NSE: JKLAKSHMI · BSE: 500380 · ISIN INE786A01032
JK Lakshmi Cement Limited stock analysis
JK Lakshmi Cement Limited ranks #3302 in the TickerSutra evidence-ranked universe with a score of 41/100 and 95% data confidence. The latest captured fundamentals show ROCE of 12.0%, quarterly sales growth of 9.4% and quarterly profit growth of -28.1%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Strong CFO/EBITDA of 1.08×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹5,420cr | ₹951cr | ₹478cr | 18.0% |
| 2023 | ₹6,452cr | ₹839cr | ₹369cr | 13.0% |
| 2024 | ₹6,788cr | ₹1,052cr | ₹488cr | 15.0% |
| 2025 | ₹6,193cr | ₹864cr | ₹276cr | 14.0% |
| 2026 | ₹6,763cr | ₹1,000cr | ₹413cr | 15.0% |
| TTM | ₹6,926cr | ₹947cr | ₹371cr | 14.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
(d) Capacity Surplus Meets Cost Squeeze The industry is expected to add 50 MTPA of new capacity in FY 2026-27, after similar additions in FY 2025-26. In a high-cost environment, producers facing margin pressure may choose volume over pricing discipline, undermining the industry's ability to pass through costs. The combination of surplus capacity and a cost shock is the most corrosive scenario for sector protability.
This performance was supported by sustained momentum from the infrastructure and housing sectors, an expanded market presence, and continued focus on customer-centric initiatives. The Company’s strategic capacity expansion plans and operational excellence initiatives further strengthened its market position and laid a strong foundation for future growth. During the year the Company achieved highest ever turnover and
Efcient Working Capital Management. unit's additional capacity commissioning, improved infrastructure demand, and our continued focus on volume-led market share consolidation. The Company registered an EBIDTA of `1,127.90 Crore as against `918.27 Crore in the previous Financial Year, while the Net Prot is at `430.34 Crore as against `282.72 Crore in the previous Financial Year.
That translates to about, you know, INR60, INR 70 per ton, right? And rest is your, you know, price increase and see, if you really look at, you know, West prices like Gujarat and, you know, even Mumbai where we sell, you know, little bit, and our non-trade proportion is very high, their prices went up and that has helped us. Trade prices went up in East, so that has helped us.
Management: Yes and also along with this diesel price, diesel price impact has also been there, right? So combination of diesel price, temporary increase in fly ash cost and some of the auctions which we participated, this has impacted and non-cement business raw material requirement, that has added up to this increase in raw material cost. The blended cement product mix has gone up from 62 to 64%.
Key enhancements included the expansion of reverse bidding mechanisms to improve freight cost competitiveness, strengthened freight planning and route optimization, and enhanced execution visibility through real-time shipment tracking. Integration with E-Parivahan systems further reinforced regulatory compliance and enabled seamless digital documentation, improving governance and transparency across transportation pr
This comfortable liquidity position would enable the Company to stand on a firm footing to reach its mission of achieving cement capacity of 30 Million Tonnes Per Annum by 2030 through growing organically as well as inorganically. Efficient Treasury Management Turnover (` in Crore) 4459 5108 6133 6384 5828 6246 6879 20-21 21-22 22-23 23-24 24-25 24-25 25-26 (After Merger)(Standalone) EBIDTA (` in Crore) Based on the
Further, she has been honoured with the “Women Achiever in Infrastructure 2025” at the th 10 addition of ET Now Infra Focus Summit and Awards and recently been recognized among the “Top 100 Most Inuential Women 2026” in March 2026 edition of Business World Magazine. Vinita Singhania was re-appointed as Managing Director of the Company for a period of st ve years commencing 1 August 2021 on the terms and remuneratio
Cement prices, while recovering marginally from their ve-year lows in FY 2024-25, remained largely range- bound for most of the year, with competitive regional dynamics and continued capacity additions limiting pricing power. The West Asia conict in Q4 introduced a fresh cost headwind - pet coke prices, LNG costs, diesel and freight charges, and the rupee- denominated landed cost of imported inputs all rose sharply
Stakeholder Whether identied Channels of communication Frequency of engagement Purpose and scope of Group as Vulnerable & (Email, SMS, Newspaper, (Annually / Half yearly / engagement including Marginalized Pamphlets, Advertisement, Quarterly / others - key topics and Group (Yes/No) Community Meetings, please specify) concerns raised Notice Board, Website), during such Other engagement • Disseminating and sharing of
The risk register below identifies the principal risk categories, their nature, and the specific objectives most directly exposed. Risk Landscape Nature of RiskRisk Category Business Risk Demand slowdown, competitive pricing pressure, and market share dynamics in core geographies may affect volume and revenue targets. Regulatory & Compliance Risk Objectives at Risk Risk Landscape - Risks Associated with Strategic Obj
(a) Total exposure of the Company to commodities: `1,059 Crore. (b) Exposure of the Company to various commodities: Commodity Exposure in Exposure in % of such exposure hedged through commodity derivatives Name ` towards Quantity terms the particular towards the commodity particular commodity Domestic market International market Total OTC Exchange OTC Exchange Petcoke 664 Crore 5.49 Lakh MT Nil Nil Nil Nil Not Applic
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
Loading corporate intelligence
Loading universe coverage and exchange-backed evidence…