Mission Statement, Vision, & Core Values (2025) of JK Lakshmi Cement Limited.

An Overview of JK Lakshmi Cement Limited

General Summary of JK Lakshmi Cement Limited

JK Lakshmi Cement Limited was established in 1982 and is a part of the JK Organization, a prominent industrial group in India. The company specializes in the manufacturing of cement and various cement-based products. Its product range includes Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and various value-added products like Ready Mix Concrete (RMC) and precast products.

As of 2024, JK Lakshmi Cement has a robust sales presence, with reported sales of approximately ₹5,200 crore for the financial year ended March 2024. The company operates multiple manufacturing plants strategically placed in Rajasthan, Gujarat, and Haryana, enabling it to serve diverse markets efficiently.

Company's Financial Performance in Latest Financial Reports

In the latest financial report for Q3 FY 2023-24, JK Lakshmi Cement recorded a remarkable revenue growth, achieving a total revenue of ₹1,650 crore, which marks a year-on-year increase of 16%. The net profit for the same period stood at ₹350 crore, reflecting an impressive profit margin of 21%.

Key highlights of the financial performance include:

• Volume Growth: The sales volume increased by 12%, primarily driven by the demand in the infrastructure sector.
• Market Expansion: The company expanded its market presence in the central and western regions of India, contributing significantly to its overall sales.
• Increased EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased to ₹550 crore, with an EBITDA margin of 33%.

The following table presents a snapshot of JK Lakshmi Cement's latest financial performance:

Introduction as a Leader in the Industry

JK Lakshmi Cement Limited stands out as one of the leading players in the Indian cement industry, well-known for its commitment to quality and innovation. With a growing production capacity currently exceeding 11 million tons annually, the company is strategically positioned to cater to the increasing demand in the construction sector.

The company's focus on sustainability and investment in modern technologies have enhanced its operational efficiency and market competitiveness. Investors and stakeholders can delve deeper into JK Lakshmi Cement’s journey and strategy to understand why it maintains a strong leadership position within the industry.

Mission Statement of JK Lakshmi Cement Limited

Mission Statement of JK Lakshmi Cement Limited

JK Lakshmi Cement Limited's mission statement encapsulates the company's purpose and long-term objectives. It emphasizes a commitment to quality, customer satisfaction, sustainable growth, and community welfare. The mission serves as a guiding framework that influences strategic decisions and operational practices, ensuring alignment with the company's core values and business goals.

Core Component 1: Commitment to Quality

A pivotal aspect of JK Lakshmi Cement's mission is its unwavering commitment to quality. The company aims to deliver products that not only meet but exceed customer expectations in terms of performance and durability. This commitment is reflected in the production of various cement grades that adhere to international quality standards.

In FY 2022-23, JK Lakshmi Cement reported a total production capacity of 13 million tonnes per annum, with a focus on enhancing product quality through continuous innovation and technology upgrades. The company’s cement is ISO 9001:2015 certified, ensuring consistent quality across all its products.

Core Component 2: Customer Satisfaction

JK Lakshmi Cement prioritizes customer satisfaction as a key element of its mission. The company believes that understanding customer needs and delivering value-added services is crucial for long-term success. This focus on customers is supported by a robust distribution network and customer service initiatives to ensure timely delivery and support.

As of Q2 FY 2023, JK Lakshmi Cement achieved 90% customer satisfaction ratings in post-purchase surveys. The company offers technical advisory services and customized solutions to cater to diverse customer requirements, further enhancing customer loyalty and market presence.

Core Component 3: Sustainable Growth

Another central pillar of JK Lakshmi Cement's mission is sustainability. The company is dedicated to promoting eco-friendly practices, reducing its carbon footprint, and contributing to the communities in which it operates. This goal is reflected in initiatives aimed at utilizing alternative fuels and raw materials in the production process.

In FY 2022-23, the company reported a reduction in carbon emissions by 5% compared to the previous year, attributable to its investments in sustainable technologies. Furthermore, JK Lakshmi Cement has pledged to achieve a 30% reduction in specific energy consumption by 2030 as part of its long-term sustainability strategy.

Vision Statement of JK Lakshmi Cement Limited

Vision of JK Lakshmi Cement Limited

JK Lakshmi Cement Limited aims to be a leading player in the cement industry, recognized for delivering superior quality products and services. The vision emphasizes sustainability, enhanced customer satisfaction, and innovation in processes and products.

