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.

29 Jan 2020

851.50

0.45%

JK Lakshmi Cement (3QFY20): Healthy performance continues. Maintain BUY

Buy: JK Lakshmi Cement Ltd.

Target

HDFC Securities

Robust profitability should keep JKLC's net D/E at comfortable levels (below 1x), despite factoring in capex acceleration from FY21E. We thus, estimate its standalone net Debt/EBITDA to further cool off to below 1.5x levels during FY20-22E (vs its >3x levels in the last six years)! Stable north market outlook and healthy cashflow generation should drive re-rating for JKLC. We reiterate a Buy with a TP of Rs 485. We reiterate BUY on JK Lakshmi (JKLC), with SOTP based TP of Rs 485 (Standalone at 8x Sep21E EBITDA, its 71% holding in Udaipur Cements at 20% disc and 50% value to Sep21E CWIP). Our TP implies EV of USD 84/MT.

JK Lakshmi Cement Ltd. has an average target of 993.75 from 4 brokers.

JK Lakshmi Cement Ltd.

29 Jan 2020

851.50

0.45%

JK Lakshmi Cement- 3QFY20 Result Update

JK Lakshmi Cement Ltd.

Reliance Securities

JK Lakshmi Cement Ltd. is trading below its 30 day SMA of 891.5

JK Lakshmi Cement Ltd.

08 Nov 2019

851.50

0.45%

EARNINGS UPDATE- JK LAKSHMI CEMENT 2QFY20

Buy: JK Lakshmi Cement Ltd.

Target

Chola Wealth Direct

Sector: Cement /Small Cap | Earnings Update 2QFY20 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...

JK Lakshmi Cement Ltd. is trading below its 30 day SMA of 891.5

JK Lakshmi Cement Ltd.

06 Nov 2019

851.50

0.45%

JK LAKSHMI CEMENT LTD

Buy: JK Lakshmi Cement Ltd.

Recommendation

Geojit BNP Paribas

Q2FY20 revenue grew by 9.9%YoY aided by strong growth in realisation at 13.4%YoY while volume de-grew by ~3%YoY. Volume decline was mainly due to impact of cyclone in East. Improvement in trade sales in the mix and higher North volumes supported growth in realisation. EBITDA per ton improved to Rs722 from Rs431 YoY mainly supported by realisation growth while total cost increased by 7%YoY . Commissioning of new grinding unit (Odisha 0.8MT) and 20MW thermal power plant in East will bring cost savings while benefit from softening of pet coke prices is expected in coming quarters....

JK Lakshmi Cement Ltd. is trading above its 200 day SMA of 843.4

JK Lakshmi Cement Ltd.

05 Nov 2019

851.50

0.45%

JK Lakshmi Cement (2QFY20): Solid recovery continues. Maintain BUY

Buy: JK Lakshmi Cement Ltd.

Recommendation Target

HDFC Securities

Robust profitability should keep JKLC's net D/E at comfortable levels (below 1x), despite factoring in capex acceleration from FY21E. We thus, estimate its standalone net Debt/EBITDA to further cool off to below 1.5x levels during FY20-22E (vs its >3x levels during the preceding six years)! We reiterate Buy with a revised TP of Rs 483. We reiterate BUY on JK Lakshmi (JKLC), with SOTP based TP of Rs 483 (Standalone at 8x Sep21E EBITDA, its 71% holding in Udaipur Cements at 20% disc and 50% value to Sep21E CWIP). Our TP implies EV of USD 86/MT.

JK Lakshmi Cement Ltd. has an average target of 993.75 from 4 brokers.

JK Lakshmi Cement Ltd.

05 Nov 2019

851.50

0.45%

JK Lakshmi Cement

Buy: JK Lakshmi Cement Ltd.

ICICI Securities Limited

JK Lakshmi Cement reported strong growth in revenues and profitability in Q2FY20. However, while revenues beat our estimates, profitability during the quarter was below our forecasts due to higher production costs. The company reported 10% revenue growth to | 935.5 crore (above I-direct estimate of | 877.4 crore). Volumes remained in line with I-direct estimates at 2.06 MT, declining 3% YoY. Topline growth was driven entirely by 13.4% growth in realisations to | 4,540/t (I-direct estimates of | 4,280/t). EBITDA/t increased ~68% YoY to | 722/t while EBITDA margins expanded 513 bps...

