BSE: 532644 | NSE: JKCEMENT | Cement & Construction Materials | Mid Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that JK Cement Ltd is a average quality company.
The key valuation ratios of JK Cement Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of JK Cement Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.3% | 9.6% | 13.5% | 15.2% | 14.3% | 15.7% | 19.3% | 17.1% | 11.9% | 16.4% | - |
| Value Creation Index ⓘ | -0.3 | -0.3 | 0 | 0.1 | 0.1 | 0.2 | 0.7 | 0.5 | 0.1 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 3,357 | 3,555 | 3,756 | 4,591 | 4,981 | 5,464 | 6,328 | 7,679 | 9,310 | 10,918 | 10,758 |
| Sales YoY Gr. | - | 5.9% | 5.6% | 22.3% | 8.5% | 9.7% | 15.8% | 21.3% | 21.3% | 17.3% | - |
| Adj EPS ⓘ | 22.2 | 13.9 | 31.9 | 50.8 | 42.1 | 70.9 | 81.6 | 84 | 66.2 | 108.8 | 100.1 |
| YoY Gr. | - | -37.5% | 129.5% | 59.3% | -17.1% | 68.5% | 15.2% | 2.9% | -21.2% | 64.3% | - |
| BVPS (₹) ⓘ | 235.5 | 241.7 | 267.6 | 307.1 | 374.4 | 404.9 | 483.1 | 550.3 | 600.5 | 692.8 | 704.8 |
| Adj Net Profit ⓘ | 155 | 97.1 | 223 | 355 | 325 | 548 | 631 | 649 | 511 | 840 | 773 |
| Cash Flow from Ops. ⓘ | 434 | 589 | 712 | 790 | 711 | 1,099 | 1,569 | 1,009 | 1,402 | 1,895 | - |
| Debt/CF from Ops. ⓘ | 6 | 4.5 | 3.7 | 3 | 3.3 | 2.5 | 1.9 | 3.2 | 3.5 | 2.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 14% | 17% | 19.9% | 17.3% | ||||
| Adj EPS ⓘ | 19.3% | 20.9% | 10% | 64.3% | ||||
| BVPSⓘ | 12.7% | 13.1% | 12.8% | 15.4% | ||||
| Share Price | 20.1% | 28% | 4.4% | 13.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.1 | 5.8 | 12.5 | 17.7 | 12.9 | 18.2 | 18.4 | 16.3 | 11.5 | 16.8 | 14.3 |
| Op. Profit Mgn % ⓘ | 13.9 | 14.6 | 18.5 | 16.6 | 16.3 | 22.2 | 24.7 | 19.7 | 14.3 | 18.5 | 17.7 |
| Net Profit Mgn % ⓘ | 4.6 | 2.7 | 5.9 | 7.7 | 6.5 | 10 | 10 | 8.5 | 5.5 | 7.7 | 7.2 |
| Debt to Equity ⓘ | 1.6 | 1.6 | 1.4 | 1.1 | 0.8 | 0.9 | 0.8 | 0.8 | 1.1 | 1 | 0.8 |
| Working Cap Days ⓘ | 101 | 96 | 91 | 88 | 96 | 109 | 117 | 106 | 102 | 96 | 70 |
| Cash Conv. Cycle ⓘ | 37 | 27 | 13 | 4 | 9 | 18 | 15 | 16 | 15 | 8 | 15 |
Sales growth is growing at healthy rate in last 3 years 19.94%
Net Profit is growing at healthy rate in last 3 years 10.03%
Debt to equity has declined versus last 3 years average to 0.97
Return on Equity has declined versus last 3 years average to 14.30%
Sales growth is not so good in last 4 quarters at 5.77%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 100.1 | 105.4 |
| TTM Sales (₹ Cr.) | 10,758 | 11,408 |
| BVPS (₹.) ⓘ | 704.8 | 715.2 |
| Reserves (₹ Cr.) ⓘ | 5,369 | 5,449 |
| P/BV ⓘ | 5.61 | 5.53 |
| PE ⓘ | 39.53 | 37.52 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 3477.05 / 4895.95 |
| All Time Low / High (₹) | 34.80 / 4895.95 |
| Market Cap (₹ Cr.) | 30,570 |
| Equity (₹ Cr.) | 77.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 48.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,357 | 3,555 | 3,756 | 4,591 | 4,981 | 5,464 | 6,328 | 7,679 | 9,310 | 10,918 |
| Operating Expenses ⓘ | 2,893 | 3,036 | 3,069 | 3,831 | 4,171 | 4,282 | 4,814 | 6,197 | 7,990 | 9,317 |
| Manufacturing Costs | 1,110 | 1,076 | 998 | 1,299 | 1,478 | 1,429 | 1,560 | 2,189 | 3,140 | 3,255 |
| Material Costs | 556 | 676 | 635 | 773 | 838 | 865 | 1,053 | 1,271 | 1,544 | 1,718 |
| Employee Cost | 203 | 235 | 275 | 325 | 354 | 391 | 412 | 504 | 575 | 710 |
| Other Costs ⓘ | 1,024 | 1,049 | 1,161 | 1,433 | 1,502 | 1,597 | 1,789 | 2,232 | 2,731 | 3,634 |
| Operating Profit ⓘ | 464 | 520 | 686 | 761 | 810 | 1,182 | 1,514 | 1,482 | 1,320 | 1,601 |
