J K Cements Ltd

J K Cements Ltd

₹ 5,766 -0.10%
10 Jun - 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 44,531 Cr.
  • Current Price 5,766
  • High / Low 6,100 / 3,891
  • Stock P/E 56.4
  • Book Value 788
  • Dividend Yield 0.26 %
  • ROCE 13.9 %
  • ROE 13.8 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 21.6%

Cons

  • Stock is trading at 7.32 times its book value
  • Company has a low return on equity of 13.2% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
2,351 2,272 2,228 2,436 2,778 2,763 2,753 2,935 3,106 2,808 2,560 2,930 3,581
1,967 1,866 1,923 2,189 2,428 2,355 2,286 2,310 2,546 2,321 2,276 2,438 2,816
Operating Profit 384 406 305 247 350 408 467 625 560 486 284 492 765
OPM % 16% 18% 14% 10% 13% 15% 17% 21% 18% 17% 11% 17% 21%
42 15 22 19 38 17 29 38 55 45 140 45 46
Interest 73 65 67 79 101 109 115 114 115 110 123 112 113
Depreciation 91 106 106 118 132 135 141 140 153 147 146 146 162
Profit before tax 262 250 154 69 154 181 241 409 347 273 155 279 535
Tax % 24% 36% 28% 46% 31% 37% 27% 31% 37% 32% 12% 32% 32%
199 161 111 37 107 113 176 284 220 185 136 190 361
EPS in Rs 26.03 21.06 14.54 5.05 14.17 14.84 22.69 36.73 28.44 23.98 16.28 24.54 46.64
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,790 3,401 4,362 4,010 4,854 5,259 5,802 6,606 7,991 9,720 11,556 11,879
2,437 2,948 3,816 3,284 4,064 4,420 4,556 5,022 6,478 8,393 9,485 9,852
Operating Profit 353 453 546 726 789 839 1,246 1,585 1,513 1,327 2,071 2,027
OPM % 13% 13% 13% 18% 16% 16% 21% 24% 19% 14% 18% 17%
48 67 50 79 110 76 53 67 112 75 129 276
Interest 153 229 305 303 284 261 276 253 270 312 453 459
Depreciation 134 146 197 217 231 241 288 306 342 462 573 601
Profit before tax 114 144 94 286 383 412 734 1,093 1,013 628 1,174 1,242
Tax % 34% 2% 41% 40% 25% 36% 34% 36% 33% 34% 33% 30%
75 142 55 172 286 264 483 703 679 416 790 872
EPS in Rs 11.03 20.54 8.27 25.42 41.41 34.99 63.73 91.85 88.93 54.82 102.35 111.45
Dividend Payout % 27% 19% 48% 31% 24% 29% 12% 16% 17% 27% 20% 18%
Compounded Sales Growth
10 Years: 13%
5 Years: 15%
3 Years: 14%
TTM: 3%
Compounded Profit Growth
10 Years: 20%
5 Years: 9%
3 Years: 4%
TTM: -1%
Stock Price CAGR
10 Years: 26%
5 Years: 38%
3 Years: 39%
1 Year: 36%
Return on Equity
10 Years: 14%
5 Years: 15%
3 Years: 13%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 70 70 70 70 70 77 77 77 77 77 77 77
Reserves 1,676 1,547 1,517 1,641 1,905 2,625 2,950 3,659 4,248 4,607 5,290 6,012
2,783 3,229 3,323 3,317 2,941 2,973 3,503 3,626 4,115 5,292 5,549 6,028
1,234 1,205 1,275 1,383 1,541 1,737 2,011 2,509 2,963 3,331 3,886 4,564
Total Liabilities 5,764 6,051 6,185 6,411 6,456 7,413 8,542 9,872 11,403 13,307 14,802 16,682
2,327 4,074 4,254 4,542 4,443 4,537 5,554 5,937 6,544 8,467 9,298 9,519
CWIP 1,788 337 321 127 104 574 530 509 1,032 592 464 1,317
Investments 68 37 79 80 119 438 46 142 216 92 368 601
1,582 1,603 1,532 1,662 1,789 1,863 2,412 3,283 3,612 4,155 4,672 5,244
Total Assets 5,764 6,051 6,185 6,411 6,456 7,413 8,542 9,872 11,403 13,307 14,802 16,682

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
364 256 580 772 883 704 1,372 1,593 878 1,377 1,959 1,939
-1,558 -478 -408 -668 -79 -825 -1,483 -1,348 -984 -1,964 -1,626 -1,910
1,227 230 -193 -346 -723 173 -113 -137 62 741 -416 74
Net Cash Flow 33 8 -21 -242 81 52 -225 108 -44 154 -83 104

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 15 19 18 18 18 18 17 20 20 18 18 24
Inventory Days 466 345 258 292 269 257 288 257 343 223 235 213
Days Payable 378 196 160 222 303 179 205 204 203 188 185 199
Cash Conversion Cycle 102 169 116 88 -17 96 100 73 159 53 68 38
Working Capital Days -10 6 -12 -7 -9 -12 -1 20 58 33 39 32
ROCE % 7% 8% 8% 12% 14% 13% 17% 20% 17% 10% 16% 14%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
45.84% 45.84% 45.84% 45.83% 45.80% 45.80% 45.70% 45.70% 45.70% 45.68% 45.68% 45.68%
16.06% 15.63% 15.88% 15.54% 15.50% 14.40% 15.25% 15.92% 17.71% 17.55% 16.88% 16.14%
21.09% 21.91% 21.85% 22.46% 23.15% 24.25% 24.01% 23.37% 22.06% 22.43% 23.70% 24.50%
17.01% 16.63% 16.42% 16.17% 15.54% 15.54% 15.00% 14.99% 14.52% 14.32% 13.73% 13.68%
No. of Shareholders 89,86282,39176,44475,76371,76472,58268,18177,58079,16281,19674,52773,428

* 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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