News

Reduce J K Cement Ltd For Target Rs.3,164 - Centrum Broking Good volumes growth, margin recovery slower JK Cements (JKCE) reported results largely in line with our estimate at EBITDA level. The company has restated its financials to factor in the effect of amalgamation of its subsidiary Jay kay cem central ltd (recently commissioned Panna and Hamirpur plants) with the parent and as a result, 1QFY24 and 4QFY23 numbers have been restated. On consolidated basis, the company delivered impressive volume growth of 25% for 1QFY24 on account of ramp-up of ...
Reduce J K Cement Ltd For Target Rs.3,164 - Centrum Broking
Reduce J K Cement Ltd For Target Rs.3,164 - Centrum Broking
Source: Centrum Broking Ltd
21/08/2023 2:38:10 PM
JK Cement gains as its arm acquires additional 20% stake in Acro Paints JK Cement is currently trading at Rs. 3325.00, up by 33.05 points or 1.00% from its previous closing of Rs. 3291.95 on the BSE. The scrip opened at Rs. 3291.05 and has touched a high and low of Rs. 3340.00 and Rs. 3291.05 respectively. So far 597 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3467.00 on 28-Jun-2023 and a 52 week low of Rs. 2148.90 on 14-Jul-2022. Last one week high and low of the scrip stood a...
JK Cement gains as its arm acquires additional 20% stake in Acro Paints
JK Cement gains as its arm acquires additional 20% stake in Acro Paints
Source: Accord Fintech
7/07/2023 10:55:06 AM
JK Cement spurts on getting in principle approval to acquire 100% stake in Toshali Cements JK Cement is currently trading at Rs. 3270.00, up by 65.35 points or 2.04% from its previous closing of Rs. 3204.65 on the BSE. The scrip opened at Rs. 3214.00 and has touched a high and low of Rs. 3327.40 and Rs. 3214.00 respectively. So far 8042 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3,327.40 on 06-June-2023 and a 52 week low of Rs. 2005.00 on 23-Jun-2022. Last one week high and low of the scrip stoo...
JK Cement spurts on getting in principle approval to acquire 100% stake in Toshali Cements
JK Cement spurts on getting in principle approval to acquire 100% stake in Toshali Cements
Source: Accord Fintech
6/06/2023 11:02:06 AM
JK Cement surges despite reporting 45% fall in Q4 consolidated net profit JK Cement is currently trading at Rs. 3179.15, up by 75.05 points or 2.42% from its previous closing of Rs. 3104.10 on the BSE. The scrip opened at Rs. 3102.35 and has touched a high and low of Rs. 3288.90 and Rs. 3101.50 respectively. So far 16527 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3,288.90 on 30-May-2023 and a 52 week low of Rs. 2005.00 on 23-Jun-2022. Last one week high and low of the scrip stoo...
JK Cement surges despite reporting 45% fall in Q4 consolidated net profit
JK Cement surges despite reporting 45% fall in Q4 consolidated net profit
Source: Accord Fintech
30/05/2023 3:38:19 PM
K&R Rail Engineering touches roof on bagging work order from JK Cement K&R Rail Engineering is currently trading at upper limit of Rs. 542.90, up by 25.85 points or 5.00% from its previous closing of Rs. 517.05 on the BSE. The scrip opened at Rs. 517.05 and has touched a high and low of Rs. 542.90 and Rs. 510.10 respectively. So far 36952 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 542.90 on 12-May-2023 and a 52 week low of Rs. 19.05 on 10-Aug-2022. Last one week high and...
K&R Rail Engineering touches roof on bagging work order from JK Cement
K&R Rail Engineering touches roof on bagging work order from JK Cement
Source: Accord Fintech
12/05/2023 2:29:17 PM
Cement stocks gain as Govt to consider review of 28% GST levied on cement Stocks related to the cement industry gained on the BSE, after Finance Minister Nirmala Sitharaman said that the government will consider a review of the 28 per cent Goods and Services Tax (GST) levied on cement. JK Cement is currently trading at Rs. 2744.45, up by 109.20 points or 4.14 % from its previous closing of Rs. 2635.25 on the BSE. The India Cements is currently trading at Rs. 193.60, up by 5.60 points or 2.98% from its previous closing of Rs. 188.00 on the BSE. Ultratech Ce...
