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 1 187,874 225,871 315,011 381,087 392,357 436,821 - -
Change - 20.22% 39.47% 20.98% 2.96% 11.33% - -
Enterprise Value (EV) 1 223,171 261,802 357,730 422,228 448,075 500,624 499,036 497,633
Change - 17.31% 36.64% 18.03% 6.12% 11.73% -0.32% -0.28%
P/E 27.7x 53x 39.8x 44.3x 39.5x 39.9x 30.7x 25.5x
PBR 4.34x 4.82x 5.87x 6.26x 5.58x 5.51x 4.75x 4.03x
PEG - -1.4x 0.5x 4.99x 2.6x 3.9x 1x 1.3x
Capitalization / Revenue 2.35x 2.32x 2.73x 3.21x 2.86x 2.77x 2.46x 2.2x
EV / Revenue 2.79x 2.69x 3.1x 3.55x 3.27x 3.17x 2.81x 2.51x
EV / EBITDA 15.1x 19.9x 17.4x 20.8x 18.9x 19.1x 15.3x 13.4x
EV / EBIT 19.6x 30.6x 24.1x 29.6x 26x 26.3x 20.8x 18x
EV / FCF -33x -112x 45.5x 192x -114x -36.5x 113x 39.8x
FCF Yield -3.03% -0.9% 2.2% 0.52% -0.88% -2.74% 0.88% 2.51%
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% 0.35% 0.37% 0.5%
EPS 2 87.9 55.17 102.4 111.4 128.4 141.7 184.1 221.5
Distribution rate 17.1% 27.2% 19.5% 13.5% 15.6% 13.9% 11.4% 12.7%
Net sales 1 79,908 97,202 115,560 118,792 137,223 157,952 177,905 198,261
EBITDA 1 14,822 13,143 20,598 20,271 23,742 26,244 32,611 37,030
EBIT 1 11,397 8,561 14,872 14,257 17,213 19,025 23,985 27,711
Net income 1 6,871 4,263 7,908 8,611 9,925 10,936 14,139 16,981
Net Debt 1 35,297 35,931 42,719 41,141 55,718 63,804 62,215 60,813
Reference price 2 2,431.45 2,923.20 4,076.85 4,932.00 5,077.85 5,653.30 5,653.30 5,653.30
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
39.9x3.17x19.08x0.35% 4.54B
20.67x2.76x10.91x2.51% 50.13B
23.99x3.42x12.3x-.--% 14.99B
11.19x0.41x1.87x4.59% 13.36B
12.35x3.36x6.87x6.03% 12.68B
47.03x4.04x18.95x0.59% 10.02B
8.65x1.29x4.88x1.88% 8.28B
24x7.87x14.6x4.01% 8.03B
16.58x3.54x11.06x0.47% 6.6B
12.66x1.25x4.7x3.07% 5.52B
Average 21.70x 3.11x 10.52x 2.35% 13.41B
Weighted average by Cap. 20.85x 2.96x 10.26x 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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