Reduce JK Cement, target price Rs 4,590: HDFC Securities

HDFC Securities has a Reduce call on JK Cement with a target price of Rs 4,590. The current market price of JK Cement is Rs 5,020. JK Cement, incorporated in 1994, is a Mid Cap company with a market cap of Rs 38837.34 crore, operating in the cement sector.

JK Cement's key products/revenue segments include Cement and Other Operating Revenue for the year ending 31-Mar-2024.

Financials

For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 2974.83 crore, up 14.51% from last quarter Total Income of Rs 2597.90 crore and up .05% from last year same quarter Total Income of Rs 2973.29 crore. The company has reported net profit after tax of Rs 189.22 crore in the latest quarter.

The company?s top management includes Mrs.Sushila Devi Singhania, Ms.Praveen Mahajan, Mr.Sudhir Jalan, Mr.Ashok Sinha, Mr.Ashok Kumar Sharma, Mrs.Deepa Gopalan Wadhwa, Mr.Saurabh Chandra, Mr.Paul Heinz Hugentobler, Mr.Mudit Aggarwal, Mr.Ajay Kumar Saraogi, Mr.Madhavkrishna Singhania, Dr.Raghavpat Singhania, Dr.Nidhipati Singhania, Mr.Rakesh Sethi. Company has S R Batliboi & Co. LLP as its auditors. As on 31-12-2024, the company has a total of 8 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 45.68 per cent stake in the company as of 31-Dec-2024, while FIIs owned 16.88 per cent, DIIs 23.7 per cent.