Buy JK Cement, target price Rs 2883: Centrum Broking

Centrum Broking has buy call on JK Cement with a target price of Rs 2883. The current market price of JK Cement Ltd. is Rs 2254.25. Time period given by analyst is one year when JK Cement Ltd. price can reach defined target.

JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 17298.82 Crore) operating in Cement sector.

JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2392.98 Crore, up 16.37 % from last quarter Total Income of Rs 2056.28 Crore and up 10.37 % from last year same quarter Total Income of Rs 2168.19 Crore. Company reported net profit after tax of Rs 199.65 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 45.82 per cent stake in the company as of 31-Mar-2022, while FIIs owned 16.5 per cent, DIIs 20.63 per cent.