Company Valuation: J.K. Cement Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 223,622 187,874 225,871 315,011 381,087 375,817 - -
Change - -15.99% 20.22% 39.47% 20.98% -1.38% - -
Enterprise Value (EV) 1 242,800 223,171 261,802 357,730 422,228 448,075 441,422 440,019
Change - -8.08% 17.31% 36.64% 18.03% 6.12% 3.98% -0.32%
P/E Ratio 31.8x 27.7x 53x 39.8x 44.3x 39.5x 34.5x 25.9x
PBR 5.98x 4.34x 4.82x 5.87x 6.26x 5.58x 4.72x 4.07x
PEG - -8.16x -1.4x 0.5x 4.99x 2.6x 4.44x 0.8x
Capitalization / Revenue 3.39x 2.35x 2.32x 2.73x 3.21x 2.86x 2.42x 2.15x
EV / Revenue 3.68x 2.79x 2.69x 3.1x 3.55x 3.27x 2.84x 2.52x
EV / EBITDA 15.8x 15.1x 19.9x 17.4x 20.8x 18.9x 16.8x 13.5x
EV / EBIT 19.7x 19.6x 30.6x 24.1x 29.6x 26x 23.9x 18.6x
EV / FCF 29.5x -33x -112x 45.5x 192x -114x -30.9x 95x
FCF Yield 3.39% -3.03% -0.9% 2.2% 0.52% -0.88% -3.24% 1.05%
Dividend per Share 2 15 15 15 20 15 20 19.08 20.12
Rate of return 0.52% 0.62% 0.51% 0.49% 0.3% 0.39% 0.39% 0.41%
EPS 2 90.99 87.9 55.17 102.4 111.4 128.4 141.2 188.1
Distribution rate 16.5% 17.1% 27.2% 19.5% 13.5% 15.6% 13.5% 10.7%
Net sales 1 66,061 79,908 97,202 115,560 118,792 137,223 155,481 174,879
EBITDA 1 15,387 14,822 13,143 20,598 20,271 23,742 26,352 32,636
EBIT 1 12,325 11,397 8,561 14,872 14,257 17,213 18,444 23,626
Net income 1 7,031 6,871 4,263 7,908 8,611 9,925 10,900 14,435
Net Debt 1 19,178 35,297 35,931 42,719 41,141 55,718 65,604 64,201
Reference price 2 2,894.10 2,431.45 2,923.20 4,076.85 4,932.00 4,863.80 4,863.80 4,863.80
Nbr of stocks (in thousands) 77,268 77,268 77,268 77,268 77,268 77,268 - -
Announcement Date 12/06/21 21/05/22 27/05/23 12/05/24 24/05/25 23/05/26 - -
1INR in Million2INR
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.13x3.1x17.53x0.33% 3.95B
21.11x2.83x11.14x2.47% 51.82B
15x4.07x8.55x5.19% 14.22B
11.43x0.58x2.54x4.41% 14.01B
23.4x3.26x11.83x-.--% 13.75B
9.7x1.5x5.63x1.67% 9.56B
28x10.15x19.18x3.44% 9.41B
50.03x4.09x18.56x0.56% 9.18B
16.54x3.54x11.05x0.44% 6.66B
26.4x1.17x5.14x3.46% 5.84B
Average 23.87x 3.43x 11.11x 2.2% 13.84B
Weighted average by Cap. 21.79x 3.23x 10.65x 2.47%

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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