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 1 187,874 225,871 315,011 381,087 392,357 413,555 - -
Change - 20.22% 39.47% 20.98% 2.96% 5.4% - -
Enterprise Value (EV) 1 223,171 261,802 357,730 422,228 448,075 479,501 477,925 477,875
Change - 17.31% 36.64% 18.03% 6.12% 7.01% -0.33% -0.01%
P/E 27.7x 53x 39.8x 44.3x 39.5x 38.5x 28.6x 22.7x
PBR 4.34x 4.82x 5.87x 6.26x 5.58x 5.23x 4.52x 3.79x
PEG - -1.4x 0.5x 4.99x 2.6x 4.69x 0.8x 0.9x
Capitalization / Revenue 2.35x 2.32x 2.73x 3.21x 2.86x 2.66x 2.36x 2.09x
EV / Revenue 2.79x 2.69x 3.1x 3.55x 3.27x 3.08x 2.73x 2.42x
EV / EBITDA 15.1x 19.9x 17.4x 20.8x 18.9x 18.3x 14.7x 12.6x
EV / EBIT 19.6x 30.6x 24.1x 29.6x 26x 26.1x 20.3x 17x
EV / FCF -33x -112x 45.5x 192x -114x -33.4x 105x 97.3x
FCF Yield -3.03% -0.9% 2.2% 0.52% -0.88% -2.99% 0.96% 1.03%
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 55.17 102.4 111.4 128.4 139 187 235.8
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 26,195 32,553 38,020
EBIT 1 11,397 8,561 14,872 14,257 17,213 18,340 23,508 28,080
Net income 1 6,871 4,263 7,908 8,611 9,925 10,733 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 5,352.20 5,352.20 5,352.20
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.($)
38.51x3.08x18.3x0.36% 4.31B
20.78x2.78x10.97x2.5% 50.98B
24.04x3.4x12.3x-.--% 14.43B
10.47x0.47x2.14x4.88% 12.65B
12.9x3.48x7.06x5.96% 12.68B
46.35x3.96x18.59x0.59% 9.87B
9.37x1.44x5.41x1.73% 9.09B
22.68x7.45x13.83x4.25% 7.5B
15.86x3.41x10.67x0.49% 6.33B
25.36x1.28x6.28x3.63% 5.31B
Average 22.63x 3.07x 10.55x 2.44% 13.32B
Weighted average by Cap. 21.15x 2.93x 10.28x 2.57%

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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