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 1 187,874 225,871 315,011 381,087 392,357 417,137 - -
Change - 20.22% 39.47% 20.98% 2.96% 6.32% - -
Enterprise Value (EV) 1 223,171 261,802 357,730 422,228 448,075 483,082 481,506 481,456
Change - 17.31% 36.64% 18.03% 6.12% 7.81% -0.33% -0.01%
P/E 27.7x 53x 39.8x 44.3x 39.5x 38.8x 28.9x 22.9x
PBR 4.34x 4.82x 5.87x 6.26x 5.58x 5.27x 4.56x 3.82x
PEG - -1.4x 0.5x 4.99x 2.6x 4.59x 0.8x 0.9x
Capitalization / Revenue 2.35x 2.32x 2.73x 3.21x 2.86x 2.68x 2.38x 2.11x
EV / Revenue 2.79x 2.69x 3.1x 3.55x 3.27x 3.11x 2.75x 2.43x
EV / EBITDA 15.1x 19.9x 17.4x 20.8x 18.9x 18.4x 14.8x 12.7x
EV / EBIT 19.6x 30.6x 24.1x 29.6x 26x 26.2x 20.5x 17.1x
EV / FCF -33x -112x 45.5x 192x -114x -33.6x 105x 98x
FCF Yield -3.03% -0.9% 2.2% 0.52% -0.88% -2.97% 0.95% 1.02%
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% 0.36% 0.37% 0.58%
EPS 2 87.9 55.17 102.4 111.4 128.4 139.3 187 235.8
Distribution rate 17.1% 27.2% 19.5% 13.5% 15.6% 13.8% 10.7% 13.3%
Net sales 1 79,908 97,202 115,560 118,792 137,223 155,508 175,194 197,816
EBITDA 1 14,822 13,143 20,598 20,271 23,742 26,197 32,555 38,020
EBIT 1 11,397 8,561 14,872 14,257 17,213 18,415 23,508 28,080
Net income 1 6,871 4,263 7,908 8,611 9,925 10,758 14,361 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 5,398.55 5,398.55 5,398.55
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.($)
38.62x3.1x18.39x0.36% 4.36B
20.43x2.73x10.76x2.55% 49.93B
23.47x3.33x12.05x-.--% 14.04B
10.23x0.42x1.84x4.92% 12.58B
12.9x3.48x7.06x5.96% 12.74B
54.41x4.49x20.38x0.52% 9.94B
9.15x1.39x5.24x1.78% 8.86B
25.2x8.25x15.31x3.82% 8.37B
15.91x3.42x10.7x0.49% 6.35B
25.36x1.28x6.28x3.63% 5.3B
Average 23.57x 3.19x 10.80x 2.4% 13.25B
Weighted average by Cap. 21.74x 3.02x 10.40x 2.58%

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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