| Operating Profit Margin (%) | 13.8% | 14.6% | 18.3% | 16.6% | 16.3% | 21.6% | 23.9% | 19.3% | 14.2% | 14.7% |
| Other Income ⓘ | 51 | 57 | 107 | 128 | 80 | 86 | 113 | 143 | 85 | 539 |
| Interest ⓘ | 219 | 271 | 273 | 245 | 222 | 223 | 223 | 249 | 296 | 437 |
| Depreciation ⓘ | 137 | 164 | 176 | 186 | 194 | 214 | 245 | 282 | 392 | 486 |
| Exceptional Items ⓘ | 0 | 0 | -19 | -17 | 0 | -178 | -167 | -130 | 0 | -6 |
| Profit Before Tax ⓘ | 159 | 142 | 324 | 440 | 474 | 652 | 993 | 964 | 718 | 1,212 |
| Tax ⓘ | 2 | 39 | 114 | 98 | 149 | 252 | 390 | 333 | 215 | 382 |
| Profit After Tax | 157 | 103 | 211 | 342 | 325 | 400 | 603 | 631 | 503 | 831 |
| PAT Margin (%) | 4.7% | 2.9% | 5.6% | 7.4% | 6.5% | 7.3% | 9.5% | 8.2% | 5.4% | 7.6% |
| Adjusted EPS (₹) | 22.4 | 14.8 | 30.1 | 48.9 | 42.1 | 51.8 | 78.0 | 81.6 | 65.1 | 107.5 |
| Dividend Payout Ratio (%) | 18% | 27% | 27% | 20% | 24% | 14% | 19% | 18% | 23% | 19% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1,647 | 1,690 | 1,872 | 2,147 | 2,893 | 3,129 | 3,733 | 4,252 | 4,640 | 5,353 |
| Share Capital ⓘ | 70 | 70 | 70 | 70 | 77 | 77 | 77 | 77 | 77 | 77 |
| Reserves ⓘ | 1,577 | 1,620 | 1,802 | 2,077 | 2,816 | 3,052 | 3,656 | 4,174 | 4,562 | 5,276 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 2,422 | 2,497 | 2,450 | 2,183 | 2,116 | 2,423 | 2,787 | 2,838 | 4,480 | 4,762 |
| Long Term Debt | 2,159 | 2,302 | 2,282 | 2,070 | 1,956 | 2,284 | 2,672 | 2,476 | 4,101 | 4,177 |
| Short Term Debt | 263 | 195 | 167 | 114 | 160 | 139 | 115 | 363 | 379 | 585 |
| Trade Payables | 229 | 281 | 378 | 643 | 407 | 453 | 550 | 669 | 753 | 809 |
| Others Liabilities ⓘ | 1,050 | 1,096 | 1,144 | 1,104 | 1,634 | 2,022 | 2,406 | 2,583 | 2,951 | 3,360 |
| Total Liabilities ⓘ | 5,348 | 5,564 | 5,843 | 6,078 | 7,051 | 8,026 | 9,476 | 10,342 | 12,823 | 14,285 |
Fixed Assets | ||||||||||
| Gross Block | 4,234 | 4,586 | 4,886 | 4,951 | 5,177 | 6,180 | 6,720 | 7,495 | 9,801 | 10,997 |
| Accumulated Depreciation | 896 | 1,064 | 1,206 | 1,355 | 1,541 | 1,712 | 1,911 | 2,128 | 2,499 | 2,916 |
| Net Fixed Assetsⓘ | 3,338 | 3,523 | 3,680 | 3,597 | 3,635 | 4,468 | 4,809 | 5,368 | 7,301 | 8,082 |
| CWIP ⓘ | 191 | 152 | 105 | 88 | 556 | 509 | 489 | 71 | 590 | 415 |
| Investmentsⓘ | 315 | 437 | 536 | 635 | 1,005 | 566 | 807 | 1,745 | 1,016 | 1,471 |
| Inventories | 510 | 429 | 498 | 532 | 558 | 627 | 687 | 1,114 | 864 | 1,068 |
| Trade Receivables | 139 | 166 | 148 | 188 | 202 | 223 | 316 | 398 | 411 | 460 |
| Cash Equivalents | 408 | 368 | 427 | 544 | 430 | 631 | 1,162 | 283 | 813 | 778 |
| Others Assetsⓘ | 447 | 489 | 449 | 496 | 665 | 1,001 | 1,208 | 1,365 | 1,829 | 2,011 |
| Total Assets ⓘ | 5,348 | 5,564 | 5,843 | 6,078 | 7,051 | 8,026 | 9,476 | 10,342 | 12,823 | 14,285 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 434 | 589 | 712 | 790 | 711 | 1,099 | 1,569 | 1,009 | 1,402 | 1,895 |
| PBT ⓘ | 159 | 142 | 324 | 440 | 474 | 652 | 993 | 964 | 718 | 1,212 |
| Adjustment ⓘ | 308 | 367 | 439 | 398 | 373 | 571 | 576 | 561 | 601 | 780 |
| Changes in Working Capital ⓘ | 22 | 110 | 9 | 55 | -37 | 28 | 196 | -302 | 246 | 54 |
| Tax Paid ⓘ | -35 | -31 | -60 | -102 | -98 | -153 | -196 | -213 | -162 | -152 |
| Cash Flow From Investing Activity ⓘ | -458 | -390 | -655 | -131 | -863 | -1,311 | -1,515 | -906 | -2,072 | -1,740 |
| Capex | -485 | -316 | -287 | -120 | -613 | -981 | -615 | -448 | -1,534 | -1,101 |
| Net Investments | -11 | -116 | -317 | 6 | -208 | -278 | -819 | 311 | -206 | -546 |
| Others ⓘ | 38 | 42 | -52 | -17 | -42 | -52 | -81 | -769 | -332 | -93 |
