JK Lakshmi Cement Ltd.    
21 Sep 2020
287.05
-0.36%
Axis Direct
JKLC is a dominant player in the cement industry in its key markets of North and West India and derives 75% of its revenue from these two regions and has a sizeable market presence in the Eastern India also . The total cement capacity of the company stands at 13.3 mntpa.
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JK Lakshmi Cement Ltd. has an average target of 337.67 from 10 brokers.
JK Lakshmi Cement Ltd.    
21 Aug 2020
287.05
-0.36%
Geojit BNP Paribas
Covid-19 impacts the volumes but better than industry JKLC reported revenue de-growth of 20.8%YoY mainly impacted by volume declines (18%YoY) owing to lock-down restrictions on account of Covid-19. However, the volumes are better than industry (de-growth of ~38%YoY). Blended realisation degrew by 3.4% YoY due to higher than normal percentage of clinker sales (0.3MT Vs 0.11MTYoY). We remain cautious about the demand outlook in the short-term due to current uncertain situation. We factor ~7%YoY decline in volumes in FY21 but healthy double digit recovery in FY22E supported by revival in economic activities. The much awaited brownfield capacity expansion is likely to be announced in the coming quarter...
JK Lakshmi Cement Ltd. has gained 43.96% in the last 6 Months
JK Lakshmi Cement Ltd.    
21 Aug 2020
287.05
-0.36%
Axis Direct
We initiate coverage on JK Lakshmi Cement Ltd with a BUY recommendation and a Target Price of Rs 339, which implies an upside of 23% from the current levels.
JK Lakshmi Cement Ltd. has an average target of 337.67 from 10 brokers.
JK Lakshmi Cement Ltd.    
10 Aug 2020
287.05
-0.36%
ICICI Securities Limited
Focus on cost efficiencies to drive margin expansion Being predominantly a north (8.2MT capacity) and central (3.5 MT capacity) player, the company has got structural advantage of balanced supply and demand environment in these two high growing regions. Further, selfsufficiency in power, through captive power plant (CPP) of 54 MW, waste heat recovery (WHR) plant of 14 MW and solar power plant of 6 MW has helped the company to reduce reliance on costly grid power. In the eastern region, the company has already commissioned its 7 MW WHR plant and has recently commissioned CPP of 20MW, to become self-sufficient. To...
JK Lakshmi Cement Ltd. has an average target of 337.67 from 10 brokers.
JK Lakshmi Cement Ltd.    
10 Aug 2020
287.05
-0.36%
Nirmal Bang Institutional
Higher clinker sales result in weak margins NBIE Values your patronage- Vote for The Team in the Asia Money poll 2020. Click Here JK Lakshmi Cement (JKLC) has reported weak set of numbers for 1QFY21 compared to the industry as higher clinker sales resulted in lower margins. Revenue at Rs8.25bn declined by 21% YoY but was 20% ahead of our estimate. However, despite the beat on revenue, EBITDA at Rs1.43bn was 3% below our estimate. EBITDA/mt was much lower at Rs750 against our expectation of Rs972 and industry average, which is well in excess of Rs1,000. The company...
JK Lakshmi Cement Ltd. is trading above all available SMAs
JK Lakshmi Cement Ltd.    
25 May 2020
287.05
-0.36%
Chola Wealth Direct
Background: JK Lakshmi Cements (JKLC) is a north Indian Cement player, established in 1982. JKLC has clinker units in Sirohi, Rajasthan and grinding units in Rajasthan, Gujarat and Haryana. The current clinker capacity is 6.2 MTPA and cement capacity is 11.5 MTPA. JKLC derives sales volume from the northern and western regions. The company has market share of ~6-7% in the northern region and ~9-10% in western regions. JKLC is on the spree of capacity expansion;...
JK Lakshmi Cement Ltd. has gained 43.96% in the last 6 Months
JK Lakshmi Cement Ltd.    
