Latest news with #DeviSinghania
Economic Times
5 days ago
- Business
- Economic Times
HDFC Securities upgrades JK Cement to Add, revises target price to Rs 5,740
HDFC Securities has upgraded JK Cement to Add from Reduce earlier with a revised target price of Rs 5,740. The current market price of JK Cement is Rs 5444.0. JK Cement, incorporated in 1994, is a Mid Cap company with a market cap of Rs 42134.38 crore, operating in the cement sector. ADVERTISEMENT JK Cement's key products/revenue segments include Cement and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3627.06 crore, up 21.92% from last quarter Total Income of Rs 2974.83 crore and up 15.09% from last year same quarter Total Income of Rs 3151.45 crore. The company has reported net profit after tax of Rs 361.39 crore in the latest quarter. The company's top management includes Devi Singhania, Mahajan, Jalan, Sinha, Kumar Sharma, Gopalan Wadhwa, Chandra, Heinz Hugentobler, Aggarwal, Kumar Saraogi, Singhania, Singhania, Singhania, Sethi. Company has S R Batliboi & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 8 crore shares outstanding. Investment Rationale HDFC Securities has upgraded its rating on JK Cement to ADD from Reduce earlier, with a revised target price of Rs 5,740/sh (15x Mar-27E consolidated EBITDA). Their positive stance is driven by JK Cement's continued outperformance on both volumes and margin front. The brokerage estimates JK will continue to deliver industry leading 11% consolidated volume CAGR during FY25-27E and the blended unit EBITDA of Rs 1,191/1,275 per MT. These should drive up its RoE/ROCE to 19/17% in FY27E and net debt/EBITDA should cool off to 1.2x in FY27E, thus supporting its valuation multiple rerating. In Q4FY25. JK Cement delivered all-round performance ? strong traction in the grey cement drove up consolidated volume by 16% YoY and blended unit EBITDA increased to Rs 1,267 (Rs 263/MT QoQ). JK Cement lso tightened its operations, leading to negative non-cash working capital, bringing net debt to EBITDA to 2x in Mar-25E. Promoter/FII Holdings Promoters held 45.68 per cent stake in the company as of 31-Mar-2025, while FIIs owned 16.14 per cent, DIIs 24.5 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
Time of India
5 days ago
- Business
- Time of India
HDFC Securities upgrades JK Cement to Add, revises target price to Rs 5,740
HDFC Securities has upgraded JK Cement to Add from Reduce earlier with a revised target price of Rs 5,740. The current market price of JK Cement is Rs 5444.0. JK Cement, incorporated in 1994, is a Mid Cap company with a market cap of Rs 42134.38 crore, operating in the cement sector. JK Cement's key products/revenue segments include Cement and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3627.06 crore, up 21.92% from last quarter Total Income of Rs 2974.83 crore and up 15.09% from last year same quarter Total Income of Rs 3151.45 crore. The company has reported net profit after tax of Rs 361.39 crore in the latest quarter. The company's top management includes Devi Singhania, Mahajan, Jalan, Sinha, Kumar Sharma, Gopalan Wadhwa, Chandra, Heinz Hugentobler, Aggarwal, Kumar Saraogi, Singhania, Singhania, Singhania, Sethi. Company has S R Batliboi & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 8 crore shares outstanding. Live Events Investment Rationale HDFC Securities has upgraded its rating on JK Cement to ADD from Reduce earlier, with a revised target price of Rs 5,740/sh (15x Mar-27E consolidated EBITDA). Their positive stance is driven by JK Cement's continued outperformance on both volumes and margin front. The brokerage estimates JK will continue to deliver industry leading 11% consolidated volume CAGR during FY25-27E and the blended unit EBITDA of Rs 1,191/1,275 per MT. These should drive up its RoE/ROCE to 19/17% in FY27E and net debt/EBITDA should cool off to 1.2x in FY27E, thus supporting its valuation multiple rerating. In Q4FY25. JK Cement delivered all-round performance ? strong traction in the grey cement drove up consolidated volume by 16% YoY and blended unit EBITDA increased to Rs 1,267 (Rs 263/MT QoQ). JK Cement lso tightened its operations, leading to negative non-cash working capital, bringing net debt to EBITDA to < 2x in Mar-25E. Promoter/FII Holdings Promoters held 45.68 per cent stake in the company as of 31-Mar-2025, while FIIs owned 16.14 per cent, DIIs 24.5 per cent.
