JK Lakshmi Cement Ltd

JK Lakshmi Cement Ltd

₹ 638 -0.79%
29 Sep 11:48 a.m.
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 7,504 Cr.
  • Current Price 638
  • High / Low 897 / 528
  • Stock P/E 23.0
  • Book Value 238
  • Dividend Yield 0.58 %
  • ROCE 14.2 %
  • ROE 13.1 %
  • Face Value 5.00

Pros

Cons

  • The company has delivered a poor sales growth of 11.5% over past five 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

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
912 1,132 1,260 1,424 1,326 1,209 1,286 1,600 1,654 1,374 1,562 1,862 1,730
739 907 1,032 1,111 1,067 1,015 1,112 1,275 1,397 1,210 1,376 1,629 1,534
Operating Profit 173 225 228 313 258 194 174 325 257 164 185 233 196
OPM % 19% 20% 18% 22% 19% 16% 14% 20% 16% 12% 12% 12% 11%
7 18 20 -10 17 18 18 -11 7 20 14 17 11
Interest 52 51 49 40 37 36 37 33 36 33 35 29 33
Depreciation 56 57 57 56 54 55 55 59 56 57 57 59 56
Profit before tax 72 134 143 207 184 121 100 221 172 93 107 162 119
Tax % 30% 31% 17% 23% 26% 28% 34% 15% 33% 34% 28% 29% 33%
51 93 118 159 136 87 66 188 115 62 77 115 80
EPS in Rs 4.16 7.61 9.69 12.99 11.16 7.17 5.45 15.61 9.45 5.19 6.49 9.35 6.67
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,718 2,055 2,057 2,316 2,635 2,922 3,748 4,316 4,364 4,727 5,420 6,452 6,528
1,390 1,626 1,755 1,963 2,362 2,552 3,317 3,863 3,566 3,789 4,469 5,613 5,750
Operating Profit 328 429 302 353 273 370 432 454 798 939 951 839 778
OPM % 19% 21% 15% 15% 10% 13% 12% 11% 18% 20% 18% 13% 12%
24 39 26 -34 64 129 72 59 16 35 41 58 62
Interest 80 84 77 94 222 244 264 253 225 192 142 133 131
Depreciation 130 149 135 115 166 175 207 211 220 225 223 228 228
Profit before tax 143 235 115 109 -51 79 32 49 369 556 626 534 481
Tax % 24% 25% 19% 4% 108% -10% -33% 17% 31% 24% 24% 31%
109 175 94 105 4 87 43 41 253 421 478 369 334
EPS in Rs 8.89 14.87 7.98 8.75 0.11 7.29 4.69 4.36 21.08 34.45 39.39 30.48 27.70
Dividend Payout % 22% 17% 25% 23% 220% 10% 16% 17% 12% 11% 13% 12%
Compounded Sales Growth
10 Years: 12%
5 Years: 11%
3 Years: 14%
TTM: 14%
Compounded Profit Growth
10 Years: 8%
5 Years: 72%
3 Years: 12%
TTM: -29%
Stock Price CAGR
10 Years: 25%
5 Years: 16%
3 Years: 35%
1 Year: 12%
Return on Equity
10 Years: 11%
5 Years: 15%
3 Years: 18%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
61 59 59 59 59 59 59 59 59 59 59 59
Reserves 1,114 1,200 1,245 1,279 1,261 1,342 1,385 1,426 1,628 2,036 2,446 2,745
915 1,337 1,681 1,949 2,258 2,687 2,546 2,135 1,987 1,672 1,887 1,880
696 547 666 936 912 1,044 1,111 1,446 1,489 1,520 1,534 1,857
Total Liabilities 2,786 3,143 3,651 4,223 4,491 5,132 5,101 5,066 5,163 5,286 5,926 6,541
1,329 1,436 1,701 2,708 2,851 3,556 3,627 3,451 3,585 3,427 3,536 3,527
CWIP 294 688 925 455 633 307 228 417 166 274 251 890
Investments 454 405 358 273 271 531 473 377 458 476 652 527
709 615 668 788 736 738 773 821 954 1,109 1,487 1,597
Total Assets 2,786 3,143 3,651 4,223 4,491 5,132 5,101 5,066 5,163 5,286 5,926 6,541

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
378 332 354 330 267 396 493 760 650 1,032 680 634
-354 -488 -513 -430 -286 -600 -70 -77 -200 -434 -665 -299
-25 79 234 30 33 181 -421 -676 -450 -553 11 -266
Net Cash Flow -0 -77 75 -70 14 -23 2 7 0 45 26 69

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 8 9 10 9 13 11 10 9 8 4 2 4
Inventory Days 119 86 72 146 132 157 158 148 225 134 198 236
Days Payable 104 97 89 145 109 136 146 229 239 154 125 164
Cash Conversion Cycle 23 -2 -8 10 36 33 22 -72 -6 -15 76 75
Working Capital Days -61 -62 -64 -64 -56 -46 -46 -73 -68 -33 -25 -14
ROCE % 13% 13% 7% 8% 4% 7% 6% 7% 16% 20% 19% 14%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
46.21% 46.21% 46.21% 46.21% 46.01% 46.01% 46.31% 46.31% 46.31% 46.31% 46.31% 46.31%
9.92% 10.65% 10.58% 10.26% 12.48% 12.97% 12.29% 12.14% 12.84% 13.81% 11.68% 11.50%
23.57% 23.86% 26.31% 27.56% 25.30% 24.96% 25.87% 25.21% 24.66% 25.56% 27.95% 28.33%
0.00% 0.86% 0.86% 0.86% 0.86% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
20.29% 18.41% 16.03% 15.11% 15.35% 16.06% 15.54% 16.35% 16.18% 14.31% 14.07% 13.86%
No. of Shareholders 87,20190,57495,3781,09,6941,44,7891,36,3761,37,4571,39,5261,26,9921,17,2471,17,6471,12,256

* 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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