In this article, we delve into the comprehensive landscape of JK Lakshmi Cement Ltd, exploring its history, product portfolio, market presence, and the driving forces behind its success in the dynamic cement industry.
JK Lakshmi Cement Reports 41% Surge in Q4 Net Profit, Proposes Dividend Amidst Revenue Decline
- JK Lakshmi Cement reported a 41.13% increase in consolidated net profit for Q4 FY24, reaching Rs 162.06 crore compared to Rs 114.83 crore in Q4 FY23.
- Despite a 4.36% decline in revenue from operations to Rs 1,780.85 crore, profitability was bolstered by higher volumes, improved product and sales mix, and reduced fuel costs.
- Sales volume decreased by 4.27% to 25.51 lakh tonnes during the quarter.
- Total expenses were reported at Rs 1,556.82 crore, reflecting effective cost management strategies.
- For the fiscal year ended March 31, 2024, net profit rose by 32.17% to Rs 487.87 crore, with annual revenue increasing by 5.22% to Rs 6,788.47 crore.
- The board recommended a final dividend of Rs 4.50 per equity share for FY24, in addition to an interim dividend of Rs 2 per share earlier declared.
- JK Lakshmi Cement’s shares closed at Rs 794.55 on BSE, marking a slight decline of 0.14% from the previous close, indicating stable investor sentiment despite market conditions.
- Management aims to sustain growth momentum through operational efficiencies and strategic initiatives aimed at enhancing shareholder value in the coming quarters.
About JK Lakshmi Cement
JK Lakshmi Cement Ltd boasts a formidable manufacturing prowess with ownership and operation of seven cement and clinker plants strategically situated across Rajasthan, Chattisgarh, Gujarat, Haryana, and Odisha. This expansive network contributes to a combined cement capacity of approximately 14 million tonnes per annum (MnTPA) and clinker capacity of around 8.5 million tonnes (MnTn). Notably, the company achieved an impressive 81% capacity utilization during the fiscal year 2023, a testament to its operational efficiency and market demand. Looking forward, JK Lakshmi Cement Ltd embarked on a significant capacity expansion journey, adding 15.4 Mntn in FY23 and planning for a further expansion of approximately 18 Mntn in UCWL Line 2 during FY24.
Diverse product offerings under various brands such as JK Lakshmi Cement, JK Lakshmi PRO, Heavy Duty, JK Sixer, Super Sixer, Gypsum Plaster, Wall Putty, JKL Power Mix RMC, JK Smartblox, and Smartserve cater to distinct customer needs and preferences. This comprehensive portfolio underscores the company’s commitment to innovation and customer satisfaction, positioning JK Lakshmi Cement Ltd as a preferred choice in the competitive cement market.
Below are the trading platforms that you can use to purchase JK Lakshmi Cement shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| July 2024 | 869.70 | 756.26 |
| August 2024 | 904.49 | 786.51 |
| September 2024 | 940.67 | 817.98 |
| October 2024 | 922.23 | 801.94 |
| November 2024 | 959.12 | 834.01 |
| December 2024 | 968.71 | 842.35 |
In 2024, the prices for JK Lakshmi Cement shares are expected to vary considerably. As we step into July, the maximum price is projected to be ₹869.70, with a minimum of ₹756.26. Moving towards December, the prices are anticipated to reach a maximum of ₹968.71 and a minimum of ₹842.35, indicating a steady rise in share value throughout the year.
