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You are here : IndiaNotes >> Research & Analysis >> Companies >> JK Lakshmi Cement Ltd. >> Research

JK Lakshmi Cement Q2FY18: Decent Performance on Better Realisation; BUY

Reliance Securities | 14 Nov, 2017  | Follow Author | Add to my Favourites 
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We continue to like JKLC on the backdrop of the initiatives undertaken to improve operations in Eastern markets by means of WHRS, CPPs, commissioning of conveyor belt. We believe that commissioning of CPP and WHRS is likely to improve Durg plant’s operations. Further, favourable demand scenario in key markets is likely to aid JKLC to register sales volume growth of 12% CAGR over FY17-FY19E. We upgrade our recommendation on the stock to BUY from HOLD with a revised Target Price of Rs500 (9x FY19E EBITDA).


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Reliance Securities, the broking arm of Reliance Capital, is one of the India’s leading retail broking houses, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs amongst others. The large array of financial offerings helps customers fulfilling their investment objectives on one platform. Focus on timely & error-free execution represents its core strength. Their best in class research offerings, high degree of compliance with stock exchange regulations, ethical business standards, & strong risk management capabilities; Reliance Securities positions itself amongst strong & innovative brands in the financial services space.


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