BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
JK Cement Ltd. continues to gain market share, with volumes up 46% YoY in Q4 FY21, led by ~40% capacity expansion.
We expect this to continue over the next four to five years as it is now setting up a greenfield four million tonne per annum plant (commissioning by Q1 FY24) in Central India.
This plant should improve the regional mix to ~85% in North and Central India.
Standalone revenue/Ebitda/adjusted profit after tax increased by 39%/27%/41% YoY in Q4 FY21 to Rs 20.5 billion/Rs 4.4 billion/Rs 2.5 billion (estimate: up 1%/down 5%/down 3%).
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