Buy JK Lakshmi Cement, target price Rs 930: Motilal Oswal

Motilal Oswal has buy call on JK Lakshmi Cement Ltd. with a target price of Rs 930. The current market price of JK Lakshmi Cement Ltd. is Rs 784.1.

JK Lakshmi Cement Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 9248.87 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 30-09-2023, the company reported a Consolidated Total Income of Rs 1588.51 Crore, down -8.78 % from last quarter Total Income of Rs 1741.38 Crore and up 14.02 % from last year same quarter Total Income of Rs 1393.15 Crore. Company reported net profit after tax of Rs 95.89 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 46.31 per cent stake in the company as of 30-Sep-2023, while FIIs owned 10.53 per cent, DIIs 27.61 per cent.