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 1 187,874 225,871 315,011 381,087 392,357 417,137 - -
Change - 20.22% 39.47% 20.98% 2.96% 6.32% - -
Enterprise Value (EV) 1 223,171 261,802 357,730 422,228 448,075 483,082 481,506 481,456
Change - 17.31% 36.64% 18.03% 6.12% 7.81% -0.33% -0.01%
P/E 27.7x 53x 39.8x 44.3x 39.5x 38.8x 28.9x 22.9x
PBR 4.34x 4.82x 5.87x 6.26x 5.58x 5.27x 4.56x 3.82x
PEG - -1.4x 0.5x 4.99x 2.6x 4.59x 0.8x 0.9x
Capitalization / Revenue 2.35x 2.32x 2.73x 3.21x 2.86x 2.68x 2.38x 2.11x
EV / Revenue 2.79x 2.69x 3.1x 3.55x 3.27x 3.11x 2.75x 2.43x
EV / EBITDA 15.1x 19.9x 17.4x 20.8x 18.9x 18.4x 14.8x 12.7x
EV / EBIT 19.6x 30.6x 24.1x 29.6x 26x 26.2x 20.5x 17.1x
EV / FCF -33x -112x 45.5x 192x -114x -33.6x 105x 98x
FCF Yield -3.03% -0.9% 2.2% 0.52% -0.88% -2.97% 0.95% 1.02%
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 55.17 102.4 111.4 128.4 139.3 187 235.8
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 26,197 32,555 38,020
EBIT 1 11,397 8,561 14,872 14,257 17,213 18,415 23,508 28,080
Net income 1 6,871 4,263 7,908 8,611 9,925 10,758 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 5,398.55 5,398.55 5,398.55
Nbr of stocks (in thousands) 77,268 77,268 77,268 77,268 77,268 77,268 - -
Announcement Date 5/21/22 5/27/23 5/12/24 5/24/25 5/23/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
38.75x3.11x18.44x0.36% 4.37B
20.8x2.77x10.94x2.5% 50.83B
23.65x3.35x12.12x-.--% 14.15B
10.45x0.44x1.92x4.82% 12.83B
12.9x3.48x7.06x5.96% 12.72B
46.94x4.01x18.86x0.59% 10.07B
9.38x1.43x5.39x1.74% 9.09B
25.2x8.25x15.31x3.82% 8.36B
16.23x3.48x10.87x0.48% 6.48B
25.36x1.28x6.28x3.63% 5.32B
Average 22.97x 3.16x 10.72x 2.39% 13.42B
Weighted average by Cap. 21.37x 3.00x 10.38x 2.55%

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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