Name: Latest research reports of JK Cement Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: JK Cement Ltd.
Rating: 5
Author: ICICI Securities Limited

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	09 Sep 2025	JK Cement	Consensus Share Price Target	6797.50	6749.93	-	-0.70	buy	pdf Detailed Estimates
	14 Nov 2022	JK Cement	ICICI Securities Limited Target	6797.50	3365.00	2816.50 (141.35%)	Target met	Buy	pdf post cache	Broker Report Margins surprise; market share gains may sustain ICICI Securities Limited JK Cement’s (JKCE) Q2FY23 EBITDA at Rs3bn (down 16% YoY) was above our / consensus estimates of Rs2.5bn led by lower costs and better volumes. pdf Copy Link Share on Share on Share on Share on Alert
	14 Nov 2022	JK Cement	Motilal Oswal Target	6797.50	3370.00	2930.45 (131.96%)	Target met	Buy	pdf post cache	Broker Report White cement aids in better-than-peer performance Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	31 Oct 2022	JK Cement	Motilal Oswal Reco Target	6797.50	3170.00	2803.55 (142.46%)	Target met	Buy	pdf post cache	Broker Report Growth plans and cost savings to drive earnings Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	22 Oct 2022	JK Cement	Axis Direct Target	6797.50	2920.00	2680.50 (153.59%)	Target met	Buy	pdf post cache	Broker Report Pick of the Week:22 OCT 2022 Axis Direct We recommend a Buy the stock for a target price of Rs 2920/ implying an upside of 10% from CMP pdf Copy Link Share on Share on Share on Share on Alert
	23 Aug 2022	JK Cement	Axis Direct	6797.50	3020.00	2655.35 (155.99%)	Target met	Buy	pdf post cache	Broker Report Axis Annual Analysis:J K Cements Axis Direct We value JKCL at 13x FY24E EV/EBITDA and assign a BUY rating to the company with a TP of Rs 3,020/share, implying an upside potential of 13% from the CMP pdf Copy Link Share on Share on Share on Share on Alert
	17 Aug 2022	JK Cement	Axis Direct Target	6797.50	3020.00	2699.35 (151.82%)	Target met	Buy	pdf post cache	Broker Report Result Update:J K Cements Axis Direct We value JKCL at 13x FY24E EV/EBITDA to arrive at a TP of Rs 3,020 (Rs 2800 earlier) implying an upside of 14% from the CMP and maintaining our BUY rating on the stock. pdf Copy Link Share on Share on Share on Share on Alert
	17 Aug 2022	JK Cement	ICICI Direct Reco Target	6797.50	3050.00	2699.35 (151.82%)	Target met	Hold	pdf post cache	Broker Report JK Cement ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	15 Aug 2022	JK Cement	ICICI Securities Limited	6797.50	3170.00	2647.85 (156.72%)	Target met	Buy	pdf post cache	Broker Report Margins surprise; expansion on track ICICI Securities Limited JK Cement’s (JKCE) Q1FY23 EBITDA at Rs4bn, flat YoY, was better than our / consensus estimates of Rs3.5bn led by lower costs and better realisation. pdf Copy Link Share on Share on Share on Share on Alert
	15 Jun 2022	JK Cement	ICICI Securities Limited Reco Target	6797.50	3170.00	2136.95 (218.09%)	Target met	Buy	pdf post cache	Broker Report Market share gains, better profitability to drive re-rating ICICI Securities Limited In our view, JKCE would emerge as the sixth largest cement group in India with 21mnte grey plus white cement / putty capacity by Q3FY23 with potential to increase the same by >50% via brownfield expansion at ~US$70/te at its Panna unit (MP) in the medium term. pdf Copy Link Share on Share on Share on Share on Alert
	24 May 2022	JK Cement	Axis Direct Target	6797.50	2800.00	2374.20 (186.31%)	Target met	Buy	pdf post cache	Broker Report Result Update:J K Cements Axis Direct The stock is currently trading at 15x/12x FY23E/FY24E EV/EBITDA. We value JKCL at 13x FY24E EV/EBITDA to arrive at a TP of Rs 2,800 (Rs 3100 earlier) implying an upside of 15% from the CMP and maintaining our BUY rating on the stock. pdf Copy Link Share on Share on Share on Share on Alert
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74.68% Gain from 52W Low

JK Cement Ltd. share price target

JK Cement Ltd. has an average share price target of 6459.50. The consensus estimate represents a downside of -4.97% from the last price of 6797.50. View 20 reports from 9 analysts offering long-term price targets for JK Cement Ltd..

Margins surprise; market share gains may sustain

White cement aids in better-than-peer performance

Growth plans and cost savings to drive earnings

Pick of the Week:22 OCT 2022

Axis Annual Analysis:J K Cements

Result Update:J K Cements

JK Cement

Margins surprise; expansion on track

Market share gains, better profitability to drive re-rating

Result Update:J K Cements

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