JK Lakshmi Cement Ltd up by 8.61% - Traders Corners | Espresso


Espresso shot of the day – JK Lakshmi Cement Ltd up by 8.61 percent

July 06, 2021
Espresso shot of the day – JK Lakshmi Cement Ltd up by 8.61 percent

JK LAKSHMI CEMENT LTD 649.55 (+8.61%) BSE – INE786A01032 | 6TH JULY 2021

JK Lakshmi Cement Limited is a part of the prestigious JK Organisation. This eminent industrial house is over a hundred and twenty five years old and boasts operations in India and abroad with a leadership presence in the fields of Tyres, Cement, Paper, Power Transmission, Sealing Solutions, Dairy Products and Textiles. Having started the company in 1982, they have modern and fully computerized, integrated cement plants at Jaykaypuram, in the Sirohi district of Rajasthan, at Dabok, in the Udaipur district of Rajasthan (a subsidiary of the company) and at Ahiwara, in the Durg district of Chhattisgarh. They also have four split location grinding units at Kalol and Surat in Gujarat, Jhamri in the Jhajjar district of Haryana and Cuttack in Odisha. The combined capacity of their company is 13.3 million MT per annum. With a wide network of over 400 cement dumps and more than 7,000 channel partners, JK Lakshmi Cement brand enjoys a premium position in its markets and is recognized for its immaculate quality and services. A vast pool of highly trained and dedicated marketing and technical service team helps the company to service its customers at their doorstep.

Recent Drivers

  • As of July 6, 2021, shares of cement companies are in focus. Analyst expect a sustainable demand recovery in volumes in coming quarters on the back of gradual relaxations in lockdowns, expectations of construction activities gaining momentum post monsoon, low base of last two years, government focus on infrastructure spends and strong June 2021 exit.
  • On July 2, 2021, the rating agency CARE Ratings Limited has upgraded the company’s credit rating. For long-term bank facilities, CARE rating agency revised the rating to CARE AA; Stable from CARE AA minus Stable, for Non-convertible Debentures the ratings are revised to CARE AA; Stable from CARE AA minus Stable and for Fixed Deposit it was revised to CARE AA (FD); Stable from CARE AA minus (FD).
  • On May 22, 2021, JK Lakshmi Cement Ltd. reported a 61.34% increase in consolidated net profit to Rs 159.13 crores for the fourth quarter ended March 2021. The company had posted a profit of Rs 98.63 crores in the Jan-Mar period a year ago.
  • On May 22, 2021, JK Lakshmi Cement Ltd. reported revenue from operations rose 25.22% to Rs 1,424.32 crores from Rs 1,137.47 crores in the year-ago quarter.
  • On May 31, 2021, the Board at its meeting recommended a dividend of Rs 3.75 per equity share of Rs 5 each (75%) for the financial year ended March 31, 2021.

(Sources: Business Standard, Moneycontrol, BSEIndia)

Technical Force*

  • S&P BSE 500 month till date gain up by 0.72%
  • Traded on all-time-high value of 674.15
  • 3-month avg. volume of NSE: 7,60,270
  • Quantity traded: 2,46,695 | Deliverable quantity: 28,258 (11.45%)
  • Stock price has jumped more than 160% from one-year-low level: 243.15 (Sept 9, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 674.15 | 52-week-low: 243.15

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Some Key Ratios (Source: BSE)

Market Cap: 7,643.26 crores

PE: 21.01

OPM%: 19.99

ROE%: 17.50

Promoters holding%: 46.21

Prev. Close: 598.05

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.