JK Lakshmi Cement Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹5,729 Cr
- P/E
- 14.92
- ROE
- 10.69%
- PEG
- 3.23
- Price to sales
- 0.81
- Debt to equity
- 0.67
- 52W high / low
- ₹873 / ₹460
- Sales growth (5Y)
- 7.42%
- EBITDA margin
- 13.68%
- Net profit margin
- 5.89%
- Promoter holding
- 45.12%
- Sales (last year)
- ₹6,926 Cr
JK Lakshmi Cement Ltd, a part of the JK group , is a manufacturer and supplier of Cement and related products like RMC & AAC Blocks in different states in India.[1]
Guidance scorecard · Q1 FY27 call
What JK Lakshmi Cement Ltd's management guided
and where it ranks in Cement & Cement Products
Cement & Cement Products
RevenueQ1 FY27 call
10–20%- JK Lakshmi Cement targets achieving 30 million tons of cement capacity by FY30, indicating ambitious volume growth plans.
- The company is executing substantial capex (~INR 5,000 crores over next three years) focused on expansions in Durg (~INR 3,000 crores) and Northeast (~INR 1,500 crores) regions to support volume growth.
- Q1 FY27 showed 8% volume growth, demonstrating positive momentum.
- Non-cement revenue is expected to grow from INR 613 crores last year to about INR 800 crores plus in the current year, signaling diversification and revenue growth outside cement.
2 more points from JK Lakshmi Cement Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what JK Lakshmi Cement Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Total capex guidance over next three years: INR 5,000 crores
- Capex spend on Durg so far: INR 400 crores
- FY27 expected total capex: INR 1,500 crores
- FY28 expected capex: INR 2,000 crores
- FY29 expected capex: INR 1,500 crores
- Capex excludes land acquisition costs for Kutch and Nagore, which are proceeding slowly
- Progress on Northeast project involves auctions, mining plan submissions, environmental clearances, and grinding station site identification
2 more points from JK Lakshmi Cement Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what JK Lakshmi Cement Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The discussion primarily focuses on capex plans, capacity expansions, cost structures, geo mix, and operational updates without referencing order book status.
- Capex plans: INR 5000 crores over next three years, including INR 3000 crores for Durg and INR 1500 crores for Northeast expansion.
- Northeast project and mining plans progressing as per schedule.
2 more points from JK Lakshmi Cement Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Cement & Cement Products
on management's own guidance
- BIGBLOC Const.Good growth2
- Strong growth1
- J K Cements LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Cement & Cement Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹1.99L Cr | 34.6 | |
| 2 | BIGBLOC Const. | 20–40% | Up 2%+ | ₹613 Cr | 364.4 |
| 3 | J K Cements Ltd | 20–40% | Flat | ₹37,843 Cr | 38.8 |
| 4 | 10–20% | Up 2%+ | ₹1,289 Cr | — | |
| 5 | 10–20% | Flat | ₹3.21L Cr | 37.3 | |
| 6 | 10–20% | Flat | ₹83,058 Cr | 50.9 |
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Pro shows every company guiding 40%+ revenue growth →Full Cement & Cement Products rankingFinancials of JK Lakshmi Cement Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of JK Lakshmi Cement Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,862 | 1,730 | 1,575 | 1,703 | 1,781 | 1,564 | 1,234 | 1,497 | 1,898 | 1,741 | 1,532 | 1,588 | 1,902 |
| Expenses + | 1,629 | 1,534 | 1,357 | 1,401 | 1,445 | 1,342 | 1,153 | 1,297 | 1,546 | 1,430 | 1,324 | 1,383 | 1,626 |
| Operating Profit | 233 | 196 | 217 | 302 | 336 | 222 | 81 | 199 | 351 | 311 | 208 | 205 | 275 |
| OPM % | 12% | 11% | 14% | 18% | 19% | 14% | 7% | 13% | 19% | 18% | 14% | 13% | 14% |
| Other Income + | 17 | 11 | 14 | 26 | 26 | -20 | 10 | 9 | 23 | 22 | 23 | 10 | 38 |
| Interest | 29 | 33 | 34 | 39 | 45 | 48 | 45 | 45 | 44 | 52 | 51 | 55 | 53 |
| Depreciation | 59 | 56 | 57 | 66 | 68 | 72 | 75 | 76 | 77 | 77 | 78 | 85 | 84 |
| Profit before tax | 162 | 119 | 141 | 223 | 250 | 83 | -29 | 87 | 253 | 204 | 103 | 75 | 177 |
| Tax % | 29% | 33% | 32% | 33% | 35% | 31% | 8% | 14% | 31% | 27% | 22% | 24% | 29% |
| Net Profit + | 115 | 80 | 96 | 150 | 162 | 57 | -31 | 75 | 175 | 150 | 81 | 57 | 125 |
| EPS in Rs | 9.35 | 6.67 | 7.88 | 12.21 | 13.34 | 4.83 | -2.61 | 6.37 | 14.93 | 12.76 | 6.52 | 4.58 | 9.99 |
Financials of JK Lakshmi Cement Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,316 | 2,635 | 2,922 | 3,748 | 4,316 | 4,364 | 4,727 | 5,420 | 6,452 | 6,788 | 6,193 | 6,763 |
