Government Programs And Urbanization Will Expand Indian Cement Markets
Despite the Consensus Analyst Price Target remaining unchanged at ₹6750, J.K. Cement’s Future P/E has increased slightly—indicating higher growth expectations or valuation risk—while the Discount Rate was largely stable.
What's in the News
- J.K. Cement approved a Green Field expansion project adding 7 MnTPA, including a clinkerisation unit of 4 MnTPA and cement grinding of 3 MnTPA at Jaisalmer, Rajasthan, plus two split grinding units of 2 MnTPA each in Rajasthan and Punjab; total investment Rs. 4805 Crores.
- Production capacity at JK Cement Works, Ujjain increased by 0.5 MTPA to 2 MTPA through efficiency improvements; overall grey cement production capacity now at 25.26 MTPA.
- Board approved establishment of a 0.6 MTPA White Cement based Wall Putty plant near Nathdwara, Rajasthan, with an investment of INR 1,950 million.
- Ms. Bhumika Sood appointed as Company Secretary and Compliance Officer effective November 1, 2025, succeeding Mr. Shambhu Singh post his superannuation.
- Raghav Moreshwar Tare appointed as Group Financial Controller under Senior Management effective August 1, 2025.
Valuation Changes
Summary of Valuation Changes for J.K. Cement
- The Consensus Analyst Price Target remained effectively unchanged, at ₹6750.
- The Future P/E for J.K. Cement has risen slightly from 45.72x to 47.34x.
- The Discount Rate for J.K. Cement remained effectively unchanged, moving only marginally from 13.99% to 14.00%.
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