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JK Lakshmi Cement Limited (JKLAKSHMI) Fair Value & Analysis

Basic Materials · IN · Market cap ₹70.9B

JL JK Lakshmi Cement Limited JKLAKSHMI · NSE
Price₹549.05
Fair Value₹448.45
Upside-18.3%
Quality49/100
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Mixed Growth
Thin margins · 6.1% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/14)
Moderate moat 47/100
Evidence: High Range ₹267.19 – ₹705.31 Share as image

Fair value as of: Aug 13, 2026

From 25 valuation models · updated 3 days ago

Share price −5.2% over the past month.

Below-average quality, and screening another 18% overvalued on our models.

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What matters now

  • The model range is unusually wide (₹267.19 to ₹705.31). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹1,008 ₹44.10 Fair Value ₹448.45 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹44.10 – ₹1,008 · fair‑value band ₹267.19 – ₹705.31 · the ₹549.05 price screens above the ₹448.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

JK Lakshmi Cement Limited (JKLAKSHMI) currently trades at ₹549.05, while our model-based Fair Value estimate is ₹448.45, implying the stock looks roughly 18.3% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, JK Lakshmi Cement Limited generated revenue of ₹67.6B at a net margin of 6.1%. Revenue grew 0.2% year over year. It earns a return on equity of 11.1%. Net debt stands at ₹20.7B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹267.19 (bear case) to ₹705.31 (bull case); at ₹549.05, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 46% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at -18%, JKLAKSHMI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹69.14 ₹196.86 ₹408.55 80
Residual Income ₹279.04 ₹315.21 ₹576.52 76
Rev-Margin DCF ₹279.24 ₹613.82 ₹1,034 74
All 25 models by family
DCF Models
FCF DCF ₹69.44 ₹205.58 ₹435.54 38
5Y Revenue Exit ₹279.24 ₹627.23 ₹1,103 39
5Y EBITDA Exit ₹323.02 ₹715.53 ₹1,207 41
5Y P/E Exit ₹207.62 ₹482.76 ₹794.19 38
10Y Revenue Exit ₹188.92 ₹494.86 ₹967.15 36
10Y EBITDA Exit ₹234.48 ₹558.76 ₹1,052 37
10Y P/E Exit ₹158.64 ₹390.30 ₹713.92 35
Earnings-Based
Graham-Dodd ₹225.70 ₹967.77 ₹1,322 54
Lynch FV ₹247.67 ₹353.82 ₹459.96 50
PEG = 1.0 ₹247.67 ₹353.82 ₹459.96 46
EPV ₹302.59 ₹371.75 ₹432.27 59
Dividend Discount
Gordon GGM ₹56.57 ₹117.63 ₹186.60 70
DDM Multi-Stage ₹56.57 ₹99.19 ₹123.45 61
Multiples
P/E Multiple ₹423.19 ₹564.25 ₹705.31 63
P/S Multiple ₹423.19 ₹564.25 ₹705.31 58
P/B Multiple ₹423.19 ₹564.25 ₹705.31 55
EV/EBIT ₹468.64 ₹662.31 ₹855.99 53
EV/EBITDA ₹498.25 ₹701.78 ₹905.32 54
EV/Revenue ₹391.17 ₹606.98 ₹822.78 43
Asset-Based
NCAV (Graham) ₹156.50 ₹209.71 ₹312.99 50
Growth DCF
Growth DCF ₹69.14 ₹196.86 ₹408.55 80
Rev-Margin DCF ₹279.24 ₹613.82 ₹1,034 74
Economic Profit
Residual Income ₹279.04 ₹315.21 ₹576.52 76
ROIC Compounder ₹302.59 ₹431.37 ₹604.02 72
Growth Earnings
Growth-Adj P/E ₹370.00 ₹528.57 ₹687.14 68

Widest divergence: Multiples (₹564.25) versus Dividend Discount (₹99.19). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹67.6B
Revenue growth (YoY) +0.2%
Net margin 6.1%
Return on equity 11.1%
Free cash flow ₹1.8B FY2026
P/E ratio 16.5
More key figures
Operating margin 10.6%
EPS (TTM) ₹33.20
EPS growth (YoY) -27.0%
Net debt ₹20.7B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 49 · Market factors (momentum, volatility) 32

Profitability 49
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 45
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

JK Lakshmi Cement Limited manufactures and supplies cement in India. The company provides an array of cement products, including portland cement, portland pozzolana cement, portland slag cement and composite cement; and value-added products and services, including ready-mixed concrete, gypsum plaster, wall putty, autoclaved aerated blocks, and adhesives.