Cement stocks gain as Govt to consider review of 28% GST levied on cement
Cement stocks gain as Govt to consider review of 28% GST levied on cement
Source: Accord Fintech
8/02/2023 3:26:59 PM
JK Cement trades marginally higher on getting nod to raise Rs 100 crore via NCDs JK Cement is currently trading at Rs. 2638.25, up by 7.35 points or 0.28% from its previous closing of Rs. 2630.90 on the BSE. The scrip opened at Rs. 2585.00 and has touched a high and low of Rs. 2659.95 and Rs. 2557.20 respectively. So far 2054 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3399.55 on 08-Feb-2022 and a 52 week low of Rs. 2005.00 on 23-Jun-2022. Last one week high and low of the scrip stood a...
JK Cement trades marginally higher on getting nod to raise Rs 100 crore via NCDs
JK Cement trades marginally higher on getting nod to raise Rs 100 crore via NCDs
Source: Accord Fintech
6/02/2023 10:10:42 AM
Buy JK Cement Ltd For Target Rs.3,550 - Motilal Oswal Financial Services Ltd Enhancing its foothold in Central India We interacted with JKCE’s management to gauge their growth plans, industry demand and pricing trends, scope for cost reduction, and the dynamics of the White Cement and Putty business. The key takeaways are: Completes expansion of 4mtpa; further expansion plans underway * JKCE recently commenced commercial operations at its greenfield integrated plant at Panna, Madhya Pradesh (Clinker/Grinding capacity of 2.64mtpa/ 2mtpa) and a greenfield...
Buy JK Cement Ltd For Target Rs.3,550 - Motilal Oswal Financial Services Ltd
Buy JK Cement Ltd For Target Rs.3,550 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
22/12/2022 11:05:44 AM
Buy JK Cement Ltd For Target Rs.3,170 - Motilal Oswal Financial Services Ltd Growth plans and cost savings to drive earnings * JK Cement (JKCE) is increasing its grey cement capacity by 27% to 18.7mtpa by FY23-end, driving a CAGR of 11% in grey cement volume over FY22-25E. JKCE further intends to increase its grey cement capacity to 25mtpa by FY25E. * Over FY22-25E, we expect a 12% EBITDA CAGR (~13% CAGR in grey cement and ~10% CAGR in white cement). Improvement in grey cement profitability will be driven by cost-saving initiatives (increasing blended cement sha...
Buy JK Cement Ltd For Target Rs.3,170 - Motilal Oswal Financial Services Ltd
Buy JK Cement Ltd For Target Rs.3,170 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
21/12/2022 9:42:26 AM
Hold JK Cement Ltd For Target Rs.2,800 - Emkay Global Financial Capacity expansion to drive market-share gains * JK Cement (JKCE) commenced commercial operations at its 4mt grey-cement grinding capacity in the central region in Nov-22, thus accelerating its total grinding capacity to ~19mt. This should drive a strong ~13% volume CAGR (>1.5x of industrygrowth forecast) over FY22-25E. Further, the company targets increasing its grinding capacity to 25mt by FY25E (already announced a detailed plan), which should help it to gain market share over the me...
Hold JK Cement Ltd For Target Rs.2,800 - Emkay Global Financial
Hold JK Cement Ltd For Target Rs.2,800 - Emkay Global Financial
Source: Emkay Global Financial Services Ltd
28/11/2022 2:36:14 PM
Buy JK Cement Ltd For Target Rs.2,725 - Emkay Global Financial White-cement/wall-putty shine; capacity expansion announced JK Cement’s Q2FY23 standalone EBITDA declined 16% YoY and 26% QoQ to Rs3bn, standing 7-10% above consensus’ and our estimates owing to better-than-expected performance in the wall-putty and white-cement businesses. Blended EBITDA/ton fell 24% YoY/28% QoQ to Rs814 (Emkay Est: Rs750). The Board has approved cement-capacity expansion of 5.5mt and clinker capacity-addition of 0.66mt at a capex of Rs11.6bn (US$26/ton) over ...
Buy JK Cement Ltd For Target Rs.2,725 - Emkay Global Financial
Buy JK Cement Ltd For Target Rs.2,725 - Emkay Global Financial
Source: Emkay Global Financial Services Ltd
18/11/2022 2:35:01 PM
JK Lakshmi Cement : Greater focus on improving operating efficiency; retaining a Buy - Anand Rathi Share and Stock Brokers Greater focus on improving operating efficiency; retaining a Buy JK Lakshmi’s sharper focus on better realisations aided revenue growth, but the high-cost environment curbed its operating performance. The ongoing UCW expansion is on track and expected to be complete by FY24. Efforts like improving operating efficiency via more renewable energy/ alternative fuel and increasing the blended cement share/premium cement would help. We retain our Buy call, with a TP of Rs.828 (Rs.616 earli...
