Single-plant Rajasthan cement maker (4.70 MTPA capacity) under the JK Lakshmi Cement group, merging into JKLC.
Price
Market Cap
Sector
Commodities
Rank
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 118 | 125 | 125 | 125 | 125 | 125 | 224 | 224 |
| Reserves | 49 | 43 | 59 | 122 | 170 | 221 | 663 | 576 |
| Borrowings | 609 | 567 | 567 | 570 | 941 | 1.1k | 1.3k | 1.6k |
| Other Liabilities | 114 | 148 | 167 | 158 | 193 | 304 | 265 | 278 |
| Total Liabilities | 890 | 883 | 917 | 975 | 1.4k | 1.8k | 2.5k | 2.7k |
| AssetsFixed Assets | 766 | 740 | 707 | 681 | 726 | 711 | 2.0k | 2.2k |
| CWIP | 0 | 0 | 6 | 46 | 130 | 816 | 0 | 2 |
| Investments | 0 | 0 | 25 | 93 | 87 | 0 | 100 | 207 |
| Other Assets | 125 | 143 | 179 | 155 | 486 | 268 | 331 | 292 |
| Total Assets | 890 | 883 | 917 | 975 | 1.4k | 1.8k | 2.5k | 2.7k |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 24 | 66 | 113 | 187 | 143 | 99 | 128 | 263 |
| Cash from Investing | -30 | -7 | -34 | -114 | -244 | -500 | -675 | -339 |
| Cash from Financing | 7 | -60 | -78 | -62 | 322 | 171 | 576 | 76 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -6 | 58 | 103 | 139 | -111 | -490 | -456 | 26 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
UDAICEMENT · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.