JSL Industries Ltd

JSL Industries Ltd

₹ 1,616 0.73%
13 Dec - close price
About

Incorporated in 1966, JSL Industries Ltd
does manufacturing of engineering goods

Key Points

Business Overview:[1]
Company started as a subsidiary company
to M/s. Jyoti Ltd., Vadodara to supply various engineering products and components. At present, it is a public limited company engaged in manufacturing LT Motors and Pumps, LT panels, LT Switchgear and Control gear products – Air Circuit Breakers, Contactors, Thermal overload Relay, Motor Starters, Cam Switches and HT Instrument Transformers. Company is the largest manufacturer of Oil Immersed starters in India and is also the largest supplier of 66 kV CTs to M/s. GETCO, Gujarat

  • Market Cap 190 Cr.
  • Current Price 1,616
  • High / Low 2,798 / 760
  • Stock P/E 27.1
  • Book Value 385
  • Dividend Yield 0.00 %
  • ROCE 22.2 %
  • ROE 16.8 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 81.6% CAGR over last 5 years
  • Debtor days have improved from 23.6 to 17.7 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -1.52% over past five years.
  • Company has a low return on equity of 12.8% over last 3 years.
  • Earnings include an other income of Rs.5.53 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.

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
14.93 16.59 11.98 11.48 10.26 13.56 13.59 12.50 11.76 14.44 12.65 13.88 12.25
13.57 14.90 11.16 10.74 9.32 12.12 11.95 11.92 10.43 13.04 11.52 13.36 11.20
Operating Profit 1.36 1.69 0.82 0.74 0.94 1.44 1.64 0.58 1.33 1.40 1.13 0.52 1.05
OPM % 9.11% 10.19% 6.84% 6.45% 9.16% 10.62% 12.07% 4.64% 11.31% 9.70% 8.93% 3.75% 8.57%
0.20 0.19 0.22 0.16 1.40 0.56 0.29 2.57 3.15 -1.42 1.15 4.44 1.36
Interest 0.24 0.11 0.10 0.14 0.21 0.17 0.06 0.08 0.15 0.08 0.09 0.07 0.18
Depreciation 0.25 0.25 0.25 0.25 0.27 0.27 0.27 0.26 0.27 0.27 0.30 0.31 0.32
Profit before tax 1.07 1.52 0.69 0.51 1.86 1.56 1.60 2.81 4.06 -0.37 1.89 4.58 1.91
Tax % 28.97% 26.97% 27.54% 35.29% 10.22% 14.10% 93.12% 30.60% 29.80% -21.62% 12.70% 11.57% 16.23%
0.76 1.11 0.50 0.33 1.67 1.34 0.10 1.95 2.85 -0.29 1.65 4.05 1.60
EPS in Rs 6.47 9.46 4.26 2.81 14.23 11.41 0.85 16.61 24.28 -2.47 14.06 34.50 13.63
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
67.35 52.67 54.97 47.73 44.48 47.34 54.78 48.45 49.13 54.92 48.51 50.74 53.22
61.21 48.28 50.60 44.58 41.69 44.68 51.74 45.90 44.44 50.57 43.74 46.29 49.12
Operating Profit 6.14 4.39 4.37 3.15 2.79 2.66 3.04 2.55 4.69 4.35 4.77 4.45 4.10
OPM % 9.12% 8.33% 7.95% 6.60% 6.27% 5.62% 5.55% 5.26% 9.55% 7.92% 9.83% 8.77% 7.70%
0.26 0.38 0.82 0.19 0.32 0.24 0.26 0.61 0.53 0.98 2.40 5.45 5.53
Interest 1.90 1.12 1.35 1.01 0.80 0.93 0.91 0.78 0.57 0.59 0.58 0.40 0.42
Depreciation 1.32 1.34 1.74 1.60 1.61 1.62 1.68 1.61 1.21 1.00 1.06 1.11 1.20
Profit before tax 3.18 2.31 2.10 0.73 0.70 0.35 0.71 0.77 3.44 3.74 5.53 8.39 8.01
Tax % 11.95% 38.53% 24.29% 32.88% 28.57% 42.86% 54.93% 59.74% 29.94% 26.20% 37.79% 26.58%
2.80 1.42 1.59 0.50 0.51 0.20 0.32 0.31 2.40 2.76 3.44 6.16 7.01
EPS in Rs 25.08 12.72 14.24 4.48 4.57 1.70 2.73 2.64 20.44 23.51 29.30 52.47 59.72
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 0%
5 Years: -2%
3 Years: 1%
TTM: 4%
Compounded Profit Growth
10 Years: 16%
5 Years: 82%
3 Years: 38%
TTM: 12%
Stock Price CAGR
10 Years: 22%
5 Years: 83%
3 Years: 97%
1 Year: 54%
Return on Equity
10 Years: 6%
5 Years: 10%
3 Years: 13%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1.12 1.12 1.12 1.12 1.12 1.17 1.17 1.17 1.17 1.17 1.17 1.17 1.17
Reserves 21.35 22.65 24.16 26.01 25.33 27.17 23.41 23.62 25.95 28.71 32.19 38.34 43.98
6.88 7.05 5.71 6.39 6.96 8.74 3.62 4.75 3.80 2.87 2.55 3.35 3.96
20.93 21.38 17.63 12.54 15.32 14.29 14.47 13.82 12.23 11.61 11.34 12.72 13.12
Total Liabilities 50.28 52.20 48.62 46.06 48.73 51.37 42.67 43.36 43.15 44.36 47.25 55.58 62.23
19.13 18.12 16.91 17.68 17.48 17.61 16.67 15.36 14.77 15.59 15.78 16.31 15.95
CWIP 2.03 2.14 0.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 1.67 7.17 7.17 7.17 7.17 7.14 6.67 5.77 5.77 0.27 1.66 5.61 10.34
27.45 24.77 23.93 21.21 24.08 26.62 19.33 22.23 22.61 28.50 29.81 33.66 35.94
Total Assets 50.28 52.20 48.62 46.06 48.73 51.37 42.67 43.36 43.15 44.36 47.25 55.58 62.23

