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Introduction of JK Lakshmi cement

JK Lakshmi Cement Ltd. is engaged in manufacturing and

distribution of construction materials. It is engaged in the

production of cement that include cement 53 blended, 53 grade

ordinary portland cement and 43 grade ordinary portland cement.

The company caters its product to civil and industrial works and

operates in India. It is headquartered at New Delhi, India

This comprehensive SWOT profile of JK Lakshmi Cement Ltd.

provides you an in-depth strategic analysis of the companys

businesses and operations. The profile has been compiled by

GlobalData to bring to you a clear and an unbiased view of the

companys key strengths and weaknesses and the potentialopportunities and threats. The profile helps you formulate strategies

that augment your business by enabling you to understand your

partners, customers and competitors better.

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Once purchased, GlobalDatas highly qualified team of company

analysts will comprehensively research and author a full financial

and strategic analysis of JK Lakshmi Cement Ltd. including a

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Brief history of jk lakshmi cement


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There is hardly any other product that has so greatly contributed to

the growth of modern human civilisation as Cement. The massive

urban infrastructure that we see today across the world would have

been unthinkable without cement. Cement is the root substancethat has given the essential element of strength and durability to

our houses, schools, offices and other buildings so that we can

occupy them with peace of mind.

The word Cement literally means a substance that can bind material

together and can acquire strength on hardening. The cement as we

know today is a specialised building material which is a result of

various innovations over the past and is made in sophisticated

manufacturing facilities.

Its use associated with ancient civilizations...

The oldest use of cement dates back to the thousands of years old

Egyptian civilisation. The Egyptians used natural cement made by

combining limestone and gypsum for the construction of their

massive and highly impressive pyramids. The fact that the Egyptian

Pyramids have proudly stood the test of time over such a long

period of human history is a testimony to the phenomenal strength

of cement. However it must be stated that the ancient Egyptian

cement was very different from the cement in use today.

Later in the Roman era, the concept of cement advanced further.

Romans used a combination of slaked lime with Pozzolana, a

volcanic ash from Mount Vesuvius. The Romans made many

impressive structures using this cement. The Basilica of

Constantine is one popular example of Roman construction in which

they used such cement mortar.

The Eddystone Lighthouse...

In eighteenth century England, John Smeaton, a British engineer,was assigned the task of re-constructing the Eddystone Lighthouse,

a structure that had witnessed repeated structural failure. In 1756,

Smeaton conducted a number of experiments that led to the

discovery that cement made from limestone containing a

considerable proportion of clay would harden under water. Based on


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this discovery, Smeaton rebuilt this lighthouse in 1759 and this

time, it stood strong for 126 years.

Subsequently, until the early part of the nineteenth century, large

quantities of natural cement was used, that was made with a

combination of naturally occurring lime and clay.

The first patent for cement...

In 1824, Joseph Aspdin, a British mason obtained a patent on his

hydraulic cement formula that closely resembled the modern

cement as we know today. He called this cement Portland Cement,

and it was made through the proportionate mixing, burning and the

subsequent grinding of a combination of clay and limestone.

Cement as we know today...

Cement went through many more improvements and developments

in the nineteenth and twentieth centuries. The industrial revolution

and the subsequent development of the rotary kiln paved the way

for huge and sophisticated cement manufacturing plants. These

plants possess the capability of a homogenous mixing and intense

heating of the raw material thus vastly improving the quality of the

cement produced. The sophisticated quality-testing equipment

employed by modern cement plants further helps in ensuring thequality of the cement produced.

Company branches

Head branch.

Nehru house, 4 Bahadur shah zafar marg New Delhi

JK Lakshmi Cement has branch in Rajasthan, Gujrat, Maharashtra,Punjab, Haryana, Delhi, Uttarakhand, Uttar Pradesh, Himachal

Pradesh and J&K, along with stock dumps at various places in

every state to ensure uninterrupted supply to customers.


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Product range

The cement manufacturing technology used by JK Lakshmi ensures

that the final product adheres to globally accepted standards of

quality and performance.

JK Lakshmi Cement comes in three variants:

y Cement 53 Blendedy 53 Grade OPCy 43 Grade OPC

Ouraward winning cement manufacturing facility in Sirohi

(Rajasthan) has an annual production capacity of 3.5 million tonnes.

The quality of limestone used as raw material is of such superior

quality that even without the addition of clay or any other material,

the quality of cement produced is comparable to the best in the

world.

