Buy JK Lakshmi Cement, target price Rs 338: Dharmesh Shah

Dharmesh Shah of ICICI Direct has buy call on JK Lakshmi Cement Ltd. with a target price of Rs 338.0 . The current market price of JK Lakshmi Cement Ltd. is Rs 313.5 Dharmesh Shah recommended to keep stoploss at Rs 295
JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 3614.82 Crore) operating in Cement sector.

JK Lakshmi Cement Ltd. key Products/Revenue Segments include Cement which contributed Rs 2993.20 Crore to Sales Value (85.17 % of Total Sales), Others which contributed Rs 516.54 Crore to Sales Value (14.69 % of Total Sales) and Other Operating Revenue which contributed Rs 4.45 Crore to Sales Value (0.12 % of Total Sales)for the year ending 31-Mar-2018.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1012.36 Crore, down -10.91 % from last quarter Sales of Rs 1136.32 Crore and up 5.61 % from last year same quarter Sales of Rs 958.60 Crore Company has reported net profit after tax of Rs 49.73 Crore in latest quarter. The company’s top management includes Dr.K N Memani, Dr.Raghupati Singhania, Dr.S Chouksey, Mr.B V Bhargava, Mr.Bharat Hari Singhania, Mr.N G Khaitan, Mr.Ravi Jhunjhunwala, Mr.S K Wali, Mrs.Bhaswati Mukherjee, Mrs.Vinita Singhania. Company has S S Kothari Mehta & Co as its auditoRs As on 30-09-2019, the company has a total of 117,670,066 shares outstanding.