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Last Updated on: 22 February, 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

JK Lakshmi Cement Ltd. Share Price Update

Share PriceValue
Today₹934.10
Previous Day₹919.55

Basic Stock Data of JK Lakshmi Cement Ltd

Market Cap 10,967 Cr.
Current Price 932
High / Low1,000/607
Stock P/E26.2
Book Value 247
Dividend Yield0.39 %
ROCE14.2 %
ROE13.1 %
Face Value 5.00

Data Source: screener.in

Competitors of JK Lakshmi Cement Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sagar Cements Ltd 3,179 Cr. 243305/180104 1210.29 %6.70 %1.27 % 2.00
ACC Ltd 51,086 Cr. 2,7202,746/1,59230.5 7890.34 %10.0 %7.06 % 10.0
Panyam Cements & Mineral Industries Ltd 133 Cr. 166166/11.3 1730.00 %31.1 %% 10.0
Kakatiya Cement Sugar & Industries Ltd 179 Cr. 230278/180 2921.27 %0.02 %1.92 % 10.0
Barak Valley Cements Ltd 138 Cr. 62.477.3/22.014.2 53.80.00 %9.60 %4.72 % 10.0
Industry Average100.8 Cr140.6829.74285.760.38%11.48%2.99%8.4

JK Lakshmi Cement Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1,1321,2601,4241,3261,2091,2861,6001,6541,3741,5621,8621,7301,575
Expenses9071,0321,1111,0671,0151,1121,2751,3971,2101,3761,6291,5341,357
Operating Profit225228313258194174325257164185233196217
OPM %20%18%22%19%16%14%20%16%12%12%12%11%14%
Other Income1820-10171818-1172014171114
Interest51494037363733363335293334
Depreciation57575654555559565757595657
Profit before tax13414320718412110022117293107162119141
Tax %31%17%23%26%28%34%15%33%34%28%29%33%32%
Net Profit93118159136876618811562771158096
EPS in Rs7.619.6912.9911.167.175.4515.619.455.196.499.356.677.88

JK Lakshmi Cement Ltd Quarterly Chart

JK Lakshmi Cement Ltd Profit & Loss

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:29%
5 Years:25%
3 Years:37%
1 Year:28%
Return on Equity
10 Years:11%
5 Years:15%
3 Years:18%
Last Year:13%

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)
Axis Small Cap Fund47959212.19391.59
HSBC Small Cap Fund - Regular Plan24597751.57200.84
Franklin India Smaller Companies Fund21487271.63175.44
HSBC Value Fund21116001.7172.41
Franklin India Flexi Cap Fund16000001.02130.64
Canara Robeco Small Cap Fund14962261.41122.17
DSP Flexi Cap Fund14173261.22115.72
Canara Robeco Flexi Cap Fund11000000.8389.82
Nippon India Small Cap Fund10630540.2186.8
DSP Equity & Bond Fund9581060.9378.23

JK Lakshmi Cement Ltd ROCE Trend

JK Lakshmi Cement Ltd EPS Trend

JK Lakshmi Cement Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)30.4839.3934.4521.084.36
Diluted EPS (Rs.)30.4839.3934.4521.084.36
Cash EPS (Rs.)50.7659.5754.9240.1721.38
Book Value[Excl.RevalReserv]/Share (Rs.)241.37215.11179.04143.08125.49
Book Value[Incl.RevalReserv]/Share (Rs.)241.37215.11179.04143.08125.49
Revenue From Operations / Share (Rs.)548.13460.48401.65370.78366.72
PBDIT / Share (Rs.)76.1486.5885.9271.7143.47
PBIT / Share (Rs.)56.7567.5966.7753.0325.54
PBT / Share (Rs.)45.4153.2247.2531.354.15
Net Profit / Share (Rs.)31.3640.5835.7821.493.45
NP After MI And SOA / Share (Rs.)30.4739.3834.4421.074.35
PBDIT Margin (%)13.8918.8021.3919.3411.85
PBIT Margin (%)10.3514.6716.6214.306.96
PBT Margin (%)8.2811.5511.768.451.13
Net Profit Margin (%)5.728.818.905.790.94
NP After MI And SOA Margin (%)5.558.558.575.681.18
Return on Networth / Equity (%)12.7918.5019.3514.703.45
Return on Capital Employeed (%)13.6218.8720.6618.038.55
Return On Assets (%)5.487.827.664.801.01
Long Term Debt / Equity (X)0.540.500.590.801.12
Total Debt / Equity (X)0.650.740.600.871.16
Asset Turnover Ratio (%)1.090.990.890.840.81
Current Ratio (X)1.171.140.990.730.65
Quick Ratio (X)0.660.790.750.450.42
Inventory Turnover Ratio (X)3.854.373.651.602.14
Dividend Payout Ratio (NP) (%)16.409.510.0018.580.00
Dividend Payout Ratio (CP) (%)10.026.420.009.850.00
Earning Retention Ratio (%)83.6090.490.0081.420.00
Cash Earning Retention Ratio (%)89.9893.580.0090.150.00
Interest Coverage Ratio (X)6.727.175.273.752.00
Interest Coverage Ratio (Post Tax) (X)3.774.553.392.261.14
Enterprise Value (Cr.)10853.856860.476001.453736.815793.67
EV / Net Operating Revenue (X)1.681.271.270.851.34
EV / EBITDA (X)12.116.735.934.4311.32
MarketCap / Net Operating Revenue (X)1.441.021.080.520.94
Retention Ratios (%)83.5990.480.0081.410.00
Price / BV (X)3.322.222.431.372.76
Price / Net Operating Revenue (X)1.441.021.080.520.94
EarningsYield0.030.080.070.100.01

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 of JK Lakshmi Cement Ltd Stock

Fair Value: ₹851.06

The stock is overvalued by 8.68% compared to the current price ₹932

*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 is trading at a high valuation with an average P/B ratio of 53.94 and average Dividend Yield of 12.58%.
  2. The stock has a low average ROCE of 11.17%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 14.33, which may not be favorable.
  4. The company has higher borrowings (1,919.54) compared to reserves (1,689.15), 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 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