JK Cement Ltd., established in 1975, is a leading Indian manufacturer of grey and white cement, renowned for its diverse range of construction products. Starting with a grey cement plant in Nimbahera, Rajasthan, the company has grown into a global player with subsidiaries like JK Cement Works Fujairah FZC and JK White Cement (Africa) Ltd. Its product portfolio includes grey cement, white cement, wall putty, tile adhesives, and grouts, designed for both residential and large infrastructure projects. Known for its commitment to sustainability and innovation, JK Cement has played a role in prestigious projects like the Atal Tunnel and Statue of Unity. Driven by a vision to be a preferred partner in nation-building, the company focuses on delivering high-quality, durable products that meet customer needs while prioritizing environmental responsibility and continuous improvement
In this article, we’ll examine J.K CEMENT’s stock price target for the years 2024 to 2030 and determine whether the share price is a good buy for investors looking to diversify their investments.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 45.80% | 45.80% | 45.70% | 45.70% | 45.70% |
| FIIs + | 15.50% | 14.40% | 15.25% | 15.92% | 17.71% |
| DIIs + | 23.15% | 24.25% | 24.01% | 23.37% | 22.06% |
| Public + | 15.54% | 15.54% | 15.00% | 14.99% | 14.52% |
| No. of Shareholders | 71,764 | 72,582 | 68,181 | 77,580 | 79,162 |
The shareholding pattern of JK Cement Ltd. from June 2023 to June 2024 reveals important trends across different categories of shareholders.
Promoters maintained a consistent stake of 45.80% in June and September 2023, which slightly reduced to 45.70% from December 2023 to June 2024, indicating stable control over the company. Foreign Institutional Investors (FIIs) showed significant fluctuations, holding 15.50% in June 2023, which dipped to 14.40% in September 2023, but saw a steady increase thereafter, reaching 17.71% by June 2024. Domestic Institutional Investors (DIIs) increased their stake from 23.15% in June 2023 to 24.25% in September 2023, before gradually reducing to 22.06% by June 2024. The public shareholding also saw a slight decrease from 15.54% in June 2023 to 14.52% by June 2024, suggesting a small reduction in individual investor participation.
Meanwhile, the number of shareholders grew steadily, rising from 71,764 in June 2023 to 79,162 by June 2024, reflecting an increase in investor interest during the period. Overall, while promoter holding remained stable, the rise in FII interest and a slight decline in DII and public stakes characterize the evolving ownership dynamics of JK Cement Ltd.
Below are the trading platforms that you can use to purchase J.K CEMENTS shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| October 2024 | 4,884.15 | 4,247.09 |
| November 2024 | 5,079.52 | 4,416.97 |
| December 2024 | 5,130.32 | 4,461.14 |
As we step into 2024, J K Cements’ share prices are projected to witness notable movement. By October 2024, the maximum price is expected to reach ₹4,884.15, while the minimum could hover around ₹4,247.09. Moving forward, as we approach November 2024, J K Cements’ share prices are forecasted to climb further, with a maximum price of ₹5,079.52 and a minimum of ₹4,416.97. Finally, as December 2024 unfolds, J K Cements is anticipated to close the year with a maximum price of ₹5,130.32 and a minimum of ₹4,461.14.
| When | Maximum Price | Minimum Price |
| January 2025 | 5,181.62 | 3,985.86 |
| February 2025 | 5,233.96 | 4,026.12 |
| March 2025 | 5,343.87 | 4,110.67 |
| April 2025 | 5,290.96 | 4,069.97 |
| May 2025 | 5,136.86 | 3,951.43 |
| June 2025 | 5,368.01 | 4,129.24 |
| July 2025 | 5,262.76 | 4,048.28 |
| August 2025 | 5,425.53 | 4,173.48 |
| September 2025 | 5,490.63 | 4,223.56 |
| October 2025 | 5,633.39 | 4,333.38 |
| November 2025 | 5,774.22 | 4,441.71 |
| December 2025 | 6,034.06 | 4,641.59 |
As we move through 2025, J K Cements is expected to see steady price growth. In January, the stock may range between ₹5,181.62 and ₹3,985.86, gradually rising to ₹5,343.87 by March with a minimum of ₹4,110.67. Mid-year, prices could fluctuate between ₹5,368.01 in June and ₹4,129.24. By October, the stock may peak at ₹5,633.39, with a minimum of ₹4,333.38. As we approach December, J K Cements is expected to close strong, with a high of ₹6,034.06 and a low of ₹4,641.59.
