JK Lakshmi Cement Q4 FY26 call: capex INR1,500-1,700cr, 30MT by 2030 target intact

Mgmt Guided Margin ImprovementMgmt Guided Margin PressurePromoter Disclosed Acquisition PlansAnalyst Day Multiyear TargetsCfo Debt Reduction RoadmapInvestor Communications View source PDF

JKLAKSHMI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.5%1-day move

₹618.00

prior close

₹612.70

base price

In-mkt

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AI summary

JK Lakshmi Cement's Q4 FY26 call: pan-India cement demand grew ~7% to 480MT. Company guides INR1,500-1,700cr capex in FY27 and ~INR2,000cr in FY28. Durg project on track for FY28 end; Northeast project ~1 year after. 30MT capacity by 2030 target reaffirmed. FY26 clinker utilization at 93%; blended ratio targeted to rise from 62% to 65% to support growth. EBITDA per ton gap with leaders seen reducing by INR50-75/ton in FY27. Q1 FY27 to face INR120-130/ton cost hit. Trade price hikes so far limited; AMDCL mines derecognized (INR325cr).

Likely market impact

Capex-heavy 2 years ahead with expected peak debt; near-term fuel cost pressure, but 30MT by 2030 target intact and margin gap with leaders seen narrowing.