BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Axis Securities Report
JK Cement Ltd. is a dominant player in the cement industry in its key market of North India having 10% market share and has a sizeable presence in southern India and expanding in central india market.
While FY21 will be impacted due to Covid-19 related lockdown as most of its plants were shut and resumed operations only by the end of April 2020.
All the plants are now operational and company is gradualy ramping up the operations as several new capcities have come up during H2 FY20.
We expect the company to register Revenue/Ebitda/adjusted profit after tax, compound annual growth rate (CAGR) of 8%/12%/19% respectively between FY20-FY23E driven by volume CAGR of 8% and consistent realisation improvement of 1% CAGR over FY2023E.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR