J K Cements Ltd
J K Cements Ltd (JKCEMENT)

J K Cements Ltd (JKCEMENT)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return4.99 %
3 Month Return33.92 %
1 Year Return-13.7 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 13
Rank 6
Rank 7
Dividend Yield
Rank 16
Rank 18
Price To Book Ratio
Rank 13
Debt To Asset
Rank 2

Company Information

J.K. Cement Limited JK Cement is one of the largest cement manufacturers in Northern India. J.K. Cement has an installed grey cement capacity of 10.5 million tonnes per annum MnTPA making it one of the leading manufacturers in the country. It is also the second largest white cement manufacturer in India with annual capacity of 600000 tonnes. J.K. Cement is also the second largest producer of Wall putty in the country with an annual installed capacity of 700000 tonnes. J.K. Cement is an affiliate of the J.K. Organization which was founded by Lala Kamlapat Singhania in the year 1994. The Company produces 53grade 43grade and 33grade Ordinary Portland Cement OPC grey cement Portland Pozzolana Cement PPC under grey and white cement. JK Water proof is another product from JK Cements used for flooring wall application and other specialized applications. The products are marketed under the brand names J.K. Cement and Sarvashaktiman for OPC products J.K. Super for PPC products and J.K. White and Camel for white cement products. The company has made its first international foray with the setting up of a greenfield dual process white cementcumgrey cement plant in the free trade zone at Fujairah U.A.E to cater to the GCC and African markets. The plant at Fujairah has a capacity of 0.6 million tonnes per annum for White Cement with a flexibility to change over its operation to produce upto 1 million tonnes per annum of Grey Cement.J.K. Cement was the first Company to install a captive power plant in the year 1987 at Bamania Rajasthan. J.K Cement is also the first cement Company to install a waste heat recovery power plant to take care of the need of green power. Today at its different locations the Company has captive power generation capacity of over 140.7 MWs which include 23.2 MW of waste heat recovery power plants.From the year 1998 to 2004 modifications in kilns and cement mills etc. were implemented which increased the aggregate installed capacity of the companys Nimbahera facility to 2.8 MTPA. The operations of second grey cement plant at the existed Mangrol were commenced with a five stage preheater and an inline calciner kiln plant in 2001 with an installed capacity of 0.75 MTPA. During the year 200506 the company had commissioned 10 MW turbine to meet the necessity under the grey cement segment. Jaykaycem Limited became a wholly owned subsidiary of the company in the year 2006 and acquired land to set up a Greenfield Grey Cement plant at Mudhol Karnataka. In the year of 200607 the company had sanctioned enhancement in working capital Facility both funded and nonfunded to Rs. 105 crores from Rs.65 crores. Started all the captive power projects i.e. 10MW turbine 20MW Petcoke based Captive Power Plant Waste Heat Recovery power plant. The Company had acquired from IDBI the assets of Nihon Nirmaan Ltd at Gotan during the year 2007 for Rs.42 crores and decided to utilize this facility to produce Grey cement. From enhancing the domestic footprint the company had taken steps to go beyond national boundaries. Entered into a Memorandum of Understanding MoU with Fujairah Municipality during November of the year 2007 in the United Arab Emirates through the subsidiary J K Cement Works Fujairah FZC to set up a 2.25 MTPA grey cement plant to service the steadily increasing demand in the GCC region. During the year 200708 the company formed a wholly owned subsidiary under the name and style of J.K.Cement Fujairah FZ to undertake the business of cement and investment in the state of UAE. This Company has formed another subsidiary company under the name and style of J.K.Cement Works Fujairah FZC under which it is proposed to set up a green field cement plant at Fujairah UAE. The 10 MW of the Waste Heat Recovery Power Plant of the company was commissioned at Nimbahera in March of the year 2008.In the year 2009 the company extended its footprint by setting up a greenfield unit in Muddapur Karnataka giving it access to the markets of southwest India. The company also commissioned a 50 MW coal based captive power plant at the Karnataka unit and a 7.5 MW coalbased captive power plant at its cement plant at Gotan in Rajasthan.In 2012 J.K Cement enhanced white cement capacity at its cement plant at Gotan in Rajasthan by 0.2 million tonnes per annum MnTPA increasing the total white cement capacity to 0.6 MnTPA. The company also increased wall putty capacity to 0.3 MnTPA at the Gotan unit.In 2014 J.K Cement commissioned a 1.5 MnTPA grinding unit for grey cement capacity at Jhajjar Haryana. During the year it also commissioned a 1.5 MnTPA grey cement capacity unit at Mangrol Rajasthan. The company also commissioned a 0.6 MnTPA white cement capacity unit at Fujairah in UAE. The company also commissioned a 25 MW coal based power plant and 10 MW WHR Power plant at Mangrol in Rajasthan. During the year J.K Cement expanded wall putty capacity to 0.5 MnNTPA at its unit at Gotan in Rajasthan.The Board of Directors of J.K Cement at its meeting held on 3 August 2015 considered and/or taken note that the company acquired 100 paid up equity capital and thereupon made Jaykaycem Central Ltd. an unlisted public limited and part of promoter group company its wholly owned subsidiary. This will facilitate to implement the business plan of Jaykaycem Central Ltd. and/or to implement its future cement projects.In 2016 J.K Cement set up a 0.2 MnTPA wall putty plant in Katni Madhya Pradesh. In 2018 the company initiated work on 4.2 MnTPA Brownfield expansion for grey cement at Mangrol Rajasthan which is about 40 of existing capacity. The estimated cost outlay for the expansion project is Rs 2000 crore. On 7 June 2018 J.K Cement announced that the successfully implemented additional installed capacity of 0.2 MnNTPA at its unit at Katni in Madhya Pradesh. With this the total installed capacity at J.K.White Katni stands at 0.4 MnTPA. With this the company has achieved white cement based Wall Putty manufacturing capacity of 0.9 MnTPA.The Board of Directors of J.K Cement at its meeting held on 28 June 2018 interalia decided to offer issue and allot equity shares through domestic and/or international offerings representing equity shares etc. for an amount not exceeding Rs 700 crores through public issue and/or private placement and /or rights issue and/or preferential allotment and/or qualified institutional placement QIP subject to shareholders approval sought in the ensuing Twenty Fourth Annual General Meeting of the company. The funds are proposed to be utilised for the purpose of funding the companys long term growth repayment/prepayment of debt general corporate purposes including capital expenditure and working capital or any other purposes as may be permissible under applicable law and approved by the Board of Directors.During the FY2019the Company through Qualified Institutions Placement QIP allotted 7341001 Equity Shares fully paid up to the eligible Qualified Institutional Buyers QIB at a price of Rs 695.80 per equity share of face value of Rs 10 each inclusive of premium of Rs 685.80 per equity share aggregating to Rs 51078.68 lacs.As on 31 March 2019the company has three subsidiaries. During the yearBander Coal Company Pvt Ltda Joint Venture companyhas been liquidated.During 201819the company commissioned wall putty unit at Katni having installed capacity of 2 Lacs tonnes per annum.Grey Cement expansion of 4.2 million tonnes per annum with 2.8 million clinker production line 1 million tonnes Cement grinding and Waste Heat Recovery system at Mangrol Rajasthan. 1 million cement grinding at Nimbahera Rajasthan along with two Split Grinding Units of 1.5 million tonnes at Aligarh Uttar Pradesh and 0.7 million tonnes at Balasinor Gujarat in on schedule and will be completed by March 2020.To upgrade existing Line No3 at Nimabhera resulting in increased Clinker Production by 1000 TPD. This is scheduled to complete by December 2020. The Companys longterm plan is to set up integrated plant having capacity of 3.03.5 MnTPA plant at Panna Madhya Pradesh to achieve 18 MnTPA capacity by 2022. For this proposed expansion the Company has two mining leases. These leases have enough reserves to support expansion of 15 MnTPA in phases. The Company commissioned 2.6 MnTPA clinker production line at Mangrol and 3.5 MnTPA cement grinding at Nimbahera Mangrol and Aligarh and started commercial dispatches. Work of 0.7 MnTPA split grinding unit at Balasinor Gujarat was stopped on account of the outbreak of COVID19. The work has restarted with limited workforce and is expected to be completed in Q3FY21. The Company had to stop upgradation and modernisation of Line3 at Nimbahera due to migration of labourers. The construction work has restarted with limited workforce. The company had to suspend work of 0.3 MnTPA Wall Putty capacity at Katni due to the COVID19 outbreak. The construction work has restarted with limited workforce and is expected to be completed by Q2FY21.The operations and business performance of the Company during the Quarter ended June 30 2020 was adversely impacted due to the shutdown of the Companys plants at various locations on account of lockdown announced by the Government after the outbreak of COVID19 pandemic in March 2020. Operations were resumed in a phased manner since April 20 taking cognizance of the Governments advisories around resuming manufacturing activities and after obtaining necessary permissions from the concerned authorities in this behalf. The Company has commissioned 0.7 MnTPA Grey Cement grinding unit at J.K. Cement Balasinor and 0.3 MnTPA putty plant at J.K. White Cement Katni on October 8 2020 and October 192020 respectively.
OrganisationJ K Cements Ltd