Jai Corp Ltd

Jai Corp Ltd

₹ 299 0.27%
28 May - close price
About

Jai Corp Ltd, incorporated in 1985, is engaged in the manufacturing businesses of Steel, Plastic Processing and Spinning yarn. It is also involved in Investment Advisory Services, Development of Land and Buildings.[1][2]

Key Points

Products and Services
The offerings of the Co. include Infrastructure Development [1], Venture Capital [2], Poly Woven Products, Geo Textiles, Woven Sacks, FIBC Bags [3], Steel Products, Spinning Segment and Masterbatches. [4]

  • Market Cap 5,335 Cr.
  • Current Price 299
  • High / Low 424 / 159
  • Stock P/E 98.3
  • Book Value 77.7
  • Dividend Yield 0.17 %
  • ROCE 4.81 %
  • ROE 4.35 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 96.5%

Cons

  • Stock is trading at 3.85 times its book value
  • The company has delivered a poor sales growth of -5.99% over past five years.
  • Company has a low return on equity of 3.38% over last 3 years.
  • Earnings include an other income of Rs.23.2 Cr.
  • Working capital days have increased from 119 days to 217 days

* 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: Plastic products Industry: Plastics Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
186 186 177 167 193 145 129 124 114 117 106 122
168 165 157 150 172 128 112 106 103 102 93 103
Operating Profit 18 21 20 17 21 17 16 17 10 14 13 19
OPM % 10% 11% 11% 10% 11% 12% 13% 14% 9% 12% 12% 15%
2 1 0 2 2 2 2 -46 3 3 4 13
Interest 2 1 1 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 15 19 17 17 20 16 16 -31 11 15 15 30
Tax % 22% 26% 28% 8% 27% 26% 26% -14% 22% 27% 29% 20%
12 14 12 15 15 12 12 -35 8 11 10 24
EPS in Rs 0.67 0.80 0.70 0.87 0.83 0.69 0.65 -1.96 0.47 0.63 0.59 1.34
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
634 703 684 622 655 576 623 514 469 716 590 458
562 611 596 542 570 482 540 452 411 640 519 402
Operating Profit 73 92 89 80 85 94 84 62 58 76 72 56
OPM % 11% 13% 13% 13% 13% 16% 13% 12% 12% 11% 12% 12%
55 43 20 35 15 16 10 21 96 6 -41 23
Interest 1 0 0 83 78 52 34 24 16 3 0 0
Depreciation 18 18 23 18 16 15 15 12 11 10 9 8
Profit before tax 109 117 86 14 6 43 45 46 128 69 22 71
Tax % 31% 33% 32% 105% 338% 43% 51% 12% 23% 21% 84% 24%
75 78 58 -1 -15 24 22 41 99 54 3 54
EPS in Rs 4.20 4.38 3.27 -0.04 -0.81 1.37 1.23 2.27 5.53 3.04 0.20 3.02
Dividend Payout % 12% 11% 15% -1,144% -62% 37% 41% 22% 9% 16% 256% 17%
Compounded Sales Growth
10 Years: -4%
5 Years: -6%
3 Years: -1%
TTM: -22%
Compounded Profit Growth
10 Years: -3%
5 Years: 18%
3 Years: 16%
TTM: 458%
Stock Price CAGR
10 Years: 13%
5 Years: 20%
3 Years: 39%
1 Year: 86%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 3%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 2,052 2,076 2,002 1,001 1,066 976 913 949 1,045 1,097 1,089 1,370
Preference Capital 1 1 1 0 0 621 231 470 238 236 236
11 9 9 895 923 1 349 0 92 0 2 0
60 51 59 93 52 675 280 509 273 280 270 40
Total Liabilities 2,140 2,154 2,088 2,007 2,060 1,669 1,560 1,476 1,427 1,394 1,379 1,428
212 209 197 173 179 180 184 156 136 130 126 118
CWIP 7 7 6 10 6 20 6 6 1 0 1 1
Investments 1,075 1,047 1,010 1,463 1,530 1,139 1,062 1,008 959 967 1,037 1,095
845 891 875 361 344 330 308 307 332 297 215 214
Total Assets 2,140 2,154 2,088 2,007 2,060 1,669 1,560 1,476 1,427 1,394 1,379 1,428

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-10 54 91 77 72 60 80 65 6 93 77
225 21 29 17 -16 501 -9 66 156 -1 -67
-219 -55 -131 -101 -54 -557 -77 -131 -156 -96 -14
Net Cash Flow -4 20 -12 -6 1 4 -6 0 7 -4 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 61 56 52 45 42 49 38 48 46 32 32 39
Inventory Days 63 53 61 83 63 75 65 55 120 57 52 72
Days Payable 9 7 12 20 4 7 6 3 5 5 4 7
Cash Conversion Cycle 115 102 101 109 101 117 96 100 161 85 80 104
Working Capital Days 224 212 352 91 -423 99 -123 100 64 70 69 217
ROCE % 5% 5% 4% 4% 4% 5% 5% 4% 4% 5% 5%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.01% 73.01% 73.01% 73.01% 73.01% 73.01% 73.01% 73.80% 73.80% 73.80% 73.80% 73.80%
4.74% 0.85% 0.58% 0.64% 0.62% 0.73% 0.78% 0.92% 0.76% 0.92% 1.44% 1.73%
1.60% 1.61% 1.59% 1.60% 1.59% 1.60% 1.60% 1.60% 1.60% 1.66% 1.65% 1.63%
20.65% 24.54% 24.82% 24.76% 24.78% 24.67% 24.61% 23.68% 23.85% 23.64% 23.13% 22.85%
No. of Shareholders 85,51299,05697,71997,39596,64493,03192,22389,86886,14283,11383,49382,998

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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