value 5.00
PEG Ratio2.73

Competitors of JK Lakshmi Cement Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
UltraTech Cement Ltd 3,17,857 Cr. 11,01011,010/7,94145.0 2,0860.35 %15.3 %12.3 % 10.0
Burnpur Cement Ltd 52.7 Cr. 6.128.87/4.11 52.50.00 %44.0 %% 10.0
Heidelberg Cement India Ltd 4,995 Cr. 220247/17029.8 64.93.16 %16.1 %11.4 % 10.0
The Ramco Cements Ltd 20,380 Cr. 8621,058/70051.6 3020.23 %8.20 %5.67 % 1.00
The India Cements Ltd 6,815 Cr. 220277/173 1800.00 %0.73 %4.72 % 10.0
Industry Average70,019.94 Cr2,463.6225.28537.080.75%16.87%6.82%8.20

JK Lakshmi Cement Ltd Quarterly Results

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: June 7, 2024, 9:00 am

JK Lakshmi Cement Ltd Quarterly Chart

JK Lakshmi Cement Ltd Profit & Loss

Last Updated: May 30, 2024, 11:04 pm

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%

JK Lakshmi Cement Ltd Profit & Loss Yearly Chart

JK Lakshmi Cement Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:11%
3 Years:14%
TTM:11%
Compounded Profit Growth
10 Years:8%
5 Years:72%
3 Years:12%
TTM:-7%
Stock Price CAGR
10 Years:21%
5 Years:17%
3 Years:26%
1 Year:7%
Return on Equity
10 Years:11%
5 Years:15%
3 Years:18%
Last Year:13%

Last Updated: April 16, 2024, 4:04 pm

JK Lakshmi Cement Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital61595959595959595959595959
Reserves1,1141,2001,2451,2791,2611,3421,3851,4261,6282,0362,4462,7452,852
Borrowings9151,3371,6811,9492,2582,6872,5462,1351,9871,6721,8871,8802,020
Other Liabilities6965476669369121,0441,1111,4461,4891,5201,5341,8572,045
Total Liabilities2,7863,1433,6514,2234,4915,1325,1015,0665,1635,2865,9266,5416,976
Fixed Assets1,3291,4361,7012,7082,8513,5563,6273,4513,5853,4273,5363,5273,524
CWIP2946889254556333072284171662742518901,267
Investments454405358273271531473377458476652527374
Other Assets7096156687887367387738219541,1091,4871,5971,811
Total Assets2,7863,1433,6514,2234,4915,1325,1015,0665,1635,2865,9266,5416,976

JK Lakshmi Cement Ltd Reserves and Borrowings Chart

JK Lakshmi Cement Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3783323543302673964937606501,032680634
Cash from Investing Activity -354-488-513-430-286-600-70-77-200-434-665-299
Cash from Financing Activity -25792343033181-421-676-450-55311-266
Net Cash Flow-0-7775-7014-23270452669

JK Lakshmi Cement Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days8910913111098424
Inventory Days1198672146132157158148225134198236
Days Payable1049789145109136146229239154125164
Cash Conversion Cycle23-2-810363322-72-6-157675
Working Capital Days-61-62-64-64-56-46-46-73-68-33-25-14
ROCE %13%13%7%8%4%7%6%7%16%20%19%14%

JK Lakshmi Cement Ltd Financial Efficiency Indicators Chart

JK Lakshmi Cement Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters46.21%46.21%46.21%46.01%46.01%46.31%46.31%46.31%46.31%46.31%46.31%46.31%
FIIs10.65%10.58%10.26%12.48%12.97%12.29%12.14%12.84%13.81%11.68%11.50%10.53%
DIIs23.86%26.31%27.56%25.30%24.96%25.87%25.21%24.66%25.56%27.95%28.33%27.63%
Government0.86%0.86%0.86%0.86%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public18.41%16.03%15.11%15.35%16.06%15.54%16.35%16.18%14.31%14.07%13.86%15.53%
No. of Shareholders90,57495,3781,09,6941,44,7891,36,3761,37,4571,39,5261,26,9921,17,2471,17,6471,12,2561,19,227

