J K Cements Ltd

About [ edit ]

JK Cements is engaged in the manufacturing and selling of Cement and Cement related products.(Source : 202003-01 Annual Report Page No:87)

  • Market Cap 21,135 Cr.
  • Current Price 2,735
  • High / Low 2,917 / 795
  • Stock P/E 32.1
  • Book Value 427
  • Dividend Yield 0.27 %
  • ROCE 17.1 %
  • ROE 18.1 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 32.11% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 21.47%

Cons

  • Stock is trading at 6.40 times its book value
  • The company has delivered a poor sales growth of 11.28% over past five years.
  • Promoter holding has decreased over last 3 years: -6.42%

Peer comparison

Sector: Cement Industry: Cement - North India

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,202 1,178 1,328 1,565 1,394 1,318 1,472 1,546 1,005 1,634 1,833
1,033 1,001 1,120 1,277 1,086 1,062 1,182 1,194 792 1,203 1,382
Operating Profit 169 177 208 287 308 256 290 352 213 431 450
OPM % 14% 15% 16% 18% 22% 19% 20% 23% 21% 26% 25%
Other Income 16 18 12 35 17 18 23 27 20 29 30
Interest 66 67 65 63 65 69 66 66 67 61 66
Depreciation 59 62 59 61 64 69 70 73 74 75 78
Profit before tax 60 66 95 198 196 135 176 241 93 324 337
Tax % 25% 25% 59% 31% 33% 41% 29% 33% 46% 32% 35%
Net Profit 45 50 39 138 137 82 126 164 52 222 219
EPS in Rs 6.45 7.10 5.06 17.85 17.72 10.60 16.25 21.24 6.77 28.70 28.39
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,496 1,827 2,093 2,545 2,907 2,790 3,401 4,362 4,010 4,854 5,259 5,802 6,018
1,173 1,386 1,815 2,031 2,348 2,438 2,950 3,816 3,287 4,064 4,420 4,556 4,571
Operating Profit 323 441 278 514 559 353 451 546 724 789 839 1,246 1,446
OPM % 22% 24% 13% 20% 19% 13% 13% 13% 18% 16% 16% 21% 24%
Other Income 17 24 36 38 47 48 69 50 81 110 76 53 106
Interest 55 69 119 144 140 153 229 305 303 284 261 276 260
Depreciation 52 86 113 126 129 134 146 197 217 231 241 288 299
Profit before tax 233 310 82 283 338 114 144 94 286 383 412 734 994
Tax % 39% 28% 24% 38% 32% 34% 2% 41% 40% 25% 36% 34%
Net Profit 141 225 63 175 231 77 144 58 178 290 270 496 658
EPS in Rs 20.23 32.12 8.96 24.96 33.00 11.03 20.54 8.27 25.42 41.41 34.99 64.25 85.10
Dividend Payout % 17% 19% 22% 20% 20% 27% 19% 48% 31% 24% 29% 12%
Compounded Sales Growth
10 Years:12%
5 Years:11%
3 Years:13%
TTM:5%
Compounded Profit Growth
10 Years:9%
5 Years:32%
3 Years:40%
TTM:36%
Stock Price CAGR
10 Years:35%
5 Years:38%
3 Years:39%
1 Year:106%
Return on Equity
10 Years:11%
5 Years:13%
3 Years:16%
Last Year:18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
70 70 70 70 70 70 70 70 70 70 77 77 77
Reserves 1,115 1,281 1,325 1,452 1,621 1,676 1,547 1,517 1,641 1,905 2,625 2,950 3,223
Borrowings 1,073 1,074 1,319 1,219 1,378 2,783 3,229 3,323 3,317 2,941 2,973 3,503 3,294
441 544 685 835 939 1,234 1,205 1,275 1,383 1,541 1,737 2,011 2,554
Total Liabilities 2,699 2,969 3,399 3,576 4,008 5,764 6,051 6,185 6,411 6,456 7,413 8,542 9,149
1,236 2,053 2,297 2,317 2,369 2,327 4,074 4,254 4,542 4,443 4,537 5,554 5,495
CWIP 912 230 103 90 255 1,788 337 321 127 104 574 530 696
Investments 4 5 4 9 32 68 37 79 80 119 438 46 118
548 682 995 1,160 1,352 1,582 1,603 1,532 1,662 1,789 1,863 2,412 2,841
Total Assets 2,699 2,969 3,399 3,576 4,008 5,764 6,051 6,185 6,411 6,456 7,413 8,542 9,149

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
240 257 255 520 382 364 256 580 772 883 704 1,367
-667 -196 -280 -147 -527 -1,558 -478 -408 -668 -79 -825 -1,483
397 -75 214 -261 87 1,227 230 -193 -346 -723 173 -108
Net Cash Flow -30 -14 189 112 -58 33 8 -21 -242 81 52 -225

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 15% 16% 8% 16% 17% 7% 8% 8% 12% 14% 13% 17%
Debtor Days 13 16 11 12 14 15 19 18 18 18 18 17
Inventory Turnover 4.20 3.11 2.92 2.81 2.66 2.19 2.56 2.95 2.59 3.05 3.28 2.99

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
64.16 64.16 64.16 58.07 58.07 58.07 58.07 58.07 58.07 58.07 58.07 57.74
10.31 9.95 10.68 9.86 10.04 10.73 11.94 12.12 12.42 13.45 13.98 15.44
16.73 17.17 16.65 24.66 24.71 24.33 23.49 23.52 23.77 23.30 23.26 21.61
8.79 8.71 8.51 7.41 7.18 6.87 6.50 6.29 5.75 5.19 4.69 5.21

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