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 1 187,874 225,871 315,011 381,087 392,357 381,280 - -
Change - 20.22% 39.47% 20.98% 2.96% -2.82% - -
Enterprise Value (EV) 1 223,171 261,802 357,730 422,228 448,075 445,055 443,993 444,416
Change - 17.31% 36.64% 18.03% 6.12% -0.67% -0.24% 0.1%
P/E 27.7x 53x 39.8x 44.3x 39.5x 35.2x 27.2x 22.6x
PBR 4.34x 4.82x 5.87x 6.26x 5.58x 4.82x 4.17x 3.52x
PEG - -1.4x 0.5x 4.99x 2.6x 3.85x 0.9x 1.1x
Capitalization / Revenue 2.35x 2.32x 2.73x 3.21x 2.86x 2.39x 2.13x 1.9x
EV / Revenue 2.79x 2.69x 3.1x 3.55x 3.27x 2.79x 2.48x 2.22x
EV / EBITDA 15.1x 19.9x 17.4x 20.8x 18.9x 18.8x 13.8x 12x
EV / EBIT 19.6x 30.6x 24.1x 29.6x 26x 26.8x 19x 16.1x
EV / FCF -33x -112x 45.5x 192x -114x -32.8x 105x 36.4x
FCF Yield -3.03% -0.9% 2.2% 0.52% -0.88% -3.05% 0.95% 2.75%
Dividend per Share 2 15 15 20 15 20 20.6 20.88 27.55
Rate of return 0.62% 0.51% 0.49% 0.3% 0.39% 0.42% 0.42% 0.56%
EPS 2 87.9 55.17 102.4 111.4 128.4 140.2 181.2 218.8
Distribution rate 17.1% 27.2% 19.5% 13.5% 15.6% 14.7% 11.5% 12.6%
Net sales 1 79,908 97,202 115,560 118,792 137,223 159,640 179,130 200,530
EBITDA 1 14,822 13,143 20,598 20,271 23,742 23,708 32,213 37,102
EBIT 1 11,397 8,561 14,872 14,257 17,213 16,590 23,413 27,533
Net income 1 6,871 4,263 7,908 8,611 9,925 10,819 13,849 16,641
Net Debt 1 35,297 35,931 42,719 41,141 55,718 63,774 62,712 63,135
Reference price 2 2,431.45 2,923.20 4,076.85 4,932.00 5,077.85 4,934.50 4,934.50 4,934.50
Nbr of stocks (in thousands) 77,268 77,268 77,268 77,268 77,268 77,268 - -
Announcement Date 5/21/22 A 5/27/23 A 5/12/24 A 5/24/25 A 5/23/26 A - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.66x2.75x18.51x0.42% 3.95B
15.03x1.76x8.63x1.84% 56.48B
19.06x2.51x9.93x2.82% 44.79B
34.68x6.09x18.42x0.68% 36.02B
34.01x3.36x17.88x1.14% 34.24B
30.15x4.62x15.67x0.8% 33.91B
11.69x1.4x6.56x2.63% 29.03B
16.09x2.02x8.18x1.36% 21.55B
66.76x4.14x64.15x0.35% 20.68B
16.43x5.18x10.66x2.58% 19.57B
Average 27.85x 3.38x 17.86x 1.46% 30.02B
Weighted average by Cap. 25.53x 3.28x 15.70x 1.62%

Y-o-Y evolution of P/E

Valuation ratios - P/E - J.K. Cement Limited

Historical PBR trend

Valuation ratios - PBR - J.K. Cement Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - J.K. Cement Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - J.K. Cement Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - J.K. Cement Limited
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