JK Lakshmi Cement : Greater focus on improving operating efficiency; retaining a Buy - Anand Rathi Share and Stock Brokers
JK Lakshmi Cement : Greater focus on improving operating efficiency; retaining a Buy - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd.
7/11/2022 5:26:23 PM
JK Cement inches up on the BSE JK Cement is currently trading at Rs. 2814.85, up by 7.55 points or 0.27% from its previous closing of Rs. 2807.30 on the BSE. The scrip opened at Rs. 2828.95 and has touched a high and low of Rs. 2828.95 and Rs. 2801.95 respectively. So far 654 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3836.65 on 08-Nov-2021 and a 52 week low of Rs. 2005.00 on 23-Jun-2022. Last one week high and low of the scrip stood at...
JK Cement inches up on the BSE
JK Cement inches up on the BSE
Source: Accord Fintech
3/11/2022 10:49:57 AM
Hold Jk Cement Ltd For Target Rs. 2,750 - reliance securities ltd Low-Cost Fuel Inventory Leads to EBITDA Beat; Headwinds Ahead JK Cement (JKCE) reported an EBITDA that was ahead than our estimate due to lower than expected costs. Grey cement sales volume (including clinker) at 3.17mn tonnes increased by a healthy 15% YoY (down 10% QoQ), marginally ahead than our estimate of 3.15mn tonnes. Grey cement realization was up by 11% YoY and 5.3% QoQ to Rs5,191/tonne (our estimate of Rs5,100/tonne), owing to the change in sales mix in favour of trade segment an...
Hold Jk Cement Ltd For Target Rs. 2,750 - reliance securities ltd
Hold Jk Cement Ltd For Target Rs. 2,750 - reliance securities ltd
Source: reliance securities
22/08/2022 4:09:08 PM
Buy JK Cement For Target Rs.2700 -JM Financial Institutional Securities Ltd Cost headwinds impact margin outlook JK Cement 1QFY23 results came in line with our estimates. Net sales came in at INR21.2bn; +33% YoY, in line with JMFe, as growth was led by 18% increase in volumes to 3.56MT (in line with JMFe), while blended realisation grew by 13%YoY to INR6,084/t (flat vs JMFe). EBITDA remained flat YoY at INR4bn, and came in line with JMFe, as EBITDA margins contracted by 600bps YoY to 18.5%. Total operating costs increased by INR876/ton, but were compensated by an ...
Buy JK Cement For Target Rs.2700 -JM Financial Institutional Securities Ltd
Buy JK Cement For Target Rs.2700 -JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
18/08/2022 3:26:39 PM
Hold Eicher Motors Ltd For Target Rs. 2,600 - Emkay Global Financial Services Ltd Lower opex/ton leads to EBITDA beat; expansion on track *  JK Cement’s Q1FY23 standalone EBITDA was flat YoY at Rs4bn, standing 14%/19% above consensus/our estimates owing to lower-than-expected increase in cost/ton. Accordingly, blended EBITDA/ton fell 15% YoY to Rs1,124 (Emkay Est: Rs945) * Management mentioned that impact of the high-cost fuel inventory is likely to reflect in Q2 and profitability would sharply decline sequentially in Q2FY23. * Over 50% of the equipment...
Hold Eicher Motors Ltd For Target Rs. 2,600 - Emkay Global Financial Services Ltd
Hold Eicher Motors Ltd For Target Rs. 2,600 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
17/08/2022 12:56:02 PM
Buy J K Cement Ltd For Target Rs.3,011 - Centrum Broking Capacity addition to maintain growth momentum  JK Cement (JKCE) reported higher?than?expected EBITDA of Rs4bn (CentrumE: Rs3.5bn),  up  4.6%  QoQ/flat  YoY  and  EBITDA/t  of  Rs1,124,  up  15%  QoQ/down  15%  YoY.  The  margins improvement was on account of increase in realisation and use&nbs...
