External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>JK Lakshmi Cement (JKLC) is a dominant player in the cement industry, particularly in its key markets of North and West India, which contribute 75% of its revenue.</li><li>The company also holds a significant market presence in Eastern India.</li><li>On a consolidated basis, JKLC's total cement capacity exceeds 16 million tonnes per annum (mtpa)</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Lakshmi Cement (JKLC) is a dominant player in the cement industry, particularly in its key markets of North and West India, which contribute 75% of its revenue.The company also holds a significant market presence in Eastern India.On a consolidated basis, JKLC's total cement capacity exceeds 16 million tonnes per annum (mtpa)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week: JK Lakshmi Cement Ltd - 23 SEPTEMBER 2024

<ul><li>Aim to increase total capacity to 30 MTPA by 2030: The company aims to increase its total capacity to 30 MTPA by 2030 and boost its use of green power to 50% by 2025 and 80% by 2030, up from the current 38%.</li><li>During the year, the company completed a capacity expansion of 2.5 MTPA (grinding plant) and 1.5 MTPA (clinker plant) through its subsidiary, UCWL (Udaipur Cement Works Limited).</li><li>Additionally, its 1.35 MTPA Grinding Unit in Surat is progressing well and is scheduled for commissioning in FY25-26</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aim to increase total capacity to 30 MTPA by 2030: The company aims to increase its total capacity to 30 MTPA by 2030 and boost its use of green power to 50% by 2025 and 80% by 2030, up from the current 38%.During the year, the company completed a capacity expansion of 2.5 MTPA (grinding plant) and 1.5 MTPA (clinker plant) through its subsidiary, UCWL (Udaipur Cement Works Limited).Additionally, its 1.35 MTPA Grinding Unit in Surat is progressing well and is scheduled for commissioning in FY25-26Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Lakshmi Cement Ltd - New Capacity Expansion To Drive Growth

<ul><li>JKLC reported a mixed set of results for the period. Revenue and volume decreased by 12% and 8% respectively, falling below expectations.</li><li>However, EBITDA and PAT exceeded expectations, growing by 10% and 109% YoY, respectively, due to lower costs and increased other income.</li><li>EBITDA margins improved to 12.8%, up from 10.3% YoY, and slightly above our estimate of 12.4%. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JKLC reported a mixed set of results for the period. Revenue and volume decreased by 12% and 8% respectively, falling below expectations.However, EBITDA and PAT exceeded expectations, growing by 10% and 109% YoY, respectively, due to lower costs and increased other income.EBITDA margins improved to 12.8%, up from 10.3% YoY, and slightly above our estimate of 12.4%. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Lakshmi Cement Limited - Mixed Operating Performance; Retain BUY

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>We maintain our BUY rating on JK Lakshmi (JKLC) with an unchanged target price of INR 1,015/share</li><li>We value the company at 9x Sep-26E consolidated EBITDA. We expect JKLC to fire on all cylinders</li><li>The ramp-up of its north expansion and upcoming east capacities should support ~10% volume CAGR during FY24-27E</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We maintain our BUY rating on JK Lakshmi (JKLC) with an unchanged target price of INR 1,015/shareWe value the company at 9x Sep-26E consolidated EBITDA. We expect JKLC to fire on all cylindersThe ramp-up of its north expansion and upcoming east capacities should support ~10% volume CAGR during FY24-27EContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Lakshmi Cement: Firing on All Cylinders. Maintain BUY

<ul><li>JK Lakshmi Cement (JKLC) is a dominant player in the cement industry, particularly in its key markets of North and West India, from which it derives 75% of its revenue.</li><li>The company also has a significant market presence in Eastern India.</li><li>On a consolidated basis, JKLC's total cement capacity stands at over 16 million tonnes per annum (mtpa).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Lakshmi Cement (JKLC) is a dominant player in the cement industry, particularly in its key markets of North and West India, from which it derives 75% of its revenue.The company also has a significant market presence in Eastern India.On a consolidated basis, JKLC's total cement capacity stands at over 16 million tonnes per annum (mtpa).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week: JK Lakshmi Cement Ltd - 24 JUNE 2024

India

J.K. Lakshmi Cement Ltd. manufactures cement, which it sells under the brand name JK Lakshmi.

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JK Lakshmi Cement (JKLC IN)

Pick of the Week: JK Lakshmi Cement Ltd - 23 SEPTEMBER 2024

JK Lakshmi Cement (JKLC) is a dominant player in the cement industry, particularly in its key markets of North and West India, which contribute 75%...

Axis Direct

JK Lakshmi Cement Ltd - New Capacity Expansion To Drive Growth

During the year, the company completed a capacity expansion of 2.5 MTPA (grinding plant) and 1.5 MTPA (clinker plant) through its subsidiary, UCWL...

Axis Direct

JK Lakshmi Cement Limited - Mixed Operating Performance; Retain BUY

JKLC reported a mixed set of results for the period. Revenue and volume decreased by 12% and 8% respectively, falling below expectations.

Axis Direct

JK Lakshmi Cement: Firing on All Cylinders. Maintain BUY

We maintain our BUY rating on JK Lakshmi (JKLC) with an unchanged target price of INR 1,015/share. We value the company at 9x Sep-26E consolidated...

HDFC Securities

Pick of the Week: JK Lakshmi Cement Ltd - 24 JUNE 2024

JK Lakshmi Cement (JKLC) is a dominant player in the cement industry, particularly in its key markets of North and West India, from which it...

Axis Direct

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