| When | Maximum Price | Minimum Price |
| January 2026 | 6,215.08 | 4,780.83 |
| February 2026 | 6,059.71 | 4,661.31 |
| March 2026 | 6,180.90 | 4,754.54 |
| April 2026 | 6,307.04 | 4,851.57 |
| May 2026 | 6,244.60 | 4,803.54 |
| June 2026 | 6,400.71 | 4,923.62 |
| July 2026 | 6,275.21 | 4,827.08 |
| August 2026 | 6,469.29 | 4,976.37 |
| September 2026 | 6,598.67 | 5,075.90 |
| October 2026 | 6,770.24 | 5,207.87 |
| November 2026 | 6,939.49 | 5,338.07 |
| December 2026 | 7,112.98 | 5,471.52 |
| When | Maximum Price | Minimum Price |
| January 2027 | 7,184.11 | 5,526.24 |
| February 2027 | 7,368.32 | 5,667.94 |
| March 2027 | 7,655.68 | 5,888.99 |
| April 2027 | 7,505.57 | 5,773.52 |
| May 2027 | 7,286.96 | 5,605.36 |
| June 2027 | 7,614.88 | 5,857.60 |
| July 2027 | 7,465.56 | 5,742.74 |
| August 2027 | 7,696.46 | 5,920.35 |
| September 2027 | 7,965.83 | 6,127.56 |
| October 2027 | 8,172.95 | 6,286.88 |
| November 2027 | 8,377.27 | 6,444.05 |
| December 2027 | 8,586.70 | 6,605.15 |
| When | Maximum Price | Minimum Price |
| January 2028 | 8,758.43 | 6,737.26 |
| February 2028 | 8,983.01 | 6,910.01 |
| March 2028 | 9,333.35 | 7,179.50 |
| April 2028 | 9,150.34 | 7,038.72 |
| May 2028 | 8,883.83 | 6,833.71 |
| June 2028 | 9,283.60 | 7,141.23 |
| July 2028 | 9,101.57 | 7,001.20 |
| August 2028 | 9,383.06 | 7,217.74 |
| September 2028 | 9,711.47 | 7,470.36 |
| October 2028 | 9,963.96 | 7,664.59 |
| November 2028 | 10,213.06 | 7,856.20 |
| December 2028 | 10,468.39 | 8,052.61 |
| When | Maximum Price | Minimum Price |
| January 2029 | 10,677.76 | 8,213.66 |
| February 2029 | 10,951.55 | 8,424.27 |
| March 2029 | 11,378.66 | 8,752.81 |
| April 2029 | 11,155.54 | 8,581.19 |
| May 2029 | 10,830.63 | 8,331.25 |
| June 2029 | 11,318.00 | 8,706.16 |
| July 2029 | 11,096.08 | 8,535.45 |
| August 2029 | 11,439.26 | 8,799.43 |
| September 2029 | 11,839.63 | 9,107.41 |
| October 2029 | 12,147.46 | 9,344.20 |
| November 2029 | 12,451.15 | 9,577.81 |
| December 2029 | 12,762.43 | 9,817.25 |
| When | Maximum Price | Minimum Price |
| January 2030 | 13,017.68 | 10,013.60 |
| February 2030 | 13,351.47 | 10,270.36 |
| March 2030 | 13,872.17 | 10,670.90 |
| April 2030 | 13,600.17 | 10,461.67 |
| May 2030 | 13,204.05 | 10,156.96 |
| June 2030 | 13,798.23 | 10,614.02 |
| July 2030 | 13,527.68 | 10,405.91 |
| August 2030 | 13,946.06 | 10,727.74 |
| September 2030 | 14,434.17 | 11,103.21 |
| October 2030 | 14,809.46 | 11,391.89 |
| November 2030 | 15,179.70 | 11,676.69 |
| December 2030 | 15,559.19 | 11,968.61 |
In 2030, J K Cements is projected to experience significant price growth. In January, the stock is expected to range between a maximum of ₹13,017.68 and a minimum of ₹10,013.60. By March, prices may rise further, reaching a high of ₹13,872.17 and a low of ₹10,670.90. Mid-year, in June, the stock could fluctuate between ₹13,798.23 and ₹10,614.02. As we approach October, J K Cements may peak at ₹14,809.46, with a minimum of ₹11,391.89. Finally, in December, the stock is anticipated to close the year strong, with a maximum of ₹15,559.19 and a minimum of ₹11,968.61.