Buy J K Cement Ltd For Target Rs.3,011 - Centrum Broking
Buy J K Cement Ltd For Target Rs.3,011 - Centrum Broking
Source: Centrum Broking Ltd
17/08/2022 12:08:51 PM
Neutral J K Cement Ltd For Target Rs.2,570 -Motilal Oswal Financial Services Ltd Seasonal headwinds and higher costs to hurt 2QFY23 profits EBITDA beat led by better realizations of grey/white cement * JK Cement (JKCE)’s standalone EBITDA/adjusted PAT (adjusted for additional depreciation on CPP) stood at INR4b/INR2b v/s our estimate of INR3.6b/INR1.6b, respectively. Realizations of grey cement/white cement were 2%/1% above our estimates, respectively, in 1QFY23 * We increase our FY23E/FY24E consolidated EBITDA by 8%/5% and EPS by 12%/9%, respectively, give...
Neutral J K Cement Ltd For Target Rs.2,570 -Motilal Oswal Financial Services Ltd
Neutral J K Cement Ltd For Target Rs.2,570 -Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
17/08/2022 9:37:14 AM
Buy JK Cement For Target Rs.3,170 - ICICI Securities Market share gains, better profitability to drive re-rating In our view, JKCE would emerge as the sixth largest cement group in India with 21mnte grey plus white cement / putty capacity by Q3FY23 with potential to increase the same by >50% via brownfield expansion at ~US$70/te at Panna unit (MP) in medium term. Unlike mid-cap peers, it derives nearly 25% EBITDA (Rs4bn) from white cement / putty portfolio which provides steady-state cashflow to fund its grey cement expansions. The compan...
Buy JK Cement For Target Rs.3,170 - ICICI Securities
Buy JK Cement For Target Rs.3,170 - ICICI Securities
Source: ICICI Securities Ltd
15/06/2022 2:05:49 PM
Hold JK Cement Ltd For Target Rs 2,700 - Emkay Global High opex/ton leads to marginal EBITDA miss; risk-reward appears balanced * Q4FY22 standalone EBITDA declined 20% YoY to Rs3.8bn and blended EBITDA/ton fell 21% YoY to Rs973 − both 4-5% below our and consensus estimates owing to a higher-than-expected increase in cost/ton. * Nearly 25% of the equipment erection work at the 4mt green-field Panna plant has been completed, and management expects to commission the project by Mar’23. This is likely to drive a grey cement volume C...
Hold JK Cement Ltd For Target Rs 2,700 - Emkay Global
Hold JK Cement Ltd For Target Rs 2,700 - Emkay Global
Source: Emkay Global Financial Services Ltd
28/05/2022 10:36:43 AM
JK Cement trades higher on planning to raise Rs 500 crore via NCDs JK Cement is currently trading at Rs. 2466.95, up by 16.50 points or 0.67% from its previous closing of Rs. 2450.45 on the BSE. The scrip opened at Rs. 2480.00 and has touched a high and low of Rs. 2480.00 and Rs. 2401.60 respectively. So far 2768 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3836.65 on 08-Nov-2021 and a 52 week low of Rs. 2135.30 on 09-Mar-2022. Last one week high and low of the scrip stood ...
JK Cement trades higher on planning to raise Rs 500 crore via NCDs
JK Cement trades higher on planning to raise Rs 500 crore via NCDs
Source: Accord Fintech
23/05/2022 10:43:59 AM
Buy JK Cement Ltd Forget Target Rs.3,935 - ICICI Securities Higher realisation offsets cost increases QoQ JK Cement’s (JKCE) Q3FY22 EBITDA of Rs3.7bn, down 17% YoY, was in line with our / consensus estimates. Blended realisation surprised rising 6% QoQ (up 5% YoY), while total cost/te increased 6.3% QoQ (up 14% YoY) resulting in blended EBITDA/te increasing 5% QoQ (down 21% YoY) to Rs1,116/te. Around 50% civil construction and 70% fabrication work has been completed at its 4mnte Panna greenfield expansion with the project likely to complete b...
Buy JK Cement Ltd Forget Target Rs.3,935 - ICICI Securities
Buy JK Cement Ltd Forget Target Rs.3,935 - ICICI Securities
Source: ICICI Securities Ltd
23/03/2022 1:13:48 PM
Buy JK Cement For Target Rs.2,750 - JM Financial Foray in paints is return dilutive; however, correction overdone JK Cement has announced its foray into the paints business last week. The company will invest INR 6bn on the business over 5 years, split into two parts – INR 3bn on capacity building (60,000 kl/annum) and INR 3bn on branding, working capital and accumulated losses for initial years. Our thoughts: a) foray into paints is necessary to sustain long term growth in putty business due to bundling of sales by paint companies,...
