Is JK Cement a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that JK Cement Ltd is a average quality company .

Is JK Cement undervalued or overvalued?

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 .

What is JK Cement share price return in the past 10 years?

JK Cement Ltd share price has appreciated 31.5% annually (CAGR) over the past ten years.

Is JK Cement a good buy now?

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.

JK Cement Ltd - Stock Valuation and Financial Performance

Name: JK Cement
Brand: JK Cement

BSE: 532644 | NSE: JKCEMENT | Cement & Construction Materials | Mid Cap

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JK Cement Share Price

₹3,891.95 -14.15 -0.36%
as on 18-May'24 12:50

DeciZen - make an informed investing decision on JK Cement

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation ⓘ

3. Price Trend

JK Cement stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

36.34

Market Cap:

30,181.8 Cr.

52-wk low:

2,896.1

52-wk high:

4,565.4

Is JK Cement Ltd an attractive stock to invest in?

10 Year X-Ray of JK Cement: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	5.8%	7.4%	6.7%	9.4%	11.7%	9.9%	12.6%	12.5%	11.6%	9.8%	-
Value Creation Index ⓘ	-0.6	-0.5	-0.5	-0.3	-0.1	-0.3	-0.1	0.1	0.0	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,796	3,357	3,555	3,756	4,591	4,981	5,464	6,328	7,679	8,999	10,918
Sales YoY Gr.	-	20.1%	5.9%	5.6%	22.3%	8.5%	9.7%	15.8%	21.3%	17.2%	-
Adj EPS ⓘ	13.9	22.2	13.9	31.9	50.8	42.1	70.9	81.6	84	73.9	107.5
YoY Gr.	-	60.3%	-37.5%	129.5%	59.3%	-17.1%	68.5%	15.2%	2.9%	-12%	-
BVPS (₹) ⓘ	220.7	235.5	241.7	267.6	307.1	374.4	404.9	483.1	550.3	608.5	692.8
Adj Net Profit ⓘ	96.9	155	97.1	223	355	325	548	631	649	571	831
Cash Flow from Ops. ⓘ	187	434	589	712	790	711	1,099	1,569	1,009	1,538	-
Debt/CF from Ops. ⓘ	12.4	6	4.5	3.7	3	3.3	2.5	1.9	3.2	2.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.9%	14.4%	18.1%	17.2%
Adj EPS ⓘ	20.4%	7.8%	1.4%	-12%
BVPSⓘ	11.9%	14.7%	14.5%	10.6%
Share Price	31.5%	35.7%	11.5%	29%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	5.6	9.1	5.8	12.5	17.7	12.9	18.2	18.4	16.3	12.8	16.5
Op. Profit Mgn % ⓘ	13.4	13.9	14.6	18.5	16.6	16.3	22.2	24.7	19.7	15	18.4
Net Profit Mgn % ⓘ	3.5	4.6	2.7	5.9	7.7	6.5	10	10	8.5	6.4	7.6
Debt to Equity ⓘ	1.5	1.6	1.6	1.4	1.1	0.8	0.9	0.8	0.8	0.7	0.8
Working Cap Days ⓘ	112	101	96	91	88	96	109	117	106	96	63
Cash Conv. Cycle ⓘ	44	37	27	13	4	9	18	15	16	16	15

Recent Performance Summary

Latest Financials - JK Cement Ltd.

	Standalone	Consolidated
TTM EPS (₹)	107.5	102.4
TTM Sales (₹ Cr.)	10,918	11,556
BVPS (₹.) ⓘ	692.8	694.6
Reserves (₹ Cr.) ⓘ	5,276	5,290
P/BV ⓘ	5.64	5.62
PE ⓘ	36.34	38.16

From the Market
52 Week Low / High (₹)	2896.05 / 4565.35
All Time Low / High (₹)	34.80 / 4565.35
Market Cap (₹ Cr.)	30,182
Equity (₹ Cr.)	77.3
Face Value (₹)	10
Industry PE ⓘ	43.3

Management X-Ray of JK Cement:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of JK Cement

