JK Lakshmi Cement Ltd

JK Lakshmi Cement Ltd

₹ 845 1.78%
24 Jun - close price
About

JK Lakshmi Cement Ltd, a part of the JK group , is a manufacturer and supplier of Cement and related products like RMC & AAC Blocks in different states in India.[1]

Key Points

Manufacturing Capabilities[1]
Company owns and operates 7 cement and clinker plants in Rajasthan, Chattisgarh, Gujarat, Haryana and Odisha.Their combined cement capacity is ~14 MnTPA for cement and ~8.5 MnTn for clinker. The company operated at ~81% capacity utilisation in FY23.[2]

  • Market Cap 9,945 Cr.
  • Current Price 845
  • High / Low 1,000 / 607
  • Stock P/E 21.3
  • Book Value 271
  • Dividend Yield 0.44 %
  • ROCE 17.2 %
  • ROE 15.6 %
  • Face Value 5.00

Pros

Cons

  • The company has delivered a poor sales growth of 9.48% over past five years.
  • Dividend payout has been low at 13.7% of profits 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.

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
1,424 1,326 1,209 1,286 1,600 1,654 1,374 1,562 1,862 1,730 1,575 1,703 1,781
1,111 1,067 1,015 1,112 1,275 1,397 1,210 1,376 1,629 1,534 1,357 1,401 1,445
Operating Profit 313 258 194 174 325 257 164 185 233 196 217 302 336
OPM % 22% 19% 16% 14% 20% 16% 12% 12% 12% 11% 14% 18% 19%
-10 17 18 18 -11 7 20 14 17 11 14 26 26
Interest 40 37 36 37 33 36 33 35 29 33 34 39 45
Depreciation 56 54 55 55 59 56 57 57 59 56 57 66 68
Profit before tax 207 184 121 100 221 172 93 107 162 119 141 223 250
Tax % 23% 26% 28% 34% 15% 33% 34% 28% 29% 33% 32% 33% 35%
159 136 87 66 188 115 62 77 115 80 96 150 162
EPS in Rs 12.99 11.16 7.17 5.45 15.61 9.45 5.19 6.49 9.35 6.67 7.88 12.21 13.34
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
2,055 2,057 2,316 2,635 2,922 3,748 4,316 4,364 4,727 5,420 6,452 6,788
1,626 1,755 1,963 2,362 2,552 3,317 3,863 3,566 3,789 4,469 5,613 5,737
Operating Profit 429 302 353 273 370 432 454 798 939 951 839 1,052
OPM % 21% 15% 15% 10% 13% 12% 11% 18% 20% 18% 13% 15%
39 26 -34 64 129 72 59 16 35 41 58 77
Interest 84 77 94 222 244 264 253 225 192 142 133 150
Depreciation 149 135 115 166 175 207 211 220 225 223 228 246
Profit before tax 235 115 109 -51 79 32 49 369 556 626 534 732
Tax % 25% 19% 4% 108% -10% -33% 17% 31% 24% 24% 31% 33%
175 94 105 4 87 43 41 253 421 478 369 488
EPS in Rs 14.87 7.98 8.75 0.11 7.29 4.69 4.36 21.08 34.45 39.39 30.48 40.10
Dividend Payout % 17% 25% 23% 220% 10% 16% 17% 12% 11% 13% 12% 16%
Compounded Sales Growth
10 Years: 13%
5 Years: 9%
3 Years: 13%
TTM: 5%
Compounded Profit Growth
10 Years: 18%
5 Years: 81%
3 Years: 5%
TTM: 34%
Stock Price CAGR
10 Years: 15%
5 Years: 20%
3 Years: 13%
1 Year: 16%
Return on Equity
10 Years: 12%
5 Years: 17%
3 Years: 16%
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 59 59 59 59 59 59 59 59 59 59 59 59
Reserves 1,200 1,245 1,279 1,261 1,342 1,385 1,426 1,628 2,036 2,446 2,745 3,128
1,337 1,681 1,949 2,258 2,687 2,546 2,135 1,987 1,672 1,887 1,880 2,084
547 666 936 912 1,044 1,111 1,446 1,489 1,520 1,534 1,857 2,379
Total Liabilities 3,143 3,651 4,223 4,491 5,132 5,101 5,066 5,163 5,286 5,926 6,541 7,650
1,436 1,701 2,708 2,851 3,556 3,627 3,451 3,585 3,427 3,536 3,527 5,148
CWIP 688 925 455 633 307 228 417 166 274 251 890 383
Investments 405 358 273 271 531 473 377 458 476 652 527 407
615 668 788 736 738 773 821 954 1,109 1,487 1,597 1,712
Total Assets 3,143 3,651 4,223 4,491 5,132 5,101 5,066 5,163 5,286 5,926 6,541 7,650

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
332 354 330 267 396 493 760 650 1,032 680 634 899
-488 -513 -430 -286 -600 -70 -77 -200 -434 -665 -299 -880
79 234 30 33 181 -421 -676 -450 -553 11 -266 -36
Net Cash Flow -77 75 -70 14 -23 2 7 0 45 26 69 -16

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 9 10 9 13 11 10 9 8 4 2 4 2
Inventory Days 86 72 146 132 157 158 148 225 134 198 236 249
Days Payable 97 89 145 109 136 146 229 239 154 125 164 140
Cash Conversion Cycle -2 -8 10 36 33 22 -72 -6 -15 76 75 112
Working Capital Days -62 -64 -64 -56 -46 -46 -73 -68 -33 -25 -14 0
ROCE % 13% 7% 8% 4% 7% 6% 7% 16% 20% 19% 14%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
46.21% 46.01% 46.01% 46.31% 46.31% 46.31% 46.31% 46.31% 46.31% 46.31% 46.31% 46.34%
10.26% 12.48% 12.97% 12.29% 12.14% 12.84% 13.81% 11.68% 11.50% 10.53% 10.83% 11.29%
27.56% 25.30% 24.96% 25.87% 25.21% 24.66% 25.56% 27.95% 28.33% 27.63% 27.57% 25.83%
0.86% 0.86% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
15.11% 15.35% 16.06% 15.54% 16.35% 16.18% 14.31% 14.07% 13.86% 15.53% 15.29% 16.54%
No. of Shareholders 1,09,6941,44,7891,36,3761,37,4571,39,5261,26,9921,17,2471,17,6471,12,2561,19,2271,06,4091,12,505

* 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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