Buy JK Cement For Target Rs.2,750 - JM Financial
Buy JK Cement For Target Rs.2,750 - JM Financial
Source: JM Financial Services Ltd
16/03/2022 11:53:30 AM
Neutral J K Cement Ltd For Target Rs.2,925 - Motilal Oswal Plans to foray into the Paints business but at a low scale Will it end up as another ineffective capital allocation after Fujairah? JK Cement (JKCE) announced its intention to enter the Paints business through a wholly owned subsidiary, according to the notice given to BSE on 5 th Mar’22. The company will invest INR6b over five years.  It was likely that JKCE might explore opportunities in the Paints business too after Grasim announced its foray into this business in Jan’21...
Neutral J K Cement Ltd For Target Rs.2,925 - Motilal Oswal
Neutral J K Cement Ltd For Target Rs.2,925 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
15/03/2022 1:11:32 PM
Hold J K Cement Ltd For Target Rs.3,150 - Emkay Global Concall takeaways- Measured foray into paint business JK Cement (JKCE) hosted a conference call to discuss its recently announced foray into the paints business. Here are the key takeaways: JKCE plans to invest Rs6bn in the decorative paints business over the next five years. It aims to be a regional player (focus only on North and Central markets) with an initial capacity of 60,000KL in Uttar Pradesh to start by Apr’24 The company will spend Rs3bn on the plant and equipment, a...
Hold J K Cement Ltd For Target Rs.3,150 - Emkay Global
Hold J K Cement Ltd For Target Rs.3,150 - Emkay Global
Source: Emkay Global Financial Services Ltd
14/03/2022 12:20:45 PM
Hold J K Cement Ltd For Target Rs.3,150 - Emkay Global In-line quarter; risk-reward appears balanced * Q3FY22 standalone EBITDA declined 17% YoY to Rs3.7bn and blended EBITDA/ton fell 21% YoY to Rs1,116 − both in line with our and consensus estimates. * Nearly 50% of the civil construction work and 70% of the fabrication work at the 4mt green-field Panna plant have been completed, and management is targeting to commission the project by Mar’23. This is likely to drive a grey cement volume CAGR of ~12% over FY22-24E. * Fa...
Hold J K Cement Ltd For Target Rs.3,150 - Emkay Global
Hold J K Cement Ltd For Target Rs.3,150 - Emkay Global
Source: Emkay Global Financial Services Ltd
5/03/2022 11:51:57 AM
Weekly Tech Picks - Housing Development Finance Corporation Ltd, Hero MotoCorp Ltd, JK Cement Ltd By Axis Securities Housing Development Finance Corporation Limited • The stock has witnessed strong rebound from its one year “multiple support” zone of 2370 levels which remains a crucial support zone • The weekly price action has formed a “hammer” candlestick pattern which is a short term trend reversal pattern . Hence any follow up close above 2451 levels will confirm the pattern Housing Development Finance Corporation LimitedWeekly Tech Picks 18 February,2022levels wi...
Weekly Tech Picks - Housing Development Finance Corporation Ltd, Hero MotoCorp Ltd, JK Cement Ltd By Axis Securities
Weekly Tech Picks - Housing Development Finance Corporation Ltd, Hero MotoCorp Ltd, JK Cement Ltd By Axis Securities
Source: Axis Securities Ltd
21/02/2022 9:48:28 AM
Buy J K Cement Ltd For Target Rs.1,081 - Centrum Broking Higher prices offset cost pressure QoQ JK Cement (JKCE) reported higher-than-expected EBITDA of Rs3.7bn (CentrumE: Rs3.49bn), down 17% YoY but up 13% QoQ and EBITDA/t of Rs1,116, down 21% YoY but up 13% QoQ. The outperformance was due to higher-than-expected average cement realisation which was up 6% QoQ. Overall CoP/t though was up 4.5% QoQ/11.5% YoY to Rs4,725/t on account of increase power & fuel but increase was lower than the industry average. As the new capacity has been ramped u...
Buy J K Cement Ltd For Target Rs.1,081 - Centrum Broking
Buy J K Cement Ltd For Target Rs.1,081 - Centrum Broking
Source: Centrum Broking Ltd
14/02/2022 11:35:53 AM
Neutral J K Cement Ltd For Target Rs.3,545 - Motilal Oswal Fuel cost pressures to continue in 4Q, capex plans on track Higher opex impacts performance * JK Cement (JKCE)’s 3QFY22 result was in-line with our estimates on operating parameters, though, profit was 15% below estimate led by lower other income and higher interest expense/ETR. * As expected, increased opex (up 14% YoY) dented profitability. EBITDA dipped 17% YoY and OPM contracted 6.4pp YoY to 19.1%. EBITDA/t at INR1,116 was down 21% YoY. Adj. Profit was down 30% YoY. * We...
