JK Lakshmi Cement Limited (JKLAKSHMI)

Construction Materials · Cement & Cement Products · NSE · Updated 31 July 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹564.65 ↓ 41.87% (1Y)

🎯 Key Takeaways

JK Lakshmi Cement is navigating a challenging phase marked by declining profitability and market headwinds, with a 41.87% drop in one-year return reflecting investor skepticism.
Revenue grew 21.3% QoQ to ₹1,497 in Q3FY25.
⚠️ Ongoing litigation in Gauhati High Court concerning land allotment for Mahabal Cement could result in financial liability of up to ₹103.16 Crores, pos

Market Cap

₹8,115

P/E Ratio

28.2

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

JK Lakshmi Cement is navigating a challenging phase marked by declining profitability and market headwinds, with a 41.87% drop in one-year return reflecting investor skepticism. The company operates in a capital-intensive, cyclical industry where volume growth and margin expansion are critical, but recent financial trends show volatility in revenue and profitability despite stable top-line performance.

📰 What's Happening

In Q3FY25, the company reported revenue of ₹1,497 Crores with operating profit of ₹211 Crores and a modest OPM of 13.5%, up from a loss of ₹19 Crores in Q2FY25, indicating sequential improvement. However, full-year FY25 revenue declined from ₹1,862 Crores in Q4FY24 to ₹1,497 Crores in Q3FY25, signaling demand softness. Management has not yet provided forward guidance, but recent board clarifications on remuneration and proxy advisory errors suggest efforts to improve governance transparency and stakeholder confidence ahead of key shareholder votes.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	1,862	1,730	1,575	1,703	1,781	1,564	1,234	1,497
Operating Profit	249	207	231	328	363	235	98	211
OPM %	12.5%	11.3%	13.8%	17.7%	18.9%	14.2%	7.2%	13.5%
Net Profit	115	80	96	150	162	68	-19	60
EPS	₹9.35	₹6.67	₹7.88	₹12.21	₹13.34	₹5.97	₹-1.19	₹5.05

The company's financial trajectory shows mixed momentum: while operating margins improved from 7.2% in Q2FY25 to 13.5% in Q3FY25, they remain below the 18.9% peak seen in Q4FY24, indicating margin compression over the past year. Net profit swung from a loss of ₹19 Crores in Q2FY25 to ₹60 Crores in Q3FY25, but this follows a high base of ₹162 Crores in Q4FY24, suggesting volatility rather than sustained recovery. Revenue peaked in Q4FY24 at ₹1,781 Crores but declined sharply in Q3FY25, reflecting possible softness in demand or pricing pressure in the cement sector.

🔮 Management Outlook & What's Next

Management has not yet provided explicit forward guidance on revenue, margins, or capital allocation in the latest filings. However, repeated clarifications on governance matters — including proxy advisory inaccuracies related to remuneration and re-appointment of directors — indicate a focus on shareholder communication and regulatory compliance. The company emphasized compliance with Section 196 and 197 of the Companies Act regarding director remuneration and shareholder approvals, reinforcing its stance on governance standards.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Cement & Cement Products

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
UltraTech Cement Limited	3.38 L Cr	44.1	12.3%	10.8%	0.33
Grasim Industries Limited	2.00 L Cr	21.1	4.9%	4.6%	1.88
Ambuja Cements Limited	1.07 L Cr	23.3	4.6%	7.7%	0.00
SHREE CEMENT LIMITED	90,094	73.6	—	—	—
JK Cement Limited	42,219	58.6	—	—	—
Dalmia Bharat Limited	32,402	57.5	—	—	—
ACC Limited	25,592	12.0	11.0%	10.4%	0.00
The Ramco Cements Limited	21,650	57.2	—	—	—
JSW Cement Limited	16,793	0.0	—	—	—
The India Cements Limited	12,401	-56.7	—	—	—

🔗 Peer Stock Analyses

ULTRACEMCO GRASIM AMBUJACEM SHREECEM JKCEMENT

⚠️ Risk Factors

1. Ongoing litigation in Gauhati High Court concerning land allotment for Mahabal Cement could result in financial liability of up to ₹103.16 Crores, posing a material contingent risk. 2. Persistent margin pressure despite operational improvements, with OPM declining from 18.9% in Q4FY24 to 13.5% in Q3FY25, suggests vulnerability to input cost inflation or pricing competition. 3. Revenue volatility — peaking in Q4FY24 and declining in Q3FY25 — may reflect weakening demand or market share erosion in a competitive sector. 4. Governance-related proxy disputes, while resolved, indicate sensitivity to institutional investor perceptions and potential governance scrutiny.

📋 Recent Filings

🧠 Analyst's Read

JK Lakshmi Cement is in a transitional phase where operational recovery is tentative and contingent on sector demand stabilization. The company’s recent focus on governance corrections and litigation exposure management reflects efforts to rebuild investor trust, but financial performance remains inconsistent. Investors should monitor upcoming quarterly results for signs of sustainable margin improvement and any commentary on demand trends in the infrastructure and housing sectors, which are key drivers of cement consumption.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-31.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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