Buy JK Lakshmi Cement, target price Rs 1000: Axis Securities

Axis Securities has buy call on JK Lakshmi Cement Ltd. with a target price of Rs 1000.0. The current market price of JK Lakshmi Cement Ltd. is Rs 954.85.

JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 11326.33 Crore) operating in Cement sector.

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



Financials
For the quarter ended 31-12-2023, the company has reported a Consolidated Total Income of Rs 1719.54 Crore, up 8.25 % from last quarter Total Income of Rs 1588.51 Crore and up 9.10 % from last year same quarter Total Income of Rs 1576.06 Crore. Company reported net profit after tax of Rs 150.08 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 46.31 per cent stake in the company as of 31-Dec-2023, while FIIs owned 10.83 per cent, DIIs 27.55 per cent.