JK Lakshmi Cement Ltd

About [ edit ]

JK Lakshmi Cement is a leading manufacturer and supplier of Cement and Cementitious products like RMC & AAC Blocks with manufacturing facilities in the State of Rajasthan, Chattisgarh, Gujarat & Haryana.The Company is the first Cement Manufacturer in North India to introduce coloured bags and registered as ISO 9200.(Source : 202003 Annual Report Page No:101)

  • Market Cap 4,636 Cr.
  • Current Price 394
  • High / Low 397 / 180
  • Stock P/E 13.2
  • Book Value 155
  • Dividend Yield 0.63 %
  • ROCE 16.3 %
  • ROE 15.6 %
  • Face Value 5.00

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 2.54 times its book value
  • Company has a low return on equity of 6.89% for last 3 years.

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
1,040 959 1,038 1,279 1,136 1,012 1,078 1,137 912 1,132 1,260
941 862 932 1,127 927 834 901 904 739 907 1,032
Operating Profit 99 97 106 152 209 178 177 234 173 225 228
OPM % 10% 10% 10% 12% 18% 18% 16% 21% 19% 20% 18%
Other Income 15 16 15 13 -25 6 15 19 7 18 20
Interest 62 66 64 60 56 56 59 54 52 51 49
Depreciation 52 53 53 52 53 52 56 59 56 57 57
Profit before tax -0 -7 3 53 75 77 77 141 72 134 143
Tax % 778% 19% 0% 25% 28% 35% 34% 30% 30% 31% 17%
Net Profit 6 -5 9 41 50 49 50 99 49 90 114
EPS in Rs 0.51 -0.41 0.78 3.47 4.23 4.14 4.28 8.43 4.16 7.61 9.69
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
1,225 1,490 1,322 1,718 2,055 2,057 2,316 2,635 2,922 3,748 4,316 4,364 4,441
914 1,066 1,131 1,390 1,643 1,773 1,985 2,370 2,552 3,317 3,863 3,596 3,581
Operating Profit 311 425 191 328 412 283 330 265 370 432 454 768 859
OPM % 25% 28% 14% 19% 20% 14% 14% 10% 13% 12% 11% 18% 19%
Other Income 6 9 33 24 55 44 -12 72 129 72 59 46 65
Interest 21 23 85 80 84 77 94 222 244 264 253 225 206
Depreciation 69 80 60 130 149 135 115 166 175 207 211 220 229
Profit before tax 227 331 79 143 235 115 109 -51 79 32 49 369 490
Tax % 21% 27% 25% 24% 25% 19% 4% 108% -10% -33% 17% 31%
Net Profit 179 241 59 109 175 94 103 1 86 55 51 248 352
EPS in Rs 14.59 19.70 4.83 8.89 14.87 7.98 8.75 0.11 7.29 4.69 4.36 21.08 29.89
Dividend Payout % 14% 13% 26% 22% 17% 25% 23% 220% 10% 16% 17% 12%
Compounded Sales Growth
10 Years:11%
5 Years:14%
3 Years:14%
TTM:-1%
Compounded Profit Growth
10 Years:0%
5 Years:12%
3 Years:86%
TTM:68%
Stock Price CAGR
10 Years:24%
5 Years:6%
3 Years:-3%
1 Year:31%
Return on Equity
10 Years:7%
5 Years:5%
3 Years:7%
Last Year:16%

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
61 61 61 61 59 59 59 59 59 59 59 59 59
Reserves 770 960 985 1,114 1,200 1,245 1,279 1,261 1,342 1,385 1,426 1,628 1,767
Borrowings 703 922 840 915 1,337 1,681 1,949 2,258 2,687 2,546 2,135 1,999 1,618
297 449 551 696 547 666 936 912 1,044 1,111 1,446 1,477 1,818
Total Liabilities 1,831 2,391 2,438 2,786 3,143 3,651 4,223 4,491 5,132 5,101 5,066 5,163 5,261
1,013 1,063 1,381 1,329 1,436 1,701 2,708 2,851 3,556 3,627 3,451 3,585 3,494
CWIP 97 182 41 294 688 925 455 633 307 228 417 166 187
Investments 89 481 528 454 405 358 273 271 531 473 377 458 453
632 666 488 709 615 668 788 736 738 773 821 954 1,127
Total Assets 1,831 2,391 2,438 2,786 3,143 3,651 4,223 4,491 5,132 5,101 5,066 5,163 5,261

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
312 357 174 378 332 354 330 267 396 493 760 650
-266 -586 -317 -354 -488 -513 -430 -286 -600 -70 -77 -187
-67 123 14 -25 79 234 30 33 181 -421 -676 -450
Net Cash Flow -21 -106 -129 -0 -77 75 -70 14 -23 2 7 13

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 % 20% 9% 13% 13% 7% 8% 4% 7% 6% 7% 16%
Debtor Days 7 7 8 8 9 10 9 13 11 10 9 8
Inventory Turnover -0.04 2.63 3.06 7.60 8.73 6.36 5.20 4.65 5.15 5.50 4.24

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
45.94 45.94 45.94 45.94 45.94 45.93 45.93 45.93 46.21 46.21 46.21 46.21
8.09 7.61 7.97 8.07 9.03 8.86 9.60 10.53 10.61 10.41 9.92 10.65
19.30 18.90 19.28 20.67 20.42 20.44 20.55 18.71 18.96 19.99 23.57 23.86
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.81 0.81 0.00 0.86
26.67 27.55 26.81 25.32 24.61 24.77 23.92 24.82 23.41 22.58 20.29 18.41

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