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    HomeNewsBusinessStocksBuy J K Lakshmi Cement; target of Rs 384: Motilal Oswal

    Buy J K Lakshmi Cement; target of Rs 384: Motilal Oswal

    Motilal Oswal is bullish on J K Lakshmi Cement has recommended buy rating on the stock with a target price of Rs 384 in its research report dated 03 Aug 2018.

    Broker Research
    September 18, 2018 / 16:48 IST
       
       
      26 Aug, 2025 12:21
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      Motilal Oswal's research report onJ K Lakshmi Cement

      Volumes stood at 2.29mt (+0% YoY, +3% QoQ), below our estimate of 2.33mt due to lower clinker sales in north markets. Realizations were at INR4,032/t (+2.3% YoY, flat QoQ) v/s our estimate of INR4,072, as healthy pricing in east was offset by lower realizations in north. Revenue grew 2.5% YoY (+3% QoQ) to INR9.23b (est. of INR9.5b).

      Outlook

      The stock trades at 9.9x/7.5x FY19/20E EV/EBITDA and USD63/59 per ton on FY19/20 capacity. We value JKLC at EV of 8.5x FY20E EV/EBITDA (implied EV of USD67 on FY20E capacity), translating to a target price of INR384/share. Maintain Buy.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: Aug 7, 2018 05:59 pm

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