Hold JK Cement, target price Rs 3150: Emkay Global

Emkay Global has hold call on JK Cement with a target price of Rs 3150. The current market price of JK Cement Ltd. is Rs 2308.35 Time period given by analyst is one year when JK Cement Ltd. price can reach defined target.

JK Cement Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 18174.65 Crore) operating in Cement sector.

JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 2056.28 Crore, up 5.83 % from last quarter Total Income of Rs 1942.96 Crore and up 10.38 % from last year same quarter Total Income of Rs 1862.94 Crore. Company reported net profit after tax of Rs 140.19 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.5 per cent stake in the company as of 31-Dec-2021, while FIIs owned 17.76 per cent, DIIs 19.77 per cent.