JK Lakshmi Cement - Levers In Place To Improve Performance: Nirmal Bang

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Currently operating with a capacity of ~16.5 million tonnes per annum, JK Lakshmi Cement Ltd. is focused on maintaining a significant presence in key markets across North East and West India while aiming to expand its footprint in the South and North-East. The company's growth trajectory is set to reach a target of 30 mtpa by 2030 on the back of ongoing projects, including a 4.6 mtpa expansion in the East and new mining leases.In future, cement prices across India are expected to stabilise and become more uniform due to increasing capacities and heightened competition, which will balance price differences among the regions. We expect JK Lakshmi Cement to report revenue/Ebitda/profit after tax compound annual growth rate of 10%/17%/23% over FY24-FY26E. The company is trading at 7.8 times FY26E enterprise value/Ebitda, which is lower than the five-year average of 8.4 times. We have maintained "Buy", valuing JK Lakshmi Cement at nine times June-26E EV/Ebitda with a revised target price of Rs 912, underpinned by strategic positioning in the key North, West and East markets. The company is expected to grow on the back of stable realisations, higher volume, cost-saving initiatives, blending ratios, sufficient limestone reserves and direct dispatches..Click on the attachment to read the full report:.JK Lakshmi Cement - New Capacity Expansion To Drive Growth: Axis Securities.DISCLAIMERThis 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.

JK Lakshmi Cement - Levers In Place To Improve Performance: Nirmal Bang

The company is expected to grow on the back of stable realisations, higher volume, cost-saving initiatives, blending ratios, sufficient limestone reserves and direct dispatches, says the brokerage.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

JK Lakshmi Cement - Levers In Place To Improve Performance: Nirmal Bang

The company is expected to grow on the back of stable realisations, higher volume, cost-saving initiatives, blending ratios, sufficient limestone reserves and direct dispatches, says the brokerage.

Choose a plan

Follow Us

DOWNLOAD THE APP