Full company description

JK Lakshmi Cement Limited manufactures and supplies cement in India. The company provides an array of cement products, including portland cement, portland pozzolana cement, portland slag cement and composite cement; and value-added products and services, including ready-mixed concrete, gypsum plaster, wall putty, autoclaved aerated blocks, and adhesives. The company offers its products under the JK Lakshmi Cement, Platinum Heavy Duty Cement, JK Lakshmi PRO+ Cement, Platinum Supremo Cement, JK Lakshmi Classic Gypsum Plaster, JK Lakshmi Classic Wall Putty, JK Lakshmi Green+ Cement, Platinum Heavy Duty Cement, JK Lakshmi White Cement, JK Lakshmi Concrete, JK Lakshmi Mortar, JK Lakshmi Wall Primer, and JK Lakshmi Fly-Ash Block brand names. Its products are used for the construction of individual home builders; monumental projects, such as bridges, airports, and dams; and railways, metro, roads, etc. The company was incorporated in 1938 and is based in New Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

JK Lakshmi Cement Limited reported revenue of ₹67.6B in FY2026 versus ₹54.2B in FY2022, a compound +5.7%/yr. Reported net income was ₹4.1B in FY2026, compounding −2.9%/yr from FY2022.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹67.6B
Latest YoY
+9.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.4%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.3%
Revenue +5.7%/yr
FY22 ₹54.2B
FY23 ₹64.5B
FY24 ₹67.9B
FY25 ₹61.9B
FY26 ₹67.6B
Net income −2.9%/yr
FY22 ₹4.6B
FY23 ₹3.6B
FY24 ₹4.7B
FY25 ₹3.0B
FY26 ₹4.1B

JKLAKSHMI screens 18% overvalued. Compare with UltraTech Cement Limited →

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Cite: Fair Value Calculator (2026). "JK Lakshmi Cement Limited Fair Value". https://www.fairvalue-calculator.com/stock/JKLAKSHMI

Peer Group

Building Materials · 258 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 49 · Below median
Fair Value upside −18% · Below median
Return on equity (TTM) 11% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 0% · Below median
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.49× · Higher than 75% of peers

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 16.5× · Cheaper than median
P/B 1.83× · Pricier than 75% of peers
P/S (TTM) 1.05× · Pricier than median
P/FCF 0.4× · Cheaper than median
EV/EBITDA 8.4× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 9 · sector 21
FUTURE 1 · sector 2
PAST 44 · sector 15
HEALTH 75 · sector 93
DIVIDEND 22 · sector 52

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
UltraTech Cement Limited ULTRACEMCO ₹11,891 ₹4,718 -60%
China Jushi Co 600176 ¥43.31 ¥13.22 -69%
Grasim Industries Limited GRASIM ₹3,308 ₹1,245 -62%
CEMEX, S.A. CEMEXCPO 21.71 MXN 12.27 MXN -43%
Anhui Conch Cement Company 600585 ¥17.49 ¥26.14 +49%
Ambuja Cements Limited AMBUJACEM ₹421.00 ₹216.73 -49%
Shree Cement Limited SHREECEM ₹25,570 ₹8,215 -68%
TCC Group 1101B 43.15 TWD 9.76 TWD -77%
Taiwan Glass Ind. Corp 1802 57.60 TWD 13.98 TWD -76%
J.K. Cement Limited JKCEMENT ₹5,349 ₹2,184 -59%

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Frequently asked questions

Is JK Lakshmi Cement Limited (JKLAKSHMI) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹448.45 versus a price of ₹549.05, about −18% (overvalued).
What is the fair value of JKLAKSHMI?
Our model-based fair value for JK Lakshmi Cement Limited is ₹448.45 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹549.05.
What is the quality score of JKLAKSHMI?
JK Lakshmi Cement Limited has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of JK Lakshmi Cement Limited (JKLAKSHMI)?
JK Lakshmi Cement Limited reported trailing-twelve-month revenue of about ₹67.6B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of JKLAKSHMI?
The net profit margin of JK Lakshmi Cement Limited is about 6.1%, meaning it keeps roughly 6.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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