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of JK Cement

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	2,796	3,357	3,555	3,756	4,591	4,981	5,464	6,328	7,679	8,999
Operating Expenses ⓘ	2,421	2,893	3,036	3,069	3,831	4,171	4,282	4,814	6,197	7,659
Manufacturing Costs	951	1,110	1,076	998	1,299	1,478	1,429	1,560	2,189	2,981
Material Costs	425	556	676	635	773	838	865	1,053	1,271	1,479
Employee Cost	168	203	235	275	325	354	391	412	504	563
Other Costs ⓘ	878	1,024	1,049	1,161	1,433	1,502	1,597	1,789	2,232	2,636
Operating Profit ⓘ	375	464	520	686	761	810	1,182	1,514	1,482	1,339
Operating Profit Margin (%)	13.4%	13.8%	14.6%	18.3%	16.6%	16.3%	21.6%	23.9%	19.3%	14.9%
Other Income ⓘ	48	51	57	107	128	80	86	113	143	83
Interest ⓘ	153	219	271	273	245	222	223	223	249	260
Depreciation ⓘ	134	137	164	176	186	194	214	245	282	361
Exceptional Items ⓘ	0	0	0	-19	-17	0	-178	-167	-130	0
Profit Before Tax ⓘ	136	159	142	324	440	474	652	993	964	800
Tax ⓘ	39	2	39	114	98	149	252	390	333	238
Profit After Tax	97	157	103	211	342	325	400	603	631	563
PAT Margin (%)	3.5%	4.7%	2.9%	5.6%	7.4%	6.5%	7.3%	9.5%	8.2%	6.3%
Adjusted EPS (₹)	13.9	22.4	14.8	30.1	48.9	42.1	51.8	78.0	81.6	72.8
Dividend Payout Ratio (%)	22%	18%	27%	27%	20%	24%	14%	19%	18%	21%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	1,758	1,647	1,690	1,872	2,147	2,893	3,129	3,733	4,252	4,702
Share Capital ⓘ	70	70	70	70	70	77	77	77	77	77
Reserves ⓘ	1,689	1,577	1,620	1,802	2,077	2,816	3,052	3,656	4,174	4,624
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	2,185	2,422	2,497	2,450	2,183	2,116	2,423	2,787	2,838	2,774
Long Term Debt	1,987	2,159	2,302	2,282	2,070	1,956	2,284	2,672	2,476	2,489
Short Term Debt	199	263	195	167	114	160	139	115	363	285
Trade Payables	247	229	281	378	643	407	453	550	669	604
Others Liabilities ⓘ	912	1,050	1,096	1,144	1,104	1,634	2,022	2,406	2,583	2,811
Total Liabilities ⓘ	5,103	5,348	5,564	5,843	6,078	7,051	8,026	9,476	10,342	10,891
Fixed Assets
Gross Block	3,180	4,234	4,586	4,886	4,951	5,177	6,180	6,720	7,495	7,775
Accumulated Depreciation	868	896	1,064	1,206	1,355	1,541	1,712	1,911	2,128	2,461
Net Fixed Assetsⓘ	2,313	3,338	3,523	3,680	3,597	3,635	4,468	4,809	5,368	5,314
CWIP ⓘ	1,102	191	152	105	88	556	509	489	71	169
Investmentsⓘ	300	315	437	536	635	1,005	566	807	1,745	2,260
Inventories	542	510	429	498	532	558	627	687	1,114	778
Trade Receivables	112	139	166	148	188	202	223	316	398	371
Cash Equivalents	348	408	368	427	544	430	631	1,162	283	568
Others Assetsⓘ	387	447	489	449	496	665	1,001	1,208	1,365	1,431
Total Assets ⓘ	5,103	5,348	5,564	5,843	6,078	7,051	8,026	9,476	10,342	10,891

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	187	434	589	712	790	711	1,099	1,569	1,009	1,538
PBT ⓘ	136	159	142	324	440	474	652	993	964	800
Adjustment ⓘ	242	308	367	439	398	373	571	576	561	538
Changes in Working Capital ⓘ	-114	22	110	9	55	-37	28	196	-302	360
Tax Paid ⓘ	-23	-35	-31	-60	-102	-98	-153	-196	-213	-161
Cash Flow From Investing Activity ⓘ	-1,046	-458	-390	-655	-131	-863	-1,311	-1,515	-906	-1,174
Capex	-948	-485	-316	-287	-120	-613	-981	-615	-448	-471
Net Investments	-129	-11	-116	-317	6	-208	-278	-819	311	-146
Others ⓘ	31	38	42	-52	-17	-42	-52	-81	-769	-557
Cash Flow From Financing Activityⓘ	874	84	-215	-302	-598	207	11	-6	-123	-369
Net Proceeds from Shares ⓘ	0	0	0	0	0	504	0	0	0	0
Net Proceeds from Borrowing ⓘ	1,030	223	150	28	-235	-41	423	244	-1	77
Interest Paid ⓘ	-177	-217	-265	-269	-241	-218	-224	-221	-247	-243
Dividend Paid ⓘ	0	0	-34	-28	-56	-70	-135	0	-116	-116
Others ⓘ	21	77	-67	-33	-65	32	-52	-29	240	-87
Net Cash Flow ⓘ	15	60	-16	-246	61	55	-201	48	-19	-6

