Friday, February 22, 2008

J K Laxmi cement

JK Lakshmi Cement has been on a capacity expansion spree and has expanded its capacity from 2.4 million MT to 3.4 million MT in FY 06-07. The company has undertaken another expansion project which would see its capacity go up from 3.4 million MT to 5.0 million MT by the end of third quarter of FY 08-09.

At its current price of Rs 136, JK Lakshmi Cement trades at a PE ratio of less than 3, both on expected FY 07-08 earnings and cheap valuations when compared with the peer group and looks attractive for investment.