6150.0000 -186.00 (-2.94%)
NSE Jun 30, 2025 15:31 PM
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JK Cement Ltd.
12 Feb 2020
6150.00
-2.94%
HDFC Securities
We reiterate BUY with a higher TP of Rs 1,654, valuing it at 10x Sep'21E consol EBITDA (in-line its 5-yr mean multiple). We like the co for its increased presence in the robust north market (grey biz) and for its steady growth in the white/putty segment. Its balance sheet remains under control (net Debt/EBITDA at ~2x in FY21-22), despite its large capacity increase across both grey cement (+40% to 14.7mn MT) and putty (+33% to 1.2 mn MT) by FY21E. We reiterate BUY on JK Cement (JKCE) with a TP of Rs 1,654 (10x its consol Sep21E EBITDA: EV/MT of USD 120).
JK Cement Ltd. has gained 24.68% in the last 3 Months
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