Today, we are going to estimate the JK Lakshmi Cement Share Price Target 2024 to 2050 Long Term Prediction. JK Lakshmi Cement is listed on the NSE under the symbol “JKLAKSHMI” and on the BSE with the code “500380“. let’s analyze the future of JK Lakshmi Cement shares as well, including whether it’s a good time to buy or sell them today.
Additionally, we will also take into analysis JK Lakshmi Cement Share Recommendations from various brokerage firms, including Target’s High Price, Target’s Low Price and Recommendation at the end of the article.
Profile of JK Lakshmi Cement
| Name | JK Lakshmi Cement Ltd. |
| Industry | Cement |
| Founded | 1982 |
| Services | Cement, Plaster of Paris (POP), and Ready Mix Concrete (RMC) |
| Product | JK Lakshmi PRO+ Cement, Platinum Heavy Duty Cement, and other cement products |
| Country | India |
| Website | JK Lakshmi Cement |
| Profile | JK Lakshmi Cement |
Keep an eye on JK Lakshmi Cement’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in JK Lakshmi Cement’s stock price.
An effective method for evaluating the JK Lakshmi Cement share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms. The latest research reports are available on JK Lakshmi Cement.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 14 FEB 2024 | HDFC Securities | 1015.00 | Buy |
| 14 FEB 2024 | SBI Securities | 1090.00 | Buy |
| 14 FEB 2024 | Axis Direct | 1000.00 | Buy |
| 20 DEC 2023 | Axis Direct | 1000.00 | Buy |
| 07 NOV 2023 | HDFC Securities | 910.00 | Buy |
| 07 NOV 2023 | BOB Capital Markets Ltd. | 551.00 | Sell |
| 07 NOV 2023 | Axis Direct | 880.00 | Buy |
| 06 NOV 2023 | Motilal Oswal | 930.00 | Buy |
The financial services firm HDFC Securities published the latest research report on JK Lakshmi Cement’s Share Price Target, assigning a ‘BUY’ rating with a share price target of Rs. 1,015 from its current market price of Rs. 886as of 13 Feb 2024.
In the third quarter of the fiscal year 2023-24 (Q3FY24), JKLC showcased a healthy 8% year-on-year volume growth. The company also witnessed a significant expansion in its EBITDA margin, reaching INR 1,021 per metric ton, the highest in 11 quarters. This remarkable performance was attributed to various factors including lower fuel costs, increased consumption of green power, and reduced lead distance quarter-on-quarter.
JKLC is poised for further growth with the imminent commissioning of its 2.5 million metric ton grinding capacity in Udaipur by the end of Q4FY24. Additionally, over the next three years, the company plans to augment its clinker and cement capacities by 3.3 and 7.5 million metric tons respectively. This expansion, spanning across regions like east, northeast, Uttar Pradesh, and Gujarat, will require an investment of INR 40 billion.
The company’s performance in Q3FY24 was commendable, with consolidated volume witnessing an 8% year-on-year and quarter-on-quarter growth. Despite flat net sales realization (NSR) quarter-on-quarter, JKLC managed to decrease operating expenses by 5% due to lower input costs. Notably, the share of trade sales declined quarter-on-quarter while the share of low-cost green power increased significantly.
Looking ahead, JKLC anticipates 8-10% volume growth in Q4FY24 and aims for low double-digit volume growth in the fiscal year 2024-25 (FY25). The company also expects further reduction in fuel costs by approximately 4% quarter-on-quarter in Q4FY24. Expansion plans include the commissioning of the Udaipur grinding expansion and the addition of waste heat recovery systems (WHRS) to enhance efficiency.
Furthermore, JKLC is focused on increasing its thermal substitution rate (TSR) and has announced expansions in various regions including Surat, Durg, east India, and Uttar Pradesh. Despite accelerating capital expenditure (capex), the company is expected to maintain a net debt/EBITDA ratio of under 2x.
In light of the strong Q3 performance and optimistic growth outlook, analysts have revised the target multiple to 9x March 2026 EV/EBITDA. This reflects confidence in JKLC’s ability to execute its expansion plans while maintaining a healthy financial position. Investors are advised to keep an eye on the company’s project timelines and execution efficiency for further insights into its future performance.
