JCT Ltd

₹ 1.21 -4.72%

30 Dec 2024

About

Incorporated in 1946, JCT Ltd is a manufacturer of cloth and nylon filament yarn^[1]

Key Points

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)

Website BSE

Market Cap ₹ 105 Cr.
Current Price ₹ 1.21
High / Low ₹ /
Stock P/E
Book Value ₹ 3.44
Dividend Yield 0.00 %
ROCE -1.80 %
ROE -58.4 %
Face Value ₹ 2.50

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Pros

Stock is trading at 0.35 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 6.52% over past five years.
Promoter holding is low: 27.2%
Company has a low return on equity of -59.2% over last 3 years.
Contingent liabilities of Rs.39.6 Cr.
Promoters have pledged 99.9% of their holding.
Earnings include an other income of Rs.254 Cr.

* 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2010	Mar 2011
	148	229
	147	217
Operating Profit	0	12
OPM %	0%	5%
	-0	113
Interest	10	13
Depreciation	9	10
Profit before tax	-19	102
Tax %	0%	0%
	-19	102
EPS in Rs	-0.54	2.84
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011
	514	518	509	544	557	705
	533	485	475	544	547	812
Operating Profit	-19	33	34	-0	10	-107
OPM %	-4%	6%	7%	-0%	2%	-15%
	71	19	24	26	15	254
Interest	20	21	27	43	47	47
Depreciation	24	18	26	44	39	41
Profit before tax	9	13	5	-61	-61	60
Tax %	18%	17%	25%	1%	0%	7%
	7	11	4	-61	-61	56
EPS in Rs	0.20	0.31	0.11	-1.72	-1.70	1.56
Dividend Payout %	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	7%
3 Years:	12%
TTM:	27%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	1%

Stock Price CAGR
10 Years:	-14%
5 Years:	6%
3 Years:	-14%
1 Year:	0%

Return on Equity
10 Years:	%
5 Years:	-28%
3 Years:	-59%
Last Year:	-58%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011
Equity Capital	86	86	89	89	90	90
Reserves	55	53	71	2	-16	34
	288	468	529	554	516	467
	148	163	147	160	198	221
Total Liabilities	577	770	837	805	788	811
	259	285	464	515	513	478
CWIP	31	184	59	4	5	5
Investments	66	76	77	62	53	42
	220	225	237	224	217	287
Total Assets	577	770	837	805	788	811

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011
	58	56	17	49	69	112
	-67	-204	-76	4	-5	-2
	8	148	61	-56	-62	-98
Net Cash Flow	-1	0	2	-3	1	12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011
Debtor Days	39	23	29	25	22	31
Inventory Days	172	210	195	177	171	156
Days Payable	181	202	183	190	227	180
Cash Conversion Cycle	29	31	42	13	-34	7
Working Capital Days	44	37	55	37	5	22
ROCE %		6%	5%	-3%	-2%	-2%

Insights

In beta

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Jan 2025

Production - Fabrics (Cloth)
Lakh Meters ・Standalone data

xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx
x,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	x,xxx.xx	xx,xxx.xx	x,xxx.xx
xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx
x,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	x,xxx.xx	xx,xxx.xx	x,xxx.xx
	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
										xxx,xxx

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Production - Nylon Filament Yarn
MT ・Standalone data

Sales - Fabrics (Cloth)
Lakh Meters ・Standalone data

Sales - Nylon Filament Yarn
MT ・Standalone data

Capacity Utilization - Nylon Filament Yarn
% ・Standalone data

Installed Capacity - Nylon Filament Yarn
MT per annum ・Standalone data

Installed Capacity - Fabrics (Textile Unit)
meters per day ・Standalone data

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%	27.25%
	6.24%	6.28%	6.35%	6.31%	6.31%	6.31%	6.30%	6.30%	6.30%	6.26%	6.26%	6.25%
	22.28%	13.39%	11.56%	11.56%	11.39%	2.98%	2.98%	2.98%	2.98%	2.98%	2.98%	2.98%
	44.24%	53.08%	54.85%	54.89%	55.05%	63.46%	63.45%	63.47%	63.46%	63.51%	63.51%	63.52%
No. of Shareholders	1,04,057	1,15,834	1,30,372	1,52,366	1,53,686	1,55,451	1,53,815	1,55,396	1,53,912	1,54,012	1,53,774	1,59,662

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	38.18%	39.56%	39.56%	28.22%	28.22%	28.22%	27.25%	27.25%	27.25%
	9.27%	0.00%	0.00%	20.63%	6.47%	6.47%	6.31%	6.30%	6.25%
	7.88%	14.16%	13.94%	17.94%	40.98%	28.69%	11.56%	2.98%	2.98%
	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	44.62%	46.28%	46.50%	33.21%	24.33%	36.62%	54.89%	63.47%	63.52%
No. of Shareholders	97,758	96,371	94,486	91,993	90,364	93,574	1,52,366	1,55,396	1,59,662

* 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.

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JCT Ltd

JCT Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

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