|
15 Sep 2025 |
JK Cement
|
Consensus Share Price Target
|
6475.00 |
6765.11 |
- |
4.48 |
buy
|
|
|
|
|
23 Aug 2022
|
JK Cement
|
Axis Direct
|
6475.00
|
3020.00
|
2655.35
(143.85%)
|
Target met |
Buy
|
|
|
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
|
|
17 Aug 2022
|
JK Cement
|
ICICI Direct
|
6475.00
|
3050.00
|
2699.35
(139.87%)
|
Target met |
Hold
|
|
|
|
|
17 Aug 2022
|
JK Cement
|
Axis Direct
|
6475.00
|
3020.00
|
2699.35
(139.87%)
|
Target met |
Buy
|
|
|
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.
|
|
15 Aug 2022
|
JK Cement
|
ICICI Securities Limited
|
6475.00
|
3170.00
|
2647.85
(144.54%)
|
Target met |
Buy
|
|
|
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.
|
|
15 Jun 2022
|
JK Cement
|
ICICI Securities Limited
|
6475.00
|
3170.00
|
2136.95
(203.00%)
|
Target met |
Buy
|
|
|
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.
|
|
24 May 2022
|
JK Cement
|
ICICI Direct
|
6475.00
|
2850.00
|
2374.20
(172.72%)
|
Target met |
Buy
|
|
|
|
|
24 May 2022
|
JK Cement
|
Axis Direct
|
6475.00
|
2800.00
|
2374.20
(172.72%)
|
Target met |
Buy
|
|
|
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.
|
|
23 May 2022
|
JK Cement
|
Motilal Oswal
|
6475.00
|
2700.00
|
2374.20
(172.72%)
|
Target met |
Neutral
|
|
|
|
|
14 Mar 2022
|
JK Cement
|
Axis Direct
|
6475.00
|
3100.00
|
2276.70
(184.40%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on the stock and value it at 13x FY24E EV/EBITDA to arrive at a target price of Rs 3,100/share, implying an upside of 35% from the current levels.
|
|
17 Nov 2021
|
JK Cement
|
Axis Direct
|
6475.00
|
3870.00
|
3560.70
(81.85%)
|
|
Buy
|
|
|
We roll over our estimate to FY24 and value JKCL at 14x FY24E EV/EBITDA to arrive at a TP of Rs 3,870. TP implies an upside of 10% from CMP and we change our rating from HOLD to BUY.
|