Jefferies has maintained a Buy rating on JK Cement, assigning a target price of ₹5,520 per share, indicating upside from the current market price of ₹5,107. The brokerage highlighted a strong Q4 performance, driven by better volumes and realisations.
JK Cement’s Q4 EBITDA came in above estimates, supported by a ₹225 per tonne QoQ improvement in unit EBITDA. While FY25 EBITDA was down 1% year-on-year, Jefferies noted it was still one of the strongest performances among sector peers.
The brokerage remains confident in the company’s growth outlook, citing that JK Cement’s expansion plan of 6 million tonnes per annum (mtpa) remains on track and is scheduled for commissioning by December 2025.
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