Total revenues of JK Cement for the fourth quarter were up by nearly 15% at Rs.1492 crore while the net profits were up by more than 50% at Rs.150 crore. For the full year, however, the stock did see a fall in the net profits

The stock of JK Cements is currently quoting at a price of Rs.836 which assigns a valuation of above 20 times P/E to the stock. That is a reasonable valuation for a high growth cement stock. In the cement space, there is a gap between the valuation of the growth companies and the valuation of low growth companies and hence the median growth may not be too valid. Overall, it may be a good stock to accumulate and hold on for the long run. It can be a good proxy for the revival in housing and also the huge infrastructure investments planned.