J K Cements Ltd

J K Cements Ltd

₹ 4,327 2.00%
14 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

Product segments and Brands FY22

  • Market Cap 33,432 Cr.
  • Current Price 4,327
  • High / Low 4,575 / 3,000
  • Stock P/E 42.1
  • Book Value 695
  • Dividend Yield 0.35 %
  • ROCE 15.7 %
  • ROE 15.8 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 21.2%

Cons

  • Stock is trading at 6.23 times its book value
  • Promoter holding has decreased over last 3 years: -12.0%

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2,134 1,714 1,895 2,030 2,351 2,272 2,228 2,436 2,778 2,763 2,753 2,935 3,106
1,690 1,311 1,565 1,665 1,967 1,866 1,923 2,189 2,428 2,355 2,286 2,310 2,546
Operating Profit 444 403 330 366 384 406 305 247 350 408 467 625 560
OPM % 21% 24% 17% 18% 16% 18% 14% 10% 13% 15% 17% 21% 18%
34 27 48 26 42 15 22 19 38 17 29 38 55
Interest 59 62 64 71 73 65 67 79 101 109 115 114 115
Depreciation 80 81 84 87 91 106 106 118 132 135 141 140 153
Profit before tax 339 287 230 234 262 250 154 69 154 181 241 409 347
Tax % 37% 34% 35% 40% 24% 36% 28% 46% 31% 37% 27% 31% 37%
214 190 150 140 199 161 111 37 107 113 176 284 220
EPS in Rs 27.94 24.84 19.59 18.47 26.03 21.06 14.54 5.05 14.17 14.84 22.69 36.73 28.44
Raw PDF

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
2,907 2,790 3,401 4,362 4,010 4,854 5,259 5,802 6,606 7,991 9,720 11,556
2,348 2,437 2,948 3,816 3,284 4,064 4,420 4,556 5,022 6,478 8,393 9,496
Operating Profit 559 353 453 546 726 789 839 1,246 1,585 1,513 1,327 2,060
OPM % 19% 13% 13% 13% 18% 16% 16% 21% 24% 19% 14% 18%
47 48 67 50 79 110 76 53 67 112 75 140
Interest 140 153 229 305 303 284 261 276 253 270 312 453
Depreciation 129 134 146 197 217 231 241 288 306 342 458 573
Profit before tax 338 114 144 94 286 383 412 734 1,093 1,013 631 1,174
Tax % 32% 34% 2% 41% 40% 25% 36% 34% 36% 33% 34% 33%
230 75 142 55 172 286 264 483 703 679 419 790
EPS in Rs 33.00 11.03 20.54 8.27 25.42 41.41 34.99 63.73 91.85 88.93 55.18 102.35
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: 19%
Compounded Profit Growth
10 Years: 27%
5 Years: 24%
3 Years: 3%
TTM: 86%
Stock Price CAGR
10 Years: 27%
5 Years: 34%
3 Years: 15%
1 Year: 29%
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
Equity Capital 70 70 70 70 70 70 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 4,609 5,290
1,378 2,783 3,229 3,323 3,317 2,941 2,973 3,503 3,626 4,115 5,292 5,549
939 1,234 1,205 1,275 1,383 1,541 1,737 2,011 2,509 2,963 3,306 3,886
Total Liabilities 4,008 5,764 6,051 6,185 6,411 6,456 7,413 8,542 9,872 11,403 13,285 14,802
2,369 2,327 4,074 4,254 4,542 4,443 4,537 5,554 5,937 6,544 8,210 9,298
CWIP 255 1,788 337 321 127 104 574 530 509 1,032 828 464
Investments 32 68 37 79 80 119 438 46 142 216 92 368
1,352 1,582 1,603 1,532 1,662 1,789 1,863 2,412 3,283 3,612 4,155 4,672
Total Assets 4,008 5,764 6,051 6,185 6,411 6,456 7,413 8,542 9,872 11,403 13,285 14,802

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 -1,636
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 -92

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 438 466 345 258 292 269 257 288 257 343 225 235
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 55 68
Working Capital Days -2 -10 6 -12 -7 -9 -12 -1 20 58 33 42
ROCE % 16% 7% 8% 8% 12% 14% 13% 17% 20% 17% 10%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
57.63% 57.62% 51.50% 45.82% 45.84% 45.84% 45.84% 45.83% 45.80% 45.80% 45.70% 45.70%
16.90% 17.39% 17.72% 16.47% 16.06% 15.63% 15.88% 15.54% 15.50% 14.40% 15.25% 15.92%
20.59% 20.10% 19.82% 20.65% 21.09% 21.91% 21.85% 22.46% 23.15% 24.25% 24.01% 23.37%
4.88% 4.89% 10.96% 17.06% 17.01% 16.63% 16.42% 16.17% 15.54% 15.54% 15.00% 14.99%
No. of Shareholders 73,06578,50077,46190,70189,86282,39176,44475,76371,76472,58268,18177,580

* 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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