Buy JK Lakshmi Cement, target price Rs 847: Axis Securities

Axis Securities has buy call on JK Lakshmi Cement with a target price of Rs 847.0. The current market price of JK Lakshmi Cement is Rs 777.9.

JK Lakshmi Cement, incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 9147.08 Crore) operating in Cement sector.

JK Lakshmi Cement Ltd. key Products/Revenue Segments include Cement & Clinker, Building Products and Other Operating Revenue for the year ending 31-Mar-2024.


Financials

For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 1576.96 Crore, down -12.74 % from last quarter Total Income of Rs 1807.15 Crore and down -9.44 % from last year same quarter total income of Rs 1741.38 Crore. Company has reported net profit after tax of Rs 65.00 Crore in latest quarter.

Promoter/FII Holdings

Promoters held 46.34% stake in the company as of 30-Jun-2024, while FIIs owned 11.34%, DIIs 25.33%