Fundamental Analysis

JK LAKSHMI CEMENT

Ticker : 500380 
BUY : Rs 358 
Target : Rs395

JK Lakshmi Cement is a renowned and well-established name in the Indian cement industry for the past three decades, recording an annual turnover of over Rs 4,000 crore. It has its presence in Northern, Western & Eastern India’s cement markets. On the consolidated quarterly front, the company reported net sales of Rs 1,259.84 crore for Q3FY21, which is an increase of 16.88 per cent from its net sales of Rs 1,077.92 crore reported for Q3FY20. The operating profit rose by 29.4 per cent to Rs 248.62 crore in Q3FY21 from Rs 192.13 crore posted in Q3FY20. The company gained a net profit of Rs 118.44 crore in Q3FY21, which is a massive increase of 132 per cent compared to the net profit of Rs 50.85 crore gained in Q3FY20. Considering the strong financial growth of JK Lakshmi Cement as well as the potential growth of the cement industry through the untapped markets of the economy, we recommend BUY for this stock.