Only JK Lakshmi Cement comes with the unique Mazbooti

Guaranteed advantage. The Mazbooti advantage means consistency

in strength, fineness, setting time, weight and colour.

JK Lakshmi Cement Limited's manufacturing facility at Sirohi,

Rajasthan is equipped with state-of-the-art equipment acquired from

leading vendors from across the world. Rated among the topmost

Cement Plants in India, our manufacturing facility is well positioned

to deliver an extremely superior quality of product that adheres to

the highest quality standards.

The JK Lakshmi cement manufacturing facility is spread across an

area of

8 square kilometres among the lush green Arravali ranges at

Jaykaypuram in Sirohi district of Rajasthan. The plant uses ultra

modern equipment acquired from M/s Fuller International of USA andM/s Ventomatic of Italy.

The right combination of quality assurance, equipment and

methodology form the base for the Mazbooti advantage offered by

ourCement. With an annual production capacity of 3.5 million

tonnes, our manufacturing plant has the following highlights:


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y JK Lakshmi's manufacturing facility in Sirohi, Rajasthan hasbeen rated among the top Greenest Cement Plants of India.

y The variety of limestone used in the manufacturing of JKLakshmi Cement is known to be of a highly superior quality

resulting in cement that is well recognised for strength and

durability.

y JK Lakshmi's manufacturing plant uses ultra-moderntechnology and imported machinery.

y Use of high-end equipment such as the Gamma MetricsMachine and the X-ray Analyser ensures that each product

passing out of JK Lakshmi's manufacturing facility adheres to

global standards of quality and performance.

y Electronic packing machines obtained from M/s Ventomatic ofItaly ensure that the customers obtain accurate quantities of

JK Lakshmi's products.y The plant is fully computerised and centrally controlled by

programmable logic controller with colour VDU Control

Stations

Employee of Jk lakshmi cement

864 employee

Competitors of Jk lakshmi cement

Company

Sales

(Rs.Millio

n)

Curren

t

Price

Chang

e (%)

P/E

Ratio

Market

Cap.(Rs.Millio

n)

52-Week

High/Low

Ultratech

Cement70496.80 972.00 0.89 29.11 263731.95 1175/820

Grasim

Industries81721.10

2259.9

00.60 14.68 207216.18

2952/174

0

ACC80272.00 987.20 -1.07 17.06 191049.67 1133/700

Ambuja

Cement70799.40 124.00 0.73 15.01 189626.03 167/100

Samruddhi

Cement42906.30 520.50 -1.01 22.04 136206.30 600/460

Shree 36321.231695.0

0-1.19 82.05 59571.65

2542/150

5


6/21

Cement

Century

Textiles45284.60 311.95 0.81 11.69 30416.63 575/279

India

Cements36872.67 89.70 2.16 55.68 28475.18 143/81

Prism

Cement28465.80 51.80 -0.86 20.89 26703.07 66/45

Birla Corp 21570.28 308.80 -0.23 6.11 24102.67 448/290

Madras

Cement28008.87 97.00 -0.82 13.28 23439.98 133/85

Chettinad

Cement13595.50 470.00 -0.02 20.64 18354.62 638/453

Binani

Cement18510.51 86.80 0.06 33.25 16370.59 109/68

Rain

Commoditi

es

8415.98 149.45 -0.63 39.24 10703.10 231/132

Orient

Paper16604.22 50.90 0.39 7.91 9527.36 69/45

JK Cement 18267.85 137.80 0.18 16.97 9230.40 200/110

HeidelbergCement

9363.93 34.35 -2.14 12.71 8044.77 65/35

JK Lakshmi

Cement14905.00 44.90 -1.75 5.99 5830.40 81/41

Binani Inds 230.01 190.00 -0.52 21.14 5805.34 264/82

OCL India 13742.05 100.30 2.35 4.14 5633.12 150/94

Sanghi

Industries6655.80 19.95 2.84 7.64 4300.59 34/18

RamcoInds.