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	6.44	9.84	6.19	11.84	17.01	12.89	13.3	17.57	15.8	12.57
ROCE (%)	8.75	9.33	9.62	13.5	15.2	14.27	15.71	19.29	17.09	13.78
Asset Turnover Ratio	0.71	0.74	0.76	0.77	0.8	0.76	0.72	0.72	0.89	0.97
PAT to CFO Conversion(x)	1.93	2.76	5.72	3.37	2.31	2.19	2.75	2.6	1.6	2.73
Working Capital Days
Receivable Days	13	12	13	13	13	14	14	16	15	14
Inventory Days	57	49	41	39	39	40	40	38	37	33
Payable Days	147	126	125	184	241	229	181	174	175	157

JK Cement Ltd Stock News

JK Cement Ltd FAQs

What is the share price of JK Cement?

Company share prices are keep on changing according to the market conditions. The closing price of JK Cement on 18-May-2024 12:50 is ₹3,892.

What is the market cap of JK Cement?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-May-2024 12:50 the market cap of JK Cement stood at ₹30,181.8.

What is the P/E ratio of JK Cement?

The latest P/E ratio of JK Cement as of 18-May-2024 12:50 is 36.34.

What is the P/B ratio of JK Cement?

The latest P/B ratio of JK Cement as of 18-May-2024 12:50 is 5.64.

What is the 52-week high and low of JK Cement?

The 52-week high of JK Cement is ₹4,565.4 and the 52-week low is ₹2,896.1.

What is the TTM revenue of JK Cement?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JK Cement is ₹10,918 ( Cr.) .

About JK Cement Ltd

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

JK Cement SwachhAbility Run bags CSR Campaign of the year and Build Safe (JK Super Cement) awarded the Best Social Media Campaign at Realty Awards in association with IGBC
JK Cement Ltd. honored with the title of 'India's Best Company of the year 2017
Golden Peacock Eco-Innovation Award
Gold at ACEF for SwachhAbility Run
Gold at ACEF for 'Bal Sabha at Diggi Mela'
Five Star Rating by IBM for Mangrol Mines
Brand Revitalization Award by GMEA
Best Place to Work in Cement Industry by IHRC
2nd prize for 'Best Energy Efficiency Organization' by CII
Certificate of Excellence Gotan
Certificate of Excellence Nimbahera
Dr.Gaur HariSinghania Chairman, JK Cement Ltd being honoured with Lifetime Achievement Award by Justice Virendra Jain

Financial Year 2020-2021

Brand of the Year' in the 'Cement & Concrete' segment at Realty+ Interior and Exterior Awards 2020.
Prestigious Brands of Asia 2019 Award at Global Business Symposium, Malaysia.
The Prestigious Super brand Award for JK Wall Putty and JK White Cement.
'Top Rankers Excellence Award for Marketing Leadership' by Top Rankers Management Club.
9th Global Customer Engagement Awards for the JK Cement WallMaxX TVC.
JK Super Cement recognized by the Madhya Pradesh Police for 'Best initiative for Improved Road Safety'.
GERA Excellence Award 2019 (Global Entrepreneurship Recognition Award) for Innovative CSR Best Practices.
JK Super Cement conferred with 'Safety Campaign of the Year' and 'Long-term Rural Engagement Program of the Year' at ACEF Asian Leaders Awards 2019.
JK Cement awarded with the Best Growth Performance in the Cement category at Dun & Bradstreet Corporate Awards 2019.
'Great Place to Work 2020' certification.
Top Challengers 2020 award by Construction World Magazine Awards 2020.
Platinum Award from Apex India Foundation for Excellence in Occupational Health & Safety.