849.4500 -11.50 (-1.34%)
NSE Sep 26, 2025 15:31 PM
Volume: 126.6K
 

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JK Lakshmi Cement Ltd.
27 May 2019, 10:01AM
849.45
-1.34%
HDFC Securities
We estimate JKLC's EBITDA CAGR of 25% driven by pricing and cost tailwinds during FY19-21E. JKLC's upcoming 20MW CPP in Durg and GU in Cuttak will improve east profitability. Increased profitability along with slower capex pace should keep net D/E at comfortable levels (below 1x). We maintain NEUTRAL rating with TP Rs 378/share, as the stock appears fully valued currently. We retain NEUTRAL rating on JK Lakshmi (JKLC) with SOTP based TP of Rs 378 (Standalone at 8x FY21 EBITDA, its 71% holding in Udaipur Cements at 20% disc and ascribe 50% value to FY21E CWIP). Our TP implies EV/MT of USD 80
JK Lakshmi Cement Ltd. is trading above its 200 day SMA of 843.8
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