JK Lakshmi Cement Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for JKLAKSHMI, BSE:500380 JK Lakshmi Cement Ltd.

JK Lakshmi Cement Ltd.

21 Aug 2020

852.00

-0.93%

JK LAKSHMI CEMENT LTD

Buy: JK Lakshmi Cement Ltd.

Recommendation Target

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. is trading above its 200 day SMA of 843.7

JK Lakshmi Cement Ltd.

21 Aug 2020

852.00

-0.93%

Initiating Coverage:JK Lakshmi Cem.

Buy: JK Lakshmi Cement Ltd.

Target

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 987.00 from 5 brokers.

JK Lakshmi Cement Ltd.

10 Aug 2020

852.00

-0.93%

JK Lakshmi Cement

Buy: JK Lakshmi Cement Ltd.

Target

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 987.00 from 5 brokers.

JK Lakshmi Cement Ltd.

10 Aug 2020

852.00

-0.93%

Q1FY21 Result Update - Lower costs drove the beat, Maintain BUY

Buy: JK Lakshmi Cement Ltd.

Target

Prabhudas Lilladhar

margins in North and Gujarat regions. East region would witness flooding of capacity addition over next couple of years. However, we do not expect further deterioration in region's margins given the wafer thin margins (with near nil RoCE) and likely consolidation. Commissioning of CPP, WHR and split grinding unit at Odisha further boosted the cost competitiveness of its East operations. Led by bottomed-out earnings in East operations (25% of volumes) and strong outlook on North and Gujarat region (combined 75%), JKLC's earnings quality improved significantly over last couple of years....

JK Lakshmi Cement Ltd. is trading above its 200 day SMA of 843.7

JK Lakshmi Cement Ltd.

25 May 2020

852.00

-0.93%

EARNINGS UPDATE- JKLC 4QFY20

Buy: JK Lakshmi Cement Ltd.

Target

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. is trading above its 200 day SMA of 843.7

JK Lakshmi Cement Ltd.

22 May 2020

852.00

-0.93%

JK Lakshmi Cement

Buy: JK Lakshmi Cement Ltd.

Target

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. is trading above its 200 day SMA of 843.7

JK Lakshmi Cement Ltd.

21 May 2020

852.00

-0.93%

JK Lakshmi Cem

Buy: JK Lakshmi Cement Ltd.

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 987.00 from 5 brokers.

JK Lakshmi Cement Ltd.

11 May 2020

852.00

-0.93%

JK LAKSHMI CEMENT LTD

Accumulate: JK Lakshmi Cement Ltd.

Target

Geojit BNP Paribas

The lockdown on account of COVID19 pandemic has impacted the industry volumes significantly due to lack of construction activities. April & May would be a wash out, and assuming gradual relaxation in lockdown and resumption of construction activities, we expect FY21E to end with ~15% volume decline for the industry. We expect JKLC's revenue to decline by ~13% for FY21E due to COVIDF19 impact and lack of capacity additions. The impact of decline in utilization on margin would be partially offset by the benefit of lower pet coke and crude prices. We expect EBITDA margin to decline to 15.1% in FY21E from 15.7% YoY....

JK Lakshmi Cement Ltd. is trading below its 30 day SMA of 901.6

JK Lakshmi Cement Ltd.

03 Feb 2020

852.00

-0.93%

JK LAKSHMI CEMENT LTD

Accumulate: JK Lakshmi Cement Ltd.

Recommendation

Geojit BNP Paribas

We maintain our Target at Rs.380 but downgrade to Accumulate due to recent surge in the stock price. Q3FY20 revenue grew by 7.5%YoY aided by 4.5% YoY growth in realisation while volume growth was 2.8%YoY. EBITDA per ton improved to Rs641 from Rs426 YoY mainly supported by realisation growth and benign cost. Coal linkage in 20MW power plant in East and expected 10MW Waste Heat Recovery will bring additional cost savings. JKLC's current focus is on deleveraging (repayment of ~Rs300p.a)...

JK Lakshmi Cement Ltd. has an average target of 987.00 from 5 brokers.

JK Lakshmi Cement Ltd.

30 Jan 2020

852.00

-0.93%

JK Lakshmi Cement

Buy: JK Lakshmi Cement Ltd.

ICICI Securities Limited

Lower realisation growth leads to miss in performance Volume growth to resume in FY21E; sales mix improving Owing to elections, heavy monsoons in several states and overall weakness in the economy, 9MFY19 volumes for cement growth remained flattish. Volumes have also remained flat for the first nine months. For FY20E, we expect the company to report ~3% decline in volumes (Q4FY19 being a very high base quarter). Led by expectations of a revival in the demand scenario, we expect healthy growth in FY21E. Realisations are also expected to grow...

JK Lakshmi Cement Ltd. has an average target of 987.00 from 5 brokers.

Is JK Lakshmi Cement Ltd. worth buying?

159 Votes:

Buy 83.65%

Sell 6.29%

Hold 10.06%

RESEARCH REPORTS

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