5286.12 44.60 -0.22 7.98 4016.83 83/42

KCP 3719.52 26.70 2.69 9.56 3384.18 37/24

India Hume

Pipe5604.38 124.50 -2.01 10.74 3151.49 199/123

Mang.Ceme 6136.91 111.95 1.63 6.99 2909.62 218/90


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Hyd.Inds 7036.85 340.50 0.21 3.86 2563.39 762/343

Dalmia

Bharat

Sugar

21542.57 26.60 0.38 0.00 2193.46 279/25

EverestInd 6525.34 137.95 1.10 5.03 2075.58 285/128

Sagar

Cements4795.73 135.00 1.81 0.00 1935.30 214/113

Visaka

Inds.6042.47 99.25 -1.00 3.32 1643.68 193/90

Andhra

Cements2945.41 10.55 -1.77 8.38 1606.23 30/8

Guj Sidhee

Cement

6457.83 10.53 0.96 50.13 1547.38 18/9

Shree

Digvijay

Cem

2632.77 10.00 -0.99141.6

61416.57 20/9

Panyam

Cement1440.08 79.30 -1.49 0.00 1309.48 134/77

Shiva

Cement492.04 6.60 1.38 43.41 1232.91 10/6

NCLIndustries

2327.18 27.15 -3.04 26.45 950.30 48/23

Deccan

Cements2962.10 126.85 0.00 0.00 884.22 215/120

Vinay

Cements388.38 44.40 0.11

121.0

1839.15 45/44

Saurashtra

Cement5740.29 15.95 2.57 0.00 826.74 28/13

Bheema

Cements911.27 27.25 1.87 0.00 708.36 165/19

Kalyanpur

Cements1766.81 28.30 -2.92 0.00 601.35 66/23

Sahyadri

Industries2956.76 58.00 -0.77 3.10 564.61 195/56

Kakatiya 1320.06 72.35 3.73 0.00 547.67 108/67


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Cemen

Sugar

Anjani

Portland1226.28 27.25 -2.50 0.00 520.43 44/24

Barak

Cement1129.41 21.50 2.14 8.52 487.52 51/21

Burnpur

Cement281.12 8.16 0.49 45.55 355.22 15/8

Keerthi

Industries712.06 33.00 4.27 0.00 264.55 136/21

Vardhman

Concrete50.38 34.30 -4.46 0.00 245.47 38/21

KeshavCement

271.91 16.10 0.00 0.00 82.50 30/13

Udaipur

Cement

Works

0.00 0.95 0.00 0.00 59.95 0/0

Somani

Cement128.96 3.61 0.00 0.00 25.88 0/0

News 1

JK Lakshmi Cement to set up Rs1,000-crore unit in Gujarat

By Our Commodities Bureau February 17, 2010


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JK Lakshmi Cement may set up a new plant in Gujarat with aninvestment of Rs1,000-crore over the next 3-4 years to cater to

soaring cement demand from the infrastructure sector.

The proposed two-million tonne unit will boost its existing

operations, which includes a cement plant in Sirohi (Rajasthan),

besides a grinding unit near Ahmedabad, with total annual cement

making capacity of 4.7-million tonne. The company is also in the

process of setting up a second 0.6-million tonne cement grinding

unit in Haryana.

JK Lakshmi Cement had previously announced plans to set up a 2.7-

million tonne cement unit in Chhattisgarh by October 2012, which

would take its annual cement-producing capacity to 8-million tonne.

Shailendra Chouksey, whole-time director of JK Lakshmi Cement,

said, The Gujarat project is still at a nascent stage and we are


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awaiting mining lease for limestone in the region. We have,

however, expressed the intent of setting up a plant with the state

government.

Limestone is a key input for cement production. He added that the

proposed unit in Gujarat will be funded largely through internalaccruals, besides some debt.

News 2

Interview with Mr Shailendra Chouksey, Whole Time Director, JK

Lakshmi Cement

India Infoline News Service / 11:04 , Feb 03, 2011

Replying to Anil Mascarenhas of India Infoline, Shailendra

Chouksey says," A matter of concern in the long run is whether theindustry in a competitive environment can withstand high

taxation."

JK Lakshmi Cement, (JKLC) is among the leading players in North

India. The company has a wide spread marketing network with their

own marketing offices in Rajasthan, Gujarat, Maharashtra, Punjab,

Haryana, Delhi, Uttar Pradesh, Uttaranchal, Himachal Pradesh and

J&K, along with stock dumps at various places in every state to

ensure uninterrupted supply to customers. The company also has a

strong dealership network of over 1500 dealers served by 60 cementdumps strategically located in north and west India. JK Lakshmi

Cement is an ISO 9001, ISO 140001 and OHSAS 18001 certified

company.