To analyze the JK Lakshmi Cement Share Price Target prediction, I will employ technical analysis and machine learning models, specifically focusing on chart patterns, market trends, and historical performance data.
| JK Lakshmi Cement Share Price Target 2024 | |
| Minimum Target | Maximum Target |
| ₹950 | ₹1050 |
| JK Lakshmi Cement Share Price Target 2025 | |
| Minimum Target | Maximum Target |
| ₹1000 | ₹1150 |
| JK Lakshmi Cement Share Price Target 2026 | |
| Minimum Target | Maximum Target |
| ₹1050 | ₹1250 |
| JK Lakshmi Cement Share Price Target 2027 | |
| Minimum Target | Maximum Target |
| ₹1100 | ₹1350 |
| JK Lakshmi Cement Share Price Target 2028 | |
| Minimum Target | Maximum Target |
| ₹1150 | ₹1450 |
| JK Lakshmi Cement Share Price Target 2029 | |
| Minimum Target | Maximum Target |
| ₹1200 | ₹1550 |
| JK Lakshmi Cement Share Price Target 2030 | |
| Minimum Target | Maximum Target |
| ₹1250 | ₹1650 |
| JK Lakshmi Cement Share Price Target 2035 | |
| Minimum Target | Maximum Target |
| ₹1500 | ₹2000 |
| JK Lakshmi Cement Share Price Target 2040 | |
| Minimum Target | Maximum Target |
| ₹1750 | ₹2350 |
| JK Lakshmi Cement Share Price Target 2045 | |
| Minimum Target | Maximum Target |
| ₹2000 | ₹2700 |
| JK Lakshmi Cement Share Price Target 2050 | |
| Minimum Target | Maximum Target |
| ₹2250 | ₹3050 |
JK Lakshmi Cement a Good Buy 2024
If you’re considering investing in JK Lakshmi Cement shares, you might be wondering, ‘Is JK Lakshmi Cement a good buy for long-term investment?’ Let’s analyze the stock performance and whether it’s a good time to include JK Lakshmi Cement in your long-term investment portfolio in 2024.
Oscillators and Moving Averages: Key oscillators like the Relative Strength Index (RSI) and the Commodity Channel Index (CCI) are showing neutral signals, indicating that the stock is neither overbought nor oversold. This is a good sign for stability. Additionally, most moving averages, including the Exponential Moving Average (EMA) and Simple Moving Average (SMA) across different time frames (10, 20, 30, 50, 100, 200 days), are signaling ‘Buy’. This consistent ‘Buy’ signal across various moving averages is a strong indicator of the stock’s potential for long-term growth.
Momentum and MACD: The Momentum indicator is showing a ‘Buy’ signal, suggesting that the stock’s price might continue to increase. However, the MACD (Moving Average Convergence Divergence) Level is indicating ‘Sell’, which could imply some short-term pullbacks or volatility.
Pivot Points: The pivot point analysis, which helps in identifying the key support and resistance levels, also indicates a positive trend with higher resistance levels compared to support levels.
The technical indicators suggest a neutral to positive outlook for JK Lakshmi Cement. This means that while there are some fluctuations in the market, the general trend seems favourable, while the technical analysis presents a generally positive outlook for JK Lakshmi Cement as a long-term investment in 2024.
Company’s Fundamentals
Peer Comparison of JK Lakshmi Cement
| Name | P/E | Mar Cap Rs.Cr. |
|---|---|---|
| UltraTech Cem. | 43.78 | 280650.62 |
| Ambuja Cements | 34.87 | 113489.54 |
| Shree Cement | 40.57 | 95454.99 |
| ACC | 29.38 | 49210.63 |
| JK Cements | 46.20 | 31977.10 |
| Birla Corpn. | 43.05 | 12857.61 |
| Nuvoco Vistas | 18.43 | 12054.00 |
| JK Lakshmi Cem. | 25.60 | 10743.24 |
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– As of 15 February 2024, the current share price of JK Lakshmi Cement is ₹912 Check out today’s current share price of JK Lakshmi Cement at the top.
– According to Google historical data, the price of JK Lakshmi Cement on 23 JUN 2006 was ₹1665.95.
– Based on our analysis, the maximum JK Lakshmi Cement Share Price Target in 2024 is projected to be ₹1050.
– Based on our analysis, the maximum JK Lakshmi Cement Share Price Target in 2025 is projected to be ₹1150.
– Based on our analysis, the maximum JK Lakshmi Cement Share Price Target in 2027 is projected to be ₹1350.
– Based on our analysis, the maximum JK Lakshmi Cement Share Price Target in 2030 is projected to be ₹1650.
– Based on our analysis, the maximum JK Lakshmi Cement Share Price Target in 2035 is projected to be ₹2000.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices.
Disclaimer– These Share Price Targets for “JK Lakshmi Cement Share Price Target” are only provided for informational purposes. It does not constitute a recommendation to buy, sell, or hold JK Lakshmi Cement stock. Investors should conduct their research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
