Buy JK Cement, target price Rs 3856: ICICI Securities

ICICI Securities has buy call on JK Cement with a target price of Rs 3856. The current market price of JK Cement Ltd. is Rs 3136.85.

JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 24209.30 Crore) operating in Cement sector.

JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 2794.22 Crore, down -.77 % from last quarter Total Income of Rs 2815.85 Crore and up 22.16 % from last year same quarter Total Income of Rs 2287.31 Crore. Company reported net profit after tax of Rs 113.47 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 45.8 per cent stake in the company as of 30-Jun-2023, while FIIs owned 15.5 per cent, DIIs 23.15 per cent.