Mr Shailendra Chouksey, Whole Time Director, JKLC, is a Post

Graduate in Physics (1973) and is an MBA from the Faculty of

Management Studies, Delhi University (1976). He has over 35 years

of corporate experience. He started his career as a Management

Trainee in Sahu Jain Group. Joined JK Corp Ltd in1986 as Dy.

General Manager (Sales & Marketing) has risen to be a Wholetime

Director on the Board of JK LAKSHMI CEMENT LTD. He isresponsible for all the commercial, financial and marketing activities

of the company and is responsible to lead company's large

distribution network of Sales Promoters, dealers and transporters to

achieve company?s objectives and Brand Positioning. He has

attended the Advanced Management Programme at The Wharton

School, University of Pennsylvania, USA, besides attending various


11/21

other Senior Executives programme including the one conducted by

Harvard Business School in collaboration with Tata Management

Training Centre, IIM Ahmedabad. He is a member of Managing

Committee of Cement Manufacturers Association, Expert Committee

on Internal Trade and Consumer Affairs ASSHOCAM, Working Group

on Cement Industry XIth Plan (constituted by Ministry of Industry),

Academic Advisory Council, Ishan Institute of Management and

Technology, Advisory Board of Hindu Institute of Management,

Sonepat and Chairman of Economic Research Group of Cement

Manufacturers Association.

Replying to Anil Mascarenhas of India Infoline, Shailendra Chouksey

says," A matter of concern in the long run is whether the industry in

a competitive environment can withstand high taxation."

Give us a brief overview on the cement industry?

India is the second largest producer of cement in the world with acapacity of 165 million MT, only after China. The CAGR growth of the

industry for the last five years has been 8.5%. The capacity

utilization is continuously improving and in FY 06-07 was about 94%

as against 90% in 2005-06. Export of cement and clinker combined

during the year 2005-06 and 2006-07 has about 9 million MT each

year.

Post the budget to what extent have you been impacted?

Post budget impact has been basically on account of change in the

excise duty. This has further increased the tax burden on the

cement industry, which was already highly taxed. In the short run,the excise duty has been passed on to the consumers. However, a

matter of concern in the long run is whether the industry in a

competitive environment can withstand such high taxation.

What kind of capacities do you see coming up in the coming years?

We see about 75mn tons in the coming three years.

What is the demand -supply situation currently?

Practically, it is a balanced demand supply situation in FY08 while in

FY09 there would be a surplus of 3 to 4%. These calculations are

based on the assumption of about 10% growth in the country.

What is your present capacity and utilization. Your expansion plans?

How would they be funded?

At the end of March ?07, our capacity was 3.4mn ton. However,

since this came only in the last month of the year, it would be more

appropriate to take the average capacity of the company during the

year and the same was about 3.1mn ton. We operated at 100%


12/21

capacity utilization.

You've increased your blended cement production. What is the

current percentage of blended cement? Do you see this increasing

further?

During the year 2005-06, our blended production was 46% which

increased to 68% during the year 2006-07. We expect to achieve a

production of about 75% blended during the current year.

What is you current power cost. To what extent has the thermal

power project brought in benefits. By when do you see the benefits

fully accruing?

The current power cost of the company is Rs4.40 per unit, which will

come down to Rs3.40 per unit after stabilization of the captive

thermal power plant. However, the benefit of the captive thermal

power plant would be accruing only in the second half of FY08.

Brief us on your latest financialsWe has posted the highest ever profits and sales in the last 25 years

in the silver jubilee year.At the quarter ending Jan-March ?07, JKLC

Sales stood at Rs3.04bn, which is a 43% jump over Rs2.12bn in the

corresponding quarter of the previous year. The Profit after Tax in

the 4th quarter is Rs608.3mn as against Rs237mn in the

corresponding quarter of previous year.

Operating Margin for the quarter at net sales were at 32% while for

the whole year it stood at 30%, due to higher capacity utilization,

better realization, improved market distribution, all round

improvements in efficiencies.The Earning per Share (EPS) for the quarter has gone up to 10.79 as

against 4.76 in the corresponding quarter of previous year while EPS

for the whole year stood at

News3

By Sanjeev Choudhary

NEW DELHI | Tue Sep 28, 2010 4:26pm IST

(Reuters) - JK Lakshmi Cement has seen its productprice falling about 30 rupees per 50 kg bag in three

months and July-Sept could be its "one of the worst

quarters in 4-5 years" in terms of sales growth and

prices, a top official said.


