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 1 187,874 225,871 315,011 381,087 392,357 412,612 - -
Change - 20.22% 39.47% 20.98% 2.96% 5.16% - -
Enterprise Value (EV) 1 223,171 261,802 357,730 422,228 448,075 475,806 474,314 473,425
Change - 17.31% 36.64% 18.03% 6.12% 6.19% -0.31% -0.19%
P/E 27.7x 53x 39.8x 44.3x 39.5x 37.7x 29.1x 24.1x
PBR 4.34x 4.82x 5.87x 6.26x 5.58x 5.2x 4.49x 3.8x
PEG - -1.4x 0.5x 4.99x 2.6x 3.7x 1x 1.2x
Capitalization / Revenue 2.35x 2.32x 2.73x 3.21x 2.86x 2.61x 2.32x 2.08x
EV / Revenue 2.79x 2.69x 3.1x 3.55x 3.27x 3.01x 2.66x 2.39x
EV / EBITDA 15.1x 19.9x 17.4x 20.8x 18.9x 18.1x 14.5x 12.8x
EV / EBIT 19.6x 30.6x 24.1x 29.6x 26x 25x 19.8x 17.1x
EV / FCF -33x -112x 45.5x 192x -114x -35.7x 108x 37.9x
FCF Yield -3.03% -0.9% 2.2% 0.52% -0.88% -2.8% 0.92% 2.64%
Dividend per Share 2 15 15 20 15 20 19.66 20.93 28.18
Rate of return 0.62% 0.51% 0.49% 0.3% 0.39% 0.37% 0.39% 0.53%
EPS 2 87.9 55.17 102.4 111.4 128.4 141.7 183.8 221.5
Distribution rate 17.1% 27.2% 19.5% 13.5% 15.6% 13.9% 11.4% 12.7%
Net sales 1 79,908 97,202 115,560 118,792 137,223 158,217 178,217 198,261
EBITDA 1 14,822 13,143 20,598 20,271 23,742 26,285 32,661 37,030
EBIT 1 11,397 8,561 14,872 14,257 17,213 19,041 23,921 27,711
Net income 1 6,871 4,263 7,908 8,611 9,925 10,935 14,111 16,981
Net Debt 1 35,297 35,931 42,719 41,141 55,718 63,193 61,702 60,813
Reference price 2 2,431.45 2,923.20 4,076.85 4,932.00 5,077.85 5,340.00 5,340.00 5,340.00
Nbr of stocks (in thousands) 77,268 77,268 77,268 77,268 77,268 77,268 - -
Announcement Date 21/5/22 27/5/23 12/5/24 24/5/25 23/5/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.44x2.99x18x0.37% 4.29B
19.73x2.67x10.57x2.61% 48.82B
29.1x3.8x13.5x-.--% 18.04B
10.93x0.38x1.74x4.7% 13.06B
12.35x3.36x6.87x6.03% 12.74B
47.52x3.67x17.67x0.63% 9.36B
8.95x1.31x5.08x1.84% 8.42B
23.41x7.68x14.26x4.11% 7.87B
16.42x3.43x11.03x0.48% 6.4B
13.65x1.3x4.88x2.84% 5.84B
Average 21.95x 3.06x 10.36x 2.36% 13.48B
Weighted average by Cap. 21.05x 2.93x 10.13x 2.53%

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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