JK Lakshmi Cement in its 25th year is like a beautiful young bride everyone will like to bring home.With cement capacity expanding to 5 million tonnes,from existing 3.5 million tonnes and a 2.7 million tonne Green field plant being set up at Chhatisgarh entailing an investment of Rs. 1100 crore,company’s capacity will more than double in next 3 years.Company has posted excellant results for FY08.
Scrip Code : 500380 Company Name : JK Lakshmi Cement Ltd
Results reproduced from BSEINDIA
Company has detailed its expansion plans in the press release recently.
Company’s market capitalisation at CMP of Rs. 111 is Rs. 680 crores,which gives an enterprise value of 5 million tonne plant at just Rs. 182 crore/million tonne or US $ 46 per tonne of cement capacity vs. US $ 102 per tonne as envisaged in the Green field project.Share is available at P/E of less than 3 and is a value BUY at CMP.
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