Neutral J K Cement Ltd For Target Rs.3,545 - Motilal Oswal
Neutral J K Cement Ltd For Target Rs.3,545 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
9/02/2022 11:25:26 AM
Neutral J K Cement Ltd For Target Rs.3,725 - Motilal Oswal Margin declines, rich valuation warrants a rating downgrade Higher cost negates the benefits from volume growth * JKCE was impacted by higher costs (OPEX/t rose 10% YoY, 4% higher than our estimate), which led to margin pressure (OPM decline of 7.1pp YoY and 5.1pp QoQ). Grey Cement sales volume was up 20% YoY as the company benefitted from capacity expansion. * We keep our estimates broadly unchanged for FY22-24E. Though we continue to like the company and its growth strategy, a shar...
Neutral J K Cement Ltd For Target Rs.3,725 - Motilal Oswal
Neutral J K Cement Ltd For Target Rs.3,725 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
17/11/2021 9:26:57 AM
Buy JK Cement Ltd For Target Rs.3,700 - ICICI Securities Market share gains to continue JK Cement (JKCE) Q1FY22 EBITDA at Rs4bn (up 86% YoY) was ahead of our and consensus estimates led by better grey cement realisation which grew 6% QoQ and lower total costs (up only 1% QoQ). Accordingly, blended EBITDA/te grew 8% QoQ and YoY to Rs1,323/te (I-Sec: Rs1,200). Management is targeting commissioning of  even after funding the Panna expansion. We maintain our FY22E-FY23E EBITDA while raising our target price to Rs3,700/sh (earlier: Rs3,290) base...
Buy JK Cement Ltd For Target Rs.3,700 - ICICI Securities
Buy JK Cement Ltd For Target Rs.3,700 - ICICI Securities
Source: ICICI Securities
25/10/2021 10:03:03 AM
Hold JK Cement Ltd For Target Rs.3,500 - ICICI Direct Healthy margins sustain… About the stock: With 14.7 MT grey cement capacity, JK Cement is the fourth largest player in North India contributing over 40% of its revenues. The company also has a presence in the western region in Gujarat, Maharashtra along with the southern region in which Karnataka is a key market for the company. * It is also the second largest producer of white cement (0.6 MT) and wall putty (1.2 MT) in India * The company is adding another 4 MT integrated cem...
Hold JK Cement Ltd For Target Rs.3,500 - ICICI Direct
Hold JK Cement Ltd For Target Rs.3,500 - ICICI Direct
Source: ICICI Direct
21/10/2021 10:03:36 AM
Buy J K Cement Ltd : Market share gains to drive earnings - Motilal Oswal Buy J K Cement Ltd For Target Rs.3,585 Market share gains to drive earnings Central India expansion a long-term positive * J K Cement (JKCE) continues to gain market share, with volumes up 71% YoY in 1QFY22, led by a ~40% capacity expansion. We expect this to continue over the next 4–5 years as the company is now setting up a 4mtpa greenfield plant (commissioning by 1QFY24) in Central India. This plant should improve the regional mix for North and Central India to ~85%. * We...
Buy J K Cement Ltd : Market share gains to drive earnings - Motilal Oswal
Buy J K Cement Ltd : Market share gains to drive earnings - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
5/10/2021 10:12:40 AM
Reduce JK Cement Ltd For Target Rs.2,920 - Centrum Broking Valuations outpace earnings; downgrade to Reduce JK Cement (JKCE) shifted its focus back to realizations in a pandemic-hit Q1FY22. Gray cement volume declined ~21% QoQ (grew 73% YoY on weak base), though realization increased by 6% QoQ (flat YoY) to Rs4,679/tonne. White cement revenue contribution fell to 19% from 24% in Q4FY21. Overall cost fell marginally QoQ (1.4% to Rs4,085/tonne) and was well contained. Effectively, EBITDA fell ~9% QoQ to ~Rs4bn and EBITDA margin expanded to 24.5% ...