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8.23 3.62 0.98 -0.11 0.90 -1.72 4.99 -2.27 1.24 -4.72 0.73 -2.06
-1.77 -5.68 1.71 -1.72 -1.17 -1.48 -0.02 1.20 -0.10 4.65 -1.93 -0.25
-3.10 0.17 -1.34 2.13 0.29 3.19 -4.88 0.97 -0.61 -0.46 1.20 2.31
Net Cash Flow 3.36 -1.89 1.36 0.30 0.01 -0.01 0.09 -0.10 0.54 -0.53 0.01 -0.01

Ratios

Figures in Rs. Crores

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 61.13 60.22 46.88 36.86 46.45 56.36 33.18 35.56 21.25 28.71 24.45 17.70
Inventory Days 44.32 78.47 89.44 93.91 130.17 135.08 87.49 84.35 129.89 95.15 136.61 134.06
Days Payable 139.28 108.81 108.02 112.10 141.19 122.08 84.38 100.36 86.72 37.57 49.55 51.62
Cash Conversion Cycle -33.83 29.89 28.30 18.67 35.43 69.37 36.29 19.55 64.41 86.29 111.52 100.14
Working Capital Days -2.22 -13.93 19.19 11.78 39.88 69.24 39.18 72.85 90.79 114.38 150.79 184.73
ROCE % 17.18% 11.40% 9.09% 5.49% 4.06% 3.60% 4.93% 5.40% 13.03% 13.57% 17.83% 22.17%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
40.76% 40.76% 40.76% 40.77% 40.77% 40.77% 40.77% 40.77% 40.77% 40.77% 40.77% 40.77%
12.55% 12.55% 12.55% 12.55% 12.55% 12.55% 12.55% 12.55% 12.55% 12.55% 12.55% 12.55%
46.69% 46.69% 46.69% 46.69% 46.67% 46.68% 46.69% 46.68% 46.68% 46.69% 46.69% 46.69%
No. of Shareholders 2,3742,3972,4132,4342,4492,5032,5212,5292,5362,5912,6432,696

* 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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