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"Prices went down very steeply in most of our markets," Shailendra

Chouksey, director, told Reuters in an interview on Tuesday, blaming a

combination of new capacities and extended monsoon that slowed down

construction activity.

In north India, a key market for JK Lakshmi, retail prices are down to

about 210-220 rupees per bag, while wholesale prices are about 170

rupees per bag. Usually the gap between retail and wholesale prices is 10 -

15 rupees, Chouksey said.

"(Due to) the anxiety to preserve some part of your market share or to

keep the cpacity utilisation better, I think some manufacturers have done

that (cut prices) and that has affected the whole trade," Chouksey said,

adding the margin for the company in July-Sept will be lower compared to

previous quarter.

"Only silver lining now that we see is that monsoons have been good. So

rural demand should pick up. We also expect prices to improve now," hesaid.

Prices may start reviving from next month when construction activity

picks up, Chouksey said, adding in some markets such as south India

prices have already started firming up.

"More or less people (manufacturers) are reconciling to lower capacity

utilisation," he said, adding the new capacities will get absorbed in the

system in the next 12-15 months.

Price correction though will depend on market condition, but Chouksey

expects them to go up by more than 10-15 rupees a bag as the cementmakers will try and offset the spike in input cost and fall in price,

Chouksey said.

For JK Lakshmi, input cost rose 12-15 rupees per bag in a year, mainly due

to rise in fuel prices, he said.

NEW CAPACITY

JK Lakshmi aims to double its capacity in three years from 4.8 million

tonnes now by setting up a new plant and acquire another in India or

overseas, a top official said.

"We are looking for opportunities to acquire 2-2.5 million tonnes plant in

India or overseas," Chouksey said.

He said the company held talks in the recent past with two manufacturers

in the middle-east and Africa for acquisitions but that did not culminate in

a deal.


14/21

JK Lakshmi Cement has a manufacturing unit in Rajasthan from where it

serves the markets in north and west India. The company is setting up a

grinding unit in Haryana and a 2.7 million tonnes cement plant in

Chhattisgarh that will raise its capacity to 8 million tonnes by March 2013,

Chouksey said

News 4

J K Lakshmi Cement to invest Rs 1800 cr to double

capacity

Press Trust of India / New Delhi September 23, 2010, 14:57 IST

J K Lakshmi Cement today said it would invest Rs 1,800 crore over

the next three-four years to double its cement production capacity

to 10 million tonnes.

"At present, our installed cement production capacity stands at five

million tonnes, which we would expand to 10 million tonnes in the

next three-four years," J K Lakshmi Cement Managing Director

Vinita Singhania told reporters here.

She was speaking on the sidelines of 49th annual meet of Cement

Manufacturers' Association (CMA).

Singhania, who is also the president of CMA, said the company is

setting up a 2.7 million tonnes greenfield cement plant in

Chhattisgarh at an investment of Rs 1,200 crore.

The Chhattisgarh cement plant will be operational by October 2012

and this would take the total capacity to nearly eight million tonnes,

she added.

J K Lakshmi currently has a cement plant in Rajasthan and agrinding unit near Ahmedabad. The company sells cement in

northern and western region of the country.

The company will invest Rs 500-600 crore on setting up a grinding

unit in Haryana and capacity addition through brownfield route,

company's whole-time director Shailendra Chouksey said.


15/21

On the source of funding for the planned investments, Chouksey

said it would be through internal accruals and debts.

In May this year, J K Lakshmi Cement had said that it is eyeing an

acquisition either in India or abroad to expand its installed capacity.

The company reported a 78.58 per cent decline in its net profit at Rs

16.81 crore for the quarter ended June 30. The net sales during the

first quarter of this fiscal also fell by about eight per cent to Rs 323

crore from Rs 351 crore in the year-ago period.

NEWS 5

NEW DELHI: Buoyed by a three-fold increase in its net profit during

the quarter ended September 30, JK Lakshmi Cement on

Wednesday said it will invest Rs 650-700 crore to set up a greenfield

plant in the next three years.

The company reported an over three-fold jump in the net profit after

tax at Rs 73.5 crore for the quarter ended September 30 as

compared to Rs 23.37 crore in the same quarter last year.

It also registered an increase of 65.03% in its turnover at Rs 309.82

crore in the second quarter of the current fiscal as against Rs187.73 crore in the corresponding period a year ago.