| When | Maximum Price | Minimum Price |
| January 2025 | 978.39 | 752.61 |
| February 2025 | 988.28 | 760.21 |
| March 2025 | 1,009.03 | 776.18 |
| April 2025 | 999.04 | 768.49 |
| May 2025 | 969.94 | 746.11 |
| June 2025 | 1,013.59 | 779.68 |
| July 2025 | 993.72 | 764.40 |
| August 2025 | 1,024.45 | 788.04 |
| September 2025 | 1,036.74 | 797.49 |
| October 2025 | 1,063.70 | 818.23 |
| November 2025 | 1,090.29 | 838.68 |
| December 2025 | 1,139.35 | 876.43 |
In 2025, JK Lakshmi Cement’s stock prices are projected to show an upward trend. In January, the maximum price is expected to reach ₹978.39, with a minimum of ₹752.61. By December, the maximum price is anticipated to climb to ₹1,139.35, while the minimum price should be around ₹876.43. As we step through the year, notable increases in both maximum and minimum prices are expected, reflecting potential growth and investor confidence in JK Lakshmi Cement.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,173.53 | 902.72 |
| February 2026 | 1,144.20 | 880.15 |
| March 2026 | 1,167.08 | 897.75 |
| April 2026 | 1,190.90 | 916.07 |
| May 2026 | 1,179.11 | 907.00 |
| June 2026 | 1,208.58 | 929.68 |
| July 2026 | 1,184.89 | 911.45 |
| August 2026 | 1,221.53 | 939.64 |
| September 2026 | 1,245.96 | 958.43 |
| October 2026 | 1,278.36 | 983.35 |
| November 2026 | 1,310.32 | 1,007.94 |
| December 2026 | 1,343.07 | 1,033.13 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,356.51 | 1,043.47 |
| February 2027 | 1,391.29 | 1,070.22 |
| March 2027 | 1,445.55 | 1,111.96 |
| April 2027 | 1,417.20 | 1,090.16 |
| May 2027 | 1,375.93 | 1,058.40 |
| June 2027 | 1,437.84 | 1,106.03 |
| July 2027 | 1,409.65 | 1,084.35 |
| August 2027 | 1,453.25 | 1,117.88 |
| September 2027 | 1,504.11 | 1,157.01 |
| October 2027 | 1,543.22 | 1,187.09 |
| November 2027 | 1,581.80 | 1,216.77 |
| December 2027 | 1,621.34 | 1,247.19 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,653.77 | 1,272.13 |
| February 2028 | 1,696.17 | 1,304.75 |
| March 2028 | 1,762.33 | 1,355.63 |
| April 2028 | 1,727.77 | 1,329.05 |
| May 2028 | 1,677.45 | 1,290.34 |
| June 2028 | 1,752.93 | 1,348.41 |
| July 2028 | 1,718.56 | 1,321.97 |
| August 2028 | 1,771.71 | 1,362.86 |
| September 2028 | 1,833.72 | 1,410.56 |
| October 2028 | 1,881.40 | 1,447.23 |
| November 2028 | 1,928.43 | 1,483.41 |
| December 2028 | 1,976.64 | 1,520.50 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,016.18 | 1,550.91 |
| February 2029 | 2,067.87 | 1,590.67 |
| March 2029 | 2,148.52 | 1,652.71 |
| April 2029 | 2,106.39 | 1,620.30 |
| May 2029 | 2,045.04 | 1,573.11 |
| June 2029 | 2,137.07 | 1,643.90 |
| July 2029 | 2,095.17 | 1,611.67 |
| August 2029 | 2,159.96 | 1,661.51 |
| September 2029 | 2,235.56 | 1,719.66 |
| October 2029 | 2,293.69 | 1,764.38 |
| November 2029 | 2,351.03 | 1,808.48 |
| December 2029 | 2,409.81 | 1,853.70 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,458.00 | 1,890.77 |
| February 2030 | 2,521.03 | 1,939.25 |
| March 2030 | 2,619.35 | 2,014.88 |
| April 2030 | 2,567.99 | 1,975.38 |
| May 2030 | 2,493.19 | 1,917.84 |
| June 2030 | 2,605.39 | 2,004.14 |
| July 2030 | 2,554.30 | 1,964.85 |
| August 2030 | 2,633.30 | 2,025.61 |
| September 2030 | 2,725.46 | 2,096.51 |
| October 2030 | 2,796.33 | 2,151.02 |
| November 2030 | 2,866.23 | 2,204.80 |
| December 2030 | 2,937.89 | 2,259.92 |
In January 2030, JK Lakshmi Cement’s stock is anticipated to reach a maximum price of ₹2,458.00 and a minimum price of ₹1,890.77. As the year progresses, by December 2030, the stock is projected to peak at a maximum price of ₹2,937.89, with the minimum price expected to rise to ₹2,259.92.
