Company Valuation: J.K. Cement Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 187,874 225,871 315,011 381,087 392,357 424,859 - -
Change - 20.22% 39.47% 20.98% 2.96% 8.28% - -
Enterprise Value (EV) 1 223,171 261,802 357,730 422,228 448,075 490,806 489,228 489,179
Change - 17.31% 36.64% 18.03% 6.12% 9.54% -0.32% -0.01%
P/E 27.7x 53x 39.8x 44.3x 39.5x 39.5x 29.5x 23.3x
PBR 4.34x 4.82x 5.87x 6.26x 5.58x 5.37x 4.63x 3.89x
PEG - -1.4x 0.5x 4.99x 2.6x 4.77x 0.9x 0.9x
Capitalization / Revenue 2.35x 2.32x 2.73x 3.21x 2.86x 2.73x 2.42x 2.15x
EV / Revenue 2.79x 2.69x 3.1x 3.55x 3.27x 3.16x 2.79x 2.47x
EV / EBITDA 15.1x 19.9x 17.4x 20.8x 18.9x 18.7x 15x 12.9x
EV / EBIT 19.6x 30.6x 24.1x 29.6x 26x 26.5x 20.7x 17.4x
EV / FCF -33x -112x 45.5x 192x -114x -34.2x 107x 99.6x
FCF Yield -3.03% -0.9% 2.2% 0.52% -0.88% -2.93% 0.93% 1%
Dividend per Share 2 15 15 20 15 20 19.24 19.93 31.25
Rate of return 0.62% 0.51% 0.49% 0.3% 0.39% 0.35% 0.36% 0.57%
EPS 2 87.9 55.17 102.4 111.4 128.4 139.1 186.4 235.8
Distribution rate 17.1% 27.2% 19.5% 13.5% 15.6% 13.8% 10.7% 13.3%
Net sales 1 79,908 97,202 115,560 118,792 137,223 155,392 175,245 197,816
EBITDA 1 14,822 13,143 20,598 20,271 23,742 26,204 32,538 38,020
EBIT 1 11,397 8,561 14,872 14,257 17,213 18,502 23,678 28,080
Net income 1 6,871 4,263 7,908 8,611 9,925 10,739 14,315 18,229
Net Debt 1 35,297 35,931 42,719 41,141 55,718 65,946 64,369 64,320
Reference price 2 2,431.45 2,923.20 4,076.85 4,932.00 5,077.85 5,498.50 5,498.50 5,498.50
Nbr of stocks (in thousands) 77,268 77,268 77,268 77,268 77,268 77,268 - -
Announcement Date 21/05/22 27/05/23 12/05/24 24/05/25 23/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
39.77x3.17x18.83x0.35% 4.49B
21.02x2.82x11.11x2.48% 51.62B
24.8x3.47x12.56x-.--% 14.83B
10.29x0.43x1.87x4.89% 12.67B
10.98x2.97x6.03x7% 10.89B
54.26x4.47x20.32x0.52% 9.94B
9.69x1.49x5.62x1.68% 9.41B
25.2x8.25x15.31x3.82% 8.41B
16.92x3.61x11.25x0.43% 6.81B
24.84x1.1x4.83x3.68% 5.45B
Average 23.78x 3.18x 10.77x 2.48% 13.45B
Weighted average by Cap. 22.11x 3.03x 10.56x 2.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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