Economic Times
6 days ago
- Business
- Economic Times
JM Financial maintains Buy on JK Cement; raises target price to Rs 5,850
JM Financial has maintained a Buy call on JK Cement with a revised target price of Rs 5,850 (earlier Rs 5,300). The current market price of JK Cement is Rs 5297.75. The time period given by the analyst is a year when JK Cement price can reach the defined target. JK Cement, incorporated in 1994, is a Mid Cap company with a market cap of Rs 40890.36 crore, operating in the Cement sector. ADVERTISEMENT JK Cement's key products/revenue segments include Cement and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3627.06 crore, up 21.92% from last quarter Total Income of Rs 2974.83 crore and up 15.09% from last year same quarter Total Income of Rs 3151.45 crore. The company has reported net profit after tax of Rs 361.39 crore in the latest quarter. The company's top management includes Devi Singhania, Mahajan, Jalan, Sinha, Kumar Sharma, Gopalan Wadhwa, Chandra, Heinz Hugentobler, Aggarwal, Kumar Saraogi, Singhania, Singhania, Singhania, Sethi. Company has S R Batliboi & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 8 crore shares outstanding. Investment Rationale ADVERTISEMENT JK Cement delivered its highest-ever standalone EBITDA in 4QFY25, registering a robust 35% YoY and 50% QoQ growth to Rs 7.4bn, beating JM Financial's and consensus estimates by ~7% and 16%, respectively, driven largely by lower-than-expected cost/tn. Blended EBITDA/tn rose 17% YoY and 22% QoQ to Rs 1,265 (JM Financial estimate: Rs 1,220). The company remains on track to expand its grey cement capacity to ~30mt by FY26 and 50mt by FY30, supporting strong volume growth and market share gains in the coming years. With structural cost-saving levers of Rs 150-200/tn (Rs 40/tn already achieved in FY25), and despite planned capex of Rs 57 billion through FY28E, the brokerage expects net debt to remain contained at Rs 30 billion-35 billion, supported by healthy cash flow generation. Incorporating the 4Q outperformance and a positive pricing outlook, the brokerage has raised its FY26-27 EBITDA estimates by 4-5% and revised its target multiple to 16.5x (from 16x) with revised Mar'26 target price of Rs 5,850/sh. JK Cement remains JM Financial's top pick in the mid-cap cement space. Promoter/FII Holdings Promoters held 45.68 per cent stake in the company as of 31-Mar-2025, while FIIs owned 16.14 per cent, DIIs 24.5 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
Time of India
6 days ago
- Business
- Time of India
JM Financial maintains Buy on JK Cement; raises target price to Rs 5,850
JM Financial has maintained a Buy call on JK Cement with a revised target price of Rs 5,850 (earlier Rs 5,300). The current market price of JK Cement is Rs 5297.75. The time period given by the analyst is a year when JK Cement price can reach the defined target. JK Cement, incorporated in 1994, is a Mid Cap company with a market cap of Rs 40890.36 crore, operating in the Cement sector. JK Cement's key products/revenue segments include Cement and Other Operating Revenue for the year ending 31-Mar-2024. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gain expertise in Deep Learning & NLP with AI & ML BITS Pilani WILP Apply Now Undo Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3627.06 crore, up 21.92% from last quarter Total Income of Rs 2974.83 crore and up 15.09% from last year same quarter Total Income of Rs 3151.45 crore. The company has reported net profit after tax of Rs 361.39 crore in the latest quarter. The company's top management includes Devi Singhania, Mahajan, Jalan, Sinha, Kumar Sharma, Gopalan Wadhwa, Chandra, Heinz Hugentobler, Aggarwal, Kumar Saraogi, Singhania, Singhania, Singhania, Sethi. Company has S R Batliboi & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 8 crore shares outstanding. Live Events Investment Rationale JK Cement delivered its highest-ever standalone EBITDA in 4QFY25, registering a robust 35% YoY and 50% QoQ growth to Rs 7.4bn, beating JM Financial's and consensus estimates by ~7% and 16%, respectively, driven largely by lower-than-expected cost/tn. Blended EBITDA/tn rose 17% YoY and 22% QoQ to Rs 1,265 (JM Financial estimate: Rs 1,220). The company remains on track to expand its grey cement capacity to ~30mt by FY26 and 50mt by FY30, supporting strong volume growth and market share gains in the coming years. With structural cost-saving levers of Rs 150-200/tn (Rs 40/tn already achieved in FY25), and despite planned capex of Rs 57 billion through FY28E, the brokerage expects net debt to remain contained at Rs 30 billion-35 billion, supported by healthy cash flow generation. Incorporating the 4Q outperformance and a positive pricing outlook, the brokerage has raised its FY26-27 EBITDA estimates by 4-5% and revised its target multiple to 16.5x (from 16x) with revised Mar'26 target price of Rs 5,850/sh. JK Cement remains JM Financial's top pick in the mid-cap cement space. Promoter/FII Holdings Promoters held 45.68 per cent stake in the company as of 31-Mar-2025, while FIIs owned 16.14 per cent, DIIs 24.5 per cent.
