JK Cement - Augmenting Capacity To Support Deeper Market Reach; Retain Buy: Axis Securities

Axis Securities Report

JK Cement Ltd.'s growth plan is progressing well and with its strong presence in the key markets of North India and a recent expansion in the growth-oriented Central region, the company is poised to continue its growth trajectory.

With the government's emphasis on infrastructure and affordable housing, coupled with real estate demand and new unit capacity ramp-up, JK Cement is poised to expand its market share and deliver exceptional industry performance in the foreseeable future.

We expect the company to grow its volumes/revenue/Ebitda/adjusted profit after tax at a compound annual growth rate of 11%/10%/16%21/% over FY24-FY26E.

We value JK Cement at 15 times FY26E enterprise value/Ebitda and assign a Buy rating to the company with a target price of Rs 4,920/share, implying an upside potential of 12% from the current market price.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.