External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

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<ul><li>Motilal Oswal's research report onJK Lakshmi Cement JK Lakshmi Cement (JKLC) is expanding its grinding capacity to ~24mtpa/30mtpa by FY27E/FY30E from the existing 14mtpa (including Udaipur Cement Work).</li><li>Following the release of its 3QFY24 earnings, JKLC announced its next phase of expansion in the east and central regions (through a mix of brownfield and greenfield mode).</li><li>Additionally, JKLC has announced an acquisition in the north-east region with an aim to broaden its market presence.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Motilal Oswal's research report onJK Lakshmi Cement JK Lakshmi Cement (JKLC) is expanding its grinding capacity to ~24mtpa/30mtpa by FY27E/FY30E from the existing 14mtpa (including Udaipur Cement Work).Following the release of its 3QFY24 earnings, JKLC announced its next phase of expansion in the east and central regions (through a mix of brownfield and greenfield mode).Additionally, JKLC has announced an acquisition in the north-east region with an aim to broaden its market presence.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Lakshmi Cement - Accelerating the Market Footprint

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>KLC reported a good operating performance during the quarter, positively impacted by higher demand and improved realization.</li><li>Its revenue grew by 7% YoY, marginally below expectations, driven by demand and better realization YoY.</li><li>The company’s EBITDA/APAT grew by 52%/69% owing to lower costs and better realization. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KLC reported a good operating performance during the quarter, positively impacted by higher demand and improved realization.Its revenue grew by 7% YoY, marginally below expectations, driven by demand and better realization YoY.The company’s EBITDA/APAT grew by 52%/69% owing to lower costs and better realization. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Lakshmi Cement Limited - Robust Operating Performance

<ul><li>Ongoing capacity expansion at its subsidiary progressing well</li><li>Setting up of a grinding unit in Surat</li><li>Railway siding work at Durg plant is going on as per plan</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ongoing capacity expansion at its subsidiary progressing wellSetting up of a grinding unit in SuratRailway siding work at Durg plant is going on as per planContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Lakshmi Cement: Better Operating Performance Expected; Retain BUY

<ul><li>JKLC reported robust operating performance during the quarter positively impacted on the back of higher demand and improved realization.</li><li>Its revenue grew by 12% YoY(above expectations), driven by demand and better realization YoY.</li><li>The company’s EBITDA/APAT grew by 29%/32% owing to lowercosts and better realization.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JKLC reported robust operating performance during the quarter positively impacted on the back of higher demand and improved realization.Its revenue grew by 12% YoY(above expectations), driven by demand and better realization YoY.The company’s EBITDA/APAT grew by 29%/32% owing to lowercosts and better realization.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Lakshmi Cement Limited - Robust Operating Performance; Retain BUY

<ul><li>JK Lakshmi Cement (JKLC) is a dominant player in the cement industry in its key markets of North and West India and derives 75% of its revenue from these two regions.</li><li>It has a sizeable market presence in Eastern India as well.</li><li>The total cement capacity of the company on a consolidated basis stands at 13.9 million tonne per annum (mtpa).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Lakshmi Cement (JKLC) is a dominant player in the cement industry in its key markets of North and West India and derives 75% of its revenue from these two regions.It has a sizeable market presence in Eastern India as well.The total cement capacity of the company on a consolidated basis stands at 13.9 million tonne per annum (mtpa).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week - JK Lakshmi Cement Ltd - 09 October 2023

India

J.K. Lakshmi Cement Ltd. manufactures cement, which it sells under the brand name JK Lakshmi.

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JK Lakshmi Cement (JKLC IN)

JK Lakshmi Cement - Accelerating the Market Footprint

Motilal Oswal's research report onJK Lakshmi Cement JK Lakshmi Cement (JKLC) is expanding its grinding capacity to ~24mtpa/30mtpa by FY27E/FY30E...

Motilal Oswal

JK Lakshmi Cement Limited - Robust Operating Performance

KLC reported a good operating performance during the quarter, positively impacted by higher demand and improved realization.

Axis Direct

JK Lakshmi Cement: Better Operating Performance Expected; Retain BUY

We roll over our estimates to FY26 and value the company at 8.5x FY26E EV/EBITDA to arrive at the TP of Rs 1,000/share, implying an upside...

Axis Direct

JK Lakshmi Cement Limited - Robust Operating Performance; Retain BUY

JKLC reported robust operating performance during the quarter positively impacted on the back of higher demand and improved realization.

Axis Direct

Pick of the Week - JK Lakshmi Cement Ltd - 09 October 2023

JK Lakshmi Cement (JKLC) is a dominant player in the cement industry in its key markets of North and West India and derives 75% of its revenue from...

Axis Direct

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