Accelerating the market footprint

11 Mar 2024
5 Min read 
  • JK Lakshmi Cement is aiming to increase its grinding capacity to 30mtpa by FY30 from the current 14mtpa.
  •  The company has announced expansion plans in the east and central regions, as well as an acquisition in the north-east region to broaden its market presence.
  •  JK Lakshmi Cement has plans to set up grinding capacities at Nagaur, Kutch, and UCWL (line III) in the long run.
  •  The company is focusing on cost-saving measures, better realization, and increasing its renewable energy share.
  •  The stock is currently trading at a significant discount to its replacement cost and has the potential for re-rating.
  •  Motilal Oswal values JK Lakshmi Cement at 9x FY26E EV/EBITDA and reiterates a BUY rating with a target price of INR1,030.
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