JK Lakshmi Cement Ltd Shareholding Pattern Chart

No. of JK Lakshmi Cement Ltd Shareholders

JK Lakshmi Cement Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis Small Cap Fund4,795,9212.19391.591,063,0542024-06-11351.15%
HSBC Small Cap Fund - Regular Plan2,459,7751.57200.841,063,0542024-06-11131.39%
Franklin India Smaller Companies Fund2,148,7271.63175.441,063,0542024-06-11102.13%
HSBC Value Fund2,111,6001.7172.411,063,0542024-06-1198.64%
Franklin India Flexi Cap Fund1,600,0001.02130.641,063,0542024-06-1150.51%
Canara Robeco Small Cap Fund1,496,2261.41122.171,063,0542024-06-1140.75%
DSP Flexi Cap Fund1,417,3261.22115.721,063,0542024-06-1133.33%
Canara Robeco Flexi Cap Fund1,100,0000.8389.821,063,0542024-06-113.48%
Nippon India Small Cap Fund1,063,0540.2186.81,063,0542024-06-110%
DSP Equity & Bond Fund958,1060.9378.231,063,0542024-06-11-9.87%

JK Lakshmi Cement Ltd ROCE Trend

JK Lakshmi Cement Ltd EPS Trend

JK Lakshmi Cement Ltd 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)1.073.854.373.651.60
Dividend Payout Ratio (NP) (%)0.0016.409.510.0018.58
Dividend Payout Ratio (CP) (%)0.0010.026.420.009.85
Earning Retention Ratio (%)0.0083.6090.490.0081.42
Cash Earning Retention Ratio (%)0.0089.9893.580.0090.15
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 (%)0.0083.5990.480.0081.41
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

JK Lakshmi Cement Ltd Profitability Ratios (%)

JK Lakshmi Cement Ltd Liquidity Ratios

JK Lakshmi Cement Ltd Liquidity Ratios (%)

JK Lakshmi Cement Ltd Interest Coverage Ratios (%)

JK Lakshmi Cement Ltd Valuation Ratios

Fair Value

Fair Value: 879.05

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: 7.07% compared to the current price 821

Intrinsic Value: 945.77

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: 15.20% compared to the current price ₹821

Last 5 Year EPS CAGR: 7.59%

*Investments are subject to market risks

Strength and Weakness of JK Lakshmi Cement Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -51.00, 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 11.17%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 14.33, which may not be favorable.
  3. The company has higher borrowings (1,919.54) compared to reserves (1,689.15), which may suggest financial risk.

FAQ

What is the latest fair value of JK Lakshmi Cement Ltd?

The latest fair value of JK Lakshmi Cement Ltd is ₹879.05.

What is the Market Cap of JK Lakshmi Cement Ltd?

The Market Cap of JK Lakshmi Cement Ltd is 9,664 Cr..

What is the current Stock Price of JK Lakshmi Cement Ltd as on 13 June 2024?

The current stock price of JK Lakshmi Cement Ltd as on 13 June 2024 is ₹821.

What is the High / Low of JK Lakshmi Cement Ltd stocks in FY 2024?

In FY 2024, the High / Low of JK Lakshmi Cement Ltd stocks is 1,000/607.

What is the Stock P/E of JK Lakshmi Cement Ltd?

The Stock P/E of JK Lakshmi Cement Ltd is 20.7.

What is the Book Value of JK Lakshmi Cement Ltd?

The Book Value of JK Lakshmi Cement Ltd is 271.

What is the Dividend Yield of JK Lakshmi Cement Ltd?

The Dividend Yield of JK Lakshmi Cement Ltd is 0.45 %.

What is the ROCE of JK Lakshmi Cement Ltd?

The ROCE of JK Lakshmi Cement Ltd is 17.2 %.

What is the ROE of JK Lakshmi Cement Ltd?

The ROE of JK Lakshmi Cement Ltd is 15.6 %.

What is the Face Value of JK Lakshmi Cement Ltd?

The Face Value of JK Lakshmi Cement Ltd 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 JK Lakshmi Cement 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