The company is planning to set up a greenfield cement

manufacturing plant in the next three years, entailing an investment

of Rs 650-700 crore with installed capacity of 2-2.5 MT. "We will set

up a greenfield plant with about 2-2.5 MT production capacity at an

investment of Rs 650-700 crore within the next three years," JK

Lakshmi Cement MD Vinita Singhania said.

The company, however, has not finalised any location for theproposed plant but said it was exploring various sites in more than

three states in the eastern and southern parts of the country.

When asked about the funding of the project, JK Lakshmi Cement

CFO Sudhir A Bidkar said, "It will be a mix of debt and equity at 1:1

ratio." The profit after tax of the company for the first six months


16/21

rose to Rs 141.96 crore this fiscal from Rs 62.22 crore in the

comparable period last year.

The turnover surged to Rs 621.34 crore for the H1 in the current

year. JK Lakshmi Cement presently has seven RMC plants with an

annual production capacity of 3.4 MT.

News 6

JK Lakshmi Cement review and analysis by Keynote Capitals

JK Lakshmi Cement Ltd. (JKLCL) is a pure value play and an

excellent capital preserving stock during the current slowdown inthe cement industry. In spite of its strong fundamentals, the stock

currently trades at an attractive valuation of $64 per tonne, at a

36% discount to the industry benchmark replacement cost. Its

inexpensive valuation is however overshadowed by the over-supply

situation in the industry. Interestingly, the stock is trading below its

lowest EV/ tonne multiple, reported during the last downturn in the

cement industry (FY97-04).

Since the last slowdown in the cement industry, JKLCL has become

savvier, restructured well and emerged stronger and resilient to

take on the ongoing slowdown in the industry. In our view, the

company has the potential to become a cash cow, once the industry

cycle sees an upturn.

JK Lakshmi Cement Ltd

Balance Sheet

Particulars Mar-10 Mar-09 Mar-08 Mar-07 Mar-06 Mar-05SOURCES OF

FUNDS :

Share Capital 61.19 61.19 61.19 57.09 49.77 55.29

Reserves Total 959.51 770.06 581.23 352.72 163.44 108.12

Total

Shareholders

1,020.7

0831.25 642.42 409.81 213.21 163.41


17/21

Funds

Secured Loans 777.57 573.63 595.71 641.30 606.62 616.43

Unsecured

Loans144.16 129.04 112.13 88.34 85.07 81.10

Total Debt 921.73 702.67 707.84 729.64 691.69 697.53

Total

Liabilities

1,942.4

3

1,533.9

2

1,350.2

6

1,139.4

5904.90 860.94

APPLICATION

OF FUNDS :

Gross Block1,903.6

4

1,760.4

8

1,474.1

5

1,340.5

2

1,175.4

8

1,064.1

9

Less :

Accumulated

Depreciation

840.65 747.39 663.33 595.01 538.09 484.52

Less:Impairment of Assets

0.00 0.00 0.00 0.00 0.00 NA

Net Block1,062.9

9

1,013.0

9810.82 745.51 637.39 NA

Lease

Adjustment0.00 0.00 0.00 0.00 0.00 0.00

Capital Work

in Progress181.95 97.04 101.14 76.62 87.89 20.31

Investments 480.53 88.91 13.03 58.11 0.11 171.61

Current

Assets, Loans

& Advances

Inventories 74.77 66.02 62.19 55.82 36.64 32.75

Sundry

Debtors28.98 23.32 18.61 17.76 20.99 16.24

Cash and Bank 220.39 326.67 347.58 150.68 12.09 22.56

Loans and

Advances341.47 215.94 161.88 117.69 124.29 34.20

Total Current

Assets 665.61 631.95 590.26 341.95 194.01 105.75

Less : Current

Liabilities and

Provisions

Current

Liabilities220.19 171.33 133.21 110.17 50.77 50.14

Provisions 136.36 90.64 43.78 10.61 1.77 5.30


18/21

Total Current

Liabilities356.55 261.97 176.99 120.78 52.54 55.44

Net Current

Assets309.06 369.98 413.27 221.17 141.47 50.31

Miscellaneous

Expenses not

written off

0.00 0.00 0.00 0.00 0.00 1.00

Deferred Tax

Assets19.04 76.03 117.35 138.74 136.80 64.84

Deferred Tax

Liability111.14 111.13 105.35 100.70 98.76 26.80

Net Deferred

Tax-92.10 -35.10 12.00 38.04 38.04 38.04

Total Assets1,942.4

3

1,533.9

2

1,350.2

6

1,139.4

5

904.90 860.94

Contingent

Liabilities64.11 50.39 68.93 42.36 19.02 75.69

Profit & Loss

(Rs. in Crores)

