JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 16495.23 Crore) operating in Cement sector.
JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2021.
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2392.98 Crore, up 16.37 % from last quarter Total Income of Rs 2056.28 Crore and up 10.37 % from last year same quarter Total Income of Rs 2168.19 Crore. Company reported net profit after tax of Rs 199.65 Crore in latest quarter.
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JKCE may trade at a premium to its long term historical average once the recent concerns around sharp fuel cost escalation recede. It maintains BUY with an unchanged target price of Rs3,170/sh based on 13xFY24E EV/E, implying 50% upside. JKCE remains high conviction preferred pick in the sector. Key risks: Lower demand / pricing and high cost escalation.
Promoters held 45.82 per cent stake in the company as of 31-Mar-2022, while FIIs owned 16.5 per cent, DIIs 20.63 per cent.
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