Mid-cap stock that is engaged in the manufacturing and selling of cement and cement-related products in green, after it successfully commenced operations at its new cement manufacturing facility situated at Ujjain.
At 11:15 a.m. the shares of J K Cement were trading at Rs. 3,544.25, up 0.46 percent from its previous day’s close price of Rs. 3,528.05 and its market capitalization is Rs. 27,380 Crores.
As per the company’s filing on BSE, JK Cement has successfully commenced operations at its newly set up cement manufacturing facility situated at Ujjain, Madya Pradesh, which has a cement grinding capacity of 1.5 MNTPA.
The company’s revenue from operations grew 21.64 percent from Rs. 7,990.82 Crores in FY22 to Rs. 9,720.2 Crores in FY23, accompanied by decreasing profits of Rs. 687.12 Crores to Rs. 426.33 Crores.
It has reported a return on equity (ROE) of 9.3 percent and a return on capital employed (ROCE) of 10.56 percent, it is making decent returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold a 45.80 percent stake, the Domestic Institutional Investors hold 24.28 percent and the Foreign Institutional Investors (FII) hold 14.38 percent.
J K Cement Limited is engaged in the manufacturing and selling of cement and cement-related products. Its product portfolio consists of Grey Cement, White Cement, and value-added products like wall putty, gypsum plaster, tile adhesives & grouts, wood finishes, and paints.
Written by: Bharath K.S
