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    HomeNewsBusinessStocksBuy JK Cement; target of Rs 1180: Centrum

    Buy JK Cement; target of Rs 1180: Centrum

    Centrum is bullish on JK Cement has recommended buy rating on the stock with a target price of Rs 1180 in its research report dated May 16, 2018.

    Broker Research
    May 23, 2018 / 15:58 IST
       
       
      26 Aug, 2025 12:21
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      Centrum's research report onJK Cement

      While strong volume growth across both grey (+29% YoY) and white/putty (+11 YoY) drove 28% standalone revenue increase, grey realisation remained insufficient to pass on the cost inflation. Thus, EBITDA fell 5% YoY. On a downward revised PAT base of Q4FY17 and led by lower interest expense, PAT surged 105% YoY.

      Outlook

      We expect JKCE’s net D:E to remain stable at 1x during FY18-20E (vs 1.6-1.8x during FY15-17), on account of good internal accruals and stable working capital. We maintain BUY with a revised TP of Rs1180 (10x its FY20E consolidated EBITDA).

      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: May 23, 2018 03:58 pm

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