| Expenses + | 1,963 | 2,362 | 2,552 | 3,317 | 3,863 | 3,566 | 3,789 | 4,469 | 5,613 | 5,737 | 5,329 | 5,762 |
| Operating Profit | 353 | 273 | 370 | 432 | 454 | 798 | 939 | 951 | 839 | 1,052 | 864 | 1,000 |
| OPM % | 15% | 10% | 13% | 12% | 11% | 18% | 20% | 18% | 13% | 15% | 14% | 15% |
| Other Income + | -34 | 64 | 129 | 72 | 59 | 16 | 35 | 41 | 58 | 77 | 11 | 93 |
| Interest | 94 | 222 | 244 | 264 | 253 | 225 | 192 | 142 | 133 | 150 | 181 | 211 |
| Depreciation | 115 | 166 | 175 | 207 | 211 | 220 | 225 | 223 | 228 | 246 | 299 | 324 |
| Profit before tax | 109 | -51 | 79 | 32 | 49 | 369 | 556 | 626 | 534 | 732 | 394 | 559 |
| Tax % | 4% | -108% | -10% | -33% | 17% | 31% | 24% | 24% | 31% | 33% | 30% | 26% |
| Net Profit + | 105 | 4 | 87 | 43 | 41 | 253 | 421 | 478 | 369 | 488 | 276 | 413 |
| EPS in Rs | 8.75 | 0.11 | 7.29 | 4.69 | 4.36 | 21.08 | 34.45 | 39.39 | 30.48 | 41.47 | 23.53 | 33.19 |
| Dividend Payout % | 23% | 220% | 10% | 16% | 17% | 12% | 11% | 13% | 12% | 16% | 28% | 20% |
Financials of JK Lakshmi Cement Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 62 |
| Reserves | 1,279 | 1,261 | 1,342 | 1,385 | 1,426 | 1,628 | 2,036 | 2,446 | 2,745 | 3,226 | 3,495 | 3,824 |
| Borrowings + | 1,949 | 2,258 | 2,687 | 2,546 | 2,135 | 1,987 | 1,672 | 1,887 | 1,880 | 2,084 | 2,614 | 2,586 |
| Other Liabilities + | 936 | 912 | 1,044 | 1,111 | 1,446 | 1,489 | 1,520 | 1,534 | 1,857 | 2,209 | 2,277 | 2,077 |
| Total Liabilities | 4,223 | 4,491 | 5,132 | 5,101 | 5,066 | 5,163 | 5,286 | 5,926 | 6,541 | 7,578 | 8,445 | 8,548 |
| Fixed Assets + | 2,708 | 2,851 | 3,556 | 3,627 | 3,451 | 3,585 | 3,427 | 3,536 | 3,527 | 5,076 | 5,554 | 5,361 |
| CWIP | 455 | 633 | 307 | 228 | 417 | 166 | 274 | 251 | 890 | 383 | 278 | 277 |
| Investments | 273 | 271 | 531 | 473 | 377 | 458 | 476 | 652 | 527 | 407 | 633 | 746 |
| Other Assets + | 788 | 736 | 738 | 773 | 821 | 954 | 1,109 | 1,487 | 1,597 | 1,712 | 1,979 | 2,164 |
| Total Assets | 4,223 | 4,491 | 5,132 | 5,101 | 5,066 | 5,163 | 5,286 | 5,926 | 6,541 | 7,578 | 8,445 | 8,548 |
Financials of JK Lakshmi Cement Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 330 | 267 | 396 | 493 | 760 | 650 | 1,032 | 680 | 634 | 899 | 783 | 1,082 |
| Cash from Investing Activity + | -430 | -286 | -600 | -70 | -77 | -200 | -434 | -665 | -299 | -880 | -1,151 | -738 |
| Cash from Financing Activity + | 30 | 33 | 181 | -421 | -676 | -450 | -553 | 11 | -266 | -36 | 318 | -354 |
| Net Cash Flow | -70 | 14 | -23 | 2 | 7 | 0 | 45 | 26 | 69 | -16 | -51 | -10 |
| Free Cash Flow | -210 | -130 | -82 | 319 | 551 | 551 | 866 | 314 | -98 | -107 | 130 | 407 |
| CFO/OP | 101% | 100% | 108% | 123% | 172% | 91% | 119% | 82% | 86% | 96% | 94% | 113% |
Financials of JK Lakshmi Cement Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 9 | 13 | 11 | 10 | 9 | 8 | 4 | 2 | 4 | 2 | 6 | 6 |
| Inventory Days | 146 | 132 | 157 | 158 | 148 | 225 | 134 | 198 | 236 | 260 | 256 | 184 |
| Days Payable | 145 | 109 | 136 | 146 | 229 | 239 | 154 | 125 | 164 | 146 | 134 | 133 |
| Cash Conversion Cycle | 10 | 36 | 33 | 22 | -72 | -6 | -15 | 76 | 75 | 117 | 128 | 57 |
| Working Capital Days | -101 | -97 | -93 | -87 | -79 | -77 | -64 | -66 | -32 | -45 | -48 | 1 |
| ROCE % | 8% | 4% | 7% | 6% | 7% | 16% | 20% | 19% | 14% | 17% | 10% | 12% |
Guidance history
How JK Lakshmi Cement Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | Planned | — |
| Q4 FY26 call → | 0–10% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | Planned | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
5 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −45.7% | 7% |
| Last 6 months | −28.5% | 9% |
| Last 3 months | −18.5% | 20% |
The price is 53.4% below its all-time high of ₹989.85 (18 Jul 2025). Stocks more than 20% below their peak have their score halved, so 10 became 5.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For JK Lakshmi Cement Ltd: 0.4 × 7 + 0.4 × 9 + 0.2 × 20 = 10, halved to 5 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What JK Lakshmi Cement Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
Others in Cement & Cement Products this season
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- Ambuja Cements Ltd (Q2 FY27)
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- ACC Ltd (Q2 FY27)
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- JSW Cement Ltd (Q2 FY27)
Q2 FY27 Revenue from Operations: ₹1,912.1 crore, up 33.1% YoY (Page 24) . Key investor presentation takeaways from JSW Cement Ltd's Q2 FY27 investor presentatio
