J K Cements Ltd

J K Cements Ltd

₹ 4,136 3.32%
22 Nov - close price
About

The Company is engaged in the manufacturing and selling of Cement and Cement related products with over 4 decades of experience in cement manufacturing. It is an affiliate of the multi-disciplinary industrial conglomerate JK Organisation. [1]

Key Points

Market Position
The company is among the top 10 grey cement manufacturers in India. It is the fifth-largest cement manufacturer in North India. Furthermore, it has become the sixth-largest player in the central region. [1]

  • Market Cap 31,957 Cr.
  • Current Price 4,136
  • High / Low 4,896 / 3,522
  • Stock P/E 41.6
  • Book Value 705
  • Dividend Yield 0.36 %
  • ROCE 16.5 %
  • ROE 16.8 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 20.0%

Cons

  • Promoter holding has decreased over last 3 years: -11.9%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,836 1,940 2,269 2,163 2,142 2,340 2,665 2,624 2,571 2,785 2,939 2,643 2,392
1,506 1,570 1,886 1,756 1,845 2,094 2,301 2,221 2,124 2,176 2,391 2,164 2,119
Operating Profit 329 371 383 407 297 246 364 402 447 608 548 479 273
OPM % 18% 19% 17% 19% 14% 11% 14% 15% 17% 22% 19% 18% 11%
48 26 -89 15 23 18 36 14 28 35 53 44 37
Interest 59 65 69 62 62 74 98 105 109 111 111 107 120
Depreciation 69 72 76 90 90 101 112 118 120 118 131 124 126
Profit before tax 249 260 149 270 167 90 190 194 246 415 358 292 64
Tax % 32% 36% 42% 33% 25% 36% 27% 35% 27% 30% 34% 31% 29%
169 167 86 181 125 58 139 126 179 289 236 203 45
EPS in Rs 21.85 21.66 11.16 23.41 16.16 7.46 18.04 16.35 23.16 37.46 30.54 26.23 5.85
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,907 2,790 3,351 4,124 3,745 4,591 4,981 5,464 6,328 7,679 9,310 10,918 10,758
2,345 2,415 2,885 3,604 3,051 3,829 4,167 4,250 4,769 6,166 7,977 8,903 8,851
Operating Profit 562 376 466 520 694 762 814 1,214 1,560 1,513 1,333 2,015 1,908
OPM % 19% 13% 14% 13% 19% 17% 16% 22% 25% 20% 14% 18% 18%
46 47 49 57 80 109 76 -125 -99 -18 73 119 168
Interest 140 153 219 271 273 245 222 223 223 249 296 437 448
Depreciation 128 134 137 164 176 186 194 214 245 282 392 486 499
Profit before tax 341 136 159 142 324 440 474 652 993 964 718 1,212 1,129
Tax % 31% 29% 1% 27% 35% 22% 31% 39% 39% 35% 30% 31%
234 97 157 103 211 342 325 400 603 631 503 831 773
EPS in Rs 33.40 13.88 22.44 14.78 30.14 48.89 42.05 51.82 78.02 81.62 65.06 107.50 100.08
Dividend Payout % 19% 22% 18% 27% 27% 20% 24% 14% 19% 18% 23% 19%
Compounded Sales Growth
10 Years: 15%
5 Years: 17%
3 Years: 20%
TTM: 5%
Compounded Profit Growth
10 Years: 24%
5 Years: 21%
3 Years: 5%
TTM: 50%
Stock Price CAGR
10 Years: 21%
5 Years: 29%
3 Years: 7%
1 Year: 17%
Return on Equity
10 Years: 15%
5 Years: 17%
3 Years: 16%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 70 70 70 70 70 70 77 77 77 77 77 77 77
Reserves 1,627 1,689 1,577 1,620 1,802 2,077 2,816 3,052 3,656 4,174 4,562 5,276 5,369
1,272 2,320 2,609 2,643 2,643 2,354 2,359 2,776 2,999 3,267 4,966 5,232 5,616
933 1,024 1,093 1,231 1,329 1,483 1,696 1,950 2,437 2,824 3,218 3,699 3,863
Total Liabilities 3,902 5,103 5,348 5,564 5,843 5,984 6,947 7,855 9,169 10,342 12,823 14,285 14,925
2,364 2,313 3,338 3,523 3,680 3,597 3,635 4,468 4,809 5,368 7,301 8,082 8,335
CWIP 108 1,102 191 152 105 88 556 509 489 71 590 415 494
Investments 169 300 315 437 536 635 1,005 566 807 1,745 1,016 1,471 1,595
1,261 1,389 1,505 1,452 1,523 1,665 1,751 2,312 3,064 3,159 3,916 4,317 4,500
Total Assets 3,902 5,103 5,348 5,564 5,843 5,984 6,947 7,855 9,169 10,342 12,823 14,285 14,925

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
384 187 434 589 712 790 711 1,099 1,569 1,009 1,402 1,895
-477 -1,046 -458 -390 -655 -131 -863 -1,311 -1,515 -906 -2,072 -1,740
-7 874 84 -215 -302 -598 207 11 -6 -123 811 -297
Net Cash Flow -100 15 60 -16 -246 61 55 -201 48 -19 142 -142

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 14 15 15 15 14 15 15 15 18 19 16 15
Inventory Days 438 466 335 232 286 251 243 265 238 320 204 227
Days Payable 187 212 150 152 217 304 177 191 191 192 178 172
Cash Conversion Cycle 266 269 200 95 84 -38 80 89 66 147 42 70
Working Capital Days -2 16 8 -11 -11 -10 -15 0 18 54 31 39
ROCE % 17% 8% 9% 10% 14% 16% 14% 19% 23% 19% 12% 16%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.50% 45.82% 45.84% 45.84% 45.84% 45.83% 45.80% 45.80% 45.70% 45.70% 45.70% 45.68%
17.72% 16.47% 16.06% 15.63% 15.88% 15.54% 15.50% 14.40% 15.25% 15.92% 17.71% 17.55%
19.82% 20.65% 21.09% 21.91% 21.85% 22.46% 23.15% 24.25% 24.01% 23.37% 22.06% 22.43%
10.96% 17.06% 17.01% 16.63% 16.42% 16.17% 15.54% 15.54% 15.00% 14.99% 14.52% 14.32%
No. of Shareholders 77,46190,70189,86282,39176,44475,76371,76472,58268,18177,58079,16281,196

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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