J K Cements Ltd

J K Cements Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

J K Cements Ltd

₹ 4,003 1.28%
21 Nov 3:47 p.m.
jkcement.com BSE: 532644 NSE: JKCEMENT
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]

Website BSE NSE
  • Market Cap ₹ 30,930 Cr.
  • Current Price ₹ 4,003
  • High / Low ₹ 4,896 / 3,474
  • Stock P/E 42.7
  • Book Value ₹ 715
  • Dividend Yield 0.39 %
  • ROCE 15.8 %
  • ROE 15.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 21.3%

Cons

  • Stock is trading at 5.56 times its book value
  • 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.

Peer comparison

Sector: Cement Industry: Cement - North India

Part of Nifty LargeMidcap 250 Nifty Midcap 150 BSE Commodities BSE SmallCap Select Index BSE 150 MidCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,895 2,030 2,351 2,272 2,228 2,436 2,778 2,763 2,753 2,935 3,106 2,808 2,560
1,565 1,665 1,967 1,866 1,923 2,189 2,428 2,355 2,286 2,310 2,546 2,321 2,276
Operating Profit 330 366 384 406 305 247 350 408 467 625 560 486 284
OPM % 17% 18% 16% 18% 14% 10% 13% 15% 17% 21% 18% 17% 11%
48 26 42 15 22 19 38 17 29 38 55 45 140
Interest 64 71 73 65 67 79 101 109 115 114 115 110 123
Depreciation 84 87 91 106 106 118 132 135 141 140 153 147 146
Profit before tax 230 234 262 250 154 69 154 181 241 409 347 273 155
Tax % 35% 40% 24% 36% 28% 46% 31% 37% 27% 31% 37% 32% 12%
150 140 199 161 111 37 107 113 176 284 220 185 136
EPS in Rs 19.59 18.47 26.03 21.06 14.54 5.05 14.17 14.84 22.69 36.73 28.44 23.98 16.28
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 3,401 4,362 4,010 4,854 5,259 5,802 6,606 7,991 9,720 11,556 11,408
2,348 2,437 2,948 3,816 3,284 4,064 4,420 4,556 5,022 6,478 8,393 9,485 9,453
Operating Profit 559 353 453 546 726 789 839 1,246 1,585 1,513 1,327 2,071 1,955
OPM % 19% 13% 13% 13% 18% 16% 16% 21% 24% 19% 14% 18% 17%
47 48 67 50 79 110 76 53 67 112 75 129 278
Interest 140 153 229 305 303 284 261 276 253 270 312 453 462
Depreciation 129 134 146 197 217 231 241 288 306 342 462 573 587
Profit before tax 338 114 144 94 286 383 412 734 1,093 1,013 628 1,174 1,184
Tax % 32% 34% 2% 41% 40% 25% 36% 34% 36% 33% 34% 33%
230 75 142 55 172 286 264 483 703 679 416 790 824
EPS in Rs 33.00 11.03 20.54 8.27 25.42 41.41 34.99 63.73 91.85 88.93 54.82 102.35 105.43
Dividend Payout % 20% 27% 19% 48% 31% 24% 29% 12% 16% 17% 27% 20%
Compounded Sales Growth
10 Years: 15%
5 Years: 17%
3 Years: 20%
TTM: 6%
Compounded Profit Growth
10 Years: 27%
5 Years: 25%
3 Years: 3%
TTM: 64%
Stock Price CAGR
10 Years: 20%
5 Years: 28%
3 Years: 5%
1 Year: 13%
Return on Equity
10 Years: 14%
5 Years: 16%
3 Years: 14%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,621 1,676 1,547 1,517 1,641 1,905 2,625 2,950 3,659 4,248 4,607 5,290 5,449
1,378 2,783 3,229 3,323 3,317 2,941 2,973 3,503 3,626 4,115 5,292 5,549 5,738
939 1,234 1,205 1,275 1,383 1,541 1,737 2,011 2,509 2,963 3,331 3,886 4,111
Total Liabilities 4,008 5,764 6,051 6,185 6,411 6,456 7,413 8,542 9,872 11,403 13,307 14,802 15,375
2,369 2,327 4,074 4,254 4,542 4,443 4,537 5,554 5,937 6,544 8,467 9,298 9,472
CWIP 255 1,788 337 321 127 104 574 530 509 1,032 592 464 515
Investments 32 68 37 79 80 119 438 46 142 216 92 368 448
1,352 1,582 1,603 1,532 1,662 1,789 1,863 2,412 3,283 3,612 4,155 4,672 4,940
Total Assets 4,008 5,764 6,051 6,185 6,411 6,456 7,413 8,542 9,872 11,403 13,307 14,802 15,375

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
382 364 256 580 772 883 704 1,372 1,593 878 1,377 1,959
-527 -1,558 -478 -408 -668 -79 -825 -1,483 -1,348 -984 -1,964 -1,626
87 1,227 230 -193 -346 -723 173 -113 -137 62 741 -416
Net Cash Flow -58 33 8 -21 -242 81 52 -225 108 -44 154 -83

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 19 18 18 18 18 17 20 20 18 18
Inventory Days 438 466 345 258 292 269 257 288 257 343 223 235
Days Payable 187 378 196 160 222 303 179 205 204 203 188 185
Cash Conversion Cycle 266 102 169 116 88 -17 96 100 73 159 53 68
Working Capital Days -2 -10 6 -12 -7 -9 -12 -1 20 58 33 39
ROCE % 16% 7% 8% 8% 12% 14% 13% 17% 20% 17% 10% 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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