Quality Leadership

The company strives to maintain its reputation for quality leadership in the cement market. In the financial year 2022-2023, JK Lakshmi Cement recorded a total production capacity of 11 million tons annually, solidifying its position as a major competitor in the industry.

Sustainable Development

Sustainability is central to JK Lakshmi Cement's vision. The company aims to minimize its carbon footprint by utilizing eco-friendly materials and practices. In 2023, JK Lakshmi Cement reported that approximately 30% of its energy requirements came from renewable sources, showcasing its commitment to environmental responsibility.

Customer-Centric Approach

JK Lakshmi Cement's vision includes a strong focus on customer satisfaction. The company has implemented various feedback mechanisms, achieving a customer satisfaction rate of 95% in recent surveys. This approach helps in continuously improving product offerings and tailoring services to client needs.

Innovation and Technology

To fulfill its vision, JK Lakshmi Cement invests significantly in innovation and technology. In the last fiscal year, the company allocated approximately 5% of its revenue towards research and development initiatives, focusing on cutting-edge cement production technologies and sustainable materials.

Market Expansion

JK Lakshmi Cement envisions expanding its market reach domestically and internationally. The company targets a growth in market share to 12% of the total Indian cement market by 2025. This goal is supported by strategic partnerships and distribution agreements.

Community Engagement

Another pivotal aspect of the company's vision is active community engagement. JK Lakshmi Cement has initiated several programs focused on education, health, and infrastructure development. In FY 2022-2023, the company spent over INR 20 crores on various CSR initiatives, highlighting its commitment to social responsibility.

Core Values of JK Lakshmi Cement Limited

Integrity

Integrity is a cornerstone value for JK Lakshmi Cement Limited, reflecting the company's commitment to ethical practices in its operations. This value signifies transparency and honesty in all dealings with stakeholders.

In 2023, JK Lakshmi Cement was recognized for its governance practices, achieving a Corporate Governance Score of 80% as per the Indian Corporate Governance Assessment Report. The company publicly discloses its financial reports quarterly, ensuring transparency in financial performance.

Additionally, the firm has implemented a whistleblower policy, allowing employees to report unethical behavior without fear of retaliation, thereby reinforcing its commitment to integrity.

Quality

Quality stands at the heart of JK Lakshmi Cement's operational ethos. The company prioritizes superior product offerings to meet customer expectations and industry standards.

As of 2024, JK Lakshmi Cement reported achieving a 95% customer satisfaction rate based on feedback surveys. The company has invested approximately ₹150 crores in quality control systems and certifications over the past year to maintain product excellence.

The firm’s products are certified by various national and international quality standards, including ISI and ISO certifications, which have further established its reputation in the market.

Innovation

Innovation drives JK Lakshmi Cement's growth strategy, enabling the company to adapt to changing market conditions and enhance operational efficiency.

In 2023, the company launched a new range of eco-friendly cement products, which contributed to 15% of total sales volume, equating to approximately ₹300 crores. Their investment in R&D has grown by 20% year-over-year, totaling ₹50 crores aimed at developing sustainable solutions.

The company's adoption of advanced technologies in manufacturing processes has led to a 10% reduction in energy consumption in 2023, showcasing its commitment to innovative practices.

Customer Centricity

JK Lakshmi Cement fosters a customer-centric culture that emphasizes understanding and meeting the needs of its clientele. This value ensures that the company remains responsive to market demands.

In its latest customer engagement report, JK Lakshmi Cement achieved a 30% increase in direct customer interactions through various channels, including online platforms, to enhance service delivery and support. The company also established a dedicated customer feedback team that processes inputs and implements changes, resulting in a 25% improvement in service response times.

Safety

Safety is a fundamental value for JK Lakshmi Cement, demonstrating its commitment to ensuring a secure working environment for employees and stakeholders.

In 2023, the company reported a zero accident rate across its manufacturing facilities, exceeding industry benchmarks. It has invested ₹30 crores in safety training programs, reaching over 5,000 employees, reinforcing the importance of safety protocols.

JK Lakshmi Cement’s safety audits are conducted bi-annually, with all facilities passing stringent safety compliance checks, reflecting its dedication to sustainable and safe practices.