22 May 2020
287.05
-0.36%
HDFC Securities
We have reduced EBITDA est for FY21/22E by 4/4% each as we factor in higher impact of Covid and build in EBITDA to decline at 3% CAGR during FY20-22E. We value the standalone cement biz at 8x FY22E EBITDA and value its 72.5% holding in Udaipur Cement Works at 20% disc. Thus, our SOTP based TP remains unchanged at Rs 370. We continue to like the co for its large presence in north markets and on increased cost controls. We maintain BUY on JK Lakshmi Cement with a TP of Rs 370. A sharp 16% vol dip in 4QFY20 pulled down FY20 vol by 5% YoY. The Covid impact will further pull down FY21E volume by 16% YoY. However, we build in 21% vol recovery in FY22E. This along with falling energy costs in FY21 to limit standalone EBITDA decline CAGR at 3% during FY20-22E. Healthy cash flows keep leverage comfortable and support capex acceleration FY22E onwards. In 4QFY20, despite lower vols, healthy pricing in the north/Guj markets boosted standalone EBITDA/APAT by 54/133%.
JK Lakshmi Cement Ltd. has gained 43.96% in the last 6 Months
JK Lakshmi Cement Ltd.    
22 May 2020
287.05
-0.36%
ICICI Securities Limited
JK Lakshmi Cement reported better-than-expected Q4FY20 numbers. Revenues for Q4FY20 fell 9.5% YoY to | 1,061 crore (vs. I-direct estimates of | 910 crore). Revenues declined on account of a 15.1% drop in volumes YoY to 2.5 MT (vs. I-direct estimate of 2.11 MT). Average realisations for the quarter were at | 4,242 per tonne (vs. I-direct estimate of | 4,320/t). Prices remaining high in north and west supported realisation growth. EBITDA margins of the company expanded 784 bps YoY to 19% while EBITDA/t increased 81% YoY to | 808/t (vs. I-direct estimate of | 650/t) led by...
JK Lakshmi Cement Ltd. has gained 43.96% in the last 6 Months
JK Lakshmi Cement Ltd.    
22 May 2020
287.05
-0.36%
Nirmal Bang Institutional
JK Lakshmi Cement (JKLC) has reported good set of numbers for 4QFY20 with revenue and EBITDA of Rs10.6bn and Rs2bn, respectively, which were ahead of our as well as consensus estimates. The company has reported substantial drop in volume at 16% YoY whereas pricing has been better with 7.9% YoY growth (flat QoQ). JKLC's high exposure to markets in Gujarat and Chhattisgarh is a concern in our view given the weak demand and pricing environment in these two states. The company is operating at full clinker capacity utilization but still does third party clinker sales as according to them it is remunerative compared to sale of cement. The debt level has come down from FY19 level in the absence of capex and it is likely to come down further in FY21. The...
JK Lakshmi Cement Ltd. has gained 43.96% in the last 6 Months
JK Lakshmi Cement Ltd.    
21 May 2020
287.05
-0.36%
buy
Dolat Capital
JKLC posted (9.5%)/ 53.9%/ 128.5% YoY growth in revenue/ EBITDA/ APAT to Rs10.6 bn/ Rs2.0 bn/ Rs988 mn in Q4FY20 driven by 7.7% YoY realization growth (-0.5% QoQ). We expect 1.5%/ 0.6%/ (4.3%) revenue/ EBITDA/ APAT CAGR over FY20-22E led by (15.0%)/ 20.0% volume growth and (1.0%)/ 2.0% cement realization growth in FY21E/ FY22E. We reduce our FY21E estimates by 21.1%/ 26%/ 49.4% for revenue/ EBITDA/ APAT primarily due to (-15%) vs. 0.9% volume growth and (1%) vs. 0.7% realization growth to factor extended COVID-19...
JK Lakshmi Cement Ltd. has an average target of 337.67 from 10 brokers.