| Cash Flow From Financing Activityⓘ | 84 | -215 | -302 | -598 | 207 | 11 | -6 | -123 | 811 | -297 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 504 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 223 | 150 | 28 | -235 | -41 | 423 | 244 | -1 | 1,200 | 43 |
| Interest Paid ⓘ | -217 | -265 | -269 | -241 | -218 | -224 | -221 | -247 | -278 | -420 |
| Dividend Paid ⓘ | 0 | -34 | -28 | -56 | -70 | -135 | 0 | -116 | -116 | -116 |
| Others ⓘ | 77 | -67 | -33 | -65 | 32 | -52 | -29 | 240 | 6 | 196 |
| Net Cash Flow ⓘ | 60 | -16 | -246 | 61 | 55 | -201 | 48 | -19 | 142 | -142 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.84 | 6.19 | 11.84 | 17.01 | 12.89 | 13.3 | 17.57 | 15.8 | 11.31 | 16.62 |
| ROCE (%) | 9.33 | 9.62 | 13.5 | 15.2 | 14.27 | 15.71 | 19.29 | 17.09 | 11.9 | 16.42 |
| Asset Turnover Ratio | 0.74 | 0.76 | 0.77 | 0.8 | 0.76 | 0.72 | 0.72 | 0.89 | 0.92 | 0.93 |
| PAT to CFO Conversion(x) | 2.76 | 5.72 | 3.37 | 2.31 | 2.19 | 2.75 | 2.6 | 1.6 | 2.79 | 2.28 | Working Capital Days |
| Receivable Days | 12 | 13 | 13 | 13 | 14 | 14 | 16 | 15 | 14 | 13 |
| Inventory Days | 49 | 41 | 39 | 39 | 40 | 40 | 38 | 37 | 34 | 28 |
| Payable Days | 126 | 125 | 184 | 241 | 229 | 181 | 174 | 175 | 168 | 166 |
A leading cement manufacturer in the country, JK Cement Limited is an affiliate of the multi-disciplinary industrial conglomerate JK Organisation, which was founded by LalaKamlapat Singhania. The company’s operations commenced with commercial production at its first grey cement plant at Nimbahera, Rajasthan in May 1975. Subsequently, the company also set up 2 more units in Rajasthan at Mangrol and Gotan. In the year 2009, the company extended its footprint by setting up a green-field unit in Muddapur, Karnataka giving it access to the markets of south-west India. In the year 2014, the company further expanded its capacity in the north with brownfield expansion of 1.5 MnTPA integrated unit at Mangrol and split grinding unit of 1.5 MnTPA at Jhajjar. The new grinding units in Aligarh and Balasinor further strengthening JK Cement's growing footprints and making it one of the top cement manufacturers in the country.
JK Cement was the first company to install a captive power plant in the year 1987 at Bamania, Rajasthan and the first cement company to install a waste heat recovery power plant to take care of the need of green power. It is steadily enhancing its capacity, diversifying range of products, ushering in advanced technology and quality assurance, and above all, expanding its presence nationally and internationally. Its brands continue to enjoy the trust of millions of consumers for the high quality and innovation benchmarks that it has attained. Superior products and a strong Brand name, an extensive marketing and distribution network and the technical know-how represent JK Cement's abiding strengths.
Business area of the company
J.K. Cement Limited is engaged in cement business. The Company produces grey cement, white cement and water proof. The Company manufactures grey cement in two facilities located at Nimbahera and Mangrol in the state of Rajasthan in Northern India. Grey cement produced by it consists of ordinary portland cement (OPC) and portland pozzolana cement (PPC). OPC has three grades, which consist of 53-grade, 43-grade and 33-grade. Its cement products are marketed under the brand names: J.K. Cement and Sarvashaktiman for OPC products; J.K. Super for PPC products, and J.K. White and Camel for white cement products.
Awards and Recognitions
Financial Year 2019-2020
Financial Year 2020-2021
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