JK LAKSHMI CEMENT LTD
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BSE Code:
500380
NSE Code:
JKLAKSHMI
Business Profile
Business Profile
JK Lakshmi Cement (JKLAKSHMI) was incorporated in 1982 and has now completed 25 years of existence. It is a company that?s renowned for its strength, quality and performance. It is part of the JK group of companies.
One of the established names in the cement industry, JK Lakshmi Cement has state-of-the-art plants at Jaykaypuram, district Sirohi, Rajasthan having a capacity of more than 3.5 million tons. With use of the latest technology from Blue Circle Industries and Modern equipments from Fuller International of USA, the company is going strength to strength.
It is also the first gray cement producer of northern India to be awarded an ISO 9002 certificate and be accredited by NABL (Department of Science & Technology, Government of India) for its Lab Quality Management systems.
An integral part of major projects like IGNP, Sardar Sarovar Dam and major corporations like L&T, Reliance, Essar and Airport Authority of India, JK Lakshmi Cement also offers value added products like plaster of paris known by the brand name JK Lakshmiplast and ready mix concrete popularly known as JK Lakshmi Ready Mix Concrete.
Its wide network of about 1,500 dealers are spread across the states of Rajasthan, Gujarat, Delhi,Haryana, UP, Uttaranchal, Punjab, J&K, HP and Mumbai.
Financials
JK Lakshmi Cement registered a 76.22% growth in net profit to Rs 684.6 million for the quarter ended June 2007 from a profit of Rs 388.5 million for the quarter ended June 2006.
Net sales rose 41.16% to Rs 2664.2 million for the quarter ended June 2007 from Rs 1887.4 million for the quarter ended June 2006.
Total income rose 41.9% to Rs 2684.8 million for the quarter ended June 2007 from Rs 1892.1 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 11.99 for the quarter ended June 2007.
Recent Developments
12-JUN-07
1. The company is pursuing the RMC business aggressively. It is already operating five RMC plants and hopes to add at least five to six plants during the coming financial year. Further, the company has already started work on the projects for further expanding its capacity from the existing 3.4 million MT to 5 million MT.2. The aforesaid capacity enhancement is expected to be completed by October 2008. This will entail additional power requirement of about 18 MW and necessary modifications, ..etc., in the plant. For additional power, the company will have to enhance the capacity of the captive thermal power project by equivalent quantity or outsource it if the power is made available at the same or cheaper cost than the cost of captive generation. The estimated investments for the aforesaid projects would be about Rs 4,000 million.
Future Plans
JK Lakshmi Cement is planning to invest Rs 6 billion for increasing its manufacturing capacity from 3.4 MT to about 5 million MT by October 2008 and erecting upto 20 ready-mix-concrete (RMC) plants.
Further the company plans to set up 15 to 20 RMC plants with an investment of Rs 80 to 100 million per unit in the coming years. Of the total RMC plants, the company expects to establish at least five to six plants during the current financial year.