Standalone

|

Consolidated

Particulars Mar-10 Mar-09 Mar-08Mar-

07

Mar-

06Mar-05

INCOME :

Sales

Turnover

1,644.0

5

1,404.0

5

1,286.3

6

970.9

9

700.0

3

591.7

3

Excise Duty 153.55 179.52 178.05128.6

9

116.9

5

104.9

5

Net Sales 1,490.50

1,224.53

1,108.31

842.30

583.08

486.78

Other Income 44.79 39.10 36.16 13.33 12.20 17.07

Stock

Adjustments2.92 -6.07 -1.20 11.08 -5.93 4.72

Total Income1,538.2

1

1,257.5

6

1,143.2

7

866.7

1

589.3

5

508.5

7


19/21

EXPENDITUR

E :

Raw Materials 236.51 176.35 135.18107.5

578.86 70.69

Power & FuelCost

290.36 306.27 245.85 219.05

180.69

177.01

Employee

Cost64.36 53.75 44.22 32.31 26.35 23.59

Other

Manufacturing

Expenses

124.33 108.02 84.83 68.19 55.66 50.05

Selling and

Administratio

n Expenses

314.95 237.07 211.85145.0

196.50 86.43

Miscellaneous

Expenses41.82 30.80 58.24 27.56 19.66 19.03

Less: Pre-

operative

Expenses

Capitalised

0.00 0.00 0.00 0.00 0.00 0.00

Total

Expenditure

1,072.3

3912.26 780.17

599.6

7

457.7

2

426.8

0

OperatingProfit

465.88 345.30 363.10 267.04

131.63

81.77

Interest 54.98 49.51 53.96 43.89 22.31 7.20

Gross Profit 410.90 295.79 309.14223.1

5

109.3

274.57

Depreciation 80.03 69.11 58.54 44.33 53.07 48.95

Profit Before

Tax330.87 226.68 250.60

178.8

256.25 25.62

Tax 32.74 0.00 0.00 0.00 0.00 0.00

Fringe Benefit

tax0.00 0.99 0.89 0.71 0.80 NA

Deferred Tax 57.00 47.10 26.04 0.00 0.00 -0.43

Reported Net

Profit241.13 178.59 223.67

178.1

155.45 26.05

Extraordinary 4.27 3.26 -12.94 2.35 2.66 4.76


20/21

Items

Adjusted Net

Profit236.86 175.33 236.61

175.7

652.79 21.29

Adjst. below

Net Profit

0.00 0.00 0.00 0.00 34.09 0.00

P & L Balance

brought

forward

102.07 77.11 60.04 39.05 -34.09 -61.39

Statutory

Appropriation

s

0.00 0.00 0.00 0.00 0.00 0.00

Appropriation

s238.85 153.63 206.60

157.1

216.40 -1.25

P & L Balancecarried down

104.35 102.07 77.11 60.04 39.05 -34.09

Dividend 30.58 24.47 15.30 5.71 0.00 0.00

Preference

Dividend0.00 0.00 0.00 0.00 0.00 0.00

Equity

Dividend %50.00 40.00 25.00 10.00 0.00 0.00

Earnings Per

Share-Unit

Curr

19.28 28.51 36.13 31.03 11.14 4.71

Earnings Per

Share(Adj)-

Unit Curr

19.28 14.26 18.07 15.52 5.57 2.36

Book Value-

Unit Curr80.89 128.23 103.72 68.15 36.06 22.84

Dividend of jk lakshmi cement

Dividends Declared

Announcement

Date

Effective

Date

Dividend

Type

Dividend

(%)

Remarks

19-05-10 06-07-10 Final 30.00-

28-10-09 10-11-09 Interim 20.00-

13-05-09 17-07-09 Final 40.00-


21/21

15-05-08 17-07-08 Final 15.00AGM

15-01-08 29-01-08 Interim 10.00-

16-05-07 05-07-07 Final 10.00AGM

Market price

Date

Open

Price

High

Price

Low

Price

Close

Price WAP

No.of

Shares

No. of

Trades

Total

Turnover

(Rs.)

Spread

High-

Low Spread

03-Feb-

11 47.5 47.5 46.75 47.05 47.08 24296 223 1143914 0.75

introductio fm term

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