JCT Ltd
Incorporated in 1946, JCT Ltd is a manufacturer of cloth and nylon filament yarn[1]
- Market Cap ₹ 220 Cr.
- Current Price ₹ 2.53
- High / Low ₹ 4.57 / 1.75
- Stock P/E
- Book Value ₹ 3.11
- Dividend Yield 0.00 %
- ROCE -9.94 %
- ROE -30.0 %
- Face Value ₹ 2.50
Pros
- Stock is trading at 0.81 times its book value
- Debtor days have improved from 24.9 to 18.7 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -3.35% over past five years.
- Promoter holding is low: 27.2%
- Company has a low return on equity of -11.6% over last 3 years.
- Promoters have pledged 99.9% of their holding.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Composite
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Sep 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
773 | 1,235 | 461 | 961 | 855 | 804 | 758 | 800 | 693 | 657 | 804 | 639 | 557 | |
760 | 1,194 | 429 | 897 | 799 | 769 | 738 | 768 | 696 | 590 | 774 | 683 | 633 | |
Operating Profit | 14 | 40 | 32 | 63 | 56 | 34 | 20 | 32 | -3 | 67 | 30 | -44 | -77 |
OPM % | 2% | 3% | 7% | 7% | 7% | 4% | 3% | 4% | -0% | 10% | 4% | -7% | -14% |
7 | -1 | 4 | 7 | 19 | 17 | 10 | 7 | 16 | 8 | 45 | 14 | 12 | |
Interest | 41 | 53 | 17 | 34 | 39 | 37 | 36 | 40 | 43 | 46 | 51 | 44 | 46 |
Depreciation | 47 | 74 | 17 | 28 | 30 | 31 | 30 | 23 | 15 | 15 | 13 | 12 | 12 |
Profit before tax | -68 | -87 | 3 | 9 | 5 | -17 | -36 | -23 | -45 | 15 | 10 | -85 | -123 |
Tax % | -0% | -1% | -33% | 0% | 0% | -0% | -0% | 0% | 0% | 0% | 0% | 0% | |
-68 | -88 | 3 | 9 | 5 | -17 | -36 | -23 | -45 | 15 | 10 | -85 | -123 | |
EPS in Rs | -1.90 | -1.99 | 0.06 | 0.16 | 0.09 | -0.29 | -0.60 | -0.28 | -0.53 | 0.18 | 0.11 | -0.98 | -1.41 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -3% |
3 Years: | -3% |
TTM: | -34% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -31% |
TTM: | -969% |
Stock Price CAGR | |
---|---|
10 Years: | 2% |
5 Years: | 11% |
3 Years: | 25% |
1 Year: | 25% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -13% |
3 Years: | -12% |
Last Year: | -30% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Sep 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 90 | 110 | 139 | 139 | 146 | 150 | 150 | 210 | 210 | 210 | 217 | 217 |
Reserves | -38 | -132 | -61 | -53 | -42 | -56 | -90 | 137 | 108 | 131 | 135 | 53 |
Preference Capital | 24 | 24 | 24 | 24 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
420 | 455 | 345 | 347 | 299 | 258 | 240 | 196 | 174 | 192 | 174 | 198 | |
262 | 265 | 280 | 271 | 266 | 273 | 301 | 320 | 355 | 313 | 334 | 340 | |
Total Liabilities | 734 | 699 | 703 | 704 | 670 | 625 | 601 | 863 | 847 | 845 | 860 | 808 |
457 | 414 | 398 | 387 | 368 | 348 | 322 | 584 | 593 | 582 | 569 | 561 | |
CWIP | 2 | 2 | 4 | 2 | 1 | 3 | 3 | 3 | 2 | 1 | 1 | 2 |
Investments | 42 | 38 | 37 | 37 | 5 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
233 | 244 | 264 | 278 | 296 | 272 | 274 | 274 | 251 | 261 | 288 | 243 | |
Total Assets | 734 | 699 | 703 | 704 | 670 | 625 | 601 | 863 | 847 | 845 | 860 | 808 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Sep 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
54 | 55 | -77 | 53 | 59 | 75 | 46 | 58 | 69 | -2 | 33 | 18 | |
-25 | -23 | 1 | -13 | 30 | -1 | 4 | -3 | 9 | 1 | 39 | 8 | |
-44 | -25 | 68 | -33 | -89 | -77 | -53 | -56 | -65 | -11 | -73 | -26 | |
Net Cash Flow | -15 | 6 | -7 | 7 | -1 | -3 | -2 | -1 | 13 | -12 | -1 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Sep 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 17 | 53 | 31 | 34 | 30 | 26 | 21 | 13 | 29 | 27 | 19 |
Inventory Days | 94 | 60 | 188 | 99 | 130 | 155 | 161 | 139 | 177 | 196 | 151 | 166 |
Days Payable | 93 | 51 | 175 | 78 | 69 | 101 | 128 | 109 | 141 | 168 | 128 | 146 |
Cash Conversion Cycle | 23 | 25 | 67 | 51 | 96 | 84 | 59 | 50 | 49 | 56 | 51 | 39 |
Working Capital Days | -86 | -51 | -50 | -27 | 19 | -6 | -23 | 13 | -32 | 7 | 7 | -27 |
ROCE % | -5% | -4% | 10% | 9% | 3% | -2% | 4% | -3% | 11% | 4% | -10% |
Documents
Announcements
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Reg 7(3) - Compliance Certificate For The Period Ended March, 2024
29 Apr - Compliance Certificate under Regulation 7(3) of SEBI (LODR) Regulations, 2015 for the period ending on March 31, 2024.
- Certificate Under Reg 40(10) Of SEBI LODR Regulations, 2015 For The Period Ended On March 31, 2024 29 Apr
- Announcement under Regulation 30 (LODR)-Resignation of Director 13 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Apr - Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations, 2015 for the Quarter ended March 31, 2024
- Closure of Trading Window 3 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Overview:[1]
JCTL is the flagship company of Thapar Group. It is a manufacturer of textiles and filament yarn with operations in 2 distinct businesses – cotton, synthetic & blended textiles and nylon filament yarn. Company was the first textile manufacturer in the country to introduce eco -friendly fabrics made of organic cotton and its textile division was the first in the industry to be accredited with an ISO 9001 certification. JCTL’s other operations include Filament Yarn. Company was also the first to set up a Colour Picture Tube plant in India (manufactured by JCT Electronics Ltd. in technical collaboration with Hitachi Ltd, Japan)