JK Lakshmi Cement Ltd. has an average target of 993.75 from 4 brokers.

JK Lakshmi Cement Ltd.

04 Nov 2019

851.50

0.45%

Beat led by realizations

Buy: JK Lakshmi Cement Ltd.

Target

Motilal Oswal

Total sales declined 3% YoY to 2.06mt in 2QFY20. While cement sales were up 3% YoY to 1.92mt, clinker sales declined 49% YoY to 0.13mt. Realizations increased 13% YoY to INR4,541/t 4 November 2019 INR1.1b), with the margin at 15.9% (up ~5pp YoY). PAT increased 6x YoY to Sales/EBITDA/PAT increased 11%/72%/5x YoY. Cash conversion rate (operating cash flow/ EBITDA) was low at 0.5x due to higher working capital, resulting in weak operating cash flow of INR1.3b. Working capital was impacted by an increase in inventory by 13 days and in receivable days by 3 over 1HFY20. For 2HFY20, we expect sales/EBITDA/PAT growth of 8%/46%/90% YoY.

JK Lakshmi Cement Ltd. has an average target of 993.75 from 4 brokers.

JK Lakshmi Cement Ltd.

04 Nov 2019

851.50

0.45%

Q2FY20 Result Update

Buy: JK Lakshmi Cement Ltd.

Recommendation Target

Prabhudas Lilladhar

to remain weak link for JKLC due to depressed prices and high competition intensity. Commissioning of 20MW CPP, 8MW WHR and 0.8mtpa Grinding unit (GU) at Odisha would add in little to margin expansion of Eastern operations due to intense competition in the region, severe shortage of...

JK Lakshmi Cement Ltd. has an average target of 993.75 from 4 brokers.

JK Lakshmi Cement Ltd.

04 Nov 2019

851.50

0.45%

JK Lakshmi Cement- 2QFY20 Result Update

Buy: JK Lakshmi Cement Ltd.

Target

Reliance Securities

Aided by higher-than-expected realisation, JK Lakshmi Cement (JKLC) has reported a strong set of numbers for 2QFY20, despite dismal sales volume. EBITDA grew by a stellar 62% YoY to Rs1.48bn vs. our estimate of Rs1.1bn, while EBITDA/tonne stood strong at Rs722 (vs. our estimate of Rs526) vs. Rs431 and Rs729 in 2QFY19 and 1QFY20, respectively owing to Rs370/tonne higher realisation than our estimate. Average realisation/tonne increased by 13.4% YoY to Rs4,541, which is even sequentially higher by 1.6%. Notably, low sales volume in Chhattisgarh markets and higher volume in Northern region led to higher realisations. Sales volume declined by 3% YoY and 11.6% QoQ to 2.06mnT in 2QFY20, while it declined marginally by 0.5% in 1HFY20....

JK Lakshmi Cement Ltd. is trading below its 30 day SMA of 891.5

JK Lakshmi Cement Ltd.

13 Aug 2019

851.50

0.45%

JK LAKSHMI CEMENT LTD

Accumulate: JK Lakshmi Cement Ltd.

Recommendation Target

Geojit BNP Paribas

JKLC's revenue grew by 12.8%YoY aided by healthy growth in realisation at 10.7%YoY while volume growth was ~2%YoY. EBITDA per ton improved to Rs729 from Rs410 YoY mainly supported by realisation growth while total cost increased by 3%YoY. JKLC has commissioned 20MW thermal power plant during Q1FY20 in Durg (East), expects cost saving of Rs40-50 by FY21E. Commissioning of new grinding unit in Orissa (0.8MT) is expected by the end of Q2FY20 which will support volume and cost saving. Pet coke prices have softened from the peak (Rs7,800 Vs Rs8,100 QoQ) and the benefit is expected in the coming quarters....

JK Lakshmi Cement Ltd. is trading below its 30 day SMA of 891.5

Is JK Lakshmi Cement Ltd. worth buying?

159 Votes:

Buy 83.65%

Sell 6.29%

Hold 10.06%

RESEARCH REPORTS

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