Financial Condition of JK Lakshmi Cement: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 4,364 | 4,727 | 5,420 | 6,452 | 6,788 |
| Expenses + | 3,566 | 3,789 | 4,469 | 5,613 | 5,737 |
| Operating Profit | 798 | 939 | 951 | 839 | 1,052 |
| OPM % | 18% | 20% | 18% | 13% | 15% |
| Other Income + | 16 | 35 | 41 | 58 | 77 |
| Interest | 225 | 192 | 142 | 133 | 150 |
| Depreciation | 220 | 225 | 223 | 228 | 246 |
| Profit before tax | 369 | 556 | 626 | 534 | 732 |
| Tax % | 31% | 24% | 24% | 31% | 33% |
| Net Profit + | 253 | 421 | 478 | 369 | 488 |
| EPS in Rs | 21.08 | 34.45 | 39.39 | 30.48 | 40.1 |
| Dividend Payout % | 12% | 11% | 13% | 12% | 16% |
Over the five-year period from March 2020 to March 2024, JK Lakshmi Cement demonstrated significant financial growth and resilience. Sales increased steadily from ₹4,364 crore to ₹6,788 crore, while expenses rose from ₹3,566 crore to ₹5,737 crore, indicating robust demand and expansion. Operating profit showed variability, peaking at ₹1,052 crore in March 2024, and operating profit margins fluctuated, recovering to 15% in the same year. Other income rose from ₹16 crore to ₹77 crore, reflecting diversified revenue streams, and interest expenses decreased from ₹225 crore to ₹150 crore, showcasing effective debt management. Profit before tax grew from ₹369 crore to ₹732 crore, despite tax rate fluctuations. Net profit improved from ₹253 crore to ₹488 crore, and earnings per share increased from ₹21.08 to ₹40.1. The dividend payout ratio also saw a slight increase, rising from 12% to 16%, highlighting the company’s commitment to returning value to shareholders.
FAQs
What is JK Lakshmi Cement’s current market capitalization?
JK Lakshmi Cement’s current market capitalization stands at ₹9,980 crore.
The current share price target for JK Lakshmi Cement is Rs 848.
The share price target for JK Lakshmi Cement in 2025 ranges from a minimum of ₹746.11 to a maximum of ₹1,139.35.
The share price target for JK Lakshmi Cement in 2030 ranges from a minimum of ₹2,937.89 to a maximum of ₹1,890.77.
What is JK Lakshmi Cement’s current P/E ratio?
JK Lakshmi Cement’s current stock P/E ratio is 21.4.
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Conclusion: JK Lakshmi Cement Ltd’s Journey Towards Sustainable Growth
Upon thorough examination, JK Lakshmi Cement Ltd emerges as a stalwart in the cement sector, characterized by consistent sales and profit growth in recent years. With an extensive manufacturing network and a diverse product lineup, the company demonstrates a steadfast dedication to quality, innovation, and customer satisfaction.
Projections of rising share prices until 2030, along with favorable endorsements from analysts like Motilal Oswal, underscore investor confidence and the company’s growth potential. Moreover, JK Lakshmi Cement’s strategic expansions and investments in eco-friendly initiatives highlight its forward-thinking approach to sustainable development.
Benefiting from a robust regional presence, operational efficiency, and cost-effective production, JK Lakshmi Cement is primed for sustained success in the competitive cement landscape. As it continues to explore new markets and bolster its capacities, the company remains poised for further advancement and market dominance.
What did we learn?
- 1 JK Lakshmi Cement Reports 41% Surge in Q4 Net Profit, Proposes Dividend Amidst Revenue Decline
- 2 About JK Lakshmi Cement
- 3 How to Purchase JK Lakshmi Cement Shares?
- 4 JK Lakshmi Cement Share Price Target 2024 – 2030
- 4.1 JK Lakshmi Cement Share Price Target 2024
- 4.2 JK Lakshmi Cement Share Price Target 2025
- 4.3 JK Lakshmi Cement Share Price Target 2026
- 4.4 JK Lakshmi Cement Share Price Target 2027
- 4.5 JK Lakshmi Cement Share Price Target 2028
- 4.6 JK Lakshmi Cement Share Price Target 2029
- 4.7 JK Lakshmi Cement Share Price Target 2030
- 5 Financial Condition of JK Lakshmi Cement: Last 5 Years
- 6 FAQs
- 6.1 What is JK Lakshmi Cement’s current market capitalization?
- 6.2 What is the current share price target for JK Lakshmi Cement?
- 6.3 What is the share price target for JK Lakshmi Cement in 2025?
- 6.4 What is the share price target for JK Lakshmi Cement in 2030?
- 6.5 What is JK Lakshmi Cement’s current P/E ratio?
- 7 Conclusion: JK Lakshmi Cement Ltd’s Journey Towards Sustainable Growth