Reduce JK Cement Ltd For Target Rs.2,920 - Centrum Broking
Reduce JK Cement Ltd For Target Rs.2,920 - Centrum Broking
Source: Centrum Broking Ltd
20/08/2021 9:18:04 AM
Buy JK Cement Ltd Forget Target Rs. 3,290 - ICICI Securities Strong volume ramp-up JK Cement’s (JKCE) Q4FY21 standalone adjusted EBITDA at Rs4.8bn (up 38% YoY), was broadly in line with consensus estimates. Grey cement volumes including clinker sales showed strong growth at 48% YoY and 23% QoQ implying 2-year CAGR of 18%. However, grey cement realisation declined 1.6% QoQ and, with increasing share of grey cement volumes, blended EBITDA/te fell 5% YoY and 13% QoQ to Rs1,228/te. Ground-breaking ceremony for 4mnte greenfield expansion (capex: Rs...
Buy JK Cement Ltd Forget Target Rs. 3,290 - ICICI Securities
Buy JK Cement Ltd Forget Target Rs. 3,290 - ICICI Securities
Source: ICICI Securities
12/07/2021 9:39:29 AM
Hold JK Cement Ltd For Target Rs.2850 - ICICI Direct Higher non-trade sales drag margins down... JK Cement’s performance remained weak operationally in Q4FY21. While sales volume grew 45.8% YoY 3.89 MT (vs I-direct estimate: 3.87 MT), realisations dipped 4.7% YoY (down 5.1% QoQ) to | 5,271/t that restricted revenue growth to 38.8% YoY at | 2052.5 crore (vs. I-direct estimate: | 2151.1 crore). Grey cement volumes were up 48.1% YoY to 3.5 MT whereas white cements sales grew 29.4% YoY to 0.39 MT. Cost of production broadly stayed flat QoQ...
Hold JK Cement Ltd For Target Rs.2850 - ICICI Direct
Hold JK Cement Ltd For Target Rs.2850 - ICICI Direct
Source: ICICI Direct
7/07/2021 10:07:03 AM
MTF Stock Pick Buy JK Cement Ltd For Target Rs. 3399 - HDFC Securities MTF Stock Pick Buy JK Cement Ltd For Target Rs. 3399 .- HDFC Securities  TECHNICAL OBSERVATIONS Symmetrical Triangle Breakout is seen on the Daily Chart Stock has broken out from the consolidation, which held for last four weeks Volumes have confirmed the breakout on the daily charts Stock has been finding support on its 50 days EMA Cement as a sector has resumed its uptrend Indicators and oscillators have been showing strength in the current uptr...
MTF Stock Pick Buy JK Cement Ltd For Target Rs. 3399 - HDFC Securities
MTF Stock Pick Buy JK Cement Ltd For Target Rs. 3399 - HDFC Securities
Source: HDFC Securities Ltd
6/07/2021 1:34:19 PM
Key News - Indian Oil Corporation Ltd, Vodafone Idea Ltd, Tata Steel Ltd, JK Cement Ltd, Oil and Natural Gas Corporation by ARETE Securities Key News 1 mn barrels of Guyanese Liza crude loaded for Indian Oil Corporation In a concrete step in India-Guyana economic relations, the first one million barrels of Guyanese Liza crude for Indian Oil Corporation Ltd. (IOCL) has been loaded from FPSO Liza Destiny, informed the High Commission of India in Guyana on Sunday. "Concrete step in Indo-Guyana economic relations, 1st 1 million barrels Guyanese Liza crude for @IndianOilcl loaded from FPSO Liza Destiny destination. India enh...
Key News - Indian Oil Corporation Ltd, Vodafone Idea Ltd, Tata Steel Ltd, JK Cement Ltd, Oil and Natural Gas Corporation by ARETE Securities
Key News - Indian Oil Corporation Ltd, Vodafone Idea Ltd, Tata Steel Ltd, JK Cement Ltd, Oil and Natural Gas Corporation by ARETE Securities
Source: ARETE Securities Ltd
5/07/2021 9:03:26 AM
Hold JK Cement Ltd For Target Rs. 3,000 - Emkay Global 4QFY21 largely in-line; risk-reward appears balanced; Hold * Standalone adjusted EBITDA increased 38% YoY to Rs4.8bn, while blended EBITDA/ton declined 5% YoY/13% QoQ to Rs1,228 - both in line with our and consensus estimates. * We broadly maintain FY22 and FY23 estimates, factoring in 13% EBITDA CAGR. JKCE’s RoIC was reset to around 16% in FY21 vs. <10% till FY19, and we expect it to improve to 20% in the next 4-5 years and sustain at that level in the long term. * Our DCF-...