Financial Condition of J.K CEMENTS: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 5,802 | 6,606 | 7,991 | 9,720 | 11,556 | 11,601 |
| Expenses + | 4,556 | 5,022 | 6,478 | 8,393 | 9,485 | 9,463 |
| Operating Profit | 1,246 | 1,585 | 1,513 | 1,327 | 2,071 | 2,138 |
| OPM % | 21% | 24% | 19% | 14% | 18% | 18% |
| Other Income + | 53 | 67 | 112 | 75 | 129 | 168 |
| Interest | 276 | 253 | 270 | 312 | 453 | 455 |
| Depreciation | 288 | 306 | 342 | 462 | 573 | 581 |
| Profit before tax | 734 | 1,093 | 1,013 | 628 | 1,174 | 1,270 |
| Tax % | 34% | 36% | 33% | 34% | 33% | |
| Net Profit + | 483 | 703 | 679 | 416 | 790 | 864 |
| EPS in Rs | 63.73 | 91.85 | 88.93 | 54.82 | 102.35 | 111.84 |
| Dividend Payout % | 12% | 16% | 17% | 27% | 20% |
JK Cement Ltd.’s financial performance over the five-year period from March 2020 to March 2024, along with its trailing twelve months (TTM), reflects a steady upward trend in sales, despite some volatility in profitability.
Sales grew consistently, from ₹5,802 crore in March 2020 to ₹11,556 crore in March 2024, with the TTM figure standing at ₹11,601 crore. This growth underscores the company’s expanding market presence and demand for its products. However, expenses followed a similar trend, rising from ₹4,556 crore in 2020 to ₹9,485 crore by 2024, marginally dipping to ₹9,463 crore in the TTM period. Operating profit saw some fluctuations, reaching ₹2,071 crore in March 2024 after dipping to ₹1,327 crore in March 2023. The operating profit margin (OPM) started strong at 24% in 2021 but declined to 14% in 2023, before improving to 18% in 2024.
Other income showed a positive increase, reaching ₹168 crore in the TTM period. However, higher interest and depreciation costs, especially in 2024, constrained profit growth. Interest expenses rose from ₹276 crore in 2020 to ₹455 crore in 2024, and depreciation jumped significantly to ₹573 crore in 2024.
Despite these challenges, profit before tax (PBT) improved to ₹1,174 crore in 2024, and net profit recovered to ₹790 crore in the same year, compared to ₹416 crore in 2023. Earnings per share (EPS) showed a substantial rise to ₹102.35 in 2024, reflecting an overall improvement in profitability, with the TTM figure even higher at ₹111.84.
Dividend payout increased from 12% in 2020 to 27% in 2023, before settling at 20% in 2024, indicating the company’s commitment to rewarding shareholders while balancing its reinvestment needs. Overall, JK Cement demonstrated resilience, with improvements in revenue and profitability towards the end of the period.
Motilal Oswal’s research report dated September 20, 2024, gives a bullish buy rating for J.K. Cement with a target price of ₹5600.00.
FAQS
According to market analysts, the share price target for J.K Cements in 2024-2030 is expected to increase due to strong growth potential.
Considering J.K Cement’s financial performance and growth prospects, reaching a share price of 5000 INR by 2025 is possible. From our price prediction, J.K. Cements could reach 5,000 INR by January 2025.
The company’s revenue growth, profit margins, capacity expansion plans, and government policies related to the construction industry are some of the factors that may impact its share price.
What are the risks associated with investing in J.K Cement Ltd?
The risks associated with investing in J.K Cements Ltd include market volatility, fluctuating raw material prices, regulatory changes, and competition from other cement manufacturers.
What is the price-to-earnings ratio of J.K Cements Ltd?
J.K Cement’s price-to-earnings ratio has been around 41.8.
Is J.K Cements Ltd a good stock to buy?
J.K Cements Ltd’s consistent revenue and profit growth, strong market position, and capacity expansion plans make it an attractive investment option for long-term investors looking for exposure to the construction industry. However, investors should always do their research and assess their risk tolerance before investing in any stock.
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Conclusion
J.K. Cement has shown substantial financial growth over the past five years, marked by significant increases in sales, operating profit, and EPS. Despite rising expenses and interest costs, the company has sustained a strong market presence and impressive revenue growth. Analysts remain optimistic about its future, projecting steady share price increases through 2030.
With consistent revenue and profit growth, market dominance, and strategic expansion plans, J.K. Cement presents a compelling investment opportunity for long-term investors. Nonetheless, potential investors should be mindful of market volatility and other risks before making investment decisions
What did we learn?
- 1 Shareholding Patterns of J K Cements Ltd
- 2 How to Purchase J.K CEMENTS shares?
- 3 J.K CEMENTS Share Price Prediction: 2024 to 2030
- 4 Financial Condition of J.K CEMENTS: Last 5 years
- 5 J.K CEMENTS Share Price Target by Experts
- 6 FAQS
- 6.1 What is the share price target for J.K Cements in 2024-2030?
- 6.2 Can J.K Cements reach a share price of 5000 INR by 2025?
- 6.3 What are the factors that may impact J.K Cements Ltd’s share price in the coming years?
- 6.4 What are the risks associated with investing in J.K Cement Ltd?
- 6.5 What is the price-to-earnings ratio of J.K Cements Ltd?
- 6.6 Is J.K Cements Ltd a good stock to buy?
- 7 Conclusion
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