Mehabe score: 8 G Factor: 4 Piotski Score: 8 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 4 and Piotski score of 8.
Description
JK Cements is engaged in the manufacturing and selling of Cement and Cement related products.(Source : 202003-01 Annual Report Page No:87)Site:JKCEMENTMain Symbol:JKCEMENT
Stock trades at 3077.0, above its 50dma 2945.41. It also trades above its 200dma 2491.32. The stock remains bullish on techicals
The 52 week high is at 3289.00 and the 52week low is at 1412.30
Price Chart
P/E Chart
Sales and Margin
Strengths
– has delivered good profit growth of 65.10% CAGR over last 5 years
– has been maintaining a healthy dividend payout of 18.89%
Weakness
– The company has delivered a poor sales growth of 8.66% over past five years.
– might be capitalizing the interest cost
-Promoter holding has decreased over last 3 years: -6.53%
Competition
– The industry trades at a mean P/E of 22.7x. Shree Cement trades at the industry’s max P/E of 44.41x. JKCEMENT trades at a P/E of 33.5x
– Industry’s mean G-Factor is 5.3 while the mean Piotski score is 9.0. JKCEMENT has a G-Factor of 4 and Piotski scoreof 8.
– Average 1 month return for industry is 12.3%. The max 1- month return was given by JK Lakshmi Cem.: a return of 21.3 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 2134.0 cr compared to Rs 1546.0 cr for period ended Mar 2020, a rise of 38.0%
Operating Profits reported at Rs 444.0 cr for period ended Mar 2021 vis-vis 352.0 for period ended Mar 2020 .
Operating Margins contracted -196.2 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 27.94 compared to Rs 28.39 for previous quarter ended Dec 2020 and Rs 21.24 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 6606.0 cr for period ended Mar 2021 vis-vis sales of Rs 5802.0 cr for the period ended Mar 2020, a healthy growth of 12.2%. The 3 year sales cagr stood at 10.8%.
Operating margins expanded to 24.0% for period ended Mar 2021 vis-vis 21.0% for period ended Mar 2020, expansion of 300.0 bps.
Net Profit reported at Rs 710.0 cr for period ended Mar 2021 vis-vis sales of Rs 492.0 cr for the period ended Mar 2020, rising 30.7%.
Company recorded a healthy Net Profit CAGR of 34.8% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 1590.0 cr for period ended Mar 2021 vis-vis Rs 1372.0 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 21.0% compared to 17.0% over the last 3 Years. – The stock has given a return of 105% on a 1 Year basis vis-vis a return of 59% over the last 3 Years. – The compounded sales growth on a TTM bassis is 14% vis-vis a compounded sales growth of 11% over the last 3 Years. – The compounded profit growth on a TTM basis is 44% vis-vis a compounded profit growth of 35% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 16.9% vis-vis 16.86% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 4.88% vis-vis 4.86% for Mar 2021
Conclusion
– has delivered good profit growth of 65.10% CAGR over last 5 years
– has been maintaining a healthy dividend payout of 18.89% – The company has delivered a poor sales growth of 8.66% over past five years.
– might be capitalizing the interest cost
-Promoter holding has decreased over last 3 years: -6.53%