Hold JK Cement Ltd For Target Rs. 3,000 - Emkay Global
Hold JK Cement Ltd For Target Rs. 3,000 - Emkay Global
Source: Emkay Global Financial Services Ltd
16/06/2021 10:49:59 AM
Buy JK Cement Ltd For Target Rs.2,950 - ICICI Direct Strong operating performance led by volumes... JK Cement’s performance was ahead of our estimates for Q3FY21 with revenue growth of 25.3% YoY to | 1760.1 crore (vs. I-direct estimate: | 1672.5 crore). Blended sales volume grew 23.8% YoY to 3.17 MT while realisations improved 1.3% YoY to | 5,554/t and stayed flat QoQ vs. expected decline of ~2%. EBITDA margins improved 572 bps YoY to 25.5%, better than our estimated margins of 24.8%, supported by lower raw material & employee exp...
Buy JK Cement Ltd For Target Rs.2,950 - ICICI Direct
Buy JK Cement Ltd For Target Rs.2,950 - ICICI Direct
Source: ICICI Direct
15/03/2021 9:17:42 AM
Buy JK Cement Ltd For Target Rs.2,890 - ICICI Securities Yet another strong quarter; rerating to continue JK Cement’s (JKCE) Q3FY21 standalone EBITDA at Rs4.5bn (up 62% YoY), was significantly better than our/consensus estimates led by better realisation and lower costs. Grey cement volumes grew 25% YoY while blended EBITDA/te rose 30% YoY to Rs1,417/te (I-Sec: Rs1,247/te). JKCE announced greenfield expansion of 4mnte at Panna, Madhya Pradesh, with split grinding unit in Uttar Pradesh, at a capex of Rs30bn (US$103/te). Given strong OCF of...
Buy JK Cement Ltd For Target Rs.2,890 - ICICI Securities
Buy JK Cement Ltd For Target Rs.2,890 - ICICI Securities
Source: ICICI Securities Ltd
9/03/2021 10:39:59 AM
Buy JK Cement Ltd For Target Rs.2,545 - HDFC Securities Both segments continue to perform JK Cement delivered strong volume growth across both grey (+25% YoY) and white/putty (+17% in India) segments, gaining market share. Healthy realization across both segments and increased grey cement productivity (from new capacity) drove margin expansion. Subsequently, consolidated Revenue/EBITDA/APAT rose 25/56/75% YoY to Rs 18.3/4.5/2.2bn resp. We continue to like JKCE for its continued healthy traction across both its segments. We maintain BUY rating ...
Buy JK Cement Ltd For Target Rs.2,545 - HDFC Securities
Buy JK Cement Ltd For Target Rs.2,545 - HDFC Securities
Source: HDFC Securities Ltd
26/02/2021 11:50:58 AM
Buy J K Cement Ltd For Target Rs. 2,640 - Motilal Oswal Market share gains to drive earnings Expansion in Central India to be positive * JK Cement (JKCE) continued to gain market share in 3QFY21, with volumes growing 24% YoY, led by ~40% capacity expansion. EBITDA grew 62% YoY to INR4.5b, the highest ever. * JKCE has approved setting up a greenfield 4mtpa cement capacity in Central India, improving volume growth visibility beyond FY23. Moreover, this should strengthen the regional mix further by reducing the share of South. * We keep o...
Buy J K Cement Ltd For Target Rs. 2,640 - Motilal Oswal
Buy J K Cement Ltd For Target Rs. 2,640 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
16/02/2021 1:58:39 PM
LKP Triology - Dilip Buildcon, Jk Cement, Delta Corp Ltd By LKP Securities DILIP BUILDCON LTD * Stock previously given a cup and handle pattern breakout on daily chart and recently stock retested a breakout zone . * Fresh breakout also witnessed on daily chart with good volume. * Both momentum indicator RSI and MACD are ranging in positive territory. Buy Dilip Buildcon Ltd @ 440-444 CMP 440 TGT 482 SL 422 CB   JK CEMENT LTD * Stock is trading in rising channel pattern and current prices are hovering near lower b...
LKP Triology - Dilip Buildcon, Jk Cement, Delta Corp Ltd By LKP Securities
LKP Triology - Dilip Buildcon, Jk Cement, Delta Corp Ltd By LKP Securities
Source: LKP Securities Ltd
2/02/2021 9:33:51 AM