Buy JK Cement, target price Rs 5050: Anand Rathi

Anand Rathi has buy call on JK Cement with a target price of Rs 5050. The current market price of JK Cement Ltd. is Rs 3840.8.

JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 29747.12 Crore) operating in Cement sector.

JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 3151.45 Crore, up 5.99 % from last quarter Total Income of Rs 2973.29 Crore and up 11.92 % from last year same quarter Total Income of Rs 2815.85 Crore. Company reported net profit after tax of Rs 219.68 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 45.7 per cent stake in the company as of 31-Mar-2024, while FIIs owned 15.92 per cent, DIIs 23.36 per cent.