Add JK Cement, target price Rs 4818: ICICI Securities

ICICI Securities has add call on JK Cement with a target price of Rs 4818. The current market price of JK Cement Ltd. is Rs 4367.8.

JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 33781.68 Crore) operating in Cement sector.

JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 2852.31 Crore, down -9.49 % from last quarter Total Income of Rs 3151.45 Crore and up 2.08 % from last year same quarter Total Income of Rs 2794.22 Crore. Company reported net profit after tax of Rs 184.82 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 45.7 per cent stake in the company as of 30-Jun-2024, while FIIs owned 17.7 per cent, DIIs 22.06 per cent.