JK Cements is engaged in the manufacturing and selling of Cement and Cement related products and is one of the largest cement players in North India.The company has grown its sales revenue by 12.3% in the last 5 years on CAGR basis. JK Cements has maintained its growth and also focuses on strengthening its balance sheet. The debt-equity is steadily decreasing. From 2x in FY16, it has come down to 1.3x in FY19.The company also pays dividend of average 20%. Considering the demand-supply scenario and strong outlook for the company, we recommend BUY.
