Magzter GOLDで無制限に

10,000以上の雑誌、新聞、プレミアム記事に無制限にアクセスできます。

$149.99

$74.99/年

試す金 - 無料

JK Cement stock's flawless run

Mint Ahmedabad

September 04, 2025

Scaling without stretching

- Manvi Agarwal

JK Cement Ltd's shares have rallied as much as 47% so far in 2025 on strong project execution, healthy earnings, and a clear growth roadmap.

In this backdrop, some brokerages have raised their valuation multiples. For instance, ICICI Securities Ltd now values JK Cement at 22X FY27 estimated EV/Ebitda (18X earlier), tracking its great project execution capabilities and its crowning achievement of the past 10 years' Ebitda per tonne being the most pronounced of cement majors.

"ROE (return on equity) too has transcended peers all along," said ICICI on 1 September. The brokerage reckons JK Cement's valuation multiple may converge to being at par with peers once growth matures.

JM Financial Institutional Securities raised its target multiple by a notch to 18.5X, with strong earnings visibility (>20% Ebitda CAGR), controlled leverage, and improving return ratios.

このストーリーは、Mint Ahmedabad の September 04, 2025 版からのものです。

Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、10,000 以上の雑誌や新聞にアクセスできます。

すでに購読者ですか? サインイン

Mint Ahmedabad からのその他のストーリー

すべて表示

Mint Ahmedabad

Tesla to invest $2 billion in Elon Musk’s xAI, cancel two EV models

Tesla reported a 61% drop in profit for the fourth quarter after losing its edge as the world’s leading electric-vehicle maker and said it would invest $2 billion in Elon Musk’s private artificial-intelligence firm, after shareholders’ views were mixed on the move.

3 mins

January 30, 2026

Mint Ahmedabad

‘Govt needs startup mindset; making rules not enough’

The government needs to play an entrepreneurial role, taking smart risks in emerging areas rather than merely making the rules, the Economic Survey 2025-26 said, pitching for an overhaul of the Centre's role and bureaucracy's mindset.

1 mins

January 30, 2026

Mint Ahmedabad

Airbus's India fleet to triple by 2035

India’s commercial aircraft fleet of over 100 seats will triple to 2,250 from the existing 850 over the next decade, as the country grows to become the third-largest civil aviation market in the world by 2035, a senior official of the aircraft maker Airbus said on Thursday.

1 min

January 30, 2026

Mint Ahmedabad

Sebi’s corporate bond exit finds no takers

A unique facility that allows investors to exit corporate bonds has failed to catch on

3 mins

January 30, 2026

Mint Ahmedabad

'India must move up global value chains'

India needs to shift to hi-tech manufacturing, and the country’s local businesses, especially small enterprises, should integrate into global value chains to focus on 'strategic resilience” rather than complete self-reliance, according to the Economic Survey.

3 mins

January 30, 2026

Mint Ahmedabad

Dabur Q3 profit stable on tax cut

Dabur reported third-quarter profit largely in line with analysts’ estimates on Thursday, as the demand boost from the country’s consumption tax cuts offset the onetime charge from a labour code revision.

1 min

January 30, 2026

Mint Ahmedabad

Lord's Mark outlines multi-state investment roadmap

India's national priorities in clean energy, healthcare access, and domestic manufacturing are moving into an accelerated execution phase, with states actively driving investible, future-ready infrastructure.

2 mins

January 30, 2026

Mint Ahmedabad

Firms raised ₹10.7 tn via primary markets; IPOs totalled ₹1.6 tn

Cos from tech, fintech, renewable energy have entered Dalal Street

2 mins

January 30, 2026

Mint Ahmedabad

The world's first AI constitution: A turning point we can't ignore

Anthropic's document for AI self-governance is a novelty that highlights the need of wider oversight

3 mins

January 30, 2026

Mint Ahmedabad

EU Gateway Office to not fast-track visas

The European Union’s (EU) decision to set up a “Legal Gateway Office” in India under the EU-India Comprehensive Framework of Cooperation on Mobility, announced alongside the conclusion of the India-EU free trade agreement (FTA), will not create any special immigration rights or fast-track visas for Indians seeking to work or study in Europe, lawyers say.

1 mins

January 30, 2026